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Sunday, March 18, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi's jobless hits 10.5%
There are about 8 million foreigners in Saudi Arabia annually remitting about SR100 billion while unemployment among ...

Etisalat seeks approvals for expansion in remittance services
Director of Products at UAE- based Etisalat, George Held, said that the operator approached regulators in order to gain approval ...

UAE attracts $1.8bn FDI in 2011
The volume of foreign direct investment in the UAE reached $1.8 billion in 2011 and during this period the total ...

Spain to close 27 public companies while public debt rises
The Spanish government was Friday expected to announce the closure of 27 public companies as part of its ...

Saudi's petchem earnings to grow despite weakness in demand
NCB Capital, Saudi Arabia's major wealth manager, expects continued growth in the petrochemical sector's earnings in ...

Kuwait- Youth beats off sister, police officer in bid to kidnap a girl
Police have arrested a youngster for attempting to kidnap a Kuwaiti girl, breaking the nose of her sister and ...

Dubai man quits job for cricket match
His name is Zaman Khan and he takes the wicket and the bails for being the world's craziest fan of the ...

Saudi- Cement fixed at SR14 per bag
Commerce and Industry Minister Tawfiq Al-Rabiah yesterday fixed cement prices at SR12 per bag for factories and SR14 ...

Alinma Bank signs 2 deals with Saudi Real Estate Development Fund
Alinma Bank and the Saudi Real Estate Development Fund have signed two deals related to public home ownership. ...

Saudi- Tadawul posts record turnover
Trading activity and investors' emotions at the Saudi stock market appeared to be extremely volatile yesterday. ...

Stem cell therapy banned in Kuwait
Ministry of Health employees holding PhD degrees announced that they will participate in the sit-in ...

Kuwait- 'Work permits to be limited to projects'
According to statistics issued by government sources, the authenticity of residence permit of about 300,000 residents ...

Kuwait- Bloc wants meet on salary, strikes
The majority parliament bloc is requesting a special session this Thursday to discuss salary increments and the labor ...

UAE- Three arrested for $500,000 robbery
The Dubai Police have succeeded in arresting three Russian nationals within eight hours after they allegedly stole ...

Dressed as a woman in Kuwait
Salmiya securitymen arrested an expatriate man for begging and referred him to authorities, reports Al-Rai ...

Man and woman jailed for human trafficking in UAE
A man and a woman, both Indians, were each sentenced to five years in prison on Sunday as they were found guilty ...

Saudi students complain of racist slur in Poland
Arab students in Poland, especially those from Saudi Arabia and other GCC countries, say they are being racially ...

Severe sandstorms engulf Saudi cities
The General Presidency for Meteorology and Environment yesterday warned of possible severe sandstorms in the northern ...

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