[QODLink]
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
Email Article
Print Article
Share article
Send Feedback

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.

66

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
Country
City
Featured on Al Jazeera
Ukrainians living in Russia are choosing to keep a low profile amid high tension between the countries.
Mother of jailed Al Jazeera journalist Abdullah Elshamy says her son's ordeal highlights the value of press freedom.
French Jews and Muslims say recent National Front victories in mayoral races reflect rising xenophobia.
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
Featured
Survivors of Bangladesh garment factory collapse say they received little compensation and face economic hardship.
As Iraq prepares to vote, deadly violence is surging. But at the site of one bomb attack, people insist life must go on.
French Jews and Muslims say recent National Front victories in mayoral races reflect rising xenophobia.
Up to 23,000 federal prisoners could qualify for clemency under new Justice Department initiative.
After years of rapid growth, Argentina is bracing for another economic crisis as inflation eats up purchasing power.
join our mailing list