The German government had approved an €800 million ($899 million) arms export deal with Egypt during the period from 1 January to 5 June 2019, the country’s economic affairs ministry announced yesterday. Responding to a [ More … ]
The US has condemned a decision by Turkey to increase tariffs on American cars, alcohol and tobacco imports, calling the move, step in the wrong direction. Turkey took the action in response to what it [ More … ]
The rise in the exchange rate of the dollar, which has rallied in recent days, is ongoing. It is known that political reasons remain in the background of this rise. The last apparent reason is [ More … ]
Egypt has raised the prices of fuel by up to 55 percent, the second such increase since the local currency was floated seven months ago. Egypt has raised the prices of fuel by up more [ More … ]
Since Abdel Fattah al-Sisi became president after he led a military coup against Egypt’s first democratically elected President Mohamed Morsi, the Egyptian military has embarked on a massive spending spree. Egypt ranked the second among [ More … ]
A recent survey by a a non-governmental organization close to the current regime has unveiled that the Al-Sisi’s popularity declined by 50% during his second year in office. The Egyptian Center for Public Opinion Research (Baseera), [ More … ]
Several Egyptian cities have witnessed skirmishes between protesters and the Egyptian police forces on Friday, according to Anadolu Agency. Hundreds of protesters took to the streets after Friday Prayers to participate in the “Uprising of [ More … ]
By: Mohamed Abu Saada* – The Struggle to Survive and Extend – Egypt … Where to? Introduction: Different Israeli media outlets have been dramatically shedding light on the economic, social, security and political situation [ More … ]
Saudi Arabia’s officials are meeting investors this week to gauge appetite for the country’s first international bond, a potential multibillion-dollar issue aimed at strengthening the kingdom’s finances strained by low oil prices, reported The Wall [ More … ]
Despite Egypt’s economic problems and the austerity policies announced by the government ahead of the IMF loan agreement, the regime is ready to spend almost half a million dollars on building a museum. Japan has [ More … ]
Egypt’s parliament approved the government’s nomination of a retired army general to take office as the new supply minister, a key post tasked with the distribution of subsidized food items on which the majority of [ More … ]
Saudi Arabia has a new problem to worry about: borrowing costs. A bunch of ugly warning signs have been bubbling up in Saudi Arabia lately. The economy grew at just a 1.5% clip in the [ More … ]
A recent field study for the Egyptian Center for Media and Public Opinion Takamol Masr found that 74% of the Egyptians refuse the continuation of the al-Sisi regime while 11% only wanted the regime to continue and [ More … ]
Ahead to reaching an agreement with the International Monetary Fund (IMF), Abdel Fattah al-Sisi warned Egyptians of hard days. Al-Sisi stated on Monday that tough measures would be needed to turn the country’s ailing economy [ More … ]
The Egyptian pound continues its decline in black market trading, with speculations that policy makers will weaken the official exchange rate to end the country’s shortage of foreign currency, reported Bloomberg. According to the average quote [ More … ]
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