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Monday, August 27, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US IBM agrees to takeover Kenexa for USD1.3b
IBM Corp said it will acquire HR software firm Kenexa Corp for about USD1.3 billion, Reuters reported. The company seeks to ...

UAE- Real estate is on road to recovery
The real estate market's recovery is on track and the banks should come forward to ensure adequate liquidity for ...

Saudi- 2.52 Million tons of grain provided by GSFMO
The storage capacity of grain silos has reached 2.52 million tons as a result of new expansion projects carried out by ...

Tunisia- IIB investors receive 5th consecutive dividend
Strong performance in the Tunisian market has enabled International Investment Bank , an Islamic investment bank ...

US Trimble agrees to acquire TMW for USD355m
Ohio-based Trimble Navigation Ltd is set to acquire privately held TMW Systems Inc for USD335 million in cash, Reuters ...

Bahrain- Gulf Air records positive business performance in 1H
Gulf Air, the national carrier of Bahrain, posted significant improvements in its 2012 half yearly performance against ...

Oman's ACWA to raise USD15m for new water facility
Oman's utility ACWA Power Barka, a unit of Saudi Arabia's Acwa Power International, plans to secure USD15 million loan to boost ...

Emirati families get 1,000 houses
The Municipality of Abu Dhabi City handed over 1,000 new houses to Emirati families on Sunday. This was under ...

Dubai trade exceeds Dh600b
Dubai's foreign trade set new record in first half as it exceeded Dh600 billion mark for the first time in its ...

Emirates NBD unit plans up to 5% dividend for H1
Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD Bank, announced strong dividends ...

UAE- Businessman robbed of Dh5 million
The Dubai Police are searching for five unidentified suspects who allegedly robbed Dh5 million from an Iranian ...

'Saving' the middle class
REPUBLICANS AND Democrats don't agree on much, but they do agree on this: the middle class. At their conventions, ...

Ex-mayor, 3 others charged over 2009 Jeddah floods
The Control and Investigation Board has charged a former mayor, two famous businessmen and a former deputy mayor for ...

Saudi- IIROSA demands humane solution to the problem of African migrants to Europe
International Islamic Relief Organization of Saudi Arabia, an affiliate of the Muslim World League called today ...

Are the Iranians not yet fed up with wars?
THE Non-Aligned Movement summit conference in Tehran is, more or less, a festivity of real value only to the Iranian ...

Emirati girl soars with NASA stint
Unlike most women her age, Heyam Alblooshi, a mechanical engineering graduate from Petroleum Institute Abu ...

Kuwait- Detectives bust gang of 5 involved in several thefts, rapes
Detectives from the Capital and Hawalli Directorates have nailed a gang of five individuals of various nationalities ...

Kuwait- Syrian dies in hospital to stab wounds, police arrest Jordanian
The Capital Governorate police have arrested a Jordanian man for killing a 24-year-old Syrian during a fight at an ...

Saudi- Misuse of mosque for manufacturing explosives condemned
A number of religious scholars and academics have stressed the need for the Ministry of Islamic Affairs, Endowment, ...

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