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MidEast Stocks Narrowly Mixed In Low Volume as Many Markets Close for Holiday

MidEast Stocks Narrowly Mixed In Low Volume as Many Markets Close for Holiday

Finance
Shutterstock photoMiddle East shares were narrowly mixed but volume was low with markets in the United Arab Emirates, Kuwait and Egypt closed for public holidays.Saudi Arabia's index firmed with investors hopeful the country's anti-corruption crackdown is fading. A Reuters poll of leading Middle East fund managers were on balance positive about the country and almost half plan to raise their allocations to Saudi stocks in the next three months and none to reduce.Qatar's index slipped with index compiler MSCI's planning to announce early next week whether it will switch to using offshore currency rates to value Qatari equities - a step that could potentially decrease their weightings in MSCI's emerging market index, Reuters said.In company news, Retailer United Electronics said it launched ...
Criminals worry as dark net markets disappear

Criminals worry as dark net markets disappear

Technology
Four of the largest criminal marketplaces on the dark net were unreachable on Friday, prompting speculation about police activity.All four marketplaces - the Dream Market, the Trade Route, the Tochka Free Market and the creatively named Wall Street Market - allowed anonymous users to trade illicit goods in cryptocurrencies.It is not unusual for such marketplaces to disappear with their customers' cash, which they often hold as an escrow service, but the fact that the four largest have vanished simultaneously has provoked interest.Users of dark net discussion forums on the open web have warned that the sites could be targeted by a Distributed Denial of Service (DDoS) attack - a way of forcing websites offline."Whether or not it's law enforcement carrying out the attacks is another question,...
Global food markets further threaten endangered sharks, rays

Global food markets further threaten endangered sharks, rays

Science
Aug. 25 (UPI) -- Researchers at the University of Guelph found that the majority of shark fins and manta ray gills sold at markets around the world for traditional medicines come from endangered species.Roughly half of the world's 1,200 species of sharks and manta rays are listed as threatened by the International Union for Conservation of Nature including 20 that may not be traded internationally.The study, published today in Scientific Reports, used DNA barcoding technology and found 71 percent of dried fins and gills collected from markets and stores came from species listed as at-risk and banned from international trade. Shark finning, which is removing fins from live sharks, is illegal in Canada."Despite the controversy around shark fin soup and the fact that many of these species are...
Global markets slip amid North Korea tension

Global markets slip amid North Korea tension

Business
US stocks joined the downward trend after investors were left rattled by President Donald Trump's "fire and fury" warning to North Korea.Mr Trump's words came overnight on Tuesday, UK time, in an escalation of tensions between the two countries.The Dow ended a nine-day streak of closing records, falling by 0.24%, while the Nasdaq fell by just under half a percent and the S&P was down by 0.21%.JJ Kinahan, chief strategist at TD Ameritrade, said geopolitics had "splashed cold water on the markets".He added: "There's uncertainty and caution as investors nervously eye the next foreign policy moves.":: N Korea risks 'destruction' - US defence chiefIn the UK, the FTSE 100 closed down 0.59%, or 44.67 points, at 7498, broadly in line with negative trends in European markets.The pan-European ST...