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Saturday, November 3, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

How long will GCC prosperity last?
UNTIL 2017, if IMF predictions were to come true. I am writing from Washington, where the International Monetary Fund has recently released a ...

Facebook's executives sell hundres of thousands of shares
Facebook Inc Chief Operating Officer Sheryl Sandberg and two other executives have sold hundreds of thousands of shares in the social networking company as ...

The US on a fiscal cliff
Regardless of who is elected in the US presidential elections on Tuesday, he will be sure of one thing - there will be hardly a honeymoon to ...

Hindujas 'close' to $1.1 bln deal to buy US chemical firm
India's Hinduja Group is close to acquiring US oils and chemicals firm Houghton for $1.1 billion as the family-owned conglomerate seeks a tie-up for ...

Merkel says exit from euro crisis to take at least five years
German Chancellor Angela Merkel said Saturday it will take "five years or more" to overcome the euro debt crisis, local media reported."We have to ...

India's Jet Airways quarterly losses narrow
India's second-biggest private airline Jet Airways has reported its quarterly loss narrowed by 86 percent from a year ago as it benefited from ...

Turkey warns will shun companies involved in Cyprus oil, gas drilling
Turkey warned Saturday it would shun international companies involved in oil and gas drilling off the shores of the divided island of Cyprus."As it ...

The consequences of Obama's debt
The large budget deficits and expansion of the national debt under US President Barack Obama, unprecedented since World War II, have him set to ...

Saudi- Rise in poultry prices forces many to opt for eating out
A recent hike by 40 percent, in poultry prices, has ruffled many housewives and those engaged in the food business. According to statistics, ...

Riyadh blast damage put at over SR 300 m
Several witnesses including the driver of the fuel tanker, which crashed into an overpass on a busy road in the Saudi capital on Thursday, ...

Kuwait- CID arrests motorist who 'hit' security officers during protest
Personnel from the General Department for Criminal Investigation have taken into custody the motorist who had deliberately hit several private ...

Kuwait- 2012/13 budget shows 9% spending hike
The Amir recently approved by decree the much-delayed budget law for FY 2012/13, which had been held up by the absence of a sitting ...

India's FM chalks 5-year plan to slash deficit
On Monday, India's Finance minister P Chidambaram drew up a five-year road map to seek to put its finances in order, aiming to narrow its ...

Kuwait- Awqaf issues strong warning to preachers - 'Don't discuss politics'
Ministry of Awqaf and Islamic Affairs has issued a circular with strong warning to Imams and preachers against discussing political issues and ...

Dubai- DFM Company profit soars 400% for first nine months
Dubai Financial Market Company on Saturday declared more than 400 per cent increase in its net profit for the first nine months of the ...

Kuwait stock market ends last week trading with huge losses
> The Kuwait Stock Exchange ended last week, which was limited to a three-day trading following the holy Eid Al-Adha ...

Syria- US-planned opposition overhaul taking shape
Details emerged yesterday of plans to reshape Syria's opposition into a representative government-in-exile, on the eve of key talks between ...

West's misconception about Hijab
DURING a recent dinner conversation in London I was asked, as is predictably guaranteed, about Saudi Arabia, the abaya and hijab. "A mark of ...

Arab League slams Europe rights report on UAE
The Arab League has rejected the European Parliament's report on human rights in the UAE, terming it as "prejudiced and ...

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