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Tuesday, March 27, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

BMW to recall 6900 vehicles in UAE
UAE's AGMC's General Manager, Kevin Hughes, said that BMW AG would recall around 6900 vehicles in the UAE for repair, reported ...

Soviet-era satellite falls to Earth
A Russian weather satellite from the Soviet era has fallen to Earth, landing in Antarctica after more than 40 ...

Saudi- Arab Investment Company Achieves Net Profit of $ 26 million In 2011
The Board of Directors of the Arab Investment Company has approved the final accounts of the Company for the ...

'Tweeter' held for blasphemy in Kuwait
A team of security officers from the Ministry of Interior arrested Tuesday an unidentified person for allegedly ...

Kuwait- 'Extra 9,000 MW load will be needed by '20'
It is estimated that by 2020, a total of 9000 MW extra load will be needed to meet demands of the oil sector, ...

USA- BP Oil Spill Damaged Seafloor Coral, Study Says
The 2010 BP spill that gushed oil from a broken well on the Gulf of Mexico seafloor ...

UAE- Bottled water of 2 more firms recalled
Authorities on Tuesday named two more companies whose bottled water samples were ordered to be recalled because of ...

Saudi- Jobless cost SR5.5bn yearly
A senior Labor Ministry official yesterday estimated the number of unemployed young Saudi men and women at more than ...

Saudi- 6,000 new jobs offered at women's work expo
A number of job opportunities will be offered at the third women's work exhibition, which kicked off Monday at the ...

Kuwait- Bedoun held for 'raping' 3-year-old niece
Police have arrested an unidentified person who allegedly raped his 3-year-old niece, reports Al-Rai daily. A Bedoun ...

Saudi- Profits of GCC listed firms up 29.8% to $52.21bn in 2011
The aggregate net profit of all GCC-listed stocks stood at $52.21 billion in 2011, up by 29.8 percent YoY, according ...

Saudi- Haia will stop undercover patrols and car chases
The Commission for the Promotion of Virtue and Prevention of Vice intends to stop its undercover patrols, said ...

Thank you Al Jazeera, but...
Of course we must say "thank you" to the Qatar-based satellite channel Al Jazeera, which announced yesterday that it ...

Kuwait- Al Jazeera Steel dividend payment 15 pct
Global Buyout Fund announced today that its 51% owned Al Jazeera Steel Products Company , which ...

Trafficking and flesh trade rackets busted in UAE
The Sharjah Police have busted a women trafficking gang comprising four Pakistani nationals and arrested five ...

UAE- Four students on trial over teen's assault
Four students, aged between 16 and 21, on Tuesday stood trial at the RAK Criminal Court of First Instance on ...

Police officers beaten in Kuwait
Assistant Undersecretary for Operations Affairs at the Ministry of Interior Major General Abdullah Al-Mehanna has ...

Air China posts 41% decline in 2011 profit
Air China Ltd. said that its profit last year plunged 41 percent to USD1.4 billion, as fuel prices surged, reported AP. The ...

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