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Thursday, May 31, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi Tadawul dips below 7,000
The Tadawul All-Share Index closed 0.82 percent lower at 6,975.27 points yesterday. The index continued ...

Financial cushion to help GCC ease Greek exit shock
The financial cushion enjoyed by GCC governments will help mitigate any adverse consequence of a more acute ...

Is Facebook ready to spend $1b for Opera?
Opera Software would cost Facebook over $1 billion as competition from Google and others could push up the price ...

Kuwait- Global 1st quarter net loss narrows to KD 11 million
Global Investment House Wednesday announced its financial results for the quarter ended ...

Jordan- Tourism sector suffered JD700m shortfall in 2011
The Kingdom's tourism sector lost around JD700 million in real and potential revenue last year, the government said ...

Danube plans SR300 million investment in Saudi operations
Danube, a regional leader in construction, building materials and shop fitting industries, has announced plans to ...

Fiat Industrial proposes merger with unit CNH
Fiat Industrial SpA, the truck and tractor division of Fiat SpA , plans to merge with its CNH Global NV unit, Bloomberg ...

Kuwait- KSE rebounds 33.8 pts as trading volume flatlines
Kuwait stocks staged moderate rebound Wednesday stemming the 10-day decline. The index climbed 33.8 points in ...

Japan posts 0.2% rise in April's industrial output
Japan Ministry of Economy, Trade and Industry stated that last month, the country's industrial output rose 0.2 percent from March, ...

Kuwait- KD 112.8 mln deficit hits MoC due to unpaid bills
Ministry of Communications as of March 2012 incurred huge deficit running to KD 112,785,336, since many clients who ...

Mideast air travel demand up
Global air passenger traffic rose by 6.1 percent in April as demand picked up in the Middle East, the International ...

Kuwait Energy bags 'block 9'
Kuwait Energy, one of the fastest growing independent oil and gas companies in the Middle East, was awarded Wednesday ...

Jordan- Deputies vote to suspend nuclear project
Deputies on Wednesday approved a recommendation by a parliamentary committee to suspend Jordan's projected nuclear ...

UAE climbs up in economic competitive rankings
Reliable infrastructure, a business-friendly environment and a dynamic economy are the key attractiveness ...

Jordan- Cement company, workers reach agreement
The demands of workers at the Jordan Lafarge Cement Factories Company were settled on Wednesday through an ...

Women need to know about their rights
An incident recently at a Riyadh mall and posted on YouTube revealed a startling altercation between a young Saudi ...

Marijuana 'grown' in homes to meet local market demand in Kuwait
Hemp, the plant from which marijuana is produced, is cultivated indoors by some drug users in Kuwait. The source ...

Adultery in own house in Kuwait
A woman filed a case against her husband at Hawally police station accusing him of committing adultery and assaulting ...

Kuwait- 'Fun' but no marriage - 'Urfi' cheats woman
An unidentified expatriate woman has filed a complaint with the Salmiya Police Station, accusing a Kuwaiti man of ...

Man arrested after trashing Irbid liquor store in Jordan
Police are questioning a 35-year-old man who attacked a liquor store in Irbid on Monday night and destroyed its ...

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