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Egypt Free Floats Its Currency, Devaluing It Against the Dollar

(Wall Street Journal)- Egypt’s central bank said Thursday it would freely float the local currency, in a move aimed at eliminating a flourishing black market for dollars after the cash-strapped government secured loans to boost its reserves. The National Bank of Egypt, the country’s...

Putin Offers Pause in Syria Fighting to Allow Rebels Safe Exit

(Time)- The Russian president on Wednesday offered a new unilateral humanitarian pause for Syria’s war-ravaged Aleppo, urging rebels to use it to leave the city’s eastern, besieged districts. The Syrian rebels quickly dismissed Vladimir Putin’s initiative. Later in the day, at least...

ISIS leader rallies his fighters in Mosul

 Extremist leader Abu Bakr al-Baghdadi called on his fighters to resist as Iraqi forces were poised Thursday to enter the city of Mosul where he declared a "caliphate" two years ago. The appeal was made in an audio recording released on the Internet and purported to be by the elusive...

Turkey-Syria border wall to be 'completed' by mid-2017

Construction of a concrete wall along the Turkish-Syrian border will be completed in the first half of 2017, Turkey's Defense Minister Fikri Isik said Wednesday. Speaking during a visit of the border units in the southern province of Hatay, Isik said that almost 270 kilometers (167 miles) of...