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FinancialNews


  • 02-12-17

    Sinai attack not to affect Egypt economy

    (MENAFN) Following the attack that hit a mosque in Egypt's Sinai, the country has extended its commitment of supporting IMF as agreed a year ago and the economy is likely to get rid of any negative effects impacting it, according to economists.

    More than 300 worshippers were killed in the attack on the mosque in which ISIS claimed responsibility, marking the worst attack of such by militants in Egypt's modern history.

    The attack took place in an isolated spot far away from Egypt's main tourist resorts and economic centers.

    Tourists and investors seem unlikely to be much affected by the attack.

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