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Monday, January 16, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Oil price of $100 per barrel is ideal: Al-Naimi
The Kingdom favors an oil price of $100 per barrel, identifying an ideal crude price for the first time in more than ...

S&P lowers euro-zone's rescue fund's ratings to AA+
Standard & Poor's said that it lowered credit ratings of the European Financial Stability Facility , the euro-zone's rescue ...

Saudi- STC widens range of Wi-Fi services
Saudi Telecom Co. has doubled the range of its Wi-Fi services, exclusively and free, for customers of indoor ...

NBK Capital completes its successful exit of Hanco in Saudi Arabia
NBK Capital has announced the successful sale of its stake in Hanco, a leading fleet leasing and rental company in ...

Saudi- APICORP profit rises 86% in Q4
The Arab Petroleum Investments Corp., a multilateral bank owned by the 10 member states of the Organization of Arab ...

Saudi- SABB profit up 53.4% to SR2.89bn
The Saudi British Bank recorded a net profit of SR2.89 billion for the year ended Dec. 31, 2011 - an increase ...

Banque Saudi Fransi net income rises 3.9% to SR2.9 billion
Banque Saudi Fransi Chairman Saleh Al-Omair said the bank's annual net income rose by 3.9 percent to SR2.91 ...

Unrest deals severe blow to Bahrain's bourse
During the year 2011, Bahrain's economy reeled under socio-political unrest that started at the beginning of the year. ...

Saudi- SABIC, Sinopec ink Riyadh deal to foster petchem investments
The Saudi Basic Industries Corporation and the China Petroleum and Chemical Corporation have signed ...

ECB deposits at record high of USD630b
The European Central Bank said that deposits made by banks at the ECB recently reached a record high of USD630 billion, ...

China's economy grows by 8.9% in 2011's final quarter
China's National Bureau of Statistics said that in 2011's final quarter, the country's economy grew by 8.9 percent, recording its ...

EU Presidency in a time of crisis
Talk and grand declarations are not going to persuade anyone It is almost a habit for the incoming EU Presidency to ...

Saudi- US diplomat clarifies misconceptions about visa issuance
Appointments for visa applications to the United States are given within 24 hours and visas issued within seven days ...

Religion- On attaching too much importance to trivialities
Tampering with religious principles or trying to overdo what has been prescribed by God is a sin. But, currently, it ...

Can we control the politicians?
The other morning, not being driven by the dreaded alarm clock as it was holiday time; I had one of those funny ...

Donald Rumsfeld's doctrine and the few proud Marines
During Desert Shield, on a hot mid-September day in 1990, a young American Marine inserted one Saudi riyal in a Pepsi ...

Bill almost put him back into hospital
Bill almost put him back into hospitalNEW YORK, Jan 16, 2012 -- An unemployed New York doorman was cured of pneumonia, ...

Escaped inmate found in prison attic
Escaped inmate found in prison atticBOCHUM, Germany, Jan 16, 2012 -- Police say the manhunt for an escaped prisoner at a ...

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