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Sunday, August 5, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US unemployment rate rises in July; 163,000 jobs added
US employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring. The Labor ...

Saudi oil exports hit 1.59 bn barrels in 7 months
Saudi Arabia exported nearly 1.59 billion barrels of crude oil in the last seven months worth SR 657.2 billion, an ...

Saudi Tadawul continues its winning streak
After spending entire last week with impressive gains, Saudi stock market continued its winning streak, reflecting a ...

Spain inches towards full EU bailout, but conditions needed
Spanish Prime Minister Mariano Rajoy inched closer on Friday to asking for an EU bailout for his country, but said he ...

UAE- New hotel projects to intensify competition
The competition in the hotel industry is expected to intensify due to influx of new projects coming online in the ...

Makkah summit will promote Islamic solidarity
A leading analyst and media figure says the forthcoming Islamic summit in Makkah is a great opportunity to unify the ...

Iran feels heat of sanctions
IRAN is being hit by a "war" on its economy, according to officials facing tightened US sanctions and renewed Israeli ...

Saudi- Programs to help small businesses planned
The Ministry of Social Affairs' social security department met with the Riyadh Chamber of Commerce and Industry's ...

Egypt seeks to seal a USD3.2b loan with IMF
In its efforts to recover from last year's revolt aftermath, Egypt is seeking to resume negotiations with the International ...

UAE- DFM profit up 140%
The Dubai Financial Market Company on Saturday reported a 140 per cent surge in its net profit for the first half ...

Something's happening in world oil market
Come second quarter of next year, oil demand from emerging markets and developing countries, especially oil producing ...

Gold trapped between soft physical demand and economic fear
LAUNCESTON, Australia: Gold remains trapped in no man's land between hopes it will rally if Western central banks are ...

UAE- ADIB Launches Capital Protected Oil Note III
Abu Dhabi Islamic Bank , a top-tier Islamic financial services institution, today announced the launch of ...

Saudi- SR 51 m raised to save 2 youths from execution
A Saudi philanthropist has donated SR 17 million to save a Saudi man from execution. The unidentified donor ...

Royal accused of 'stealing' precious watches in Kuwait
A Lebanese merchant lodged a complaint with officers at Adailiya police station accusing a member of the ruling ...

Kuwaiti Police hunt trio for raping two maids, stealing cash
Police are looking for three unidentified men who broke into a Kuwaiti's house in South Surra and raped two ...

UAE- Maid recalls how she ended up in bed
An Ethiopian maid told a Court of First Instance bench on Thursday that a man lured her to go out with him ...

Romney stoops too low for Jewish vote
WHAT if Mitt Romney - hold on to your hats - were to be elected president later this year? Setting aside that this man ...

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