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Saturday, December 22, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Obama calls for scaled-back 'fiscal cliff' package
Democrat and Republican lawmakers mulled their next move Saturday after leaving Washington for the Christmas holidays without reaching agreement on ...

Gazprom Hits Record High of Daily Gas Production Gazprom
Russia's Gazprom energy company has hit its record high of daily gas production �" 1.653 billion cubic meters, CEO of the Russian gas ...

Putin says democracy solution to Syria crisis
Russian President Vladimir Putin met with European leaders in Brussels to discuss energy, Syria and human rights, but reached no agreements - ...

Japan Launches WTO Dispute against China
Japan has launched a complaint against China at the World Trade Organisation to challenge antidumping duties levied by China on ...

Judge clears BP's $7.8 bn settlement in US oil spill
British oil giant BP won approval from a US federal judge of a $7.8 billion settlement with people and businesses who lost money and property due to ...

UN denies selling China apocalypse ark tickets
The United Nations has denied distributing tickets for an ark to save people from the apocalypse, it said on a Chinese social networking site ...

Cameron in Oman as BAE unveils $ 4 bn defense deal
British Prime Minister David Cameron visited Oman yesterday as Britain's defense giant BAE Systems announced a £2.5-billion ...

Iraqi finance minister's guards arrested for 'terrorism'
Nine of the Iraqi finance minister's guards are being held on terrorism charges, a judicial spokesman said yesterday, after the minister ...

PSY's 'Gangnam Style' reaches 1B views on YouTube
Viral star PSY has reached a new milestone on YouTube. The South Korean rapper's video for "Gangnam Style" has reached 1 billion views, ...

Big housing complex planned for Jeddah
Prince Mansour bin Miteb, municipal and rural affairs minister, has announced the construction of 5,000 housing units which will be completed ...

UAE- Tasweek starts $40m project in Marrakech
The foundation stone of the $40 million Marrakech Health Care City, in Marrakech, Morocco, a project by UAE-based Tasweek Real Estate ...

Saudi- Domestic air fares to go up 10%
Investors in the aviation sector expect a 10 percent increase in air ticket prices on domestic routes in the Kingdom following the new air ...

Libya urged to halt former leader's trial
Libya should suspend the trial of former interim leader Mustafa Abdel Jalil before a military court and stop civilian cases in such tribunals, ...

Dnata gets new business in UK market
Dnata on Friday announced the commencement of operations for two carriers who have recently entered the UK market. At Manchester ...

UAE- Anniversary sales of DDF reach $21m
Dubai Duty Free's 29th anniversary on December 20 has recorded daily sales of Dh76.91 million in the 24-hour period. A ...

Emirates NBD acquires BNP's Egyptian unit
Emirates NBD, one of the leading regional banks, said on Thursday that it reached an agreement to acquire the Egyptian unit of the largest ...

Saudi Govt to establish company to develop tourism in Kingdom
President of the Saudi Commission for Tourism and Antiquities Prince Sultan bin Salman said the government has plans to establish a new ...

Brazil footballers eye tiny Welsh team
Brazilian footballers are battling to play for tiny Welsh team Llanfairpwll FC after the team's name caught the imagination of the football-crazy ...

Kuwait- Woman fakes spouse's sickness, says needs KD 5,000 for his op
An Arab woman along with her seven-year-old daughter were arrested recently in Hawally for begging in cafés and commercial malls under the ...

UAE- Khansaheb to build Emirates Engine Overhaul Shop
Emirates, one of the world's fastest growing airlines, has announced the selection of Khansaheb Civil Engineering to build the Emirates Engine ...

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