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MENASource

Nov 18, 2015

EconSource: World Bank Expects to Pay $1 Billion Loan to Egypt

By EconSource

The World Bank expects to make a $1 billion development policy loan available to Egypt in December, the Bank’s Vice President for the Middle East and North Africa Hafez Ghanem said.

MENASource

Nov 18, 2015

Top News: Egypt Says Reason for Plane Crash Unconfirmed; Russian Newspaper Says Bomb Was in Main Cabin

By EgyptSource

Egypt said on Tuesday it would take into account Russia’s conclusion that a bomb brought down a passenger plane over the Sinai Peninsula last month but its investigation had so far found no evidence of criminal action.

MENASource

Nov 17, 2015

What’s Wrong with the Egyptian Pound?

By Mohsin Khan and Elissa Miller

Recent movements in the exchange rate have generated considerable commentary and speculation in the media  and the public about what’s going on with the Egyptian pound and where it is headed. Historically, Egyptian policymakers, and in particular the Central Bank of Egypt (CBE), have placed a high premium on the stability of the values of […]

North Africa

MENASource

Nov 17, 2015

Top News: United States and Turkey Launch Operation to Take Border with Syria

By MENASource

US President Barack Obama rejected calls for a US-led ground invasion in Syria on Monday. In the wake of the deadly attacks in Paris on Friday, public pressure for a strong military intervention in Syria has risen steeply. The president insisted that a patient approach was needed and committed the United States only to “intensify” […]

MENASource

Nov 17, 2015

ISIS and the Paris Attacks, ‘An Act of War’

By Nabeel Khoury

The words of French President Francois Hollande, commenting on the Paris attacks still unfolding at the time of his statement, resonated with many here in the United States where similar words were used after 9/11. Those in Washington will recall telling the White House that what happens in Syria (and the Middle East) does not […]

Middle East Syria

MENASource

Nov 17, 2015

The Motives behind Salah Diab’s Arrest and Release

By Khaled Dawoud

Four days after Salah Diab’s surprising arrest, the Egyptian businessman and co-founder of one of Egypt’s largest daily newspapers was released. The decision came just one day after the courts had ordered Diab, together with his son Tawfik, detained for another fifteen days on charges of possession of unlicensed weapons. The questions remain: why was […]

North Africa

MENASource

Nov 17, 2015

Top News: Russia Confirms Bomb Downed its Plane Over Egypt; Cairo Yet to Comment

By EgyptSource

Russia said Tuesday that a passenger plane that crashed in the Sinai desert last month was brought down by “a terrorist act.”

MENASource

Nov 17, 2015

EconSource: United States Approves Sale of $1.3 Billion in Guided Bombs to Saudi Arabia

By EconSource

The United States has approved the $1.3 billion sale of bombing munitions to Saudi Arabia as the Gulf state’s air force strikes rebel targets in Yemen. The State Department said the deal “replenishes” weapons stocks that are being depleted in Saudi counterterrorism operations.

MENASource

Nov 16, 2015

Factbox: Egyptian Reactions to the Paris Attacks

By Elissa Miller and Brandan Martini

Three coordinated teams of terrorists carried out simultaneous attacks at locations throughout Paris late Friday, including the Stade de France, a concert hall, and at least two restaurants. The attack, claimed by the Islamic State (ISIS or ISIL), left at least 129 dead and over 300 wounded. Numerous countries, including Egypt, condemned the attacks and […]

North Africa

MENASource

Nov 16, 2015

Top News: After Paris Attacks, French Jets Pound ISIS

By MENASource

French fighter jets struck areas controlled by ISIS in Syria on Sunday as European police widened investigations into a series of coordinated attacks in Paris. President Bashar al-Assad said in response to the Paris attacks, “We said, don’t take what is happening in Syria lightly. Unfortunately, European officials did not listen.”