Archive for February, 2012

Clock ticking for Egypt’s finances

The Media Line Staff Cairo, Egypt (The Media Line) – Egypt faces a risk-laden game of Beat the Clock as it tries to get its political house in order before its foreign currency reserves sink much more. Reserves fell to $16.4 billion in January from about $36 million a year earlier, a drop that economists [...]

Obama orders freeze of Iranian government, bank assets in U.S.

Windsor Genova – AHN News News Writer Washington, D.C., United States (AHN) – President Barack Obama has issued an executive order freezing all assets of the Iranian government and financial institutions being held in the U.S. In the order, which takes effect Monday, Obama declared that all property and interests in property of the Government [...]

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