EGYPT

Ethiopia has penalised retailers and suppliers in the capital who raised the prices of consumer goods such as bread by amounts higher than caps set in January, authorities said on Thursday.

Ministers from Hezbollah and its Lebanese allies resigned Wednesday, toppling the government of Prime Minister Saad al-Hariri before expected indictments against the Shi'ite group over the killing of Hariri's father.

Libya has abolished taxes and custom duties on locally-produced and imported food products in response to a global surge in food prices, Oea online newspaper reported.

Investors are likely to pour more funds into Egypt in 2011 as a strengthening economy and attractive yields outweigh a fragile social backdrop and uncertainty ahead of a presidential election.

The risk that parlous government finances will trigger sovereign debt defaults remains one of the biggest threats facing the world in 2011, according to the World Economic Forum.

Scientists using NASA's Fermi Gamma-ray Space Telescope have detected beams of antimatter that produced above thunderstorms on Earth, something never seen before.

Food prices will continue to haunt the world in 2011, even as the UN's Food and Agricultural Organization warned of 'food price shock' on Wednesday.

Egyptian police have detained at least 17 people suspected of their involvement in church attacks that killed 21 people on New Year's Eve. No extremists outfit has so far claimed responsibility for the blasts. Two explosions targeting more than 1000 worshipers who gathered to mark the New Year in the Sidi Bechr district, rocked the northern port city of Alexandria on Friday.

Coptic Christians took to the streets in Egypt following the New Year's eve attack and clashed with Muslims. Police were mobilized to control the mobs firing tear gas shells. After midnight on Saturday, an explosion outside a church in the northern port city of Alexandria killed at least 17 people. Meanwhile, Egypt's President, Hosni Mubarak said he would cut off the head of terrorism. Wicked terrorists targeted the nation, Copts and Muslims, the President said in his address to th...

A three-year study to re-evaluate the story of the Greek Bible fragments has provided a rare glimpse of Byzantine Jewish life and culture. The new research also illustrates the cross-fertilisation between Jewish and Christian biblical scholars in the Middle Ages.

Eight Americans were killed and 21 others injured after a tour bus collided with a truck on a desert road near the city of Aswan in Southern Egypt. Local media reported that the bus was carrying 37 tourists from the United States who were on their way to the 3000-year-old historic Abu Simbel temple.

Egypt has adopted a stimulus plan with the aim of injecting 10 billion-20 billion pounds ($1.72 billion-$3.44 billion) into the economy in the 2011 calendar year, the country's finance minister said on Sunday.

Egypt's gross domestic product is expected to grow by about 5.8 to 6.0 percent in the fiscal year to end-June 2011, the ruling National Democratic Party said in a statement on Saturday.

The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister said on Saturday, as other exporters indicated global production was unlikely to rise in 2011 because the market was well supplied.

Arab OPEC ministers began arriving in Cairo on Thursday ahead of talks expected to broach how high an oil price the world economy can stand as crude jumped to a more than two-year high above $91 a barrel.

Vimpelcom's $6.6 billion bid for telecoms assets owned by Weather Investments was hanging by a thread after Norwegian shareholder Telenor said on Monday it would not back the deal.

At least for now in Italy, it seems like history moves in circles. The political crisis which forced the government into a confidence vote is far from over. Even as political analysts called Silvio Berlusconi's life 'a fitting autobiography of the nation,' the Italian PM narrowly survived a vote of confidence in the lower house of parliament by 314 to 311 on Tuesday. Riots broke out following his win, illustrating the instability within the country's borders.

Shall I compare thee to a Summer's day?, asked Shakespeare. Now, women of the world have replied: No, just tell me I have beautiful lips.

Shall I compare thee to a Summer's day?, asked Shakespeare. Now, women of the world have replied: No, just tell me I have beautiful lips.

The ministry’s decision came within few days from the recently concluded United Nations Climate Change Conference in Cancun, Mexico in which, role of tourism in climate change agenda was equally positioned.

Norway's Nobel committee held its Peace Prize awards ceremony on Friday without the award's recipient, human rights activist Liu Xiaobo.