Egypt's economy struggles amid unrest

Country's failing economy likely to get boost after promise of cash handouts from Gulf States.

    Egypt's finances have been in serious decline since an uprising toppled President Hosni Mubarak nearly two years ago.

    Recently ousted President Mohamed Morsi came to power a year ago after country's first democratic votes, but critics says his government was unable to balance the books despite major loans.

    In a major boost for the struggling economy, the interim government appointed by the military has been promised another cash handout from wealthy Gulf states.

    SOURCE: Al Jazeera


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