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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have positive momentum in operating performance: Fresenius Medical Care CEOHelen Giza, CEO of Fresenius Medical Care, joins CNBC's Annette Weisbach to discuss the company's 2024 first-quarter earnings results.
Persons: Helen Giza, Annette Weisbach Organizations: Fresenius Medical, Fresenius
Gazan journalists told CNN they are haunted by their colleagues’ deaths, as they balance the emotional labor of covering the war with trying to protect their families. Israel launched a military assault on Gaza on October 7 after the militant group Hamas, which governs Gaza, killed at least 1,200 people in Israel and abducted more than 250 others. After nearly seven months of war, Abu Dagga told CNN that she, too, wants to leave. The photojournalist for Turkish state broadcaster TRT told CNN he had been traveling through the neighborhood, after being displaced from the local refugee camp. We hope that God will bring him back to us safely.”Whether they report from within the enclave, or elsewhere, Palestinian journalists told CNN they could not turn away from the horrors unfolding in Gaza.
Persons: CNN —, ” Dr, Mahmoud Abu Nujaila, Médecins, Israel, Wael Al, , Mariam Abu Dagga, ” Al, Hamza Al, , Abu Dagga, , Heath, ” Mariam Abu Dagga, Khan Younis, Mohammad Ahmed, Shrapnel, Ahmed, Nobody, ” Ahmed, Adnan, what’s, ” Mohammad Ahmed, Ibrahim Dahman, Rasha, – Zeid, Khalil, ” Dahman, Dahman, Sheikh Radwan, ” Ibrahim Dahman, Saeed Al, Taweel, Alaa Abu Mohsen, Al, Saeed, ” Mohsen, Mahmud Hams, Saba, ‘ Saeed, ’ ”, Jaafrawi, Nidal, Haitham Abdelwahed, Wahidi, Erez, Beit, Mohammed Soboh, Arafat Barbakh, Fadi Wael Abdel Karim Al, ’ ” Fadi, Fadi Organizations: CNN, Awda, Protect Journalists, Independent, AFP, Getty, , Press, Borders, Israel Defense Forces, IDF, Hamas, Ministry of Health, United, United Arab Emirates, TRT, Al, Wafa, Saba Al, Amnesty International, Amnesty, Reuters, Cross Locations: Jabalya, Gaza, Israel, Rafah, ” Al Jazeera's Gaza, Palestine, United Arab, Khan, Egypt, Turkish, Gaza City, Sheikh Radwan, Wadi Gaza, Giza, Cairo, Sheikh, Phoenix, AFP, Israeli
“Gentoo penguins are big climate change winners in the Antarctic,” Heather Lynch told me. Conversely, the more flexible gentoo penguins keep moving farther and farther south, chasing new prey, and even abandoning nests to increase the odds of long-term survival. Julian Quinones/CNNThe gentoo population has exploded by as much as 30,000% in just a few years. Bill Weir/CNNHere lieth the lesson of the camel and the gentoo: Heat will move us, one way or another. I just know River won’t be satisfied without a magic plot twist that somehow saves all creatures great and small.
Persons: Bill Weir, , , , Bill, CNN's, Julian Quinones, Camels, CNN Bill, I’d, ” Heather Lynch, penguins, we’ve, it’s, Xiulin Ruan, CNN Julian Quinones, “ Don’t, Energy's Organizations: CNN, Brooklyn, Central Park Zoo, CNN Penguins, Stony Brook University, gentoo, Purdue, International Energy Agency, Global Locations: Canada, North America, dromedaries, Sudanese, Egypt, Southern Ocean, Antarctica, Manhattan, British Columbia, Yorkshire, England, Phoenix, Japan, Seville, Spain, Miami, Los Angeles, Angeles, Olivia, Colombia, CNN Seville, China, India, Maine
While the city has over 13,000 restaurants, its bar scene has largely been confined to Michelin fine dining, nightclubs, and boozy brunches. Look through the gallery and see the region's other top restaurants, as selected by 50 Best list group. The 50 Best has unveiled its 2024 list of the best restaurants in the Middle East and North Africa (MENA). Al Muntaha, which was recognized by Star Wine List as having the best sparkling wine list in the UAE earlier this year, has 166 labels on its champagne list, including around 60 recently added grower champagnes, says Lacroix. Tina HillierAnd the culture around drinking is largely focused on dining or special occasions, with little in between, says Krister Bengtsson, founder of Star Wine List.
Persons: Lana —, Nicolas Caupain, , boozy, Caupain, Raz Rahav, Tala Bashmi, Em Sherif, Yasmina Hayek, Fawzi Al Mulki, 3Fils, Khufu's, Solemann Haddad, Moonrise, Gregoire Berger, Berger, Himanshu Saini, Pol Roger, Queen Elizabeth II, Winston Churchill, champagnes, Larmandier Bernier, Ulysse Collin, Samuel Lacroix, Al Muntaha, Lacroix, , Josette, Veuve Clicquot, Dom Pérignon, Millau, Lana, Tina Hillier, Krister Bengtsson, it’s, Bengtsson, ” Bengtsson, Jean Imbert, Organizations: CNN, High Society, United Arab, Michelin, Middle, Gulf, Jordanian, Trèsind, Burj, Star Wine, Arabian, BOCA, Michelin Star, Wine, UAE Locations: Dorchester, Dubai, Emirate, Islam, United Arab Emirates, UAE, East, North Africa, Tel Aviv, Tala, Manama's, Bahrain, Beirut, Giza, Cairo, Ossiano, Atlantis, BOBY, Africa, Emirates, Swedish, Dubai’s, Paris, London , New York, French
Egypt's antiquities chief announced a project to restore an ancient pyramid's granite cladding. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA restoration project to cover one of Egypt's most iconic pyramids with granite cladding has produced a decidedly mixed reaction among heritage experts and social media users. The strong reactions have caused Egypt's Ministry of Antiquities to call for a pause to reexamine the project's feasibility, according to the Telegraph.
Persons: , Mostafa Waziri, Khufu, Waziri, Khaled Desouki, Monica Hanna, Hanna, Hussein Bassir, Salima, Egypt's Organizations: Service, Egypt's, of Antiquities, Facebook, Independent, The Telegraph, Independent Arabia, Biblioteca, American University, Egypt's Ministry of Antiquities Locations: Giza, Cairo, Independent Arabia, Suez, Pisa, France
Regent Seven Seas Seas Cruises — NCLH's $73,500 ultra-luxury 4 ½-month cruiseThe Seven Seas Mariner in Kotor, Montenegro. AzamaraAzamara's sold-out 2024 world cruise departed on January 5 from Fort Lauderdale, Florida. Silversea's fares started at $66,000 per person for the least expensive vista suite, cheaper than Regent Seven Seas' cruise of the same length. AdvertisementPrincess Cruises — Carnival Corp's almost four-month $21,100 vacationPrincess Cruises says its 2024 world cruise guests will have an overnight in Dubai and the opportunity to see 25 UNESCO World Heritage Sites. Holland America Line — the four-month roundtrip Florida cruiseThe Zuiderdam's world cruise itinerary includes overnights in places like Tokyo and Aqaba, Jordan.
Persons: , TikTok, Royal, it's, Fares, Azamara, Taj, Azamara Azamara's, Leo Caldas, Cunard, Queen Mary 2, Queen Mary, Queen Victoria, Mary 2, Southhampton, Jennifer Gauthier, would've Organizations: Service, Royal, Business, Oceania Cruises, Norwegian Cruise Line Holdings, Regent Seven Seas, Seas, Regent Seven, Seven Seas Mariner, Cruises —, Getty, San, Cruises, UNESCO, Heritage, Princess, Carnival Corp, Seabourn, Fares, Corp's, Cunard, Holland America Line, Reuters, Holland, Holland America Locations: New York City, Sydney, Australia, Los Angeles, Norwegian, Hawaii, Islands, New Zealand, Asia, East, Europe, Canada, Yangon, Myanmar, Reykjavik, Iceland, Kotor, Montenegro, Miami, Central America, Islands , New Zealand, Bermuda, Oceania, Giza, Fort Lauderdale , Florida, Central, South America, Barcelona, Caribbean, AFP, San Francisco, Southeast, East Asia, Alaska, Dubai, Africa, Piraeus, Greece, Athens, China, Japan, Sri Lanka, Egypt, Jordan, Cairns, Honolulu, Queen, York City, Aruba, North America, Holland, Florida, Tokyo, Aqaba, Holland America
If you’re going to organize a three-year round-the-world cruise, a good first step is probably to acquire a ship. For months, Life at Sea Cruises has been signing up travelers, taking their money and marketing this unusual offering, which it announced in March. Its website, which was promoting the cruise as of Monday, described the ship, the MV Lara, and promised visits to the Great Wall of China, the Pyramids of Giza, Machu Picchu and the Taj Mahal. Prospective passengers might pause before booking, though, when they see that the voyage was already supposed to set sail on Nov. 1. And they may be more alarmed to learn that the ship, under its original name, the AIDAaura, was acquired in mid-November by Celestyal Cruises, not by Life at Sea.
Persons: Taj Organizations: Sea Cruises, Taj Mahal, Celestyal Cruises Locations: China, Machu Picchu
As Ridley Scott’s “Napoleon” opens for Thanksgiving holiday viewing, scenes from the film’s trailers are making waves. That was especially true of a sensational depiction of French troops led by Joaquin Phoenix as the French emperor firing cannons at the pyramids of Giza. “I don’t know if he did that,” Mr. Scott told The Times of London. “From what we know, Napoleon held the Sphinx and the pyramids in high esteem and used them as a means of urging his troops to greater glory,” said Salima Ikram, a professor of Egyptology at the American University in Cairo. “He definitely did not take pot shots at them.”
Persons: Ridley Scott’s “ Napoleon ”, Joaquin Phoenix, Mr, Scott, Napoleon, , Salima Ikram Organizations: Times, American University Locations: London, Egypt, Cairo,
Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. Also this week, a new telescope opened our eyes to a fresh perspective of the universe. ESAThe first five images captured by the Euclid telescope showcase glimmering clusters of galaxies and stars. The telescope, launched in July, was designed to create the most detailed 3D map of the hidden “dark side” of the universe. Sign up here to receive in your inbox the next edition of Wonder Theory, brought to you by CNN Space and Science writers Ashley Strickland and Katie Hunt.
Persons: James Webb, Chandra, Lucy, Campi, Alessandro Carboni ​, Alessandro Carboni, Tibor Litauszki, Galatée, Farouk El, Baz, Yardangs, Leif Ristroph, Ristroph, Koji Murata, Andy Murray’s, Ashley Strickland, Katie Hunt Organizations: CNN, Orion, ESA, Hemisphere, New York University’s Courant, Mathematical Sciences, ” Kyoto, CNN Space, Science Locations: Italy, Naples, Capri, Ischia, Bay, Hungarian, Europe, New York, Sardinia, China
The Gaza war on the border with Egypt's Sinai Peninsula comes after the impact of Russia's invasion of Ukraine and the coronavirus pandemic exposed long-standing frailties in the Egyptian economy. "Foreign sentiment on Egypt is so weak, and now with this coming along it's last thing that Egypt needed. A foreign currency shortage has led to a $5 billion backlog of imports stuck at ports, and problems for foreign companies repatriating dividends, bankers say. So far, the Gaza war has affected the popular Sinai destinations of Taba, Nuweiba, Dahab and Sharm el-Sheikh but left the rest of the country relatively unscathed. Egypt's tourism minister told Reuters this week that the impact of the war was contained to under 10% of bookings.
Persons: Mohamed Abd El Ghany, Monica Malik, Moataz, Sharm, Karim ElMinabawy, Siamak Adibi, Egypt's, Olumide Ajayi, Malik, Patrick Werr, Sarah El Safty, Aidan Lewis, Toby Chopra Organizations: REUTERS, Abu, Tourism, Countrywide, Emeco, Middle East Gas, FGE, United Arab, Thomson Locations: Giza, Cairo, Egypt, CAIRO, Gaza, Ukraine, Dhabi, Taba, Dahab, Luxor, Aswan, Israel, Europe, Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Gulf . Saudi
Now, a new study offers evidence to suggest that theory might be plausible, according to a news release from New York University. … Our experiments could add to the understanding of how these yardangs form,” he said. More on the mysterious Great Sphinx originsWhile the Great Sphinx of Giza has its mysteries — what it originally looked like and why it was made — it is believed that the 66-foot-tall (20-meter-tall) statue was carved out of a single piece of limestone. “There is too much evidence of human intervention in the construction of the Great Sphinx to make the yardang theory feasible,” Ikram said. The New York University researchers said their results suggest that Sphinx-like structures can form under fairly commonplace conditions, but their findings don’t resolve the mysteries behind yardangs and the Great Sphinx.
Persons: CNN —, Farouk El, Baz —, , Leif Ristroph, Ristroph, Baz, Ronald Greeley, Salima Ikram, Ikram, “ It’s, ” Ristroph Organizations: CNN, New York University, Laboratory, New York University’s Courant, Mathematical Sciences, , Lions, Smithsonian, El, Mathematics Laboratory, Mathematics, American University, The New York University Locations: New York, El, Cairo
Egypt’s pyramids host breathtaking new art exhibit
  + stars: | 2023-10-30 | by ( Francesca Perry | ) edition.cnn.com   time to read: +7 min
In one project, a new pyramid structure emerges in wicker; in another, glass sculptures appear to make the ancient pyramids float on water. Organized by Nadine Abdel Ghaffar, the founder and curator of Cairo-based arts firm Art D’Égypte, the event aims to celebrate ancient Egyptian culture through contemporary creativity. “I’ve always been fascinated by the Pyramids of Giza and the entire ancient Egyptian culture — the mysticism around it, the enigmas,” Zeta said. Courtesy CulturVator - Art D'E“Translucent Pyramid” by Saudi artist Rashed Al-Shashai, adds a new, 6m-tall pyramid to the plateau. Conceived as seemingly archaeological fragments of a labyrinth, each one is decorated with perforated motifs taken from historic diagrams of the ancient Egyptian labyrinth.
Persons: Nadine Abdel Ghaffar, D’Égypte, Artur Lescher, , Pilar Zeta, I’ve, ” Zeta, Carole A, Sabine Marcelis, ” Marcelis, Stephan Breuer French, Glass, Costas Varotsos, Rashed Al, Sam Shendi, Azza Al Qubaisi, D'E Rashid Al Khalifa, JR, Organizations: CNN, UNESCO, Bahraini, JR Locations: Giza, Egypt, Cairo, Brazil, Mexico, Argentinian, French, Saudi
Recently, researchers used Lidar to map the pyramid's interior and found previously hidden rooms. AdvertisementAdvertisementIn 1836, Egyptologist John Shae Perring was excavating the Pyramid of Sahure (also known as Sahura) when he noticed a debris-filled passageway. An expert on floor plans for these types of structures, he surmised there might be storage rooms beyond. The hidden storage roomsThe area was so damaged it was impossible to enter, so Perring had no way of knowing if he was right. The pyramid is falling apartPart of the reason the pyramid is in such disrepair is due to the original construction techniques.
Persons: , John Shae Perring, Perring, Ludwig Borchardt, he'd, Mohamed Ismail Khaled, Julius, Würzburg, wasn't, Ra, Borchardt Organizations: Service Locations: Giza, Sahure
CAIRO (AP) — Egypt is seeking to double the number of visitors to the country in the next five years, its top tourism official told The Associated Press. Egypt is aiming at reaching 30 million visitors by 2028, as its once-thriving tourism sector recovers from the fallout of the coronavirus pandemic and the grinding war in Europe following Russia's invasion of Ukraine, Tourism and Antiquities Minister Ahmed Issa said Tuesday. Last year, tourism revenues surged to $10.7 billion, up from around $5 billion in 2021, according to the Egyptian central bank. Such an increase, he said, would help the government achieve its target of 18 million tourist visits in 2024. Issa spoke to the AP from the Egyptian Museum in Cairo, a neoclassical structure built in the late 19th century and the first purpose-built museum in the Middle East and North Africa.
Persons: Ahmed Issa, , ” Issa, Issa, , Hosni Mubarak, Ali Abdel, Halim, Abdel, Marcel Dourgnon, “ It’s Organizations: Associated Press, Antiquities, Egyptian, British Museum, European Union, National Museum of Egyptian, Grand Egyptian Museum Locations: CAIRO, Egypt, Europe, Ukraine, Tourism, Russian, Cairo, East, North Africa, Paris, French
CNN —There are cities, there are capitals and then there is Cairo. Chaotic, enchanting and magnificent, the Egyptian capital is awe inspiring and home to a raw energy that’s all its own. A world-class museumThe Grand Egyptian Museum has been decades in the making. Fadel Dawod/Getty ImagesAway from the bustle of central Cairo is something equally, quintessentially Egyptian. Close to Aswan, around 140 miles south of Luxor, lies Philae, an ancient temple with an equally amazing modern history.
Persons: Khan el, Sui Xiankai, Karim El Hayawan, , , El Hayawan, ” El, , Fadel Dawod, Tayeb Abbas, King Ramses II, Abbas, you’ve, Luke Mackenzie, Tutankhamun, Dr, Betsy Hiel, she’s, Egypt’s, Hiel, Aznar, iStock, “ Philae, Monica Hanna, Hanna, Peter Adams, Isis, Philae Organizations: CNN, Getty, Egyptian, GEM, Kings, UNESCO Locations: Cairo, Xinhua, Luxor, Giza, Salvador, Aswan, Philae, Egypt
Libryia Jones, 44, booked an $83-per-night stay at a viral Giza Airbnb she first saw on Instagram. I saw this Airbnb with views of the Great Pyramid of Giza. They made it look really, really good. 😍😍@Travel Noire @Blacktravelfeed @airbnb @Airbnb Finds ♬ Pharaoh - FaroocAnd they were. Whenever I fly, if I'm going to land after 8 p.m. or 9 p.m., I'm just going to book a hotel that's easy to find.
Persons: Libryia Jones, Jones, I've, ove, sid, ou l, sid e , but, eva, or was s, Jon e, so I, ari Organizations: Service, Uber, usu Locations: Wall, Silicon, Giza, Egypt, Hollywood, Cairo
CNN —The director of Rome’s Colosseum has called for an end to concerts at the nearby Circus Maximus, after a performance by US rapper Travis Scott on Monday sparked fears of an earthquake. Italy’s fire service confirmed to CNN that it received “hundreds of calls” from concerned residents who feared there had been an earthquake in the Italian capital. Now, Alfonsina Russo, director of the head of the Colosseum Archeological Park, has called for an end to performances at the Circus Maximus, the ancient Roman chariot-racing and entertainment venue. “The Circus Maximus is a monument. “Rock concerts should be held in stadiums so as not to endanger public safety.”The Circus Maximus, situated at the bottom of the Palatine Hill near the Colosseum, has become a popular concert venue in recent years.
Persons: Maximus, Travis Scott, , Scott, Kanye, Alfonsina Russo, Russo, Bruce Springsteen, Scott’s Organizations: CNN Locations: Rome, Italian, Palatine, , Giza, Egypt, Houston
It's an opportunity worth watching for investors, and crypto speculators have recently been doing just that. Grayscale Investments recently highlighted three potential risks posed by AI that crypto could potentially limit – identity verification, centralization and data ownership and privacy. Accredited U.S. investors can gain direct exposure to AI-related crypto protocols by investing in private venture fundraising rounds, he added. "So far in 2023, venture capitalists have invested $422 million in crypto applications related to AI, privacy, and identity," according to Grayscale. "In total, the crypto-AI intersection represents more than 10% of total crypto venture capital (VC) funding to date, including two out of the four largest funding rounds."
Persons: , memecoin influencer Elon Musk, Jack O'Holleran, O'Holleran, William Ogden Moore, Andreessen Horowitz, Sam Altman, Smart, We've Organizations: Nvidia, CNBC Locations: U.S, Gensyn
Adventures by Disney is relaunching a 24-day private jet around-the-world tour of its theme parks. In addition to visiting all 12 amusement parks like Tokyo Disneyland and Paris Disneyland, guests will also travel to three iconic landmarks: the Taj Mahal, the Pyramids of Giza and the Eiffel Tower. The private jet has a dedicated flight crew, an in-flight chef, three staff members, and a traveling physician. The two Disney private jet adventures are slated for 2024. The tour will stop in nine locations: Anaheim, California; San Francisco, California; Tokyo, Japan; Shanghai, China; Hong Kong, Agra, India; Cairo, Egypt; Paris, France; and Orlando, Florida.
Persons: Taj Mahal Organizations: Disney, Eiffel, Disneyland Hotels Locations: Tokyo, Paris, Giza, Los Angeles, Orlando, Anaheim , California, San Francisco , California, Japan, Shanghai, China, Hong Kong, Agra, India, Cairo, Egypt, France, Orlando , Florida
Disney is relaunching a 24-day private jet tour of its global theme parks for $115,000 per person. $115,000 Guests will visit 12 theme parks while also taking in sights like the Great Pyramid of Giza. Disney is relaunching its 24-day private jet tour, offering wealthy customers the chance to visit 12 of its theme parks around the world. The "Disney Parks Around The World" tour will take guests to six countries — the US, Japan, China, France, Egypt, and India — on a "VIP-configured" Boeing 757 operated by Icelandair. Travelers have to be at least 12 years old, but Disney also provides a suggested age of 14 and over.
Persons: Becky Cline Organizations: Disney, Boeing, Icelandair, Morning, Walt Disney Archives, Travelers Locations: Japan, China, France, Egypt, India, Giza, Los Angeles, Orlando
CNN —Egypt has announced the discovery of two of the largest workshops ever used to mummify human and animal corpses in ancient times. “Today, we announce the discovery of the two biggest mummification workshops for humans and animals at the Saqqara Necropolis. Amr Abdallah Dalsh/ReutersArchaeologists unearthed tools used by ancient Egyptians to dissect bodies to remove internal organs alongside the canopic jars used to preserve internal organs, Waziri said. ‘Beautiful tombs’Alongside the two workshops, archaeologists also came across “one of the most beautiful tombs” in the necropolis, according to Waziri. In January 2021, archaeologists uncovered a plethora of ancient treasures in Saqqara, including ancient coffins, burial sites and a funeral temple.
REUTERS/Amr Abdallah DalshSAQQARA, Egypt, May 27 (Reuters) - Egypt unearthed human and animal mummification workshops as well as two tombs in the ancient burial ground of Saqqara, officials said on Saturday, marking the latest in a string of discoveries that the country hopes can help revive its vital tourism industry. Mostafa Waziri, the head of Egypt's Supreme Council of Antiquities, told reporters that the two large "embalming workshops" date back to the 30th dynasty (380-343 BC) and the Ptolemaic (305-30 BC) eras. "We found embalming workshops, one for humans and one for animals. We found all the tools that they used (in mummification) in ancient times," Waziri said. Both workshops featured stone beds, clay pots, ritual vessels, natron salt, which is one of the main ingredients for mummification, and linens among other mummification instruments.
FRANKFURT, May 9 (Reuters) - Fresenius Medical Care (FMEG.DE) said on Tuesday labour shortages were slowly easing as the German dialysis specialist reported a drop in its first-quarter adjusted operating income, although not as steep as feared by some analysts. The company said in a statement on Tuesday its adjusted operating income dropped to 354 million euros ($390 million), compared with the median analysts' estimate of 335 million in a consensus posted on the company's website. The dialysis group's parent Fresenius SE (FREG.DE) has said this year it would cede control over the struggling dialysis firm, but keep its stake for now as part of a turnaround plan. Fresenius Medical, which was hit hard by a high rate of COVID-19 deaths among its patients, said this burden was easing, though excess mortality for now continued to weigh on growth. Its parent company, German healthcare group Fresenius (FREG.DE), said on Tuesday its first-quarter operating earnings slipped a currency-adjusted 10%.
With their impressive architecture, scientific knowledge, religious cults, and beautiful artwork, the ancient Egyptians continue to impress historians long after the end of their reign. The pyramids were built by slavesThe Sphinx at Giza in Cairo set against the Pyramid Pyramid of Khafre. That means there may have been sacrifices over a period of about 400 years, while ancient Egyptians ruled for about 3,000 years. His book detailing the life of ancient Egyptians was extremely influential. Many misconceptions that have survived in the lore about ancient Egypt to this day may have found their origins in Herodotus's work.
A photo of one hundred Egyptian pound, one hundred U.S. dollars against the pyramids of Giza in Egypt on January 17, 2023. Fadel Dawod | Getty ImagesThe Egyptian pound has plunged almost 20% against the greenback since the start of the year — with some analysts predicting that the currency may still have room to plummet further. Egypt's pound currently ranks as the sixth worst performing currency since Jan. 1, extending a decline that saw it lose more than half its value during 2022. Egypt's embattled economyHowever, the economic woes plaguing the Middle East's most populous country means its pound still has a way to plummet, according to the experts. He expects Egypt's inflation to peak at around 36% in the third quarter, if there are no more devaluations.
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