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Israel, Egypt gas partners near deal to control EMG pipeline

The companies developing Israel’s largest natural gas fields and an Egyptian partner are close to a deal that would give them control of the pipeline to Egypt, eliminating some of the outstanding legal disputes that have impeded progress on a $15 billion export contract. Israel’s Delek...

US: Fed raises interest rates

The Federal Reserve increased its benchmark interest rate as widely expected, the Federal Market Open Committee (FOMC) announced Wednesday.  At the conclusion of a two-day meeting, Committee members voted unanimously to raise the federal funds rate by 25 basis points to a target...

China warns US against provocations following B-52 flyby

China is accusing the United States of militarizing the South China Sea after two American B-52 bombers flew close to a disputed Chinese-held shoal in a show of force. Foreign Ministry spokeswoman Hua Chunying warned the U.S. on Wednesday against "hyping up militarization and stirring...