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Saturday, June 16, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Stocks fluctuate in a wide range
Saudi stocks appeared to be a little volatile yesterday as trading range of Tadawul index expanded over 250 ...

Natural gas consumption growth below average
World primary energy consumption grew by 2.5 percent in 2011, roughly in line with the 10-year average. All of the net ...

Post-election euro rise would bring out sellers
Any euro bounce against the dollar exchange rate in the wake of today's Greek election might be limited with investors ...

Jordan- State budget to consume 50 per cent of foreign aid
Half of the $2.5 billion in foreign assistance expected this year in the form of grants and soft loans will support ...

Euro zone posts trade surplus of USD6.5b in April
The European Union's statistics bureau Eurostat announced that in April, trade surplus of the euro zone fell to USD6.5 ...

Delta heats up competition for New York flyers
Delta Air Lines Inc. kicked off a sale on Memorial Day weekend that offered flyers one-way fares from New York's ...

Qatar- China acts to reverse economic slowdown
Recent production indicators in China have indicated further slowing in its economic growth. These negative signals ...

European debt crisis may have passed the point of no return
Another quarter and another European bailout. Spain last week became the fourth euro zone economy after Greece, ...

Jordan King- Reforms will take Jordan to a new level
Jordan is considering the possibility of benefiting from British expertise to develop institutions concerned with ...

Jordan- Power grid registers record-high load of 2,490MW
The power grid on Saturday registered a record-high load of 2,490 megawatts since the beginning of the hot ...

Jordan in talks with IMF for USD1.4b loan
Jordanian government entered in talks with the International Monetary Fund over USD1.4 billion loan, Reuters reported. Finance ...

How Europe could cost Obama the election
COULD EUROPE cost Barack Obama the presidency? At first sight, that seems like a crazy question. Isn't ...

Jordan- Economy showing signs of recovery after austerity package
The government on Saturday said that the economy has started showing signs of recovery, thanks to a series of ...

Jordan- New investment law to cut red tape
The Ministry of Industry and Trade will in two weeks present the Cabinet with a new version of the Investment ...

UAE- Prohibition on trucks during peak hours
The Sharjah Police have launched a campaign to prevent trucks from operating during peak hours in certain ...

UAE- Cop gets 10-year jail term for possessing drugs
The Court of First Instance here on Thursday sentenced a policeman to 10 years in prison for possessing heroin and ...

UAE- Human trafficking ring busted
The Dubai Police recently busted a European human trafficking ring with the arrest of four women who allegedly ...

Upset in Egypt
THERE IS a political coup d'état in Egypt. With the army apparently pulling strings, the judiciary has shown its ...

Newborn baby girl found dead in Sharjah
The body of a newborn baby girl was found in a plastic bag near a garbage bin in Al Sajjah area of Sharjah. The ...

UAE- Guard jailed for groping woman who sought help
A guard was sentenced to six months in jail by the Court of First Instance on Thursday for molesting a woman by ...

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