Abu Dhabi Fund for Development Deposits $1 Billion in Central Bank of Egypt

Posted on 08/24/2016

The Egyptian government is running short on cash. The government has a hard time collecting money as it faces a severe shortage in foreign currency. This is due to demands on Egypt’s foreign reserves which took abuse from years of political mayhem instigated by the ouster of former Egyptian President Hosni Mubarak. For example, before […]

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