Thaer Mansour is a journalist based in Cairo, reporting for The New Arab on politics, culture and social affairs from the Egyptian capital.
The fate of hundreds of Egyptian employees who worked for the Kuwaiti group remains unclear in the absence of a decisive labour law.
In Egypt, low and average-income households are heavily crushed by the economic crisis in a country where almost 28 per cent live below the poverty line.
Balashy hailed what he described as "the heroic efforts exerted by Palestinian journalists" as they covered Israel's attacks on Gaza since October.
Prominent political sociologist Sadek Dr Said Sadek argued that "the low-key Egyptian reactions reflect an official policy of no loud outcry."
Azhar called on the world to mobilise efforts and join this "crucial quest" by adopting similar stances "to halt the flow of innocent blood."
Based on the agreement with the IMF, Egypt would benefit from a US$3 billion loan over 46 months under the Extended Fund Facility.
More than 22,800 Palestinians have been killed and more than 58,000 wounded since the Israeli offensive on Gaza first broke out on 7 October last year.
The National Bank of Egypt and Banque Misr are the country’s two major banks where most of the Egyptians' savings are kept.
The relaxing of rules around land sales comes as the Egyptian government tries to overcome a shortage of foreign currency.
Egypt is now officially a member of the Russia-led BRICS economic bloc, at a time when it is facing rampant inflation and an economic crisis