EGYPT

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Egypt stimulus plan worth up to $3.4 billion: finmin

Egypt has adopted a stimulus plan with the aim of injecting 10 billion-20 billion pounds ($1.72 billion-$3.44 billion) into the economy in the 2011 calendar year, the country's finance minister said on Sunday.

World economy can withstand $100 oil price: Kuwait

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The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister said on Saturday, as other exporters indicated global production was unlikely to rise in 2011 because the market was well supplied.
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Arab OPEC ministers to meet as oil price tops $91

Arab OPEC ministers began arriving in Cairo on Thursday ahead of talks expected to broach how high an oil price the world economy can stand as crude jumped to a more than two-year high above $91 a barrel.
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Nema bay in Egyptian Red sea resort of Sharm el-Sheikh

Egypt mulls promotion of ecotourism

The ministry’s decision came within few days from the recently concluded United Nations Climate Change Conference in Cancun, Mexico in which, role of tourism in climate change agenda was equally positioned.
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Value Travel: 8 cheapest Christmas getaways

From the Jamaican beach in Caribbean to the Christians’ Holy Lands, there are many exotic places available for a cheap vacation this holiday season. Here’s a list of 8 most cheap destinations for your Christmas getaways.
Palestine - A distant dream or a near reality?

Palestine - A distant dream or near reality?

Young kids hurling stones at army tanks, stifling curfews, incongruous checkpoints and an unrelenting settlement activity...The visualization of the word 'Palestine' is unlikely to change any time soon. Fathers would still have to carry children on their shoulders to protest against the army incursions while their mothers rally in support of people forced out as a result of expanding settlements. The peace talks have been officially stalled, the latest of the news reports suggest.
 Iran

Ahmadinejad claims Wikileaks data 'released' by US, not 'leaked'

Iranian President Mahmoud Ahmadinejad claimed that the documents published by whistle-blower website Wikileaks were released intentionally by the U.S. administration. In an interview to the state-run Press TV Ahmadinejad maintained that the documents would not impact the country's relations with other Arab governments.
The uneasy peace between Israel and Egypt

Too fragile, too frosty...

It's been 33 years since Egypt's President Anwar El Sadat visited Israel. He then became the first ever Arab leader to engage with Jewish state. Though the United States brokered peace between the two nations, recent political developments suggest that things could go off balance in the coming months.
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Obama brings Mideast leaders together for peace push

President Barack Obama urged Israeli and Palestinian leaders on Wednesday not to let the chance for peace slip away, bringing them together for ceremonial handshakes at the White House on the eve of relaunching direct talks.
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Obama to Mideast leaders: seize moment for peace

President Barack Obama urged Israeli and Palestinian leaders on Wednesday not to let the chance for peace slip away as he opened a U.S.-sponsored summit to relaunch direct talks shadowed by Middle East violence.
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Israel hints Jerusalem compromise in peace talks

Israel's defence minister said on Wednesday the Jewish state would be willing to hand over parts of Jerusalem in peace talks with the Palestinians to be launched by U.S. President Barack Obama.
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Obama's Mideast push clouded by West Bank attack

U.S. President Barack Obama was poised on Wednesday to launch a new U.S. push for Middle East peace even as a flare-up of Hamas violence and a deadlock over Israeli settlements loomed as potential deal-breakers.
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Russia drought may eat further into grain crop

Russia's severe drought may cut its grain output by 40 percent this year, a leading analyst said on Monday, as Russia's weather service forecast short-lived rains in some areas which could help planting for next year. Leading Russian agricultural analyst SovEcon said it cut its 2010 grain crop forecast to 59.5-63.5 million tons from a previous forecast of 70-75 million tons, a day after Russia's first grain export ban for 11 years kicked in.
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Rare 2200 yr old gold coin found in Israel

Israeli Antiquities Authority (IAA) have discovered a rare gold coin dating back to 2,200 years. It weighs almost an ounce while most gold coins weiged 4.5 gms, CNN reported. The coin was minted in Alexandria, Egypt, by Ptolemy V and dates to 191 BCE. It is only the second gold Ptolemaic coin ever found in Israel.
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U.S. wheat rebounds, up 2 percent ahead of USDA report

U.S. wheat futures bounced back on Wednesday, snapping a three-session losing streak, as traders took positions ahead of a key U.S. government report expected to estimate lower global output after Black Sea crop damage.
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BP defends CEO, eyes new option for plugging well

BP Plc defended its embattled chief executive on Wednesday and denied a report he would leave soon as the company explored a new approach in the Gulf of Mexico to end the worst oil spill in U.S. history.
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BP denies CEO leaving as it readies asset sales

BP denied a report its embattled chief executive would leave soon, as it lined up $7 billion in asset sales to help pay for the worst oil spill in U.S. history, lifting its shares on Wednesday.

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