MENASource

EconSource: Egypt Further Eases Restrictions on Foreign Currency

By EconSource

The Central Bank of Egypt (CBE) removed caps on foreign exchange deposits and withdrawals for companies importing essential goods on Wednesday to increase liquidity in the dollar-starved economy.

Top Story: EU, Turkey hope for migrant deal by March 17

European Union leaders hoped early Tuesday they reached the outlines for a possible deal with Ankara to return thousands of migrants to Turkey and said they were confident a full agreement could be reached at a summit next week.

Is ‘In Support of Egypt’ the New NDP?

By Yussef Auf

Soon after the official results of Egypt’s parliamentary elections were announced, vigorous efforts were underway to form a dominant parliamentary coalition. The coalition, In Support of Egypt, emerged in an effort driven by former army general, Sameh Seif al-Yazal—the head of the electoral list, For the Love of Egypt, which swept all 120 list seats […]

Top News: Sisi Addresses Issues in Sinai, Libya in Telephone Interview

By EgyptSource

In a phone interview on Amr Adib’s Al-Qahera al-Youm, President Abdel Fattah al-Sisi called on Egyptians to be patient with the government while discussing development in Sinai, and local and regional security. Sisi outlined development projects in Egypt, including in Sinai. “You do not have enough information about what is going on in Sinai,” he […]

EconSource: War Could Cost Syria $1.3 Trillion by 2020

By EconSource

The prolonged conflict in Syria could cost more than $1 trillion by 2020, according to a report by World Vision and Frontier Economics.

Libya at Another Crossroads

By Mohamed Eljarh

The UN Security Council (UNSC) held a session on March 2 to discuss the situation in Libya, where the UN special envoy to Libya Martin Kobler briefed the Council on the latest political, security, and humanitarian developments in Libya. The session comes as the prospects for success of the UN-led peace continue to diminish due to […]

Top News: Militants attack Tunisian forces near Libyan border, 50 killed

By MENASource

Dozens of Islamist fighters stormed through the Tunisian town of Ben Guerdane near the Libyan border on Monday, attacking army and police posts in a raid that killed at least 50 people, including civilians, the government and residents said. Soldiers killed 33 militants and arrested six, the Interior Ministry said.

Top News: Egypt Accuses Muslim Brotherhood, Hamas of Assassinating Prosecutor

By EgyptSource

Egypt has accused exiled Muslim Brotherhood officials of conspiring with Hamas militants to assassinate Public Prosecutor Hisham Barakat last year and arrested 14 people in connection with the attack. Interior Minister Magdy Abdel-Ghaffar said authorities had arrested 48 members of a Muslim Brotherhood cell intending to undermine security through a series of attacks; 14 had […]

EconSource: Egypt Central Bank Holds Exceptional $500 Million FX Auction

By EconSource

The Central Bank of Egypt (CBE) kept the pound stable at 7.7301 pounds against the dollar at an exceptional auction on Sunday for the sale of $500 million to cover imports of strategic goods, pumping foreign exchange into an economy that has been starved of dollars.

Top News: US drone kills four suspected Al-Qaeda militants in Yemen

By MENASource

A US drone strike killed four suspected Al-Qaeda militants in a car in the southern Yemeni province of Shabwa on Friday, local officials and residents said.