Researchers in Kenya have said that planting GM maize could save up to $90 million annually in crop losses as well as lead to an additional production of 400,000 MT. A new such seed developed there is very effective against a cause of those losses and could be in the market by 2019 if the government takes certain action. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Egyptian pound (LE) rate versus the USD dropped again to 17.50 or so over the weekend. It had moved higher during the week to about 15.50 when the International Monetary Fund (IMF) loan was said to be approved. The demand for USD by corporations has been very strong, but the banks are still quite short of that currency. It is reported that $1.5 billion have been exc...