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Sunday, June 23, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US dollar in best rally since 2009
 The dollar surged the most versus the yen since December 2009 as the Federal Reserve signalled a shift in monetary policy that sparked ...

Osborne: British economy 'leaving intensive care'
 Chancellor of the Exchequer George Osborne will claim the British economy is "leaving intensive care" when he unveils a fresh round of ...

Saudi- Retail sector next Nitaqat target
 The Ministry of Labor is currently devising a new initiative to nationalize the Kingdom's retail sector. The move is expected to generate ...

Saudi- It's a Friday-Saturday weekend
 A royal decree was issued yesterday changing the official Saudi weekend to Friday and Saturday, a move that will bring the Kingdom's working ...

Kuwait- Gunfire exchanged
 A Kuwaiti youth was arrested for the possession of illicit substances after he exchanged gunshots with one Bedoun in Saad Al-Abdullah ...

UAE- Family of injured victim 'threatened'
 The Sharjah Police on Sunday arrested 12 illegals, of African and Asian nationalities, for distributing fliers to passersby and pushing ...

Dubai beaches get global quality mark
 Dubai Municipality and the Environmental Centre for Arab Towns have jointly launched the Blue Flag Programme of the Foun-dation of ...

Japan's budget airlines hit rough air
 Japan's budget airlines have flown into turbulence with AirAsia's local carrier in danger of being grounded, but analysts say the ...

Bhutan's youth struggle in kingdom of happiness
It is known as "the last Shangri-La" -- a remote Himalayan nation, rich in natural beauty and Buddhist culture, where national happiness is ...

Kuwait- Officer caught with drugs and liquor
 Hawalli support patrol men arrested a Kuwaiti citizen working in the Interior Ministry with the rank of first sergeant for possessing drug ...

US and Kuwait trade exchange up 50 pct
  The US-Kuwait trade exchange has swelled from $10.5 billion in 2011 to $15.7 billion in 2012, up 50 percent, announced the Senior ...

Saudi- Alhokair units sign SR 4.6 bn financing deals
 Two units of Saudi Arabia's Fawaz Alhokair Group have signed Shariah-compliant financing facilities worth SR 4.6 billion to ...

Saudi- SAMA assets surge 6% to SR 2.57 trillion
 Reserve assets of Saudi Arabian Monetary Agency increased by 16 percent in May to SR 2.57 trillion, the highest in its record for ...

Saudi- Gulftainer acquires 51% stake in Gulf Stevedoring to manage Jeddah, Jubail ports
 Gulftainer, the Sharjah-based port management and logistics company, yesterday announced that it has acquired a 51 percent stake in Saudi ...

Saudis record 290 m YouTube views a day
  Saudis are recording an average of 290 million views a day of video clips on YouTube, the highest rate internationally, according to a local ...

Saudi- Four arrested in Riyadh for beating, robbing expatriates
 The police have arrested four persons on charges of waylaying and robbing two expatriates - an American and a Sudanese - of their money and ...

Saudi- Riyadh dry port to be privatized
 The Saudi Railway Organization is to develop the dry port in Riyadh which has been under great pressure recently due to increased ...

Saudi- Jeddah port crisis worsens; transport fees rise 200%
 The Jeddah Islamic Port is faced with a crisis of sorts, with container transportation cost rising by as much as 200 percent, thanks mainly ...

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