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US' Arab ally army secretly hoarding cash worth billions amid Iran war fear? | Israel| protest| Trump

Published on Jan 16, 2026 09:50 am IST

Egypt’s deepening debt crisis has drawn fresh scrutiny to reports that the Egyptian army is hoarding billions in cash reserves while the civilian government struggles to meet IMF obligations. The military’s vast, opaque economic empire—spanning gold, infrastructure, land and toll revenues—has intensified concerns over secrecy, lack of oversight, and the burden placed on Egypt’s fragile economy.

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