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Friday, February 17, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Belgium- At US behest, payment system SWIFT ready to block Iran banks
Belgium-based SWIFT, which operates the bulk of global cross-border payments, said on Friday it was ready to implement ...

Saudi- Kingdom major market for high-value, prestige cars
The number of new vehicles sold in Saudi Arabia per year is expected to exceed 1 million units a year by 2016, ...

Qatar occupancy levels stable as new hotels come online
Qatar has recorded positive hotel performance results in 2011 according to STR Global, reflecting increasing demand ...

UAE- Post-Arab Spring media strategies in spotlight
Malaysia's former Deputy Prime Minister Anwar Ibrahim, British PR guru Lord Bell and former head of Al-Jazeera ...

Saudi- Robber gets five years, 1,500 lashes
A Saudi youth was sentenced to five years imprisonment and 1,500 lashes for armed robbery in the capital, the Riyadh ...

Qatar Petroleum International in deal for $4.5bn venture
Qatar Petroleum International has signed a joint venture agreement with Siam Cement Group and its ...

UK official asks Saudis to ease visa procedures
British Deputy Consul General Michael Cockle, who is the head of the trade and investments section at the British ...

Saudi- Trading value falls to SR42bn
Tadawul All-Share Index added about 15 points, or 0.22 percent, during the week ending Wednesday to close at ...

Saudi- A rude awakening for hospitals
Insulting doctors and other employees in the health sector has become a trend in Saudi Arabia. Many insults and ...

Dubai inflation down
The monthly consumer prices inflation rate in Dubai dropped 0.94 per cent in January 2012 compared to December ...

Gazprom Lowers Gas Prices on Long -Term Contracts for The EU and Turkey
Russia s natural gas monopoly Gazprom reduced the gas price under long-term contracts for consumers in the EU ...

Hyundai E&C Wins US$128 Million Deal to Build Power Substation in Saudi Arabia
Hyundai Engineering & Construction Co., a leading South Korean industrial plant builder, said Wednesday it ...

China's Foreign Direct Investment Falls 0.3 %
The Chinese Ministry of Commerce announced on Thursday that the Foreign Direct Investment has reached ...

Kuwait- Iraqi female spy's release reportedly secured by MP
An Iraqi woman was referred to Shuwaikh Police Station on charges of spying after police caught her taking photos of ...

Saudi- Female prisoners have conjugal rights, says NSHR
The National Society for Human Rights confirmed a fire that broke out at a women's prison in Makkah last week ...

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