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Tuesday, 12 July 2016

What we’re tracking on 12 July 2016: Devaluation is nigh, Abdel Aal heads to Moscow, Solar Impulse 2 is half way to Cairo

The Central Bank of Egypt’s weekly currency auction takes place this morning amid market expectations of a significant devaluation, as we noted yesterday. We have more in Speed Round.

House Speaker Ali Abdel Aal is due to arrive in Moscow today for high-level talks, set to last until Friday.

The solar-powered Solar Impulse 2 should be more than half-way to Cairo by the time we dispatch this morning. Catch the live video feed from its cockpit (often with one of the pilots chattering). The aircraft will take just over 50 hours to fly from Seville, Spain, to Cairo on the second-to-last leg on an around-the-world odyssey to promote clean technologies. The final flight will stretch from Cairo to Abu Dhabi.

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