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Egypt denies allegations of participating in any process involving displacement of Gazans into Sinai

Egypt denies allegations of participating in any process involving displacement of Gazans into Sinai

EGYPT categorically denied allegations of participating in any process involving the displacement of Palestinians in the Gaza Strip into the Sinai Peninsula, the country's State Information Service (SIS) said. Four sources told Reuters that Egypt, as a precautionary measure, is preparing an area at the Gaza border which could accommodate Palestinians in case an Israeli offensive into Rafah prompts an exodus across the frontier. The news was also reported by other outlets, including the Wall Street Journal. "Egypt's decisive stance since the beginning of the aggression ... is to completely reject any forced or voluntary displacement of Palestinian brothers from the Gaza…
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Egypt’s stumbling economy faces new pressures from Gaza crisis

Egypt’s stumbling economy faces new pressures from Gaza crisis

EGYPT'S struggling economy faces new risks as the war in the neighbouring Gaza Strip threatens to disrupt tourism bookings and natural gas imports. Oil-rich Gulf countries, which repeatedly propped up Egypt's finances with deposits over the past decade, had recently shifted to seeking profitable investments instead. Now they may step up assistance once more, analysts and bankers say. 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. Egypt had relied heavily on inflows of short-term portfolio investment, tourism revenues…
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