The International Monetary Fund (IMF) should demand the Egyptian government disclose financial information about military-owned businesses as part of required reporting on state-owned enterprises, before releasing the next tranche of funding under an ongoing loan program, Human Rights Watch, Cairo Institute for Human Rights Studies, and the Freedom Initiative said …

President Sisi’s regime follows a consistent policy of entrenching itself in the global financial system to align its own stability with the economic interests of international organizations, Western states, and private companies.

The number of coronavirus infections in Egypt is expected to rise until the end of the winter season, the World Health Organisation (WHO) warned yesterday.

Kuwait has handed over to Egyptian authorities at least three Egyptians resident in the country, after detaining them, the local Al-Qabas newspaper reported on Sunday.

Three Egyptians arrested by Lebanese forces in August in relation to the gang rape of a young woman at the Fairmont Nile City hotel in Cairo in 2014 have been extradited by Interpol to Egypt and arrived at Cairo International Airport on Thursday morning.

Over the past few weeks, Egypt’s foreign debt reached record numbers, after obtaining loans worth about $7.9 billion from the International Monetary Fund (IMF) under two different agreements, in addition to selling $5 billion worth of Egyptian bonds abroad.

Egypt will increase electricity prices in July by up to 19.1 percent according to a plan to gradually lift all energy subsidies by July 2021, Mohamed Shaker, Minister of Electricity and Renewable Energy, announced on Tuesday.

An IMF team has agreed on a one-year, $5.2 billion financing package for Egypt to help the country alleviate the economic impact of the Covid-19 pandemic, the fund announced Friday.

Africa’s largest number of coronavirus has been recorded in Egypt (612), followed by Algeria (548), the World Health Organization (WHO) announced.

Egypt faces an estimated $10bn funding shortfall this year as its economy is battered by coronavirus.