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Wednesday, August 1, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- ABB wins $ 24 m power orders for aluminum complex
ABB, a major power and automation technology group, has won orders worth around $ 24 million from Maaden Aluminium ...

Saudi- SR 1.4 bn boost for Al-Oqair tourism project
The Council of Ministers on Monday allocated SR 1.4 billion for the development of Al-Oqair region for tourism ...

Europe- Top bank hit by Facebook loss
One of Europe's top banks took another knock on the chin yesterday from its role in Facebook's botched stock market ...

Saudi MODON concludes deals for Qassim projects
Saudi Industrial Property Authority recently concluded contracts for projects in Qassim 2nd Industrial City, ...

Tokyo Stocks Ends Morning Down on Rise of Yen
Tokyo stocks closed the morning lower Wednesday as investors took profits in the face of few trading cues, the ...

Saudi- SABIC's gains lift Tadawul index to four-week high
Saudi Arabia's key stock market index rose to a four-week closing high yesterday, helped by a 1.4 percent gain in ...

Obama says he expects euro to remain intact
> US President Barack Obama said the state of the economy in Europe will produce "continued headwinds" ...

S. Korea, Turkey to Sign FTA
South Korea and Turkey will sign a bilateral free trade agreement on Wednesday. The trade ministers of the ...

Euro zone unemployment at all time record high in June
A report released by the European statistics office showed that unemployment rate in the eurozone reached an all time ...

Saudi- Zain offers 'Speed' Internet at 50% discount
Zain KSA has launched its new 'Speed' Internet offers with a discount that reaches up to 50 percent on Speed 4G and ...

S. Korea's July Trade Surplus Narrows on Falling Exports
South Korea's trade surplus shrank from a month earlier in July as exports slipped at a greater pace than ...

Saudi- STC's Quick Net package big success
Saudi Telecom Company's Quick Net offers have reaped unprecedented success. The limited time offers, which ...

Romney's statement on Jerusalem 'should not be taken seriously'
US presidential candidate Mitt Romney's statements calling Jerusalem "the capital of Israel" are harmful to the ...

Jordan- Dahabi denied bail for 17th time
The Amman Court of First Instance on Tuesday turned down the 17th bail petition submitted by the defence team of ...

UAE- Manager gets death penalty for raping job aspirant
An Iraqi manager was sentenced to death on Tuesday for raping a woman visitor after he lured her to his flat for ...

Saggy-pants spat gets man deplaned
Saggy-pants spat gets man deplanedCHICAGO, Jul 31, 2012 -- A man and his companion were thrown off an airliner in Chicago ...

Looming change to Israel draft law sparks Arab anger
FOR many Arab Israelis, the fact that a young Muslim woman could willingly accept to perform national service at a ...

Suspect in murder of Saudi embassy official confesses in Dhaka
One of four men accused of killing Saudi embassy official Khalaf Al-Ali in Bangladesh confessed to his involvement in ...

UAE- Lawyer denies shooting was an attempt to kill
The lawyer of an Emirati jobless man, accused of shooting at a compatriot's head from a very close range in a bid ...

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