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Saturday, July 7, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Egypt's Mursi to Saudi Arabia on first trip as president
President Muhammad Mursi will visit Saudi Arabia on Wednesday, his first foreign visit as Egypt's head of state, Saudi ...

US needs to do more than just reclaim jobs: Obama
US President Barack Obama said Saturday the United States needed to do more than just reclaim jobs lost to the ...

Facebook, Yahoo! settled patent suits

Saudi- BRJ creates thousands more job opportunities
Bab Rizq Jameel , an initiative of ALJ Community Initiatives, created 30,444 job opportunities during the first ...

GCC share of global oil reserves likely to rise to 70%
Share of the Gulf Cooperation Council countries to the world oil reserves is predicted to rise from the current ...

Saudi Tadawul up after early decline
The Tadawul All-Share Index dived in the south earlier yesterday, trading in the downward territory for most of ...

Russia Will Not Support Stock Exchange If Crisis Strikes
The Russian Finance Minister Anton Siluanov said today that Russia will not support the stock market or ...

Oil wealth fueling outward FDI from GCC countries
Foreign direct investment to the Gulf dropped by 35 percent in 2011, says a new report from UN Conference on ...

Saudi Almarai reports USD101m profit in Q2
Saudi food producer Almarai Co reported an 8.7 percent increase in quarterly profits from a year earlier on higher sales, Reuters ...

Saudi- AWAL inks cooperation agreement with DSCA
AWAL IT Services, an IT service provider, recently signed a cooperation agreement with Down Syndrome Charitable ...

Qatar Airways launches Twitter race worldwide
Qatar Airways has launched a Twitter-powered global race designed to connect people from around the world. A world ...

Real estate index reflects volatility across Saudi cities
The real estate index in cities such as Makkah, Madinah, Buraidah, Jubail and Hafr Al-Baten registered a drop while ...

US jobless rate unchanged, at 8.2% in June
The US Labor Department announced that the country's jobless rate in June remained at 8.2 percent, with the government sector ...

Saudi- Central Haram area to be tripled
Islam's two holy mosques are witnessing the largest ever expansion in their history. After launching the massive ...

Kuwait- KSE market capitalization up by 0.09% during week
Kuwait Stock Exchange ended last week in the green zone. The price index ended last week with an increase ...

France trade gap shrinks to USD6.53b in May
France's customs services revealed that the country's trade gap shrank by USD618.95 million in May to USD6.53 billion, reported ...

UAE- Unauthorised copies of Holy Quran seized
Dr Mohammed Mattar Al Kaabi, Director-General of the General Authority of Islamic Affairs and Endowments , ...

UAE- Two companies fined for 'hiking' prices during sale
The Ministry of Economy has fined two trading firms, one operating in Dubai and the other in Ras Al Khaimah, after ...

UAE- Woman accused of forging divorce status declaration
An Emirati woman has been referred to the criminal court by the public prosecution allegedly for forging an ...

UAE- Driver fleeing with €1 million given by boss caught
The Dubai Police have recovered €1 million from a Pakistani driver who was allegedly trying to flee the country ...

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