Saudi Savola jumps but index slips after budget; Gulf mkts dip
DUBAI: Saudi group Savola climbed to its highest level in nearly 8 months on Tuesday after saying it old a property firm for $168 million, while most Gulf markets declined.…
Egypt’s Kabo posts wider first-quarter net loss: bourse
CAIRO: Egyptian garment marker El Nasr Clothing & Textiles Co (Kabo) reported a wider net loss for the first quarter, the bourse said on Tuesday. Net loss for the quarter…
Egypt cbank accepts repos worth LE 22 bln
CAIRO: Egypt's central bank accepted LE 22 billion ($3.65 billion) in seven-day repurchase agreements in the money market on Tuesday, the same amount it had offered. Banks had sought repo…
Egypt mobile phone Sept subscriptions up 26 pct
CAIRO: The number of mobile phone subscriptions in Egypt grew 25.76 percent to 80.39 million in the year to September, government figures showed on Tuesday. The number of mobile phone…
Arab monitors reach Homs, Syrian tanks seen leaving
BEIRUT: Arab League peace monitors arrived in the Syrian city of Homs on Tuesday for a first look after tanks were seen leaving the hotbed of anti-government unrest where hundreds…
Iran begins trial of accused ‘CIA spy’, says report
TEHRAN: Iran opened a trial on Tuesday of an American of Iranian descent accused of spying for the US Central Intelligence Agency, the Fars news agency reported. "The first hearing…
Kuwait releases 32 stateless protesters on bail
KUWAIT CITY: Kuwait's public prosecutor released 32 stateless people on bail on Tuesday after holding them for nine days for taking part in a protest to demand citizenship, their lawyer…
Afghanistan sets ground rules for Taliban talks
KABUL: Afghanistan will accept a Taliban liaison office in Qatar to start peace talks but no foreign power can get involved in the process without its consent, the government's peace…
Israeli girl’s plight highlights Jewish extremism
BEIT SHEMESH: A shy 8-year-old schoolgirl has unwittingly found herself on the front line of Israel's latest religious war. Naama Margolese is a pony tailed, bespectacled second-grader who is afraid…
Satire flourishes in Syria as violence intensifies
The violent repression of dissent in Syria has sparked an explosion of satire produced by anonymous artists who are flooding the internet with film, music and art that mock the…