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Egypt: ‘Urgent need to devaluate local currency by over 20%’, report
The Egyptian pound needs to weaken about 23% to help the economy adjust and reduce Egypt’s funding gap, according to Bloomberg Economics. The world’s biggest banks say the Egyptian local currency is too expensive, but [ More … ]
Sudan cannot resort to maritime arbitration over Halayeb dispute: expert
A Sudanese expert on international law and border disputes Saturday strongly contested Sudan’s ability to take Egypt to International Tribunal for the Law of the Sea (ITLOS) over the disputed Halayeb area, according to Sudan [ More … ]
Egypt: 7 people arrested for protesting home demolitions in Warraq Island
The Egyptian police have arrested seven people who were protesting demolition of their homes in the strategic Nile island of Warraq The Egyptian authorities have earmarked more than 2,000 homes in Warraq Island for demolition [ More … ]