Egypt in ‘state of near-emergency’ as conflict threatens economy

The war in the Middle East has pushed Egypt to an economic state of near emergency.

That’s was the warning on Thursday from President Abdel Fattah al-Sisi, over fears of runaway inflation in the import-dependent country.

The conflict between the US, Israel and Iran has seen strikes on Egypt’s Gulf allies and paralysed trade through the Strait of Hormuz.

…