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Egypt
Sisi turns to Gulf to ease external debt burden

Egyptian President Abdel Fattah al-Sisi held a press conference after a meeting with French President Emmanuel Macron in Cairo, Egypt, 25 October 2023.
Egyptian President Abdel Fattah al-Sisi held a press conference after a meeting with French President Emmanuel Macron in Cairo, Egypt, 25 October 2023. © Nicolas Messyasz/Pool/Abaca/Reuters
The Egyptian president is negotiating to secure large foreign currency deposits from several Gulf states. Egypt's debt puts it on the back foot in its tug-of-war with the United States and Israel over the acceptance of Palestinian refugees from Gaza into Sinai. [...]
Published on 01.11.2023 at 04:40 GMT Reading time 2 minutes
Finance, Politics

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