MENAFN Summary- Daily Business News

UAE's Piling Tech wins $10m Lukoil contract in Iraq Piling Tech, one of the subsidiaries of the business conglomerate Tech Group, said that it has won its first oil ... Saudi- Defense bolstered with $29.4bn arms deal with America Saudi Arabia has boosted its defense capabilities with a $29.4 billion arms deal with the United States. The ... Saudi- SEC signs 11 power contracts worth SR2bn Saudi Electricity Company announced Friday that it has signed 11 contracts worth SR2 billion to set up power transport ... Fitch cuts Egypt's long-term foreign currency rating Fitch Ratings has downgraded Egypt's long-term foreign currency Issuer Default Rating to "BB-" from "BB" and ... Euro zone debt crisis weighs on Gulf stocks Arab stock markets suffered extensively in 2011 mainly due to the Arab Spring uprisings, global recovery concerns and ... Saudi fund inks SR645m deals to support Pakistan projects The Saudi Fund for Development signed two agreements for soft loans worth SR645 million with Pakistan to finance ... USD6.22b aid proposed for Air India India's aviation ministry asked USD6.22 billion aid for Air India by 2017 as part of the government's 12th five-year plan, Reuters ... Aramco tanker rescues 32 Egyptians from sinking boat Saudi authorities have saved 32 Egyptian fishermen after their boat sunk in the Red Sea, the Saudi Press Agency ... Riyadh oil aid to help Sanaa end severe crisis Saudi Arabia has promised to donate fuel to Yemen with a view to helping the neighboring country tide over severe ... Saudi- Court defers ruling on rape suspect's bail plea A three-judge panel from the Jeddah general court has postponed for two weeks its decision on a 43-year-old ... 30-year-old arrested in Makkah for stabbing mom, sister A Saudi in his 30s has been arrested in Makkah early Wednesday morning for stabbing his mother and sister several ... China's factory activity shrinks again in December China's vast factory sector likely shrank again December as demand at home and abroad slackened, a purchasing ... Kuwait- Bangladeshi tired of work, sets sponsor's tents on fire Police have arrested a Bangladeshi expatriate for setting fire to tents belonging to his sponsor, reports Al-Shahed ...       If you like this newsletter, help us fix your information: click here To unsubscribe click here, for help or feedback send to Admin Is this email going to your junk/bulk folder? Add noreply@menafn.com to your address book and *@menafn.com  to your safe list.   Articles in this newsletter are different than the ones in MENAFN's Arabic Daily Newsletter.