January 28, 2021
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Tunisia

Tunisia: 200 people arrested in violent protests

January 18, 2021 MEO Staff

More than 200 people were arrested after “riots” targeting public and private property in Tunisia, according to an official in the Tunisian Ministry of Interior. An official in the Tunisian Ministry of Interior said yesterday [ More … ]

Turkey Latest News

Erdogan vows to boost Turkish defense industry

November 13, 2020 MEO Staff

Turkish President Recep Tayyip Erdogan has vowed to further boost the country’s defense industry “We can never tolerate procuring [defense-related] products from abroad when we can produce them ourselves,” said Turkish President Erdogan at the inauguration ceremony of a new [ More … ]

Turkey Latest News

Turkey pledged a new economic growth strategy based on stability, lower inflation

November 12, 2020 MEO Staff

pledged a new economic growth strategy on Wednesday based on stability, lower inflation “We are building a growth structure which creates qualified employment, which does not cause inflation and a current account deficit,” he said. [ More … ]

Egypt Latest News

Egypt is slapping a 1% Corona tax on state workers!

May 21, 2020 Ahmed Rashed

Egypt to deduct 1% of state employees’ income for one year amid coronavirus crisis. Egypt’s Prime Minister Mostafa Madbouly approved on Wednesday a draft law cutting the net monthly income all of state employees by [ More … ]

Egypt Latest News

World Bank approves $50m in emergency funding to Egypt!

May 18, 2020 MEO Staff

The World Bank Group’s board of directors approved a $50 million loan to Egypt to finance emergency response activities related to the coronavirus (COVID-19) pandemic. Egypt has been eligible to receive $50 million loan, the [ More … ]

Analysis

Another reason why autocratic regimes welcome foreign aid, it’s directly linked to their haven accounts!

May 16, 2020 MEO Staff

A paper the World Bank released last February shows that countries dependent on aid from the organization see increased flows into tax secrecy havens, suggesting that some of its funds are ending up in the wrong hands.  [ More … ]

Turkey Latest News

Turkish Lira firms against dollar as Turkey searches for foreign funds

May 16, 2020 MEO Staff

Turkey officials have held talks with Japan and the UK on setting up currency swap lines, sources tell Reuters. The recently embattled Turkish lira edged up on Friday and held gains from late Thursday following reports that [ More … ]

Lebanon

Lebanon seeks financial lifeline from the IMF

May 16, 2020 MEO Staff

Talks began on Wednesday with Lebanon seeking a multi-billion-dollar bailout to avoid bankruptcy. Lebanon’s leaders are seeking a financial lifeline from the International Monetary Fund. Talks began on Wednesday with Lebanon seeking a multi-billion-dollar bailout [ More … ]

Egypt Latest News

Egypt, A new bridge on a collision course with residential building raises online comics!

May 14, 2020 MEO Staff

Egypt has been building a bridge adjacent to – and almost touching – residential buildings in Giza, causing an outcry from local residents and social media. Pictures of the bizarre construction, which encroaches on residents’ [ More … ]

Egypt Latest News

Egypt opposition rejects the IMF deal and accuses regime of drowning Egypt with debts

May 11, 2020 MEO Staff

The Executive Board of the IMF approved Egypt’s request for emergency financial assistance of US$ 2.772 billion to meet the urgent balance of payments needs stemming from the outbreak of the COVID-19 pandemic. Following the [ More … ]

Egypt Latest News

Egypt arrests chairman of newspaper over currency devaluation story, MEE

April 15, 2020 MEO Staff

Newspaper quoted a financial report saying Egypt’s Central Bank was planning to allow the Egyptian pound to fall by 7.5 percent and the monetary policy was destined to fail. Egyptian security forces arrested the chairman [ More … ]

Egypt Latest News

Egypt postpones Banque du Caire stake sale due to coronavirus: chairman

April 13, 2020 MEO Staff

(Reuters) – Egypt has postponed its plans to sell a minority stake in state-owned Banque du Caire (BQDC.CA) in an initial public offering (IPO) starting mid-April due to the spread of the coronavirus, a local [ More … ]

Egypt Latest News

8.5 billion USD in foreign investment left Egypt in 3 months

April 11, 2020 MEO Staff

Egyptian Minister of Finance Mohamed Maait revealed that around $8.5 billion in foreign investments in government debt instruments have left Egypt during the last three months. Maait told Al-Arabiya channel on Thursday that foreign investments in government debt instruments are [ More … ]

Egypt Latest News

Egypt has reportedly sent COVID-19 that threatens its economy to 9 countries so far

March 12, 2020 MEO Staff

Some 95 persons infected with the deadly COVID-19 virus have left Egypt to 9 countries over the world, reported Rassd, citing data announced by these 9 countries. The Rassd news network on 10 March said [ More … ]

Egypt Latest News

Bloomberg: Egypt’s Military Undermines Its Economic Revival

November 21, 2019 MEO Staff

An expanding network of enterprises owned by the armed forces blocks much-needed reforms, says Timothy Kaldas in a recent report published in Bloomberg. “As Egypt marks the third anniversary of its bailout by the International [ More … ]

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Latest

The Unfinished Business of Arab Spring: WP

Analysis
January 27, 2021

Qatar likely to mediate between Iran, US, official says

Iran Latest News
January 26, 2021

Open letter to the EU and its member states on Egypt

Egypt Latest News
January 25, 2021

US Giant ‘Chevron’ to Invest in Pipelines for Sending Israeli Gas to Egypt

Egypt Latest News
January 21, 2021

Biden to review Houthi designation, curb support for coalition, and declassify CIA Khashoggi report

Saudi Arabia News
January 20, 2021
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