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The Arab World

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...

At least 12 migrants die in stormy seas off Libya

 At least 12 migrants died off the coast of Libya Wednesday after they put to sea in stormy weather, the Italian coastguard said, adding that many others might have died in the incident. Some 29 people were rescued when their rubber dinghy started to take in water 25 miles (40 km) north...

Floods in Egypt spark criticism of delays to relief efforts

(Middle East Eye)- Flooding in Egypt has killed 29 civilians and injured at least 73, according to the health ministry, sparking criticism among Egyptians that the government has failed to provide fast relief. .Khaled Megahed, the health ministry spokesman, said on Monday that Thursday’s...