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 …

Polish President Lech Kaczynski voiced hope Monday (July 16th) that a US project to build a missile defence shield in Eastern Europe, which is fiercely opposed by Russia, will be completed successfully.