Gold climbs as ECB tender lifts euro
LONDON: Gold rose on Wednesday as the euro continued its break higher versus the dollar, after a tender for cheap loans from the European Central Bank saw a greater take-up…
Major traders win 9 pct of Libyan oil exports
LONDON: Libya has agreed to supply oil to four major European trading houses in 2012, a senior National Oil Corporation (NOC) source said, amounting to at least 9 percent of…
UK’s EIIB in talks with Rasmala for 30 pct stake: sources
DUBAI: European Islamic Investment Bank is in talks to acquire a 30 percent stake in Dubai-based Rasmala Investment Bank, two sources with knowledge of the matter told Reuters on Thursday.…
Egypt’s outsourcing sector still going strong
CAIRO: Egypt’s outsourcing industry reached its goal of $1.1 billion in ICT export revenue, according to the Information Technology Industry Development Agency (ITIDA). “Egypt enjoys several advantages, given our location,”…
Most Islamists boycott Friday ‘honor’ protests
CAIRO: Islamist groups and parties including the Freedom and Justice Party (FJP) and Al-Gamaa Al-Islameya and are steering clear of mass protests planned Friday dubbed "Reclaiming Honor." Leading…
Arab team prepares Syria mission after deadly assault
BEIRUT: Arab League officials arrive in Syria on Thursday to prepare for monitors overseeing an Arab peace plan, after activists said President Bashar Al-Assad's forces carried out the deadliest assault…
Baghdad blasts kill 57 as Iraq tensions rise
BAGHDAD: A rash of bombings hit Baghdad on Thursday, killing at least 57 people in the first big attack on Iraq's capital since a crisis between its Shia Muslim-led government…
Iran rejects Gulf Arab accusation of meddling
TEHRAN: Iran on Thursday rejected Gulf Arab leaders' accusation of interface in their affairs, accusing them of parroting "baseless" US charges against Iran while ignoring US "espionage" against Iran. "In…
Army rulers hike tone against protesters
CAIRO: The ruling military escalated its tone against pro-democracy activists Wednesday, warning of an attempt to "topple the state," as government media said a plot had been uncovered to use…
New Qaeda spin-off threatens West Africa
BAMAKO: An Al-Qaeda offshoot that claimed the abduction of three Europeans in Algeria is threatening to spread jihad beyond North African deserts and establish a foothold in sub-Saharan West Africa.…