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U.S. to withhold Egyptian aid

Aug. 23, 2017 5:57 AM ETVanEck Egypt Index ETF (EGPT)EGPTBy: Yoel Minkoff, SA News Editor16 Comments
  • Due to its failure to make progress on respecting human rights and democratic norms, the U.S. has decided to deny Egypt $95.7M in aid and delay a further $195M, CNBC reports.
  • American officials were especially unhappy that President Sisi allowed a new law governing NGOs to go into effect, which is widely seen as part a growing crackdown on dissent.
  • ETFs: EGPT

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