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Monday, July 2, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Egypt- Mursi defies being pigeonholed
When it comes to judging Egypt's recently sworn-in new leader Muhammad Mursi, we should avoid attaching labels or ...

Saudi- Ramadan starts on July 20, says senior scholar
The month of fasting this year will begin on July 20 and the celebration of Eid Al-Fitr will be on Aug. 19, according ...

Saudi- New mortgage law to help citizens afford houses
The Council of Ministers, chaired by Custodian of the Two Holy Mosques King Abdullah, enacted on Monday a law that ...

Emirates strengthens commercial operations team
Emirates has announced a number of management changes to its commercial operations department, helping the airline to ...

UAE- Du offers new data bundles
With five exciting new data bundles from du, accessing internet on the go has never been easier! Whether you use a ...

Kuwait benchmark climbs 24.06 pts in volatile trade
Kuwait stocks covered more ground Monday after staging a robust rebound in the previous session. The index ...

US manufacturing contracts in June
The US Institute of Supply Management manufacturing index shrank to 49.7 percent in June, down from 53.5 percent in the ...

Saudi- Motiva shutdown may call for Aramco FDI review
By 2005, Saudi Aramco had concluded that oil refining should go side by side with petrochemical production to ...

Egypt Signs Financing Agreement with Islamic Development Bank
Egypt has signed an agreement with the Islamic Development Bank for $1 billion in funding for energy and ...

Riyad Bank Distributes SR 975 Million Profits For 1st Half-2012
The Board of Directors of Riyad Bank has decided to distribute profits amounting to SR 975 million to ...

Qatar Airways to Unveil New Boeing 787 Dreamliner
Qatar Airways will unveil its new Boeing 787 Dreamliner for the first time at the world s largest aerospace ...

Japan reactivates nuclear reactor first in 15 months
> Japan reactivated a reactor at a nuclear power station in Fukui Prefecture, western Japan on Sunday, ...

Jordan- 'Gov't reduces tax on small-engine hybrids'
The Cabinet has decided to reduce the tax on small-engine hybrid cars from 55 per cent to 25 per cent and to place ...

'Kuwait to pay Jordan $1.25b in two months'
Kuwait is expected to pay its $1.25 billion contribution to the Gulf fund to Jordan within two months, Finance ...

Motorola ATRIX 2 aims to capture Saudi youth's imagination
With several long hot months of summer ahead, Saudi Arabia's youth are set to turn to their smart phones to stay cool, ...

Jordan- 'Taxi fares to remain unchanged despite rise in fuel prices'
The Land Transport Regulatory Commission on Sunday said it would not increase taxi or service taxi fares to ...

Jordan- Traffic Department anticipates 'worst summer ever'
Traffic this summer is expected to be the worst in the capital's history due to an unprecedented number of visitors ...

Kuwait- 2nd rape in two days by youths, this time Eritrean woman
For the second time in two days, two youngsters reportedly kidnapped and raped an Eritrean woman, reports Al-Shahed ...

Filipina beats Kuwaiti husband with help of two men
Police are looking for a Filipino woman for assaulting her Kuwaiti husband with the help of two well-built young men ...

Jordan- Dahabi (received money) from Iraqi businessmen
Mohammad Dahabi, during his term as General Intelligence Department chief, received cash from Iraqi ...

Man protecting wife beaten in Kuwait
Police are looking for two youths for harassing an unidentified woman and assaulting her husband, reports Al-Rai ...

Asian held selling porn in Kuwait
The Andalus policemen have arrested two Asians for selling porn CDs, reports Al-Rai daily. According to security ...

Saudi- Alleged alcohol content in cola drinks probed
Sheikh Mohammed Al-Nujaimi, member of the International Islamic Fiqh Academy in Jeddah, has said that during the next ...

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