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Sunday, February 3, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- GACA plans to establish a holding company for airports privatization
The General Authority for Civil Aviation plans to establish a holding company for civil aviation. The move aims to ease efforts to ...

Fiat's CEO expects merger with Chrysler to complete next yr
Fiat CEO, Sergio Marchionne, stated that the company's merger with US Chrysler is forecasted to complete next year, promising to keep the entire Italian ...

Oman's Sohar Industrial Port to be expanded
Oman plans to expand the waterfront area at Sohar Industrial Port to meet growing demand from potential investors, Oman Daily Observer reported. Sohar ...

Saudi- 80,000 beneficiaries leave Hafiz after finding jobs
Labor Minister Adel Fakeih said 80,000 beneficiaries have already left the Hafiz scheme after they found jobs. The Hafiz is a scheme ...

Food prices could rise in 2013 as US drought continues
Global food prices eased slightly in the second half of 2012. Good harvests in the southern hemisphere, particularly soy and corn in Brazil, ...

Etihad Airways to install Airbus A330 ailerons manufactured in the UAE
> Senior representatives from Strata Manufacturing PJSC , the Al Ain based aerostructures facility wholly owned by ...

Emirates steel expands product portfolio to include 40mm rebar
> Emirates Steel, the only integrated steel plant in the UAE utilizing the latest technology to produce high quality rebar, wire ...

UAE- Waha Capital reports AED 214.44 million net profit for full-year 2012
> Waha Capital PJSC, the diversified investment company based in Abu Dhabi , today reported preliminary financial ...

Iraq's Asiacell completes USD1.35b IPO
Iraqi mobile operator Asiacell has completed a USD1.35 billion public offering, boosting the country's stock exchange growth, Reuters reported. Taha ...

UAE to cut prices for over 6,600 medicine types
The UAE cabinet has approved new rules that will help cut prices of more than 6,619 types of imported medicines by up to 40 percent, the official news ...

Gulf banks major acquirers in MENA
Banks in the Gulf Cooperation Council countries are becoming active buyers again of stakes in banks in the Middle East and North Africa ...

Private schools blame Saudization for their financial woes
About 13 private schools in Jeddah laid off staff and students after experiencing significant financial hardships following the decision by the ...

Japanese Jan monetary base grows to USD1.42tr: CB
The Bank of Japan stated that in January, the country's monetary base rose by 10.9 percent from a year before to USD1.420 trillion, reported Xinhua ...

Judgment of laziness misleading
A NEW STUDY by the World Health Organization suggests that Saudis are lazy people. That sounds like a general statement unsuited to such an ...

Saudi woman writer wins online defamation complaint case
Novelist and journalist Samar Al-Muqren has won a ruling after filing a complaint against a writer and website owners for online defamation, ...

Saudi- Traffic police given authority to use force against violators
The Ministry of Interior has authorized traffic departments and field traffic policemen across the Kingdom to use force against severe traffic ...

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