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Egypt’s Nightmare

(Foreign Affairs)- On January 25, 2011, tens of thousands of Egyptians took to the streets, demanding an end to the nearly 30-year rule of President Hosni Mubarak. Eighteen days later, Mubarak stepped down. In Tahrir Square, the crowds cried, “Lift your head high, you’re an Egyptian.”...

Egypt pound falls more against dollar on black market

The Egyptian pound has fallen further against the U.S. dollar, now trading at more than 16 pounds to the greenback, local forex traders said Wednesday. Traders, who preferred anonymity due to security concerns, told Anadolu Agency that the dollar was now selling at a record high of 16.25...