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Tuesday, December 18, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Al-Naimi says global oil supply ample, demand good
Both producers and consumers are happy with current crude oil prices and fundamentals, Minister of Petroleum and Mineral Resources Ali Al-Naimi ...

UAE's Al Habtoor Group postpones IPO plans
UAE's conglomerate Al Habtoor Group has shelved what would have been one of the largest initial public offerings in the UAE's recent history, ...

Low turnout in Egypt's vote raises questions
Just under a third of voters turned out for the first stage of the referendum on a constitution meant to be a historic milestone in setting ...

Syrian VP's initiative and the 'last chance'
Syrian Vice President Farouq Shara didn't make any public appearance since August, except on one mysterious occasion and nobody saw him since. ...

Iran leader gets the 'clicks' with Facebook rumor
A Facebook page purportedly created by Iran's Supreme Leader Ayatollah Ali Khamenei attracted nearly 10,000 followers yesterday although the ...

Cement shortage triggers crisis in Makkah
The depleting cement stock has triggered a crisis in Makkah, as the price of one cement bag reached SR 20 in the black market recently. It ...

S&P raises Greek credit rating to B-, outlook stable
Standard & Poor's raised Greece's sovereign credit rating from selective default to B-, with a stable outlook, reported Xinhua News. The ratings agency ...

86% jobs 'not fit for Saudis'
abor Minister Adel Fakeih said yesterday that 86 percent of jobs done by expatriates are not suitable for Saudis. However, he said the new ...

Can you really invest like Warren Buffett?
For as long as I can remember, the investment maxim that most evokes a mix of adulation and performance anxiety is "Invest like Warren ...

Investors target Libya, Iraq oil ventures
Global oil and gas transactions have suffered a modest decline in both deal count and total value in the first half of 2012. However, ...

Etihad Airways acquirers 70% of airberlin's 'topbonus' programme
Abu Dhabi-based Etihad Airways has agreed to purchase a 70 percent stake in airberlin's frequent-flyer programme "topbonus", which will be a relief for the ...

Coal to surpass oil as top fuel
Coal is set to surpass oil as the world's top fuel within a decade, driven by growth in emerging market giants China and India, with even ...

Saudi Five-day surge ends at Tadawul
After five consecutive days of trading in the green, the Saudi stock market took a reversal yesterday, dropping a few points merely. The ...

Brazil beef banned over mad cow fears
The Kingdom has suspended imports of Brazilian beef and became the largest country to stop purchases after confirmation of a 2010 case of ...

Ministry of Labor to launch rating system for Saudis under Nitaqat
In an attempt to promote the slow and sometimes difficult process of Saudization in the workplace, the Ministry of Labor has come up with a ...

Saudi- Road construction firms to be held liable in accidents
The General Directorate of Traffic in Riyadh said that companies carrying out road constructions are directly responsible for the compensation ...

Argentina, fearing Maya-linked suicides, closes mountaintop
As mountaintops go, this one is for meditating. And the odd UFO sighting. But now it is closing for a few days to avert a mass suicide by folks ...

Kuwait- Royal wins case in debt-row with ex-wife
The Court of Appeals presided over by Judge Khalid Al-Othman overturned the verdict of a lower court that had ordered a member of the royal ...

Around world, massacres have spurred gun control
If there's anywhere that understands the pain of Newtown, it's Dunblane, the town whose grief became a catalyst for changes to Britain's gun ...

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