ALBAWABA – After Egypt secured a deal with UAE last month to receive $35 billion in a mega investment deal that includes the development of Ras El-Hekma’s coastal region, Cairo announced an interest rate 600 basis-point hike that sent the Egyptian pound on a harsh downward spiral; in hopes to attract more foreign investments. President Abdel-Fattah El-Sisi’s bet to increase interest rates by 27.25 percent and leaving it to markets ...