Section: Egypt
Russian Ruble Falls as Oil Prices Tumble Further
The ruble looked set for its steepest one-day fall since the Russian financial crisis of 1998, plunging about 4 percent on Monday as oil prices slid below $70 a barrel. Battered by low oil prices and the conflict in eastern Ukraine, the ruble has been declining throughout the year, losing about 42 percent of this value since January. The Russian...
Ukraine: Unauthorized Convoy Crosses Border From Russia
Ukraine accused Moscow on Sunday of again using alleged aid shipments to send weapons… …read more Source:...
Nuweiba-Taba Investors Association requests increased security measures
Investors Association requests Sharm El-Sheikh-style security measures due to fears of terrorist bombings targeting tourists(AFP Photo) The Nuweiba-Taba Tourism Investors Association has requested security checkpoints be intensified and surveillance cameras be installed in hotels and resorts as in Sharm El-Sheikh, according to an association...
Saudis block OPEC output cut, sending oil price plunging
Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.Brent oil LCOc1 fell more than $6 to $71.25 a barrel after OPEC ministers meeting in Vienna left the group’s output ceiling unchanged...
EU Adds 13 Ukrainians, 5 Groups to Sanctions List
The European Union on Thursday added five separatist groups and 13 Ukrainians to the bloc’s sanctions list for their roles in elections this month in rebel-held eastern Ukraine, diplomats said. The action taken by the 28 EU ambassadors “responds to the separatist vote which undermined … the implementation of the Minsk...
NATO Concerned Over Russian Activity in E. Ukraine
NATO’s top military commander says a “large number” of Russian troops are still operating in eastern Ukraine, providing the “backbone” to separatists fighting government forces. U.S. Air Force General Philip Breedlove spoke to reporters in Kyiv on Wednesday, after meeting with top Ukrainian officials. “Inside Ukraine we still...
Critics: UN Resolution on Nazism Too Restrictive on Rights
UNITED NATIONS—As Russia continues to deny military involvement in Ukraine, it appeared to be fighting an image war last week at the United Nations – in what has become an annual exercise in condemning Nazism and racism. For about a decade, the U.N. General Assembly committee that deals with human rights has voted each year …...
French Far-right National Front Reveals Russian Financing
LONDON—Amid growing evidence of links between the Kremlin and far-right groups across Europe, France’s National Front has admitted taking a multimillion-dollar loan from a bank controlled by Russia. The admission came as the French government postponed a contract to deliver two warships for Russia. In a statement Tuesday, the French...
Political Pressure Mounts on Ukraine’s Poroshenko
KYIV, UKRAINE—Political pressure is mounting both at home and abroad on Ukraine’s President Petro Poroshenko, with critics arguing he lacks direction in combating a pro-Moscow insurgency in the east and not moving fast enough on reform. A month after Ukraine held its first parliamentary polls since the ouster of pro-Moscow President Viktor...
France Postpones Decision on Delivery of Mistral Carriers
PARIS—French President Francois Hollande delayed indefinitely on Tuesday his decision on whether to deliver the first of two Mistral helicopter carriers ordered by Russia but whose status is in limbo as a result of the conflict in Ukraine. “The President of the Republic considers that the situation in the east of Ukraine… …read more...
