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Tuesday, June 12, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- 20% projects not carried out: Royal Court finding
About 20 percent of government projects have not been implemented during the past six years, according to a Royal ...

EU airline losses to surge
Global airlines are bracing for Europe's debt crisis to worsen during the year, warning it would wipe out the benefit ...

UAE- DIFC regulatory and markets laws amended
The Dubai International Financial Centre has issued an amendment to the regulatory law of DIFC No. 4 for ...

Apple takes on Google with own maps, better Siri
Apple Inc. took the wraps off its own mobile mapping service and improved the search capabilities of its Siri voice ...

Saudi- SR 573 m water and sewage projects inked
Minister of Water and Electricity Abdullah bin Abdulrahman Al-Husain has signed a series of contracts of several water ...

Jordan, Iraq near gas pipeline deal; Qatari delegation due in Amman
The Iraqi government has approved an agreement paving the way for the construction of a long-awaited gas pipeline ...

Global air industry downgrades outlook, warns on Europe
The Middle East carriers are expected to post profits of $0.4 billion, down from the March projection of $0.5 ...

Kuwait bourse retreats 38.15 pts as volume shrinks
Kuwait stocks retreated Monday, snapping the two-day advance. The index dropped 38.15 points as profit taking weighed ...

Jordan- Hundreds of gov't employees denied social security benefits
Even government agencies fail to register some of their employees for social security insurance, an official at the ...

BMW 6 Series Gran Coupe arrives in Jeddah
The all-new BMW 6 Series Gran Coupe - the first four-door coupe in the history of the BMW brand - has arrived in Saudi ...

Saudi- Danube to open more branches
Danube supermarket at Sairafi Mall in Jeddah held a ceremony recently to distribute prizes to winners of its Spring ...

Sparks of solidarity in Europe
Therecent rise of right-wing parties in European countries like France, Greece and the Netherlands has gone hand in ...

Dubai, Saudi economic zones: A study in contrasts
The Jebel Ali Economic Zone is a well-established industrial and commercial zone based on an area of 48 sq km ...

Saudi- Ban on cigarette sales to teens commended
Secretary-General of Anti-smoking Charitable Society Suleiman bin Abdul Rahman Al-Sabih thanked Prince Mansour bin ...

Obama's euro scepticism
The white House has a piece of advice for Europe: Don't let the European crisis spin out of control. If it does, ...

UAE- New cab booking system to reduce waiting time
The wait after booking a cab will be shorter as the Roads and Transport Authority has launched a new taxi ...

Kuwaiti Cabinet criticised for rejecting 'toughened' law on blasphemy
Spokesperson for the Salafist Movement Fuheid Al-Heilam has said the cabinet is making grave mistake by rejecting ...

Yemeni loses his ear in Kuwait
Police are looking for an unidentified Kuwaiti man for cutting the right ear of a Yemeni man, reports Alam Alyawm ...

UAE- Cleaner acquitted of peeping at woman in shower
A cleaner was acquitted by the Court of First Instance on Monday of intentionally peeping into a bathroom where a ...

Kuwait- Customs foils bid to smuggle 'complete' sex dolls
Customs officers at the Kuwait International Airport recently foiled attempts by unidentified persons to smuggle sex ...

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