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Wednesday, July 25, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Jordan- Power turned off at Water Ministry headquarters over unpaid bills
The Ministry of Water and Irrigation's headquarters in Shmeisani went dark on Tuesday when the power company cut ...

Apple reports USD8.8b profit in Q3
Smartphone maker giant Apple Inc reported 21 percent increase in quarterly profits on higher sales, CNBC reported. The company ...

UAE- NBAD profit climbs 6.9%
First-half profit at the National Bank of Abu Dhabi, or NBAD, climbed by 6.9 per cent year-on-year to Dh2.087 ...

Saudi- SR 1.07 bn paid to social security beneficiaries
The Ministry of Social Affairs paid SR 1.07 billion to social security beneficiaries earlier this month, the Saudi ...

Saudi- Ministry clarifies decree on minimum wage
The royal decree that fixed minimum monthly salaries for Saudis at SR 3,000 was applied only to government departments ...

Chrysler wants back $2.5M deposit

Jordan Government fighting misuse of subsidies
Industry and Trade Minister Shabib Ammari on Tuesday said the government was working to fight misuse of subsidies ...

UAE leads online job opportunities in ME
The UAE leads in the Middle East for online job opportunities as the country registered a robust annual growth of ...

UAE- Abraaj completes Aureos acquisition
Abraaj Capital, the Middle East's largest private equity firm, on Tuesday announced the completion of its ...

Saudi- Family businesses contribute 25% of GDP
Family businesses are the backbone of the Kingdom's economy contributing SR 350 billion or 25 percent of its gross ...

UAE tops ME in electronic security
The UAE has been ranked first in the region and fourth in the world in the field of advanced electronic security, ...

Saudi- National telethon raises millions for Syrians
Millions of riyals have so far been collected in the national fundraising campaign for Syrians launched by Custodian ...

UAE- ADCB's total operating income rises 24% in Q2
Abu Dhabi Commercial Bank or ADCB's net profits fell 45 per cent year-on-year to Dh733 million in the second ...

Saudi- Tadawul rises on low volume
Saudi Stocks showed narrow fluctuations yesterday, as Tadawul index traded in the range of 44 points on relatively low ...

A new Arab order in the making
REGARDLESS of how they will end, the latest decisions by the Arab League Ministerial Council meeting in Doha last ...

Assad should quit to preempt foreign armies marching in
BASHAR Assad has crossed too many red lines to be part of any transition to democracy. The once reformist eye ...

Fired obese worker will get $55,000

UAE- Student gets life-term for assaulting schoolboy
A 20-year-old Emirati student was sentenced to life in prison on Tuesday by the Court of First Instance for ...

Mass murder at midnight
IN THE felicitously named Coloradan township of Aurora late last week, 12 American citizens, ranging in age from ...

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