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Middle East

Egypt's economy struggles amid unrest

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

Last Modified: 11 Jul 2013 19:12
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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.

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Source:
Al Jazeera
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