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Sunday, July 29, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi King orders tough measures against commercial fraud
Custodian of the Two Holy Mosques King Abdullah has said a zero-tolerance approach will be applied to those who try to ...

Saudi- SR 30 bn consumer spending forecast this Ramadan
The volume of Saudis' consumption of consumer goods is expected to reach SR 30 billion during Ramadan, according to ...

Smartphones power recordSamsung profit of $ 5.9 bn
Samsung Electronics Co., the world's top technology firm by revenue, reported yesterday a record operating profit of ...

Apple to acquire AuthenTec in USD356m deal
US AuthenTec, said that it has agreed to be purchased by Apple in a USD356 million deal, reported Xinhua News. The mobile and ...

Saudi- Islamic capital markets to witness unprecedented growth
Saudi Arabia has proved its potential in the capital markets issuance space in 2012, with a slew of high-profile sukuk ...

Dutch Shell''s 2Q earnings drop by 25 pct
> he earnings of the Royal Dutch Shell's second quarter of 2012 amounted to USD 5,964 million, compared ...

UK- Barclays Profits Top $6.6b
British bank Barclays Plc on Friday apologized for an interest rate rigging scandal that has rocked it and the ...

Value of prime properties in Dubai climbs 2% in Q2
The value of prime residential apartments in Dubai climbed nearly two per cent in the second quarter of the year ...

Germany, France Pledge to "Do Everything" to Save Euro
Germany and France are "determined to do everything" to safeguard the euro, their leaders said Friday after ...

Saudi Tadawul rises 1.5% on petchem gains
Saudi shares close higher on Saturday, lifted by gains in the petrochemical sector after oil prices rose on Friday. ...

UAE- Food prices go up during Ramadan
The Statistics Centre-Abu Dhabi revealed on Saturday that food prices in the first week of Ramadan have ...

Saudi- Top businessman cancels deals with 20 Russian firms
Top businessman cancels deals with 20 Russian firms A Saudi businessman has suspended his present and future ...

China Begins Building First Large Luxury Cruise Liner
China has begun construction its first large luxury cruise liner, which is included in a package of projects ...

Saudi- Cash donations for Syrians amount to SR 271 million
The National Fundraising Campaign for the Syrians ordered by Custodian of the Two Holy Mosques King Abdullah ended at ...

Business at Jeddah's cafes up 40% during Ramadan
Cafes in Jeddah are doing roaring business during Ramadan, with their revenues expected to increase 40 ...

UAE- Girls' torture: Accused under psychiatric evaluation
The Court of First Instance on Wednesday adjourned the case against Emirati father H.S. and his compatriot ...

UAE- Worker jailed for cross-dressing, conducting medical procedures
A 42-year-old Filipino worker was sentenced to two years in prison by the Court of First Instance on Wednesday for ...

UAE- Love story ends up in murder
The Abu Dhabi Police have arrested an Asian worker for allegedly suffocating his mistress to death when the woman ...

Saudi Arabia- Qatif riots quelled, wanted man held
Police arrested a wanted man while controlling rioters in Qatif Thursday night. "Police put down acts of rioting ...

Baby awakes from coma after mother's hug
A newborn boy in Britain who suffered seizures due to a brain infection awoke from a coma after his mother ...

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