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Monday, January 9, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Euro Falls to 11-Year Low in Oceanian Trading
The euro fell to an 11-year low against the yen Monday in the Oceanian foreign exchange market, dropping to as ...

Saudi- GACA sukuk to aid airport project
The General Authority for Civil Aviation announced on Monday that it would start Tuesday issuing sukuk or ...

Saudi- Kingdom tops Forbes list of performing economies in Arab region
According to "Forbes - Middle East" study "2011 Top Performing Economies in the Arab Region", the high oil prices, ...

Saudi- Land worth SR86 billion retrieved
The Makkah governorate has implemented 1,604 welfare and infrastructure projects in the region from a total of 3,700 ...

Saudi- SABIC assets cross SR340 billion
Custodian of the Two Holy Mosques King Abdullah received the chairman and top officials of Saudi Basic Industries ...

Saudi- Underwriting sustains profitability in Kingdom's insurance industry
Domestic insurers in Saudi Arabia have seen their business expand very quickly in recent years as health insurance has ...

Audi gains ground on premium car rivals
Audi, the premium car brand of Volkswagen, posted record sales in 2011 as demand for luxury cars in China and ...

US AT&T to sell Nokia's Lumia 900 with Windows software
AT&T Inc. said that the company would start selling the Lumia 900, a Nokia smartphone running Microsoft's Windows Phone software, ...

British PM 'finished' 'Angry Birds'
British PM finished Angry BirdsLONDON, Jan 9, 2012 -- British Prime Minister David Cameron said despite his large ...

Spain to close around 450 firms to cut deficit
> The Spanish government will close around 450 corporations, companies and general agencies in the next ...

Qatar, Jordan plan to build gas terminal in Aqaba
Jordan's minister of energy, Qutaiba Abu Qura, said that Jordan and Qatar plan to establish a gas terminal in Aqaba by next year ...

Saudi- Bus with 40 students onboard catches fire
40 college students survived an engine fire in their bus, Al-Eqtisadiah Arabic daily reported on Monday. The driver ...

Preference to English language divides Arab parents
It is not uncommon these days to see Saudi parents speaking English to their children especially in front of people in ...

Saudi- Education official jailed for corruption
The Madinah Administrative Court has handed three years time and a SR100,000 fine to an official of the education ...

Saudi- Man spends 30 years in vain to secure national identity
The National Society for Human Rights' Makkah office is looking into a petition from a man born to an ...

15 Saudi drivers question arbitrary sacking
The labor office in Madinah has stepped in to redress the grievances of 15 Saudi drivers working for a local company ...

Saudi- Ahad Rufaida residents call for crackdown to flush out illegals
Local residents in Ahad Rufaida in Asir province have urged the authorities to crack down on illegal aliens who have ...

A 'historic partnership' with the devil
The announcement came from the mayor's office of New York City on Dec. 19, 2011 in the form of an 11-page ...

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