What comes first, another currency devaluation or a wave of Gulf investment? Cash strapped Egypt is racing to resolve that dilemma and secure critical.
Cash-strapped Egypt has created a golden opportunity for Gulf countries to acquire significant assets in major Egyptian companies, as Cairo awaits a new $3 billion bailout loan from the International .
Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its coffers by selling state assets to wealthy
Cash-strapped Egypt increased transit fees Tuesday for ships passing through the Suez Canal, one of the world’s most crucial waterways, with hikes of up to 10%, officials said. The Suez Canal Authority said on its website the increases were “in line with the significant growth in global trade” and cited the canal’s “development and enhancement…