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Rome - Libya's National Oil Corp head Shokri Ghanem said Wednesday he had defected from Muammar Qadhafi's government but had not yet decided whether to join anti-Gaddafi rebels.
Speaking at a news conference in Rome organised by the Libyan...
Gaza--Gaza's Hamas rulers said on Wednesday that Egypt was limiting the number of people allowed to enter from Gaza, undermining a move announced last week to ease the blockade of the enclave imposed by Israel.
Cairo expanded the opening hours...
Egypt will levy a new capital gains tax on the rich and financial companies, the government said in a statement, to finance a budget that will hike subsidies to help the poor after months of political turmoil.
The government will tax capital gains...
Tehran--Iranian President Mahmoud Ahmadinejad urged Egypt on Wednesday to rebuild diplomatic relations with the Islamic Republic, saying the emergence of a new "great power" would force "Zionists" to leave the region.
At a...
Manama - Bahraini Shi'ites say they have endured a reign of terror during 11 weeks of martial law imposed to break up a pro-democracy movement that for the first time threatened the control of a Sunni-ruled Gulf Arab dynasty.
Martial law was...
Tripoli/Brussels - NATO said on Wednesday it had extended its Libyan mission for a further 90 days, after Muammar Qadhafi made it clear he would not step down, dashing hopes of a negotiated end to the uprising against his rule.
The 28-member...
Egyptian private equity firm Citadel Capital swung to a net loss last year after it wrote down the value of underperforming oil and gas assets, the company said on Wednesday.
Citadel also said it had not received any direct acquisition offer....
Landline monopoly Telecom Egypt posted a 10 percent drop in first-quarter net income on Wednesday after anti-government protests hit the economy and led the authorities to suspend some telecom services.
But the company said the worst effects of the...
New York--A businessman and former chairman of a major Egyptian bank charged with sexually abusing a housekeeper at a luxury Manhattan hotel is being held on US$25,000 bail and has been ordered to hand over his passport because he is considered a...
Billions of dollars in aid for Egypt will offer short-term relief to its battered economy but will not be enough to reassure investors worried about what the government will look like after a September election.
Pledges of support from the...
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