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Thursday, February 2, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Facebook files for highly anticipated IPO
Facebook files for highly anticipated IPOWASHINGTON, Feb 1, 2012 -- Facebook Inc. filed with U.S. regulators to take the ...

EU stops merger of world''s two biggest financial exchanges
> The European Union Wednesday prohibited the proposed merger between Deutsche Borse and NYSE Euronext, ...

Lower credit card rates good for banks too, UAE paper
> The UAE Central Bank's intention to cap interest rates on consumer credit cards at 18 per cent ...

China announces $2.5B fund for small businesses
China announced more help Wednesday for its struggling private business sector, unveiling a $2.5 billion fund to ...

At least 73 die in Egypt soccer stampede
At least 73 die in Egypt soccer stampedeCAIRO, Feb 1, 2012 -- A stampede by thousands of soccer fans after a match in ...

Police: Woman robbed bank for dentures
Police: Woman robbed bank for denturesWAYNESBURG, Pa., Feb 1, 2012 -- Police in Pennsylvania said a woman accused of ...

US Qualcomm posts 16% increase in Q1 profit
Qualcomm Inc. said that since growing global demand for smart phones increased the firm's sales, profit in the first quarter ...

UAE- Waha Capital's profit drops 38% in 2011
Abu Dhabi' investment firm Waha Capital said its earnings for the full year 2011 dropped 38 per cent to Dh155.31 ...

Riyal-pound rate to be revised to help students
The exchange rate of the British pound will be revised for Saudi students studying in Britain, business daily ...

Saudi- ABB wins $250m power orders from SEC
ABB, a leading power and automation technology group, has won orders worth more than $250 million from the Saudi ...

Saudi equity market cap surges to SR1.30 trillion
The Saudi stock market showed a positive march in January after falling over 3 percent in 2011. In January, the ...

Saudi economy expected to grow 3.8% in 2012
Emirates NBD, a leading bank in the region, forecasts a 3.8 percent growth in Saudi GDP in 2012, backed by public ...

Europe's deep freeze death toll hits 90
Europes deep freeze death toll hits 90ISTANBUL, Turkey, Feb 1, 2012 -- Blizzard conditions ground Istanbul, Turkey, to a ...

Overcoming religious phobias
Islam has become an important part of American discourse leading up to the 2012 federal elections and candidates ...

IMF says Qatar's 2011 GDP growth at 19%
The International Monetary Fund said that in 2011, Qatar's economy expanded at 19 percent, compared with 17 percent in the ...

Texas mom accused of prostituting daughter
Texas mom accused of prostituting daughterHOUSTON, Jan 31, 2012 -- "A monster" is how a Texas woman allegedly described ...

UAE- Once-lucky home-alone girl plunges to death
She was saved in the nick of time then, but could not be pulled back from the window of death on Tuesday evening. ...

UAE- Investors flock to gold
ADS Securities, the Abu Dhabi-based forex and bullion trading platform, has reported increased demand for gold at the ...

Saudi- A sponsor of foreigners without her knowledge
A Saudi woman, who wanted to recruit a foreign driver, was shocked to discover she has had four foreigners under her ...

Why the Islamists win elections in Arab countries
There are plenty of special interests out there in the West pushing an Islamophobic message There have now been two ...

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