It’s amazing the difference that $35 billion can make.

Go back to the start of this year, and Egypt — home to 105 million people, and one of the world’s great crossroads of culture and trade — seemed to be teetering on the brink. Interest rates that fell as low as 8.25% two years earlier were surging toward their current 27.25%. Hot money that had temporarily plugged the country’s persistent trade deficit was stampeding for the exits, draining the central bank’s foreign exchange reserves.

QOSHE - Beach Resorts Won’t Save Egypt From Its Next Energy Crisis - David Fickling
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Beach Resorts Won’t Save Egypt From Its Next Energy Crisis

16 1
22.03.2024

It’s amazing the difference that $35 billion can make.

Go back to the start of this year, and Egypt — home to 105........

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