Earlier this year Icann embarked on a reform program that led it to shed links with rank-and-file net users and attempt to get more solid backing by other internet groups.

BBC: Key internet body spared

Three years since founding the company, Teitelman now has some solid financial backing with which to work.

FORBES: Stanford Accelerator StartX Receives $800,000 Grant From Kauffman Foundation

Mr Moussa says this does not represent criticism of the coalition, and that Arab backing remains solid.

ECONOMIST: The Arab world's reaction

The market was supported by the U.S. dollar index backing well off its daily high and by a solid rally in crude oil prices.

FORBES: Comex Gold Rallies to 2.5-Month High on Safe-Haven Buying amid EU Debt Crisis