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MENASource

Feb 3, 2015

The Socioeconomics Behind the al-Nusra Bombings

By Mona Alami

Syria’s Nusra Front has claimed two bombings on Lebanese interests in the last month. The first targeted Lebanese Shia pilgrims in Damascus, Syria; the second was a suicide bombing that rocked Tripoli, Lebanon last January.

Middle East
Syria

MENASource

Feb 3, 2015

Top News: Jazeera reporter renounces Egypt citizenship in bid for release

By MENASource

Jailed Al Jazeera reporter Mohamed Fahmy, an Egyptian-Canadian national, has renounced his Egyptian citizenship, paving the way for his release and deportation under a recent presidential decree.

MENASource

Feb 3, 2015

Top News: Jazeera Reporter Renounces Egypt Citizenship in Bid for Release

By EgyptSource

Jailed Al Jazeera reporter Mohamed Fahmy, an Egyptian-Canadian national, has renounced his Egyptian citizenship, paving the way for his release and deportation under a recent presidential decree.

MENASource

Feb 3, 2015

EconSource: Jordan Central Bank Cuts Rates by 25 bps as Inflation Slows

By EconSource

Jordan’s Central Bank announced it would cut its benchmark lending rates by 25 basis point. This marks the first reduction since last june, following a record build-up in foreign reserves and an improved inflation outlook. The bank attributed its decision to a combination of slowing inflation, the increased attractiveness of dinar-denominated assets and a big […]

MENASource

Feb 3, 2015

The Myth of Libya’s Wealth

By Lydia Sizer

Observing events in Libya since the revolution has often been like watching someone set his dining room table while the house is on fire. Urgent problems go unattended while people try to act as if everything were normal—or at least as if there was no active conflict:

Libya

MENASource

Feb 2, 2015

The Pound’s Inevitable Devaluation Arrives

By Alfred Jasins

Over the past two weeks central bankers in Egypt have been implementing a managed devaluation of the local currency. The Egyptian pound has dropped from 7.14 Egyptian pounds against the dollar on January 18 to roughly 7.60 Egyptian pounds where it stands today. Many analysts expect the local currency to fall even further.  

Economy & Business
North Africa

MENASource

Feb 2, 2015

Top News; Egypt Releases Al Jazeera Journalist; 183 Pro-Morsi Defendants Sentenced to Death

By EgyptSource

Al Jazeera journalist Peter Greste was released from a Cairo jail on Sunday and was deported from Egypt after 400 days in prison. The Interior Ministry said on its Facebook page that President Abdel Fattah al-Sisi released Greste under a decree issued in November authorizing him to approve the deportation of foreign prisoners.

MENASource

Feb 2, 2015

Top News: Egypt frees Al Jazeera journalist Greste, two others still held

By MENASource

Al Jazeera journalist Peter Greste was released from a Cairo jail on Sunday and was deported from Egypt after 400 days in prison. The interior ministry said on its Facebook page that President Abdel Fattah al-Sisi released Greste under a decree issued in November authorizing him to approve the deportation of foreign prisoners.

MENASource

Feb 2, 2015

EconSource: Egypt’s Tourism Revenues up 27 Percent in 2014

By EconSource

According to Egypt’s tourism minister, the country’s tourism revenues in 2014 rose to $7.5 billion from $5.9 billion the previous year, marking a 27 percent increase in revenues from one of the country’s major sectors. The country received 9.9 million tourists in 2014, up from 9.5 million in 2013. Tourist numbers picked up dramatically last […]

MENASource

Jan 30, 2015

Top News: Thirty-Two Killed, Over 100 Wounded in Sinai Attacks

By EgyptSource

At least thirty-two people, including civilians, were killed, and more than 100 wounded Thursday when a series of militant attacks struck North Sinai. In a Twitter account linked to the Islamic State group’s Egyptian affiliate, Ansar Bayt al-Maqdis, claimed the simultaneous attacks. According to initial reports, car bombs and mortar rounds targeted an army base, eight […]