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MENASource

Mar 14, 2016

EconSource: Egypt Devalues Currency to Record Low Against the Dollar

By EconSource

The Central Bank of Egypt (CBE) on Monday devalued the Egyptian pound to 8.85 per dollar from 7.73 and said it would move to a more flexible exchange rate policy, as it sold $198.1 million to local banks in a $200 million exceptional auction.

MENASource

Mar 11, 2016

Top News: UN report sees violations of Libyan arms embargo, ISIS expansion

By MENASource

In their annual report to the UN Security Council, which was released on Wednesday, the experts monitoring UN sanctions against Libya found an array of companies, individuals, and countries supplying arms to factions in Libya, breaking a long-standing arms embargo on the North African country.

MENASource

Mar 11, 2016

EconSource: Tunisia Mounts Charm Offensive to Save Tourism Sector

By EconSource

Tunisia’s tourism heads are seeking to attract more visitors as the country’s tourism sector struggles following major terror attacks that took place last year. “Tunisia is safe,” Tourism Minister Selma Elloumi Rekik said at the ITB travel fair in Berlin on Thursday.

MENASource

Mar 11, 2016

Top News: State TV Anchor Suspended for Anti-Sisi Comments, Again

By EgyptSource

The Head of the Egyptian Union for Radio and Television (ERTU) Essam al-Amir temporarily suspended state TV anchor Azza al-Henawy on Thursday “pending investigation,” for her criticisms of President Abdel Fattah al-Sisi. The decision was based on a report submitted by a committee of senior ERTU officials who examined Henawy’s Sunday episode in which she […]

MENASource

Mar 10, 2016

Ahmed Abul Gheit Chosen as New Arab League Secretary General

By Margaret Suter

The Arab League announced today that it has chosen former Egyptian Foreign Minister Ahmed Abul Gheit as its new Secretary General. The selection of Abul Gheit is in line with what Ahram Online describes as the league’s traditional practice of electing an Egyptian to serve as the head of the 22-member body. He will succeed […]

North Africa

MENASource

Mar 10, 2016

Top News: EU to suspend military cooperation with Egypt

By MENASource

The European Parliament passed a resolution Thursday recommending the suspension of military aid and assistance to Egypt in light of the “abduction, savage torture and killing” of Italian doctoral student Giulio Regeni in Cairo.

MENASource

Mar 10, 2016

Top News: EU Parliament Passes Resolution to Suspend Military Cooperation with Egypt

By EgyptSource

The European Parliament passed a resolution Thursday recommending the suspension of military aid and assistance to Egypt in light of the “abduction, savage torture, and killing” of Italian doctoral student Giulio Regeni in Cairo. The resolution was passed by a majority of EU member states, with 558 voting in favor, 10 against, and 59 abstentions. […]

MENASource

Mar 10, 2016

EconSource: Egypt May Start Talks with IMF Amid Dollar Shortage; Amer Denies

By EconSource

Egypt is preparing to start loan talks with the International Monetary Fund (IMF), an anonymous senior government official said Wednesday. The size of the loan Egypt has not yet been determined yet.

MENASource

Mar 9, 2016

Top News: Houthis and Saudis agree on border truce and prisoner swap

By MENASource

Houthi militants have freed a Saudi soldier in return for seven detained Yemenis as part of a tribal-mediated border truce agreed by both sides, the Saudi-led coalition said Wednesday.

MENASource

Mar 9, 2016

Top News: Egypt Parliament Approves New Bylaws

By EgyptSource

Egypt’s parliament approved on Tuesday its new internal bylaws that will regulate the conduct of MPs over the next five years. Over the past three months, since parliament’s first session, the proceedings were regulated by the 1979 bylaws. At the end of the debates on Tuesday, parliament speaker Ali Abdel-Al said that “this is parliament’s […]