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Saturday, June 30, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Morsi presidency spells 'new dawn' in Jordan-Islamist relations
As Mohamed Morsi was sworn in as the first democratically elected Egyptian president on Saturday, the proceedings ...

High prices result in soaring oil reserves
For all that Malthusians worry about oil running out, and analysts cite the rising costs of exploration and ...

Saudi- SFD to finance nonoil exports to Turkey
The Saudi Fund for Development has agreed to provide credit facilities worth $210 million to ...

UAE- Dh12b terminal set for takeoff
With the new Dh12 billion Emirates airline terminal set to open in January, His Highness Shaikh Mohammed bin ...

UAE- Islamic finance industry is fastest growing sector
Islamic finance industry will continue to grow much faster than conventional banking in the Middle East and also ...

Bahrain- Merger of 3 Islamic lenders gets approval
Shareholders of Bahrain's Capivest, Elaf Bank and Capital Management House approved a merger of the three Islamic ...

Saudi sets SR 20 billion water projects
The Saudi government has undertaken SR 20 billion worth of water projects as part of its ambitious plan to ensure a ...

Saudi- Company sacks pregnant workers
A private company in Riyadh sacked five Saudi women after they got pregnant. The reasons given in the dismissal ...

Madinah airport expansion deals signed
Prince Fahd bin Abdullah, president of General Authority of Civil Aviation , yesterday signed key documents for ...

Europe steps forward; but will populace follow?
Markets applauded Europe's steps to move toward a closer union - but it's not clear European voters are going to play ...

Saudi Tadawul rallies on European deal
After global stocks rallied on the last day of the week on Friday, the Saudi stock market jumped nearly two percent ...

Saudi- 11,666 housing loans worth SR 5.83 billion cleared
The Real Estate Development Fund has approved 11,666 housing loans worth SR 5.83 billion to construct 14,000 ...

Transport: UAE pips US
The UAE has been ranked first regionally and 11th globally in terms of the availability and quality of transport ...

Jordan- XPress Telecom lawsuit to proceed
The government will proceed with a lawsuit against XPress Telecommunications until its outstanding debts are paid, ...

Abu Dhabi hotel guests climb 12%
The number of guests at Abu Dhabi hotels, hotel apartments and resorts grew 12 per cent to 192,374 in May, ...

It's all made in the UAE
ROSSO VIVO, a two-month-old artisanal pizzeria in Dubai, has the city's Italian community talking. A tough crowd ...

Jordan 'tightening borders' amid Syria spillover fears
Jordan has tightened entry restrictions along its northern borders, security officials say, amid concerns that the ...

Kuwait- 'Tribal, sectarian links tied to lack of real democracy'
The people of Kuwait have favored tribal, sectarian or political links due to the absence of a real democracy in the ...

Jordan- Wife, 'lover' arrested in murder of Pakistani national
Authorities on Saturday said a man and a woman had been charged with premeditated murder in connection with the ...

Geneva deal paves way for post-Assad Syria
GENEVA/BEIRUT: World powers agreed a Syria transition plan yesterday with a unity government to include members of the ...

Saudi- Brace yourself for 50 C in Ramadan
The Presidency of Meteorology and Environment has predicted that temperature during Ramadan in Makkah, Madinah ...

All roads lead to Kiev
SUNDAY EVENING'S showpiece final sees the culmination of 19 Euro 2012 nights as 16 international sides have been ...

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