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.

Due to free market economy and low taxation, Montenegro received 505m euros in Foreign Direct Investment (FDI) last year. According experts, FDI is expected to increase to 850m euros this year — and continue to rise progressively.

In a rapidly changing economic environment in Southeast Europe, many university graduates are unemployed. At a World Bank conference –“Young People in Eastern Europe and Central Asia: From Policy to Action”– held in Rome in May, many said that the unemployment trend could slow economic growth and lead to increased …

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.

Prime Minister Nouri Maliki sought to soften earlier comments that American troops can leave “any time they want”, saying Monday that Iraq’s security force was on the road to taking over from US troops — but it’s not there yet.

Iraq is on the verge of deeper disaster, and the violence that kills hundreds of people every week will only get worse in the months ahead, the country’s first post-Saddam prime minister said on Monday.

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

Israel plans to release 250 Palestinian prisoners by the end of the week, Prime Minister Ehud Olmert told Palestinian President Mahmoud Abbas as the two leaders met in Jerusalem on Monday.