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Tuesday, October 9, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

IMF ups Mena growth view
The International Monetary Fund, or IMF, on Tuesday raised its growth forecast for oil exporting countries in the Middle East and North ...

UAE- Gates, Al Ansari ink deal to tackle polio and NTDs
The Bill & Melinda Gates Foundation and Al Ansari Exchange on Tuesday announced a partnership in support of two major health priorities: ...

Saudi- SEC set for $ 10 bn expenditure
The Saudi Electricity Co. will have capital expenditure needs of nearly $ 10 billion next year, a senior executive said yesterday, and ...

Saudi- Minimum salary for private teachers set
The General Organization for Social Insurance warned that they will deprive private schools from certification if they don't raise teachers' ...

Saudi- TAQNIA to establish venture capital fund
The Saudi Company for Technological Development and Investment will set up a venture capital fund, according to a statement made by ...

UAE trade with Saudi Arabia reaches AED 9.9 bn
UAE nonoil foreign trade maintained positive growth rates in the first four months of this year rose by AED 17.3 billion to AED 320.3 billion ...

Cycling oil prices and the rise of the generalists
In the past two years, crude oil markets have become an increasingly important sector for hedge funds and other money managers, attracting ...

Aramco, YSA sign corporate procurement deal
Yokogawa Saudi Arabia and Saudi Aramco signed a corporate procurement agreement that encompasses all the services that Yokogawa ...

Middle East M&A activity doubles to $ 15.7 bn
Thomson Reuters yesterday released its investment banking analysis for the Middle East region for the first nine months of 2012. According ...

FedEx plans to better profits by USD1.7b from cost cuts
FedEx Corp unveiled plans to deepen costs cuts at its underperforming express air freight and services divisions, as it targets to better its profits at ...

Oil Search signs up Total as PNG Gulf partner
Papua New Guinea focused Oil Search has formed a partnership with Total that marks the entry of the French ...

Saudi Arabia can meet market demand
Saudi Arabia has the ability to meet existing and future demand for oil, said Minister of Petroleum and Mineral Resources Ali Al-Naimi ...

Tag Pacific nabs second A$10m contract for Ichthys LNG project
Tag Pacific has been awarded a second A$10 million contract for Inpex's Ichthys liquefied natural gas project ...

Saudi Arabia needs to solve housing problem
Saudi Arabia needs SR 1.4 trillion in the next 10 years to catch up with housing development demands said Abullah Dahlan, member of the ...

Saudi- Khoja lays foundation stone for Gulf Radio and TV headquarters
The Minister of Culture and Information Dr. Abdulaziz bin Mohieddin Khoja laid in diplomatic quarter here today the foundation stone for the ...

Kuwait- Police hunt three in kidnap, rape of deaf and dumb boy
Police are looking for three unidentified persons for kidnapping and raping a dumb and deaf boy in a remote area, reports Al-Watan Arabic ...

Turkey sends jets to Syrian border
Turkey has confirmed it is deploying more fighter jets to an airbase close to the border with Syria, amid artillery exchanges along its tense ...

Was Buthaina involved or was she implicated?
IS it rational that an elegant and intellectual woman such as Buthaina Shaaban, adviser to President Bashar Assad, would get involved in dirty ...

Kuwait- 'My aunt tortured, forced me to beg'
A 16-year-old girl, who was reported as missing by her family, was found hiding in a relative's house because her aunt was torturing ...

Shisha ban in Jeddah takes effect today as grace period ends
The Jeddah mayoralty had set a grace period that ends today for cafes and restaurants in the city to stop serving shisha to costumers. The ...

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