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Wednesday, August 29, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Meeting to decide on 2-day weekly off for private sector: Govt
A plan to introduce a five-day week for private sector employees is being opposed by some senior officials in the ...

Japan's Daikin plans to take over Goodman Global for USD3.7b
Japanese air conditioning specialist Daikin Industries, Ltd. is looking to take over Houston, Texas-based Goodman Global Group ...

Dubai's Nakheel pays USD57m debt due in Aug-end
Dubai-based developer Nakheel has repaid USD57.4 million, due at the end of this month, as part of its debt restructuring ...

UAE's new fund regulations may oust asset managers
UAE is about to implement new rules on the sale of foreign funds in order to protect its investors from losses amid weak global ...

DP World H1 profit soars 12%
DP World H1 profit soars 12%DUBAI, Aug 30, 2012 -- DP World on ...

HP vows to overtake Asus in notebooks
HP vows to overtake Asus in notebooksAug 30, 2012 -- Hewlett-Packard ...

The Saudi Credit Bank drops loan co-signer requirement
The Saudi Credit Bank has dropped its co-signer condition to ensure bills for women applying for small loans, a source ...

Foundation of USD300m Damac Tower in Beirut finished
Dubai-based Damac Properties has completed the foundations of its iconic Damac Tower in Beirut, the company said in a press ...

UAE- Dewa's H1 profit rises to Dh1.8b
Dubai Electricity and Water Authority, popularly known as Dewa, on Wednesday said its first-half profit rose 12.6 ...

Kuwait- Inflation rate unchanged at 2.8 pct in June, 3.4% in H1
Inflation in the Consumer Price Index was 2.8% year-on-year in June, similar to its May rate, and still ...

UAE- ADNIC maintains positive rating
Abu Dhabi National Insurance Company, or Adnic, announced on Wednesday that its financial strength rating and ...

Australian Power And Gas Company Limited (ASX:APK) Signs $85 Million Financing Agreement
Australian Power & Gas Company Limited , Australia's leading independent energy retailer, today announced it has signed an $85 ...

$20 bn Olympic Dam mine project: Too big to dig?
Once again BHP Billiton has spoken and the world has listened. Back in March a comment from Ian Ashby, then head ...

Arafat poisoning probe: Mixed reaction in Palestine
News that France had opened an inquiry into the death of the late Yasser Arafat was welcomed by many Palestinians ...

Saudi- 5 die as floods strike Jazan
Five Saudis have died in torrential floods in the southern province of Jazan on Tuesday night, the Civil Defense ...

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