Karim Abadir, founding member of the Free Egyptians Party, talks to CNBC about Egypt's failing economy, and the lack of any coherent plan.» Read More
AMMAN, May 25- Arab spring countries face rising social tensions that could thwart an early economic recovery from over two years of political turmoil that has worsened fiscal pressures and threatens macroeconomic stability, a senior IMF official said on Saturday.
TUNIS, May 23- For the first time since the Arab Spring uprisings of 2011, relations between mainstream Islamists in government and radical Salafist Muslim activists have reached breaking point, sparking deadly clashes in two Tunisian cities.
*Sudan hopes to offset loss of oil to South Sudan. NEAR SOFIYA, Sudan, May 22- In a hangar-shaped factory hall in central Sudan a dozen workers rush to pack refined white sugar gushing from a funnel into paper bags to be loaded on three trucks parked outside.
*Cairo needs to cut spending but austerity risks more social unrest. *Analysts urge Cairo to move quickly to secure IMF loan. AL-SAFF, Egypt, May 22- Hundreds of soot-stained factory chimneys dot the horizon in the industrial city of al-Saff, south of Cairo, but only a few spew black smoke.
*Israel hopes gas finds will strengthen diplomatic hand. TEL AVIV, May 22- Israel's newfound natural gas reserves will boost its regional clout and could help it improve ties with neighbouring states in need of new energy sources, Energy Minister Silvan Shalom said.
SEOUL/ BEIJING- North Korea sent one of its top military officials as a "special envoy" from its leader Kim Jong- un to Beijing on Wednesday, accompanied by a high-powered delegation in what appeared to be a bid to mend frayed relations with its most important ally.
WASHINGTON- Two senior White House aides knew weeks ago that a probe of the Internal Revenue Service had found that the U.S. tax agency had inappropriately targeted conservative groups, but did not tell President Barack Obama, a White House spokesman said on Monday.
WESTERLY, R.I.-- Seven months after Superstorm Sandy pummeled Rhode Island's southern shore, the great mounds of sand are gone, and the twisted metal and splintered wood hauled away, replaced by workers and backhoes as beachfront businesses hurry to complete repairs before the arrival of another New England summer.
NEW DELHI- India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas.
CAIRO, May 15- Egypt said on Wednesday it had settled disputes with the Dubai- based developer DAMAC involving projects dating back to the Mubarak era- an agreement the government hopes will reassure prospective investors.
"I've had enough of Sudan and will go to Saudi Arabia," said Taha. " Taha, who has been working in an office accounts department for two years because he could not find a professional post, has just been hired as an engineer by a construction firm in Saudi Arabia- a move that will increase his salary sevenfold to 2,500 Saudi riyals a month.
LONDON, May 14- Oil and gas group BG will focus on exploration, liquefied natural gas and selling or partnering more of its discoveries as part of a new emphasis on profitability after being forced to cut ambitious output targets.
*OCI NV to press ahead with plan held up by Egypt govt. OCI NV said on Tuesday it would offer holders of OCI's Egypt- listed shares the option of swapping them for OCI NV shares or a cash alternative of 255 Egyptian pounds per share.
LONDON, May 14- BG Group is to focus more tightly on oil and gas exploration, Liquefied Natural Gas, and bringing partners into projects at an early stage, in a bid to boost value per barrel after being forced to abandon ambitious output growth targets.
The company set the target in a strategy announcement, led for the first time by new chief executive Chris Finlayson, who took over this year as the company faces production challenges in Egypt and embarks on costly investments in Brazil and Australia.
Two contestants are from civil war-ravaged Syria, including a singer-composer whose bus was ambushed by gunmen en route to her audition and a music student who brought judges to tears with a song lamenting the devastation of his hometown of Aleppo.
ISTANBUL, May 11- The European Bank for Reconstruction and Development is considering ways to help small businesses in emerging Europe, including through direct lending, as the region suffers lacklustre growth, its president said on Saturday.
*Large economies of Russia, Poland, Turkey lead slowdown. ISTANBUL, May 10- Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy. "It's really a story of three big countries- Russia, Poland and Turkey.
LONDON, May 9- Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy.
LONDON, May 9- In a neighbourhood mired in recession or political turmoil, Turkey is hosting the region's development bank as a dynamic economic leader rather than a needy recipient.