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Saturday, February 18, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Aramco, Pertamina weigh possibility of joint refinery in Indonesia
Saudi Aramco Asia Co. Ltd. , a subsidiary of Saudi Aramco, has signed a memorandum of understanding with ...

Saudi- Rising construction costs stall many projects
There has been a substantial rise in the number of stalled real estate projects in Makkah recently due to the hike in ...

Naked girl found eating out of trash
Naked girl found eating out of trashTEMECULA, Calif., Feb 18, 2012 -- A Temecula, Calif., woman was arrested on suspicion ...

Qatar- Shell Conclave in Doha Mulls Best Practices in Asset Operation
Senior members from Shell production assets around the world met in Doha for the first time to discuss best ...

China lowers reserve ratio for banks
In a move designed to boost liquidity and stimulate the economy, China's central bank is to lower the ...

Makkah development chair set up
Makkah Gov. Prince Khaled Al-Faisal on Saturday emphasized the need to develop undeveloped Makkah districts by ...

'Oil market likely has sufficient supply-side flexibility in 2012'
For a change, the IEA and the OPEC are on the same page. And OPEC must be proud of this moment. A consensus has ...

Greece's cabinet passes new austerity package
A Greek official said that the country's cabinet endorsed extra austerity measures that would enable Greece to receive a USD171 ...

Lebanese caught in act with his housemaid in Kuwait
Police have arrested a Lebanese expatriate who was allegedly having 'fun' with his housemaid inside his car in ...

Saudi- Kingdom set to emerge as leading frontier economy with 4.6% growth
Alkhabeer Capital, a leading Saudi investment company, has released its latest global economic outlook for ...

Revlon's Q4 profit drops to USD36.4m
Revlon Inc. announced that profit in the fourth quarter plunged to USD36.4 million, compared with USD269.2 million in 2010's same ...

Kuwait- Hand chopped in brawl
Police are looking for two drunk men who allegedly cut off the hand of their host and escaped, reports Al-Watan ...

Saudi insurance stocks set upward uptrend
The Saudi stock market gained a 0.27 percent growth for the entire day to close at 6,830.31 points. The Tadawul ...

Strike brings Berlin public transport to standstill
A strike on Saturday by workers of Berlin's main public transport company BVG to demand higher salaries ...

Saudi- SEC signs SR480m Jeddah transformer contract
Saudi Electricity Company on Saturday signed an SR480 million contract to establish a transformer in the Western ...

Kuwait- Several expats admit being forced by visa traders into violation
Several Arab and Asian expatriates admitted they are forced to violate the Kuwait residence law when they are unable ...

Saudi- Pakistan seeks hike in pilgrimage quota
Pakistan Minister for Religious Affairs Syed Khursheed Ahmed Shah said his country's request for an additional quota ...

Saudi- Invest in Tunisia: Jebali
A high-level Tunisian delegation currently visiting the Kingdom and led by its Prime Minster Hamadi Jebali met with ...

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