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Egypt aims next month to issue a schedule of gradual rises in the subsidised prices various industries pay for fuel, to bring them near to world levels in four years, its trade and industry minister said.
A reduction in energy subsidies is widely...
US Defense Secretary Chuck Hagel said on Wednesday the US effort to determine whether Syria has used chemical weapons is a "serious business" that cannot be decided in a rush just because several countries believe evidence supports that...
Egyptian fund manager Mohamed Ayad watched his clients lose money for months until he himself became a victim of the stock market's slump.
"I was fired with many others when trading volumes went down," said Ayad, a man in his 30s who...
Egypt will seek a bigger share of production in future oil and gas exploration contracts signed with foreign companies, its petroleum minister said in remarks published Wednesday.
In remarks to Al-Borsa newspaper, Osama Kamel said the new system...
While President Barack Obama has declared a "red line" over Syrian use of chemical weapons, US officials suggested on Tuesday that Washington was unlikely to respond without clear-cut evidence of such use — evidence that may be very...
TORONTO/MONTREAL — Two men charged with an alleged Al-Qaeda-backed plot to derail a Canadian passenger train made their first court appearances on Tuesday, and the lawyer for one said his client would fight the charges vigorously.
Raed Jaser...
LONDON — Kuwaiti author Saud Alsanousi has won the 2013 International Prize for Arabic Fiction for his portrayal of the lives of foreign workers in Gulf countries in "The Bamboo Stalk."
The 31-year-old Alsanousi became the...
TRIPOLI — A car bomb in Tripoli wounded two French guards at France's embassy in Libya on Tuesday, bringing new violence to a capital that has not seen attacks on diplomats like that which killed the US ambassador in Benghazi last...
Egypt said its economy would grow by 3.8 percent in the fiscal year starting in July as ministers outlined the 2013/14 budget to Parliament on Tuesday.
The forecast delivered by Planning Minister Ashraf al-Araby to the upper house of Parliament was...
Turkish Prime Minister Recep Tayyip Erdogan will not reschedule his trip to the Palestinian Gaza strip, he said on Tuesday, despite a request to do so from the United States that had irked Ankara.
During a visit to Turkey on Sunday, US Secretary of...
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