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Saturday, July 14, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

China's Q2 GDP Growth Slows to 7.6 pct
-China's economy expanded 7.6 percent year-on-year in the second quarter of 2012, slowing from 8.1 percent in ...

Singapore's Economy Shrinks 1.1% in Q2
Singapore's economy shrank in the second quarter as a global slowdown undermined demand for the city-state's ...

Moody's Downgrades Italy By Two Notches
Ratings agency Moody's on Friday downgraded Italy's government bond rating from A3 to Baa2, the US-based ...

Qatar's June inflation increases to 1.6%
Official data showed that Qatar's annual inflation rose to 1.6 percent in June on higher costs of food, transport and ...

Kuwait- 22 kilos hashish found with Iraqi citizen at border exit
Customs officers at the Abdali border post recently foiled an attempt by an unidentified Iraqi man to smuggle out of ...

UK Ranked Most Energy Efficient
A report launched in Washington by the American Council for an Energy-Efficient Economy on Thursday ranked the ...

Oman's Crude Oil Production Slumps
The sultanate of Oman production of Crude oil and Condensates for June 2012 declined 4.1% to reach 27,700,176 ...

Gulf fertiliser industry to hit 7.5% annual growth
Converting sustainable development into value for Gulf fertiliser producers will be the theme of the Third Annual ...

Top firms keen on $ 4.5 billion Saudi-Bahrain rail project
A number of Saudi, Turkish, American and Italian companies have shown interest in the $ 4.5 billion Saudi-Bahrain ...

Saudi- Market cap falls to SR 1.32 trillion
.The Tadawul All-Share Index , which continued its descending travel throughout the week, ended in the red ...

Czech lower house Okays austerity measures
Czech Republic's parliamentarians approved new austerity measures, as the government is struggling to cut budget deficit to below ...

United, Boeing in $ 14.7 bn plane deal
United Airlines announced a monster order of 150 aircraft from Boeing yesterday, a deal which the planemaker said was ...

Oman: 14% Increase in Private Deposits at the Commercial Banks
The total value of private deposits at the commercial banks in the Sultanate, as of the end of May 2012 rose ...

Qatar- QA Named Best Airline in the World
Qatar Airways has once again triumphed at the annual Skytrax World Airline Awards, winning three top accolades ...

Libya attractive for foreign investors
Prime Minister Abdelrahim Al-Kib has predicted a bright future for foreign investment in Libya especially in the oil ...

UAE- Three held for selling porn CDs
The Sharjah Police on Thursday arrested three Bangladeshis for allegedly copying and selling pornographic CDs to ...

UAE- Student accused of spitting on officer
An Emirati student, who allegedly threatened to assault an on-duty police officer and verbally abused and even ...

Iraqi tomboy held in Kuwait
Personnel from the General Administration for Criminal Investigation have arrested an unidentified Iraqi tomboy for ...

Man killed after train strikes car in Central El Paso

Kuwaiti held with drugs, gun
A Kuwaiti citizen was recently arrested for possession of drugs and an unlicensed weapon. Reportedly, when the ...

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