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Tag Archives: President Sisi

IMF Urges Egypt to Watch Inflation After New Subsidy Cuts

The International Monetary Fund urged Egypt to maintain a tight monetary policy as a new round of subsidy cuts rekindled inflation worries. The Washington-based lender praised Egypt’s implementation of economic reforms as “instrumental in achieving macroeconomic stabilization, with external and fiscal deficits narrowing, inflation and unemployment declining, and growth accelerating.” At the same …

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Egypt Widens Security Crackdown as Concerns of Unrest Grow

Egypt’s government has intensified a crackdown on political opponents, arresting a series of high-profile dissidents in raids on their homes in recent weeks as President Abdel Fattah Al Sisi prepares to begin a new term next month. Those detained in the current sweep are among the country’s most prominent non-Islamist activists, including …

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Sisi names new chief of staff

Egyptian President Abdel Fattah Al-Sisi on Saturday named a new armed forces chief of staff, AFP reported. He appointed former defense ministry secretary general Mohammed Farid Hegazy to the post, the presidency announced, without providing a reason for the change. His predecessor Mahmoud Hegazy, who had held the post since …

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President Sisi arrives in Saudi Arabia

THE LEVANT – Egypt’s President Abdel-Fattah el-Sisi met late Sunday in Saudi Arabia with one of his strongest international supporters, King Abdullah, to talk about key security issues impacting the region. Saudi Arabia’s monarch has given Egypt at least $12 billion in aid to buoy its economy after the military, led …

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