MENAFN Summary- Daily Business News

Saudi Aramco plans to invest SR450b in 5 years State-owned Saudi Aramco will invest more than SR450 billion in oil and petrochemical projects over the ... UAE's Etisalat net profit surges, mobile users exceed 7.7m UAE's largest telecom services provider Emirates Telecommunication Company, or Etisalat, said on Sunday that its ... GM liquidator sues BMW Entity overseeing sale of some GM assets claims BMW reneged on commitment to buy gearboxes. Apple's new iPad needs FCC approval No Abstract E&Y: Globalization to resume in 2010 after temporary blip Ernst & Young and EIU report on implications for business of a changing economic landscape A report released today by ... Sales Price Index for Dubai residential properties increases 0.7% in Q4 2009 The 'Sales Price Index for Dubai' for residential properties has risen by 0.7 ... Saudi Arabia's real estate market likely to exceed SR82b The Kingdom's real estate market is likely to exceed SR82 billion during the next three years with expectations of the ... Should you bank on India's banks? Indian banks may have been spared some policy pain from the central bank, but they face concerns about higher ... Dubai sees Mossad hand in Al-Mabhouh's assassination Dubai police chief Lt. Gen. Dahi Khalfan Tamim said Sunday that he will not relent until the killers of top Hamas ... Crisis dents profits of Saudi ports The global economic crisis has substantially reduced the profits generated by Saudi ports, said a Saudi shipping ... Saudi minister: No need to worry about Al-Khurma fever Minister of Health Dr. Abdullah Al-Rabeeah assured the public that they should not be overly worried about the spread ... Kuwait- Ban sought on Pinoy domestics Several Filipino politicians have urged the Philippine government to impose a ban on the deployment of domestic ... Saudi Arabia- New online form for processing US visa applications Beginning Feb. 8, the US missions in the Kingdom will require a new consular form in order to process visa ... Linguists examine State of Union speech No Abstract Madonna invests in coconut water maker No Abstract Banker lives as homeless for a week No Abstract Abu Dhabi's UNB posts 19.7% drop in profit in 2009 Union National Bank's group profit fell 19.7 per cent to Dh1.158 billion in 2009 due to fair value changes ... UAE airlines outperform rivals in service quality Emirates and Etihad Airways have outperformed their rivals British Airways, Air France and Qatar Airways in a ... UK gears up to issue first corporate sukuk The UK government may be stalling on the issuance of a sovereign sukuk in the wholesale sterling market, but the ...       If you like this newsletter, help us fix your information: click here To unsubscribe click here, for help or feedback send to Admin Is this email going to your junk/bulk folder? Add noreply@menafn.com to your address book and *@menafn.com  to your safe list.   Articles in this newsletter are different than the ones in MENAFN's Arabic Daily Newsletter.

MENAFN Summary- Daily Business News

GCC rail project to cost $25b The much talked about Gulf Cooperation Council railway project, linking GCC member countries, is expected to ... Davos leaves questions over global bank rules push Conference attendees agree change is necessary, but not on the kind of change. European automaker recalls nearly 100,000 vehicles French auto maker says almost 100,000 vehicles made at Czech joint-venture plant with Toyota could have same ... Saudi Alsorayai to raise SR243m from IPO Saudi-based floor covering manufacturer Alsorayai Trading and Industrial Group will raise SR243 million <$64.8 ... Toyota: Avalon, Sequoia cars in ME not affected The Middle East Representative Office of Toyota Motor Corporation announced on Saturday that there are no ... UAE's Aramex eyes expansion as profit surges Aramex PJSC, the Middle East's biggest courier and logistics firm, said on Saturday that its fourth-quarter net ... Credit Suisse cuts Emaar, Aldar cumulative earnings forecast for 2009-2011 Credit Suisse has lowered its cumulative 2009 to 2011 earnings estimates for real estate developers Emaar ... Gandhi ashes committed to Indian Ocean No Abstract Rakeen, Harradine Golf to design Georgia project Rakeen, leading property developers and investors, has announced that it has teamed up with Harradine Golf from ... Entrepreneurship is on the rise in Saudi Arabia Entrepreneurship in Saudi Arabia is increasing according to the Saudi Fast Growth 100 index that was released at ... Kuwait- New labor law sent to Cabinet National Assembly Speaker Jassem Al-Khorafi has forwarded the new private sector labor law to the government after ... US to demand Al-Zindani's extradition The Spiritual Father to Osama Bin Laden has promised to support the al-Qaeda leader. Western sources in Washington ... Egypt, Ghana in Cup final Egypt and Ghana have advanced to the African Nations Cup final, maintaining their records as the tournament's most ... Maghreb countries suffer from similar problems The three main countries of the Arab Maghreb suffer from the same unemployment problems, concluded the ... Billionaire unveils underwater 'plane' No Abstract Couples who use more 'we,' 'us' happier No Abstract Many Saudis do not report cyber crimes Saudis generally do not complain when they fall victims to cyber crimes. "Most of the Saudis whose e-mails are ... Jeddah- Semester extension baffles many parents Elementary schools in Jeddah were left baffled on Saturday after receiving a Ministry of Education circular asking ... Dubai's DP World officially opens SPCT The world's fourth-largest container terminals operator, DP World, said its brand new Saigon Premier Container ...       If you like this newsletter, help us fix your information: click here To unsubscribe click here, for help or feedback send to Admin Is this email going to your junk/bulk folder? Add noreply@menafn.com to your address book and *@menafn.com  to your safe list.   Articles in this newsletter are different than the ones in MENAFN's Arabic Daily Newsletter.

MENAFN Summary- Daily Business News

Worst is over for banks in GCC The worst is over for banks in the Gulf Cooperation Council, or GCC, countries, a study said. According to a ... Mideast hotel occupancy drops 9.9% in 2009 Hotel occupancy and average daily room rates declined in the Middle East and Africa region in 2009, but the trend ... UAE's Etisalat not keen to issue bonds now Etisalat is currently not keen to pursue the proposal to issue $1.8 billion bond announced by it late last year, ... Saudi King calls for speedy disposal of court cases Courts will be allowed to issue a final verdict in cases against government departments that do not send ... Israel kills top Hamas commander in Dubai Israel assassinated a senior Hamas military commander in Dubai who played a major role in a Palestinian uprising in ... Blair defends decision to invade Iraq Former Prime Minister Tony Blair acknowledged Friday that Saddam Hussein didn't become a bigger threat after Sept. 11, ... Abu Dhabi to attract Dh45b new capital investments Existing and new companies to be set up in the next five years in Abu Dhabi are projected to make capital ... Obama backs Israel, sympathetic to Palestinians US President Barack Obama said on Thursday he would never waver from support for Israel's security but insisted ... Saudi Aramco chief: Peak oil behind us The head of Saudi Aramco said Thursday "peak oil" prices were a fear of the past. "The whole issue that came to the ... Five banks fail, bringing tally for 2010 to 14 The credit crunch continued to take its toll on the banking industry as regulators closed five U.S. banks, bringing ... Paulson ties Russia to Fannie-Freddie plot No Abstract U.S. GDP surges 5.7% on inventory slowdown The U.S. economy grows at the fastest pace in six years during the fourth quarter of 2009, even as consumer spending ... Deutsche Bank chief: Stop blame game The world Qatar- Calls for extending rent law Owners of affordable housing units have begun issuing notices to their tenants to vacate the premises as the rent ...       If you like this newsletter, help us fix your information: click here To unsubscribe click here, for help or feedback send to Admin Is this email going to your junk/bulk folder? Add noreply@menafn.com to your address book and *@menafn.com  to your safe list.   Articles in this newsletter are different than the ones in MENAFN's Arabic Daily Newsletter.

MENAFN Summary- Daily Business News

Dubai 2009 inflation at 4.06% The Inflation rate of 2009 is 4.06% compared to 2008. Education group obtained highest inflation rate at 18.60%, followed ... CS: Large provisions to hit 6 UAE banks' margins Leading investment bank Credit Suisse has predicted that earnings of the six national banks would be affected by ... Emirates NBD drops Standard & Poor's Emirates NBD, the largest banking group in the Middle East by assets, said on Wednesday that it would discontinue ... Kuwait- New labour bill rectified Kuwait's Parliament has rectified the errors found in Article 18 and 68 of the new private sector law to pave the way ... Middle East airlines defy worst ever traffic slump Middle East-based airlines recorded their fastest growth rate of 11.2 per cent in air passenger traffic in 2009, a ... Saudi Airport director denies beating up employee Abdul Fattah Atta, director of Prince Mohammed Airport in Madinah, denied on Wednesday press reports that he ... Text of president's State of the Union speech Following is the text of President Barack Obama Apple launches iPad tablet device The company puts an end to months of speculation, lifting the wraps on the iPad, a new touch-screen tablet computer. Toyota reportedly to add 1 million cars to recall Toyota is reportedly expanding its recall to another one million vehicles to replace floor mats that risk trapping ... Wednesday's biggest gaining and declining stocks MarketWatch Egyptians show true colors as Africa Cup fever hots up With the Africa Cup of Nations final approaching, passions are running high among the fans, but none are as high in ... Saudi Aramco turns to India for procurements Indian manufacturers and suppliers could be big winners as a Saudi Aramco procurement subsidiary opens an office in a ... Jordan forex reserves up Jordan's foreign currency reserves grew by 41.5 percent in 2009, the Central Bank of Jordan announced on ... Saudi Sama discontinues flying on PSO routes Sama Airlines has announced it will discontinue its Public Service Obligation flying as of Monday ... Burning smell sparks EgyptAir jet evacuation Passengers on an EgyptAir aircraft waiting to take off at King Abdulaziz International Airport were evacuated ... Indian engineers stranded in Saudi Arabia after firm cancels visas Twenty-two Indian engineers have been brought to the Kingdom by a Saudi company and then abandoned without jobs and ... Club or Country? Soccer World Cup revives tensions Lionel Messi is probably the top sportsman in the world right now --unless you ask fans in Argentina where the ... Teen girl rescued from Haiti's rubble No Abstract       If you like this newsletter, help us fix your information: click here To unsubscribe click here, for help or feedback send to Admin Is this email going to your junk/bulk folder? Add noreply@menafn.com to your address book and *@menafn.com  to your safe list.   Articles in this newsletter are different than the ones in MENAFN's Arabic Daily Newsletter.

MENAFN Summary- Daily Business News

Saudi minister: Oil at $70-80 won't hamper economy Saudi Arabia reiterated on Tuesday oil prices between $70 and $80 a barrel are acceptable to all, saying this price ... IMF: UAE may grow 1% The UAE may emerge out of recession this year but the pace of economic growth is expected to be flat, a top ... Saudi inflation climbs to 4.3% Annual inflation in Saudi Arabia climbed to 4.3 percent in December, from 4.0 percent in the previous month, the Saudi ... Toyota suspends sales of 8 models No Abstract Saab-Spyker deal takes 'exotic' to the max Saab, the endangered Swedish car company General Motors has been trying to unload for months, has finally found a ... Saudi Arabia- Mitsui, Nabaa mull $20b plant Japan's Mitsui & Co. and Saudi Arabia's Nabaa Industrial Development and Investment Co. are considering building a $20 ... It's official: 'Avatar' is king of the world "Avatar" has made it official: It now is the No. 1 worldwide hit of all time, box-office watchers say. Minister: UAE committed to Pakistan's progress, security UAE Foreign Minister Shaikh Abdullah bin Zayed Al Nahyan has affirmed that the UAE is committed to advance efforts ... Police: Man caught breaking into jail No Abstract Kuwait hits out at report on human rights in state The Undersecretary of the Ministry of Foreign Affairs Khalid Al-Jarallah described the report against human rights in ... Millionaire vanishes: Family's public help plea No Abstract Survey: Trust in government, banks and media is higher in the UAE Trust in government in the UAE is among the highest in the world at 67 per cent, a survey shows. The Global ... McDonald's sues teen over 'McFest' No Abstract Saudi Arabia plans to amend status of expats' kids The Directorate General of Passports has formed a committee to issue residence permits to the children of expatriates ... Jeddah- Mining exhibitors threaten legal action over fiasco The final day of the Mena-Ex Mining Forum and Exhibition in Jeddah saw exhibition stands closing early and angry ... Australians keen to send camels to Saudi Arabia Australians have welcomed the proposal to send their wild camels to Saudi camel-lovers instead of shooting them. At ... Oman- No ban on sheesha cafes Even as the Muscat Municipality recently decided to ban smoking in public places, citizens are confused as to ...       If you like this newsletter, help us fix your information: click here To unsubscribe click here, for help or feedback send to Admin Is this email going to your junk/bulk folder? Add noreply@menafn.com to your address book and *@menafn.com  to your safe list.   Articles in this newsletter are different than the ones in MENAFN's Arabic Daily Newsletter.

MENAFN Summary- Daily Business News

Dubai Holding drops S&P as its rating agency Dubai Holding Commercial Operations Group on Monday dropped Standard & Poor's as its rating company, and ... MENA to record strong economic growth Equities in Middle East and North Africa region are expected to grow significantly this year because of ... Iraq seals oil deal with Exxon Mobil, Shell group Iraq has signed a final deal with U.S. and European oil giants Exxon Mobil Corp. and Royal Dutch Shell PLC to ... Kuwait cabinet decides to privatize national airlines The cabinet tentatively decided to privatize the national airlines, the Kuwait Airways Corporation, KUNA ... Why GCC must use one coin? GCC countries have greater economic homogeneity than European Union and must seriously consider monetary union, ... Arab investors to pounce on prime London real estate London's real estate market may have suffered a rollercoaster year in 2009, but it has been a year of two markets. Rents ... Capt. Bernanke sinks the U.S.S. Titanic Let WHO: H1N1 is a not a 'fake' pandemic No Abstract Picasso work torn by falling museum patron No Abstract Indians will need police clearance for Saudi visas No Abstract Saudi Arabia calls off mining conference without warning Saudi Arabia's high profile international mining conference was canceled without warning on Monday. Yet its ... Dubai's DP World expects lower 2009 profits, better 2010 DP World, the world's fourth-largest container terminal operators, said on Monday that its 2009 earnings will be ... Iraq hangs Chemical Ali - Saddam's henchman Saddam Hussein's cousin and henchman "Chemical Ali" was executed on Monday just days after he was sentenced to ... Dubai to impose curbs on outdoor advertising Dubai's main roads will be stripped off advertisement hoardings larger than 10x30 metres, according to new ... Dubai's Al Habtoor seeks to buy 5-star hotels in Europe Dubai's Al Habtoor Group is seeking opportunities to buy at least two 5-star hotels in London and Paris, and plans ...       If you like this newsletter, help us fix your information: click here To unsubscribe click here, for help or feedback send to Admin Is this email going to your junk/bulk folder? Add noreply@menafn.com to your address book and *@menafn.com  to your safe list.   Articles in this newsletter are different than the ones in MENAFN's Arabic Daily Newsletter.

MENAFN Summary- Daily Business News

UAE to issue first sovereign bond by year-end The UAE is planning to launch its first sovereign bond by year-end or early next year, a top official said. ... Saudi minister: Economy still needs stimulus Finance Minister Ibrahim Al-Assaf said Sunday the Kingdom will continue to pump money into the economy even as it ... S&P puts Bahrain's GFH on creditwatch Standard & Poor's has lowered long-term counterparty credit rating assigned to Gulf Finance House , the ... Dubai Holding pays about $100m in bond payments Dubai Holding Commercial Operations Group , a Dubai Holding unit, confirmed on Sunday the scheduled ... Ethiopian Airlines plane crashes into sea No Abstract Bin Laden warns US of more attacks No Abstract Fox: 'Avatar' beats 'Titanic' record No Abstract Memon Group unveils new brand identity Memon Group of Companies, a multibillion dollar international business conglomerate with interests in real estate ... Women in Gulf more likely to die in hospital of heart attacks UAE Heart Doctors Call for Better Cardiac Care for Women as This Year's Arab Health Congress Kicks-off Dubai, United ... VIVA, the new telecom company in Bahrain STC Group, the leading Telecommunications Company in the Middle East which has been able to attain the third license for ... UAE scores high in economic freedom, Intl Survey > �Economic freedom - ease of doing business - improved further in the UAE last year, as its overall ... The biggest mistake you can make in picking a fund Most investors look at a fund manager Simple steps to a more secure retirement Bitten by the bear one too many times and uncertain about their jobs and the economy, investors have avoided stocks ... Netanyahu: Israel to occupy parts of West Bank for eternity Israel's prime minister declared Sunday that his country would retain parts of the West Bank forever � a statement ... Non-Saudi victims of floods being discriminated against Victims of the Nov. 25 floods have accused the Civil Defense of discriminating against non-Saudis by providing ... UAE: Human rights 2010 report factually incorrect The UAE said that a report by an international rights watchdog was "unbalanced" and once again a ... Kaspersky Lab issues 2010 cyberthreat forecast In 2008, the company's analysts forecast a rise in the number of global epidemics. Unfortunately, that forecast proved to ...       If you like this newsletter, help us fix your information: click here To unsubscribe click here, for help or feedback send to Admin Is this email going to your junk/bulk folder? Add noreply@menafn.com to your address book and *@menafn.com  to your safe list.   Articles in this newsletter are different than the ones in MENAFN's Arabic Daily Newsletter.