though only moderately

though only moderately

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in the 2023-2024 financial year, owing to repeated Houthi attacks on ships navigating the Red Sea.2 Tourist flows to Egypt were also affected, though only moderately and for a short period. The United Nations Development Programme (UNDP) estimated that, due to the war, Egypt’s combined revenues from the Suez Canal and tourism could shrink by up to $13.7 billion over the 2023–2024 and 2024–2025 fiscal years.3 In response, Egypt’s Western and Gulf allies rushed to salvage its cash-strapped economy. Between February and March 2024, the United Arab Emirates (UAE) invested $35 billion in Egypt to develop the Ras el-Hikma region on its Mediterranean coast. The IMF expanded its 2022 สล็อตเว็บตรง