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Tuesday, July 31, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- Nakheel H1 profit surges 37%
Nakheel Properties said on Monday that its first-half profits jumped 37 per cent on the back of a surge in ...

Sabic, Exxon rubber plant to start operations in H2 2015
Kemya Company, a 50/50 joint venture of Saudi Basic Industries Corp and ExxonMobil Chemical, expected its rubber plant in ...

Saudi Arabia continues drive to diversify energy mix
Saudi Arabia's commitment to meeting rising demand for oil and gas from the global markets will be a key driver in ...

Saudi- Traders warned against raising prices
Interior Minister Prince Ahmed yesterday warned businesses against increasing prices of essential commodities, ...

Euro Faces Skepticism, AUDUSD Enjoys Hope
The major event risk for the second half of this week can materially change the the bearing of sentiment. Given ...

Saudi- SEC blames thieves for power cut
Residents in a Jeddah neighborhood remained without electricity for nearly 35 hours after their local power station ...

UAE- Metro travel to be faster
Metro commuters can hope to reach their destinations 10 minutes early at no extra charge with the introduction of ...

UAE- Etihad Airways, Aer Lingus sign codeshare agreement
Etihad Airways and Aer Lingus have signed an historic interline and codeshare agreement which follows the UAE ...

Saudi Tadawul extends gain for 3rd day
The Tadawul All-Share Index extended gain for the third straight day yesterday. It opened at 6,769.12 ...

Abu Dhabi to have 11,000 new housing units by year-end
Over 11,000 housing units mostly apartments are scheduled for completion in the remaining part of the year, adding ...

Saudi Govt spending boosts economic growth
The Saudi Arabian economy is predicted to witness an average growth rate of 5.3 percent in the current year, which ...

Saudi- Billions frozen in family disputes
Some SR 15 billion of family companies are frozen due to disputes between family members after the death of founders, ...

Saudi- SR 625.63 million deals for higher education projects
Higher Education Minister Khaled Al-Anqari yesterday signed six contracts worth more than SR 625.63 million to carry ...

Halwani Bros fixes SR 3,000 as minimum salary for Saudis
Halwani Bros Company has become a pioneer among Saudi private companies by announcing SR 3,000 minimum salary for ...

Saudi- SR 440 million collected for Syrians
A total of SR 440 million cash donations have been collected under the National Fundraising Campaign for the Syrians ...

Saudi- Militant who had a relapse surrenders
Adnan Mohammed Ali Al-Sayegh, a wanted Saudi militant, surrendered to security authorities. Security spokesman at the ...

Wife of expat seduced in Kuwait
The Misdemeanor Court of Appeals supervised by Judge Dhari Ali suspended the enforcement of a year's imprisonment ...

Son abducted in Kuwait
Police have arrested an army officer for breaking into the house of his father-in-law and kidnapping his son who was ...

Jordan- Injuries, tensions rise as Syrian exodus into Jordan continues
Dozens of Syrians were injured along the Kingdom's northern border on Sunday in an upswing of violence that sources ...

Jordan- Suspect arrested for involvement in JD500,000 bank fraud
Criminal Investigation Department personnel on Sunday arrested a man suspected of involvement in a JD500,000 ...

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