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Sunday, April 29, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi Tadawul continues its upward march
 The Tadawul All-Share Index extended 0.88 percent gain further on the first trading day of the week. The index ...

GCC banks expected to extend recovery; project spending 'key'
For banks in the Gulf Cooperation Council countries, 2011 was a better year than the one before. Bank ...

UAE- Istithmar takes full control of Atlantis
Istithmar World, a subsidiary of Dubai World, has became the sole owner of Dubai's landmark development the ...

Saudi banks post SR9.6bn profit in Q1
Banking sector of Saudi Arabia continued to maintain its sound financial position during Q1, 2012. The policy makers, ...

China, U.S. to Resume Negotiations On Two-way Investment Protection Deal
China and the United States will hold the seventh round of technical-level negotiations on a two-way ...

Qatar- Al Meera Posts 80% Rise in Q1 Profit
Al Meera Consumer Goods Company said on Saturday its net profits rose by 80 percent during the first quarter ...

Egyptian gas supplies to Jordan to return 'next month'
Egyptian gas supplies are set to resume next month, an energy officials said, stressing that Cairo's recent ...

UAE- Emaar profit soars 44%
Emaar Properties on Saturday declared a 44 per cent jump in its net profit for the first quarter, compared to same ...

Saudi King to launch SR 81.5 billion university projects
Custodian of the Two Holy Mosques King Abdullah is to launch the first phase of university campus projects in ...

Saudi markets power GCC RevPAR growth in Q1
Major markets across the GCC continued marked improvement in revenue per available room, or RevPAR, during the ...

Procter & Gamble posts 16% drop in Q3 net income
Procter & Gamble's Co. CFO, Jon Moeller, announced that the firm's net income in the third quarter fell 16 percent to ...

Saudi jewelry market up 35%
Share of Saudi Arabia's jewelry market has jumped 35 percent of overall Arab region's market with sales amounting to ...

Saudi- Dhuba set to get projects worth SR 2 bn
Tabuk Gov. Prince Fahd bin Sultan has directed all government sectors in the province to give priority to Saudi mason ...

Saudi Arabia calls for GCC to be fully integrated
Prince Saud Al-Faisal, minister of foreign affairs, said in Riyadh yesterday the proposed Gulf union will protect ...

Jordanian held in Denmark in terror probe
Danish police on Saturday said three men arrested in connection with an ongoing terror probe will be held for four ...

Qaddafi agreed to fund Sarkozy in 2007: Website
Muammar Qaddafi's regime agreed to fund French President Nicolas Sarkozy's 2007 election campaign to the tune of 50 ...

Osama Bin Laden's family arrives in Jeddah
The family of Osama Bin Laden arrived in Jeddah on Thursday and was received at the airport by some members of the ...

Jordan- Three Egyptians charged with premeditated murder of colleague
Criminal Court Prosecutor Ramzi Nawayseh on Saturday charged three Egyptians with the premeditated murder of their ...

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