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Wednesday, May 9, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi Tadawul falls on global market jitters
The Kingdom's stock exchange made its largest one-day drop in three weeks yesterday as global market jitters and ...

Bahrain- ABG operating income up 21% to $ 205 m
Leading Bahrain-based Islamic banking group, AlBaraka Banking Group has announced that its operating income is ...

GCC economies set to benefit from rising oil prices over next 5 years
Economic prospects for oil-exporting economies in the Gulf Cooperation Council look healthier over the next few ...

UAE- Adnic profit rises 11%
Abu Dhabi National Insurance Company or Adnic's profit rose 11 per cent year-on-year to Dh86 million in the ...

Jordan- 'MPs' lifetime pensions to cost JD4 million annually'
Lifetime pensions for members of Parliament are set to cost the state budget between JD3 million to JD4 million a ...

Kuwait- VIVA achieves KD 94 mln operating revenue in 2011
VIVA, Kuwait's newest and one of the most advanced mobile telecommunications service providers during its Annual ...

Japan OKs USD 12.6 bln capital injection for Fukushima plant operator
> The Japanese government on Wednesday approved a JPY 1 trillion public bailout for ...

Dubai set for new boom
Dubai is at the start of a new cycle of boom, powered largely by a dynamic private sector, a top official said on ...

Saudi- SABIC, KFUPM explore avenues for joint research
The Saudi Basic Industries Corporation and the King Fahd University of Petroleum and Minerals are ...

Al-Rabiah urges factories to employ modern technology, boost Saudization
Tawfiq Al-Rabiah, minister of commerce and industry and chairman of the board of directors of the Saudi Industrial ...

Germany emerges key destination for Gulf tourists
Germany has become one of the key destinations for tourists from Gulf Countries and the tourism industry witnesses a ...

Saudi- Agreement reached to provide emergency cover for tourist sites
The Saudi Commission for Tourism and Antiquities and the Saudi Red Crescent Authority have agreed to ...

UAE- Hotels accord huge response to classification scheme
The Dubai Department of Tourism and Commerce Marketing, or DTCM, has announced that there has been a huge response ...

UAE- Dh300 fine for leaving vehicle with engine on
The Dubai Police will start fining motorists Dh300 for leaving their car engines running while they go out on ...

Norway mass killer puts Western 'sanity' on trial
Oslo's handling of Breivik case could be regarded as an exemplary reassertion of what West purports to stand for If ...

9/11 plotters still at large
On September 11, 2001, I sat in my office in the Empire State Building, then New York City's third tallest ...

Teenage Kuwaiti girl attempts suicide
An 18-year-old Kuwaiti girl who tried in vain to end her life by consuming a large quantity of medicine pills was ...

Why girls are the solution to 'overpopulation'
In the midst of rapid, constant and never-ending change it is easy to overlook one of the fundamental causes at the ...

Indian worker found murdered in Saudi Arabia
The body of an Indian worker believed murdered by a compatriot was found in a residential complex in Batha city center ...

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