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UAE ‘Mubadala’ Acquires 10% of Egypt's Shorouk Field

UAE’s Mubadala Petroleum has announced that it has completed the acquisition from Italy’s Eni of a 10 percent interest in the offshore Shorouk concession in Egypt, which contains the giant Zohr gas field. Following the completion, Eni, through its subsidiary IEOC, holds a 50 percent interest in t

Tunisia, Canada Seek Concluding FIPA

Tunisia’s Minister of Foreign Affairs Khemaies Jhinaoui and Canadian Minister of International Trade François-Philippe Champagne met and discussed means to advance the current negotiations towards a Foreign Investment Foreign Investment Promotion and Protection Agreement (FIPA). During the two-da

Diplomat: Algeria Deployed 80,000 Troops on Borders with Mali, Libya

Italian Ambassador in Algeria Pasquale Ferrara said that the Algerian army has deployed 80,000 troops on the southern borders (Mali and Niger) and the eastern borders (Libya). Ferrara, who is currently visiting Rome for a conference on migration organized by LUISS University, revealed the existen

Syria’s Assad Regime Determined to Boost Trade with Iran

Syrian Economy and Foreign Trade Minister Mohammad Samer al-Khalil with Iran’s First Vice President Eshaq Jahangiri discussed on Sunday the final steps in announcing a strategic trade agreement between Tehran, Damascus and Baghdad.

Baghdad: Clashes between Iraqi 'Hezbollah', Police

Iraqi police arrested on Wednesday a member of Iraqi 'Hezbollah' for being involved in a shooting that killed a policeman and wounded at least two people in central Baghdad, an interior ministry official said. Iraqi police surrounded the Baghdad headquarters of the Hezbollah Brigades in Palestin

Lebanon: Suicide Attempt Every Six Hours

Lebanon is witnessing frequent suicide attempts among its youth, revealing mounting cases of depression, which, according to specialists, are closely linked to the deteriorating social and economic situation.   Last week, more than four cases of suicide were reported in several Lebanese areas, whi

LNA Regains Control over Key Libya Oil Ports

The Libyan National Army said on Thursday it had rapidly retaken the shuttered key oil export terminals of Es Sider and Ras Lanuf, where the head of Libya's National Oil Corporation (NOC) said he hoped operations would resume in a "couple of days". Staff were evacuated from the key terminals in L

Exclusive: Yemen Humanitarian Operations Official Says Staff Prepared to Facilitate Any Relief Effort 

Yemen's national humanitarian support center, referred to as Yemen Humanitarian Operations, announced that Yemeni imports increased from a monthly 1.1 million metric tons to 1.5 million metric tons per month by April 2018, positively affecting the economic situation and improving living conditions f

US National Security Adviser Set to Visit Moscow- Kremlin

The Kremlin said Thursday that US President Donald Trump's national security adviser is to visit Moscow. Asked to comment on an Interfax news agency report that John Bolton is due to visit Russia next week as part of preparations for a US-Russian summit, President Vladimir Putin's spokesman Dmitr

Saudi Arabia Added to MSCI Emerging Markets Index

Index provider MSCI said on Wednesday it will begin including Saudi Arabia in its classification as an emerging market, sharply broadening the investor base for the country in a move that could support their equity markets. Meanwhile, Saudi stock market resumed its trading following the suspensio

Erdogan Doesn't Rule Out Coalition If No Majority as he Seeks New Term

Turkish President Recep Tayyip Erdogan has said he does not rule out forming a coalition in parliament if his ruling-party led alliance does not win an overall majority in tight polls on Sunday. Erdogan's Justice and Development Party (AKP) -- running together with its junior partner the National

Afghan Official Says Taliban Kill 8 Police

The Taliban made two separate attacks in Afghanistan Thursday, killing up to 8 police, according to officials. AP reported the spokesman for the governor of the southern Ghazni province, Arif Noori, as saying that six police were killed in an attack on security posts early Thursday.

Egyptian Parliament Mulls New Taxes on Higher Earners

The House Planning and Budget Committee in Egypt is mulling to amend the Income Tax Law by adding a new tax amounting to 25 percent on high income earners, or those with annual salaries of more than EGP 500,000 (approximately $28,000). According to the income tax law, Egyptians pay taxes based on

Baghdad: Clashes between Iraqi Hezbollah, Police

Iraqi police arrested on Wednesday a member of Iraqi Hezbollah for being involved in a shooting that killed a policeman and wounded at least two people in central Baghdad, an interior ministry official said. Iraqi police surrounded the Baghdad headquarters of the Hezbollah Brigades in Palestine

Tehran Warns From Aftermath of Nuclear Deal Collapse

Iranian Atomic Energy Organization Head Ali Akbar Salehi, in a meeting with United Nations Chief António Guterres on the sidelines of the Oslo Forum, said his country believes that European proposals for saving the nuclear deal are insufficient, expressing doubt on Iran staying in the agreement.

Iraq Court Endorses Manual Election Recount, Rejects Invalidation of Some Votes

Iraq's supreme court on Thursday ordered a manual recount of last month's legislative elections but rejected the invalidation of ballots from abroad and from voters displaced by the conflict with ISIS. The court found that the decision by parliament to order a manual recount in response to allega

Erekat: Washington is a Partner in Israel’s Practices

The Palestinian Authority strongly criticized the US decision to withdraw from the UN Human Rights Council, and considered it as sufficient proof of US bias towards Israel.   “The decision of the administration of US President Donald Trump to withdraw from the UN Human Rights Council shows that Wa

The Top 10 Breakthrough Stars of the Season in Europe's Big Leagues

10) Trent Alexander-Arnold, Liverpool Trent Alexander-Arnold has profited from injuries to both Nathaniel Clyne and Joe Gomez over the course of the season to become Liverpool’s first-choice right-back.

Israeli-Palestinian Escalations Could Lead to New War on Gaza

Israeli fighter jets hit 25 Hamas targets in Gaza Strip early Wednesday, in an overnight escalation with around 45 rockets fired from Gaza towards Israeli targets. The Israeli offensive on Gaza began when flaming kites were launched from the enclave at Israeli targets, causing fires. Israeli o

Iran’s Khamenei Slams Iranian Efforts to Join FATF

Iran’s Supreme Leader Ali Khamenei ended all government hopes on passing a draft bill forbidding the funding of terror groups and money laundering. The draft bill blocked by Khamenei was a step in the direction of Iran joining in on the international Financial Action Task Force on Money Launderin

UAE: Hodeidah Operation Aims to Break Political Deadlock

The UAE said that the operation to liberate Yemen’s Hodeidah port aimed to “end the deadlock in the political process”, due to the Houthis’ continuous violations of UN Security Council Resolution 2216. UAE State Minister for International Cooperation Reem Al-Hashemi addressed a letter to the cur

Lebanon: Mashnouq Reneges on Canceling General Security Decision on Iranian Passports

A meeting between Interior Minister Nohad al-Mashnouk and Director General of the General Security Major General Abbas Ibrahim ended a possible crisis over the entry of Iranians into Lebanon without the stamping of their passports.   The interior minister said he would review the issue with Prime

Libya: UK Hints It Would Impose Int'l Sanctions against Armed Militia Leader

UK ambassador to Libya, Frank Baker, hinted on Wednesday that the UN Security Council might impose punitive measures against Ibrahim al-Jathran, commander of the armed militias that attacked the Crescent oil region, revealing that his country is contacting members of the Security Council in this reg

New Zealand PM Gives Birth to Baby Girl

New Zealand Prime Minister Jacinda Ardern gave birth to a baby girl in the country’s largest public hospital in Auckland Thursday, becoming only the second world leader to do so while in office. "I'm sure we're going through all of the emotions new parents go through, but at the same time feeling

1,000-Year-Old Amulet with Arabic Blessing Found in Jerusalem

Archaeologists in Israel have unearthed under a parking lot an extremely rare clay amulet, which dates back to the 9th or 10th century, Britain’s The Daily Mail has reported. The newspaper said that the clay artifact was uncovered during the excavation of a parking lot at the City of David.

Ex-Minister to Asharq Al-Awsat: Heads Should Roll to Resolve Lebanon's Illicit Arms

Former Interior Minister Marwan Charbel told Asharq Al-Awsat on Wednesday that “big heads should start rolling” if the Lebanese authorities want to end the proliferation of weapons in Lebanon. Charbel said political parties should promote stability and development projects in the country instead

Syrian Regime Starts Cutting Off Opposition-Held Areas in South

Syrian regime forces launched on Wednesday a military operation aimed at cutting off opposition-held villages and towns in the southwest of the country, mainly in areas committed to a de-escalation agreement between the US, Russia and Jordan. “Regime forces continued shelling areas in the eastern

Clashes at Yemen’s Hodeidah Corniche that Leads to Port

Yemeni military sources asserted on Wednesday that clashes between Joint Yemeni forces backed by the Arab Coalition and rebels in the city of Hodeidah have moved to the Corniche street that leads to the strategic port. Secretary of Hodeidah district Waleed Al Qadimi told Asharq Al-Awsat on Wednes

EU Launches its External Investment Plan in Morocco

The European Union and Morocco have launched the EU External Investment Plan (EIP) in the country to create a better business environment and foster economic development. “The European Union is strongly committed to supporting Morocco in building a sound, inclusive and sustainable economy,” the E

EU Adopts Largest Ever Aid Package to Lebanon

The European Union has adopted an unprecedented support package to Lebanon of €165 million through the EU Regional Trust Fund, it announced in a press release on Wednesday. The new package supports public education, social assistance to all vulnerable populations and strengthening the resilience

King Salman Hopes Kabul-Taliban Truce will be Renewed

Custodian of the Two Holy Mosques King Salman bin Abdulaziz has followed with great interest the truce reached by the Afghan government and Taliban movement during Eid al-Fitr, expressing his support for it, a Royal Court statement said on Wednesday. King Salman hoped that the truce will be renew