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Sunday, June 3, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi Tadawul at its lowest ebb
The Saudi stock market continued its downward slide, slipping 4.22 percent yesterday. The tug of war ended in the ...

Saudi- Maaden gets SR 7 bn Murabaha loan
Saudi Arabian mining company has received a Murabaha revolving credit facility worth SR 7 billion with a ...

Jordan- Cabinet decides raise in electricity bills
The government on Saturday raised electricity rates on households consuming over 600 kilowatts per ...

Kuwait- KSE market capitalization down by 1.28 pct during week
Kuwait Stock Exchange ended last week in the red zone. The price index ended last week with a decrease amounted ...

Moody's cuts 2 Jordanian, 3 Lebanese banks
Moody's Investors Service has lowered the standalone assessments of 13 banks in Jordan, Lebanon, Pakistan and ...

UAE banks in good position
UAE banks are in a "good position" and would not be negatively impacted by the recent turmoil in international ...

Stainless steel makers unsure on outlook
The International Stainless Steel Forum is so unsure about the sector's short-term growth outlook, in view of a ...

Jordan finalises deal for first oil shale plant
Jordan has reached an agreement for the country's first oil shale-fired power plant in what energy officials are ...

Saudi- SR 1.4 bn loan deal for Jubail petchem project
Saudi International Petrochemical Company announced yesterday that its affiliate, International Polymers ...

Spain wants euro zone fiscal authority
Spain has proposed the setting up a new fiscal authority in the euro zone, which would control and harmonize national ...

Iraq oil exports hit 2.452 m bpd
Iraq's oil exports were 2.452 million barrels per day on average last month compared with 2.508 million bpd in April, ...

How Morgan Stanley sank to junk pricing
The bond markets are treating Morgan Stanley like a junk-rated company, and the investment bank's higher borrowing ...

Supply chain, logistics key to UAE economy
With a core objective of further growing the UAE's logistics sector, the Supply Chain and Logistics Group, or ...

Saudi SABIC ships its first consignment of ethanolamines and ethoxylates
The Saudi Basic Industries Corporation has shipped its first consignment of ethanolamines and ethoxylates from ...

Embassy in US promotes Jordan as investment destination
Jordan's embassy in Washington, DC, on Thursday hosted some "leading Arab professionals" in the US for a reception ...

Saudi Arabia funds $ 40 million training hospital in Colombo
The Kingdom is to fund the construction of a state-of-the-art and internationally accredited nurses' training ...

Egypt- Mubarak verdict called a farce
The Muslim Brotherhood's presidential candidate yesterday denounced the verdicts in ousted President Hosni Mubarak's ...

Panic as drug addict opens fire on passersby in Kuwait
Kuwait Ministry of Interior said Saturday that security forces have arrested a citizen who created panic in Umm ...

Kuwait- Rape case filed as Filipino reneges on cash after sex
A Filipino woman registered a case against her compatriot at Fintas police station and accused him of kidnap and ...

Jordan- Man sentenced for molesting foreign woman
The Criminal Court has sentenced a 30-year-old man to four years in prison for molesting an Italian woman in ...

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