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BREAKING
Al-Saadi: There were concerns that Lahham would be placed under administrative detention.
Al-Saadi: The Israeli occupation authorities could not prove any allegations leveled against Nasser Lahham.
Lawyer Oussama al-Saadi: The oppressive Israeli measures of delaying Lahham's release had vengeful motives.
Nasser Lahham's lawyer said the journalist was released without any conditions or restrictions, adding that the conditions in which he was kept were terrible.
The Israeli occupation authorities release Al Mayadeen Palestine bureau chief Nasser al-Lahham.
Local Syrian sources: An Israeli airstrike targeted a tank and artillery battalion in the city of Izraa in the Daraa countryside
Al Mayadeen's correspondent in eastern Lebanon: 12 martyrs and 5 wounded in Israeli raids targeting the outskirts of Wadi Fa'ra in the northern Bekaa Valley
Local Syrian sources: More than 10 Israeli raids targeted Sweida, with information about more than five casualties from the Internal Security Forces
Local Syrian sources: Initial reports indicate that approximately 15 people were killed or wounded at the al-Radwan family's guest house in Sweida following a direct exchange of gunfire
Israeli media, citing Israeli political sources, reported that the Shas movement is expected to withdraw from the government within less than 24 hours

Egypt presidential election to take place on December 10-12

  • By Al Mayadeen English
  • Source: Agencies
  • 25 Sep 2023 21:23
3 Min Read

Egypt will be voting for President starting December 10 with the elections lasting through December 12, with only two candidates declaring their intention to run thus far.

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  • A man reads a newspaper in Cairo, Egypt, Sept. 8, 2022 (AP Photo/Amr Nabil)
    A man reads a newspaper in Cairo, Egypt, on Sept. 8, 2022 (AP Photo/Amr Nabil)

Egypt has announced plans for a presidential election to take place from December 10 to 12, as the nation grapples with quite a tough economic crisis.

Although President Abdel Fattah El-Sisi, who has been president for nearly 10 years, has not yet formally declared his candidacy, state-backed media has already disseminated messages of support from pro-government entities.

El-Sisi, 68, initially assumed office in 2014 following his role in the ousting of then-President Mohamed Morsi. He later secured a landslide victory in the 2018 election, defeating one of his own supporters.

Only two other candidates have expressed their intention to participate in this upcoming election thus far, including opposition figure Ahmed al-Tantawi, who claims he was harassed constantly by security forces.

The election was originally anticipated to take place in the spring of 2024, but it has been moved up, with some experts suggesting this shift is intended to precede a potential transition to a more flexible exchange rate, a move that could further exacerbate social tensions in Egypt, and its population of 105 million.

Read next: Egypt to build 35 more natural gas wells in 2 years for $1.5 billion

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The candidacy application period is set to open in October, and the final candidate list will be confirmed by November 9.

Campaigning will continue until November 29, with the election winner to be announced on December 18, as announced by Judge Walid Hassan Hamza, Chairman of the National Election Authority.

Perilous situation

In a sequence of devaluations that began in March 2022, the country's currency has depreciated by 50%, leading to a surge in consumer prices in this import-dependent economy.

Last year, the International Monetary Fund granted Egypt a $3 billion loan on the condition that the country adopts a flexible exchange rate regime as a permanent shift.

Despite this, the government has maintained a fixed exchange rate of roughly 31 Egyptian pounds to the US dollar since January. However, prices have continued to soar due to a thriving parallel currency market driven by a severe shortage of foreign exchange.

In August, annual inflation hit a record high for the third consecutive month, reaching 39.7 percent.

To mitigate the economic challenges, President El-Sisi's administration has introduced a series of social protection measures and minimum wage increases.

  • Egypt
  • Abdel Fattah el-Sisi
  • Egyptian Presidential Election

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