EGYPT

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Obama looks to Mubarak for help in Mideast peace

U.S. President Barack Obama, looking to jump-start the stalled Middle East peace process, will hold talks Tuesday with Egyptian leader Hosni Mubarak, who Washington hopes can help to get things moving.

Daily Outlook - August 17 - Energy

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Crude oil futures declined to their lowest level in the entire month to below $66 per barrel on Monday on concerns over the economic recovery. Crude was trading down $1.42 at $66.09 per barrel in the New York Mercantile Exchange ahead of the opening of the market by 8:39 a.m. today.

Egypt signs $2.3 billion oil, gas agreements

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Egypt has signed agreements for oil and natural gas exploration that are expected to bring in new investments of $2.3 billion, an official at the Oil Ministry said on Monday.
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Hamas hits Qaeda allies in Gaza, over 20 dead

Palestinian Islamists Hamas struck back at an al-Qaeda challenge to their grip on the Gaza Strip by storming a mosque in overnight battles that left the leader of the Warriors of God splinter group among up to 28 dead.
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NAM summit calls for new world order

The Non-Aligned Movement (NAM) closed the 15th summit Thursday with a declaration to continue supporting each other as well as to promote disarmament and international security, peacekeeping, human rights and democracy.
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Stakes raised in German auto industry talks

RHJ International (RHJI.BR) declared its interest in Opel on Monday and Qatar looked to be moving closer to a 7 billion euro bailout of Porsche (PSHG_p.DE), raising the stakes in the battles for control of both German carmakers.
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G8 pledges $20 billion in farm aid to poor nations

G8 leaders pledged $20 billion (12.3 billion pounds) in farm aid to help poor nations feed themselves, surpassing expectations on the final day of a summit that has yielded little progress on climate change and trade.
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Egypt aims for IPO in life unit of Misr Insurance

Egypt's state-owned Misr Insurance may launch an initial public offering of its life unit by July 2010, if conditions permit, but the state would keep a majority interest, the Insurance Holding Company chairman said on Monday.
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Oldest Bible made whole again online

The surviving parts of the world's oldest Bible were reunited online Monday, generating excitement among scholars striving to unlock its mysteries.
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How North Korea earns money from arms sales?

North Korea fired seven ballistic missiles on Saturday, South Korea's defense ministry said, in an act of defiance against the United States as Washington cracks down on the secretive state's weapons proliferation.
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Dollar status unlikely to be in G8 communique: G8 source

The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
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Iraqis rejoice as U.S. troops leave Baghdad

U.S. troops pulled out of Baghdad on Monday, triggering jubilation among Iraqis hopeful that foreign military occupation is ending six years after the invasion to depose Saddam Hussein.
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9 Weird Things You Miss When You’re Not on the Road

I always know when it’s time for me to pack up the rucksack and hit the road again. It’s not when the tan lines fade, nor when the 9-5 grind starts to get me down, nor even when I start spending my lunch hour in travel agencies just looking at photos in their brochures.
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Fatah sets congress for August in Bethlehem

Top members of Palestinian President Mahmoud Abbas's Fatah movement agreed on Wednesday to hold its first congress in 20 years in August in Bethlehem in the Israeli-occupied West Bank.
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Sahara solar plan win-win for Europe and North Africa

A 400-billion euro ($554 billion) project linking solar power produced in the Sahara to energy users in Europe and North Africa is a win-win for both continents and could also promote integration around the Mediterranean, a German minister said.
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Inland China starts to feel the downturn

China's inland provinces are starting to feel the pinch of the global economic downturn companies and officials said at the 20th China Harbin International Economy and Trade Fair
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U.S. and EU cautious on Netanyahu

Palestinians voiced dismay on Monday over terms Benjamin Netanyahu set for a peace deal but the Israeli leader won guarded approval in Washington and Brussels for at least accepting Palestinian statehood.
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Palestinian dismay, U.S. and EU praise for Netanyahu

Palestinians voiced dismay on Monday over terms Benjamin Netanyahu set for a peace accord but the Israeli prime minister won U.S. and European praise over his conditional acceptance of Palestinian statehood.

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