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Saturday, February 2, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi petchem sector revenue exceeds SR 310 bn
Saudi Arabia is the most prominent producer in the global petrochemical industry. The Kingdom holds approximately one-fifth of the world's ...

Saudi Kingdom Completes Biggest Solar Plant
Saudi Arabia has completed its biggest ground-mounted photovoltaic plant as the Kingdom seeks to generate a third of its electricity ...

Russia's Rosneft Signs $15 Billion Contract on Oil Supplies
Russia's oil major Rosneft has signed a contract on oil deliveries to a refinery in Plock owned by PKN Orlen, the company said in a ...

Eurozone Inflation Expected to Remain at 2.2%
Annual inflation in the 17-member eurozone was expected to have held steady at 2.2 % for the third consecutive month in January, ...

Back again to oil market stability
The recent attack on the Algerian gas plant has highlighted one major issue facing the oil industry in years to come: Uncertainty. And that ...

Iran flexes muscles with locally made fighter jet
Iran unveiled yesterday its newest combat jet, a domestically manufactured fighter-bomber that military officials claim can evade radar. ...

Saudi- Tadawul shows balmy gains
The Saudi stock market sustained its upward march, closing the third consecutive day with balmy gains. The Tadawul All-Share Index ...

Alwaleed, Bill Gates discuss joint projects at The Savoy
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company , met with Bill Gates, co-founder and chairman of Microsoft and CEO, ...

Moody's lowers Croatia's credit rating to Ba1, outlook stable
Moody's rating agency lowered the credit rating of Croatia from Baa3 to Ba1, however, the outlook was changed from negative to stable, reported Xinhua ...

Makkah businessmen urged to consider market requirements
Seventy percent of small- and medium-size businesses established in Makkah in the past three years have already gone under, according to the ...

Thousands of Twitter users in Saudi Arabia rush to change passwords
The one tweet that Twitter users do not want to hear about is hacking. And that is exactly what they woke up to yesterday. Twitter ...

UAE- Etihad, Jet near stake deal after meeting Indian ministers
Etihad Airways and Jet Airways Limited moved closer to an investment deal that will make the Gulf carrier the first foreign ...

U.S. Consumer Sentiment Improves on Fiscal Deal Optimism
U.S. consumer sentiment unexpectedly improved in January as consumers believed Washington’s deal to avert the fiscal-cliff ...

DFM lists two govt issues worth $1.25b
Dubai Financial Market announced the listing of two debt issues for the Government of Dubai with a total value of $1.250 billion with ...

EU Unemployment Rate Remains At 11.7% In December
EU data released Friday showed that unemployment in the Eurozone region remained still at 11.7% in December 2012 for the third ...

US needs to make allies, not kill lists
Viewers of Thursday's confirmation hearing of Defense Secretary nominee Chuck Hagel can be forgiven for thinking they were watching a years-old ...

Saudi- Village south of Qunfudah fights off baboon invasion
A minor war has broken out south of Qunfudah in the village of Kiad where large groups of hungry baboons from nearby valleys are attacking ...

Will India's rape committee proposals see the light of day?
As expected, the Indian government failed to resist itself from playing to the gallery on the question of evolving a strong anti-rape statute ...

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