| Saudi- SEC awards SR 435 m contracts to Alstom Grid
 The Saudi Electricity Company has awarded two power contracts, worth SR 435 million to Alstom Grid. The projects, ... Saudi- 45 oil and gas transactions in MENA reached $ 402 billion in 2012 With an average of over four transactions announced globally every day in 2012, the oil and gas sector has remained one of the most active ... Time Warner eyes sale of some magazines: report
 Media giant Time Warner is in talks on the sale of some of its magazines to a large US publisher, the conglomerate's Fortune magazine reported ... Saudi- 81 m-euro substation deal for Siemens Siemens, the global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and healthcare ... Obama predicts US economic rebirth
 A day after vowing to ignite America's economic engine, President Barack Obama hit the factory floor Wednesday, to promise a rebound in job-creating ... Saudi- Ban on heavy vehicles prevents NWC from pumping surface water
 National Water Company officials say the ban on heavy vehicles to enter Jeddah during peak traffic hours prevents the company from pumping ... Germany seeks to limit ESM direct bank financing
Less than 80 billion euros of the eurozone's permanent bailout fund should be made directly available to ... Apple loses rights to iPhone trademark in Brazil
 Regulators in Brazil on Wednesday rejected Apple's application to register its iPhone trademark in the country, having already recognized a local ... OIC to establish financial network for Palestinians
 The Organization of Islamic Cooperation intends to establish a secure financial network to support the Palestinians, OIC Secretary-General ... Thomson Reuters to cut jobs in finance unit
 Global media group Thomson Reuters said on Wednesday that it would cut 2,500 jobs in its financial products division by the end of the year as part ... Societe Generale bank reports profits plunge in 2012
 French bank Societe Generale reported on Wednesday that net profit in 2012 plunged by two thirds owing to exceptional charges but said it had met all ... Saudi- Cement prices soar as trucks queue outside Yanbu factory for supply
 An estimated 500 trucks have been queuing outside a Yanbu cement factory for up to five days in an attempt to receive cement ... Sharp cuts will hurt recovery: US Treasury nominee
 Steep automatic spending cuts slated for March 1 could stall the US economic recovery, Jack Lew, the nominee for US Treasury secretary, told Congress ... Middle East on track for business travel boom in 2013> Corporate and meetings business in the Middle East has bounced back from the global economic crisis and looks set to achieve ... Rosneft signs Alaska gas field deal with ExxonMobil
 Rosneft signed Wednesday an agreement with ExxonMobil giving the the US super-major access to seven Arctic fields in exchange for the Russian firm's ... Peugeot unveils historic 5 bn euro loss for 2012
 Embattled French auto giant PSA Peugeot Citroen announced Wednesday a massive net loss of five billion euros for 2012, the worst ... UAE's Crescent Group places special focus on Russian expansion in 2013> The Crescent Group, parent company to Crescent Petroleum, the Middle East's oldest private oil and gas company, and Crescent ... Catholics voice hope for a different kind of pope
 A black pope, a youthful pope, an innovator pope: Catholic faithful still reeling from the news that Pope Benedict XVI is stepping down are voicing ... Saudi- Haia to enforce ban on men in lingerie shops next week
 The Commission for the Promotion of Virtue and Prevention of Vice will start next week to implement an agreement, signed with the ... Kuwaiti youth & a woman caught making love in front of a school The Hawalli police have arrested a Kuwaiti youth and an unidentified young woman for making love inside a parked car in front of a school in ... Saudi- American university professor found dead in apartment An American professor was found dead inside his apartment yesterday in Al Ahsa where he lectured at King Faisal University. The man was ... | 
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