Middle East News
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ACWA Power International plans to sell shares and Islamic bonds as the Saudi Arabian developer of generation facilities joins Middle East companies seeking to raise funds for expansion.
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U.S. stocks tumbled as a report showed weaker-than-forecast growth in service industries and concern grew that a political impasse in Washington could lead to a recession. Treasuries gained, reversing losses, while gold pared an earlier slide.
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Less than 500 miles northeast of Syria, another secular Muslim dynasty is clinging to its fifth decade in power amid increasing calls for greater freedom and less corruption.
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It would be “diplomatic malpractice” not to test Iran’s sincerity to negotiate a deal that insures it can’t develop nuclear weapons, U.S. Secretary of State John Kerry said.
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