Egypt’s foreign reserves fell by almost 10 percent to $13.6 billion in January, the Central Bank of Egypt said in a statement on Tuesday published by the official MENA news agency. The bank said “foreign reserves fell heavily by $1.4 billion to $13.61 billion in January, from $15 billion in December,” the agency reported.
Reports that Egyptian President Mohammed Mursi recently sent his family and friends on an expensive vacation that consisted of a private jet ride to the Red Sea resort town of Taba and the booking of 12 rooms at the Hilton has caused outrage in country, battered by an ongoing political and economic crisis. Earlier
The International Maritime Bureau said on Monday that a French-owned oil tanker that went missing off the Ivory Coast over the weekend is believed to have been hijacked by Nigerian pirates, the International Maritime Bureau said on Monday. "The owner lost contact on [February] 3rd. We believe it was hijacked with 17 crew on
Egypt's former presidential Candidate Ahmed Shafiq told Al Arabiya TV in an interview on Sunday that the infamous dragging and beating of a naked old man near the presidential palace last week was previously planned by the interior ministry to terrorize the people. Shafiq, who lost the presidential race to Islamist President Mohammed Mursi
Egyptian media reported that security staff bribed the man now known as the “dragged protestor” to deny he was abused by security forces in Friday’s demonstrations in front of the presidential palace. According to several media outlets and social networking websites, interior ministry personnel bribed the 48-year-old Hamada Saber in order not to publicly
The United Nations says Israel must withdraw all of its citizens from the regions of Judea and Samaria. The recommendation came in a report issued Thursday by the U.N. Human Rights Council, which has a history of passing numerous biased resolutions condemning Israel for various alleged ‘crimes’ each year. "Israel must, in compliance
A car bomb set off by a suicide attacker and followed by gunmen storming a police headquarters in the north Iraqi city of Kirkuk, killed 30 people and wounded 70 others on Sunday, a police general said. Militants had apparently sought to take control of the compound, but were unsuccessful, Brigadier General Natah Mohammed
Egypt’s main opposition group on Saturday backed calls to oust the ruling Islamists after deadly clashes and as President Mohammed Mursi scrambled to contain fallout from footage of apparent police brutality. The National Salvation Front said it “completely sides with the people and its active forces’ calls to topple the authoritarian regime and the
Egypt’s presidency said on Saturday it was “pained by the shocking footage” of police beating a naked man during overnight clashes outside the presidential palace that has outraged the opposition. “The presidency was pained by the shocking footage of some policemen treating a protester in a manner that does not accord with human dignity
Turkish security forces have detained Osama bin Laden’s son-in-law Suleiman Abu Gheith in Ankara following a tipoff from U.S. Central Intelligence Agency (CIA), Turkish media reported on Saturday. The former spokesman of the terror network reportedly escaped Afghanistan following the Sept. 11 attacks on the World Trade Center in 2001 and settled in a
