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Egypt says global action needed to counter Islamic State CAIRO: Islamic State militants in Iraq and Syria are forging ties with other extremist groups in the region, Egypt's foreign minister said on Saturday, backing Washington's call for global action to counter the threat. Militant groups that share Islamic State's ideology and "take Islam as a cover" must be dealt with, Foreign Minister Sameh Shukri told a joint news conference with US Secretary of State John Kerry in the Egyptian capital. Egypt's strong public support for the US campaign against Islamic State contrasts with a mixed response elsewhere in the region and demonstrates how far Cairo has come in restoring its place as a premier US partner in the Arab world since its authoritarian crackdown and military takeover last year. "We will take all measures that are intended to eliminate this phenomenon altogether, whether in Libya or any other part of the Arab world or in the African continent in ...

Germany sending 40 soldiers to Iraqi Kurdistan BERLIN: Berlin is preparing to send around 40 soldiers to northern Iraq to train Kurdish fighters battling against militants from the Islamic State, the German army said on Saturday. Following a decision last month by the German government to provide Kurdish peshmerga forces with weapons, Berlin's defence ministry said it had sent six soldiers to its consulate in Arbil, northern Iraq, to "coordinate" joint training exercises. Additional teams will be "temporarily" deployed to Iraqi Kurdistan, ...
US insists no anti-militants coordination with Assad WASHINGTON: With momentum building for international military action against extremists in Syria, the United States reiterated Friday it will not coordinate with Bashar al-Assad in the effort."The answer to the security challenges is not the Assad regime," State Department deputy spokeswoman Marie Harf told reporters. "They have created this security vacuum. We are not going to be working with them in this fight," she added. "They have lost legitimacy to lead, period."An Assad advisor, Buthaina ...
US, France ramp up anti-militants efforts ARBIL: France's president travelled to war-torn Iraq and Washington's top diplomat to neighbouring Turkey Friday, ramping up efforts to address what they now see as the global threat posed by militants.Francois Hollande was the first head of state to visit Iraq since militant-led militants seized large parts of it in June, and he said France is ready to step up its military involvement.Meanwhile, US Secretary of State John Kerry was in neighbouring Turkey, which many ...
Kerry confident of broad anti-IS coalition ANKARA: US Secretary of State John Kerry expressed confidence Friday of building a broad coalition including Arab and European nations against Islamic State militants, on a visit to Turkey which has refused to allow strikes on the extremists from its territory.The top US diplomat also voiced Washington's opposition to Iran joining a conference on the Iraq crisis in Paris on Monday.Kerry held talks in Ankara with Turkish President Recep Tayyip Erdogan as part of a ...
Saudi oil minister plays down drop in oil price KUWAIT CITY: Saudi Oil Minister Ali al-Nuaimi Thursday played down the drop in oil prices saying this is not the first time crude prices slumped."Prices of oil always go up and down so I really don't know why the big fuss about it this time," Nuaimi told reporters ahead of a regular meeting for oil ministers of the energy-rich Gulf Cooperation Council (GCC) states in Kuwait City.The Saudi minister, whose country pumps over 9.5 million ...
Yemen president, rebels reach accord: presidency source SANAA: Yemen reached an agreement with Shia rebels, who have been protesting for weeks in Sanaa, to end the country's latest political impasse, a source close to the presidency said on Thursday."An accord was reached... late on Wednesday" by which "a new prime minister will be named within 48 hours" and fuel prices will be further cut, the source said. In return, the rebels have agreed to "dismantle their protest camps and pull their armed ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln