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Monday, November 12, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Emirates Airline profit doubles on more passengers
Dubai's Emirates airline said Monday it posted a 104 percent surge in net profits in the first six months of the current financial year thanks to ...

Boeing retakes crown as Airbus reports 403 orders
The European aircraft manufacturer Airbus said on Monday that it received orders for 403 planes in the 10 months from January to the end of October, ...

Spain freezes home evictions for two years
Spain's AEB banking association on Monday announced it would freeze for two years the eviction of people from foreclosed homes.The association ...

US 'to become world's biggest oil/gas producer'
The United States is to become the world's top producer around 2020, the International Energy Agency said on Monday, overtaking Saudi Arabia until ...

Kuwait Energy shortlisted for Afghan 'oil project'
The Afghan government has shortlisted companies from Kuwait, the United Arab Emirates and Turkey for a major oil and gas exploration project, ...

Saudi- Minister of commerce and industry inaugurates new factories in Kharj
Minister of Commerce and Industry and Chairman of Board of Directors of Industrial Cities and Technological Zones Authority, Dr. Tawfiq bin ...

Saudi firms projected to raise staff salaries
The average annual salaries of Saudi and expatriate workers is expected to jump by 5.8 percent in 2013, according a survey of 66 companies in ...

Saudi- Shoura calls for greater use of solar power
The Shoura Council urged the Ministry of Water and Electricity to use solar energy for electricity generation, according to Fahad Al-Hamd, ...

Kuwait Cement Co records KD 2.42 million profit in Q3
Board of Kuwait Cement Company met on Nov 12, 2012 and approved the interim financial statements for the period ending Sep 30, 2012. ...

Saudi- Grand mufti asks govt to rein in pricess
Grand Mufti of Saudi Arabia Sheikh Abdul Aziz Al-Asheikh said the government should intervene to regulate the prices of commodities to protect ...

Saudization of SMEs ensures better future, says Alessa
Saudizing small and medium enterprises , boosting infrastructure projects and ending education and health ignorance are the three major ...

Telecom Italia says Egypt tycoon seeking stake
Telecom Italia said on Monday that Egyptian billionaire Naguib Sawiris had made an offer to invest in the debt-laden Italian company, which has been ...

EU ready to suspend CO2 air travel tax for a year
The European Union executive on Monday offered to "stop the clock" on its controversial carbon tax on air travel by suspending the measure for a year ...

Starbucks roasted by British lawmakers over tax stance
British lawmakers grilled global coffee giant Starbucks over its tax policies on Monday, arguing that claims that its British division was ...

Petraeus resignation sparks speculation
THERE'S no fool like an old fool, or so they say. Director of the CIA Gen. David Petraeus had it all. This was the four-star general who ...

40 percent of Arabic tweets are from Saudi Arabia
Saudi Arabia is the largest digital market in the region, with 40 percent of Arabic tweets coming from Saudi Arabia. Saudis also ...

Locks changed after keys stolen at Tower of London
Some of the locks at the Tower of London -- home to Queen Elizabeth II's crown jewels -- have had to be changed after two sets of keys were stolen ...

Kuwait- Army man run over, killed by friend in row
A 24-year Kuwaiti military personnel who worked in the Ministry of Defense was knocked down and killed by his own vehicle driven by his GCC ...

Kuwait- Barrak case opens
The Criminal Court on Monday will look into the case filed against former MP Musallam Al-Barrak who has been charged with insulting the status ...

Way cleared to arm Syria's united opposition
The Gulf Cooperation Council yesterday recognized the newly formed National Coalition of the Syrian opposition as the legitimate representative ...

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