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Monday, July 9, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Zain KSA's rights issue kicks off
Saudi Fransi Capital announced the start of the subscription period for Zain KSA's SR 6.0 billion rights issue that ...

Saudi- ACWA Power acquires 42% stake in Bulgarian PV Solar Plant
ACWA Power International , a Saudi water and power developer, owner and operator, said yesterday it ...

Kuwait- KSE sheds 29.52 points on political stalemate
Kuwait stocks fall sharply as bank stocks dip tailing a political stalemate that deters investor outlook, losing ...

Dreamliner debut at Farnborough a milestone for Qatar Airways
Qatar Airways yesterday unveiled its new Boeing 787 Dreamliner at the world's largest aerospace event, Farnborough ...

Saudi's economy healthy enough to sustain low oil prices
Saudi Arabia's oil revenues are expected to drop this year. Brent price is likely to reach $100/barrel in 2012 and ...

After Zawya, Thomson Reuters takes over FXall for USD625m
Thomson Reuters Corporation agreed to acquire FX Alliance , which runs a forex trading portal, in a USD625 million deal, ...

Saudi- Air carrier license: 7 firms to present offers
Seven Saudi and foreign companies have qualified for the right to present their offers to secure a license to operate ...

USD37b from euro zone to bail out Spain's tumbling banks
Euro group President, Jean-Claude Juncker, announced that by the end of July, the euro zone will provide Spain with a first ...

Oil prices rise ahead of Norway lockout
World oil prices advanced yesterday, rebounding from recent losses ahead of a looming lockout of Norwegian ...

Hong Kong-based fund acquires Jordan Dubai Capital
A Hong Kong-based investment fund on Sunday announced it has acquired Jordan Dubai Capital for JD92 ...

Saudi Tadawul dips 1.4% on profit worries
Saudi Arabia's stock index made its largest drop in two weeks yesterday on concern that biggest listed companies may ...

Qatar's proposed sukuk wins AA rating from S&P
Qatar's proposed US dollar Sukuk Trust Certificates won the 'AA' rating from Standard & Poor's Ratings Services, Reuters ...

Saudi- BSF posts SR 1.55 bn net income
Banque Saudi Fransi's net income during the first semester of 2012 amounted to SR 1.55 billion, an increase of ...

BMW plans USD387m UK investment
BMW stated that it plans to invest USD387 million in its UK factories to increase output of mini vehicles in the country, reported ...

Issuing of Travel ban begins against defaulters in Kuwait
The Criminal Implementation and International Cooperation Prosecution chaired by Mohammed Rashid Al-Duaij will begin ...

Annan's attack on GCC and his defense of Russia
WHEN Kofi Annan was appointed as a special UN envoy to Syria, I had hastened to warn about him. I claimed that Annan ...

Asian walking naked in Kuwait
Police have arrested an Asian man and referred him to the Psychiatric Hospital, reports Al-Shahed daily. The ...

Kuwait- 'Missing' woman found drunk with lover in car
Police have arrested a Kuwaiti youth and an Arab woman for consuming alcohol, reports Al-Rai daily. According to ...

Kuwait- Police hunt for man, woman as dead newborn dumped in carton
Police are looking for an unidentified 28-year-old Kuwaiti woman and a 32-year-old male compatriot for indulging in ...

Jordan- Two arrested in nightclub musician's murder
Police on Sunday announced the arrest of two people in connection with the shooting death of a guitarist who worked ...

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