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Workers install the curtain wall at the Central Business District (CBD) of Egypt's new administrative capital, 45 kilometers east of Cairo, Egypt, Nov. 22, 2023.The new capital is not only a key project of the China-proposed Belt and Road Initiative but also the largest project constructed by Chinese companies in Egypt.
This photo taken on July 6, 2023, shows Chinese company New Hope Egypt Co., Ltd. in Menoufia provin
By Xinhua writer Shen Danlin CAIRO, July 10 (Xinhua) -- Facing a dollar crisis and consequent spiraling inflation over the past year, many companies and people in Egypt, the most populous country in the Middle East, found themselves in the gutter. Due to successive interest rate hikes in the United States, the spillover effect of the Russia-Ukraine conflict, and a tepid domestic recovery, the Egyptian currency has plummeted by more than 50 percent since early 2022, and the annual core inflation
© Provided by Xinhua by Xinhua writer Shen DanlinCAIRO, July 11 (Xinhua) -- Facing a dollar crisis and consequent spiraling inflation over the past yea
© Provided by Xinhua by Xinhua writer Shen DanlinCAIRO, July 11 (Xinhua) -- Facing a dollar crisis and consequent spiraling inflation over the past yea