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Wednesday, May 23, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

French bourse and euro drop sharply Wednesday on debt fears
> Share prices on the Paris Stock Exchange dropped sharply Wednesday, losing over 2.6 percent on fears ...

The euro awaits its verdict
The creation of the euro just over a decade ago was a courageous and unique experiment. Today, the outcome - ...

Jordan- Deputies donate 15% of salaries to Treasury
Deputies on Wednesday agreed to deduct 15 per cent of their salaries for the Treasury to address the difficult ...

HP to slash 8% of workforce by 2014
Hewlett-Packard Co. announced that by October 2014, the company will cut 27,000 jobs, representing 8 percent of its 350,000 ...

Jordan- 71 corporations dole out JD824m in cash dividends to shareholders
Only 71 out of the 255 public shareholding companies distributed cash dividends to shareholders during the past ...

Free but fair trade
The economic conference organised in Lahore earlier this month did more than bring together business leaders from ...

UAE suggests its 3 pro-labour steps to GCC
The UAE has recommended its three initiatives for labour welfare to the other member states in the Gulf ...

Qatar's Barwa to set up USD4.9b Golf City project by 2018
Qatar's Barwa Real Estate's Co chief executive, Abdulla Al Subaie, stated that by 2018, the firm will launch a USD4.94 billion ...

Jordan- 'Delay in fibre optic network hindering adoption of IT tools'
The delay in completing the country's fibre optic network project is holding back the introduction of IT tools in ...

Bahrain- Hotel rates up 70% in April
STR Global issued new reports showing an in crease in hotel rates in the Kinfgdom of Bahrain, due to the revival of the country's ...

Iraq pursues investments in real estate
Iraqi Minister of Construction and Housing Mohammad Al Daraji declared that his country is seeking investment in real estate and ...

Kuwaiti-Korean economic ties extolled
> Member of the National Assembly of the Republic of South Korea Kim Jong-Hum asserted here on Wednesday ...

Donors pledge $4b aid to Yemen, bulk of it Saudi
Donors, with Saudi Arabia in the lead, pledged $4 billion in aid to impoverished Yemen on ...

After austerity
This year's annual meeting of the International Monetary Fund made clear that Europe and the international ...

Jordan- Repeat offenders sent to prison for child molestation
The Criminal Court has sentenced two men with prior records of molestation to prison terms for sexually assaulting ...

UAE- Guard dismantles camera, steals cash from ATM
A guard allegedly stole cash from a local bank after dismantling the surveillance camera, a court heard on ...

Kuwait- Police officers accused of raping Filipina under probe
Two police officers from Jahra Directorate, who were accused of raping a Filipino woman recently, were referred to ...

UAE- Madonna memorabilia on sale
Die-hard fans of Madonna can buy the artiste's satin pink dress she wore in the Material Girl video or a clipped ...

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