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Monday, December 17, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Soaring house rents worry tenants
The soaring residential rental rates are adding to the woes of both citizens and expatriates alike. Many tenants expressed their frustration ...

Saudi aviation body to review fuel price, allow fare increases
Saudi Information Minister Abulaziz Khoja disclosed that Saudi Arabia plans to give its civil aviation body powers to allow fare increases, Reuters ...

US- How to target untaxed wealth
Sooner or later the American tax code will be reformed - probably sooner. Raising revenue will be the main motivation, but at a time of ...

South Korea imports 30% of oil from Saudi Arabia
President Lee Myung-bak of South Korea decorated here yesterday Minister of Petroleum and Mineral Resources Ali Al-Naimi with the Medal of ...

Saudi Dallah shares up 51.32% on debut
The Tadawul All-Share Index , reflecting a series of ascending tops, edged higher by 0.29 percent to 6,870.98 points yesterday. On a ...

Dubai's new car imports hit more than500,000 so far this year
Dubai-based container terminal operator DP World said its flagship Jebel Ali Port has handled more than 500,000 vehicles during the first 49 weeks this ...

Sales of Apple's iPhone 5 in China surpass 2m in 3 days
Apple Inc. CEO, Tim Cook, stated that after only 3 days of its introduction in China, sales of the iPhone 5 in the Asian country exceeded 2 million ...

Laser 'fired' at plane in Kuwait
Police are looking for an unidentified person for directing a laser beam at a military airplane just before it landed at the Arifjan camp, ...

American company targeted in renewed Kabul violence
A Taleban car bomb targeted a US company in Kabul yesterday, killing two person and wounding at least 30 shortly after a landmine killed 10 ...

Looking beyond emerging markets to 'frontier' economies
With China, Brazil and India hitting icy patches on their economic growth paths, investing in even younger emerging markets looks ...

China posts 5.4% fall in Nov FDI inflow
China's Ministry of Commerce stated that the foreign direct investment inflow in the country fell 5.4 percent last month from a year ago, reported ...

Angry Tunisians throw stones at president, speaker
Protesters yesterday hurled rocks at Tunisia's President Moncef Marzouki and Parliamentary Speaker Mustapha Ben Jaafar in Sidi Bouzid, cradle ...

Obama's tears
The Connecticut school shooting was indeed a profound tragedy. It was late night in Saudi Arabia when I watched the tragedy unfold live on TV. ...

Make Saudi Arabia 2nd home, expats told
There are not many Saudis who speak Malayalam, the language of Kerala in India. Then, again, there are not many Saudis whose parents hailed ...

Saudi- Beggars: A daily game of hide-and-seek
The streets of Jeddah are witnessing a huge game of hide-and-seek as the city's numerous beggars do their best to escape the clutches of the ...

World's oldest person dies at age 115
The world's oldest person -- an Iowa woman who scrubbed floors until she turned 90 -- died Monday at age 115, less than two weeks after earning her ...

Family with 8 children defies China one-child rule
China's one-child rule has numerous critics, but perhaps none have so emphatically defied the policy as a couple who have accumulated four boys and ...

End of the world Gangnam style?
If the Four Horsemen of the Apocalypse are about to descend on Earth, it seems one might be riding in from South Korea on an invisible steed to the ...

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