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Thursday, July 11, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Qatar plans to invest $200b in construction projects
Qatar plans to spend $200 billion in construction projects over nine years, including $140 billion in transportation infrastructure, as it ...

ANB posts $ 372.4 m net profit in first half
�Arab National Bank reported a net profit of $ 372.4 million for the first six months of 2013, compared to $ 366.3 million for the same ...

Kuwait banking outlook stable
�The outlook for Kuwait's banking system remains stable, unchanged since 2011, says Moody's Investors Service in a new report <"Banking System ...

Abu Dhabi hotel guest nights up 22.8% to 2 million in Q1
�Abu Dhabi hotels have hosted a total of 2.1 million guest nights in the first quarter of 2013, an increase of 22.8 percent compared to the ...

Indians remember telegram heyday as service stops
Sixty-six years ago, Santosh Sharma saw her mother sell gold bangles to feed and clothe her family of six and then dispatch telegrams to her brothers ...

Memories vivid at Iraq torture centre turned museum
Kamiran Aziz Ali grimaces and leans forward, his hands behind his back, re-enacting the moment in January 1990 when Saddam Hussein's henchmen flung ...

BoJ leaves monetary policy unchanged
Japan's central bank on Thursday left its vast monetary easing programme unchanged and boosted its assessment of the economy, using the word ...

Brazil hikes key lending rate by 0.5 percent
Brazil's Central Bank hiked its key lending rate by 0.5 percent -- to 8.5 percent -- against a background of rising inflation and anemic economic ...

Long race to danger for Mongolia child jockeys
Just before little Baasanjav Lkhagvadorj was lifted onto a horse for a race across Mongolia's steppe last week, he asked his father to bless him with ...

Saudi imports jump 19% to SR 587 billion
�The Customs Department said yesterday that it made SR 22.25 billion in revenues last year, 13.5 percent more than the revenue of 2011. Tariff ...

Mercedes S-Class all set for Mideast launch
pinnacle of the Mercedes-Benz promise to deliver the best or nothing in luxury automotive development has arrived in the region, and is set to ...

Argentina sticks to its 4.4% growth rate estimates for 2013
The Argentine government said that it expects its economy to expand by 4.4 percent in 2013, Reuters reported. The forecast, unchanged from the outlook ...

Asian stocks gained in today`s trades alongside weakened dollar
Asian stocks inclined today and the MSCI Asia Pacific index jumped 0.8% in Tokyo, which is the highest close since June 4. This came along ...

Togo delays parliamentary election
�LOME, Togo: Togo's government announced that the legislative election due to be held July 21 will now take place July 25, a delay meant to ...

In Pakistan, army adamant on fighting the other Taleban
�KALAM, Pakistan: In the past few years, Pakistan's Swat valley has been occupied by insurgents, undergone a bruising counter-offensive by the ...

Jordan military court postpones decision on Abu Qatada's bail
�AMMAN: A military court yesterday postponed until next week a bail application by Muslim cleric Abu Qatada, who faces terror charges in Jordan ...

Sudan's former spy chief facing coup charge freed
�KHARTOUM: The former chief of Sudan's powerful intelligence service, who faced a possible death sentence for his alleged role in a coup plot, ...

Blaze damages landmark Paris mansion owned by Qataris
�PARIS: The Hotel Lambert mansion in central Paris, a 17th-century architectural jewel with a rich history, was damaged in a major fire ...

Two held after 15 asylum seekers found on British ferry
� British police said they had arrested two people yesterday after 15 asylum seekers were found hidden in a tanker on board a ferry at the ...

Kuwait- Egyptian duo shot, critical in quarrel with citizen
Two Egyptians suffered serious injuries when a Kuwaiti fired at them during a quarrel in Abbasiya. Securitymen and paramedics rushed to the ...

Patrol officers assault Kuwaiti man
Two military officers of ranks 'Sergeant Major' and 'Vice Corporal' working at the Ministry of Interior were arrested recently for assaulting ...

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