MENAFN Summary- Daily Business News

Saudi Arabia- Market cap surges to SR 1.33 trillion After two consecutive weeks of trading in the red, the Saudi stock market rebounded last week, recovering a few points ... The first Saudi food bank The community in Alkhobar has grown accustomed to arranging the most extravagant feasts during Ramadan to celebrate ... Bahrain Telecom reports USD49m profit in Q2 Bahrain Telecommunications Co reported a 13 percent decline in quarterly profits on stiff competition and slower economy ... Olympics to impact ME businesses The 2012 London Summer Olympics, which began yesterday, will have a major impact on businesses in the Middle East ... LME will be the same despite change in ownership There was, in the end, no last-minute, knife-edge drama. The vote by the shareholders of the London Metal Exchange ... US Donegal Group posts USD2m profit in Q2 Pennsylvania-based insurance holding company Donegal Group Inc. reported USD2 million net profit during the second quarter, up ... Merck & Co. reports USD1.79b profit in Q2 New Jersey-based drug Maker Merck & Co. reported 11.4 percent decline in quarterly profits over unfavorable currency rates and ... US Monotype Imaging reports USD7.4m profit in Q2 Massachusetts-based Monotype Imaging Holdings Inc reported 32 percent soar in its quarterly profits on higher sales to computer ... Belo Corp. reports USD26m profit in Q2 Texas-based Television station owner Belo Corp. reported 43 percent increase in quarterly profits, on higher political advertising ... Grupo Mexico reports USD626m Grupo Mexico said its profits for the second quarter of 2012 fell to USD626 million from USD641 million in the same period a year ... Alliant closing Cassville coal plant BRIEF: Kansas City Life reports lower profits, higher revenue BRIEF: Huntington Ingalls gets $1.5B contract for Navy ship Wisconsin Power & Light unveils $1.4 billion plan to clean up energy production Abu Dhabi draws Saudi tourists Tourists from Saudi Arabia were the sixth largest group of foreigners to visit Abu Dhabi, the capital of the United ... Saudi- Early legal action againstAl-Ali's killers expected Early legal action will be taken against the four alleged killers apprehended last week for the slaying of Saudi ... Saudi Arabia- Overwhelming response for Syria funds campaign More funds were flowing in from enthusiastic donors last night to strengthen the Kingdom's fund-raising campaign for ...       If you like this newsletter, help us fix your information: click here To unsubscribe click here, for help or feedback send to Admin Is this email going to your junk/bulk folder? Add noreply@menafn.com to your address book and *@menafn.com  to your safe list.   Articles in this newsletter are different than the ones in MENAFN's Arabic Daily Newsletter.