Top Economy & Politics News

21 Muslim Brotherhood members arrested in Egypt

Twenty-one members of Egypt's main opposition Muslim Brotherhood were arrested on Thursday in the Nile Delta for holding an illegal meeting at a former MP's home, a security official said. AFP - 28Aug 13:17GMT
Libya amnesty for 3,000 prisoners on revolution anniversary

Libya on Thursday announced an amnesty for more than 3,000 prisoners, including Europeans and Africans, to mark the 39th anniversary of Moamer Kadhafi's rule. AFP - 28Aug 11:21GMT
Euro prolongs recovery against dollar

The euro gained further against the dollar Thursday on market speculation that eurozone interest rate cuts are unlikely in the near future, dealers said. AFP - 28Aug 11:10GMT
Iraq's Sadr suspends militia activity indefinitely

Iraqi Shiite radical leader Moqtada al-Sadr said on Thursday that he has suspended indefinitely the activity of the Mahdi Army, his feared 60,000 strong militia.. AFP - 28Aug 11:00GMT
One dead as Lebanese army helicopter comes under fire

Gunmen opened fire on a Lebanese army helicopter flying over a southern village on Thursday killing an officer, a security official said. AFP - 28Aug 09:47GMT
US Suez shooting probe blames ship's wrong arrival time

A US probe into the shooting of an Egyptian man by a US Navy chartered boat near the Suez Canal in March said Thursday that the ship's arrival at the wrong time was a "significant factor" in the killing. AFP - 28Aug 09:45GMT
Iran's Ahmadinejad hits out at NATO

Iranian President Mahmoud Ahmadinejad issued a scathing attack on NATO on Thursday, saying the Western alliance was failing to bring security to Afghanistan and fanning tension with its expansion drive. AFP - 28Aug 09:44GMT
Kuwait Earns Half Budget In Three Months

OPEC member Kuwait has earned 6.7 billion dinars (25 billion dollars) in the first three months of the current fiscal year, more than half the projected annual income, according finance ministry figures released. AFP - 28Aug 09:43GMT
Inflation-hit Iran to lop zeros off currency

Iran is to lop several zeros off its currency as it battles double-digit inflation, central bank vice president Hossein Ghazavi said in comments published. AFP - 28Aug 08:15GMT
UK-Iran trade so far unaffected by sanctions

British companies are surprised that sanctions imposed against Iran has not led to a further impact on bilateral trade so far this year. IRNA - 28Aug 05:28GMT

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Major Currencies per USD

Euros *	1.47102	28Aug21:25
Pound Sterling *	1.82949	28Aug21:25

Expressed as 'bid' price per USD except*

Regional Currencies per USD

Algerian Dinar	61.75000	28Aug19:25
Bahraini Dinar	0.37710	28Aug19:25
Egyptian Pound	5.36550	28Aug14:25
Irani Riyal	9585.00000	28Aug19:50
Iraqi Dinar	1185.30000	28Aug21:25
Jordanian Dinar	0.70850	28Aug21:25
Kuwaiti Dinar	0.26750	28Aug19:25
Lebanese Pound	1501.50000	28Aug15:25
Libyan Dinar	1.22823	28Aug05:25
Moroccan Dirham	7.72080	28Aug21:25
Omani Riyal	0.38490	28Aug22:25
Qatari Riyal	3.63950	28Aug19:25
Saudi Riyal	3.75030	28Aug19:25
Sudanese Dinar	234.38500	10Mar05:25
Syrian Pound	51.82437	28Aug05:25
Tunisian Dinar	1.23050	28Aug19:25
UAE Dirham	3.67300	28Aug15:25
Yemeni Riyal	199.55000	28Aug19:50

Expressed as 'bid' price

Lebanon
Widening Trade Deficit
Lebanon's trade deficit has widened in the first six months of the year, fuelling inflation rate and undermining efforts to strengthen the economy.

Yemen
Wielding Capitalism
Yemen is giving incentives to farmers to use the nation's scarce water and arable land to cultivate other crops, instead of the addictive 'qat'.

Crude Surge
A surge in crude prices boosted the combined revenues of Arab countries by nearly $28bn to a record $408bn in 2007.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Saudi Basic Industries Corporation	Saudi Arabia	105,383
2	Al Rajhi Bank	Saudi Arabia	35,794
3	Saudi Telecom	Saudi Arabia	35,194
4	Emirates Telecommunications Corporation	UAE	28,768
5	Mobile Telecommunications Company	Kuwait	27,102
» View Full List

Related Information

Macroeconomic Research
Country Analysis from EIU

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