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Saturday, June 23, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Qatar- LNG grows in importance in global energy sector
Analysis of the energy sector by QNB Group shows that global energy consumption grew by 2.5 percent in 2011, ...

Saudi- Record water pumping to end shortage
People across Saudi Arabia will not face any water shortage this summer as the Saline Water Conversion Corporation has ...

Dollar to stay on upward trajectory vs yen
Traders who have missed the chance to get long of dollars against the Japanese yen might consider buying dips, as the ...

Toyota to produce Yaris for North America from France
Japanese automaker Toyota Motor Corp unveiled plans to move its Yaris compact car production for North America to France from ...

Jordan- 3G services, social networks driving boom in online video
As Third Generation mobile Internet services become more widespread and as more Jordanians access the Internet ...

Wheat set to regain crop market limelight
Corn has been hogging most of the headlines and trader attention in recent weeks as dry fields across key US farmland ...

A new oil market downturn?
Is the oil market heading toward another cycle of uncertainty, but on the downturn side this time? The initial signals ...

Saudi- 7,000 visitors mark opening day of Aramco's summer extravaganza
The 27-day 12th Aramco Summer Cultural Program kicked off opening day Thursday at the Saudi Aramco Recreational Center ...

UAE- Empower launches flagship centre
Empower announced that it has inaugurated its advanced flagship Customer Service Centre at Jumeirah Beach ...

UAE- Shurooq woos HK, China investors
The Sharjah Investment and Development Authority, or Shurooq, highlighted business potential and investment ...

Eco-friendly air conditioning gaining ground in GCC
Evaporative air conditioning of outdoor environment is the new trend in the Gulf and its demand is fast rising ...

IKEA plans to invest USD1.88b in India's retail market
Swedish IKEA Group announced that it would spend up to USD1.88 billion to establish a 100 percent Indian subsidiary, reported ...

Tough choices for airlines
The international Air Transport Association, or Iata, has forecast turbulent days ahead for the aviation sector in ...

UAE- RAK, Khor Fakkan USD118m road contracts awarded
The Follow up Committee of Initiatives of the UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has awarded two road ...

GCC-UK Strategic Dialogue takes off
I write this week from London, where GCC-UK Strategic Dialogue meetings were concluded with a meeting on Thursday ...

President in Egypt with lesser power
I have been trying to understand the details of the current dispute over the presidential powers in Egypt. It ...

UAE- Man hurt badly as car hits camel
A 48-year-old Emirati man suffered serious injuries after his car rammed a camel that was crossing the Shaikh ...

UAE- Theft from charity box: One held
The Dubai Police have arrested a UAE national for alleged theft of money from a charity donation box. Major ...

UAE- Iraqi woman falls to death from 17th floor
An Iraqi woman in her fifties, a mother of three, fell to death on Friday evening from the 17th floor of Al Magaz ...

Massacre haunts Syrian town
THE main street of this once-bustling Syrian farm town now stands eerily quiet, its shops charred black from arson, ...

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