Cairo – International investment institutions expected Egypt to witness a significant economic improvement starting next year in terms of foreign investment inflows, especially in the oil and gas, real estate and consumer product sectors. They also forecast inflation rates to fall sharply in t
Erbil- After Iraqi Prime Minister Haider al-Abadi announced early Sunday the start of a battle to retake Tal Afar, Iraqi forces, supported by the US-led coalition and the Iraqi airforce, managed to complete the first phase by liberating large areas in the outskirts of the city. Iraqi forces exceedin
Rome, London – Three people were killed and priceless original manuscripts from the Renaissance era were destroyed after a fire broke in a historical building in the southern Italian city of Cosenza, reported the German news agency (dpa). The victims have yet to be identified, but they are pre
New Delhi, London The German News Agency reported that an increase in swine flu cases in India has caused more than 900 deaths since January, Health Ministry officials. The numbers are almost triple the swine flu deaths recorded in all of 2016, but less than the 1,786 deaths recorded in 2015. Swine
London- China has imposed new restrictions on Chinese companies’ overseas investments, preventing them from working in many sectors, such as sports clubs, hotels, cinemas, real estate and entertainment. After it long motivated its companies’ overseas acquisitions, Beijing abruptly changed its
London- Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya’s Zueitina port, its first from the war-torn north African country in 5 years, two industry sources told Reuters on Saturday. “Libya is a significant resource holder and Shell International Trading an
Damascus- Syria’s diplomatic cable held a meeting to outline the regime’s foreign policy for the upcoming period, said informed sources. Sources told the German news agency, DPA, that the meeting coincided as regime troops pushed for control over swathes of Syrian heartland. On Friday, it was announ
Helsinki– A Moroccan asylum seeker was arrested for killing two women in a knife rampage in what is being investigated as Finland’s first terrorist attack, Finnish police said on Saturday. The suspect, 18 years old student, attacked eight people, six of which were women, in the crowded market
London- US stocks lost ground late to end lower on Friday triggered by investors’ worrisome in regard of the Trump administration’s ability to implement its pro-growth agenda, following changes in the White House. The Dow Jones Industrial Average .DJI fell 76.22 points, or 0.35 percent,
Dubai – United Arab Emirates State Minister for Foreign Affairs Dr. Anwar Gargash said that the crisis with Qatar highlights the role Saudi Arabia plays in the Gulf region. He said that Riyadh will continue to play a central role in the area, underlining the role of Custodian of the Two Holy Mosques
London- A car bomb on Saturday hit the Syrian port city of Latakia, the Lebanese Hezbollah group’s al Manar television station and a monitor said. The blast lead to injuries according to reports. A statement by Reuters read that the television station flashed that an explosive laden car caused
San Francisco, London- Facebook Inc is testing a feature in the Facebook News Feed that provides customized links to news on topics of interest to individual users, as the company continues to search for ways to increase the amount of time that people spend using the world’s largest social med
Jeddah- Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has called for the creation of a special operations room that will cater to Qatari pilgrims as they visit Makkah for the holy Hajj pilgrimage in the coming week in light of the cut of diplomatic relations between the two cou
Abu Dhabi- A former Emirati Muslim Brotherhood member Issa al-Suwaidi said that Doha has become a training hub for suspicious groups with direct and indirect links to international organizations that are training youths to destabilize their states. The documentary featured the confessions of Suwaidi
New York- Saudi Arabia has said it is installing four cranes at three ports in Yemen to speed up the delivery of humanitarian aid and was ready to do the same at the key insurgent-held port of Hodeidah if it was placed under the control of a neutral party. The cranes are being installed at […
Beirut- Faylaq Al-Rahman accepted on Friday to join the de-escalation agreement in the eastern suburbs of Damascus after signing a deal with Russia to halt hostilities as of 9 pm and to lift the siege of eastern Ghouta. “Following three days of negotiations with the Russian side, an agreement was si
Washington- White House chief strategist Steve Bannon said in an interview published Wednesday that the US is at “economic war with China” and dismissed the ratcheting up of tensions stemming from North Korea’s nuclear and ballistic missile activity as “just a sideshow.”
Riyadh- Moody’s has affirmed that the drop in the Saudi budget deficit in the first six months of 2017 to less than the half compared to the same period in 2016 is a credit positive to the sovereign of the kingdom. Saudi Arabia has achieved a remarkable progress in revenues of the H1 of 2017, [&hell
Irbil – Iraqi forces have for months been preparing to launch a military operation to expel the ISIS terrorist group from the city of Talaafar, west of Mosul. Some 100,000 civilians are trapped in the city and the Niniveh province council stressed the need to open safe passageways for them to facili
Algiers- Algerian President Abdelaziz Bouteflika carried out a minor cabinet reshuffle on Thursday, only two days after dismissing the prime minister. The reshuffle included the appointment of Youcef Yousfi as minister for industry and mines, Mohamed Benmeradi as trade minister and Abdelwahid Temmar
