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Wednesday, November 16, 2011

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Oil hits $100, first time since July
Oil prices hit $100 per barrel for the first time in nearly four months Wednesday as U.S. supplies dropped, ...

Saudi businessman cheated out of SR600,000
Police are investigating two cases where a Jeddah businessman and a group of Egyptian workers were swindled. In ...

Employer demands SR40,000 from accident victim's kin for damaging car
A Saudi employer has demanded SR40,000 to release the body of an Indian who worked for him for the last 18 years, a ...

Saudi- Twitter bridges gap between customers and telecom firms
An unknown entity created a twitter account called @ArabicSteveJobs that is used to connect with Apple customers in ...

Saudi- Ruwais development gets under way
Jeddah Development and Urban Regeneration Company , which is implementing the Ruwais development project in ...

Saudi- Islamic banking assets could reach $1.8 trillion by end of 2016
Islamic banks may be bolstered by a nearly doubling of assets within five years, as borrowers seek alternative methods ...

Saudi- SAEI signs maintenance deal with Aviation Link
Saudia Aerospace Engineering Industries , a subsidiary of Saudi Arabian Airlines, recently signed an agreement ...

Etihad Rail to start phase 2 of UAE's rail network
Etihad Rail said it will launch the second phase of its USD11 billion national railway network projects in weeks, Reuters ...

Jordan- Gas supplies to resume 'next week'
Energy officials expect gas supplies to resume next week following the news of successful pipeline repairs by ...

Writing songs relaxes Indonesia's president
While other national leaders play golf or ride horses to relax, Indonesian President Susilo Bambang Yudhoyono says ...

Couple sues Air Tran over cockroaches on flight
A North Carolina couple is suing Air Tran Airways, alleging they were sickened by cockroaches coming out of air ...

Jordan- Suspect charged in 'brutal' slaying of half-sister
Criminal Court Prosecutor Qahtan Qawaqzeh on Wednesday charged an 18-year old man with the premeditated murder of ...

Saudi- Radio presenter causes breakup of a couple's engagement
A presenter on an FM radio show inadvertently caused a young man and his fiancée to break their engagement despite ...

US NetApp Q2 net income down 6% to USD165.6m
US NetApp Inc. said that as a result of higher expenses, the data storage company's profit dropped 6 percent in the second quarter ...

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