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Sunday, May 19, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi banks deposits grow to SR 1.1 trillion
A study conducted by the economic unit at the newspaper on the volume of call deposits and saving in Saudi banks listed in stock markets found ...

Kuwait deports hundreds of expatriates for traffic offenses
Kuwait has deported hundreds of expats for traffic offenses in the past month, a report said yesterday, drawing condemnation from a human ...

Bahrain nonoil trade grows 20%
Bahrain's real GDP is estimated to have expanded 3.9 percent in 2012 from the 1.9 percent growth seen in 2011. Even as the oil sector ...

Boeing marks Saudi milestone with delivery of new plane
 Boeing has delivered a 777-300ER plane to Saudia, marking the latest milestone in its longstanding relationship with the ...

USA- Bernanke forecasts gains from computer technology
Federal Reserve Chairman Ben Bernanke said pessimists forecasting that the economy will not reap sizable benefits from the computer ...

Yahoo agrees to acquire Tumblr for USD1.1b: Report
The board of Yahoo Inc is said to have agreed the purchase of Tumblr, the blogging and social networking site, reported Reuters citing the Wall Street ...

Bouteflika 'in deep coma'
Three weeks after being rushed to hospital in Paris, Algerian President Abdelaziz Bouteflika has disappeared from sight, leaving behind a ...

GCC rails at Iranian threats to Bahrain
The Gulf Cooperation Council yesterday condemned Iranian threats to Bahrain as un-Islamic and asked Tehran to reconsider its approach to ...

Saudi- New Indian passports 'rejected' by local authorities
Several hundreds of Indian expatriates are facing problems with newly issued passports by Indian diplomatic missions in Saudi Arabia. Saudi ...

GCC is 13th largest world economy, says Bahraini Min.
> Gulf hydrocarbon producers emerged as the 13th most powerful economy in the world in 2011 while strong oil prices allowed them ...

Rafsanjani bid for Iran's presidency elicits hope
Persians are known for their patience, a quality that has rigorously been cultivated through the centuries-old art of rug making. Not only does ...

Tax agency scandal thrusts Tea Party back into spotlight
LEFT adrift in the wake of President Barack Obama's November election victory, the anti-tax Tea Party is predicting renewed popularity and ...

Saudi- Al-Haqbani: Illegals can return on new visas
Expats who leave the Kingdom on an exit visa will be able to return the moment they get a new work visa, said Deputy Minister of Labor Mufarrej ...

Saudi- Maaden's plant maintenance to hit second quarter results
Maaden Phosphate Co. has restarted its diammonium phosphate plant in Saudi Arabia after repairing the ammonia plant that feeds it, ...

Saudi March oil production down to 9.136m bpd
According to the Joint Oil Data Initiative , Saudi oil output fell by 14,000 barrels per day in March from a month before, reaching 9.136 ...

Is Islamic liberalism the answer?
It seems that the Liberal / Conservative tug of war is on the rise again over the disputable subject of Saudi liberalism, as a group of young ...

Iraq needs deep change to avoid sectarian war, says paper
> What Iraq needs desperately is a system of more decentralised governance, where Baghdad is not calling all the shots - and ...

Thailand's GDP contracts 2.2% in Q1
Thailand's National Economic and Social Development Board stated that the country's gross domestic product contracted a seasonally adjusted ...

Ending negative perceptions of Saudis
It is sadly not really surprising these days to learn that Muslims in western countries are regarded with unwarranted suspicion and treated ...

Saudi women take the wheel in truck-building industry
Thirteen Saudi women have been trained to assemble trucks for Mercedes-Benz and its Jeddah partner, marking a breakthrough in having women work ...

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