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Sunday, December 16, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

2,195 SUV BMWs recalled in S Korea
South Korea's Ministry of Land, Transportation and Maritime Affairs announced that 2,195 cars were recalled in the country by BMW due to a faulty power ...

Abu Dhabi Inflation at 1.2 percent over the First 11 Months of 2012 Y-O-Y
> Statistics Center - Abu Dhabi issued today its monthly report on the consumer price index and the inflation rate in the ...

Kuwait's Jazeera Airways 'raises' capital by 74 pct
Low-cost Jazeera Airways announced it would be releasing a further 178 million shares to existing shareholders thus raising its capital by 74 ...

Referendum and $ 20 bn from Qatar
Sheikh Yusuf Al-Qaradawi advised the Egyptian people to vote yes for the proposed constitution so as not to lose $ 20 billion promised by ...

Saudi- Court of Grievances gets ready to appoint women
The Court of Grievances will conduct recruitment tests to employ women candidates to work in their various offices across the country. ...

Iran's oil revenues dropped by 50% this year: Paper
Iran's oil revenues have fallen to half this year compared with last year, Reuters reported, citing a local newspaper. Donya-e-Eqtesad has quoted Iran's ...

UAE- DAMAC plans 295 premium serviced apartments in Burj Area
DAMAC has announced its plan for 295 premium serviced hotel apartments in the Burj Area. The project, "The Distinction", is the first major ...

SR 1 trillion Saudi real estate market growing 6% annually
Saudi Arabia's real estate market estimated at more than SR 1 trillion is growing at the rate of six percent annually. It contributes 9.5 ...

Debunking sustainable energy myths
The term 'sustainable energy' has become a 'buzzword' and a 'catchphrase' that is widely used by people who understand its meaning, but do not ...

Qatari Diar seeks contractors for Tajikstan development
Qatar's top developer Qatari Diar Real Estate Investment Company has floated tenders for phases two and three of a major mixed-use development in ...

Saudi- SAMA foreign assets surge 20.7% to SR 2.35 trillion
Saudi Arabia's monetary system continues to overflow with liquidity as the monetary base for the fifth consecutive month, expanding by ...

Dubai's du secures USD100m loan for Huawei equipment
Emirates Integrated Telecommunications Company has secured a USD100 million financing deal to fund its businesses, Arabian Business reported. Osman ...

What do Saudi citizens really fear?
Is it justifiable to fear the future, to fear the unknown? What causes this fear anyway? Is it time that is passing by while the dreams still ...

Why many non-Arab expatriates are reluctant to study Arabic
Tomorrow, DEC. 18, is World Arabic Day. Arabic is a major language and a beautiful one at that - but many wonder why many non-Arabic speaking ...

Singapore posts 2.5% drop in Nov non-oil exports
International Enterprise Singapore stated that non-oil exports in November went down by 2.5 percent on annual basis, reported Xinhua News. The trade ...

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