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Thursday, April 12, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

WB cuts China's 2012 growth forecast to 8.2%
The World Bank said that it reduced its growth forecast for China to 8.2 percent in 2012 from 8.4 percent, reported ...

Saudi economy grew 6.6% in Q4
Saudi Arabia's gross domestic product grew 6.64 percent from a year earlier in the fourth quarter of last year, ...

Saudi- STC cuts BlackBerry fee to SR49
Saudi Telecom Co. has announced a special offer for the BlackBerry monthly bundle to its current and new prepaid ...

Jail cook in hot water for drug peddling in UAE
The Fujairah Criminal Court of First Instance on Wednesday sentenced a jail cook to 10-year imprisonment and a ...

U.S. Budget Deficit Hits Record High for March
The U.S. federal budget deficit is running slightly lower than last year through the first six months of the ...

Kuwait- Unified GCC currency will require strong governance
Former European Central Bank president Jean Claude Trichet suggested that a future GCC unified currency will require ...

Pay utility bills by machine in UAE
Payment of water and electricity bills has been made easier, more flexible and hassle-free with the installation ...

Abu Dhabi Inflation at 0.9 Percent in Q1 2012
Statistics Center - Abu Dhabi issued today its periodic report on the consumer price index and the ...

IMF aid becomes Egypt's political football
An International Monetary Fund loan critical to propping up Egypt's teetering economy is being jeopardized by ...

Did Assad set up a buffer zone in Turkey?
For over a year the question has been: When will Turkey establish a buffer zone in Syria? This question was not ...

UAE- Nakheel plans Dh4.8b sukuk
Nakheel is all set for the second tranche of Dh4.8 billion Islamic bond, or sukuk, to be issued to its trade ...

Saudi- Source Energy, Rafal Real Estate sign deal
Source Energy LLC - a company owned by the National Tri-Generation CHP Company - has signed a contract worth around ...

Saudi- ANB posts $175m net profit
Arab National Bank reported a net profit of $175 million for the first quarter of 2012 compared to $157 million ...

Kuwait's exports up 43% to KWD20bn
Total exports of goods and services witnessed a 43 percent increase in the first nine months of 2011 to reach ...

Book refutes stereotypes about Saudi women
Saudi women have been playing an active role in all walks of life in society and compete with men in acts of charity, ...

Saudi stock market and economy are strong 'but global situation fragile'
Saudi stocks rebounded from a five-day slump on Wednesday as banks rose on strong earnings. The TASI index rose ...

Saudi- Proposal seeks to streamline divorces
A charitable society has made a proposal to the government to streamline divorce procedures in the Kingdom in order to ...

Why 'pro-Israel, pro-peace' J Street still matters
Recently, the self-described "pro-Israel, pro-peace" American organization J Street held its third annual conference ...

Militants' trial unlikely to change US secret operation policy
When the Obama administration declared it wanted to put suspects involved in the Sept. 11, 2001, attacks on trial in a ...

Jordan- Allegations of oil smuggling baseless
Government Spokesperson Rakan Majali on Wednesday dismissed accusations that oil is being smuggled into Israel ...

Jordan- Likelihood of power cuts rising as electricity workers continue, escalate strikes
The possibility of power outages is growing as employees of the Jordanian Electric Power Company and the ...

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