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Monday, August 13, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Bahrain- Al Baraka Banking Q2 net income rises 13%
Bahrain-based Islamic lender Al Baraka Banking Group posted a 13-percent rise in quarterly net income, the bank said ...

UAE- Global plans $433 m debt-for-equity swap
Global Investment House, the Kuwaiti investment firm undergoing its second debt restructuring in three years, will ...

Kuwait- United Real Estate Co. posts KD 16.4 mln in profits
> United Real Estate Company announced on Saturday that it has recorded a net profit of KD 16.4 ...

Qatar- QNB justifies oil prices rise
> Oil prices have been rising for nearly three months despite healthy supply levels due to geopolitical ...

U.S. Trade Deficit Falls to Lowest Level Since November 2010
The U.S. trade deficit dropped to its lowest level in 18 months in June, as it was pushed down by a steep ...

Nuclear and renewable energy to test German grid
Germany will have to deploy a range of technologies and strategies to protect its grid from a continuing power supply ...

Saudi- Tadawul at 11-week high
Kuwait's bourse closed at eight-year low yesterday as the country's political crisis weighed on investor sentiment, ...

U.S. Jobless Claims Unexpectedly Fall
The number of Americans filing for initial jobless benefits unexpectedly fell last week, the government ...

Saudi- Industrial city to employ 5,000 women
The Kingdom's first women-only industrial city in the Eastern Province city of Hofuf will provide more than 5,000 jobs ...

Lack of any major spark keeps gold in a tight range
Prices were generally higher across the different commodity sectors last week, with weather and geopolitics still ...

Saudi- Doors of higher education close on expat children
All doors to higher education are now closed to expatriate students in Saudi Arabia. After the Arab Spring, Arab expat ...

Jordan- GAM closes 12 food outlets for health violations
The Greater Amman Municipality closed down 12 food outlets last week for violating public health and safety ...

India's Premier sees better GDP growth amid rising downgrades
Prime Minister Manmohan Singh expects a better performance from the economy this fiscal year even as private ...

Syrian MiG-21 plane still in Jordan
The government on Sunday said it was committed to international agreements with regards to the Syrian MiG-21 jet ...

Jordan- Man sentenced to 20 years for sexual assault
The Criminal Court has sentenced a 22-year-old barber to 20 years in prison for sexually assaulting a teenage girl ...

OIC to expel murderous Syrian regime
The 57-member Organization of Islamic Cooperation is set to expel Syria from its congregation in an expression ...

Environmentalists irate after Abdali developer permitted to remove over 500 trees
A group of environmental societies on Sunday urged the government to withdraw its approval of a request by an ...

Jordan Gov't says King's powers are not negotiable
The government accused the Muslim Brotherhood of aiming to limit the King's powers, emphasising that this is ...

Institutionalized Islamophobia in US
When a white supremacist gunman shot and killed six people in a Wisconsin Sikh temple last week, some Sikh community ...

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