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Sunday, July 1, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

BMW, Toyota sign deal to build sports car together
German automaker BMW AG and Japanâs Toyota Motor Corp. agreed to jointly develop a sports car, hydrogen fuel ...

Saudi- MMG signs SR 450 million loan deal with local banks
The Dammam-based Mohammad Al-Mojil Group has signed a new credit facility agreement worth SR 450 million with ...

Kuwait- KSE trades generally lackluster past week
> Kuwait Stock Exchange concluded trades in a lackluster manner in the past week. Al-Oula ...

US Recovery Sags but Does not Trigger Stimulus Spending
The optimism in the early part of the year that the US economy was rebounding has now faded due to a series ...

Kuwait- ILegacy acquires 'Bayt Al Mal'
ILegacy Global of the UAE has acquired Bayt Al Mal Investment Company of Kuwait. Last week officials of both ...

Egypt holds its breath
YOU ARE the authority, above any other authority. You are the protectors, whoever seeks protection away from you ...

UAE- Dewa to install 840km cables
The Dubai Electricity and Water Authority, or Dewa, has recently awarded contracts valued at Dh200 million to a ...

Dubai realty rebounds
Dubai's real estate market is showing robust signs of resilience with both rents and prices of quality properties ...

US worries over Ikhwan victory are misplaced
Muhammad Mursi's victory as president of Egypt poses significant challenges for President Obama, who must now balance ...

Iran defiant over EU curbs
The White House praised the European Union for prohibiting Iranian crude oil imports into the 27-nation-bloc yesterday ...

Saudi- Social Affairs Ministry gives SR 1.08 billion to beneficiaries
The Ministry of Social Affairs agency for social insurance has allocated SR 1.08 billion this year for 783,016 ...

65% Saudi workingwomen seek financial independence: Survey
Sixty-five percent of women working in Saudi Arabia say they work because they seek financial independence, according ...

IMF Approves $18.2 Million Disbursement to Afghanistan
The International Monetary Fund has approved an $18.2 million disbursement to Afghanistan under its loan ...

"Enefit" starts tendering process for Jordan oil shale fired power plant
> Enefit together with its partners, YTL Power International Berhad of Malaysia and Near East ...

German Parliament Approves Europe's Crisis Plan
The German parliament gave its overwhelming backing last night to key parts of Europe's efforts to combat the ...

Portugal's budget deficit rises in first quarter
Portugal's budget deficit rose to 7.9 per cent of gross domestic product in the first quarter, up from 7.5 ...

Saudi- Broken cables led to train accident
One of the causes of Wednesday's train accident was broken communication and control cables between Riyadh and Dammam, ...

Kuwait- Niqab-wearing lady steals phones worth KD 600
Police are looking for a woman wearing "niqab" who stole three Iphones and a Samsung Galaxy worth KD 600 from a shop ...

Kuwait- 2 youths kidnap, sexually assault Ethiopian woman
Police are looking for two youths in a Japanese model car who kidnapped and sexually assaulted a 24-year old ...

6 arrested over murder of teenager in Dubai
The Dubai Police have referred six young UAE nationals to the Public Prosecution for allegedly killing an ...

UAE- Man accused of assaulting wife
A housewife filed a lawsuit against her husband accusing him of assaulting and threatening to kill her. In her ...

UAE- Child dies after family leaves him in car for four hours
A two-year-old Emirati boy died on Saturday due to suffocation as his family forgot him in the car in front of his ...

Saudi women's participation in Olympics against cultural norms
Competition in sports usually applies a range of principles of most sciences, including biology, chemistry, physics, ...

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