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Saturday, April 14, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- SEC prepared for anticipated summer power hike demand
The Saudi Electricity Company has unveiled plans to meet the anticipated increase in demand for power during the ...

Saudi- SAIB reports SR212m income
The Saudi Investment Bank has reported its Q1 net income at SR212 million compared to SR208 million for the ...

Saudi Kayan incurs SR71.12m loss
Saudi Kayan Petrochemical Company in its interim financial results for the period ending March 31 ...

Saudi- Low-paid expats lament high cost of children's education
School fees for the children of expatriates are too high, say the families of children at fee-paying international ...

Japan to provide IMF with $50b
Japan is ready to contribute 50 billion dollars to the International Monetary Fund's efforts to contain the ...

UAE banks are in 'good position'
The UAE Central Bank on Saturday declared a Dh3.7 billion net profit for the fiscal year 2011. Banks in the ...

Saudi- Bank Albilad income up 821.6%
Bank Albilad reports a net income of SR511.5m for Q1 2012 compared to the net income of SR55.5 million for the same ...

Saudi- SAFCO posts SR787m profit
The Saudi Arabian Fertilizer Company's net income in Q1, 2012 is SR787 million, compared to SR833 million ...

UAE- New church complex for Al Ain
The foundation stone for the St Dionysius Orthodox Church of Al Ain will be laid on April 20 at 4.30pm. The ...

Qatar's GDP is forecast to grow to QR798bn in 2013
QNB Group has updated its forecasts for the Qatari economy for the period 2012-13, based on the recent release of full ...

Saudi cement production set to hit 56M tons
The volume of cement production in the Kingdom is predicted to touch 56 million tons in 2013 where demand is set for ...

Global oil market tightness is easing
Oil prices are in three digits - for some time now. Yet despite the spike, the supply side of the global equation is ...

TSA agent among 55 caught in kid porn net
TSA agent among 55 caught in kid porn netApr 11, 2012 -- Cops snared ...

Salary increase for Saudis to negate inflation rise
Organizations in Saudi Arabia plan to increase employee salaries two percent above inflation in 2012. The latest ...

Saudi- French investments in Kingdom total $15bn
French Ambassador to Riyadh Bertrand Besancenot has said investment environment in the Kingdom is stimulus and ...

Saudi- Schneider programs aim at reducing energy consumption in the Kingdom
A senior official of Schneider Electric, the global specialist in energy management, said yesterday that its programs ...

Sudan oil back again to fueling strife
Sudan seems to have completed a full circle as far its oil wealth is concerned. It was an import country turned ...

Saudi- Al-Jazirah, TVTC sign MoU to train 500 Saudis
The state-owned Technical and Vocational Training Corporation and Al-Jazirah Vehicles Agencies Company, the ...

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