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Friday, June 1, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- Jafza eyeing new $500m Islamic bond
Dubai's Jebel Ali Free Zone, or Jafza, has picked seven banks to arrange a new Islamic bond, lead managers said on ...

Japan, China start direct currency trading
Japan and China launched direct currency trading Friday, avoiding use of the dollar as an intermediary ...

U.S. Crude Inventories Grow
U.S. crude-oil inventories increased last week by 2.2 million barrels to 384.7 million barrels, the Energy ...

Smoking costs Jordan JD500m each year
The indirect costs of smoking, such as health care for tobacco-related diseases, total JD500 million in Jordan each ...

Kuwait- 20 Chinese women on visit visas offer sex under massage cover
Personnel from the General Immigration Department have detained 20 Chinese women for indulging in prostitution under ...

Gulf states and an era of cooperation
.Recently, the Saudi capital, Riyadh, hosted a meeting of the Gulf Cooperation Council leaders. In the meeting, ...

Morocco targets more tourists from Saudi Arabia
.Saudi Arabia continues to grow with investments from elsewhere in the GCC and other countries and as a result ...

Kuwaiti inflation down to 3.3% in April
Kuwait's Central Statistics Office stated that the country's inflation in April dropped to 3.3 percent year-on-year, recording the ...

Denmark's CB reduces lending rate to 0.45%
Denmark's central bank stated that it reduced its key lending rate by 15 basis points from 0.6 percent to 0.45 percent, its lowest ...

Indonesia's inflation rate down to 4.45% in May
Indonesia's National Statistic Bureau stated that the country's annual inflation rate fell to 4.45 percent in May, after growing ...

Nakheel's Q1 profit grows to USD98.54m
Dubai's Nakheel announced that first-quarter net profit reached USD98.54 million, compared with a loss of USD9.8 million in last ...

Kuwait- Agility holds AGM, approves dividend distribution of 30%
Agility Public Warehousing Company held its thirty first Annual General Assembly Meeting at the Crowne Plaza that ...

UAE- Shurooq, FBC hold investment talks
The Sharjah Investment and Development Authority, or Shurooq, in collaboration with the French Business Council of ...

UAE- EIB unveils first Islamic banking app
Emirates Islamic Bank, or EIB, announced the launch of its mobile banking via the iPhone, another technological ...

Kuwait- Airport workers caught making love in car park
An unidentified couple working at the Kuwait International Airport has been arrested and referred to the Jleeb ...

Ethiopian Maid naked on street of Kuwait
An unidentified Ethiopian maid who stabbed herself and ran out of the house naked, has been admitted to the ...

Jordan- Regulators to crack down on smoking on public buses
The Land Transport Regulatory Commission will soon force owners of public transport buses to ban drivers and ...

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