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Thursday, August 9, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Giant housing project for north Jeddah
The Pension Fund has announced plans to launch a giant housing project in the South Obhur, near King Abdulaziz ...

Saudi- Standard & Poor's affirms SAIB's Issuer Credit Rating
Standard & Poor's Ratings Services affirmed the Saudi Investment Bank's Issuer Credit Rating at A-/Stable/A-2 in its ...

Jordan- Delay in bidding process stops flow of Iraq oil into Kingdom
Fuel supplies from Iraq to Jordan have been disrupted since the beginning of this month due to delays in choosing a ...

Obama announces 7 solar, wind energy projects for western U.S.
> President Barack Obama on Tuesday announced that seven nationally and regionally "significant" solar ...

Business confidence in UAE tops globally
The UAE leads the world in business confidence and stands alone in positive territory in the global economic ...

Italian economy contracts for fourth straight quarter
Italy shrank further into recession in the second quarter for a 2.5 percent yearly decline, data showed on ...

Saudi- Pilgrims deem price increase of Makkah hotels 'unholy'
With the last 10 days of Ramadan commencing today, hotels and furnished apartments near the Grand Mosque in Makkah are ...

UAE- Arabtec profit up 30%
The UAE's biggest construction group Arabtec Holding on Wednesday declared more than 30 per cent increase in its ...

Jeddah becomes major convention center in Middle East
Adnan Mandura, secretary-general of Jeddah Chamber of Commerce and Industry , said the chamber has been ...

Rosneft, Exxon march toward Russian arctic
Russian oil company Rosneft said it teamed with Exxon Mobil to work on exploration plans in the arctic ...

UAE- Aldar's Q2 profit rockets 228%
Abu Dhabi's biggest real estate developer, Aldar Properties, made a net profit of Dh417.9 million in the second ...

Saudi- Donations for Syrians still pour in
More than SR 524 million has so far been collected under the national fundraising campaign for the Syrians. The amount ...

Kuwait- 'No money collected for terrorist groups'
Director of Cooperative Societies and Charity Organizations at the Ministry of Social Affairs and Labor Bader ...

UAE- Sultan orders poll on loudspeaker use in mosques
His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has ...

UAE- Engineers get life term for raping teenager
Two engineers were sentenced to life imprisonment on Tuesday by the Court of First Instance for sexually ...

Saudi- Travel ban on doctors as woman loses uterus
The Health Affairs Department in Jeddah has imposed a travel ban on the medical team of a private hospital which has ...

US plans post-Assad future
As Syrian President Bashar Assad wages a blood-drenched campaign for survival, Washington is stepping up plans for the ...

UAE- AC short circuit caused Ajman villa fire
A short circuit in an air-conditioner in the hall caused the Ajman villa fire that led to the death of six people, ...

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