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Tuesday, October 16, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

More Expensive Gas Pushes U.S. Consumer Prices Up
Higher gas costs drove up U.S. consumer prices in September for the second consecutive month, but outside energy, there was little ...

Indian airlines ready to sell 'minority stakes' to Etihad
A number of Indian airlines have shown interest in selling their shares to Etihad Airways, its chief executive officer James Hogan ...

UAE- ADIB Group profit up 3% to Dh328.5m on core banking
The nation's second biggest Islamic lender by assets, Abu Dhabi Islamic Bank Group posted a three per cent increase in its net profit of ...

Ratings of 11 Spanish banks downgraded by S&P
Standard and Poor's said that it slashed its ratings of 11 Spanish banks that had a qualification above BBB-, reported Xinhua News. Las week, the ...

Saudi Information Ministry blocks 52 websites for violations
The Ministry of Culture and Information has blocked 52 websites and pages that are in violation of copyrights. The ministry said it is studying ...

Saudi- Arafat Day on Oct. 25
The Arafat Day, when millions of Muslim pilgrims will stand in prayer on the mount of Arafat near Makkah at the peak of the annual pilgrimage, ...

Saudi- Maaden signs $ 320 m deals for key project
Saudi Arabian Mining Co. said yesterday it had signed financing agreements worth $ 320 million with a Saudi government fund to develop ...

Euro breaks above $1.30, U.S. Treasuries prices slip
The euro rose to a one-week high against the dollar and four-week high against the yen and sterling, with traders initially citing a ...

UAE- Panasonic sees Dh3b sales in Middle East and Africa
Panasonic expects more than Dh3 billion sales in the Middle East and Africa for the financial year ending March, 2013, according to ...

UAE- ME realty investors sustain buy activity
Middle Eastern investors have continued their inter-regional purchasing activity as global commercial real estate investment volumes ...

UAE- Finance House profit soars 19% on lending and deposits
Finance House's earning rose 19 per cent to Dh65.7 million for the nine months ended 30 September 2012, on higher lending and deposits ...

Fed rhetoric could prompt dollar selloff
Asian central banks, sitting on trillions of US dollar assets, must be growing increasingly concerned by the tone of the rhetoric emerging from ...

Saudi- SEC Q3 profit at SR 2.88 bn
The Saudi Electricity Company has posted a 32 percent rise in third-quarter net profit, beating analyst forecasts. The utility ...

Spain cuts borrowing costs
Spain on Tuesday auctioned 4.9 billion euros of government bonds at slightly lower interest rates, despite an ...

Saudi- Female inspectors to enforce shisha ban in cafes, salons
In order to enforce the Ministry of Interior's decision to ban shisha in all cafés and beauty shops especially the ones run by women, Jeddah ...

Setting the record straight on Al Islah
INTERNATIONAL MEDIA coverage of the recent detention of around 60 members of Al Islah Reform and Social Association, an Islamist group in ...

Russia: Assad is to stay
IN one of the Syrian secret documents that I have seen, the head of Syrian intelligence bureau at the Syrian Embassy in Moscow wrote an ...

Kuwaiti bisexual held for holding transsexuals only parties
An aged Kuwaiti citizen, who is a hermaphrodite, was arrested recently for holding private parties exclusively for transsexuals at his flat in ...

Kuwaiti man, European girlfriend caught in act
Police have arrested two people, a Kuwaiti man and his European girlfriend, for committing immoral acts inside a car, reports Al-Rai daily. ...

Several wounded as Kuwait protesters clash with police
Kuwait's Interior Ministry yesterday blamed "troublemakers and agitators" for clashes with police at an anti-government protest where several ...

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