INTERNATIONAL. Peregrine Financial Group, a futures brokerage with US$396 million in customer funds, is being investigated in the US for alleged missing money as founder Russell Wasendorf Sr. unsuccessfully attempted suicide.
UAE. Saudi Arabia's SABIC clinched the number one spot with net profits of US$6.6 billion and US$90.2 billion in total assets; Qatari companies top the banking, industrials, insurance, transport and retail sectors; The real estate sector is back on track.
EGYPT. The Egyptian government has taken tentative steps towards reducing the roughly US$20 billion subsidy system that supporters say provides vital aid to the one-in-four Egyptians in poverty, and critics say is unsustainable and enriches the corrupt.