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Middle East

IS attacks Iraqi city of Kirkuk and power plant amid Mosul fight

21/10/2016

Militants attacked targets in and around the northern Iraqi city of Kirkuk on Friday in an assault quickly claimed by the Islamic State group and aimed at diverting attention from the battle to retake IS-held Mosul. At least 11 workers, including two Iranians, were killed when IS militants stormed a power plant north of Kirkuk and then blew themselves up.

Middle East

Q&A: Saudi stock market steps up bid for foreign cash

04/09/2016

For the second time in 15 months, Saudi Arabia is loosening rules on foreigners investing in its almost $400 billion Tadawul Stock Exchange. The goal is to lure funds from overseas as the kingdom overhauls its economy to cut its dependence on oil revenue. Greater access for international investors may boost the chances of Saudi stocks being included in major emerging-markets equity indexes, potentially luring billions of dollars more.

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