EGYPT SEEKS MONEY
Egypt is going through a foreign currency crisis and is struggling to pay it debts to international trading partners, among them LNG suppliers.
The currency crisis follows the blow Egypt suffered following the downing of a Russian jetliner on 31 October when flying over the Sinai Peninsula from the Sharam el Sheikh resort to St. Petersburg, Russia. All 224 onboard the flight were killed. Following the incident, tourism to Sharm el Sheikh suffered a sharp decline as European airlines curtailed flights and governments increased security arrangements. ISIS, the terror group which controls large swathes of Iraq and Syria and has an affiliate organisation in the Sinai Peninsula,…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.