Covid-19 pandemic and the war

By early 2022, years of economic mismanagement and faulty planning, coupled with the adverse effects of the Covid-19 pandemic and the war in Ukraine, had led to a grave economic crisis in Egypt. This crisis, arguably Egypt’s worst in decades, involved a serious liquidity shortage, mounting debt, multiple currency devaluations, soaring inflation, and market volatility. The conflict in Gaza rubbed salt into the wounds of Egypt’s socioeconomic injury. Israel briefly suspended natural gas exports to Egypt on safety grounds, leading to hours of power cuts across the country. Additionally, Suez Canal transit revenues, a main source of foreign currency for Egypt, dropped by almost a quarter สล็อตเว็บตรง