Michael's Feed
Nov 1, 2014

Iraqi Kurds reinforce Kobani; U.S. planes pound IS targets

BEIRUT/ BAGHDAD (Reuters) – Syrian Kurds welcomed the arrival in Kobani of Iraqi Kurdish fighters with their heavy weapons, hoping they might tip the balance in the battle to defend the town against Islamic State, as U.S.-led air strikes continued to bomb the ultra-hardline group in Iraq and Syria.

Air strikes have helped to foil several attempts by the al Qaeda offshoot, notorious for its beheading of hostages, to take over Kobani. But they have done little to stop its advances, in particular in Sunni areas of western Iraq, where it has executed hundreds of tribesmen.

Oct 31, 2014

Iraqi tribal leaders’ pleas for help ignored before massacre

BAGHDAD (Reuters) – Iraqi tribal leader Sheikh Naeem al-Ga’oud and his men once helped U.S. Marines drive al Qaeda out of their Anbar Province stronghold. He doesn’t even put up a brave face when it comes to his current enemy the militants of Islamic State.

This week the al Qaeda offshoot massacred more than 200 members of his Albu Nimr tribe in retaliation for months of resistance.

Oct 28, 2014

Suicide bomber kills 27 militiamen south of Iraqi capital

BAGHDAD (Reuters) – A suicide bomber killed at least 27 Shi’ite militiamen outside the Iraqi town of Jurf al-Sakhar on Monday after security forces pushed Islamic State militants out of the area over the weekend, army and police sources said.

The attacker, driving a Humvee vehicle packed with explosives and likely stolen from defeated government troops, also wounded 60 Shi’ite Muslim militiamen, who had helped government forces retake the town just south of the capital.

Oct 27, 2014

Suicide bomber kills 27 militiamen in Iraq, all eyes on Kobani

BAGHDAD (Reuters) – A suicide bomber killed at least 27 Shi’ite militiamen on the outskirts of the Iraqi town of Jurf al-Sakhar on Monday after security forces pushed Islamic State militants out of the area over the weekend, army and police sources said.

The attacker, driving a Humvee vehicle packed with explosives and likely stolen from defeated government troops, also wounded 60 Shi’ite militiamen, who had helped government forces retake the town just south of the capital.

Oct 23, 2014

Egypt considering $1.5 billion foreign bond as it repairs economy: finance minister

CAIRO (Reuters) – Egypt could tap international bond markets to raise up to $1.5 billion next year to shore up its finances and is open to agreeing an International Monetary Fund loan package if needed, Finance Minister Hany Kadry Dimian said on Thursday.

The Arab world’s most populous country has been trying to repair an economy battered by political upheaval, street protests and militant violence since a popular uprising toppled autocrat Hosni Mubarak in 2011.

Oct 23, 2014

Egypt considering $1.5 bln foreign bond as it repairs economy-finance minister

CAIRO, Oct 23 (Reuters) – Egypt could tap international bond
markets to raise up to $1.5 billion next year to shore up its
finances and is open to agreeing an International Monetary Fund
loan package if needed, Finance Minister Hany Kadry Dimian said
on Thursday.

The Arab world’s most populous country has been trying to
repair an economy battered by political upheaval, street
protests and militant violence since a popular uprising toppled
autocrat Hosni Mubarak in 2011.

Oct 23, 2014

Egypt’s government has to deliver growth to survive: investment minister

CAIRO (Reuters) – Egypt’s government has to deliver economic growth to survive and can’t let complex laws and bureaucracy discourage foreign investment, the country’s investment minister said.

Egyptian President Abdel Fattah al-Sisi, whose two predecessors were toppled by protests in the past three years, has implemented some of the economic reforms that may boost investor confidence, slashing fuel subsidies and raising taxes.

Oct 22, 2014

Egypt tourism minister confident of recovery, despite challenges

CAIRO (Reuters) – Egypt’s tourism minister hopes to fully revive one of the country’s most vital industries by next April but persuading the world that it is safe to visit the ancient pyramids or Red Sea resorts after three years of upheaval is a daunting task.

Hisham Zaazou is mounting public relations campaigns, inviting foreign officials to visit and assess Egypt’s stability for themselves and boosting security at airports and hotels.

Oct 21, 2014

Egypt needs billions to upgrade telecom infrastructure-minister

CAIRO (Reuters) – Egypt is seeking billions of dollars in investment to upgrade its telecommunications infrastructure as part of efforts to attract multinationals and restore growth after three years of political upheaval, the telecoms minister said.

Political unrest, protests and militant violence since the 2011 uprising that ousted Hosni Mubarak has battered Egypt’s finances, spooking investors the most populous Arab country needs to create growth and much-needed jobs.

Oct 21, 2014

Egypt turns to illegal buildings to tackle housing crisis

CAIRO, Oct 21 (Reuters) – Egypt plans to offer cheap loans
for completing apartments in unfinished buildings thrown up
illegally across its cities, hoping to tackle a housing crisis
that has helped to topple two presidents since 2011.

Housing Minister Mustafa Madbouly said the cabinet had
approved the project designed to help Egyptians who built or
bought bare apartments in the unplanned buildings but can’t
afford to finish them, many living in the empty shells.