Category Archives: Egypt

Ammar Acquires Egyptian TV Station

Tarak Ben Ammar, the media mogul who produced over 60 films in the past thirty years recently purchased an Egyptian TV network in a deal worth tens of millions of euros. Ben Amar stated that this is the first step in the creation of a pan-Arab media group. Ben Ammar, who owns the North African… Continue Reading

Egypt Seeking $3.2 Billion in IMF Aid

Backtracking on their previous refusal of aid from the International Monetary Fund and the World Bank, Egypt requested $3.2 billion in loan money from the IMF on Monday. Egyptian officials decided that the money was essential to repair the Egyptian economy after a full year of political unrest which repelled tourists and investors alike. A… Continue Reading

Muslim Brotherhood Gets Active

First of all, in Egypt, the Muslim Brotherhood is making a noise about the involvement of the military vis-à-vis the writing of a new constitution.  Secondly, the same organization is getting busy with the provision of free meals to the poor each night for the month of Ramadan. It used to be – in the… Continue Reading

Khalil Release

BBC journalist Shaimaa Khalil was released after being held for 20 hours at an Egyptian military base and then on to a military prosecutor’s office.  According to a BBC News Article from yesterday, it remains unclear whether or not she will “face further action by the authorities.”  At this point also, no-one is quite sure… Continue Reading

Depressed Mubarak Awaits Trial

Depressed Mubarak Awaits Trial The former president of Egypt, Hosni Mubarak is depressed.  In addition, according to Egypt’s official news agency, the man is physically weak and refuses to eat any solid food.  His depression is probably at least somewhat fueled by the fact that later this week he will be standing trial for ordering… Continue Reading

Hosni Mubarak in a Coma in Sharm el-Sheikh

Heart Attack The 83-year-old former president of Egypt, Hosni Mubarak, is said to have suffered a heart attack and lapsed into a coma in the Red Sea Resort city of Sharm el-Sheikh. President Mubarak has been under arrest in the southernmost tip of the Sinai Peninsula desert ever since his ouster from power during the… Continue Reading

Skype Rebellion Met with High-Tech Listening

Skype was the method of choice for secure communications among anti-government organizers in Egypt during this past winter’s uprising, believing that Skype “cannot be penetrated online by any security device.” Government Listening However it turns out the protestors’ feelings of privacy were misplaced and Egypt’s security service was indeed listening in on their Skype conversations.… Continue Reading

IMF Says MENA Will Need $160 Billion In Coming 2 Years

The International Monetary Fund (IMF) prepared a report for the G8 summit which was held at the end of last week in Deauville, France which stated that the oil-importing nations in the MENA region (Middle East and North Africa) will need a boost of at least $160 billion of external funding to get them through… Continue Reading

World Bank Takes Optimistic View towards Mideast Upheaval

Long Term Positive Prospects The World Bank released a report on Tuesday saying that despite the short-term downward movement of Middle Eastern and Northern African economies, in the long run the world can expect to see positive movement in that region. The report is the World Bank’s regional economic update for May 2011 for the… Continue Reading