The market is fixed on Alibaba's IPO, but there's another emerging middle class creating an e-commerce giant—and in the land of Ali Baba.» Read More
DUBAI, Sept 16- The opening of Saudi Arabia's stock market to direct foreign investment early next year is set to coincide with a pick-up in earnings growth in the kingdom, which has lagged the region in the past few years.
CAIRO— Egypt plans to increase the number of security cameras at hotels and popular tourist destinations as part of a series of new security measures aimed at buoying the flagging tourism sector following three years of political turmoil, the country's tourism minister said.
CAIRO, Sept 15- Egypt's tourism industry, battered by three years of political upheaval, violence and street protests, could fully recover by the end of next year if regional turmoil does not spread to the Arab world's biggest country, the tourism minister said.
CAIRO, Sept 15- Egypt's tourism industry, battered by three years of political upheaval and street protests, could fully recover by the end of 2015 if current levels of stability persist, the tourism minister said.
CAIRO— Libya's newly elected parliament on Sunday fired the president of the central bank after he tried to prevent funds that had been allocated for the lawmakers from leaving the bank, according to the country's official news agency.
SAN FRANCISCO/ WASHINGTON, Sept 12- Islamic State's Twitter users, which have trumpeted the group's violent acts and worldview on the social media service, have gone abruptly quiet in past days.
*Cash-strapped Gaza under Israel- Egypt blockade. *Political infighting may impede Gaza recovery. GAZA/ NAHAL OZ, Israel, Sept 12- Fifty days of war in one of the most densely populated parts of the world have left swathes of Gaza in ruins.
GAZA/ JERUSALEM, Sept 10- Tensions between Fatah and Hamas, the two main Palestinian parties, are close to breaking point over the non-payment of salaries to Gaza's public sector workers, raising the risk of a return to conflict in the territory, officials say.
Founded in Gaza in 1987, Hamas now stretches across region. JERUSALEM/ GAZA, Aug 25- Founded by just seven people in Gaza, Hamas now has political and military leaders spread across the Arab world, complicating its ability to send a unified message for negotiating an end to a seven-week war with Israel.
BENGHAZI, Libya/ CAIRO, Aug 25- The Libyan parliament that was replaced in an election in June reconvened on Monday and chose an Islamist-backed deputy as prime minister, leaving the chaotic country with two rival leaders and assemblies each backed by armed factions.
CAIRO/ BENGHAZI, Aug 25- Libya wants the international community to help protect its oilfields, airports and other state assets as it is too weak to stop armed groups fighting for control, its ambassador in Cairo said on Monday.
LIBYA IS UNABLE TO PROTECT OILFIELDS AND OTHER STATE ASSETS, NEEDS FOREIGN HELP- LIBYAN AMBASSADOR IN CAIRO.
Aug 21- For other related diaries, please. NEW DELHI- Indian Finance Minister Arun Jaitley will attend a banking event in New Delhi. NEW DELHI- RBI Deputy Governor Rama Subramaniam Gandhi will participate in a panel discussion on G20- 0830 GMT.
NEW YORK, Aug 19- Brent crude prices fell to a 14- month low on Tuesday, giving up early gains as recovering Libyan output, sustained Iraqi production and weak demand offset concerns about threats to supply.
JERUSALEM, Aug 19- Israel launched attacks in the Gaza Strip on Tuesday and recalled its negotiators from truce talks in Cairo after saying three Palestinian rockets had hit southern Israel, hours before a ceasefire was due to expire. A Reuters correspondent saw an Israeli plane fire a missile east of Gaza City.
CAIRO, Aug 14- Egyptian police arrested 29- year-old Sherif Siam while clearing a Cairo protest camp one year ago. One year since Egyptian security forces stormed two Cairo camps, killing hundreds of protesters demanding the reinstatement of elected Islamist President Mohamed Mursi, Egyptians remain deeply divided over the future of their country.
*Iraq faces no immediate food shortages, bread prices stable. BAGHDAD/ ABU DHABI, Aug 13- After seizing five oil fields and Iraq's biggest dam, Sunni militants bent on creating an Islamic empire in the Middle East now control yet another powerful economic weapon- wheat supplies.
CAIRO/ ABU DHABI, Aug 13- A top Iraqi government grains official said on Wednesday that Islamic State militants are taking wheat from state silos in northern and western Iraq, in order to mill it there and in neighboring Syria.
SAO PAULO, Aug 12- Brazilian-Lebanese financier Joseph Safra's push to diversify his $16 billion fortune out of banking and real estate is taking the world's richest banker to the fruit stand.
"Egypt is the largest importer of wheat in the world, but they have to buy it on the spot market," says Philip Blumberg.