Islamic-World

U.S. Secretary of State Condoleezza Rice will meet Arab foreign ministers in the Red Sea resort of Sharm el-Sheikh at the end of July, Egypt’s foreign ministry said on Tuesday.

The Egyptian government has decided to offer the second of the original four state-owned commercial banks for sale to a strategic investor. However, the deal may not proceed quite as smoothly as the privatisation of Bank of Alexandria, which was sold to San Paolo IMI of Italy last October for …

A bloody eight-week-old battle between the Lebanese army and Islamists claimed the life of its 100th soldier on Monday, as a blast hit a UN post in the south of the country.

The American embassy in Khartoum denied Monday allegations by Sudanese officials that the US was involved in an alleged plot to destabilise the government.

Egyptian Prime Minister Ahmed Nazif said on Monday he expected the privatisation of Banque du Caire to raise more than $1.6 billion in a public auction that would be open to foreign bidders with no restrictions.

An Egyptian official has cast doubt on the authenticity of a recently-released Fatah video showing Hamas members planning the assassination of Palestinian Authority Chairman Mahmoud Abbas via a tunnel bomb, Israel Radio reported on Monday morning.

Cairo ­ International figures, representatives of international rights groups, journalists and members of the legal profession, continue to huddle around Egypt’s Muslim Brotherhood following a trial session of its top members that was described as “shameful” and its legality was seriously questioned.

An Egyptian military court barred former U.S. attorney general Ramsey Clark from observing a trial session on Sunday for 40 opposition Islamists on charges that include money-laundering and terrorism, an Islamist source said.

Egypt’s powerful chief of intelligence, who acts as a key diplomatic link with the United States and Israel, flew to Washington on Sunday for talks with administration officials on bilateral ties and Mideast issues, officials said.

Egypt’s main stock indexes rebounded on Sunday from last week’s correction, carried by a strong rally in the housing sector and a rise in investment bank EFG-Hermes, traders said.