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Tuesday, April 3, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Growing military budget shows China's designs
Amid little fanfare and just ahead of the opening of the National People's Congress , China announced its draft ...

UAE- Khalifa Port's first phase to be operational in Q4
The first phase of the Abu Dhabi Ports Company's, or ADPC, flagship project Khalifa Port will be operational by ...

Saudi- Cabinet approves law to curb money laundering
The Council of Ministers yesterday approved the law for combating money laundering, which will also be applied to ...

UAE- Staff bleeds firm of Dh4m worth of gold
A goldsmith allegedly stole 30kg of gold worth Dh4 million from a jewellery company he worked for, a court heard ...

UAE orders removal of workers' buildings overlooking family residences
> H. H. Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council member and ruler of Sharjah has ...

Foreign investments in Spain up 18.4% in 2011
Spain's Ministry of Economy and Competition said that foreign investments in the country in 2011 jumped 18.4 percent from a year ...

Saudi finance minister happy with Fitch double-A-minus rating
The latest investment-grade rating given to Saudi Arabia by Fitch highlights the strength and soundness of the ...

Saudi- Linde to invest $380m in Jubai chemical complex
The technology group The Linde Group and Sadara Chemical Company recently signed a long-term contract that ...

Saudi- Board accepts STC chief's resignation
Saud Al-Daweesh, CEO of Saudi Telecom Company , has resigned, it was announced yesterday. STC's board of ...

Saudis must widen career options
Offering successful businesspeople a forum to speak about the current and future business climate in Saudi Arabia, ...

Drunk Kuwaiti husband stabs wife after she delivers baby girl
A woman was stabbed by her Kuwaiti husband and was left profusely bleeding from the stab wounds near a security check ...

Kuwait- 130 kgs of hashish stuck in fisherman's net
Police are looking for smugglers who dumped a box containing 130 kilograms of hashish and a large number of narcotic ...

GCC construction poised for rebound with $286bn projects
The construction sector in the GCC states is poised for a rebound, with $286 billion worth of projects set to be ...

Saudi- pledges SR468m soft loan facility to Nepal
Saudi Arabia has pledged to grant a SR468 million loan facility to Nepal on easy terms with an aim to develop and ...

600 jobs unveiled for Saudi women
The recruitment center of the ladies section at the Riyadh Chamber of Commerce and Industry has announced 600 ...

Saudi- Nigerian child drowns in Arbaeen Lagoon
The body of a drowned Nigerian child was lifted from the Arbaeen Lagoon in downtown Jeddah yesterday. The child, ...

UAE- Porter robs shops of saffron worth Dh4m in a year
The Dubai Police on Monday arrested an Afghan porter for allegedly stealing saffron worth over Dh4 million from ...

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