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Egypt to cut fuel subsidies as govt seeks to reduce deficit

 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 Saturday. Finance Minister Amr al-Garhy told a news conference state energy subsidies would fall to 35 billion Egyptian pounds ($3.94 billion)...

Spokesman says Saudi-led force will commit to Yemen truce

The spokesman for a Saudi-led coalition behind a year-long military campaign against Yemen's Shiite rebels says it's ready to commit to a cease-fire as long as the rebels abide by a U.N. Security Council resolution that calls for their pullout from Yemeni cities. Brig. Gen. Ahmed al-Asiri told...