Egypt

Egyptian billionaire calls for devaluation, warns of ‘disaster’

(Bloomberg) — Egyptian billionaire Naguib Sawiris criticized delays in implementing a long-awaited devaluation of the pound, suggesting the government adapt to the black market spiral to end the country’s chronic shortage of foreign currency. BrainTraders Line Up for Emerging Markets “Once at BetUPS a Generation Will Cut 12,000 Jobs and Rent Five Days a Week Blackstone Builds $25 Billion-Hungry Energy Empire

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