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Tuesday, October 23, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Kuwait- Join protest at Erada Square and get KD 100
An unidentified person on his social networking site 'Twitter' said some members of the nullified majority bloc incite the people to ...

UAE's Etisalat reports USD602m profit in Q3
UAE's No.1 telecoms operator Etisalat reported a 28 percent increase in quarterly profits, helped by gains from a stake sale in Indonesia, Reuters ...

Dow Chemical to cut 2,400 jobs, shutter 20 plants
Dow Chemical said Tuesday it planned to cut five percent of its global workforce, or 2,400 people, and shut 20 plants in an effort to slash costs as ...

Irish boy finds Canadian message-in-bottle
A nine year-old boy in Ireland has discovered a message sent in a bottle from Canada eight years ago, and has even managed to track down the two ...

Facebook narrows loss in Q3 as revenues gain
Facebook turned in a second consecutive quarterly loss Tuesday but the social networking giant reported solid revenue gains and beat earnings per ...

US stocks dive as blue chips slash forecasts
Poor earnings and forecasts from major US industrial firms added to a global markets downturn to send US stocks plummeting Tuesday, with DuPont ...

Fed opens two-day policy meeting
The Federal Reserve opened a two-day monetary policy meeting Tuesday, with the central bank expected to keep its stimulus programs in place.The ...

Ten EU nations get go-ahead on finance tax
The European Commission on Tuesday agreed a formal first step enabling 10 EU nations to launch a hotly contested Financial Transactions Tax slated to ...

UAE- Emaar operating profit up
Emaar Properties on Tuesday reported a net operating profit of Dh1.607 billion in first nine months of 2012, which is 29 per cent higher ...

Kuwait finalises $500 million airline settlement with Iraq
Iraq said on Tuesday that a $500 million settlement had been finalised with neighbouring Kuwait to end a decades-long dispute between the two ...

Kuwait- Fury over dad's second wife
The Court of Appeals, presided over by Judge Hassan Al-Shimmari, upheld the ruling of the First Instance Court which had acquitted a young man ...

UAE- Six-month jail term for attempted murder, rape
A 37-year-old shepherd was sentenced on Monday to six months in jail for trying to kill a woman with a knife in her flat. The Sudanese ...

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