EFG takes over Jordanian brokerage firm
CAIRO: EFG-Hermes announced Thursday that it had agreed to buy a Jordanian brokerage firm, Tadawol for Securities and Financial Services, for JD 3.85 million ($ 5.4 million). According to Reuters,…
Zayat Stables, bank reach financial agreement
LOUISVILLE, Kentucky: Prominent thoroughbred owner Ahmed Zayat has reached a global settlement with Fifth Third Bank that will ensure the bank is repaid the $34 million in loans it claims…
Oil falls with equities; Caribbean storm brews
SINGAPORE: Oil slipped on Friday, heading for a weekly drop of 1.2 percent, as falling Asian equity markets tempered an early boost from indications that the first storm of the…
Naphtha weak as petchem margins weigh
KHOBAR, Saudi Arabia: The Middle East naphtha market remained weak due to plentiful spot supply from the region and lower petrochemical margins in Asia. "There is a lot of spot…
Yemen police, militants clash during raid in Aden
ADEN: Yemeni police clashed with suspected al Qaeda militants in Aden on Friday, arresting several, as they searched for a group that had attacked an intelligence building there, a security…
Israel invites Italy FM to head EU ministerial visit to Gaza
ROME: Israeli Foreign Minister Avigdor Lieberman has invited his Italian counterpart to lead a European ministerial delegation to Gaza, ending a diplomatic blockade on the Hamas-run Palestinian enclave. Lieberman raised…
Four thanawiya amma proctors die on duty; 28 teachers protest bullying
CAIRO: The Prosecutor General received Thursday complaints accusing top government officials of negligence that led to the death of four thanawiya amma (Egyptian national secondary school certificate) exam proctors this…
Satellite firm cuts Hamas TV broadcasts to Europe
PARIS: A Gaza-based television station, accused of inciting hatred of Jews and Israel, has had its broadcasts to Europe shut down, Eutelsat satellite firm said on Friday. Eutelsat said its…
Lebanon arrests Palestinian suspected of spying for Israel
BEIRUT: Lebanese police have arrested a Palestinian refugee on suspicion he was spying for Israel's Mossad intelligence agency, a police spokesman said on Friday. "We have arrested a Palestinian from…
Saudi-funded TV offices in Iraq close in face of warnings
BAGHDAD: The Baghdad offices of Al-Arabiya television closed on Friday after the interior ministry warned the Saudi-funded satellite network was under surveillance by insurgents, a staffer said. "Interior ministry sources…