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Saturday, April 21, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Italian Police Seize Billions of Dollars Worth of US Bonds, Gold
Police in Italy have seized 1.5 billion dollars worth of US bonds and more than 1,000 tons worth of gold ...

New Zain KSA router supports 4G and 3G
Saud Al-Bawardi, chief commercial officer at Zain KSA, has announced the launch of the first device ...

GCC to impose 100% 'health tax' on tobacco
The Gulf Cooperation Council states are expected to double customs tariffs on cigarette and other tobacco ...

Saudi- Crazy driving
Late in the afternoon last Thursday, the guard on duty at a checkpoint in Riyadh on the way to the airport was ...

Kuwait- Baby delivered aboard flight
A GCC national was lucky to have delivered a baby Thursday aboard the Kuwait Airways flight 118 from New York to ...

Japan To Forgive $3.7 Billion of Myanmar's Debt
Japan says it will forgive about 300 billion yen of Myanmar's debt as a way to support the ...

Saudi- MA'ADEN Seeks SR7 Billion Funding For Future Projects
Saudi Arabian Mining Company 'MA'ADEN' today announced that it will be consulting with a number of banks to ...

Saudi mutual funds capture 66% of total GCC asset industry
Saudi Arabian mutual funds account for 66 percent of the total GCC asset management industry , followed ...

Six GCC companies in the Top 500 ranking with market cap of $210bn
The Financial Times has released its latest ranking of the global Top 500 companies by market capitalization as at ...

Bahraini sectarianism and Sadr exposed!
For the situation to reach the stage where Shiite Iraqi leader Muqtada Sadr is calling on the people of Bahrain to ...

Saudi- Dar Al-Arkan income up 7.1%
Dar Al-Arkan Real Estate Development Company announced yesterday its interim financial results for the three-month ...

Saudi- Kingdom Holding posts SR101m net income
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company , announced yesterday the company's financial ...

Saudi- Islamic banking grows 10 to 15% annually
Islamic banking and finance, with a total asset of $1.4 trillion and more than 1,000 institutions operating in many ...

Debating Islamic Finance
It is the Mega Islamic Bank at last. Though it was a mere tripartite memorandum of understanding between ...

UAE- GHC plans to spend Dh5.8 billion on steel expansion, aluminium, seamlesspipe units
General Holding will spend Dh5.8 billion in three to four years to expand its steel capacity and set up a seamless ...

The Ikhwan's shortcut to power
The plot of the 2004 movie "Shortcut to Happiness", which I watched recently, goes like this: Jabez Stone is a ...

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