#devaluation
Egyptian pound plummets to record low against dollar, marking 50% depreciation over 1 year
The swing in exchange value is the fourth major depreciation of the pound over a one-year period
4 دقيقة قراءة
أرشيف
الأخبار
7,465 خبر منشور حتى الآن.
#Central Bank of Egypt
Wheat, grain prices rise again this week as release of imports slows down, market anticipates pound devaluation
Banks continue to struggle to provide dollar liquidity to importers
6 دقيقة قراءة
#foreign currency shortages
Former Suez Canal advisor: New fund aims to separate ownership, management of canal assets
The announcement of the fund was met with a rare wave of wide disapproval
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#foreign currency shortages
Out with the new, in with the old: Central bank doubles back on import regulations
The congestion has hampered industrial activity ranging from food production to construction
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#attacks on police
Sources: 3 police personnel killed, 12 injured in armed attack near Ismailia
No group has yet claimed responsibility for the attack
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#Suez Canal
Selling the Suez? New fund to capitalize canal’s assets stirs concerns over sovereignty
Final approval of the bill was postponed until the coming parliamentary session.
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#devaluation
As households face soaring inflation, govt opens rare window for new sign-ups to food subsidy system
A series of shocks to the economy has compelled the state to launch successive emergency programs
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#African Union
Ramy Shaath seeks damages from Egypt at African rights court
Since his release, Shaath has faced "threats and intimidation" from Egyptian officials and media
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#foreign currency shortages
Amid liquidity crisis, 2 banks tighten limits on card withdrawals outside Egypt
HSBC & CIB, among others, introduced limits on foreign currency withdrawals & purchases in October.
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#Egypt-China relations
Egypt prepares to obtain $500 mn in financing from China as it seeks to close funding gap
The news comes as Egypt tries to close its funding gap and finalize the new IMF loan
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#Egyptian migrants
Kuwait introduces new regulations to restrict inflow of Egyptian nationals seeking work
Unnamed Kuwaiti govt sources accused Egypt of neglecting their 2018 labor-regulating agreement.
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#Mada Masr
Postponed: Mada Masr’s lawsuit for a license
The SMRC has not sent a representative to either of the two sessions in the case thus far
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#Health Ministry
Military prosecution investigates officer involved in assault on Monufiya hospital staff
"I fell to the floor and he continued to kick at me, bruising my entire body"
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#Civil Democratic Movement
Seven months in, conflicts continue to hamper launch of National Dialogue political process
No date an official start of the forum is currently on the horizon
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#Abdel Fattah al-Burhan
Sudanese military signs framework agreement with civilians over 1 year after coup
Prominent armed groups and grassroots activist groups have criticized the deal
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#prison conditions
For publishing footage alleging to show torture, nine sentenced to life by terrorism court
The Public Prosecution announced that its investigations determined that the video was “staged.”
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#income tax
Fearing de facto tax hike, lawyers strike to protest new digital billing system
Taxation will be calculated automatically based on the sum of invoices
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#Egypt-EU relations
Parliament bites back after EU deplores ‘continued lack of basic political rights and freedoms in Egypt’
Egypt's parliament said the resolution violates the independence of its prosecution and judiciary.
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#communications disruptions
After brief window of access during COP27, WhatsApp calls blocked again on Vodafone Egypt
WhatsApp and other apps that use VoIP have been blocked intermittently on various ISPs since 2015
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#Armed Forces
Armed Forces thwarts militant attack near Ismailia university, 2 military personnel killed, 1 civilian injured
Two Armed Forces personnel were killed on Saturday and a university student was injured during clashes between Armed Forces units and militants…
4 دقيقة قراءة