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Wednesday, August 1, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Dubai reaffirms 4.5% GDP target
Dubai is expected to achieve a 4.5 per cent growth in gross domestic product, or GDP, in 2012, it was reaffirmed ...

Oil prices rise on surprise supply drop
The price of oil climbed to near $89 per barrel yesterday after the government said supplies have dropped more than ...

Saudi- Crop failures rekindling inflation concerns
Inflation was doubtless the main macroeconomic challenge afflicting the GCC countries in 2007-2008. Since then, the ...

Saudi women make up 16.5% of labor force
Effectively utilizing the available factors of production - land, labor, and capital - is the key development ...

StanChart profit up 12%
Standard Chartered on Wednesday said its first-half net profit rose 12 per cent to a record high thanks to strong ...

Europe- Bond investors blamed for high borrowing costs
Italian Premier Mario Monti slammed bond market investors yesterday for failing to appreciate the reforms being ...

India needs smarter grid to avoid another blackout
The precise cause of widespread power failures that cut electricity supply on Tuesday to states where half of India's ...

Saudi- Red Sea Housing embarks on SR 2 billion expansion plan
Red Sea Housing Services Company has announced the appointment of Amr Abdullah Al-Dabbagh as chairman of its board for ...

BRIEF: Parent company confirms it's closing Third Wave Technologies; 130 will lose jobs

Fisher Communications, Inc. to Report Second Quarter 2012 Financial Results on August 7, 2012

* Mitsubishi Corp: Expect Australia JV with BHP to Back Full Operation Around End Sep

Kuwait- Jazeera Airways Group posts KD 2.6 mln net profit in Q2
In a webcast attended by local and international analysts, award winning Jazeera Airways Group today announced a ...

Air Arabia named world's second best performing airline
Air Arabia, described as the Middle East and North Africa's first and largest low-cost carrier, has been ranked as the ...

Kuwait- Fire at EQUATE Petrochemical extinguished
EQUATE Petrochemical Company said that it extinguished a limited fire earlier this morning. An EQUATE official said, ...

'Qaeda attempting to enter Kuwait for sabotage activities'
An unidentified GCC state has informed the concerned authorities in Kuwait that some al-Qaeda network elements, ...

Saudi aid to be delivered through Jordan
Around 40 aid trucks have been prepared to drive from three cities in Saudi Arabia to Mufraq camp located in the north ...

Kuwait- One stabbed, two injured in Khaitan, Faiha gang fights
Two expatriates sustained injuries during a public brawl between two groups of expatriates in Khaitan. Reportedly, ...

Kuwait- Mine in desert
Special security forces successfully deactivated a live mine in Salmi desert that was left behind by the Iraqi army ...

Asian found dead in Kuwait
The corpse of an Asian expatriate was recently found in front of a company in Abdali. Reportedly, when the ...

Saudi- Speeding, driver negligence led to train accident
Speeding and driver negligence were responsible for a Dammam-Riyadh passenger train derailing on June 27, an official ...

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