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Saturday, April 7, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

U.S. Unemployment Claims at Four-Year Low
The number of Americans seeking unemployment benefits fell to a four-year low last week, suggesting that the ...

Mauritania Signs Oil Production Contract with British Company
The Mauritanian government signed last night a contract for the production and sharing of oil production with ...

Sarkozy promises budget surplus for France's economy
French President Nicolas Sarkozy said that the country's economy would witness its first budget surplus since 1974 if he gets ...

Food prices increase for 3rd month in a row: FAO
The Food and Ariculture Organziation said that food prices increased last month, wcih is the third month in a row in which an ...

Kuwait- Business Institute girl fights, forces two kidnappers to flee
Police are looking for two youths who allegedly tried to kidnap a girl in Hawalli area, reports Al-Rai daily. The ...

Kuwaiti accused of burning Iranian flag freed after week
The Public Prosecution released Nahar Al-Hajri after detaining him for one week for allegedly burning the Iranian ...

Jordan- Work under way on regional cable network
Work on the $500 million regional cable network project is under way and the network is expected to be ...

Jordan- Electricity workers' dispute referred to court
The Ministry of Labour has referred the dispute between the Central Electricity Generating Company ...

Jordan- Islamists accept 'Moroccan democracy style'
Islamists would embrace the Moroccan model in their future participation in government, provided that a short list ...

Saudi stock market cap surges to SR1.55 trillion
The Saudi stock market has been marching relentlessly higher since the start of 2012. Even the rally sustained for ...

Saudi's Tobacco imports up by 57%
The heavy custom fees levied on tobacco did not reduce its imports which rose by about 57 percent last year compared ...

Saudi- CMA tightens grip on Almutakamela
The board of Capital Market Authority has issued its resolution to suspend the trading of shares of the Saudi ...

Qatar's office and residential rentals stable in first quarter
Rental levels in Qatar's office leasing market remained static during the first quarter of the year, further ...

Saudi- SVCP announces SR1.25 per share for Q1
he general assembly of the Saudi Vitrified Clay Pipe Co. has approved the proposal of its Board of Directors to ...

Saudi- Experts to debate affordable housing
Lack of supply of affordable homes is a concern in the Middle East as a whole and no more so than Saudi Arabia. ...

SABIC invests $100m in China technology center
Saudi Basic Industries Corp. yesterday announced a $100 million investment to build 60,000 sqm new Technology ...

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