The “Japan” of Egypt in crisis

The “Japan” of Egypt in crisisDamietta is one of Egypt’s most productive cities, and is considered the “Japan” of Egypt. The city, however, has been affected by the harsh recession that hit the nation’s economy. Prices of raw materials increased, and caused micro and small enterprises to shut down, leaving behind angry artisans and craftsmen. The Daily News Egypt visits Damietta’s high season of furniture sale to investigate how the business has been affected.

The post The “Japan” of Egypt in crisis appeared first on Daily News Egypt.