Truce halts fighting in Tahrir Square

By AGENCIES CAIRO: Clashes between Egyptian riot police and protesters demanding that Egypt’s ruling military council step down stopped overnight for the first time in days on Thursday. The two sides are observing a truce after deadly street battles in which at least 40 people have died. The truce came […]

S&P downgrades Jordan credit rating

AMMAN (AFP) -Standard & Poor’s on Wednesday lowered Jordan’s long-term local-currency sovereign credit rating to “BB” from “BB+” expressing concern about the country’s economy and political situation. The ratings agency also maintained its “BB/B” long- and short-term foreign-currency sovereign credit ratings on the Kingdom as well as the short-term local-currency […]