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Tuesday, July 3, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Retirement age may be raised to 65
The Saudi Public Retirement Fund is considering raising the retirement age for government employees from the ...

Price jump does not mark shift in oil fundamentals
If anyone still doubted that the positions held by major market players as well as fundamentals are a powerful driver ...

Qatar Airways keen to launch domestic airline in Saudi Arabia
Qatar Airways has expressed interest in launching an airline registered in Saudi Arabia. According to an official ...

UAE credit expansion, deposits up
UAE banks sanctioned slightly more loans and advances to credit-hungry customers in the first five months of the ...

Saudi- Construction boom fails to contain exorbitant hikes in house rents
Housing rent is soaring in Jeddah and Makkah despite a big boom in the construction industry. It is estimated more ...

Australia posts 0.5% rise in May's retail turnover
The Australian Bureau of Statistics stated that the country's retail turnover in May went up 0.5 percent, compared with a ...

UAE- Injazat, ADFCA ink IT deal
Injazat Data Systems has signed a two-year IT support services contract with the Abu Dhabi Food Control Authority, ...

Abu Dhabi's hydrocarbon investments now at $40b
Abu Dhabi is spending $40 billion on creating new infrastructure to boost oil and gas output, aside from building ...

Google to close five services
US search giant Google stated that it will close five of its services as they are not vital to the company's business, including ...

UAE- Schneider unveils new generation industrial PC
Schneider Electric, a global specialist in energy management, yesterday launched the Magelis Panel PC, the latest ...

Saudi- Labor Ministry eyes changes in Saudization strategy
Deputy Labor Minister Mufrij Al-Haqabani unveiled his ministry's plans to change the Saudization strategy to attract ...

Saudi- User's ID number now required to recharge prepaid mobile phones
The Saudi Communications and Information Technology Commission has announced that entering a user's ID number, ...

Is this the time of the Islamists?
In some GCC countries and many other Arab states where Islamists are endeavoring to play a bigger political role, you ...

Palestine- Arafat poisoned by polonium
Yasser Arafat, who died in 2004, was poisoned by polonium, according to the findings of laboratory research carried ...

Saudis visiting UK told to be cautious
Saudis traveling to the UK must be extra cautious, especially when they visit public places and stay in hotels. They ...

Black magician arrested in Ajman
A 52-year-old Asian who allegedly conned people promising to solve their marital and psychological problems with ...

UAE- Under the knife 20 times to look pretty
Determined to hold back the years and appear beautiful always, 46-year old Gail Clough has had Dh345,338 worth of ...

Jordan- Haunted by heroin, an addict seeks treatment for the sake of his daughter
"It is not easy to see my daughter growing up, seeing her father addicted to heroin," said Murad

UAE- 'Powerless' residents still in dark
Their lives turned upside down on June 16 and things have not gotten any better for residents of the Corniche Al ...

Kuwait- 3 tomboys & a transvestite caught for harassing girls
Police have arrested three tomboys and a transvestite for harassing young girls inside a commercial complex in ...

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