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Tuesday, April 17, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

IMF raises Mena growth forecast
The International Monetary Fund, or IMF, on Tuesday raised its economic growth forecast for the Middle East and ...

IMF: Global government debt crisis easing slightly
Governments in advanced economies are gradually making modest progress in taking control over their massive ...

US stocks jump after strong profits; Spain soothes
U.S. stocks are closing sharply higher after promising signals about the profitability of U.S. companies and ...

Translator needed for Ethiopian maid accused of beheading sponsor's daughter in Kuwait
The Criminal Court presided over by Judge Hani Hamdan has set May 16, 2012, to look into the case of an unidentified ...

UAE- Man escapes from police custody 'to feed his dog'
A British man, 33, has got his jail sentence for escaping from police custody in a hospital reduced from six to ...

UAE- Accountant locked up for Dh305,000 fraud
A woman accountant was sentenced to three months in jail by the Court of First Instance on Monday for swindling ...

UAE- Mubadala, Boeing sign deal
Mubadala Aerospace and Boeing on Tuesday announced a 10-year deal to manufacture advanced composite aero ...

Ahmadinejad's days appear numbered
The election result is an indicator of Iranian president's imminent political downfall THE March 2012 elections to ...

ICT investments creating 60,000 jobs per year in Saudi Arabia
A new specialized report launched recently about the Information and Communication and Technology sectors ...

Saudi- Roots obtains SR505m financing facilities
Roots Group ARABIA and Mimar International have confirmed that they have successfully obtained Shariah-compliant ...

Saudi- Sipchem profit up 25.4%
The Saudi International Petrochemical Company announced the company's interim financial results for the ...

Saudi- The mortgage law catalyst (1-2)
The enactment of Saudi Arabia's long-awaited mortgage law will act as a catalyst for the domestic real estate sector. ...

Saudi- Savola to distribute SR150m in dividends
The Savola Group's board of directors approved in its meeting held yesterday the distribution of SR150 million as ...

Teacher beats student with wire in Kuwait
An unidentified teacher in a school in the suburb of Abdullah Al-Salem reportedly beat a student with an electric ...

South Sudan is newest World Bank member
South Sudan, the world's newest country, is taking up membership in the World Bank, dpa cited the ...

IMF sees Italy missing budget deficit targets
The International Monetary Fund is predicting that Italy will miss its budget deficit targets this year and ...

Kuwait- AUB achieves KD 9.9m net profits in first qtr
The Ahli United Bank said on Tuesday its first quarter net profits amounted to KD 9.9 million, or 9.3 fils per ...

Annan's questionable strategy
The Syrian ceasefire supports the status quo - the armed might of the government on one side and the armed ...

18 die in Saudi floods
Civil Defense chief said yesterday that 18 people -16 Saudis and two Sudanese - died in flash floods as a result of ...

Saudi exports to Arab countries hit $7.9bn in 2011
Saudi Arabia topped the list of countries exporting to other Arab countries valued at $7.9 billion in 2011, accounting ...

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