Latest Middle East News
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IMF predicts Saudi economic slowdown
RIYADH - Saudi economic growth will slow to 4.4 percent in 2013 from 6.8 percent last year due to an expected fall in oil production, and cuts in government spending, the International Monetary Fund said ...
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Iran has funds to develop South Pars
Iran will invest $16 billion in development of the offshore South Pars gas complex over the next 10 months, a natural gas company director said. Managing Director of the Pars Oil and Gas ...
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11 militants killed in operations in Afghanistan
KABUL, Oct. 13 (Xinhua) -- Up to 11 militants have been killed and 40 others detained in the latest military operations in different Afghan provinces, authorities said Saturday. "Afghan police supporting by army and the NATO-led coalition forces carried out eight cleanup operations in Kapisa, Kunduz, Sar- e-Pul, Ghazni, Paktia, Farah and Helmand provinces, killing five armed Taliban ...
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Attacks Kill 7 in Iraq
Officials say a suicide bombing followed by clashes between militants and Iraqi troops left three soldiers dead Tuesday in Tarmiyah, north of the capital, Baghdad. Farther north, two car bombs exploded in Tuz Khormato, killing three people, while car bombs in Kirkuk killed at least one person. Both cities are in an area that Iraq's Kurds want to incorporate into their autonomous ...
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Israel Bank RobberyFour people have been dead Be’er Sheva bank robbers Breaking News
At least four people – three men and one woman – were killed and several others were injured, including one person in serious condition, during a robbery gone wrong at a Be’er Sheva bank on Monday. The victims reportedly died during a shootout at a branch of Bank Hapoalim in the southern Israeli city of Be’er Sheva. A further shot was heard from the bank at around ...
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Iran approves agreement on Argentine bombing probe diplomat
Eduardo Amadeo, a legislator from the opposition Peronist Front, left, speaks against an agreement between Argentina and Iran in Buenos Aires, Argentina, Wednesday, Feb. 27, 2013. The signs read in Spanish "Iran kills," left, and "Do not betray their memory, no to the agreement with the Iran regime." (AP Photo/Victor R. ...
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Hezbollah sends new fighters to bloody Syria battle
Members of Lebanon's Hezbollah carry the coffin of their comrade Fadi Mohammed al-Jazzar during his funeral in southern Beirut on May 20, 2013. AFP ...
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Qatar Economic Zone 1 first phase to open in 2016
The first of Qatar’s three planned economic zones may be open for business as early as the first quarter of 2016, according to Fahad Rashid Al-Kaabi, CEO of Qatar Economic Zone Projects. Speaking on the sidelines of the MEP Conference in Qatar, Al-Kaabi added that the opening of the third economic zone could follow soon after in 2016 Q2. "We have a phased approach on all the ...
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Iran to host meeting on Syria on May 29
Iran ian Foreign Ministry spokesman announced on Tuesday. Abbas Araqchi said "from the very beginning, we believe that there is no military solution to the Syrian crisis and that a national dialogue between the Syrian government and the opposition will lead to a rational solution" to the crisis. The slogan of the upcoming meeting in Iran's capital of Tehran is "Political ...
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IMF again raises Egypt inflation forecast to 3-year high
The International Monetary Fund Inflation in Egypt is expected to climb to 10.9 percent this year, the highest level since 2010, the International Monetary Fund said on Tuesday, more than it expected in April."Inflation is expected to rise in Egypt, Jordan, Morocco, and Tunisia, reflecting recent and planned subsidy cuts and, in some cases, pressure from monetization of fiscal deficits and ...
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Saudi Arabia crucifies 5 Yemenis for murder Report
Saudi Arabia on Tuesday executed and crucified five Yemenis convicted of murder and forming a gang which carried out robberies across several towns in the conservative Muslim kingdom, the interior ministry said. The five were executed in the southwestern town Jizan, it said, quoted by state news agency SPA, bringing the number of executions in Saudi Arabia this year to 46, according to an AFP ...
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Egypts anti-Morsi rebels gather millions of signatures
An Egyptian activist covers her face with the petition for "Tamarod," Arabic for "rebel," a campaign calling for 15 million signatures expressing "no confidence" in Egyptian President Mohammed Morsi and calling for early presidential elections, during a protest in Tahrir Square in Cairo on May ...
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Syrian watchdog says rebels are putting up fierce resistance to Hezbollah-led assault on Qusayr.
BEIRUT - Dozens of people, mostly combatants, have been killed in ongoing battles for the Syrian town of Qusayr, a watchdog said Tuesday, as Hezbollah sent new elite fighters to the rebel ...
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Romney speaks during campaign event in Virginia
U.S. Republican Presidential candidate Mitt Romney speaks during a campaign event in Richmond, Virginia, the United States, Nov. 1, 2012. With less than one week to go until the election day, Romney is campaigning in Virginia. (Xinhua/Fang ...
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Syria highlights US political impotence
By Ramzy Baroud In an article published on May 15, American historical social scientist Immanuel Wallerstein wrote, "Nothing illustrates more the limitations of Western power than the internal controversy its elites are having in public about what the United States in particular and Western European states should be doing about the civil war in Syria." Those limitations are ...
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Emirates NBD markets Tier 1 perp NC6 at low 6
By Sudip Roy Tue May 21, 2013 4:32am EDT LONDON, May 21 (IFR) - UAE lender Emirates NBD has begun marketing a Tier 1 perpetual non-call six year bond at low 6% on Tuesday, according to a source and lead manager. Books are open on the unrated Reg S-only issue, which is expected to launch and price on Wednesday. There is a 50 cents rebate for private banks. The bond is guaranteed by Emirates NBD ...
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Iran’s MFA issues official statement on release of Azerbaijani citizens
Abbas Araghchi: "Demonstrating goodwill we released the Azerbaijani citizens". "There are good relations between Azerbaijan and Iran," spokesman for Iran’s Foreign Ministry Seyed Abbas Araghchi said at the weekly ...
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Chaos caused by Libyan war delays action in Syria
Libya is now a center of jihadist terror. The Western intervention in Libya in 2011 accelerated the destabilization of the Libyan state and the North African and Sahel regions, and as a result chaos, weapons, and jihadist groups have spread outside of the state's borders, said Prof. Yehudit Ronen of the political science department at Bar-Ilan University.After the fall of Muammar ...
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Hezbollah ‘plays growing role in Syria’
Supporters of Hezbollah and relatives of Hasan Faisal Sheker, an 18-year-old Hezbollah member, carry the coffin during his funeral in Nabi Sheet near Baalbeck on Monday. About 30 Lebanese Hezbollah fighters and 20 Syrian soldiers and militiamen loyal to President Bashar al-Assad have been killed in the fiercest fighting this year in the rebel stronghold of Qusair, Syrian activists said on ...
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Iraq bombings kill five wound 69
FOUR bombings in northern Iraq killed five people and wounded 69, officials said, the latest in a spate of violence that has killed more than 370 people so far this month. Two car bombs exploded on Tuesday in a Turkmen Shi'ite area of Tuz Khurmatu, a town in Salaheddin province, killing three people, wounding 44 and causing extensive damage to 10 houses, police and a doctor said. And two ...
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Death toll in Turkish balloon crash reaches 3
ANKARA, Turkey: Officials say another Brazilian tourist has died of wounds sustained after a hot air balloon crashed to the ground, raising the number of tourists killed to 3. The balloon collided with another balloon mid-air and crashed during a sightseeing tour of volcanic rock formations in Turkey's Cappadocia region on Monday. The governor's office for Nevsehir province said ...
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McCully pledges peacekeeping troops to the Middle East
Minister of Foreign Affairs Murray McCully has offered to send New Zealand soldiers to the Middle East if there's an unsanctioned peace deal between Palestine and Israeli. The peace initiative's being brokered by US Secretary of State John Kerry, who received Mr McCully's offer in person. The latest violent protests on the West Bank erupted just last week. But despite the ...
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Cairo’s rights record concerns US
Washington - The United States expressed concern on Monday at the repression of civil rights in Egypt, particularly the free speech rights of political activists and ...
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Abu Iyadh to Tunisia rulers Thank you tyrants but we will never be defeated
TUNIS - The fugitive leader of Ansar al-Sharia, the radical Islamist group in Tunisia, said his supporters cannot be defeated despite their "persecution," in a recording posted online late Sunday after bloody clashes with ...
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Kerry Visits Oman Seeking Syria Peace Conference
U.S. Secretary of State John Kerry meets Tuesday with the sultan of Oman, on his latest stop in a campaign to help arrange a Syrian peace ...
Egypt Digest
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Egypt's oil industry is growing rapidly
Egypt has, in recent years, made immense gains in terms of economic performance. The country has long been the economic powerhouse of North Africa and Africa in general (second only to South Africa and Nigeria) and has taken great steps to reverse the highly-centralized economy inherited from President Gamel Abdel Nasser.
The oil and gas sector has long been one of the major strengths in the Egyptian economy, along with other natural resources such as minerals, gold and natural gas. Read more
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