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Tuesday, June 19, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi stocks play in a narrow range
Saudi stocks showed narrow fluctuations yesterday. The Tadawul All-Share Index rose 0.14 percent to 6,817.26 ...

UAE- S&P affirms NBAD ratings at A+/A-1
Standard & Poor's has affirmed National Bank of Abu Dhabi, or NBAD, long and short-term credit rating of ' ...

Four currency strategies for euro/dollar angst
Developing a currency strategy for your portfolio is like playing a chess game in which the pieces are the futures of ...

Fitch grants Kuwait ''AA'' rating
> Global rating agency, Fitch, granted Kuwait an 'AA' rating due to the country's strong sovereign and ...

OPEC basket drops 99 cents to USD 95.03 per barrel
> The Organization of Petroleum Exporting Countries reported a 99 cent drop in its price for a ...

Saudi's real GDP growth expected to average 5 percent in 2012-16
Saudi Arabia's formidable mineral resources will form the platform for a period of strong economic growth in 2012-16. ...

G-20 Plans Push for Growth
Leaders of the world's largest advanced and emerging economies gathering here Monday will find themselves ...

Incentives attract investors to Dubai
Free zones in Dubai have done well in terms of linkages to downstream production chain, labour market and banking ...

Saudi- Government plan to spend SR 780 billion on infrastructure projects fuels cement demand
Cement demand is to continue strongly, led by government expenditure. The recent government intervention of reducing ...

TEPCO to purchase another 400,000 tons of LNG from Australia
> Japan's biggest utility Tokyo Electric Power Co. said Monday it has signed two agreements with ...

Bahrain Four Seasons project ahead of schedule
Following its official launch earlier this year, the management team of Four Seasons Hotel Bahrain Bay has confirmed ...

Unexpected fall in UK inflation rate
> The rate of inflation in the UK unexpectedly fell to a two-and-a-half-year low last month as declining ...

UAE- Sophistication is new hallmark of regional investors
This month saw a further step forward in the regional banking market when France Telecom acquired 94 percent of ...

Give Greece a chance
Greeks are fond of pointing out that they invented democracy," John Lanchester pointed out in The New Yorker a ...

Saudi- CPC to build industrial park
Construction Products Company is expanding its international investments in India by developing an industrial ...

Don't debate, fix the crisis
World leaders meeting at the G20 Summit have described the brewing eurozone crisis as "the single biggest risk for ...

Kuwait- Jail for MP, owner of Scope TV fined
The Criminal Court recently sentenced MP Nabil Al-Fadhel to one year in jail with hard labor, and fined Scope TV ...

UAE- Bank guard jailed for stealing ATM cash
A bank guard was sentenced to one year in prison by the Court of First Instance on Tuesday for stealing cash from ...

UAE- Bus driver gets one-year-jail for molesting woman passenger
A bus driver was sentenced to one year in prison on Tuesday by the Court of First Instance for molesting a woman ...

Saudi- 4 men executed for kidnapping, murder and sorcery
Four men were executed separately in the Kingdom on Tuesday for crimes including kidnapping and torture, murder and ...

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