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Thursday, June 14, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- DIFCI repays $1.25b sukuk
DIFC Investments, or DIFCI, the investment arm of the Dubai International Financial Centre, announced on Wednesday ...

UAE- IPIC net profit slumps 96%
Abu Dhabi's International Petroleum Investment Company reported a 96 percent slump in 2011 full-year profit ...

Tumbling oil tests notional price floor
Following recent falls, oil prices are much closer to the industry's marginal cost, especially in North America, where ...

Saudi Arabia is world's 8th high growth economy
Saudi Arabia's winning of 8th position among the world's 10 high growth economies of 2012 listed by the International ...

OPEC chief hopes to reach consensus over output
VIENNA: OPEC appeared split yesterday over whether to cut output to strengthen oil prices, which have fallen sharply ...

Statoil : Second high-impact discovery for Statoil offshore Tanzania

Reforming euro zone's recalcitrants
Why should we, not being in the euro zone, care that much about the economic meltdown in Greece? Or about Ireland, ...

GCC opens talks with Australia, Japan
A high profile joint meeting of senior officials for strategic dialogue between the Gulf Cooperation Council ...

Saudi- Initiative to resolve labors' accommodation
The real estate committee at the Riyadh Chamber of Commerce recommended the Ministers of Municipality and Rural ...

HNWIs hold 41% of treasure assets for financial motivations in ME
Only 19 percent of treasure assets - which include items such as precious jewelry, fine art, antique furniture, ...

Saudi Arabia is a high-potential market for Emirates
Emirates Airline, which operates more than 2,500 passenger flights per week from its hub at Dubai International ...

Saudi- New recruitment plan announced
The Labor Ministry yesterday unveiled plans to conduct a study to streamline recruitment of foreign work force from ...

Moody's lowers Spanish govt bond rating to Baa3
Moody's lowered Spain's government bond rating from A3 to Baa3 due to several chief factors, with the possibility to cut the ...

Saudi- Hjzcom offers online hotel reservation
In a move to further boost domestic tourism, a young Saudi man developed a website that enables online reservation at ...

IMF approves USD1.8b additional Irish bailout loan
The International Monetary Fund stated that it has endorsed a USD1.8 billion additional loan for Ireland, as the country has ...

Ben Ali gets 20 years jail in absentia
A Tunisian military court yesterday sentenced ousted ruler Zine El-Abidine Ben Ali to 20 years in jail in absentia for ...

Kuwaiti citizen's rape sentence commuted to 40 months
The Court of Appeals presided by Justice Nasser Salem Al-Heid overturned the verdict of a lower court that sentenced ...

Mubarak: They want to kill me in prison!
Fareed Al-Deeb, lawyer for the deposed and imprisoned former Egyptian President Hosni Mubarak, quoted his client as ...

Kuwait- Husband entertains transvestites - Wife runs away
Police have released a woman who was arrested following a missing persons report filed at a local police station by ...

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