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Monday, June 18, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi Arabia tops GCC list of firms operating in telecom industries
The GCC countries have around 235 companies operating in the various industries within telecommunications sector, ...

Emirates fully repays sukuk
Emirates, the world's third-largest airline, announced on Monday that it has fully repaid a $550 million sukuk ...

US regains top spot for fastest supercomputer
An IBM supercomputer developed for US government nuclear simulations and to study climate change and the human genome ...

Assets of listed banks in Arab stock markets reach $ 1.394 trillion
Forbes Middle East has conducted an in-depth study into the largest banks in the Arab stock markets. This study ...

Euro's slide likely to resume despite pro-bailout trend
It is hard to see the result of Sunday's Greek election as a shot of adrenaline in the arm for the euro. A grind lower ...

Jordan- Dinar not at risk
A recent rise in demand for the US dollar in the local market has tapered off, according to financial experts and ...

Saudi- Insurance sector attracts investors
The Tadawul All-Share Index while reflecting a typical trough-peak combination continued marching its way ...

OPEC faces significant challenges ahead
OPEC has reached a crossroads in developing a vision, mission, goals and tools into a more flexible and sustainable ...

Jordan- Lawmakers to debate higher taxes on rich firms during extraordinary session
Deputies may endorse raising taxes on banks, telecom and mining companies during an extraordinary session, expected ...

Emirates invests $ 1.5 million in Colombo airport lounge
A pledge of continued support to Sri Lanka's tourism industry through award-winning air services was one of the ...

G20 calls for bold action from Europe
LOS CABOS, Mexico: World leaders pressed Europe yesterday to do whatever it takes to combat the euro zone's debt ...

Saudi- 'Green hospitals' in Kingdom a healthy idea
Achieving sustainable health care infrastructure requires big challenges to unify ecological and economical demands of ...

Chinese demand still key for commodities despite Greek relief
Commodities joined the general relief rally after Greeks voted narrowly to support pro-bailout parties, but any ...

UAE- SCAD plans to penalise non-cooperative firms
The Statistics Centre Abu Dhabi, or SCAD, may take action against private firms, which will not provide required ...

Jordan- Report sees Middle East, Africa as key manufacturing hubs for low-cost goods
Africa and the Middle East are well placed to succeed China as key manufacturing hubs for low-cost goods, according ...

European debt crisis continues to weigh on markets
> Worries over risks emerging from the Eurozone, especially Spain's debt levels and the Greek Elections ...

Jordan- Breast cancer cases drop by 8.6% in 2011
Approximately 925 breast cancer cases were registered among Jordanian women in 2011, an 8.6 per cent drop from 2010 ...

UAE- Two arrested over black magic fraud
The Anti-Economic Crime Department of the Dubai Police has arrested two Africans who allegedly cheated people by ...

UAE- Prosecution seeks death for 'inhuman' father
The Public Prosecution on Monday urged the Court of First Instance to award capital punishment to an Emirati ...

UAE- Suspect held 5 minutes after burglary attempt
A failed theft attempt landed a man in the police net within five minutes as he ran into the hands of a police ...

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