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Egypt pledges $500 million for Gaza’s reconstruction

Cairo, which is leading efforts to reach a cease-fire in the week-long conflict between Hamas and Israel, has pledged to help rebuild the battered Palestinian enclave. Egypt will provide the Gaza Strip with $500 million to finance its reconstruction following Israel’s bombing campaign against the militant group Hamas. President Abdel …

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Further depreciation of Turkish lira appears inevitable

The surprise US inflation data last week could be the omen of deepening troubles for the Turkish economy. Turkey’s embattled currency appears on course to tumble further in the coming months, as external headwinds threaten to aggravate the country’s entangled economic woes. The Turkish lira — in a fresh downward …

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