Egyptian SWF to mitigate Pharaoh’s economic threats?
North Africa’s largest economy Egypt is still battling high inflation rates and a weak economy. Even that the North African gas producer has been very successful lately, looking forward to a re-entrance as an LNG exporter soon, the underlying fundamentals of its economy are still weak. Since the start of the Arab Spring, which brought not only the Muslim Brotherhood to power, resulting in Egypt’s military taking over soon, the economy has been hit by large scale unemployment, extremely high inflation rates and a total shutdown of tourism. Still, some light is at the end of the tunnel.