Egypt’s Economy Hard Hit by Gaza War [Business Africa]

The Egyptian economy, already struggling for several years, has been severely impacted by the war in Gaza. The escalation of the conflict between Israel and its neighbors has become yet another obstacle to economic reforms and development in Egypt.

A UN report estimates that the total economic cost of the Gaza war for the Egyptian economy will reach between $5.6 billion and $19.8 billion over the current and next fiscal years…