Tag Archives: Barak Obama

Egypt to Borrow $4 Billion from Saudi Arabia

Tantawi Announces Loan from Saudi Allies Field Marshal Mohamed Hussein Tantawi of Egypt told the official Egyptian press agency, MENA on Saturday that Saudi Arabia will lend Egypt emergency monies in the amount of $4 billion. Tantawi, who is the head of Egypt’s ruling military council said, “The $4bn will be distributed in the form… Continue Reading

Gaddafi Succeeds in Fight for Sirte

Reversing gains made by rebels in the past several weeks after NATO forces gave air support to Libyan rebels; Gaddafi’s loyalist forces took Sirte, Gaddafi’s hometown, in their continuing advance east, blocking the way of the rebels’ westward push. Rebels were forced back to Bin Jawad, a town which they had taken on Monday, and… Continue Reading