“Peace must come to the Holy Land,” proclaimed US President Barack Obama on Wednesday after stepping down on to the tarmac at Ben Gurion Int’l Airport. “We will never lose sight of an Israel at peace with its neighbors,” Obama insisted, making clear his determination to again try to revive the moribund peace process
President Shimon Peres welcomed United States President Barack Obama to Israel on Wednesday. “Your generosity enabled freedom to prevail all over the world,” he told him. Peres began, “President Barack Obama, dear friend, welcome to Israel. We welcome you as a great president of the United States of America. As a remarkable world leader.
Egypt's parliament approved on Tuesday a law allowing the issuance of Islamic bonds which could provide the heavily-indebted government with a new form of finance. The Islamist-led upper house voted in favor of the law that was passed by the government on Feb. 27 and sent it to President Mohamed Mursi for final approval.
Arabs in Bethlehem had a “warm welcome” for American officials who on Monday came to prepare for President Barack H. Obama's visit to the city Friday, by throwing shoes and garbage at the vehicles in an entourage from the U.S. Consulate in Jerusalem. Hundreds of Arabs mobbed the vehicles outside the Church of the Nativity,
Egypt rejected on Monday any link between stalled parliamentary elections and its drive to secure a loan from the IMF as it struggles with a budget and foreign currency crisis. Talks on Sunday between Prime Minister Hisham Kandil and atop International Monetary Fund official produced no agreements on anything specific, but had paved the
Egypt has frozen the assets of23 businessmen pending investigations into alleged stock market manipulation during the sale of Egypt’s Al-Watany Bank to Kuwait’s biggest lender in 2007, a source in the public prosecutor’s office said on Monday. Egyptian state media said the businessmen included five Saudis and two from the United Arab Emirates, as
The International Monetary Fund said on Sunday it would continue talks with Egypt aimed at agreeing possible financial aid after meeting with government officials seeking a $4.8 billion loan to relieve a currency and budget crisis. The IMF has said Egypt needs to take bold, immediate action to address its economic problems and has
Egypt’s central bank opened a scheme on Sunday allowing foreign investors in the stock and government debt markets access to dollars despite severe shortages of foreign currency. In a statement posted on its website, the central bank said it had decided to restart and broaden a mechanism helping foreign investors to repatriate their funds
Clashes between Egypt’s Muslim Brotherhood members and oppositional protesters were heated on Saturday night in a southeastern Cairo suburb, with reports of “sticks and iron chains” being used during the attacks. Witnesses, according to local news site Egypt Independent, reported that the clashes Brotherhood members were provoked by protesters spraying graffiti against the group
Police fired tear gas to disperse thousands of supporters and opponents of President Mohammed Mursi during clashes that erupted on Saturday as he launched development projects in southern Egyptian where residents have long complained of being neglected by the central government. Mursi was in Sohag province to unveil a housing project and new education
