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Monday, May 7, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

S&P rating boost for Saudi Arabia
Saudi Arabia's exceptionally strong external and fiscal positions received a further boost yesterday as Standard & ...

UAE- Etihad cancels USD2.3b order from Airbus
A spokesperson at Etihad announced that the airline made more cancellations of orders for Airbus' A350-1000, valued at a total of ...

Credit rating agencies give Kuwaiti banks "good" ratings
> International credit rating agencies gave most of Kuwaiti banks "good" ratings in comparison with ...

Stocks up slightly after French election
U.S. stocks opened lower Monday before making tentative gains in response to French voters electing a ...

Developers excited over BlackBerry 10 platform
Developers and top brands are already beginning to commit to the BlackBerry 10 platform for their mobile application ...

Ajman Bank's Q1 net profit up by 154 per cent
Ajman Bank announced today its financial results for the three months ended March 31st, 2012, demonstrating ...

UAE- SHUAA Capital reports Q1 2012 results
SHUAA Capital today reported results for the first quarter 2012. Revenues were AED 55.0 million

Kuwait- Zain's Q1 profit up 2%, y/y
Zain's Chairman, Asaad Al-Banwan, said that the operator was able to increase its profit in the first quarter of 2012 by two percent, ...

Iran to top GCC talks agenda
Key regional developments in the Arab world including strained relations between the six-nation Gulf Cooperation ...

Saudi- Land Rover's regional sales up 40%
Luxury automotive manufacturer Jaguar Land Rover has posted strong sales results for the MENAP

Anti-austerity backlash rattles Europe markets
An anti-austerity backlash by voters in Greece and France shook the euro zone yesterday, causing jitters for the euro ...

Effects of Arab awakening on the global oil industry
Almost fifteen years ago, I started my professional career in the oil industry by undertaking extensive training on ...

Saudi- Mobily subsidiary to cover 800,000 homes with optical fiber
Etihad Etisalat's subsidiary Bayanat Al-Oula said it is working to deliver optical fiber services to ...

9/11 defendants' trial, another piece of US theater
The second attempt by US authorities to try one of several alleged masterminds of 9/11 Khalid Sheikh Mohammed and his ...

Scandal erodes China's soft power
Buoyed by its massive foreign-exchange reserve, China has spent billions of dollars to boost its soft power. ...

Indonesian Economy Grows 6.3 Percent in 1Q
Indonesia's economy grew 6.3 percent from a year earlier in the first quarter, withstanding headwinds from ...

UAE- Boy injured after 120kg door falls on him
The Sharjah Police are investigating into the case in which an eight-year-old child got seriously injured after a ...

Kuwait- 'Let kin visit bedoun'
The Ministry of Interior has issued instructions to the concerned authorities to allow the relatives of bedoun to ...

Falls man arrested for renting room to 12-year-old
Falls man arrested for renting room to 12-year-oldNIAGARA FALLS, May 06, 2012

Man's condition grave after an electric shock
Mans condition grave after an electric shockMay 05, 2012 ...

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