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Friday, July 6, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

China Cuts Interest Rate to Boost Economy
The Chinese central bank has cut its benchmark interest rates for the second time in two months, in a bid to ...

Italy Government Approves Public Spending Cuts
Italian Prime Minister Mario Monti emerged early Friday from a late night marathon cabinet meeting to announce ...

Financial Minister Forecasts Japan Growth at 2% in 2012
Japanese Finance Minister John Izumi expects the world's third-largest economy to achieve growth of around 2 ...

Saudi- New laws a boon for prospective homeowners
The new mortgage and real estate financing laws, which were passed by the Cabinet last Monday, would bring about a ...

Saudi- Market cap surges to SR 1.35 trillion
.Saudi stocks spent the entire week with impressive gains. The Tadawul All-Share Index counterbalanced the lost ...

UAE- 97 ME power, water projects worth $32.7b in the works
The Middle East energy sector is witnessing a surge of fresh investment in 2012, with 97 new power and water ...

Stocks, euro slide on worries over US jobs
Stocks on major exchanges fell yesterday and the euro hit 5-week lows after US jobs data for June came in weaker than ...

GCC EOSB to hit $75b by '20
Combined liabilities faced by GCC companies towards settling end-of-service benefits, or EOSB, are set to surge ...

Samsung's 2nd Q Profits Hit Record-High
As the sales of its Galaxy smartphones are surging, South Korea's Samsung electronics recorded high operating ...

Qatar plans sukuk issue, first since 2003
Qatar, the world's largest natural liquefied gas exporter is considering issuing its first sukuks in almost ten years, as it ...

BP not invited to Abu Dhabi concession: Report
Abu Dhabi government has excluded long oil & gas-partner BP Plc from the pre-qualification bidding process to develop Abu Dhabi's ...

Saudi- Call for systematic implementation of the mortgage law in Kingdom
The passage of the mortgage law in Saudi Arabia is a much-awaited milestone for the country's real estate and housing ...

Zain KSA shareholders approve capital restructuring plan
.Zain KSA said it had received shareholders' support for its capital restructuring plans. The approval came at an ...

Dubai Duty Free H1 sales up 11%
Dubai Duty Free reported an 11 percent growth in first half sales, resulting in USD772 million revenue, Arabian Business ...

UAE- Huawei ups push into Mideast; Windows Phone soon
ICT solutions provider Huawei announced that it would be collaborating with Microsoft to make its first Windows ...

Dubai set to add a new USD32m tourism landmark
Dubai Municipality is set to construct a new tourism project known as Dubai Landmark, as the Gulf emirate seeks to strengthen its ...

Piano teacher rapes 13 yr old girl in Kuwait
Police have arrested an unidentified piano teacher for allegedly raping his 13-year-old student, reports Al-Rai ...

Son sexually abused in Kuwait
The father of a Jordanian juvenile filed a case at Khaitan police station accusing an unidentified individual of ...

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