Egyptian President chairs National Security Council meeting to address Gaza Strip escalation: 6 key decisions

Egyptian President chairs National Security Council meeting to address Gaza Strip escalation: 6 key decisions

Dubai, United Arab Emirates (CNN) – On Sunday, Egyptian President Abdel Fattah El-Sisi chaired a meeting of the National Security Council, to discuss developments in the regional situation, especially the military escalation in the Gaza Strip, and the meeting issued 6 decisions. The spokesman for the Presidency of the Republic, Counselor Ahmed Fahmy, said in … Read more

Egypt’s Debt Crisis: Morgan Stanley Downgrades Egyptian Debt View to Not Favorable

Egypt’s Debt Crisis: Morgan Stanley Downgrades Egyptian Debt View to Not Favorable

Cairo, Egypt (CNN) – Morgan Stanley modified its view of Egyptian debt from “neutral” to “not favorable” due to the increase in the size of credit risks in the near term, attributing the reason for this to the continued burden of credit rating risks and the possibility of a rise in interest rates in the … Read more

Iranian Foreign Ministry Investigating Visa Cancellations with Saudi Arabia and Other Countries

Iranian Foreign Ministry Investigating Visa Cancellations with Saudi Arabia and Other Countries

Dubai, United Arab Emirates (CNN) – Iranian Foreign Ministry spokesman, Nasser Kanaani, announced on Monday that canceling visas with some countries, including Saudi Arabia, is a “subject under investigation” by the ministry. Kanaani said, in a press conference, “There are several plans and ideas being discussed with the relevant institutions, and it is necessary and … Read more

The Price of Progress and Prosperity: President El-Sisi’s Controversial Statements Spark Social Media Debate

The Price of Progress and Prosperity: President El-Sisi’s Controversial Statements Spark Social Media Debate

Dubai, United Arab Emirates (CNN) – Activists on social media shared statements by Egyptian President Abdel Fattah El-Sisi about the price of progress, prosperity and development at the expense of hunger and deprivation, which sparked widespread interaction. Al-Sisi said in a statement he made on the sidelines of the “Story of a Homeland” conference on … Read more

Wael Hanna Pleads Not Guilty in Senator Menendez Case: Accused Businessman Released on Bail

Wael Hanna Pleads Not Guilty in Senator Menendez Case: Accused Businessman Released on Bail

(CNN) – Businessman Wael Hanna, accused in the case of Senator Robert Menendez, Chairman of the Foreign Relations Committee in the US Senate, pleaded not guilty on Tuesday before the federal court in Manhattan and confirmed that he was not guilty. The court released him on bail worth $5 million and handed over his travel … Read more

Ethiopia’s Renaissance Dam Negotiations with Egypt and Sudan: Progress and Challenges

Ethiopia’s Renaissance Dam Negotiations with Egypt and Sudan: Progress and Challenges

Dubai, United Arab Emirates (CNN) – On Monday evening, the Ethiopian Ministry of Foreign Affairs issued a statement on the results of the latest round of the Renaissance Dam negotiations, which were hosted by the Ethiopian capital, Addis Ababa, in which delegations from Egypt and Sudan participated. The ministry said: “Ethiopia hosted the second round … Read more

The impact of interest rates and inflation on Egypt’s economy

The impact of interest rates and inflation on Egypt’s economy

Cairo, Egypt (CNN) – The Central Bank of Egypt decided, on Thursday, to maintain the deposit and lending return rates at the level of 19.25% and 20.25%, respectively, attributing the reason for this to “the consistency of the inflation data with the bank’s expectations,” while bankers believe that Increasing interest rates “is no longer the … Read more

Storm Daniel Approaches Egyptian Border after Hitting Libya: Impact and Expectations

Storm Daniel Approaches Egyptian Border after Hitting Libya: Impact and Expectations

Dubai, United Arab Emirates (CNN) – The Egyptian Meteorological Authority announced on Monday that Storm Daniel is now heading to the Egyptian border, after it struck Libya on Sunday, and its impact is expected to reach the west of the country, including Salloum, Siwa, and Matruh. It will arrive in Alexandria on Monday evening. The … Read more

Egypt Launches National Strategy for Population and Development to Address Population Growth Challenges

Egypt Launches National Strategy for Population and Development to Address Population Growth Challenges

Cairo, Egypt (CNN) — Egypt launched the “National Strategy for Population and Development”, which aims to implement a program that balances population growth rates with the available resources in the country by educating citizens about the seriousness of high fertility rates without preventing the family’s right to determine the number of its children. Representatives stressed … Read more

Businessman Naguib Sawiris Calls for Action on Garbage and Road Conditions in Matrouh Airport, Egypt

Businessman Naguib Sawiris Calls for Action on Garbage and Road Conditions in Matrouh Airport, Egypt

Dubai, United Arab Emirates (CNN) – Egyptian businessman Naguib Sawiris criticized, on Monday, the spread of garbage on the road leading to Matrouh Airport, in Marsa Matrouh Governorate, northwest of Egypt, and the presence of “industrial bumps” every 10 meters, warning that this affects the Tourists, provoking an interaction. Sawiris said, through his official account … Read more