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Sunday, 9 October 2022

Egypt in the News: NYT scrutinizes the new capital

Funding the new capital: The New York Times is out with a feature examining what it thinks is the USD 59 bn cost of the new capital as the country struggles with rising inflation and interest rates. With the government issuing high-interest bonds to help cover the cost, the Gray Lady is worried about the risk of default.

Also making headlines:

  • An online petition demanding the repatriation of the Rosetta Stone from the UK has gathered some 2.5k signatures so far. (Reuters)
  • Replanting mangroves is one way to combat the impacts of climate change. (AFP)
  • Our human rights record is getting attention from the United Nations (Statement | AP) and the Wall Street Journal.

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