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Tuesday, July 10, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Fitch Ratings retains US credit rating at AAA, negative outlook
The US kept its AAA credit rating at Fitch Ratings, but could not advance from its negative outlook, as the Congress and the Obama ...

UAE- Emaar chooses 7 regional, int'l banks for possible sukuk issue
Emaar Properties has selected 7 regional and international banks for a potential sukuk issue, reported Emirates 24/7. The UAE ...

Saudi- Alinma Bank net profit rises to SR 179 m in Q2
Alinma Bank has announced the achievement of a net profit of SR 179 million during the second quarter of the current ...

Saudi inflation eases to 4.9% in June
Saudi Arabia's annual inflation eased to 4.9 percent in June, its lowest level since September 2011, despite a big ...

Euro zone April jobless rate at 11%
The International Labor Organization stated that jobless rate in the euro zone reached 11 percent in April, with southern ...

Kuwait- ALAFCO to buy 20 Boeing 737 MAX 8s worth $1.9b
Kuwait based airplane leasing company ALAFCO and Boeing today announced initial commitment at the 2012 Farnborough ...

Saudi- SABB profit up 10.4% to SR 1.77 bn
The Saudi British Bank recorded a net profit of SR 1.77 billion for the six months ended June 30, 2012. This is ...

UK's trade deficit shrinks to USD4.18b in May
Britain's Office for National Statistics stated that the country's trade shortfall declined in May to USD4.18 billion due to ...

Egypt's president to advance strategic ties in Saudi talks
Egyptian President Muhammad Mursi will arrive in the Kingdom today on his first official visit abroad since he was ...

Saudi- Water projects worth SR 4 bn planned
The National Water Company is implementing a number of new projects worth SR 4 billion in Jeddah's historical region ...

Wikipedia protests over Internet censorship in Russia
The Russian version of online encyclopedia Wikipedia closed its site yesterday in a one-day protest against what it ...

Saudi source- Technical reasons behind train crash
Allegations that railway track theft was responsible for the derailment of the Dammam-Riyadh passenger train on 27 ...

Saudi- Closure of 2 major intersections puts pedestrians at a crossroads
The intersections of Al-Andalus Road with Al-Hamra Street and Al-Andalus Road with Palestine Street were closed to ...

Saudi- Haia, patrol police blamed for car chase death in Baha
Police officers and officials from the Commission for the Promotion of Virtue and Prevention of Vice were ...

4 Moroccan and a Filipino held for practicing sorcery in Kuwait
Securitymen from the Criminal Investigation Department have arrested five women - four Moroccan and a Filipino - for ...

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