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Saturday, September 1, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Eurozone Annual Inflation Up 2.6% In August
The statistics office of the European Union, Eurostat, expected an annual inflation rate in the Eurozone to ...

Spain''s deficit swells 4.6 pct in July
> Spanish government's deficit kept rising and swelled by 4.6 percent of GDP in July this year to reach ...

KPC denies affiliate firm signs deal in Canada
> Kuwait Petroleum Corporation Friday brushed aside news reports that one of its affiliate ...

Saudi- Aramco emerges stronger from cyber attack
New details have emerged of how Saudi Aramco, led by President and CEO Khalid A. Al-Falih, addressed what independent ...

Yuan now China's problem too
For so long a thorn in the side of China's trade partners, the yuan now appears to be not only China's currency but ...

AMR, US Airways evaluating potential merger
American Airlines parent AMR Corp. and US Airways Group Inc. have signed a non-disclosure agreement as they evaluate a ...

S Korea's Credit Card Spending Up 13.7% in July
South Korea's credit card spending jumped nearly 14% in July from a year earlier, fueled by rising consumer ...

Russia's LUKOIL reports USD1b profit in Q2
LUKOIL, the second largest oil and gas firm in Russia, reported a 69 percent decline in quarterly profits year-on-year, on lower ...

Demand for IT professionals to go up in Q4, says Dulsco
The sudden increase in the number of digital media companies offering social media, internet marketing and cloud ...

Bentley eyes major rail projects in GCC states
Rail industry is taking shape in the Gulf region and Bentley Systems is actively pursuing major projects including ...

Saudi- Global auto giant plans assembly plant in Kingdom
Tata group Chairman Ratan Tata has said Jaguar Land Rover is examining the possibility of setting up an assembly ...

Chile's Cencosud reports USD75m profit in Q2
Chilean retail Cencosud reported a 41.2 percent drop in quarterly profits, on higher administrative and sales costs and ...

Portugal's Engil reports USD23.1m profit in H1
Portugal's top builder Mota Engil posted a 17 percent increase in half-yearly profits, driven by its growing overseas business, ...

Damac hits construction milestone in Lebanon
Damac Properties has completed the raft foundation for its iconic Damac Tower in Beirut, Lebanon. The main ...

Endeavour Mining to grow gold production to half a million ounces with Avion Gold acquisition
Endeavour Mining is aggressively pursuing a nearly half a million ounce gold ...

GCC to enforce legislation on cigarette labeling
Saudi Arabia and all other member states of the six-nation Gulf Cooperation Council are on course to become the ...

Saudi- 120,000 Bangladeshis set to perform Haj
An estimated 120,000 pilgrims from Bangladesh will perform Haj this year, reported local Arabic daily Al-Madinah ...

Asian woman hits bottle on Syrian's head
Syrian woman sustained head injuries when an Asian woman assaulted her during a quarrel in Jleeb Al-Shuyoukh. ...

Kuwait- MoCI foils bid to change date of 35 tons sugar expired year ago
The Ministry of Commerce and Industry recently foiled an attempt by an unidentified company to flood the Kuwait ...

Kuwait- Couple held for adultery
Personnel from the Criminal Evidences Department have arrested an unidentified Kuwaiti couple for committing ...

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