Kumaresan Selvaraj pillai


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Saturday, August 11, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi nonoil exports hit SR 14.48 bn in June
The value of Saudi non-oil exports stood at SR 14.48 billion for the month of June in 2012, compared to SR 15.70 ...

OPEC forecasts global oil demand to slow in 2013
The Organization of Petroleum Exporting Countries has predicted world oil demand to cool in 2013, Reuters reported. OPEC ...

Russian refiners' mounting influence over oil market
Not surprisingly, a look at Russian export data helps explain the strength in prices. Although sea-borne shipments ...

Kuwait- Zain posts $ 2.4 bn revenue, $ 510 m net profit in H1
Zain Group, the pioneer in mobile telecommunications in eight markets across the Middle East and North Africa, has ...

GCC's combined economy to hit USD1tr
A recent report released by -based Gulf Investment Company expected the overall GDP of the six-nation Gulf Cooperation ...

US stocks sink as Man United debuts
US stockmarkets pared early half-percent opening losses in mid-morning trade yesterday as the debut shares of ...

Saudi stock market inches upward
The prices of Saudi stocks surged for the third straight week, witnessing the long-term upward trend last week. The ...

Dubai's Shuaa Capital reports second quarter loss
Dubai-based Shuaa Capital reported USD4.3 million net loss in the second quarter compared to USD163,36 profit a year earlier, ...

Egypt inflation slows to 6.4% in July
Recent official data showed that Egypt's urban consumer inflation has recorded a six-year low level at 6.4 percent in July, driven ...

Egypt's Suez Canal generates USD433m in July
Egypt's Suez Canal reported a 4 percent growth in revenue in July compared to June records, Reuters reported. The water way ...

The fate of Africa
After two decades of bloody anarchy, Somalia is finally on the mend. There is something resembling a government coming ...

Filipino Woman Kidnapped, Raped In Salmiya
The security authorities have arrested a 20-year-old Kuwaiti for kidnapping and raping an unidentified Filipino woman ...

Kuwait- Woman reports husband
A Kuwaiti woman has filed a complaint with the police accusing her husband of beating and verbally abusing her ...

Kuwait- Chief threatened
One of the directors from the Ministry of Awkaf and Islamic Affairs has filed a complaint with the Fahaheel Police ...

Local Indian In Great Jolo Escape As Kidnappers Nap
A 37-year-old Indian man, identified as Bijo Kolara Veetil, who was allegedly kidnapped by the al-Qaeda linked Abu ...

Kuwait- Charred Remains Of Asian Found Inside Hassawi Carpentry Shop
Fire erupted in a few carpentry workshops located in an area of 2,000 sqm in Hassawi on Friday evening. The remains ...

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