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MENASource

Jan 14, 2015

An Economic Rebound in Egypt

By MENASource

The past four years in Egypt have wreaked havoc on the country and the ouster of former president Mohamed Morsi by the military in July 2014 in addition to the subsequent crackdown on dissent left many feeling that the political process has all but fallen apart. Despite the Egyptian leadership’s heavy-handed approach in dealing with political […]

North Africa

MENASource

Jan 14, 2015

Abu Hasira: Between Religious Intolerance and Political Squabbles

By Sonia Farid

The Abu Hasira Festival, an annual celebration in Egypt commemorating the birth of a Moroccan Rabbi, was canceled permanently by court order in December 2014. The Alexandria Administrative Court, which issued the verdict, cited “moral offenses” as the main reason for cancelling the festival. It also ordered the removal of the shrine from Egypt’s list […]

North Africa

MENASource

Jan 13, 2015

Top News: Mubarak and Sons to be Retried for Embezzlement

By EgyptSource

Former Egyptian president Hosni Mubarak and his two sons will be retried in the ‘presidential palaces’ embezzlement case after the Court of Cassation accepted their appeal on Tuesday. Mubarak, his sons Gamal and Alaa, were sentenced to three years in prison on charges of embezzling funds allocated for developing communications centers at the presidency. 

MENASource

Jan 13, 2015

Top News: Turkey says Paris attacker’s partner crossed into Syria

By MENASource

The suspected female accomplice of Islamist militants behind attacks in Paris was in Turkey five days before the killings and crossed into Syria on January 8, Turkish officials said on Monday. France launched a search for 26-year-old Hayat Boumeddiene after police killed her partner Amedy Coulibaly while storming a Jewish supermarket where he had taken […]

MENASource

Jan 13, 2015

Signs of Investor Optimism in Egypt

By Alfred Jasins

Despite the political and economic issues that continue to plague Egypt, the country’s benchmark stock market index, the EGX 30, was up 32 percent (or 28 percent in USD-terms) in 2014. This led not only regional markets but outperformed nearly all major markets globally, lagging only behind exchanges in Argentina and China.

North Africa

MENASource

Jan 13, 2015

EconSource: Tunisia: Insufficient Tax Revenue in 2014

By EconSource

Tunisia’s Minister of Economy and Finance Hakim Ben Hammouda called the tax resources mobilized in 2014 estimated at an amount of 19 billion dinars insufficient. At a meeting on provisions of the Finance Act for 2015, he added that budget resources could reach 80 percent in 2015 and 85 percent in 2017 against the 70 […]

MENASource

Jan 12, 2015

EconSource: Foreign Investment in Egypt Will Reach $2 Billion in Second Quarter

By EconSource

According to Egyptian investment minister, foreign investment in Egypt will reach about $2 billion in the second quarter of the fiscal year, up from $1.8 billion dollars in the previous quarter. Egypt is preparing a new unified investment law and holding an investment conference in the resort city of Sharm el-Sheikh in mid-March, hoping to […]

MENASource

Jan 12, 2015

Top News: Suicide Attack in Pro-Assad Neighborhood in North Lebanon Kills at Least Seven

By MENASource

A grenade attack followed by a suicide bombing struck a coffee shop Saturday night in the pro-Assad neighborhood of Jabal Mohsen in the northern Lebanese city of Tripoli, killing at least seven people and wounding more than thirty.

MENASource

Jan 12, 2015

Top News: Court Acquits Twenty-Six Men in ‘Gay Bathhouse’ Case, Prosecution to Appeal

By EgyptSource

Twenty-six Egyptian men were found innocent of debauchery after being arrested for allegedly holding gay orgies in a Cairo bath house as Egypt’s forensic authority was unable to determine whether or not the defendants were involved in “homosexual acts.”

MENASource

Jan 12, 2015

Stalled Reform in Egyptian Journalist Syndicate: A Sign of Larger Media Malaise

By Miriam Berger

When the 2011 revolution broke out, the Egyptian Journalist Syndicate (EJS) stayed silent and kept its doors shut. The only constitutionally-allowed professional body for journalists did not condemn attacks on media or intervene to help those reporting in the street. In the euphoric and chaotic months that followed, many journalists rallied behind long-standing calls for […]

North Africa