Americas Headlines International

What Would Obama’s second term mean for the Arab World?

Barack Obama won the presidential race and will lead his country for four more years. Although the presidential race was very tight and some even feared a recount of votes, Obama gleaned 332 electoral votes while his challenger Republican Mitt Romney got only 206, according to the results available, as vote counting is still ongoing. […]

Business Emerging Markets

Egypt: tourism industry revived by land auctions

The revolt that brought an end to Hosni Mubarak’s presidency also prorogued the departure of investors and tourists in Egypt. To regain the 14.5 million visitors that generated 12.5 billion dollars, the actual tourism minister announced that lands will be auctioned for tourist developments. According to him “28 million sq meters will be put on […]

Egypt Headlines

Will Egypt-US Relations Sour Over Aid?

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 […]

Egypt Features Headlines Libya

US ambassador killed in attack on consulate in Benghazi

The US ambassador to Libya, Christopher Stevens, and three other embassy staff members were killed on Tuesday during an attack on the US consulate in Benghazi, Libyan and US official sources have confirmed. The US ambassador was visiting the Libyan Eastern city, when the US consulate was attacked and burnt down by angry demonstrators who […]