Analysis-Egypt's stumbling economy faces new pressures from Gaza crisis
Egypt's struggling economy faces new risks as the war in the neighbouring Gaza Strip threatens to disrupt tourism bookings and natural gas imports. Oil-rich Gulf countries, which repeatedly propped up Egypt's finances with deposits over the past decade, had recently shifted to seeking profitable investments instead. The Gaza war on the border with Egypt's Sinai Peninsula comes after the impact of Russia's invasion of Ukraine and the coronavirus pandemic exposed long-standing frailties in the Egyptian economy.
Source: yahoo.com
