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Saturday, September 29, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US industrial orders see a steep fall in August
Official report showed that US long-lasting manufactured goods have slipped sharply in August, disappointing hopes of an improvement in the labour market, ...

Iran vows to 'retaliate' any foreign attack
Iran yesterday vowed to "retaliate" against any attack after Israel's prime minister called for a "red line" to prevent the Islamic republic ...

Saudi: $ 5 billion loan for Jubail petchem project cleared
The US Export-Import Bank has approved a record-breaking $4.975 billion direct loan to help build a petrochemical complex in the Kingdom, the ...

Saudi- Market cap falls to SR 1.38 trillion
Last week was largely negative for the Saudi equities as the Tadawul All-Share Index trimmed back the 7,000-mark during the week to ...

Emirates eyes more A380s
Confirming growing demand for the world's largest airliner, a top executive of Emirates airline said the company would be willing to buy ...

Sudan, S Sudan agree to resume oil flow
The oil flow between Sudan and newly independent South Sudan will restart again, as the two countries firmed deals to secure their shared border and boost ...

Makkah to establish SR 2.4 billion solar energy project
Makkah municipality will establish a mega solar energy project, costing about SR 2.4 billion, to produce about 100 megawatt of electricity to ...

Bailout or not, Spain politics may drive euro lower
Foreign exchange markets may be seriously underestimating the impact on the euro of political risk in Spain, regardless of whether Madrid seeks ...

Samsung strives to reverse verdict
Samsung doesn't want you to know why it believes juror misconduct tainted the $ 1.05 billion verdict that a San Jose federal court jury ...

Egypt- Christians flee Sinai after death threats
Several Christian families have fled their homes in Egypt's Sinai peninsula after receiving death threats from suspected militants, officials ...

Japan decides to import 30% less of Iranian crude oil
Japan decided to decrease its imports of Iranian crude oil further 30 percent for the rest of this year compared with a year earlier, Reuters ...

US Walgreen reports USD353m profit in Q4
Chicago-based Walgreen Co. reported a sharp 55 percent drop in quarterly profits, as it loses customers to rivals, Bloomberg reported. The largest US ...

Kuwait's KOC awards Petrofac USD200m contract
London-based Petrofac has won a USD200 million engineering, procurement and construction contract to build a new power distribution network in north ...

Nearly 1,000 jobs allocated to young jobless Saudis
Riyadh Chamber of Commerce and Industry has announced 963 jobs to young Saudis at private sector companies and called on them to conduct ...

Saudi- Three telecom firms' revenues set to increase by 8% to SR 46 bn in H2
NCB Capital continues to believe that the Saudi telecom sector has strong growth potential with profit growth largely driven by value-added ...

New Palestinian bid to be submitted this year
A resolution seeking enhanced UN observer status for the Palestinians will be submitted later this year after the US presidential election, a ...

Deal to boost US trade ties with Gulf countries
The United States yesterday said it has signed a framework agreement with Saudi Arabia and other members of the Gulf Cooperation Council ...

UAE: 61 children harassed in September
Crimes on children during the current month reached 61, said Col Jamal Salem Al Jalaf, deputy director of the Centre for Monitoring Human ...

Saudi- Govt to buy back land grants
The Ministry of Housing's new strategy, in which a new draft was completed this week, includes an article allowing the government to buy ...

UAE- Etisalat tests world's highest 4G LTE speed at 300 Mbps
Etisalat has added another feather in its cap, completing the highest 4G LTE speed test in the world, reaching a lightning 300 ...

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