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Wednesday, October 26, 2011

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- Verdict against 6 in DIB fraud case upheld
The Dubai Court of Appeal on Wednesday upheld a lower court's verdict sentencing four businessmen and two former ...

EU leaders reach plan to reduce Greek debt
EU President, Herman Van Rompuy, said that the union leaders managed to set up a key plan that would slash Greece's debt to 120 ...

Jeddah Islamic Port signs SR52m contract
The Jeddah Islamic Port said it recently signed a contract worth SR52 million for a road project and is expected ...

UAE- Warning on high nonoil fiscal deficits in Mideast
The real GDP growth of oil exporters in the Middle East and North Africa is expected to pick up this year to ...

CFH Group advises ATCO Group on Sale of 51% of Risal to ECG
Abdulrahman Al Turki Group announces the sale of a 51% stake in its fully owned subsidiary Redland Industrial ...

Jordan reform to lead to parliamentary government: King Abdallah
Jordan's King Abdallah pledged Wednesday that his country would shift as of the next general elections to a ...

Merkel calls on G20 to introduce a financial transaction tax
German Chancellor Angela Merkel said Wednesday that Europe will call on the Group of 20 leading economies to ...

Abu Dhabi's Sorouh leases 287 units for 30 years
Abu Dhabi-based Sorouh Real Estate said it signed a 30-year lease agreement for 287 units in its Alrayyana development, Arabian ...

Dubai's ICD, Brookfield plan USD1b real estate fund
Investment Corporation of Dubai announced plans to launch a USD1 billion fund with Canada's Brookfield Asset Management, ...

Visa Q4 profit up 14% to USD880m
Visa's Inc. CFO, Byron Pollitt, said that in the fourth quarter, the company's profit went up 14 percent to USD880 million, ...

UAE- RAK Ruler pardons 85 prisoners ahead of Eid
His Highness Shaikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, has ...

King of Pop tops Forbes dead celeb list
King of Pop tops Forbes dead celeb listNEW YORK, Oct 26, 2011 -- Michael Jackson tops Forbes magazines annual list of ...

Man Plucks Out Wife's Eye Ball for Ritual
Man Plucks Out Wifes Eye Ball for RitualOct 24, 2011 -- Lying on her back at the Lagos State ...

Flu vaccine not as effective in obese
Flu vaccine not as effective in obeseCHAPEL HILL, N.C., Oct 26, 2011 -- The influenza vaccine may not be as effective for ...

UAE- Three girls get jail terms, Dh2,000 in fine for brawl
Upholding the lower court's verdict, Fujairah Court of Appeal on Tuesday sentenced one month suspended jail terms ...

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