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Tuesday, March 20, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Bahrain Air open to merger with Gulf Air: CEO
The CEO of Bahrain Air, Richard Nuttall, told Arabian Business that he would be open to a merger with Gulf Air as that would boost ...

Gulf banks face cash shortfall
Funding for an estimated $1.8 trillion of capital investments underway in the GCC would be in jeopardy with banks ...

Saudi- STC in deal with Nokia Siemens to expand 4G network
Saudi Telecom Co. has selected equipment from Nokia Siemens Networks to expand its GSM, 3G and 4G across the ...

Inmate who snuck out for sex moved to Supermax prison
Inmate who snuck out for sex moved to Supermax prisonMar 13, 2012

'Enact law to punish hate speech' in Kuwait
Attorney Mubarak Al-Hajraf has stressed on the importance of issuing a law to punish hate speech to and plug the ...

Dollar May Soon Show Strength in 'Risk Off' and 'Risk On'
The US Dollar extended its slide from last week to notch a three-day decline. This is the most consistent bearish series from the ...

LEAD: Apple is to pay dividend for first time since 1995
LEAD: Apple is to pay dividend for first time since 1995Mar 19, 2012 ...

The IMF advice
There are words of appreciation and advice for Beijing. The International Monetary Fund believes that the ...

Drake & Scull Saudi awarded AED135m contract
Drake & Scull Saudi has recently been awarded a AED135 million contract to provide turnkey MEP solutions to a ...

Saudi-Japanese JV scales new heights
Japan's Ministry of Economy, Trade and Industry has announced to confer the Monozukuri Nippon Grand Award on the ...

UPS to buy TNT Express for $6.77bn
United Parcel Service Inc. said it will buy Netherlands-based TNT Express NV for $6.77 billion in ...

US rides roughshod over sovereign state laws
The White House is proficient in pointing fingers at terrorists, war criminals and murderers provided such criminals ...

UAE- Guards jailed for raping waitress
Two security guards were each given three-year imprisonment by the Court of First Instance on Monday for raping a ...

UAE- RTA to simplifiy vehicle transfer transactions
The Licensing Agency at the Roads and Transport Authority , in cooperation with the Ministry of Interior, has ...

Inflation in UAE down by 0.44% in February
Inflation in the UAE fell by 0.44 per cent in February, compared to January this year while it increased by 0.56 ...

Saudi's ICT spending reaches SR83bn in 2011; to grow 12% in 2012
The Communications and Information Technology Commission estimates that the volume of spending on the ICT ...

Jeddah cement consumers fear vendor manipulation
Cement consumers in Jeddah have expressed fears that small traders will manipulate cement prices after the Ministry of ...

Saudi- Sony, Mobily launch Xperia S smartphone
Sony Mobile Communications has announced the exclusive launch of its new Xperia S Smartphone in Saudi Arabia in ...

Saudi vows measures to bring down oil prices
Saudi Arabia announced yesterday it would work individually and in coordination with the GCC countries and other ...

Man accused of raping girlfriend in UAE
An Iranian salesman, 34, allegedly raped his girlfriend at his place after a night out together, a court heard. ...

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