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Saturday, October 6, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Qtel becomes owner of 92.1% stake in Kuwait's Wataniya
Qatar Telecom has confirmed it increased its shareholding in Kuwait's Wataniya to 92.1 percent, following the close of its tender offer, Reuters ...

Saudi- Aramco investigates bribe report
Saudi Aramco is investigating a number of its staffers involved in receiving alleged bribes from the American company Tyco, according to a ...

Gold retreats from 11-month high; US crude down $ 2
Gold retreated from an 11-month high earlier yesterday as bullion's appeal as an inflation hedge decreased after a surprise drop in US ...

Saudi- KHI sells interests in Fairmont for SR 218 m
Kingdom Hotel Investments , a wholly-owned subsidiary of the Saudi Arabian conglomerate Kingdom Holding Company , chaired by Prince ...

Saudi- Oil producers plan $ 750 bn investment in energy projects
Oil producers in the Middle East and North Africa plan to invest $ 740 billion in energy projects in the next five years, led by the Kingdom, ...

Mexico finds new oil deposits
Mexican President, Felipe Calderon, announced that Pemex, the state owned oil company has found new oil deposits in the Gulf of Mexico with an estimated ...

Affordable housing in GCC: National policies and future needs
In Part 1 of this article published yesterday, we looked at problems and challenges in the provision of affordable housing in GCC countries. In ...

France revises down growth forecast for 2012 to 0.2%
Freance's national statistics institute Insee announced that the country's economic growth for the current year will be at 0.2 percent, compared with ...

Saudi- SR 1.18 bn contract for KFMC expansion signed
Health Minister Dr. Abdullah Al-Rabeeah signed yesterday a SR 1.18 billion agreement for the construction of specialized medical centers at the ...

Saudi- Unbridled growth of gas stations worries residents
Ninety percent of gas stations in the Kingdom are running on private investments, said a study of the Saudi Chambers of Commerce and Industry. ...

Investments in the Saudi Arabia to generate 721 jobs
More than $ 531 million the prospective of 10 investments in the field of basic metal, chemical, and plastics industries, in addition to the ...

Kuwait- Burgan Bank gets approval to acquire Eurobank Tekfen
Kuwait's Burgan Bank announced Saturday that it had received the Central Bank of Kuwait's approval on a share purchase agreement with ...

Saudi KHC gives up stake in Philippines hotel for USD58m
Kingdom Holding Company , chaired by Saudi billionaire Prince Alwaleed bin Talal, has agreed to sell its stake in the Fairmont Hotel and Raffles ...

Kuwait- Hackers hit Syrian teacher's bank account, KD 600 stolen
A female Syrian teacher lodged a complaint at Maidan Hawally police station recently accusing unknown Internet hackers of hacking into her ...

Kuwait- 'Don't interfere in jurisdiction of Amir'
"Some individuals are either ignorant of the provisions of the Constitution or are simply trying to impose their fruitless opinions on ...

Kuwait- Media blamed for fall in KAC sales
Kuwait Airways Corporation witnessed a decline in sales during recent months due to the media campaign concerning the air fleet's safety ...

Kuwait- Securitymen arrest two expats involved in shooting 2 Bedouns
In connection to a recent shooting incident of two Bedouns in Jahra, securitymen arrested the main suspect who is a 20-year-old Syrian ...

Maid attempts to 'kill' kafil in Kuwait
A Sri Lankan woman, working as a housemaid for a Kuwaiti citizen, was arrested recently for attempting to kill her sponsor, reports Al-Anba ...

UAE- Fire damages tower in Tecom area

A major fire in a residential building in Dubai's Tecom area has left behind charred remains as entire flats were burnt down in a 'freak ...

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