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Saturday, November 5, 2011

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Merkel loves Greeks 'when they act reasonably'
German Chancellor Angela Merkel joked ahead of a crunch summit on the eurozone debt crisis Wednesday that she loved ...

Obama: US Trusts Europe to Solve Its Debt Problems
US President Barack Obama said he had faith that the eurozone would master its debt problem, in a joint ...

Kuwaiti caught robbing expats
The Salmiya police have arrested a Kuwaiti man for robbing expatriates, reports Al-Shahed daily. According to ...

Dollar rises ahead of Greek confidence vote
The dollar rose against most other currencies Friday after the Labor Department raised its estimates of job ...

Value of Dubai constructed buildings surges 220% in Q3
Dubai Municipality said that during the third quarter, the value of Dubai constructed buildings hiked more than 220 percent ...

Abu Dhabi's Aldar records USD28.5m in Q3
Abu Duabi-based Aldar Properties recorded a third quarter profit of USD28.5 million, compared to a USD144 million losses a year ...

Arab man beats up Asian woman for refusing to flirt in Kuwait
Police have arrested an Arab man for harassing and beating an unidentified Asian woman, reports Al-Watan Arabic ...

Germany's MAN inks USD14m Iraq truck deal
Germany's MAN managing director of the company's representative in Iraq, Peter Mayr, said that the firm inked a USD14 million ...

ECB cuts interest rates to 1.25%
The European Central Bank made a surprising move cutting interest rates by a quarter point to 1.25 percent, Bloomberg ...

Dubai's Damas near USD9.5m liability settlement
Dubai-based Damas International affirmed it was in the final stages of negotiations with third party creditors over a USD9.5 ...

News Corp Q1 net income down 5% to USD738m
News Corp. said that due to the phone hacking scandal, the media conglomerate's net income in the third quarter fell 5 percent to ...

Germany sees tax intake $22.3 billion higher
Germany expects its tax take this year to come in ?16.2 billion higher than previously ...

G20 puts Italy under watch
France: Leaders of the world's 20 most powerful economies Friday pushed Europe into acting to stop Italy following ...

Tropical storm causes USD50m losses in Oman
A tropical storm sweeping through the Sultanate of Oman caused USD50 million in damages, nine deaths and 200 injuries, Reuters ...

US Berkshire Hathaway Q3 profit down 24% to USD2.28b
Berkshire Hathaway Inc. said that as a result of the decrease in the value of the company's equity derivative contracts, profit in ...

BMW Q3 net income surges 24%
Bayerische Motoren Werke AG said that due to higher demand over the company's X3 sport-utility car, third-quarter net income ...

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