Thursday 23 May 2013
 
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Crisis

Egypt crisis 'threatens food for poorest'

  Egypt's economic crisis poses a threat to basic nutrition in the country of 84 million people where the poorest spend more than half their income on food, the World Food Programme (WFP) said on Thursday.  

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UK boosts GCC ties as gobal crisis bites

The UK economy is still struggling to recover from the effects of the global economic crisis in 2008-09. Nonetheless, its importance as a trade and investment partner of the GCC is growing, according to QNB Group. The UK’s G

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Egypt rejects stop-gap IMF funding

  Egypt on Sunday rejected any suggestion of stop-gap IMF funding to help it through a political and economic crisis, saying only broad structural measures as part of a package agreed with the Fund can tackle the country's so

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EU leaders strike deal on austerity budget

European Union leaders have reached agreement on the first ever cut in their common budget after 24 hours of intense negotiations, seeking to placate millions at home struggling through government cutbacks and recession. The expec

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Global economies 'far off from recovery'

The global financial crisis is either a result of the inefficiency of markets or has been caused by government interfering in market and was likely to take a long time to recover, said an expert. "On the one hand you can look

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No room for complacency warns forum

  With the global economic crisis receding and concerns about Europe and the US subsiding, there is a danger of complacency, global business and civil society leaders warned.   “The optimism f

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Europe's crisis far from over, warn bankers

International bankers and finance ministers warned on Saturday that Europe's crisis was not over even though the euro currency is now stabilized, it will take years to overcome economic malaise and mass unemployment in Europe.

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Charred bodies found at besieged Algeria plant

Algerian special forces on Saturday found 15 burned bodies at a desert gas plant raided by Al Qaeda-linked fighters, two days after the army launched an assault to free hostages being held there by the Islamists, a source familiar with the crisi

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Foreigners still trapped in Algeria hostage crisis

More than 20 foreigners were captive or missing inside a desert gas plant on Saturday, nearly two days after the Algerian army launched an assault to free them that saw many hostages killed. The standoff between the Algerian army

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Algeria crisis ends; 30 hostages killed

Algerian forces stormed a desert gas complex to free hundreds of hostages but 30, including several Westerners, were killed in the assault along with at least 11 of their Islamist captors, an Algerian security source told Reuters.

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