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Monday, October 22, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Fed expected to keep policy on hold
Despite signs of revival in the housing sector and a lower jobless rate, a cautious US Federal Reserve is expected to keep its stimulus programs in ...

EU parliament committee votes down Mersch for ECB
The European Parliament's economic affairs committee Monday voted down the nomination of Luxembourg's Yves Mersch to the European Central Bank board, ...

Will Apple go for 'kill' with iPad Mini?
Just weeks after its momentous launch of the iPhone 5, Apple is back with what is expected to be another hot gadget -- a "mini" version of its ...

Yahoo! profit spikes with Alibaba stake sale
Yahoo! on Monday reported that its quarterly profit rocketed above $3 billion, fueled by the sale of part of its stake in Chinese e-commerce giant ...

Saudi- Alhokair quarterly net profit rises to SR 252.4 m
Saudi fashion retail giant Fawaz A. Alhokair and Co. , saw its second quarter net profits ended Sept. 30 rise to a record SR 252.4 ...

Assets of Saudi's banks reach SR 1.59 trillion in Q2
Saudi banks remain resilient on the back of strong fundamentals that include high liquidity, adequate capitalization and prudent risk ...

Four ways to squeeze inflation risk from your portfolio
While inflation has been tame in recent years, there are few forecasters who believe it will remain so in the future. But when inflation ...

5,700 km in 314 days: Bosnian Haji crosses 7 countries on foot
A Bosnian pilgrim who left last December on pilgrimage to Makkah by foot arrived in the holy city after passing through seven countries ...

Romney dismisses prospect of China trade war
US presidential candidate Mitt Romney dismissed suggestions that he would start a trade war with China as he and President Barack Obama both vowed a ...

Toyota cuts output target amid China spat
Toyota Motor is cutting its target of producing more than 10 million vehicles this year after suffering a sales drop in key market China amid ...

Saudi- HRDF to pay private-sector teachers tomorrow
The Human Resource Development Fund at the Labor Ministry will deposit SR 39.3 million in the bank accounts of 16,177 teachers in private ...

Saudi- Women and Majlis Al Shoura: Presence with impact?
Events are moving" and moving fast. Last Friday, it was publicly announced that logistical preparations are being carried out to accommodate ...

UAE- Man hurt badly in fall; airlifted from mountain
The RAK Police rescued a 50-year-old Emirati man who sustained serious head injuries, cuts and haemorrhage, after slipping and falling ...

Kuwait- Energy drinks now regulated
Kuwait's Minis-try of Commerce and Industry issued a decision on Sunday regulating the sale of energy beverages in the local market. The ...

Kuwait- 'Shops, eateries charging extra fees will face law'
The Ministry of Commerce and Industry has instructed the supervisors of governorates and the commercial inspectors to regularly check shops ...

'Iranians held near Kuwaiti waters have no terror links'
The Iranians who were arrested for entering Saudi territorial waters near Khafji have nothing to do with terrorist ...

Kuwait- Fake Police sets up checkpoint in Salmiya
Police have arrested a Kuwaiti youth for impersonating police and erecting a police check point in Salmiya, reports Al-Rai daily. The ...

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