CAIRO / Emirates Business Egypt remains the star performer among its peers in the region rising 5 percent over last week and breaking the 11,000 level for the first time since 2008. The rise is backed by positive investor sentiment regarding the IMF support of much needed funding. Stocks continue to rise after the currency declined by more than ...

  DUBAI / Reuters Iraq’s oil minister Jabar Ali Al Luaibi will make suggestions at a meeting of OPEC oil ministers at the end of the month to implement an agreement to restrain crude supply in order to push up prices, according to a statement from his ministry on Monday. The statement didn’t indicate what these suggestions are but hinted ...

Riyadh / Reuters Embattled Saudi construction firm Mohammad Al Mojil Group (MMG) said it has written directly to Deputy Crown Prince Mohammed bin Salman explaining that it may not be able to continue operating. It was unclear if the privately owned company was seeking financial or other assistance from the government. In a short statement via the stock exchange on ...