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Employees of the TV channel “Al-Aqsa” demonstrate in front of the French embassy building in Gaza in protest at the channel closing down (AFP)


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The Capitol is seen in Washington, Thursday morning, July 31, 2014, as lawmakers prepare to begin a five-week summer recess. Republicans pushed a divided House yesterday toward a campaign-season lawsuit against President Barack Obama, accusing him of deliberately exceeding the bounds of his constitutional authority. Obama and other Democrats derided the effort as a stunt […]


Global Capitalism and the Financial Earthquake

Global Capitalism and the Financial Earthquake

One feature most politicians have in common is their penchant for blaming their predecessors and sneering at their successors. Typically, it goes something like this: “When I took over, things were in a mess. When I left, things couldn’t be any better. After me,...
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A woman sweeps as people, right, wait outside a branch of Bank of Cyprus in Nicosia, Cyprus, Thursday, March 28, 2013. (AP Photo/Petros Karadjias)


Cyprus Reopens Banks Under Tight Restrictions

Cyprus Reopens Banks Under Tight Restrictions

Nicosia, Reuters—Cypriots queued calmly at banks as they reopened on Thursday under tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to avert bankruptcy. Banks were shut almost...
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A man passes an empty closed branch of Bank of Cyprus in central capital Nicosia, Cyprus, Sunday, March 24, 2013. (AP Photo)


Arab Economists Play Down Impact of Cypriot Crisis

Arab Economists Play Down Impact of Cypriot Crisis

London, Asharq Al-Awsat—Despite the recent bailout agreement between the Cypriot government and the EU and International Monetary Fund (IMF), the scale of the financial crisis facing the small island state means that it is nowhere near over yet, and the aftershocks...