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Monday, March 12, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE's Aldar, Sorouh in merger talks
Abu Dhabi's Aldar Properties said that it is in talks with Sorouh Real Estate for a possible merger, reported AP. The ...

UAE- DFM rallies 4.73% on Greek deal, higher oil
Shares on Dubai stock market rallied yesterday as investor sentiment rose following successful resolution of the ...

Saudi- Positive sentiment prevails at Tadawul
A bull run in the Saudi stock market persisted to drive profits to a new level on Sunday. The Tadawul All-Share Index ...

GCC oil and gas reserves worth $65 trillion
The GCC's hydrocarbon reserves are estimated to be worth around $65 trillion at current export prices, based on new ...

Emirates Airline to recruit over 4,500 staff
Emirates Airline's Vice-President of Recruitment, Alison Ward, said that starting April, the carrier would begin recruiting over ...

Another Russian game of words
Saudi Foreign Ministry statement was loud and clear; Russia, stop interfering! And do not make false accusation that ...

UAE- Funeral of drowned teenager today
The body of Omar Hussain, 18-year-old Bangladeshi who drowned in Sharjah on Thursday, was found on Sunday at ...

The Asian trading session seems to be not so optimistic
The Asian trading session at the beginning the week seems to be not so optimistic, where most of the major Asian currencies were trading ...

Gold-FOREX Correlations Shift Back to Anti-Dollar as Traders Await FOMC, Data
The following table includes the correlation between gold and the most popular currency pairs over various timeframes. A value close to ...

Looking to Buy USD/JPY
The market is doing a good job of showing the potential formation of a major cyclical bottom after closing above the weekly Ichimoku cloud ...

Saudization, foreign expertise key to growth
Saudi Arabia has become one of the most investment-friendly states in the world, with foreign investment inflows ...

Rents, food prices weigh on Saudi inflation
Saudi Arabia's inflation rose to a 14-month high of 5.4 percent in February 2012 compared to the same period last ...

UAE- Nippon Oil sees promising opportunities in Gulf
Japanese energy giant JX Nippon Oil & Energy Corporation is eyeing more opportunities in Gulf markets for its ...

Saudi- Jazan hospital OT shut down
The operation theater of a private hospital in Jazan was shut down and its owners fined SR270,000 by the Ministry of ...

Saudi- Stop sensationalizing the book fair!
Why should our media carry sensational headlines on the ongoing Riyadh International Book Fair? The headlines ...

Parking problems
When it comes to parking in Saudi Arabia, people here just don't seem to take it seriously. One can easily spot ...

UAE- Two killed in accident near Al Ain
A GCC national and his companion were killed when the vehicle they were travelling overturned on the Abu Dhabi-Al ...

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