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Wednesday, September 5, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE's Etisalat scraps plans to bid for Indian telco auction
UAE's former monopoly Etisalat has decided to scrap plans to bid for airwaves in an Indian state auction scheduled in November, ...

Prospect of stronger euro may prove market mirage
The euro may have been gently boosted by comments this week from European Central Bank President Mario Draghi but that ...

Moody's downgrades Ireland's country ceiling rating
Moody's Investors Service stated that due to economic and financial risks in Ireland, the agency downgraded the nation's country ...

End of commodity boom may be good for Australia
Have Australians got it wrong by bemoaning what's been called the end of the commodities boom, which may turn out to ...

UAE- Top court orders firm to pay ex-staff Dh79,000
Closing an appeal filed by the attorney-general, the Dubai Court of Cassation has ordered a private firm to pay a ...

Saudi equity market cap rises to SR 1.42 trillion
The Saudi stock market showed solid performance in August, half of which was marked by the fasting month of Ramadan ...

Issuance of bonds and sukuk in GCC totals $ 37.6 bn in H1
Kuwait Financial Centre , in its recent research report titled GCC Bonds & Sukuk Market Survey, has ...

Ericsson: Quadrupling KSA broadband speed can boost GDP by over $ 3 billion
Quadrupling the speed of broadband in Saudi Arabia has the potential to contribute an additional 0.6 percent to the ...

Pay increases 'holding steady' in Saudi Arabia
The impact of Nitaqat is increasingly evident in private sector salaries in the Kingdom, according to industry ...

Reduced working hours can attract Saudis to private firms
A survey conducted by the Ministry of Labor and King Abdul Aziz National Dialogue on working hours in Saudi ...

Kuwait- KSE benchmark gains 18.21 pct in choppy trade
Kuwait stocks rebounded Wednesday after seesawing earlier in the week. The index climbed 18.21 percent in choppy ...

2012 Norton Study: Consumer Cybercrime Costs Canadians C$1.4 Billion
2012 Norton Study: Consumer Cybercrime Costs Canadians C$1.4 BillionTORONTO, Sep. 5, 2012, 2012 -- Cost per ...

UAE- Society pays prisoner's Dh2m diya
Dar Al Ber Society, a charity organisation, has paid Dh2 million to free a Pakistani prisoner who has been ...

Kuwait- Humiliation, assault blamed - Study of women's suicide
Professor Amthal Al-Huwailah from the Kuwait University recently conducted a study on women who commit suicide after ...

Police hunt 'mother' of baby dumped near mosque in Kuwait
Police are looking for an unidentified 'mother' for dumping her new-born baby girl next to a mosque, reports Al-Anba ...

60-yr-old forges 'visa' in Kuwait
Police have arrested a 60-year-old Syrian man for forging a work permit, reports Al-Shahed daily. Following his ...

American history incomplete without Muslim contribution
THIS September, the First Cleveland Masjid in Ohio will celebrate its 75th anniversary and honor Hajj Wali Akram, its ...

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