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Thursday, 12 January 2023

The weakening EGP + A foiled statue grab

Dominating the conversation on Egypt in the foreign press this morning: Yesterday’s exchange-rate volatility, which saw the EGP fall to a fresh record low of EGP 32.2 against the greenback, before recovering in late trading. We have the full story in this morning’s news well, above.

The Red Sea makes for a perfect getaway — from the UK’s cost of living crisis: A retired British couple tell the Independent that they’re saving money by turning off the heating at home and coming on holiday to Egypt, after taking up an Easyjet all-inclusive GBP 650 offer to spend the month of January in a Hurghada resort.

The Egyptian Job: Three men were arrested in Luxor for their alleged attempt to steal a 10-ton statue of Ramses II from Aswan, the Public Prosecution said yesterday. The suspects had “manual tools and heavy equipment” including a crane in their possession, according to the statement. AFP and the National have the story.

Also making headlines:

  • Egyptian comic artist Deena Mohamed’s debut graphic novel Shubeik Lubeik gets a glowing review from The New Yorker.
  • What’s for dinner? As poultry prices rise on the back of import woes, Egyptians are reportedly eating less chicken or switching to cheaper cuts. (The National)
  • More women DJs are breaking into Egypt’s male-dominated dance music scene. (AFP)
  • A palimpsest of festive traditions: A photo essay shows how Christians and Muslims in the village of Al-Sherif have created a unique five-day Christmas festival. (VOA)

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