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Moderate cleric Hassan Rohani took a solid lead over conservative rivals on Saturday in preliminary vote counting in Iran's presidential election in what could be the makings of a surprise victory over favoured hardliners.
The outcome is...
Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund (IMF) before obtaining a $4.8 billion IMF loan, its central bank governor said on Saturday.
The loan, needed to help...
Iran's Supreme Leader Ayatollah Ali Khamenei called for a large turnout in presidential elections on Friday, and said he did not "give a damn" about US suggestions that the ballot was unfair.
"What is important is that everyone...
A plan by Egypt's Islamist-led government to develop the land along the Suez Canal faces fierce opposition in districts that have been flashpoints for violence before, and may even threaten traffic on the strategic waterway.
Officials say a...
Israel is pressing on with plans for more than 1,000 new homes in 2 West Bank settlements, officials said on Thursday, moves that could complicate US efforts to persuade Palestinians, seeking a construction freeze, to return to peace talks.
An...
Egyptian armed forces spokesperson Ahmed Mohamed Ali said Thursday that it is too early to talk about military action against Ethiopia over the Grand Renaissance Dam dispute.
Egypt has other political, economic and social means with which to tackle...
Ethiopia dismissed Egyptian talk of military action against a giant dam it is building on the Nile as "psychological warfare," and said on Tuesday it would defend itself and carry on with the work regardless.
Bellicose rhetoric between...
Revenues from Egypt's Suez Canal rose 1 percent in May from a year earlier to $438.1 million, the State Information Portal said on Thursday.
In May 2012 the figure was $434.6 million, while in April 2013 it was $406.1 million.
The waterway is...
The Cairo index lost 5.2 percent to 4,598 points, its largest one-day decline since November 2012. It broke below major technical support at the November low of 4,683. There is now no strong support above the 2012 low of 4,027.
Sentiment was already...
LONDON - MSCI, the most widely used equity index provider, prompted market fears about both Greece and Egypt on Wednesday, after demoting the former and then raising concerns about getting money out of the latter.
MSCI redesignated Greece an...
