The International Monetary Fund (IMF) announced its approval of a 46-month cooperation program for Egypt, in an amount of 3 billion US dollars, according to a statement from the IMF on Saturday 12/17/2022. The package of policies included in the program includes measures, including the permanent transition to a flexible exchange rate system and the implementation of a monetary policy aimed at reducing inflation rates.

On Thursday morning, October 27, 2022, the Central Bank of Egypt raised interest rates by 200 basis points, during an exceptional meeting, so that the rate of return for deposit and lending overnight became 13.25 percent and 14.25 percent, respectively, and the Central statement included an important paragraph in which it said that: “Reform measures have been taken to ensure macroeconomic stability and achieve sustainable and inclusive growth,

Al-Warraq Island is the largest of the natural islands in the Nile River. A decision was issued in 1998 to consider it as a nature reserve, and in 2017, a decision was issued by the Prime Minister to exclude it from the decision of nature reserves and turn it into an investment area, and in 2018 a decision was issued to establish a new urban complex on its lands.

As we are living in the atmosphere of the extension of the January Revolution, which is not over, as the West and its military men who took power after the coup think, we see successive revolutionary waves erupting at sometimes and fading at others, prevented from reaching their ultimate and the peak of their eruption by the barrier of fear that the regime restored with the massacres of Rabaa, al-Nahda…