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Wednesday, January 9, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US oil output to soar to 26-year high in 2014
US oil production will jump 23 percent over the next two years to a quarter-century high by 2014, reducing demand for foreign supplies from the ...

Saudi- Foreign workers expected to open 4 m new bank accounts
.Saudi banks have completed processes to receive around 4 million requests from expatriates working in the private sector to open new bank ...

Kuwait- Inflation to drop as cbanks remain in control
KFH-Research expected in a report it had issued that inflation rates will continue to drop in parallel with the slowdown in economy activities ...

Who rules Egypt?
Neither imams nor members of the Muslim Brotherhood and Salafist movements would be able to protect the Egyptian presidency from the wrath of ...

ECB to keep powder dry on rates despite jobless spike
The European Central Bank will likely keep rates at an all-time low at its first meeting of the year on Thursday, analysts said, despite record high ...

UAE Banks seek 60% LTV limit
Banks are expected to submit their proposals to the UAE Central Bank today regarding the recent controversial regulation on mortgage ...

Americans less healthy than others
Americans are in worse health, die earlier and suffer from more disease than residents of other wealthy nations, according to a new study out ...

US National Cathedral opens doors to same-sex weddings
The Washington National Cathedral, a focal point of Christian worship in the United States, said Wednesday that, effective immediately, it will ...

TAQA says will buy half of US wind farm from EDF
The state-owned Abu Dhabi energy group TAQA said on Wednesday that it has agreed to buy half of a large US wind farm from a subsidiary of French ...

Cyber attacks threaten 69% of Saudi firms
 Computer security software corporation Symantec has revealed to Al-Eqtisadiah newspaper that 69 percent of Saudi companies cannot cope with ...

AIG refuses to join lawsuit against US government
The board of giant insurer AIG decided Wednesday not to join a private shareholder lawsuit against the US government over the $182 billion rescue of ...

Saudi- SR 290 mIllion in contracts to boost Jubail infrastructure projects
The Royal Commission for Jubail and Yanbu has signed two contracts worth SR 290 million for the development of infrastructure projects ...

Syria coalition proposes transition govt; Brahimi sees Assad excluded in peace plan
A core Syrian opposition group is proposing that the leading National Coalition set up a transitional government in areas outside regime ...

UAE- Oil outlook is moderately optimistic
UAE Energy Minister Mohammed bin Dha'en Al Hamili on Wednesday attended the opening session of the 4th Gulf Intelligence UAE Energy Forum ...

Mursi gets invitation to attend Riyadh economic summit
.Custodian of the Two Holy Mosques King Abdullah yesterday sent a message to Egyptian President Muhammad Mursi inviting him to attend the ...

Saudi- Lankan maid executed for murder
Sri Lankan housemaid Rizana Nafeek,who was convicted of killing a baby in her care, was executed on Wednesday in Dawadmi, a city located some ...

ME carriers' Nov passenger traffic up 10.5%
The International Air Transport Association's director general and CEO, Tony Tyler, stated that in November 2012, carriers in the Middle East posted ...

In Argentina, tango soothes mentally ill
As the sound of tango filled the room, the students chose partners, held them close and gingerly launched into the intricate steps of Argentina's ...

40 years of family rule is 'too long': Brahimi
Syrians believe that 40 years of Assad family rule is "too long", the international mediator for Syria said in an interview aired ...

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