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Egypt

Egypt’s bond market, already red hot, could get even hotter (Archana Narayanan, Bloomberg, Al Jazeera)

Egypt’s red-hot bond market has made it a favorite of emerging-market investors, and they’re counting on another year of big gains.

JPMorgan Chase & Co. will add Egypt – which has $26 billion of eligible government bonds – to a group of indexes this month, setting the market up to receive an influx of cash from passive money managers. Investors have already been enticed by Egypt’s hefty interest rates, which rank as the highest in the world after adjusting for inflation.

Egypt’s bond market, already red hot, could get even hotter | Business and Economy News | Al Jazeera

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Egypt India Pakistan Russia

Militaries of Russia, India, Egypt and Pakistan to hold series of drills this fall (TASS)

ROSTOV-ON-DON, January 11. /TASS/. A series of exercises with the participation of Russian servicemen and their colleagues from India, Egypt and Pakistan will be held this fall, the press service of the Southern Military District told reporters on Tuesday.

“A joint cross-branch Russian-Indian exercise, Indra-2022, is planned to be held on the territory of the Southern Military District. Units of ground forces of Russia and India will practice common training objectives at the Prudboi training ground in the Volgograd Region [in southern Russia]. The naval component of the exercise will take place in the Black Sea,” the press service said.

“In October, units of the Southern Military District will depart to the Islamic Republic of Pakistan for a joint Russian-Pakistani exercise, Friendship-2022,” it said. “Air Defense specialists of the Southern Military District are preparing to hold a joint Russian-Egyptian exercise, Arrow of Friendship on the territory of the Arab Republic of Egypt.”

Also this year, Egyptian sailors and Black Sea fleet warships are to participate in joint maneuvers in the Black Sea, while Russian-Kazakh exercises will be held in the Caspian Sea.

In August 2022, servicemen of the Southern Military District will depart to Algeria to participate in a joint tactical exercise, while Russian Black Sea fleet sailors will practice jointly with their Algerian counterparts in the Mediterranean Sea.
Categorie
Egypt

Egypt: Leading rights group closes citing government persecution (Al Jazeera)

One of Egypt’s last independent human rights organisations has closed down, according to a statement by the group, citing government persecution.

Egypt’s government has engaged in a widespread crackdown on dissent for years that has stifled many of the country’s civil society groups and jailed thousands.

Egypt: Leading rights group closes citing government persecution | Human Rights News | Al Jazeera

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Egypt USA

US accuses New York man of tracking opponents of Egypt’s Sisi (Al Jazeera)

Authorities in the United States have arrested an Egyptian-American man from New York on allegations that he unlawfully worked at the behest of the Egyptian government to track the “political opponents” of the country’s president, Abdel Fattah el-Sisi.

The US Justice Department said it took Pierre Girgis, 39, into custody on Thursday.

US accuses New York man of tracking opponents of Egypt’s Sisi | Crime News | Al Jazeera

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Egypt

Jailed activist Ramy Shaath to be freed from Egypt detention (Al Jazeera)

Prosecutors in Egypt have ordered the release of Egyptian-Palestinian political activist Ramy Shaath, after almost 30 months in detention, according to reports citing judicial and security sources.

The 50-year-old, the son of veteran Palestinian politician Nabil Shaath, was a figure of the 2011 uprising in Egypt and the coordinator of the Egyptian chapter of the Boycott, Divestment and Sanctions (BDS) movement against Israel. He was arrested in 2019 and faced charges of aiding a “terrorist” organisation.

Jailed activist Ramy Shaath to be freed from Egypt detention | News | Al Jazeera

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Egypt

Egyptian defense expo highlights homemade tech to counter small drones (Agnes Helou, Defense News)

An Egyptian company has unveiled its DJ-400 counter-drone system, which jams mini- and micro-UAVs from up to 4 kilometers away.

The Arab Organization for Industrialization showed off its locally produced technology during the Egypt Defence Expo, which ran Nov. 29-Dec. 2.

Egyptian defense expo highlights homemade tech to counter small drones (defensenews.com)

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Egypt

Egypt unveils locally made drones at EDEX 2021 (Agnes Helou, Defense News)

Two locally produced drones have made their debut at the Egypt Defence Expo this week.

The Nut drone, which was co-produced by the Arab Organization for Industrialization and the Military Technical College, can perform tactical reconnaissance missions during the day and night using electro-optical technology.

Egypt unveils locally made drones at EDEX 2021 (defensenews.com)

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Egypt

Egypt used French military support to ‘kill civilians’: Report (Al Jazeera)

Egypt has used intelligence supplied by the French military to target and kill civilians suspected of smuggling, according to a report by investigative website Disclose, based on leaked documents.

French opposition deputies immediately called for a parliamentary committee to be set up to investigate the claims, while Defence Minister Florence Parly ordered her own investigation following the publication of the report on Sunday.

Egypt used French military support to ‘kill civilians’: Report | Abdel Fattah el-Sisi News | Al Jazeera

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Middle East

Qatar, Egypt agree to supply fuel and building materials to Gaza (Al Jazeera)

Qatar and Egypt have signed agreements to supply fuel and basic building materials to the Gaza Strip, the Qatari Foreign Ministry said on Wednesday.

The announcement was made in Oslo by Soltan bin Saad Al-Muraikhi, Qatar’s minister of state for foreign affairs, during a ministerial meeting of the Ad Hoc Liaison Committee (AHLC), the international donor group for Palestinians.

Qatar, Egypt agree to supply fuel and building materials to Gaza | Gaza News | Al Jazeera

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