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Bakers who have threatened a strike that could affect the staple diet of the nation's poor said a meeting they had hoped to hold with the prime minister on Thursday would not take place until next week.
Abdullah Ghorab, the head of the bakers...
Moody's cut Egypt's credit rating on Thursday, citing unsettled political conditions and public finances, which it said raised the chance of a default within five years to nearly 40 percent.
The economy has been in crisis since the overthrow...
The Central Bank raised interest rates on Thursday, hoping to curb soaring inflation and slow a sliding pound currency, but the first increase in over a year is likely to hurt a very weak economy.
The bank's Monetary Policy Committee (MPC)...
Iran's clerical supreme leader said on Thursday the Islamic Republic would destroy the Israeli cities of Tel Aviv and Haifa if it came under attack from the Jewish state.
"At times the officials of the Zionist regime [Israel] threaten to...
UN Secretary-General Ban Ki-moon on Thursday announced that the United Nations will launch an investigation as requested by the Syrian government into allegations that chemical weapons were used inside its territories.
"I have...
President Barack Obama said on Thursday that settlement building in the occupied West Bank does not "advance the cause of peace", but stopped short of demanding a construction freeze to enable negotiations to resume.
...
The European Union warned Egypt on Wednesday it could lose funds from its 5 billion euro aid package if democratic reforms fail to satisfy Brussels, adding that Cairo has already lost some additional funding.
In a report on reforms in...
Egypt is seeking to swap four members of Muammar Qadhafi’s regime arrested in Cairo with a group of Egyptians detained in Libya, judicial sources said Wednesday.
A source at the Libyan Justice Ministry said the idea had been...
US President Barack Obama arrives in Israel on Wednesday without any new peace initiative to offer disillusioned Palestinians and facing deep Israeli doubts over his pledge to prevent a nuclear-armed Iran.
Making his first official visit here...
US lawmakers have seized on a domestic spending bill as a chance to tighten controls on how Egypt's Islamist government can use over US$1 billion in military and other aid Washington sends to Cairo each year.
Five senators — four...
