Tag: devaluation

Sisi’s fridge and Egypt’s frosty economy

By Khaled Diab A gaffe by Egypt’s president about his refrigerator reveals just how much Egyptians have cooled towards Sisi and his chilling economics. Monday 7 November 2016 You could say that Egypt has had its very own Watergate. But…

Egypt’s dollar woes

Hopes are devaluation will resolve Egypt’s dollar crisis, but the situation could spin out of control without a global currency for international trade