Kumaresan Selvaraj pillai


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Monday, July 23, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

GCC to invest $100b in five years to combat water shortage
GCC governments have earmarked more than $100 billion in their water sectors between 2011 and 2016 to improve ...

UAE- Tejari transactions to hit $3b
Tejari expects its transaction value will jump by more than 10 times to $3 billion in 2012 as the company has got ...

UAE- Mashreq profit rises 7.2%
A leading UAE-based bank Mashreq, on Sunday reported a 7.2 per cent rise in net profit to Dh591 million for the ...

UAE's largest cable-stay bridge completed
The Tourism Development and Investment Company , the master developer of tourism, cultural and residential ...

Saudi remains key center for IPOs
The second quarter of this year saw the GCC financial markets put up a show of considerable resilience in the face of ...

Investors await Apple, Facebook earnings
The trend of better-than-expected earnings will be put to the test this week when investors hope Apple can exceed ...

Obama turns heat on India
Pressure is mounting on the Indian government to move fast and decisively on economy. Time recently labelled the ...

Siemens gets power plant contract in US
Siemens has been awarded an order for the turnkey supply of the Panda Temple Power Project in Temple, Texas. The ...

Saudi- Oil price rebound lifts Tadawul
The Saudi stock market extended gains for the third consecutive day yesterday. Petrochemical stocks continue to ...

Jordan demands Israeli compensation for Jordan Valley fire
Jordan has demanded that Israel compensate its farmers for losses incurred in a fire that started in Israel and ...

Pakistan Urges Citizens Not To Travel To Syria
Pakistan has urged its citizens not to travel to Syria due to the deteriorating security situation there. ...

Kuwait- NBK posts $ 431.2 m net profit
National Bank of Kuwait , claimed to be the largest Kuwaiti bank and the highest-rated in the Middle East, ...

Saudi- Grand Mosque can now hold anadditional 200,000 worshippers
Sheikh Abdul Rahman Al-Sudais, head of the Presidency for the Two Holy Mosques, said the capacity of the Grand Mosque ...

Assad, his military and supporters on the run
The Russian ambassador's recent statement in Paris deserves only derision. He said Bashar Assad is ready to step ...

Saudi- Indian expat sends daughter away as she can't go to school in Kingdom
An Indian national who has been held against his will by his sponsor in the Kingdom for the past 12 years was finally ...

Saudi- Jailed for facilitating porn site access
The criminal court in Jeddah sentenced a foreign national to jail term and flogging for making arrangements for young ...

Kuwait- Egyptian manager of large firm held in drug trafficking
Personnel from the General Department for Drug Control have arrested an Egyptian manager of one of the largest ...

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