HoR-HSC-Constitutional-Committee-in-Hurghada-Egypt-end-meeting

Egypt: 11% increase in value of exports to Germany during 1st half of 2024

On Wednesday September 11, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported an increase in Egyptian exports to Germany. In the first half of 2024, Egyptian exports to Germany totaled $463 million, up 11% from $417 million during the same period in 2023. Egyptian imports from Germany also rose, reaching $2 billion in […]

France moves to streamline return of looted African art under new restitution bill

In a landmark move, the French government has unveiled a new bill aimed at simplifying the return of cultural artifacts taken during the colonial period. Introduced by Culture Minister Rachida Dati, the legislation would allow items looted between 1815 and 1972 to be returned by government decree, bypassing the need for time-consuming parliamentary votes. The […]

Egypt: Dwindling reserves leading to Pound devaluation

The devaluation of the Egyptian pound seems more and more probable after foreign reserves dropped for the third consecutive month, as shown by the Central Bank data. The foreign reserves have fallen from $20 billion in June to $16 billion in September according to the central bank. The current amount could cover only 3.3 months […]