Section: Egypt
US says Assad must go, timing down to negotiation
US Secretary of State John Kerry said on Saturday Syria’s President Bashar al-Assad has to go but the timing of his departure should be decided through negotiation. Speaking after talks with British Foreign Secretary Philip Hammond in London, Kerry called on Russia and Iran to use their influence over Assad to convince him to negotiate a...
Sweden could join NATO if Russia’s aggression persists
Moscow’s bellicose behavior in Ukraine and the Baltic region has triggered a debate about NATO membership in Sweden. While joining the alliance is unlikely anytime soon, Swedes are clearly reassessing their options. The sentiment of traditionally nonaligned Swedes toward applying for NATO membership has undergone a notable shift within the...
Deutsche Bank to trim business in Russia
Germany’s biggest bank has announced it would close its onshore corporate banking and securities business in Russia amid a strategy change aimed at reducing complexity, costs, risks and capital consumption. Deutsche Bank said in a statement released Friday that its Russian Corporate Finance and Markets businesses would now operate from...
US, Russian defense chiefs discuss ‘de-conflict’ in Syria
The US and Russia’s heads of defense have discussed ways to tackle the Syrian conflict amid a Russian military buildup in the country. The conversation follows Kremlin’s announcement that it could deploy troops to Syria. US Defense Secretary Ash Carter called Russian Defense Minister Sergei Shoigu on Friday, the first step in...
U.S. sees military talks with Russia on Syria as important next step: Kerry
U.S. President Barack Obama believes that holding military talks with Russia on Syria is an important next step and hopes they will take place very shortly, Secretary of State John Kerry said on Friday. Russia, which is building up a military presence in Syria, was quick to say that Moscow was also ready for talks with the United States. At a...
Moscow’s military move complicates Washington’s Syria conundrum
From the beginning of the conflict in Syria, Washington has been caught between a rock and hard place on how to respond. Russia’s latest military move in Syria has dimmed recent hopes for a diplomatic solution. In what appears to be a coordinated effort timed for the opening of the UN General Assembly, Russia and Iran have upped their...
Oil supply forecast to shrink next year
Cheap oil prices have been massively affecting global markets, from countries’ budgets to world food prices. Now the oversupplied oil market is in for a rebalancing as non-OPEC producers like the US and Russia cut back. Oil production from non-OPEC countries is expected to plunge next year – perhaps the steepest decline since the Soviet...
7% growth in tourist arrivals expected by year-end: Minister of Tourism
Minister of Tourism Khaled Ramy acknowledged the negative effect of July’s terrorist attacks on next winter’s reservations. The minister told Daily News Egypt that the current year will end with a growth of 7% in tourist numbers, compared to last year, during which 10 million tourists arrived to Egypt. However, he said Egyptian...
U.N. says close to 8,000 killed in east Ukraine
At least 7,962 people have been killed and 17,811 wounded in violence in eastern Ukraine since mid-April 2014, the U.N. Human Rights Office said on Tuesday, as it published a regular report by U.N. monitors in the country. “This is a conservative estimate and the actual numbers could be considerably higher,” it said. (Reporting by Tom...
Hit by new wave of refugees, Germany warns EU partners
Struggling to cope with record numbers of asylum seekers, Germany told its European partners on Monday they too must take in more refugees, as police in Hungary used pepper spray on desperate migrants who broke out of a reception center at the border. Chancellor Angela Merkel, speaking after a weekend in which 20,000 migrants entered Germany from...
