Close, but no cigar
Egypt is locked into an uncomfortable anticipation zone. Everyone is bracing to see how the current events will unfold. Will a sweeping security intervention be deployed to clear the sprawling…
Morsi supporters fail to extend sit-ins
Morsi supporters clash with police and civilians as they attempt to extend protests, interior ministry offers safe exit to law-abiding Morsi supporters
Government plans urgent measures to curb inflation
Ministerial economic group to take measures to combat rising prices of consumer goods and food
Central bank reduces its interest rates by 50 basis points
According to a statement on the bank’s website, the discount and repurchasing rates and deposit operations are now lowered to 9.75%.
El-Beblawi’s government sees highest recorded monthly borrowing rates in three years
The financial monthly bulletin issued by the Ministry of Finance showed the total issuance of bonds for May and June registered EGP 54.5m and 47.5m, respectively.
Attacks on press in Rabaa Al-Adaweya continue
A photographer was assaulted and his camera was seized at the Rabaa Al-Adaweya sit-in press centre
Egyptian journalist detained in UAE
Foreign Ministry following the case of journalist detained in UAE, ANHRI reports other cases
Four days off to stock market employees for Eid Al-Fitr
The break is set to last four days until 11 August, with stock market sources
Foreign Minister discusses political and economic relations with his Emirati counterpart
Fahmy also met with UN Envoy Lakhdar Brahimi to discuss the Syrian crisis
US official calls for an end to violence on visit to Cairo
Deputy Secretary Burns calls for peaceful and inclusive political process