Kumaresan Selvaraj pillai


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Tuesday, June 12, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi Tadawul index falls on low turnover
Saudi stock market's 3-day surge ended yesterday as shares of Saudi companies declined a little from earlier levels on ...

Goldman sees reasons to be bullish on oil
The overdone selloff in commodity prices, especially crude oil, has created the potential for a strong rally once ...

Saudi- Aramco, Dow petchem joint venture picks four banks for project sukuk
Sadara, the $20 billion petrochemical joint venture between Saudi Aramco and Dow Chemical picked four banks to manage ...

Euro debt crisis to dominate G20 talks
The Group of 20 economic powers will discuss measures aimed at resolving Europe's debt crisis when they meet in Mexico ...

UAE overhauls stock ownership rules
The UAE market regulator, the Securities and Commodities Authority, or SCA, has unveiled a new set of share ...

UAE- DP World unveils the first phase of upgrading Al Hamriya Traditional Port
> DP World, UAE Region, announced the completion of the first phase of the Al Hamriya port development ...

Kuwait- KSE plunges 55.66 pts to hit a four-month low
Kuwait stocks swung lower in a broad decline extending the losses to second straight session. The index slid 55.66 ...

Makkah Gate deal signed
A memorandum of understanding to complete technical and economic feasibility studies for implementing the first ...

Turkey in talks to buy Saudi oil
Turkey has begun talks with Saudi Arabia on long-term crude oil purchases, Turkish Energy Minister Taner Yildiz said ...

Saudi nonoil exports hit SR16 billion in April
The value of Saudi nonoil exports stood at SR 16.24 billion for the month of April in 2012, up SR 3.41 billion for the ...

Lower living cost boosts UAE's appeal
The UAE has become a more attractive place for residents on a global scale with the cost of living in the country ...

UAE- Sony bullish on 'year of revival'
Japanese consumer electronics giant Sony said on Tuesday that after a year of flat growth in the Middle East it is ...

Saudi- Jacobs in deal for Sadara project
Jacobs Engineering Group Inc. has been awarded an In-Kingdom engineering, procurement and construction management ...

India seeks to attract Saudi investments
India is projected to be the second fastest growing economy in the world with a growth rate of 6.9 percent, which ...

Kuwait- Samsung, Istikana team up to launch free VoD service
Samsung Gulf Electronics, a market leader in consumer electronics, partnered with Istikana to launch free Arabic ...

Standard of living is Dubai's prime charm
Secure environment and high standard of living are the top two reasons that make expatriates prefer living in ...

Jordan reaffirms open-border policy on Syrians amid rumours of deportations
Jordan on Tuesday reaffirmed that the northern borders remain "open" amid accusations of authorities turning back ...

UAE- Worker accused of bid to rape maid
A 30-year-old Indian worker stood trial in the Court of First Instance on Tuesday on the charge of trying to rape ...

UAE- 12 officers acquitted of causing death
The Dubai Court of First Instance on Tuesday sentenced five police officers, including a lieutenant-colonel, to ...

UAE- Man charged with expropriating former wife's car
A 40-year-old Emirati man allegedly expropriated a car owned by his ex-wife by forging her signature on the ...

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