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Caught in the turmoil of the Middle East crisis, the Egyptian economy is holding up.

The closure of the Strait of Hormuz and attacks on regional energy infrastructure are driving up Egypt's gas bill and weakening several of its main sources of foreign currency. But Cairo is also trying to take advantage of its geographical position to become a hub of new trade routes.

Translated from French Read in French

Caught in the turmoil of the Middle East crisis, the Egyptian economy is holding up.

We haven't written up this one. Le Monde Economie has the full story — the link below goes straight to it.

Read the original at lemonde.fr →

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