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Sunday, October 23, 2011

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Etisalat denies knowledge of any wrong doing in Swan Telecom
Emirates Telecommunication Corporation or Etisalat said had no knowledge of any wrong-doing in the Swan Telecom ...

UAE- Dh400m UAE budget deficit likely in 2012
The Minister of State for Financial Affairs Obaid Humaid Al Tayer has put the UAE budget deficit at Dh400 million ...

EU debt crisis will not hamper Gulf Arab economies: IMF
The International Monetary Fund's Deputy Managing Director, Nemat Shafik, said that the Gulf Arab region didn't face a major ...

Euro shrugs off early lows to wind up higher against dollar; yen advances
Depending on when you ask, you would get a different answer whether the market believes the G20 meeting would achieve ...

Saudi- Tadawul may open its doors to foreigners
The Saudi stock market, the Middle East's largest bourse, could shortly open its doors to foreign investors. Ahmed ...

UAE's nonoil trade up 22%
Nonoil foreign trade of the UAE grew 22 percent in the first half of 2011, according to figures released by the ...

138 dead after 7.3 quake in Turkey
138 dead after 7.3 quake in TurkeyISTANBUL, Turkey, Oct 23, 2011 -- Turkeys government said it was mobilizing help for ...

Qatar Exchange: Dividends direct to investors' bank accounts
Qatar Exchange launched an ambitious initiative aiming at allowing investors to have their dividends directly ...

Oman IPO success for SMN Power Holding
International Power has announced the successful initial public offering of SMN ...

Gulf International Bank posts $84.6m profit
Gulf International Bank has reported consolidated net income after tax of $84.6 million for the nine months ...

Saudi- Substandard jewelry sale: Gold traders up in arms
Leading gold traders and jewelers have decided to take strict measures against those involved in selling fake gold and ...

Kuwait- ICT spending seen at $318 bln in 2011-15
Kuwait Financial Centre "Markaz" recently published the executive summary of an updated version of their GCC ...

Massive turnout in Tunisian elections
Massive turnout in Tunisian electionsTUNIS, Oct 24, 2011 -- The Arab ...

Palestine- Hamas says PA subjecting some freed prisoners to 'harassment'
The Hamas movement on Sunday accused Palestinian Authority security forces in the West Bank of harassing some of ...

Teacher 'tortures' student in Kuwait
The parent of a 12-year-old student Abdul-Aziz Esam Al-Fadli has filed a complaint with the Taima Police Station in ...

Mom, boyfriend arrested for locking up son
Mom, boyfriend arrested for locking up sonERIE, Colo., Oct 23, 2011 -- A Colorado couple face false imprisonment, child ...

Ice cream vendor gets prison for selling drugs with treats
An ice cream vendor who peddled prescription painkillers from the same truck he sold frozen treats to kids, was ...

Man stabbed in Kuwait
A 27-year old Ethiopian man was stabbed in the chest, as he engaged a compatriot in a fight at Jleeb Al-Shuyoukh. ...

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