Egyptian Military & Destruction of Economy – 2

Source: Egyptian Institute for Studies

Author(s): Abdelhafez Alsawy


VI- Aggravation of the Energy Crisis in Egypt

Reuters News Agency published on Wednesday, December 23rd, 2015, reports stating that the energy crisis in Egypt is continuing indefinitely, which means a dramatic decline in economic activity and increasing recession, unemployment, and poverty. Reuters’ reports also stated that Egypt “is facing difficulty in paying for imports of oil and natural gas under the hard currency crisis”, adding that the Egyptian government canceled purchases and asked the suppliers to extend the payment deadlines.

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