Saudi sukuk may serve monetary policy goals
DUBAI: A proposed Islamic bond issue by Saudi Arabia is important not so much because it would raise money for the country — the kingdom does not need the cash…
Volumes, foreign limits may deny UAE, Qatar MSCI upgrade
DUBAI: Low market liquidity in the United Arab Emirates and Qatar's failure to raise foreign ownership limits threaten to deny MSCI emerging market status to the Gulf neighbors for a…
Coca-Cola buys stake in Saudi beverage co for $980 mln
DUBAI: The world's largest soft-drink maker Coca-Cola Co acquired about half of the equity in the beverage business of Saudi Arabia-based Aujan Industries for $980 million to expand its presence…
Islamists look to extend success in Egypt polls
CAIRO: Islamists who swept to victory in the first stage of Egypt's parliamentary elections were looking to extend their winning streak in a second round of voting on Wednesday. Some…
Spielberg, Jackson introduce Tintin to America
Steven Spielberg hopes he's the typical American when it comes to Tintin: the filmmaker had never heard of the guy, but once he got acquainted, they became friends for life.…
British artist Emin lands prestigious teaching role: report
Controversial British artist Tracey Emin is to become the new Professor of Drawing at London's prestigious Royal Academy, the country's oldest art school, reports said Wednesday. The General Assembly of…
Exhibit reveals Auld Lang Syne’s mysterious roots
At the stroke of midnight this New Year's, millions of people around the globe will hold hands and belt out the famous song "Auld Lang Syne" — but how many…
Azzedine Alaia couture on rare display in Dutch show
Tunisian couturier Azzedine Alaia, whose army of devotees have spared him the need for runway shows, put a decade of his creations on display in a rare show in the…
Prominent candidates face off in Giza elections
CAIRO: Giza voters queued outside polling stations early Wednesday morning to cast their ballots in one of the most vital electoral constituencies in the second round of Egypt’s staggered parliamentary…
Blogger Maikel Nabil sentenced to two years after retrial
CAIRO: An Egyptian military court sentenced a blogger who criticized the army to two years in prison on Wednesday after he went on a hunger strike to protest an initial…