Egypt's stumbling economy faces new pressures from Gaza crisis

[Collection]Egypt's struggling economy is facing new risks due to the war in Gaza, which could disrupt tourism bookings and natural gas imports. The country, which heavily relies on inflows of short-term portfolio investment, tourism revenues, and remittances, is vulnerable to shocks. The tourism sector, which had been a bright spot, is expected to be affected, although the impact is currently contained to under 10% of bookings. Furthermore, disruption to natural gas imports from Israel is also a potential drain on foreign currency.