US House lawmakers have blocked a $450 million emergency aid the Obama administration was planning to give to the new government of President Mohammed Morsi, facing unprecedented economic crisis, with an estimated budget deficit of $12 billion. Republican Rep. Kay Granger of Texas, chairwoman of the Appropriations subcommittee on foreign operations, says “I am not […]
As pro-democracy protests continue to rattle the Algerian regime, Algeria marches ahead to an economic disaster as domestic energy consumptions nears levels of gas and oil production. Since 2007, Algeria’s consumption of oil and natural gas has risen by more than 50 percent while its oil production has fallen by 25 percent. With less oil […]
The Egyptian Interior Ministry said that police killed 17 terrorists in the al-Obaidat district of the city of al-Arich, in the north of the Sinai Peninsula. Several firearms and explosives were seized by the response forces. Egypt has been facing, for years, insurrections by Muslim Brothers across the country, as well as by a local […]
