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Tuesday, May 1, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Disaster averted at Jeddah airport
A major air disaster was averted yesterday when a Saudi Arabian Airlines Airbus 300 crash-landed at Jeddah's King ...

Etihad acquires 2.9% stake in Aer Lingus
Etihad Airways has acquired a 2.9 per cent stake in Irish airline Aer Lingus to boost its European profile. The ...

Murdoch 'not fit' to run News
Murdoch not fit to run NewsMay 01, 2012 -- A UK cross-parliamentary committee has ...

UAE- EIB posts 56% jump in Q1 operating profit
Emirates Islamic Bank, or EIB, announced on Tuesday its first quarter results and posted operating profit of Dh138 ...

Kuwait- $2.1 billion Al Dur project inaugurated
His Majesty King Hamad bin Isa Al Khalifa, King of Bahrain, inaugurated Bahrain's largest independent power ...

Riyadh airport to triple capacity after expansion
The capacity of Riyadh's King Khaled International Airport is expected to triple when expansion work that is set to ...

Saudi- Labor Ministry takes steps to redefine work hours
A senior Labor Ministry official has said the ministry is pursuing initiatives to determine suitable working hours for ...

Saudi eXtra begins dividend distribution
United Electronics Company has confirmed the distribution of cash dividends of SR2.5 per share with total ...

Jordan- Arab Bank profits up 10%
The Arab Bank Group, one of the Arab world's largest banking institutions, said yesterday that it managed to raise its ...

Saudi Arabia to invest $300m to link new cities to power grid
No less than 250 major companies from 13 countries have already confirmed their participation at Saudi Energy 2012, ...

Saudi- Local trader given two weeks to dispose of pirated products
The Saudi Ministry of Culture and Information gave two weeks to a Saudi trader in the Batha commercial area to dispose ...

Saudi Tadawul down but turnover improves
Saudi equities reflected almost a repeat of previous day's flat performance yesterday, which turned negative and the ...

Saudi- Maaden takes steps to implement Waad Al-Shimal Mining City
Saudi Arabian Mining Company has embarked on the implementation of King Abdullah Project for development of ...

2 Saudis freed in Lebanon coming back today
The two Saudis who were freed last week after an eight-day abduction in Lebanon will return home today, the ...

Sarkozy on defensive in bitter final election battle
French President Nicolas Sarkozy called for tougher borders and a stronger national identity on Sunday and accused the ...

Saudi- Woman matters
In one media release, Princess Hessa bint Salman, a well-known female figure and a patron of some women activities in ...

Is Al-Maliki serving Iraq or Iran?
The clamor over Prime Minister Nuri Al-Maliki's leanings has been going on since his first premiership. He had ...

Kuwait- 'Umm Ali' dead in leap from fire
: Well-known fortune-teller who went by the name Umm Ali died Monday morning after she allegedly jumped from the ...

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