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…