Analysts have not yet wished to estimate showing that how large the heavily oil-, gas-and tourism-oriented economy suffered damages. It is not enough to avoid the tourists from far away countries, a significant drop in foreign trade, and investors have begun to evacuate their money. Last year, the U.S. exported to Egypt for only about $ 5.5 billion, a 12 percent drop from a year earlier. Several American companies directly withdrew from the country. The volume of foreign direct investment steadily declining since 2007. According to the World Bank data, only in 2011 (the most recent data are) left 483 million dollars to Egypt.
Posted on: Tue, 20 Aug 2013 09:35:23 +0000
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