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Monday, June 4, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Oil prices tumble as speculative bubble bursts
The financial and sovereign debt crisis continues to set the agenda for almost every investment decision being taken ...

HSBC Bank Oman to boost capital
Further to the announcement on April 18, Oman's Ministry of Commerce and Industry has formally approved the merger of ...

UAE- NBAD, Adnic sign insurance partnership
The National Bank of Abu Dhabi, or NBAD, has partnered with the Abu Dhabi National Insurance Company, or Adnic, to ...

Tadawul, Qatar, Oman markets seen as more resilient: Analysts
Saudi Arabia's stock market ended 1.0 percent higher yesterday, after the main index plunged 4.2 percent on Saturday, ...

ADIB, UAE's first Islamic bank to begin operations in UK
Abu Dhabi Islamic Bank , a top-tier Islamic financial services institution, has announced the expansion of its ...

Saudi- Al-Kifah signs SR 600 m loan facility
Saudi Arabia's Al-Kifah Holding Company has signed a SR 600 million syndicated Islamic Murabaha facility agreement ...

Investors target big companies in Saudi Arabia: Philip Southwell
The following are excerpts from the interview: Since you are based in Dubai, can you please tell us the strengths ...

Saudi- Mideast firms 'not using social media effectively'
According to Bayt.com's latest poll, "Corporate Usage of Social Media in the Middle East," the majority of respondents ...

Arabs to help Palestinians if Israel halts funds
Arab countries on Saturday agreed to provide Palestinians with $100 million a month if Israel blocks critical tax ...

Emirati women now own over 20,000 firms
The number of Emirati businesswomen has crossed 13,000, who together control over 20,000 business establishments ...

Indonesia posts USD641.1m trade deficit in April
Indonesia's Central Statistics Agency announced that the decline in April's exports resulted in a USD641.1 million trade ...

UAE- Fines slapped on deceptive shops
Dubai's Department of Economic Development, or DED, has issued fines of up to Dh250,000 on various stores in the ...

Kuwait- Defaulters' phone lines to be cut starting from June 24: MoC
Ministry of Communications called on its subscribers to pay their dues for the telephone service to avoid programmed ...

Abu Dhabi to Host Arab Oil Industry Development Conference
Abu Dhabi will host on Monday a conference on the development of production capacities of oil in the Arab ...

Plans to establish Jordanian-Romanian chamber of commerce
Romanian Ambassador to Jordan Bogdan Filip on Sunday said there are plans to establish a joint Jordanian-Romanian ...

Saudi- Samsung Galaxy S III hits KSA stores
Samsung Electronics Co. Ltd, a global leader in digital media and digital convergence technologies, has launched the ...

Assad's brinkmanship
Syria is now in a fix. With each passing day, the crisis is pushing it to the brink of disaster. While the ...

Beyonce lends voice in animated movie
Singer Beyonce Knowles has been roped in to lend her voice in an animated film titled "Epic". The 30-year-old ...

Saudi- Woman dies in building fire
A completely burned body of an East Asian woman was found in an independent room in an annex on the roof of a ...

Dubai Police take part in foiling of the biggest cocaine smuggle in history of Zambia
> The regional director of the Serious Organised Crime Agency at the British Embassy, Roy Aflak ...

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