The US government’s decision to cancel aid to Egypt “prompted suggestions that the Middle Eastern country may have become little more than a bargaining chip in a wider strategy to apply to North Korea,” CNBC says. While some have cast off the theory for sounding too rich in foresight for the Donald Trump administration, others believe that “this suspension goes against what we have been seeing from the US in recent months,” which could mean it spawned from the rising tension between Trump and the Kim Jong-un regime.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…