| A Saudi firm whose Egyptian employee has been taken hostage in Iraq says it will bow to the kidnappers’ demands and stop working in the country. "We are prepared to pull out of Iraq to save the life of the hostage," the firm’s owner, Faisal al-Neheit, told Arabic TV channel al-Jazeera. Mohammed Gharabawi’s captors have reportedly threatened to kill him within the next 72 hours. "We ask them to release him immediately," Mr Neheit said. He added that the kidnappers had also demanded a $1m ransom for the driver, but said the company would not pay. On Sunday, the firm said it was prepared to pay the militants $15,000. |