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Monday, April 9, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi heading for record budget and current account surpluses
Oil markets have been tight so far this year, with prices and Saudi production are above expectations. Jadwa ...

Saudi Arabia tops list with $12bn of petchem projects
GCC petrochemical companies are amongst the lowest cost manufacturers in the world owing to cheap feedstock and energy ...

Australian Dollar Sold as Chinese Trade Balance Unexpectedly Improves
THE TAKEAWAY: Chinese Trade Balance Showed $5.35B Surplus in March vs. -$31.48B in February > Traders Surprised by the Increase Sold ...

Serbian mafia did Mubarakiya heist in Kuwait
Two members of a 'mafia' gang were arrested for armed robbery of a jewelry store in Mubarakiya last week. ...

Saudi banks lend $247m to SMEs in four years
Saudi banks provided $247 million loans to 1,113 small and medium enterprises during the period 2006-2010, an ...

UAE- Xpress Money starts flat fee on remittances to India
Xpress Money, the preferred partner for money transfers in the GCC, on Monday announced it has introduced a flat ...

UAE stays favourite country among Gulf nations: Survey
The UAE remains favourite country among Gulf nations for attracting expatriate talent and the region continues to ...

UAE- DDF in $1.1b loan deal to fund expansion
Dubai Duty Free, or DDF, said on Monday that it was making its maiden foray into the global financing market to ...

UAE- Jobless youths carry teen to house, molest him
Two jobless men - a stateless and a Yemeni - allegedly molested a 17-year-old male student in the house of one of ...

Saudi- Qassim Cement profit up 7.65%
Qassim Cement Company posted a consolidated net profit of SR158,442,456 for the first quarter of 2012 compared to ...

Saudi- Shoura raises employment age to 18
The Shoura Council yesterday moved several amendments to the existing civil services regulations that included raising ...

Double standard and social justice
A couple of days ago, I read a joke on Twitter that indicated the presence of two superpower armies in the world right ...

Japanese Yen Bought Following BOJ Rate and Stimulus Decision
THE TAKEAWAY: Key interest rate maintained at 0.10% > Though the rate decision was expected, traders were caught off guard by the ...

Saudi- Prince Alwaleed tops Forbes Middle East's billionaires list
Forbes Middle East has just revealed the Arab billionaires ranking, composed of 36 distinctive billionaires from ...

3 Kuwaiti tweeters released on KD 1,000 bail each
The Public Prosecution Sunday released three Kuwaiti tweeters on KD 1,000 bail each. They had been arrested and ...

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