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Tuesday, November 29, 2011

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

American Airlines Files for Bankruptcy Protection
American Airlines Files for Bankruptcy ProtectionNov 29, 2011 -- American Airlines parent ...

S&P downgrades ratings of Goldman Sachs, Bank of America, UBS
Standard & Poor's said that since debt of financial institutions was worsening, the credit rating agency downgraded ratings of US ...

Americans in November more confident about economy
Americans' confidence in the economy in November rose to its highest level since July, accord to a report by ...

Hungary's central bank hikes base interest rate to 6.5%
The Hungarian National Bank hiked its base interest rate by 50 basis points from 6 to 6.5 per cent Tuesday in ...

Saudi- Labor Ministry deals double blow to firms in 'red zone'
The Kingdom has started imposing sanctions on companies that have not employed the specified percentage of Saudis, set ...

Saudi- Trial of schoolteacher accused of serial rapes starts today
A 43-year-old Saudi schoolteacher accused of raping eight girls after kidnapping them from malls and wedding palaces ...

Qatar- Consumer Price Index Up 2.5% in October
Qatar Statistics Authority has released the Consumer Price Index for October 2011. The CPI for the ...

QATAR STEEL Denies Decision to Raise Stake in Saudi Iron and Steel Company
Qatar Steel Company announced that the news published in local newspapers, regarding the decision to raise its ...

Obama Says US Stands by Europe in Debt Crisis
US PresidentBarack Obama has said his country stands ready to do its part to help Europe solve its deepening ...

Saudi riyal 'remains unaffected by dollar depreciation'
During a seminar hosted by Sidra Capital, leading Turkish Economist and Strategist Erda Gercek reiterated that the ...

Saudi- Kingdom's real GDP set to grow by 7.3% in 2011
Saudi Arabia's oil sector real GDP will grow 11.9 percent in 2011, up from earlier forecast ...

Saudi- 30% of retirees seek new jobs
More than 30 percent of Saudi retirees have started looking for new jobs to improve their revenue, according to ...

Standard & Poor's lowers credit ratings of Arab Bank
Standard & Poor's Ratings Services lowered this week its long-term counterparty credit ratings on ...

Report: Norway mass murder suspect insane
Report: Norway mass murder suspect insaneOSLO, Norway, Nov 29, 2011 -- The man accused of killing 77 people during a bomb ...

Murray sentenced to four years in prison
Murray sentenced to four years in prisonLOS ANGELES, Nov 29, 2011 -- Conrad Murray, the Texas cardiologist convicted of ...

Missing woman located in Jordan
The authorities on Tuesday located a 21-year-old woman who went missing from her family's home in Irbid on Friday, ...

Two women punished for stealing from weddings
Two Massachusetts women who crashed wedding receptions and stole gifts and money intended for the newlyweds have ...

Net chat leads to minor girl losing chastity
A Kuwaiti woman has filed a complaint with the Jahra police accusing a youth of raping her minor daughter, reports ...

Ethiopian maid holds sponsor's kids 'hostage' at knifepoint
An Ethiopian housemaid is said to have held three children of her sponsor hostage and threatened to stab them with a ...

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