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Thursday, August 16, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Mursi gets powers that rival Mubarak's
EGYPT'S president has given himself the right to legislate and control over the drafting of a new constitution. He has ...

Saudi- Families cash-strapped ahead of Eid
With the Eid Al-Fitr holiday just days away, many families in the Kingdom have admitted to being cash-strapped due to ...

US industrial output posts 0.6% gain in July
The US Federal Reserve stated that in July, the country's industrial output rose 0.6 percent, reported Xinhua News. The Fed ...

Loans portfolio for Saudi banks reach all-time high at SR936.7 bn
Saudi banks' force of lending is largely driven by the level of deposits they accumulate. Following rigorous rules and ...

More than 600k Passengers Travelled Through Queen Alia International Airport during July
Airport International Group , the Jordanian consortium responsible for the rehabilitation, expansion, and operation of ...

Kuwait- Agility achieves KD 14.9 mln in net profit in 1st half of ''12
> Agility Logistics Company announced on Tuesday that it has achieved a net profit of KD 14.9 million in ...

France reports zero economic growth in 2Q 2012
> The French economy has posted zero economic growth in the second quarter of 2012, narrowly avoiding ...

Kuwait- GDP surges 29 percent in 2011 on rising oil prices
> Kuwait's nominal GDP rose 29 percent in 2011 to a record high of KD 44.4 billion on the back of ...

Qatar Airways Plans Passenger Flights to Chicago in 2013
Qatar Airways will launch a new daily Doha Chicago service from April 10, 2013, its fourth US destination, the ...

Jordan- Business leaders urge protection against attacks
Private sector leaders on Tuesday urged the government to protect businesses that have been subject to different ...

Saudi- Food stocks rise as Tadawul hits 7,000-point mark
Saudi Arabia's stock market broke through the psychologically important 7,000-point mark on the final trading session ...

US campaign hits new low
SO much for the new, intellectual debate promised after the wonkish Paul Ryan joined the White House race. In a ...

Etihad opens Melbourne line maintenance facility
Etihad Airways President and CEO James Hogan yeserday opened a new line maintenance base in Melbourne, the UAE flag ...

Seoul policy leeway may boost won against yen
South Korea's economy has its fair share of problems but, paradoxically, this may be the moment for the Korean won to ...

UK- Inflation rate rises
> Prices in the UK rose by 2.6 percent in July, official figures have shown. The annual inflation ...

Japan''s Inpex buys Gulf of Mexico oilfield stake
> Japan's largest oil explorer Inpex Corp. said Tuesday it has acquired a 7.2 percent stake in the ...

UAE- Two engineers accused of stealing cables
Two Indian engineers aged 32 and 29, identified as O.A. and S.A., who worked for du, stood trial on Wednesday in ...

UAE- 'Kicking and stealing' to the police station
The Dubai Police arrested two Ethiopians on August 10 for allegedly stealing money after kicking their victims on ...

Most children in Syria are hostages of violence
TURNING rockets into goal posts, abandoned tanks into playthings, and war into a game, children in Syria are hostages ...

UAE- Renting out land without owner's consent: 2 held
The Sharjah Police have arrested a Sudanese national and an Indian national for allegedly renting out a plot of ...

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