| Bernanke warns about fiscal cliff, spending cutbacks
 US Federal Reserve chairman Ben Bernanke warned Tuesday that the looming 'fiscal cliff' tax hikes and spending cuts "pose a substantial threat" to ... SEC ties SAC hedge funds to $276 mn insider case
 US market regulators implicated star hedge fund group SAC Capital Tuesday in what they called a record insider trading case that earned beneficiaries ... EU bailout fund delays auction after France downgrade
 The EU's bailout fund said on Tuesday it was postponing an auction of three-year bonds following rating agency Moody's decision to downgrade France ... Tokyo, Osaka bourses get merger green lights
 The Tokyo Stock Exchange and Osaka Securities Exchange were given the nod from their shareholders Tuesday for a merger that will create the world's ... Fire breaks out in Jeddah hospital; 1 injured Civil Defense late Monday extinguished a fire that broke out on the ground floor of Buqshan Hospital in Jeddah. No casualties were reported. A ... Kuwait oil leak under control> Kuwait Oil Company has controlled a limited gas leak of hydrogen sulfide condensates at Um-Qadir in west Kuwait. The ... Protest-hit Jordan to receive aid from GCC Gulf states are looking at ways to help Jordan's ailing economy after a decision to cut fuel subsidies sent energy prices soaring and led to ... Saudi- Iqama non-renewal problematic for expats A sponsors' ability to renew iqamas has a direct impact on the living conditions of many expatriates in Saudi ... Saudi- Ministry: Small businesses to be exempted from new expat fee The Ministry of Labor announced yesterday it plans to not impose the new expat fee on small businesses in the Kingdom. A ministry ... Kuwait- Global Investement post KD 35.4m losses in Jan-Sept 2012> Global Investment House recorded a loss of KD 35.4 million in the first nine months of 2012 ... Qatar launchs multi-bln LDPE3 plant> Qatar Petrochemical Company's 3rd low-density polyethylene plant cost 2.3 billion Qatari Riyals , a Qatari ... US retailer Best Buy posts USD10m loss in Q3
Minnesota-based consumer electronics retailer Best Buy Co. posted a quarterly loss, as its sales continue to fall, AP reported. The struggling company ... EasyJet says annual profits soar
 British budget airline easyJet said Tuesday that annual net profits surged by 13 percent, boosted by demand for low-cost air travel, and more than ... IMF agrees $4.8 bn loan for Egypt
 The International Monetary Fund said Tuesday it had reached a deal with Egyptian authorities on a 22-month loan totalling some $4.8 billion to help ... Glencore shareholders embrace Xstrata merger
 Shareholders of Swiss commodities giant Glencore overwhelmingly approved a tie-up with Swiss mining giant Xstrata, during an extraordinary general ... US- Wealth effect will drive retail stocks
 This holiday season may prove to be a bell-ringer for stores and producers of consumer goods and services, despite disappointing recent retail ... Half of pilots fall asleep at controls
A new study carried out in Austria, Sweden, Germany and Denmark has found out one in three airline pilots has fallen asleep at the controls of ... MOH shuts down 9 private health facilities in Riyadh The Ministry of Heath shut down nine private health facilities in Riyadh yesterday. The five medical complexes, two polyclinics and two optical ... Saudi- Old national ID cards to be replaced by May Hussein Al-Barakati, director of Civil Status in Makkah, said the processing of old national identifications cards that end their validity in ... Gaza: Between recurring tragedies and changing policies We shouldn't blame the ordinary Arab citizen because every time a crisis occurs, he just sits and watches as if he is watching a new movie. In ... Iran N-work unaffected by curbs
Multiple rounds of international sanctions are failing to have any effect on Iran's controversial nuclear program, the head of the UN atomic ... One dead as heavy rains lash Makkah, Eastern Province
 One person died and 47 others were rescued after heavy rains fell on parts of Makkah Province on Sunday. The highway connecting Rabigh and ... | 
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