Kumaresan Selvaraj pillai


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Monday, February 20, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Soaring oil price poses a new threat to eurozone and inflation
Soaring oil price poses a new threat to eurozone and inflationFeb 20, 2012

Euro-zone reaches deal to provide Greece with USD170 bailout
Luxembourg's Prime Minister, Jean-Claude Juncker, said that the euro-zone countries reached a deal to provide Greece with USD170 ...

UAE may become 1st Gulf state to issue yuan bonds
Emirates NBD, the largest bank in the UAE by assets, is likely to be the first bank from the Gulf to issue ...

Kuwait- Obscene revenge
A Kuwaiti woman has lodged a complaint at Taima Police Station, accusing her ex-husband of giving her cell phone ...

Kuwait- Hand choppers held
Hawally securitymen have arrested two Kuwaitis for chopping the hand of their host at a party in a villa in ...

Samsung to spin off LCD operations
Samsung to spin off LCD operationsSEOUL, Feb 20, 2012 -- South Korean electronics giant Samsung said it would spin off ...

Lloyds retracts some executive bonuses
Lloyds retracts some executive bonusesLONDON, Feb 20, 2012 -- Lloyds Bank in Britain said it was taking back about $3 ...

Kuwait- Court slaps 2-week ban on Al-Dar daily
 A court Monday issued another verdict and ruled in favor of the Ministry of Information by slapping a two-week ban ...

Saudi- Latest machinery and equipment on display at Machinex Arabia
Saleh Ibrahim Al-Rasheed, director general of Saudi Industrial Property Authority , opened on Sunday the Saudi ...

Saudi- Rise in demand for premium residential projects: DAMAC
DAMAC Properties, the region's largest private luxury developer, announced Monday a marked increase in buyer interest ...

Russia behind Bulgarian anti-fracking protests?
Pity the poor Eastern Europeans. Fifty years under the domination of their massive Soviet eastern neighbor then the ...

Australia- Rio Tinto unveils $518m bet on future of automated mining
Global miner Rio Tinto has accelerated a move toward automation, unveiling a $518 million plan to pioneer the use of ...

Saudi- Tadawul keeps upward march
On Monday, the Tadawul All-Share Index closed 0.5 percent higher at 6,904.38 points. Overall performance of ...

Saudi- Zain KSA posts 13% rise in revenues
Zain KSA has announced its financial results for the year ended Dec. 31, 2011 and revealed plans for its largest ...

Saudi- State has full right to check rioting, Interior Ministry says
The Ministry of Interior has issued a statement commenting on a sermon at a mosque in the Qatif governorate on ...

Warnings to avoid Iran attack suspicious
Washington and its Western allies ideally would like to see Iran brought to its knees for a number of reasons. Iran's ...

Ad: 'Nurses wanted, must be hot'
Ad: Nurses wanted, must be hotSTOCKHOLM, Sweden, Feb 20, 2012 -- A hospital in Stockholm, Sweden said Monday an ad ...

India posts 7.65% consumer price inflation in Jan
The Indian government said that annual consumer price inflation in January was 7.65 percent, reported Reuters. The government ...

Kuwait- Bedoun gang busted in major 'Europe-destined' visa scandal
Securitymen from the Immigration General Department have arrested three Bedouns who allegedly stole passports from ...

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