Priced out of protein
How the economic crisis has taken protein out of the mouths of Egyptians.
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How the economic crisis has taken protein out of the mouths of Egyptians.
While Gulf deposits have bolstered Egypt's reserves, vulnerabilities to external creditors remain
Conditions of the loan have made state institutions wary, but the extent of the currency crisis may make it inevitable
Egypt now looks to shore up its foreign assets by turning to the IMF and Gulf nations
The swing in exchange value is the fourth major depreciation of the pound over a one-year period
The congestion has hampered industrial activity ranging from food production to construction
Why didn’t the central bank hike interest rates on Thursday to try and bring back foreign investors?
“Foreign reserves are not sacred; they are there to rely on in times of crisis,” Amer said in May
The decision comes amid a raft of other economic measures
The rate hike aims to curb foreign capital flight from Egypt's bond markets.
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