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Turkish central bank slashes rates as threat of sanctions fades

Turkey's central bank slashed rates by a more than expected 250 points to 14 percent Thursday, taking advantage of an inflation dip and a steadier lira after Washington cancelled just-announced sanctions over a military incursion into Syria. The bank lowered its benchmark one-week repo rate...

Prosecutor presses charges against Lebanon ex-PM: state media

A state prosecutor has pressed charges against former Lebanese prime minister Najib Mikati over alleged corruption, state media said Wednesday, amid unprecedented anti-graft protests. The former prime minister, who was last in power in 2014, denied the allegations, saying they carried a...

Iraq's Mosul strains to revive manufacturing past

Its wool could once be found in French marketplaces and its cement as far away as Singapore. But after years of fighting, Iraq's Mosul has yet to regain its former industrial glory. The city's factories were pulverised by Islamic State group jihadists and its export routes remain choked by...

Egypt unveils trove of ancient coffins excavated in Luxor

Egypt revealed Saturday a rare trove of 30 ancient wooden coffins that have been well-preserved over millennia in the archaeologically rich Valley of the Kings in Luxor. The antiquities ministry officially unveiled the discovery made at Asasif, a necropolis on the west bank of the Nile...