40 years on from gold standard, bugs crow
By Jan Harvey/ Reuters LONDON: Gold, and only gold, will be our salvation when the value of companies, banks, countries and even money itself melts away. Gold, not shifting currencies,…
Morocco cancels telecom stake sale for 2nd time
RABAT: The Moroccan government on Friday cancelled for the second time in less than a year a tender for the sale of part of its 30-percent stake in Maroc Telecom,…
HPCL says paying Iran, expects 2 oil cargoes in Sept
NEW DELHI: Indian refiner HPCL said it hopes crude deliveries from Iran will resume in September after a gap of a month, joining other state-run refiners expecting supplies after they…
New Israeli settler homes ‘major obstacle’ to talks, says Egypt FM
BERLIN: Egypt on Friday blasted Israel's approval of 1,600 new homes in an east Jerusalem settlement as a "major obstacle" to the start of new peace talks with the Palestinians.…
Germany rolls over Egyptian debt into aid
BERLIN: Germany will roll over €240 million ($343 million) in Egyptian debt into development aid in a deal approved by both sides, Foreign Minister Guido Westerwelle said Friday. The outstanding…
PM apologizes to priest after ‘offensive search’ at Cairo hotel
CAIRO: Egypt’s Prime Minister apologized to a priest who was forced to take off his robes by a Cairo hotel security, saying the ministry of tourism is investigating the…
Egypt police kill Sudan migrant near Israel border
CAIRO: Egyptian police shot dead a Sudanese migrant and wounded two others on Thursday as they tried to cross illegally into Israel, a security official said. The dead man, 23,…
Libyan rebels on offensive 6 months into uprising
BENGHAZI: Rebels are rattling the gates of oil town Brega as they advance in eastern Libya and are pushing an offensive at Tuarga in the west, almost six months after…
Syrian forces fire on protests after Friday prayers
AMMAN: Syrian forces fired live ammunition at protesters coming out of a main mosque after Friday prayers in the besieged city of Deir Al-Zor, witnesses said, as demonstrations against President…
EU expresses ‘deep regret’ on new E. Jerusalem settlement
BRUSSELS: EU foreign policy chief Catherine Ashton on Friday expressed her "deep regret" over Israel's approval of more new settler homes in east Jerusalem. The European Union "has repeatedly called…