Iran inflation rises on ‘psychological’ impact, says central banker
TEHRAN: Iran's official inflation rate rose for the third month running, the central bank chief said on Saturday, reflecting the government's move to slash subsidies in an economy under pressure…
Zain shareholder threatens to sue any Zain Saudi buyers
KUWAIT: Al Fawares Holding, a Zain shareholder unhappy with the telecom carrier's sale process, threatened to sue potential buyers of the firm's Saudi unit and to try to put Zain…
UAE econ min hopes to rejoin Gulf single currency, says paper
DUBAI: The United Arab Emirates hopes it and Oman will rejoin a planned Gulf single currency project one day, UAE economy minister was quoted as saying by a Saudi newspaper…
World Cup hosting lifts Qatar stocks
DOHA: Qatar's stock market index surged on Sunday, the first trading day after the Gulf state won the bid to host the 2022 football World Cup and pledged to spend…
Dubai: Confidence boost
By Oxford Business Group There are signs that Dubai is hitting the road to recovery, with investors once again eyeing the benefits of the emirate’s foreign direct investment (FDI) credentials and…
Clashes erupt during election run-off in Shubra
By Abdel-Rahman Hussein CAIRO: Clashes erupted in two Shubra polling stations on Sunday between supporters of National Democratic Party (NDP) candidate Fady El-Habashy and Al-Wafd candidate Ramy Lakah in the parliamentary…
Protestors in front of SEC headquarters call to dissolve parliament
By Heba Fahmy CAIRO: Dozens of protesters rallied just a few steps away from the Supreme Electoral Commission (SEC) headquarters in Heliopolis on Sunday, calling for the dissolution of the parliament…
Swiss supporters: WikiLeaks server goes down
GENEVA: WikiLeaks's main server in France has gone offline, preventing many users from accessing the US State Department cables and other documents the site has posted online, a group of…
At least nine reported dead after Nigerian raids, say activist
LAGOS: At least nine people were reported killed and houses were found burned after military raids in a Nigerian village targeting an alleged gang leader, an activist who visited the…
Iran declares nuclear ‘self-sufficiency’ ahead of talks
TEHRAN: Iran said on Sunday it has produced a first batch of uranium yellowcake, the raw material for enrichment, insisting the new step "strengthens" its position in upcoming nuclear talks…