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Egypt still waiting for financial aid despite multiple promises

Posted on 21 August 2012

Since Egypt’s January 2011 uprising, the country has suffered from heavy falls in foreign direct investment (FDI), international foreign reserves (IFR) and tourism revenues.
FDI fell 124 per cent in the first quarter of 2011 against the final quarter of 2010, representing $1.9 billion. IFR, which was almost $36 billion in early 2011, fell to $14.4 billion (including $4 billion in gold bullion) in July 2012………………………………………..Full Article: Source

 
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