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Wednesday, August 15, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Mursi's army purge puts him in control
IT has been described as a "soft coup", a "stunning operation" to purge the armed forces from the remnants of the old ...

Petrofac Wins Iraq's Oilfield Services Contract
Oilfield services provider Petrofac says it has signed a $100 million contract with Iraq's South Oil Company to do ...

APICORP net income surges 24%
Arab Petroleum Investments Corporation , the multilateral development bank owned by the ten member states of ...

BP Sells US Refinery, Arco Retail To Tesoro
Oil company BP says it has agreed to sell its refinery in Carson, California and other West Coast assets to ...

Qatar- Aamal Posts QR102.8 Million Net Profit in First Half of 2012
Aamal Company on Sunday disclosed the semi annual financial statements for the period ending June 30, 2012, ...

Saudi economy shows healthy growth despite global fragility
The Saudi economy continues to maintain an upward trajectory and record robust growth figures despite the fragility of ...

Standard Chartered to pay $340m over Iran probe
Standard Chartered yesterday agreed to settle US allegations that it helped Iranian clients dodge sanctions, accepting ...

Air Arabia sets new passenger traffic record in July
Air Arabia, described as the first and largest low-cost carrier in the MENA, flew a record number of passengers ...

UAE- Taqa revenue drops 15% as commodity prices fall
Abu Dhabi National Energy Company, the state-run firm known as Taqa, said second-quarter revenue dropped 15 per ...

UAE No.1 regionally, 4th overall for starting business
The UAE has been ranked first regionally and fourth globally in the World Competitiveness Yearbook 2012's report ...

Shell "and" Delta Doha "Conclude A Contract for the Maintenance of Burner
Delta Doha Corporation and Qatar Shell signed a new long-term service contract for "Local SGP Burner Repair" ...

UAE- Sharp rise in investor confidence
Fund managers with $640 billion of assets under management across the globe appeared to have shrugged off those ...

Regulating the world economy: How boring should you be?
THE last couple of weeks have been an emotional rollercoaster for staff at Standard Chartered, an international bank ...

The hanging questions in Egypt's power play
THE surprise move taken by Egyptian President Muhammad Mursi to assert his power by taking head on the top military ...

Saudi- King Abdullah's dream and lack of media coverage
A high-ranking official told me of the dream of the Custodian of the Two Holy Mosques King Abdullah of 25 years to ...

US military tests hypersonic Waverider aircraft over Pacific
The US military conducted an unmanned test flight on Tuesday of its hypersonic Waverider aircraft, designed to ...

Kuwait- Ethiopian maid in suicide bid - Bad treatment by her Kuwaiti sponsors
An Ethiopian housemaid tried to commit suicide recently in Mahboula due to bad treatment by her Kuwaiti ...

Kuwaiti family of 4 perishes in accident on way from Umrah
A Kuwaiti family perished in a traffic accident in Saudi Arabia while on their way home after performing the minor ...

Kuwait- Syrian girl arrested at airport faces deportation
A Syrian man, whose identity has not been disclosed, has appealed to the Minister of Interior who is seeking the ...

Divided military threatens Yemen's stability
WHEN Yemen's President Ali Abdullah Saleh agreed to step down last year, many Yemenis hoped their country was on the ...

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