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Friday, January 20, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

IMF warns on austerity
International Monetary Fund managing director Christine Lagarde joined world financial and trade organisation ...

Iran produces over 10.3m tons of crude steel in 9 months
Iran's Industry, Mine and Trade Ministry said that in the first 9 months of the current calendar year, which ended on December 21, ...

Google's Q4 revenue tops USD10b
Google Inc said that for the fourth quarter of 2011, the company's revenues jumped 25 percent from 2010's same period to USD10.58 ...

China's fiscal revenue at record high of USD1.64tr in 2011
China's Ministry of Finance said that last year, the country's fiscal revenue posted a record high of USD1.64 trillion, with a ...

Saudi independent power project in Rabigh makes rapid progress
New and ongoing projects undertaken by Saudi Electricity Co. will help match the rapid growth of the Kingdom's ...

Saudi to keep oil prices stable
The governor of the Saudi Arabian Monetary Agency said on Friday that the Kingdom would offer excess oil ...

Arab stocks lackluster on annual earnings, geopolitics
Arab stock markets closed mixed last week as investors appraised the annual results of listed firms and the fallout on ...

Saudi- GACA sukuk oversubscribed
The General Authority of Civil Aviation announced on Friday that its first ever sukuk offering was three times ...

Saudi's money supply grows as investment programs bear fruit
Fairly secured against the weakening situation in Europe, and with solid fiscal foundations to sustain its domestic ...

Saudi- Debt and deleveraging: Uneven progress on the path to growth
As the ongoing euro zone crisis illustrates, safely reducing debt and clearing the way for economic growth in the ...

Saudi- Gangs and middlemen exploit market of hiring housemaids
After years of refusing to consider having a maid in my house, I finally gave in. I hired a maid after I did what was ...

Saudi- Overflowing sewage water woes force Jeddawis to dig wells
A number of residents of Jeddah, who are desperate to find solutions to the problem of the overflowing sewage water ...

Child beggars make big bucks by begging
Children, who have been smuggled into the Kingdom from neighboring countries, are making a lot of money through ...

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