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Saturday, August 18, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Russia's Gold and Hard Currency Reserves Increase
Russian Central Bank announced that the volume of Russia's gold and hard currency reserves rose to USD 510 ...

Mena in spotlight with over $4t construction projects
An estimated $4.2 trillion worth of construction projects is currently ongoing in the Middle East and North Africa ...

Oman's budget surplus hits $4.17bn for H1
Central Bank of Oman said in a recent report that Oman's budget surplus hit USD4.17 billion during the first half of 2012, ...

Obama's emergency oil reserve release plan under fire
US President Barack Obama faced stiff resistance to the possibility of releasing emergency oil reserves to damp down ...

Merkel backs ECB aid terms
Chancellor Angela Merkel backed the European Central Bank's insistence on conditions for helping reduce borrowing ...

Hafiz disburses SR 2.7 bn to 1,365,391 beneficiaries
The national program entrusted to help job seekers has recently deposited a sum of SR 2.7 billion in the bank ...

Qatar Holding agrees to by 20% in BAA
Qatar Holding LLC agreed to buy 20 percent in BAA, which operates London's Heathrow, Stansted and other British airports from ...

Saudi- More job openings for women planned
The Ministry of Labor will take more organizational and legislative initiatives aimed at providing additional work ...

UK house price-salary gap widening
> The cost of buying a home in England has rocketed by more than three times the rate of the average ...

4 million pilgrims to perform Haj 2040
More than 4 million pilgrims will be accommodated for Haj in 2040 with the completion of all planned expansion ...

Madinah hotel occupancy reaches 99 percent
Occupancy rate in hotels at the central area around the Prophet's Mosque in Madinah has reached about 99 percent, ...

Platinum price spikes on S. Africa violence
Platinum prices spiked this week as deadly violence costing the lives of 34 people struck a platinum mine in South ...

China Yuan Bounces to 6.3449 against USD Friday
The Chinese currency Renminbi, or the yuan, rose 46 basis points to 6.3449 against the U.S. dollar on Friday, ...

Etisalat seeks 45% increase in Nigeria subscriber base
Emirates Telecommunications Corp, the largest publicly-traded company in the UAE known as etisalat, is targeting ...

Indian Finance Minister Hails Stock Market Regulator's New Measures
India's federal Finance Minister Friday welcomed the new measures announced by stock markets regulator the ...

UAE- Bin Majid eyes growth
The Bin Majid Group, a diversified business conglomerate, recorded steady growth in the first half and plans to ...

Saudi- 'Marry Us' charity campaign weds 60
Charity House has headed a campaign called "Marry Us" via Twitter for marriage and family guidance in Jeddah. The ...

Iraq violence toll nears 100
BAGHDAD: Iraqi officials said yesterday that a blistering string of attacks across the country the previous day ...

Saudi border patrol clashes with smugglers in Jazan; 2 killed
A Saudi border patrol had seized 37.5 kilograms of hashish from drug traffickers during a clash that ended with one ...

Saudi- Loneliness, inflation hit expats during holiday
Poor and needy expats are struggling to celebrate Eid as they suffer from loneliness and financial stress due to high ...

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