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Saturday, November 12, 2011

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Egypt- Central Bank denies money transfer from Mubarak's accounts
A statement issued on Saturday, Nov. 12 by the Central Bank of Egypt denied any activity in former Egyptian President ...

UAE 2010 real GDP grows 1.4% to USD266b
Abu Dhabi Department of Economy Development said that last year, the country's real gross domestic product grew by 1.4 ...

Saudi- SR 13 Billion spent on local tourism business in the Kingdom last year
An amount of SR 13 billion were spent by visitors on local tourism business in the Kingdom of Saudi Arabia in ...

UAE plans to reduce medicine prices: MOH
UAE Ministry of Health said that in order to make local and international drug firms in the country sell pharmaceuticals at ...

IMF Chief, Japan not immune to Eurozone crisis
The chief of the International Monetary Fund said Saturday that Italy's financial reform is key to reducing ...

US official Hails Japan's efforts to forge a pacific free trade bloc
U.S. Trade Representative Ron Kirk says leaders of Asia-Pacific economies will deliver meaningful steps to ...

Saudi- Tadawul rises as Euro news cheers investors
Investors, reacting to leadership changes in Greece and Italy, lifted Saudi Arabian shares to three-month high ...

Saudi Maaden joint venture awards $32.7m deal to Kentz
The Maaden Alcoa aluminum joint venture has awarded an electrical and instrumentation contract worth $32.7 million to ...

UAE- Boeing sees strong ME growth
The Boeing Company said Middle East will continue to grow and airplane maker ruled out any impact of Arab Spring ...

Egypt- New procedures to secure Sinai gas line
ARISH, Egypt; "Security forces will spread along main [stations] and sub-stations on the gas line" said South Sinai ...

Deadly village feud sign of Egypt's security lapse
For four days this week, deadly gunfights raged between two villages in central Egypt. Men from one side besieged the ...

Kuwait- University owner, ex-top officer, running 'sex-booster' business
A former senior police officer, in collaboration with the owner of a foreign university, is allegedly using part of a ...

Kuwaiti Officers in brawl
A senior officer in the General Traffic Department allegedly insulted a junior traffic officer at a checkpoint ...

Youth in hunt for sex - Kuwaiti woman harrassed
Police are looking for two unidentified youths who allegedly harassed a Kuwaiti woman and tried to lure her to commit ...

Kuwait- Five to Prosecution in Iranian teen's murder
Officers from the Capital Investigation and Intelligence Department, led by Colonel Abdul-Rahman Al-Suhail and Major ...

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