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Jerusalem Post/Middle East

Egypt: How a once fabulously wealthy nation became mired in financial crisis

Today the once fabulously wealthy African country has become an economic basket case unable to finance its foreign debt of about $165b nor feed its burgeoning population of 114 million people.

 Egyptian President Abdel Fattah el-Sisi visits the memorial and performance grounds after his swearing-in ceremony for his third term in the New Administrative Capital (NAC) in the east of Cairo, Egypt, on April 2.
Egyptian President Abdel Fattah el-Sisi visits the memorial and performance grounds after his swearing-in ceremony for his third term in the New Administrative Capital (NAC) in the east of Cairo, Egypt, on April 2.
(photo credit: THE EGYPTIAN PRESIDENCY/REUTERS)
ByGIL ZOHAR
JUNE 3, 2024 12:31
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Egypt|
Abdul Fattah al-Sisi|
history|
economy


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