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UAE: Egyptians are embarking on harsh economic times

August 18, 2016 at 9:58 am

Egypt is facing a bad economic situation and Egyptians are facing tough measures to get them through, the advisor to the Abu Dhabi crown prince said.

Abdulkhaleq Abdulla stressed that the rise in inflation, budget deficit and the rise of the unemployment rate to 40 per cent would affect all Egyptians.

Abdulla added that the country’s external debt has reached $12 billion.