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Tuesday, September 11, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US may lose AAA credit rating: Moody's
Ratings agency Moody's said it may revise US' AAA credit rating if Congress fails to conclude a budget that will cut the federal ...

Bribery charges surface at Jeddah flood trial
The Board of Grievances' Criminal Court postponed issuing a verdict yesterday against a ...

Mursi: Remove all obstacles facing Saudi investment in Egypt
Egyptian President Muhammad Mursi held talks here yesterday with Commerce and Industry Minister Dr. Tawfiq Al-Rabiah ...

IMF closer to passing reforms as deadline looms
The International Monetary Fund said yesterday member countries were moving closer to authorizing voting reforms ...

Qatar keeps Glencore guessing on Xstrata bid
Qatar, Xstrata's second-largest investor, has held back immediate support for Glencore's raised bid for the miner, ...

Iron ore and coal price gains may be premature
Any time the prices of commodities rally on the hope that something positive will happen rather than any actual change ...

Saudi- Sony's Cyber-shot RX100 brings out high-quality images
Modern Electronics Company Ltd, a subsidiary of Al-Faisaliah Group Holding Co., exclusive distributor of Sony's ...

Saudi- Illegal visa trade hurts economy, says expert
Approximately 30 percent of the job visas issued in the Kingdom ends up in the black market, according to a Saudi ...

Did fear of retaliation prompt Canada to cut ties with Iran?
CANADA'S surprise decision to sever relations with Iran may well have been triggered by Ottawa's fear of retaliation ...

Saudi- Baha conjoined twins' surgery tomorrow
A set of conjoined twins from the Baha region are to be separated in Riyadh on Sept. 13, a senior official from the ...

Saudi- 8 years, 2,000 lashes, fine for blackmailer
A 34-year-old Saudi who blackmailed 13 women has been sentenced to 2,000 lashes and eight years in jail. A fine of SR ...

Barack Obama - the one-term president
THE polls say that he is deadlocked with Mitt Romney. My instinct tells me that come Nov. 6 he will lose to Mitt ...

Kuwait- GCC woman in simultaneous marriages for hefty dowries
The Criminal Court towards the end of this month will look into a strange case filed by a GCC woman against her ...

7 women thieves held in Kuwait
Seven women wearing veils have been taken into custody for shoplifting perfumes and incense from a well-known shop in ...

Dubai- Drunken man attacks teenagers with sword
A 22-year-old student who allegedly attacked three teenagers with a sword following a fight among them, stood ...

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