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Saturday, May 5, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Verdict hour in France
France will decide her destiny today with the second round of the election deciding whether Nicolas Sarkozy will ...

Number of Saudi jobless women at 1.6m
Saudi Labor Ministry's undersecretary, Fahd Al Tukhaifi, announced that the number of unemployed Saudi women stands at around 1.6 ...

Qatar- Global standards should regulate FDI flows
The global foreign direct investment inflows rose by 17 per cent in 2011 to $1.5 trillion. The FDI inflows ...

Norway's Statoil, Russia's Rosneft ink JV deal
Norway's Statoil's ASA chief executive, Helge Lund, stated that the oil company inked a deal with Russia's Rosneft to form joint ...

'Process of maintaining Kuwait, Iraq borders may last 8 months'
Kuwait's permanent delegate at the United Nations Ambassador Man-sour Iyad Al-Otaibi said planned process of ...

Saudi- Employment incentives should not become a welfare program
Earlier this year, the Ministry of Labor of Saudi Arabia launched the revolutionary "Hafiz Program." The word hafiz in ...

Obama plunges into campaign, tears into Romney
President Barack Obama plunged into his campaign for a new term and tore into rival Mitt Romney on Saturday as a ...

Saudi women carve out niche for themselves in medical profession
In 1975, the only university in the Eastern Province was a small petroleum college. It was located in Dhahran and it ...

Saudi- New sixth generation BMW 3 Series arrives
Mohamed Yousuf Naghi Motors, the BMW Group importer in Saudi Arabia, has announced that the new sixth generation BMW 3 ...

Saudi- Sipchem signs SR164.8m loan deal for new plant
One of Saudi International Petrochemical Co.'s affiliates, Sipchem Chemicals Company, has signed a SR ...

Saudi carrying out SR140-billion energy projects in 2012
Saudi Arabia is implementing energy projects at a cost of SR 140 billion during the current year, thus topping the ...

Saudi- MENA IPOs raise $ 82.8 m in Q1 2012
Ernst & Young's 2012 Q1 MENA IPO report reveals that regional capital markets raised $ 82.8 million in the first ...

Europe's focus is shifting from austerity to growth
Europe's fiscal austerity policies are the key issue in elections taking place today in France and Greece. They are ...

GCC finance ministers review intra-Gulf rail project
Finance ministers of the Gulf Cooperation Council yesterday discussed the status of billions of dollars in ...

Value of Saudi contracts rises to SR52.2 bn in Q1
The value of awarded contracts in Saudi Arabia during the first quarter of 2012 continued unperturbed, signaling a ...

Saudi- Public transportation is ordered! What's next?
Do you remember the column titled "If women can't drive, bring in transportation!" published in this space two weeks ...

Saudi Arabia's first ever hip-hop radio show
"Laish Hip-Hop" is Arabic for "Why Hip-Hop." It is a radio show that educates people about hip-hop music and discusses ...

Ban on sale of tobacco in Sharjah welcomed
The draft legislation of the Sharjah government to ban tobacco sale at supermarkets and groceries around ...

UAE- Two shot dead over road rage in Al Ain
Two young Omanis were shot dead after a heated quarrel with four unidentified youths over a minor traffic accident ...

Kuwait- Runaway teen girl admits living with youth in sin
Police arrested a 16-year old girl after her family had reported to police she was missing a week ago, reports ...

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