[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
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
Referendum on Scottish independence is the first major election in the UK where 16 and 17-year olds get a vote.
Blogger critical of a lack of government transparency faces defamation lawsuit from Prime Minister Lee Hsien Loong.
Farmers worry about their future as buyers shun local produce and rivers show an elevated presence of heavy metals.
War-torn neighbour is an uncertain haven for refugees fleeing Pakistan's Balochistan, where locals seek independence.
NSA whistleblower Snowden and journalist Greenwald accuse Wellington of mass spying on New Zealanders.
join our mailing list