Leading News Source For Middle East
International Financial Corporation (IFC), a member of the World Bank Group, approved last year $839 million loans to banks in North Africa & Middle East region to help them provide trade financing for their clients, boost cross border trade and Read more
Egypt’s foreign minister Sameh Shoukry arrived in Lebanon late Monday to help the country end the presidential deadlock that has been going on for more than two years. Shoukry who insisted that Egypt’s role is that of a facilitator, held Read more
A report leaked through broadcaster ARD has revealed that the German government is cautious in its dealings with neighboring Turkey because “as a result of the step-by-step Islamization of its foreign and domestic policy since 2011, Turkey has become the Read more
Secretary General of the powerful Tunisian General Labor Union (UGTT) Houcine Abassi met with Prime minister-designate Youssef Chahed on Tuesday, part of consultations for the formation of a national unity government. Abbasi said the union is not interested in power Read more
Speaker of the Iranian parliament Ali Larijani flatly denied reports of Russian warplanes using an Iranian airbase to launch attacks on the Islamic State in Syria. “No base has been given to the Russian military forces” the speaker clarified when Read more
Major oil producers could be on the verge of reaching an agreement to stabilize the oil market and boost prices. Russian energy minister Alexander Novak said there are consultations between Riyadh and Moscow and they are “ready to achieve the Read more
King Abdullah II of Jordan expressed his dismay at the recent clashes between Palestinians and Israeli forces at the Al-Aqsa mosque compound, accusing the Jewish State of trying to impose a new reality. In an interview with Jordanian newspaper al-Dustar, Read more
The stand-off between the Parliament and Prime Minister Haider al-Abadi eased on Monday following the approval of all the ministers he picked up with the exception of the nominee for the trade department. The government is however under pressure after Read more
Five political parties, four NGOs and tens of union leaders and public figures have petitioned President al-Sisi not to approve the three-year $12 billon loan agreement with the International Monetary Fund (IMF) deeming the deal will lead the “miserable” economic Read more
Pro UN-backed government forces are gaining grounds in the battle to end the control of the Islamic State on the coastal city of Sirte. “The forces have made more progress in neighborhood Number Two, with help from artillery and from Read more