This morning in the foreign press: Markets are concerned about the pace of reform here in Egypt. Concerns over our progress in selling assets, including stakes in United Bank and Vodafone Egypt, coupled with fears of devaluation have pushed Egypt’s debt back into distressed territory, Bloomberg reports. “The market feels that progress on IMF commitments is not at the threshold it needs to be,” said one strategist. “In weak markets, weaker credits suffer more.” Meanwhile, Bank of America says that delays in implementing the IMF program will raise the country’s credit risk, describing its current situation as “tenuous.”

Also making headlines: PEN America is calling on the state to release poet Galal El Behairy, the Associated Press reports, while The National thinks UAE residents looking for an affordable spring getaway should put Alexandria on their list.

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