In July 2012, the Assad regime confirmed that Syria possess stockpile of chemical weapons. The international community especially the President of the United States was closely watching the ongoing civil war in Syria and previously indicated that it will take action against the Syrian government if chemical weapons are used against civilians. According to many […]
At the beginning of the month, heads of states of the G-20 Summit will meet in Russia. The idea of meeting world financial powers to discuss issues was first introduced by the then Canadian Prime Minister, Paul Martin, and the first financial ministers meeting took place in September of that year. The G-20 consists of […]
A scandal that found banks rigged Libor rates to increase their trading profits brought the internationally used little known but widely used interest rate measure to the limelight. The London Interbank Offered Rate (Libor) is the average interest rate estimated by London banks to charge to each other for borrowing. Rates are published daily and […]
Egyptians once again took to the streets in massive demonstrations in Cairo and other major cities throughout the country demanding that President Mohamed Mursi resign. He has been selected as the first Egyptian president elected by the public a year ago. Certain questionable actions including excessive power grab, taking a direction dominated by the Muslim […]
An employee, Edward Snowden, working for a contractor who provides services to the National Security Agency (NSA) fled to Hong Kong with enormous amount of secret data and the news dominated headlines in print media as well as the Internet. He then released some secret information that the U.S. government is collecting on individuals and […]
The most recent news from Syria indicates that three high ranking officials of the President Bashar Assad’s crippling regime have been killed in a bomb attack in Damascus. Among the dead are its Defense Minister Dawoud Rajha (most senior Christian government official), President’s brother-in-law Asset Shawkat (Deputy Defense Minister) and General Hassan Turkmani, President’s senior […]
Just over two years ago, “The Arab Spring” swept through the Arab world toppling centuries old regimes and establishing people’s power. Egypt was one of those countries just over two years ago people led uprising ousted its several decades old President, Hosni Mubarak and his regime and established a people elected government. Hosni Mubarak, members […]
Recent news coming from Syria indicates that two massive blasts in an university campus in Aleppo, country’s largest city and its main commercial center, killed 87 including students who were taking an exam and wounded scores of others. It happened while some students are taking their final exams. Both the rebels and the government point […]
Sandy Hook Elementary School shooting in Newtown, Connecticut in December 2012, a gunman killed several innocent school children, their teachers and principal, gunman’s own mother and himself, used a 30-round large capacity magazine that fed into a military style semiautomatic rifle. This incident followed shootings in a theater, a Congressman’s gathering, a high school and […]
The Egypt appears to be closer to adopting a new constitution drafted by the new Islamist Muslim Brotherhood dominated government. The Egypt’s main ally, Iran supports the new constitution. Since Iran and Egypt broke-off relations in 1979, the new Egypt’s President, Mohamed Mursi (or Morsy) visited Iran as the leader of Egypt after 30 years. […]