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Egypt Gets Massive Injections of Cash, but Outlook is Still ShakyF

By Arezki Daoud | LinkedIn | Egypt has many powerful allies, including those in the global financial sector. No one wants to see it collapse, so money is flowing in a-go-go. Despite a dismal economic performance, global rating agencies, which acknowledge that Egypt is...

Egypt’s Demographic Time BombF

This month of June 2024, the Egyptian population reached the record number 106.4 million people. Egyptians added 126,000 babies in just one month. Dividing this by 30 days, fetches 4,200 babies per day. The Egyptian government does not like this trend because this...

War in Gaza forces former Middle East foes to seek reconciliationF

By Mondafrique: The war in Gaza is forcing feuding States in the Middle East and in the Gulf to seek the path of reconciliations. Faced with President Biden’s inability to impose a red line on Israeli Prime Minister Binyamin Netanyahu, the four most influential...

Egypt: Rights activists decry choice of Egypt to host next environmental summitF

Human Rights Watch criticised Monday the choice of Egypt as host for the next climate summit, warning the government would use it to "whitewash its appalling record of human rights abuses".  "Egypt is a glaringly poor choice to host COP27 and rewards the repressive...

Egypt: Bus crash kills dozen near Sharm El-SheikhF

Twelve people were killed on an Egyptian highway early Sunday when their bus overturned on their return from the popular Red Sea resort Sharm El-Sheikh, medical and security sources said. Thirty-four other passengers were injured and transported to the port town of...

Egypt inks deal with Chinese Covid vaccine maker to manufacture a billion doses per yearF

Egypt said Wednesday it plans to manufacture one billion doses a year of China's Sinovac vaccine, claiming it would become the Middle East and Africa's "biggest vaccine producer".  Under the deal with the Chinese pharmaceutical company, a factory in Cairo will produce...

Egypt: Sisi walking a risky road, announces increase in the price of breadF

Egyptian President Abdel Fattah al-Sisi said Tuesday his administration is ready to raise the price of subsidised bread as part of its continued austerity push towards economic recovery. "The time has come for the price of a loaf of bread to increase from 5 piastres...

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