FDI in Egypt plummets over the summer
CAIRO: Foreign investment in Egypt plummeted over its summer to almost a quarter of its level a year earlier as investors, unnerved by the region's political turmoil, fled, the central…
OCI plans to demerge fertilizer businesses
CAIRO: Orascom Construction Industries (OCI) said it is planning a demerger of its construction business from its fertilizer venture, according to a statement. Each of the businesses will be listed…
Political challenges cloud Egypt’s economic outlook: report
CAIRO: With a neutral outlook for markets of the Middle East and North Africa region (MENA) in the first half of 2012, Beltone Financial predicts some chances of improvement in…
Syria opposition urges UN action over ‘massacres’
DAMASCUS: The opposition Syrian National Council on Wednesday urged the UN Security Council and Arab League to hold emergency meetings after "massacres" carried out by regime forces. Reacting to reports…
Bahrain protesters re-emerge after crackdown
MANAMA: Shia protesters in Bahrain are increasingly heading back to the streets, nine months after a brutal security crackdown was thought to have silenced their democracy movement. While protests inside…
Iraq in turmoil one year after government formed
BAGHDAD: Iraq's government marked its first anniversary Wednesday in turmoil as its Sunni vice president disputed charges he ran a hit squad and the US urged calm in a row…
UN council members line up to criticize Israel
UNITED NATIONS: Most members of the UN Security Council voiced deep concerns on Tuesday about the impasse in the Israeli-Palestinian peace process and criticized Israel for pressing ahead with the…
UN nuclear watchdog says Iran visit possible
VIENNA: Senior UN nuclear watchdog officials could visit Iran for talks, the agency said on Wednesday, a day after an Iranian envoy suggested Tehran would be ready to discuss international…
Salafi party tells Israel it will keep the peace
JERUSALEM: A spokesman for Egypt's main Salafi party on Wednesday pledged that the hardline Islamist group would respect the peace treaty with Israel in an unprecedented interview with an Israeli…
Stone lion resumes post in Spain’s Alhambra
By AFP One of 12 marble lions that stand watch in Spain's historic Moorish palace, the Alhambra, in Granada returned to its spot Monday after being restored by experts. A…