OPEC oil supply hits 3-year high: Reuters survey
LONDON: OPEC oil output rose in December to the highest since October 2008, mainly due to a further recovery in Libya's production, a Reuters survey found on Wednesday. Supply from…
Markets to focus on Saudi Q4 petchem earnings
DUBAI/CAIRO: Gulf stock investors will focus on Saudi Arabia next week as its companies begin posting their 2011 earnings, with heavily weighted petrochemical firms likely to announce strong profit growth.…
Egypt economic measures seen possible benchmarks: IMF
CAIRO: The International Monetary Fund (IMF) said on Tuesday it was still discussing with Egyptian authorities the timing of the IMF mission's visit, adding that economic measures the government had…
Prime Minister introduces measures to ‘alleviate’ economic woes
CAIRO: Rejecting the idea that the Supreme Council of the Armed Forces (SCAF) should hand over power to a civilian government at a sooner date, Egypt’s Prime Minister Kamal El-Ganzoury…
Islamists more likely to sweep the polls in rural Daqahleya
MANSOURA: The rural nature of Daqahleya is likely to boost Islamists’ chances of a landslide win in both the party lists and as independent candidates in the third round of…
Prosecution remands in custody 3 activists for distributing flyers
CAIRO: Prosecution remanded in custody three members of the April 6 Youth Movement Democratic Front and released one pending investigations into charges of tarnishing Egypt’s reputation, disturbing security and distributing…
Syria opposition struggles to stay united
DAMASCUS: Syria's opposition was in disarray Wednesday, struggling to present a united front in the face of a protest crackdown whose death toll rose again despite the presence of Arab…
Militias could drag Libya into civil war, says NTC chief
TRIPOLI: Libya risks sliding into civil war unless it brings under control the rival militias which filled the vacuum left by Muammar Gaddafi's downfall, the head of the interim administration…
Taliban move could help Afghan peace drive, say analysts
KABUL: The Taliban's move to open a political office abroad ahead of possible peace talks with the US could mark a significant step on the road towards a negotiated end…
Israeli press skeptical over Amman talks
JERUSALEM: Israeli media and officials reacted skeptically on Wednesday, a day after Israeli and Palestinian negotiators held their first face-to-face talks since September 2010 at a meeting in Amman. "It's…