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The Egyptian pound is sliding against foreign currencies, inching nearer to 50 per U.S. dollar after a recent hike in subway fares and fuel prices. The currency reached 49.16 to the U.S. dollar ...
[6] [7] Egypt's debt service from debt installments and interest amounted to about US$42.3 billion during 2024, its highest bill ever required to be paid in a single year, after external debt jumped to about US$165 billion and cash reserves did not exceed US$35.2 billion. [3] During the period from 2014 to 2024, Egypt's total external debt doubled.
The war in Ukraine has deepened Egypt’s economic woes. It sent the import-reliant nation's bill for wheat and oil soaring and with it the need for dollars, and crushed tourism from two of its ...
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Egypt has seen hundreds of millions of dollars leave its treasury markets since the Russian invasion of Ukraine last week as investors flee emerging markets for safer pastures, two bankers with ...
Australia's current ambassador to Egypt is Axel Wabenhorst. [3] There is a 100,000 Egyptian diaspora in Australia and 40,000 residents in Australia who were born in Egypt as of 2023 per Wabenhorst in an interview on AhramOnline. [3] There are some Australian forces that monitor the peace treaty between Israel and Egypt in the Sinai. [3]
The Foreign relations of Egypt are the Egyptian government's external relations with the outside world. Egypt's foreign policy operates along a non-aligned level. Factors such as population size, historical events, military strength, diplomatic expertise and a strategic geographical position give Egypt extensive political influence in the Africa, the Mediterranean, Southwest Asia, and within ...