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Sunday, January 20, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Rents expected to fall 40% over three years
Real estate businessmen in Jeddah believe that the spiraling trend of house rents will be reversed and rent rates will fall by 40 percent over ...

Oman slips to lowest ranking in 15 months
For the first time in 15 months, Oman has slipped out of the top 100 in the FIFA rankings. According to the latest standings issued by the ...

Makkah real estate industry 'in chaos'
Every city and town in the Kingdom is grappling with the housing problem. It is beyond the means of an ordinary citizen to buy a plot or house ...

Kuwait's 8-Month Budget Surplus Jumps to KD14.7 Billion
Kuwait's budget surplus for the first eight months of fiscal year 2012/2013 reached KD14.7bln ...

China's Fixed Asset Investment Up 20.6% in 2012
China's fixed asset investment rose 20.6% year on year to 36.48 trillion yuan in 2012, the National Bureau of ...

UAE- Licences issued by DED rises 6% in Dec.
The Dubai Department of Economic Development on Saturday said it issued 1,372 licences for various types of businesses in Dubai ...

UK's Dec retail sales down 0.1%
UK's Office for National Statistics stated that in the month of December, the country's retail sales dipped by 0.1 percent from November, in terms of ...

UAE- Exhibition space sold out at Idex 2013
The International Defence Exhibition and Conference on Saturday announced exhibitor space for Idex has been fully booked. The early ...

Egypt updating economy plan to secure $4.8b loan from IMF
Egypt will include the latest economic developments and political feasibility in its economic plan to secure a $4.8 billion loan from the ...

Saudi- Tadawul index moves upward
The Tadawul All-Share Index inched up to close at 7,050.38 points yesterday. It earlier slid into red territory and subsequently ...

Saudi SABIC Q4 net profit up 11.3%, full-year down 15.5%
Saudi petrochemical giant SABIC on Saturday announced fourth quarter net profits of 5.83 billion riyals , an 11.3 percent increase ...

Bleak winter for Britain's high-street retailers
Four big British high-street retailers had to call in administrators this winter as cash-strapped, web-literate consumers proved unforgiving of ...

S. Korea's Hyundai wins $1.1 bln order from Norway
Hyundai Heavy Industries said Sunday it has won a $1.1 billion order from Norway's Statoil ASA to install a topside facility on a spar hull being ...

Secret agent man

When friends askyou how you spent your last holiday, there's one travel package being offered that is sure to get their jaws ...

UAE- Man burnt to death after car crash
A UAE national was burnt to death after a horrific car accident on Saturday - which left the car totally gutted after it caught ...

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