Author Archives: Editor

Spain seizes assets owned by Egypt’s Mubarak

Spanish police have found 28 million euros (US$36.5 million) in assets owned by ousted Egyptian President Hosni Mubarak and people close to him, including Marbella beach properties and luxury cars, the government said on Thursday. Egypt had asked Spain to … read more

World Bank promises Egypt US$1 billion loan

The World Bank plans to support Egypt’s economic reform plan with a US$1 billion loan to create new programs to reduce poverty, the delegation said at a meeting with Prime Minister Hesham Qandil on Thursday. During the meeting, Qandil briefed … read more

In opposition to Morsy, Mahalla declares autonomy

Mahalla — The “Independent Republic of Greater Mahalla” was declared by thousands of angry locals on 7 December, following bloody clashes in the city’s center on 27 November between supporters and opponents of President Mohamed Morsy. This newly “independent city” … read more