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Saudi stocks dive 7.0 percent, wiping out 2018 gains

Saudi stocks dived 7.0 percent in early trading on Sunday as the oil-rich kingdom comes under increasing international pressure over the disappearance of journalist Jamal Khashoggi. The Tadawul All-Shares Index (TASI) quickly lost more than 500 points on the first trading day of the...

War reduces Syria’s wheat crop to smallest in 30 years

 Syria’s wheat crop this year was the smallest in three decades as war and drought cut production by around 30 percent, the United Nations Food and Agriculture Organization said Tuesday. Output of 1.2 million tons in 2018 was the lowest since 1989 and compared with a pre-crisis average...

Qatar to buy fuel for Gaza's only power plant: UN official

A top United Nations official said Tuesday that Qatar is buying fuel to restart the only power plant in the beleaguered Gaza Strip. Jamie McGoldrick, the U.N.'s resident humanitarian coordinator, said this will add a few more hours of electricity for Gaza's 2 million residents, who...

Foreign investment in Egypt falls, pain ahead

Foreign direct investment in Egypt’s nonoil economy fell in the second quarter to its lowest levels since just after an IMF-backed austerity plan began nearly two years ago, a sign that more pain may lie ahead before Egyptians begin reaping benefits. Egypt is counting on new private-sector...