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June 12, 2013

Parents of a slain Aleppo teen are asking the FSA to help find the killers of their son, Mohammad, 14, who was killed by Islamists for alleged ‘heresy.’
06:45 GMT
Parents of a slain Aleppo teen are asking the FSA to help find the killers of their son, Mohammad, 14, who was killed by Islamists for alleged ‘heresy.’
A recent study shows that one in every three Emirati children is obese in the emirate of Abu Dhabi amidst a general increasing trend of obesity in all age groups.
06:25 GMT
A recent study shows that one in every three Emirati children is obese in the emirate of Abu Dhabi amidst a general increasing trend of obesity in all age groups.
A view of the twisting tower from below. Image courtesy of 7DaysinDubai
06:00 GMT
The 307 metre tall twisting tower was opened on Monday in the Dubai marina. It is the tallest building of its kind in the world.
The UAE and Saudi Arabia are the largest auto component markets in the GCC
06:00 GMT
The recovery of the Dubai property market has led to a boost in the consumption of auto parts, according to exhibitors at Automechanika at the Dubai International Convention and Exhibition Centre. The event opened on Tuesday.
Market breadth stood in favour of decliners as of the 57 securities
06:00 GMT
Most regional equity markets ended the day modestly higher amid expectations of a possible MSCI upgrade for UAE and Qatar to emerging market status.
An image grab taken from a video uploaded on YouTube on May 29, 2013 allegedly shows members of the Al-Tawhid brigade firing missiles from Syria towards the Lebanese town of Hermel, a few kilometres from Baalbek in the Bekaa valley. AFP photo/YouTube
05:00 GMT
Syrian rebels allegedly fired rockets into the Lebanese town of Hermel on Tuesday night, injuring four and killing one civilian.
The additional staff will be assigned to new and existing outlets in the Gulf, Levant, Far East, Asia
05:00 GMT
Sharaf Retail is on an expansion mode and is set to hire 1,500 additional employees over the next 18 months, the company announced on Tuesday.
Osama El Sayed says farewell to his popular Dubai TV cooking show, Ma’a Osama Atyab
05:00 GMT
Top chef turned TV celebrity Osama El Sayed shares an emotional farewell with viewers on his popular cooking show.
That's A LOT of rotten apples. (Al Bawaba file photo)
05:00 GMT
In a major raid on the governorate's marketplaces, Omani authorities seized a vast amount of rotten fruits and veg (40,000kg worth) during May

June 11, 2013

Mourinho says only Rooney can decide where happiness lies
22:30 GMT
New Chelsea manager Jose Mourinho has commented on Manchester United striker Wayne Rooney's future saying that the young player...
Iranian presidential candidate Hassan Rouhani (AFP file photo)
21:39 GMT
Just hours after rumors spread that Hassan Rouhani would be disqualified from the upcoming presidential election, the moderate candidate was endorsed by former President Akbar Hashemi Rafsanjani
Mido announces retirement
15:34 GMT
The former Egypt forward, who had spells with the likes of Tottenham and Ajax, confirmed on Twitter that he will call it a day 14 years after making his debut
Ray of hope for Azeem Azam?
15:23 GMT
English footballer of Arab and Asian origin Azeem Azam is the subject of transfer speculation - despite his limited on-field exposure due to injuries.
Scrambles for fuel at Egypt's gas station as cars are stuck waiting to fill their tanks. After struggling to obtain bank payments for fuel sales, suppliers began to think twice before offering oil to Egypt. Demands for diesel became commonplace, and long lines and car congestion at gas stations weren’t an unusual site
15:06 GMT
Egypt in trouble: the leading light of the Arab World plunges into darkness. A look at the turmoil that's arisen in Egypt since former president Hosni Mubarak's downfall and the Muslim Brotherhood's revolution-spirited takeover
A cow grazes outside the factory in Deir Taanayel on Monday. Image courtesy of The Daily Star
14:04 GMT
A small monastery in the Bekaa valley in Lebanon has been producing some of the finest dairy products in the country through using old school techniques.
Australia 4-0 Jordan: Socceroos romp past rivals
13:31 GMT
Goals from Mark Bresciano, Tim Cahill, Robbie Kruse and Lucas Neill helped the Socceroos to take the inside running in the race for the group's second automatic World Cup spot
Saudi Landbridge
13:19 GMT
Saudi Arabia is currently undertaking ground-breaking transformations in the transportation sector and Huawei Technologies aims to place the passengers at the heart of the new transformation by emphasizing safety, comfort and reliability as critical components of railway infrastructure.
British Leader Nick Griffin may just be in Lebanon to learn about Hezbollah's anti-Jihadi programme. (image from Karl reMarks)
13:16 GMT
Without a real clue as to why a British in in Beirut, Lebanon Karl reMarks offers some cheeky possibilities; Jordan's women in the Asian Cup finals! Kuwait University ablaze again; and an Egyptian response to the Ethiopian letter.
Pascale's dreams are coming true. The pop princess is on top of the world.
13:00 GMT
With more than a million views on YouTube in less than three weeks, Lebanese pop princess Pascale Machalaani’s “Girls Dreams” is a major hit!
Real Madrid president hints at a record breaking 85-mln-pounds-bid for Bale
12:17 GMT
Real Madrid chief Florentino Perez has reportedly said that Tottenham Hotspurs' winger Gareth Bale is worth a world record pay of 85 million pounds that will even top the current record of the 80-million-pound-rated Madrid forward Cristiano Ronaldo.
Morsi speaks at the UN earlier this year. (Al Bawaba file photo)
12:08 GMT
During a speech on Tuedsay, Egyptian President Mohamed Morsi called on Egypt's divergent political groups to put their differences aside for the sake of national unity,
Payments will be backdated to January and will cost the government BD105 million this year and next.
12:06 GMT
Bahrain has agreed to increase payouts to around 100,000 needy families in an attempt to end the impasse on the national budget.
Bahrain Airport
11:46 GMT
There is keen international interest in the kingdom's aviation industry, Bahrain Airport Services (BAS) has said.
Total and Qatari officials weren’t immediately available for comment.
11:46 GMT
Qatari investors have increased their stake in Total to 4.8 percent, said news website Wansquare on Monday. According to the news website, investors from Qatar have increased their participation in the past year and notably in recent weeks.
The programme contributes to meeting the current needs of the ICT industry
11:40 GMT
The Information Technology Authority (ITA) has taken the lead to bridge the gap  between ...
Over 70 per cent of the respondents have used online advertising to help reach new clients
11:39 GMT
Over 100 business leaders representing over 80 Qatari small and medium businesses from various sectors attended the SME Evolution Program 2013 launch event in the Four Seasons Hotel Doha.
The topics discussed pivoted around how an SME can increase profitability or expand into new markets by using technology.
11:33 GMT
Microsoft, Dell, Dubai Internet City and du discussed the supportive role that technology plays in fueling entrepreneurship and the specific solutions developed for SMBs at the MAKE Business Hub. an entrepreneurial platform in the UAE.
It was last in the market in July last year, with a $1.5 billion 10-year bond which yielded 6.143pc.
11:31 GMT
Bahrain has picked four banks to arrange investor meetings ahead of a potential sovereign bond issue, a document from lead managers said yesterday, with proceeds likely to be used to plug an expected budget deficit for 2013.
Infrastructure investment and reform of labour markets and education systems will all be needed to tackle the issue
11:22 GMT
With an average of 25 per cent of the MENA region's youth unemployed, and over 40 per cent inactive, 85 million additional jobs will be required in the next 10 years just to reach the global average.
Prince Saud al-Faisal, the Saudi Foreign Minister. Image courtesy of naharnet.com
11:07 GMT
Saudi Arabia's foreign minister and his French counterpart expressed concern over the situation in Syria, and called for immediate and urgent action in the war-torn country.
The band is ready to release their new album!
11:00 GMT
One of the region's most promising ensembles has big things in store with a new album "What's Wrong with Beirut?" that's ready for release during their exciting slot in the Beirut Holidays concert series.
The new procedure adopted by the Ministry of Haj during the upcoming month of Ramadan is based on grouping Umrah performers into two groups to ensure pilgrims do not exceed the permitted 14 days in the Kingdom
10:42 GMT
Hotels, Umrah operators and aviation firms will incur SR 5 billion in losses due to the Haj Ministry’s recent decision to limit the validity of Umrah visas to 14 days, according to the estimates of the National Committee for Haj and Umrah (NCHU).
Recent price action shows strong support for the silver price close to present levels. The 20-year chart still shows the uptrend intact
10:40 GMT
Spot the point of maximum pessimism in any market and you have the best point of entry. That was the maxim that made the great investor Sir John Templeton a billionaire well ahead of today’s fund managers.
Tadawul All-Share Index (TASI) finished with a nominal decline of 0.08 percent yesterday
10:35 GMT
Despite an upward jump (+16.5 points) after the opening bell, the Tadawul All-Share Index (TASI) finished with a nominal decline of 0.08 percent yesterday.
Tamer tones down with new film on hold.
10:14 GMT
It's not all rainbows and gumdrops anymore for Tamer Hosny's career. Everything has been looking up for the superstar until the writer for his new film peaced out from the project.
People stand on a street lined with a damaged building and destroyed cars after a blast at Marjeh Square in Damascus in April. Image courtesy of nydailynews.com
09:54 GMT
Two suicide bombers attacked Marjeh square in Damascus on Tuesday morning, killing 14 people and injuring 31 civilians according to early reports.
Jenny Asper returns as 'Media' with the rest of the girls.
09:43 GMT
Syrian actress Jenny Asper returns after taking time off to give birth and has begun filming for the fifth sequel of the popular television drama "Sabaya" (The Girls).
Ultra-orthodox Jews look out over an Israeli settlement on Palestinian territories. (Al Bawaba file photo)
09:34 GMT
The first quarter of 2013 has seen Israeli settlement building be at an all time high, according to data accumulated by Israel's Central Bureau of Statistics.
Syrian army soldiers standing on an army tank in the village of Buweida, north of Qusayr, in Syria's central Homs province on Friday. AFP photo
09:08 GMT
US Secretary of State John Kerry has postponed his scheduled visit to the region in light of a series of talks occurring within the Obama administration this week on Syria, with a possible view to arm the Syrian rebels in light of regime successes.
Rebel fighters sit in the ruins of a building in Aleppo earlier this week. Assad's army is making moves on the northern province, a rebel bastion. AFP/Shams photo
08:45 GMT
After encroaching upon rebel positions in Aleppo since the fall of Qusayr last week, regime troops have launched an offensive against an Aleppo airbase, as well as key areas of the northern province.
100LIVE 2013 was rockin'! (Photo courtesy of 100 LIVE 2013 Facebook page)
08:40 GMT
The electronic music festival hosted by 100COPIES was a smashing success. Groups like Cellar Door, Zuli, El Madfa3geya and others from abroad brought the party to Egypt last weekend.
Israeli Prime Minister Benjamin Netanyahu (Al Bawaba file photo)
08:24 GMT
Israeli Prime Minister Benjamin Netanyahu spoke out on the preconditions that the Palestinians for the negotiations, calling them insurmountable.
Ahlam has a stage presence already. Why not become a preacher?
08:09 GMT
Tweets between controversial Saudi cleric Mohammad Al Arifi and super celebrity Ahlam ignite intense debate across Gulf countries. Is Ahlam about to have a major career change?
Marjeh square. Image courtesy of the washingtonpost.com
08:02 GMT
Two suicide bombers targeted a busy Damascus square on Tuesday morning. No reports on the number of casualties have been released yet.
There were no clashes between protesters and riot police in Turkey's Takism Square on Tuesday, June 11, 2013.
06:40 GMT
Hundreds of Turkish riot police on Tuesday morning entered Istanbul’s Taksim Square, after forces reportedly used tear gas last night to disperse protesters on the 11th day of anti-government demonstrations.
He said he could save a handsome amount by holding the remittance for more than two weeks.
06:13 GMT
Indian expatriates who were sending money back home had smiling faces yesterday as the struggling Indian rupee hit a record low against the US dollar.
The DFM General Index dropped 2.30 per cent to 2,344.76 amid declining turnover
06:00 GMT
Dubai: The Dubai stock benchmark tumbled to its biggest one-day drop since March 2012 as investors continued to shun risk ahead of the MSCI decision on Wednesday to upgrading the UAE into emerging market category.
Children are exploited for work, prostitution and as soldiers. (File photo for illustrative purposes only).
06:00 GMT
Child exploitation is a rising phenomenon on the streets of Lebanon with the Syrian conflict stranding increasing numbers of refugees.
The countries in red are the ones under highest surveillance. (Photo courtesy of The Guardian).
06:00 GMT
A National Security Agency whistle-blower 's leaks showed that despite friendly diplomatic ties, certain Middle Eastern countries are under close surveillance by America.
Market breadth stood in favour of advancers as of the 52 securities traded for the day 26 advanced while 17 declined and 19 stocks closed unchanged
06:00 GMT
The Muscat Securities Market continued to climb on Monday with strong buying support from local investors. The benchmark index gained 1.28 per cent before closing at a 52-week high of 6,633.41.
The twofour54 studios in Abu Dhabi host a Syrian co-production. (File photo).
05:00 GMT
Film-makers' creativity goes beyond borders and conflict as Syrian productions relocate to Abu Dhabi.
Over the 21 quarters since the beginning of 2008, real (inflation-adjusted) personal consumption has risen at an average annual rate of just 0.9 percent
05:00 GMT
The spin-doctors are hard at work talking up America’s subpar economic recovery. All eyes are on households.
Ousted Egyptian president Hosni Mubarak (C) and his two sons Alaa (R) and Gamal (L) are seen behind the defendents' cage during their retrial at the Police Academy in Cairo on Saturday. The sons have now been released. AFP photo
04:00 GMT
The Cairo Criminal Court ordered the release of former Egyptian President Hosni Mubarak's sons on Monday as his retrial has been postponed yet again.
An image of the chaos in the aftermath of the roadside bomb. Image courtesy of naharnet.com
04:00 GMT
A van carrying Lebanese gunmen who were on their way to fight in Damascus was targeted by a car bomb in Lebanon's Bekaa valley on Monday. Several casualties were reported, but the gunmen still managed to enter Syria.
Egoz is ready to rock on Sunday
04:00 GMT
Egypt's underground rock band, Egoz, is beginning the launch of their tour, ‘Songs From The Temple,’ and debut album at home base at the El-Sawy Culturewheel on Sunday, 16 June.
HTC One and the Samsung s4 are both slick phones but which is Arab friendly? (image courtesy of Z District)
04:00 GMT
The Superbowl of Smartphones has finally gone down in Kuwait. See who this Arab blogger thinks came out on top; the Turkish protests explained; Lebanese waters compared to a toilet; and an 'Ode to an Icon' in Amman.

June 10, 2013

'I damaged Spanish football by ending Barca's dominance' - Mourinho
22:51 GMT
The 50-year-old was recently accused of tainting the image of La Liga but and he has now claimed that he was made a victim for toppling the Blaugrana
Suarez has been unfairly judged, says Cavani
22:45 GMT
The Napoli striker feels the Liverpool man has had a tough time in England and says he does not know if he will stay on Merseyside
An Iraqi soldier stands on the scene of a car bombing on May 30 in the Iraqi capital, Baghdad. Iraq has seen a huge increase in violence over the past few months. AFP image
20:24 GMT
An estimated 61 people died in Iraq on Monday as violence swept the country. In Mosul, in northern Iraq, five car bombs targeted army and police personnel.
New Chelsea manager Mourinho: I am the Happy One
16:16 GMT
The Portuguese has been officially unveiled at Stamford Bridge for a second spell at the west London outfit, describing himself as "very happy" at a club he already loves
Becks' coveted global ambassador role for Man U hopes lie squarely in Fergie's lap
15:43 GMT
Former English footballer David Beckham's hopes of being the new global ambassador for Premier League champions Manchester United reportedly rest with United's outgoing manager Alex Ferguson.
YouTube screen-grab of the Indonesian consulate in Jeddah, Saudi Arabia on Sunday
14:52 GMT
Indonesian consulate set on fire as thousands of expatriate workers amass in bid to sort out their employment papers

Cavani: I will discuss my future after Confeds
13:58 GMT
The Napoli forward has discussed speculation about his next move and insists he is only currently focusing on upcoming matches with Uruguay
Conservative Iranian lawmaker Gholam Ali Haddad-Adel on Monday withdrew his candidacy from Iran's June 14 presidential election.
13:42 GMT
Conservative former parliament speaker Gholam-Ali Haddad-Adel on Monday withdrew his candidacy from Iran's June 14 presidential election. Meanwhile, an Iranian watchdog group denies banning a candidate from the 2013 election.
Hair flailing as she’s hit with a powerful blast of tear gas, the ‘woman in red’ has become the reluctant icon of the Gezi Park protests. Istanbul-based academic Ceyda Sungar told the Daily Mail “Every citizen defending their urban rights...has witnessed the police violence I experience”
13:24 GMT
Riding out the protests must be the Turkish government’s short-term goal. But in the long run, the country faces a greater challenge to reconcile democracy, secularism and Islam, a test whose outcome will be critical for the whole region
Egyptian female supporters of Egypt's former president Hosni Mubarak, hold portraits of him outside the Egyptian police academy in Cairo. AFP
13:07 GMT
Former Egyptian President Hosni Mubarak's trial over his role in the deaths of protesters in 2011 was resumed in Cairo on Monday, amid rumours that the court will acquit him.
Minister of Petroleum and Natural Resources Sherif Hadarra
12:35 GMT
An Egyptian delegation arrived in Doha yesterday to secure a natural gas deal, as Egypt continues to suffer from fuel bottlenecks leading to frequent power cuts.
The interest generated by the bid demonstrates the confidence that the local financial institutions place in supporting the local industrial sector
12:31 GMT
Qatar Petrochemical Company (QAPCO) has secured a QAR 1.1 billion facility from Barwa Bank to fund its expansion plans.
Al Noor is the second UAE healthcare company to launch an IPO and list on the LSE
12:22 GMT
Abu Dhabi healthcare firm Al Noor Hospitals plans to raise between $320 million and $390 million by offloading up to 34 percent of the company's stock through a flotation in London, it said on Monday.
Ronaldo to stay with Madrid claims Florentino Perez
12:14 GMT
President Florentino Perez has claimed that Christiano Ronaldo is ready to discuss new terms to stay with Real Madrid.
This Nile dam is the source of the rift between Egypt and Ethiopia.
12:00 GMT
Both sides of the issue are getting worked up so one Ethiopians tries to calm things down with a little heart to heart; Google is close to buying Waze for $1.3 billion; questions children ask; and artists in Egypt protest their minister of culture.
Gulf Bank will jointly work with Korea Eximbank to provide financial solutions to Korean companies in Kuwait
11:38 GMT
Gulf Bank, with The Export Import Bank of Korea (Korea Eximbank), signed a Memorandum of Understanding which aims at collaboratively financing the industrial and commercial projects in the state of Kuwait.
The stock exchange's benchmark index dropped for its sixth day of declines
11:37 GMT
Egyptian three- and nine-month treasury bill yields climbed at auction on Sunday, with investors thin on the ground due to concerns over political unrest ahead of anti-government protests planned for June 30.
In April, the United Kingdom’s second-biggest bank by assets, Barclays, announced its plan to increase its presence in Egypt by boosting the number of its branches by 10%.
11:36 GMT
Egypt’s high consumer interest rates have prompted a number of international and Gulf banks to tap the country’s banking sector for long-term investments, overlooking the incumbent weakened economy.
The museum will let fans reminisce about Fairuz's earlier music career.
11:02 GMT
The Beirut home of legendary singer Fairuz is now scheduled to be restored and turned into a museum, commemorating the life of the songstress.
According to prosecution records, J.B. abused her post at the Dragon Mart administration and forged the blank cheques worth more than Dh1.3 million and wrote J. T.’s name as the beneficiary
10:52 GMT
A former woman executive with Nakheel allegedly fled to her home country after embezzling more than Dh1.3 million worth of tenancy contract cheques, a court heard.
Crown Prince Sheikh Tamim Bin Hamad, 33, is set to be Qatar’s next emir, Al Bawaba Arabic reported.
10:47 GMT
Shekih Tamim Bin Hamad, the 33-year-old Qatar crown prince and son of current emir Khalifa Al Thani, is set to be Gulf's next emir. Meanwhile, the current prime minister and cousin of Hamad is said to be stepping down.
“We are not moving as some expected us to move. We are moving at our own pace..."
10:46 GMT
Russia’s Rosneft is under no pressure to sell assets to fund debt repayments and will decide how to streamline its business once cost savings from a takeover of rival TNK-BP become clear, its finance chief said.
The Gulf Arab region is home to some of the world's largest sovereign wealth funds and family investment offices
10:45 GMT
Large institutional investors in the Middle East are increasingly switching towards alternative investments such as private equity and hedge funds to generate returns in volatile global markets, a study released on Monday showed.
Is the time running out for Morsi? (AFP file photo)
10:44 GMT
The anti-Egyptian President Mohamed Morsi 'tamarod' (rebellion) campaign has gathered 13 million signatures since May 1, as the number of voices calling for Morsi's early ousting increases.
It was down to the bottom three: Salma and Perwaz nervous and sad (photo from the show's Facebook page)
10:23 GMT
It was a sad Saturday night to be Salma Rachid or Perwaz Hussein. The two gals made it so close and yet so far from the end of the competition and were eliminated from the weekend's show, while Ragheb Alama gets a big a surprise.
Afghan security forces stand guard at the site of a suicide attack near Kabul military airport in Kabul on Monday. AFP photo
10:23 GMT
All seven of the suspected Taliban militants who launched an attack on Kabul airport died in suicide bomb explosions on Monday, an Afghani police chief said
Lebanese soldiers stand guard on tanks on the fringe of a protest in Beirut on Sunday. AFP image for illustrative purposes.
10:09 GMT
A car bomb exploded in Taanayel east Lebanon, damaging nearby vehicles but causing no injuries
Elwi and other artists will not let their Minster of Culture destroy their culture.
10:08 GMT
A number of artists and intellectuals continue to occupy the culture ministry headquarters in Zamalek, Cairo, insisting mostly on the removal of Culture Minister Alaa Abdel-Aziz.
A view of the Saloum crossing between Egypt and Libya. Image courtesy of thirdage.com
10:00 GMT
At least eight Egyptians have been injured after clashes with Libyan border guards, who set an Egyptian truck on fire.
The beautiful, simple and trending designs of Chakra.
09:26 GMT
A group of friends started Chakra, one of Egypt's newest and trending startups, by delving into the fashion scene with the simple beauty of market fabrics.
The princess is here! Diana Haddad hits up Arab Idol as a guest star.
09:22 GMT
Diana Haddad busted out a remix of Samira Tawfiq’s music as a form of tribute, along with a variety of her own songs, new and old, on set of Arab Idol on Friday night.
assan Rowhani, a moderate Iranian presidential candidate and former top nuclear negotiator, waves as he arrives for to campaign at the Jamaran mosque in Tehran, on June 1 (Atta Kenare/ AFP)
09:18 GMT
The Guardian Council are reassessing Hassan Rouhani's qualifications to run for President as reports emerged that a reformist coalition had settled on backing his candidacy
An Iraqi soldier stands guard on a main road in Baghdad as Shiite Muslim pilgrims arrive on June 2 (Ahamd al-Rubaye / AFP)
08:56 GMT
Three near-simultaneous bomb attacks killed 12 people in a mainly Shiite town north of Iraq
Nancy, Anthony and ballet in Beirut for August- what more could one ask for?
08:45 GMT
For the second August in as many years, Beirut Holidays promises to pump Beirut Souks with a wide range of local and international performers beginning with the renowned Nancy Ajram.
Operations Chief-of-Staff of the Jordanian armed forces Awni al-Adwan and US Major General Robert G. Catalanotti (R) are seen during a joint press conference announcing details about "Exercise Eager Lion" in Amman on Sunday. AFP
08:18 GMT
High ranking officials from the Jordanian Armed Forces and the US military announced the commencement of the 'Eager Lion' training drill on Sunday. 8,000 army personnel will be in Jordan to take part in the programme, which seeks to boost military cooperation.
Doomed by Hope covers (Photo from Eyad Houssami's Facebook page)
08:10 GMT
Eyad Houssami, editor of 'Doomed by Hope: Essays on Arab Theatre' interviews with Jadaliyya and shares his thoughts on what's facing contemporary Arab Theatre.
A picture taken during Sunday's protests in Lebanon. (image courtesy of Nahar )
08:02 GMT
The Gulf countries told their citizens to avoid the Lebanese land for the time being and naturally, the Beirutis took particular offense; Yemen's Human Rights Minister joins strike; 'like' a protest on Save-facebook; and Syria about to move it up a notch.
UAE would attract significant capital flows in additional foreign investment
07:00 GMT
The UAE and Qatar will see a gradual surge in foreign investment inflows of up to $3 billion if they get elevated to the emerging market status tomorrow, investment managers said.
Short Bias funds detracted from overall Equity Hedge performance, declining by -3.2 per cent.
06:13 GMT
Hedge funds posted their 7th consecutive monthly gain in May and the 11th gain in the last 12 months as strong performance in Equity Hedge and Event Driven strategies offset weakness in Macro and CTA strategies, according to data released today by HFR.
According to the United Nations, most cases of female genital mutilation take place in Africa and the Middle East. (Getty image for illustrative purposes only).
06:00 GMT
Female Genital Mutilation (FGM) is condemned worldwide but caused the death of a 13-year-old Egyptian girl on Thursday.
This new financial tool is arguably an addition to the markets and will further boost trading on those markets
06:00 GMT
The regulation allows a shareholder who does not want to or cannot subscribe for the share increase to sell his rights for financial benefit.
Emaar launches new residential project
05:30 GMT
Emaar Properties has unveiled its newest residential development in the city.
Syrian army soldiers assess a damaged street in the town of Qusair, in Syria's central Homs province on  Friday, as the regime sought to 'remove' all remaining rebel strongholds in the country. AFP
05:00 GMT
After securing the northern town of Qusair late last week, the Syrian regime forces are allegedly preparing for an attack on Aleppo, a rebel stronghold.
No matter if you call it shisha, hooka or argila, it will still make your health go up in smoke. (Getty photo).
05:00 GMT
Although shisha is considered to be a symbol or the Arab culture it remains more toxic than cigarettes.