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Wednesday, July 4, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Expat woes: When banks freeze accounts on iqama expiration
When an expatriate's residency permit is about to expire, the bank they are dealing with starts to send ...

'Mistakes' knocked shine off Barclays: Diamond
Former Barclays chief executive Bob Diamond criticized "reprehensible" behavior over a rate-fixing scandal yesterday ...

Europe crisis an opportune time for GCC to develop its economy
Last week, the German Parliament approved the adoption of fiscal and ESM treaty hoping to overcome the current ...

Saudi- Sony unveils summer 2012 lineup of VAIO Notebooks
Modern Electronics Company Ltd., a subsidiary of Al Faisaliah Group Holding Co., the exclusive distributor of Sony's ...

Saudi- SR 579 million projects planned for Jubail Industrial City
The Royal Commission for Jubail and Yanbu has signed Four contracts worth more than SR 579 million to implement a ...

UAE- Etisalat launches rollover minutes
Etisalat is the first in the UAE as it launches rollover minutes, an exciting new offering that allows its ...

Saudi- GE focus on localization pays rich dividends
The state-of-the-art GE Energy Manufacturing Technology Center in Dammam achieved a number of successes in the first ...

Saudi- Mortgage law to spur real estate finance sector
Saudi stock market hit a five-week high yesterday after the government approved a long-awaited mortgage law. The ...

Oman to fill 2012 budget gap on higher-than-expected oil prices
Oman Finance Ministry expected oil prices to fill the Sultanate's USD3.1 billion budget gap this year, Reuters reported. A ...

Mobile Broadband spectrum expansion vital for Saudi Arabia
The GSMA has announced that greater allocation of spectrum for Mobile Broadband is vital for the economic and social ...

Saudi Tadawul falls in low trading
The Tadawul All-Share Index fell 0.73 percent yesterday. The index slipped in the negative territory earlier ...

Arafat's body may be exhumed for tests
Yasser Arafat's body may be exhumed to allow for more testing of the causes of his death, the Palestinian president ...

Yemen- Sanaa police chief escapes assassination
A Yemeni police chief in the capital narrowly escaped an assassination attempt yesterday as explosives planted in his ...

Iran warns US again in war of nerves
Iran has threatened to destroy US military bases across the Middle East and target Israel within minutes of being ...

The rise of the Muslim Brotherhood changes the region
The Muslim Brotherhood groups are making steady progress; the election results show it is the people's choice. ...

Egyptian women, once pillars of protests, continue the struggle
One of the iconic images of Egypt's revolution was that of men and women standing together, united for positive ...

Stealing from police in Kuwait
Police are looking for two unidentified persons for attempting to steal a car which had been impounded by police and ...

BMW to recall around 3k vehicles in China
China's General Administration of Quality Supervision, Inspection and Quarantine stated that around 3,000 BMWs will be recalled in ...

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