CAIRO / Reuters Saudi Arabia and Egypt have signed agreements to specify maritime borders, a cabinet statement said, allowing both countries to benefit from maritime zones that were previously untapped. The agreement was signed during Saudi Arabia’s King Salman visit to Egypt during which several investment projects were announced. The technical drawing of the border include the Tiran and Sanafir ...

CAIRO / Reuters Egypt will reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due mainly to lower global energy costs, officials said on Saturday. Finance Minister Amr al-Garhy told a news conference state energy subsidies would fall to 35 billion Egyptian pounds ($3.94 billion) from about 61 billion pounds in the 2015/16 budget. Consumers reacted ...

Hiroshima / AFP G7 foreign ministers on Sunday began two days of talks in Hiroshima, with John Kerry’s visit to the atom-bombed city—the first-ever by a US secretary of state—overshadowing the broader agenda. Kerry’s landmark trip is seen as possibly paving the way for Barack Obama to become the first serving US president to journey to the thriving metropolis next ...