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Tuesday, June 26, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

An Islamist president
Not surprisingly, the Muslim Brotherhood's candidate for the Egyptian presidential election has made it. Those who ...

GCC petrochem production capacity hits 116 m tons
Petrochemical firms in the Gulf Cooperation Council region increased their total production capacity to more ...

RIM mulls splitting businesses - report
Research in Motion is considering eparating its handset manufacturing ...

High oil income raises automotive sector hopes
The National Commercial Bank report titled "Automotive Sector to Resume Expansion in the Medium Term" discusses ...

OPEC prices drop to USD 88.74
> OPEC's daily basket price dropped to USD 89.74 a barrel Friday compared with USD 89.48 the previous ...

Qatar seeks USD 5 bln quota to invest in China''s capital market
> Qatar's sovereign wealth fund is applying for the status of Qualified Foreign Institutional Investor ...

Kuwait Loans Jordan $50 Million
Jordan's Ministry of Planning and International Cooperation and the Kuwait Fund for Arab Economic Development ...

Qatar- Qtel, Lusail Real Estate Development Company Sign Major Agreement
Qtel and Lusail Real Estate Development Company have signed a major agreement which will see Qtel deliver ...

Finance minister puts Jordan's tax evasion at JD800 million
Finance Minister Suleiman Hafez estimated tax evasion in Jordan at JD800 million. "There should be an end to ...

Nestlé's Dh500m UAE unit soon
Nestlé is planning to build a manufacturing facility at Dubai World Central and has earmarked an initial ...

UK tops list of big spenders in UAE
Latest research from payment solutions provider Visa has revealed that the United Kingdom retained its position as ...

EIA says global liquid fuel demand set to rise
Demand for world liquid fuels is set to rise with the world becoming more reliant on OPEC oil, ...

Aggregate 1Q 2012 net profit of GCC listed corporate increased 12.9 percent
> First quarter of 2012, three months ending in March, witnessed an increase of profitability of GCC ...

Saudi Tadawul index rebounds
After three consecutive days of trading in the red, the Saudi stock market rebounded yesterday, recovering a few ...

Kuwait bourse declines 42.96 pts in volatile trade
Kuwait stocks retreated Monday extending the decline to fifth straight session. The index slid 42.96 points to ...

US- New terminal aims to tap more traffic
With the arrival of an overnight flight from London this week, Las Vegas will mark the opening of a $2.4 billion ...

Saudi- Promoting leisure, health travel can help diversify tourism: Experts
As the contribution of tourism sector in the Saudi GDP is seven percent, considered too low, businessmen have called ...

Kuwait Airways cabin crew girls found drunk with duo late at night
Police have arrested two men - a Kuwaiti and an Egyptian - and three Indonesian female cabin crew members working for ...

UAE- Man gets 7 years in jail for sexual abuse
The RAK Criminal Court of First Instance has sentenced an Arab resident to seven years in jail for sexually ...

Assad's growing desperation
WHILE EGYPTIANS celebrate, Syria continues to crash and burn. And not only has Assad's regime stepped up its ...

Jordan- Two teenagers confess to murder of taxi driver
Police on Monday said they were questioning two men who reportedly confessed to murdering a taxi driver last ...

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