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Wednesday, October 31, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

EU governments set to confirm Mersch at ECB
EU governments are expected to confirm Luxembourg's central banker in a key ECB post Monday, despite opposition from the European Parliament which ...

Kuwaitis split on Barrak arrest
Following the arrest of noted former opposition MP and national figure Musallam Al-Barrak on Monday afternoon, for allegedly insulting HH the ...

Portugal adopts hotly protested austerity budget
The Portuguese parliament adopted on Wednesday a 2013 austerity budget that includes draconian tax increases required by international creditors, in ...

Greeks protest against new taxes with ice and pig posters
After Molotov cocktails, slices of marble and oranges, Greek protesters have found new ways, in the shape of ice and pig posters, to demonstrate ...

Etihad resumes flights, Emirates to follow suit
Etihad Airways resumed its operations to the storm-hit US with Flight EY101 departing Abu Dhabi for New York on schedule at 10am on ...

Netflix surges after Icahn grabs stake
Netflix shares surged Wednesday on news that corporate raider Carl Icahn had acquired a stake of nearly 10 percent in the online video giant.A filing ...

GM reports USD1.5b Q3 profit
General Motors Co. announced that its third-quarter profits fell to USD1.5 billion, compared with last year's same period of USD1.7 billion, reported ...

US stocks close mixed in 1st session after storm
US stocks finished mixed Wednesday as trade resumed after the financial sector was shut down for two days by megastorm Sandy, which blasted New York ...

Saudi- SR 30 bn compensation set for Makkah projects
The government will remove about 1,800 real estate properties worth SR 30 billion in the central region of Makkah, including 400 hotels and ...

Saudi- Most fire deaths due to chaos at exits
The Ain Badr, Eastern Province, fire that left at least 24 people dead and 30 injured during a wedding on Tuesday highlights the need to ...

In 'divided' Lebanon, youth rise above sectarian politics
The Oct. 19 bombing in Beirut shocked Lebanon and marked yet another chilling episode of tension in the country. For the country's youth, ...

Kuwait- Gulf Bank logs KD 22.4m net profit in third quarter
Gulf Bank today announced an operating profit of KD 91.1 million before provisions for the first nine months of 2012, compared to KD 82.2 ...

Kuwait witnesses 29% growth in Rolls-Royce sales
Ali Alghanim & Sons Automotive, the sole dealer of Rolls-Royce Motor Cars in Kuwait, has announced 29% growth in sales of the ultra-luxury ...

UAE- Tabreed net profit rises 29% to Dh167.6m in nine months
National Central Cooling Company , the leading Abu Dhabi-based district cooling utility company, on Wednesday said that its net ...

Two die in bid to launch hot air balloon in Sharjah villa

An attempt to launch a hot air balloon inside a villa ended in tragedy when it exploded, killing two people and critically injuring ...

UAE- Kidnapped man freed, two held
The Abu Dhabi Police have arrested two Arab nationals for allegedly kidnapping another Arab of a different nationality and threatening to ...

Drunk US citizen sexually assaults Filipina girlfriend in Kuwait
Police have arrested an American man for sexually assaulting his Filipino girlfriend inside an apartment in Fahaheel, reports Annahar ...

KD 100 fine for beating police in Kuwait
The Court of Appeals presided over by Judge Hassan Al-Shimmari imposed a fine of KD 100 on an Egyptian man after revoking the Lower Court's ...

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