Egypt's Economy Faces New Pressures From Gaza War
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Egypt's economy faces new pressures from war in Gaza, including potential hits to tourism and gas imports.
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Egypt was already struggling with foreign currency shortage, high debt, and an IMF program gone off track.
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Before Gaza crisis, tourism was rebounding well, but now seeing some cancellations and slow reservations.
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Egypt relies on Israeli gas imports, which were disrupted due to Gaza conflict.
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Gulf states had shifted from deposits to investments in Egypt, but may provide new assistance.