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Abu Dhabi and Riyadh compete to rescue Egyptian economy

To help President Abdel Fattah el-Sisi through Egypt's financial crisis, Saudi Arabia's sovereign fund has announced a series of investments in Egyptian companies, following the lead of Abu Dhabi's ADQ. The two Gulf states are jostling to take the lead on providing financial support to Cairo. [...] (572 words)
Published on 07/09/2022 at 06:00 GMT Reading time 3 minutes

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