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Saturday, January 28, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Davos- ECB Chief: Debt Crisis Would Not Be Over Soon
European Central Bank chief Mario Draghi said Friday at the World Economic Forum that the European debt ...

US economy grew 2.8% in fourth Quarter
The U.S. economy grew at a 2.8 percent annual rate in the fourth quarter of 2011, the fastest growth in more ...

UAE- Mega hub of opportunities
UAE's investors can build a mega business district in South Korea's capital Seoul, besides buying shares and ...

UAE represents 30% of global Islamic banking
The Shariah-compliant financial services sector in the country represented 30 per cent of the global Islamic ...

UAE in driver's seat of tech innovation: InfoFort
The technology sector in the UAE and Dubai in particular have undoubtedly taken the lead in the region with ...

Syria, Iran: War of attrition or buckling under pressures?
US can create the external and internal conditions that could bring down regimes in both countries Iran, Syria and ...

Saudi- Amid real estate boom, Makkawis face housing crisis
At a time when Makkah's real estate sector is witnessing an unprecedented boom, several local residents are up in arms ...

Saudi- Working conditions for women to be eased
The Ministry of Labor is working on a new mechanism to address issues pertaining to work hours and commuting of women ...

Saudi- Kingdom, Iraq not to execute each other's prisoners
Saudi Arabia and Iraq have agreed in principle to put on hold execution of prisoners on death row in the two countries ...

Lack of skilled Saudis takes the shine off gold trade
Saudization in gold and jewelry shops reached 100 percent in 2003 following a royal decision issued by the then ...

Saudi- MASCO expands with launch of new factories in Bahra
Metal Artwork Saudi Company launched a new set of factories in Bahra over the weekend, with a view to ...

MENA: Geopolitical risk weighs on GCC assets
The imposition this week by the EU of an oil embargo on Iran as well as financial sanctions on Iran's central bank is ...

Saudi trade balance records SR541bn surplus
Saudi Arabia's balance of trade with other countries recorded a surplus of SR541 billion in 2010, up 19.1 percent, ...

Airbus 380 Planes Inspected for Cracks
Twenty Airbus 380 jets will be inspected after cracks were found inside some wings, according to the ...

Israel, Jordan Agree over Red Sea Water Project
Israel and Jordan reached an agreement over a project to pump water from the Red Sea to the Dead Sea, Israeli ...

Kuwaiti in bid to smuggle lion cubs
A Kuwaiti man was recently arrested at Cairo airport for trying to smuggle out three lion cubs, reports Al-Anba ...

Kuwait- Seven men allegedly kidnap, 'sexually abuse' schoolboy
Police are looking for seven men who allegedly kidnapped a Kuwaiti boy from the parking lot of his school and ...

UAE- 1,350 people embraced Islam in 2011
DUBAI - As many as 1,350 people of different nationalities converted to Islam in 2011 at the ...

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