Egypt Economy continues its process toward an economic stabilization with the approval of the last loan from Arab Monetary Fund. The House of Representatives ratified Presidential Decree No. 144 of 2017 concerning the approval of the third compensatory loan contract between the Egyptian government and the Arab Monetary Fund, signed on December 7, 2016. The main goal of this loan is to provide foreign exchange resources and to support overall deficit in Egypt’s balance of payment. The loan reach $332 millions, and Egypt is committed to paying 1.61 percent per annum in interest on the loan.
Water and Energy Minister, Cezar Abi Khalil, inaugurated on Wednesday a conference titled “Water Security in the Arab World” during which he pushed for the implementation of a national water strategy that goes in line with the most recent regional changes, including the massive influx of Syrian refugees”. The issue of water is of paramount importance in Lebanon and the countries of the region because of the limited availability of potable and irrigation water”, Abi Khalil said. The Minister went on to explain that index figures indicate that countries that suffer a shortage 1,000 cubic meters of water per capita were categorized as countries that suffer water scarcity
Harsh criticism of Israel’s national religious sector sparked an outcry on Wednesday when Haaretz columnist Yossi Klein warned of the “danger” posed by the national religious in an op-ed featured in the paper.Klein’s provocative assertion that the religious Israelis were “more dangerous than Hezbollah” drew condemnation from Prime Minister Benjamin Netanyahu and a number of prominent ministers and lawmakers.”The article that ran in Haaretz is shameful and crazy. They’ve lost it completely”, Netanyahu wrote on his Facebook page. “The national religious public is the salt of the earth. Its girls and boys serve in the Israel Defense Forces and in national service programs for the benefit and the security of the state of Israel. I am as proud of them as I am of most of the country’s citizens. I urge Haaretz to issue an apology.”Stop, Haaretz newspaper”, Bennett went on to say. “You should be ashamed of yourself [Haaretz publisher] Amos Shocken. You should be ashamed of yourselves Haaretz editors. Come after me. Write that I’m a fascist and apartheid supporter and that I’m dangerous to Israel. I can swallow my pride, but I will not have you trample on this wonderful [national religious] population. It is easy to buy their votes”, Klein wrote in his op-ed. “Legalize their land and you have them. Give them budgets and you have them. Authorize a transfer [of Arabs] and they’re yours forever. They are loyal to those who give. They will support draconian media laws, greedy natural gas agreements, court-bypassing legislation. They have the prime minister wrapped around their finger, and they pull the ministers’ strings like puppet masters”.
Labor Minister Mohammad Kabbara welcomed on Saturday morning in his office at the ministry Guy Ryder, General Director of the International Labor Organization (ILO) with talks reportedly featuring high on the “Future of Work in the Arab World” conference which will be held in Beirut on coming Monday. Discussions also tackled the displaced file and the aids that the organization can offer Lebanon to help it overcome this crisis. The Minister explained that the conference participants would focus on strengthening the social dialogue culture among all production parties whether business owners, workers and governments; hoping the conference will be a success and it would list in its recommendations the ILO celebration to mark its centenary anniversary in 2019.
The Egypt-US meeting previous on Monday, it will be an important time in their common relations. Indeed US relations with Egypt since the Arab-Spring had been cold. It will be the first official visit of President Al-Sisi to the White House. During his meeting with Trump, Al-Sisi is expected to make the case for the US government listing the Muslim Brotherhood and its affiliate organisations as terrorist groups, a step which would in itself help to end global terrorism. This taking of position will obligate European countries to do the same. For Trump, it will be the occasion to find an ally to fight IS and terrorism.
Seven people were killed during attacks by Islamic State (ISIS) militants against the Popular Mobilization Units (Hashid al-Shaabi) in Tuz Khurmatu district, a security source said. Four of the dead were civilians while the others were Hashid al-Shaabi members, the source added. Seven other people were wounded in the attacks. Tuz Khurmatu, located 180 km north of Baghdad, lies in an area of disputed territory between the Kurdish-administered north and southern regions under the central government, with an ethnically diverse population of Turkmen, Kurds and Arabs
Palestinian Authority security forces used tear gas and batons to disperse a protest Sunday at a Court involved in the case of five Arabs, including one recently killed by Israeli forces, activists and lawyers. Police said protesters had “blocked the road in front of the court” and that “they refused to comply when security forces ordered them to clear the way”. “Forces then deployed in accordance with the law”, they said. Bassel al-Aaraj, 31, was killed on March 5 by Israeli soldiers in Ramallah, after he opened fire at soldiers who came to arrest him at his home and was shot dead. He was wantend infact Israel accused him of being the head of a cell planning attacks against Israel. His father Mahmud al-Aaraj says that” What we suffered today is an attack in our rights”. The PA journalists’ union denounced the “shameful aggression” of the dispersion.