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Gov’t reconsiders establishing sovereign wealth fund
The government is reconsidering establishing a sovereign wealth fund to manage the state’s underutilized assets, Al Mal reported. The government…
Politics
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Mahmoud El Alaily appointed new FEP head
Mahmoud El Alaily was announced on Friday as the new president of the Free Egyptians Party, following an uncontested election,…
Court rescinds order to release Hassan Malek
A criminal court accepted yesterday an appeal against the release of Ikhwan businessman Hassan Malek and renewed his detention for…
El Sisi ratifies protest law amendments
President Abdel Fattah El Sisi signed off yesterday on amendments to the protest law passed by the House of Representatives…
No tension between Cairo and Riyadh over Tiran and Sanafir -Deputy Crown Prince
There is no tension between Cairo and Riyadh over the Tiran and Sanafir islands, and the demarcation agreement does not…
Hamas cuts ties with Ikhwan
Hamas has cut its ties with the Ikhwan, leader Khaled Meshaal said while presenting the group’s policy document in Qatar…
Egypt cancels seven-year treasury bond, bankers speculate rates were too high
The central bank cancelled a seven-year treasury bond sale on Sunday, according to Reuters. “The central bank and the finance…
Customs exchange rate kept at EGP 16.5 per USD 1
The Finance Ministry has kept the customs exchange rate unchanged at EGP 16.5 per USD 1 for May, Deputy Finance…
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