MENAFN Summary- Daily Business News

GCC expects to grow by 3.5% in 2010 The Gulf Cooperation Council as an economic region is expected to grow at a pace of 3.5 per cent this year, ... Prudential to buy AIG's Asia life business: WSJ TOKYO -- American International Group Inc. neared an agreement late Sunday to sell its Asian ... Dubai's hotel industry recovery by year-end The hotel industry in Dubai will recover by the end of this year as tourism picks up after major economies in the ... UAE to have third internet provider in 2011 Commercial and government entities in the UAE can look forward to enjoying the services of a third internet ... ME construction sector to see 3.5% annual growth rate over next 5yrs More project management expertise is needed to sustain trillion-dollar project-driven developments across the MENA ... What budget 2010 means for India's economy When you expect nothing, even a cup of tea could create atmosphere of a party. Finance minister Pranab Mukherjee's ... Don't try these improvement projects at home Eager to save money, homeowners are more willing to get their hands dirty with home-improvement projects these days. ... Three reasons the euro could fall more in March Unprecedented times call for unconventional measures, writes Jan Lambregts. Police: Hamas leader drugged, suffocated Police: Hamas leader drugged, suffocatedDUBAI, United Arab Emirates, Feb 28, 2010 -- Suspected Mossad agents injected ... Executive says he was ready to kill Madoff Executive says he was ready to kill MadoffBOSTON, Feb 28, 2010 -- The Boston man who served as a whistle-blower in the ... Jordan- Income tax revenues to drop in 2010 Income tax revenues for 2010 are expected to drop by at least JD100 million, Minister of Finance Mohammad Abu ... Arabtec extends due diligence date Abu Dhabi-based Aabar Investments and Dubai's Arabtec Holding have agreed to extend the due diligence process till ... DIFC: More listings, mergers likely in next 2yrs Mergers, acquisitions and new listings in the Middle East and North Africa are likely to resurge in the next ... Bank of China opens office in Dubai Bank of China Ltd opens its representative office in Dubai and termed it one of the strategic steps of the ... Football- Jordan loses to UAE in final Jordan lost 1-0 to UAE in Abu Dhabi in the final of the 3rd West Asian Women's Football Championship on Sunday. ... S&P discusses support for Eurozone members experiencing difficulties In a new Credit FAQ report published today, titled "S&P Discusses Issues Of Support For Eurozone Members Experiencing ... IMF considers plan to offer nations money in crises The International Monetary Fund is considering a new multibillion dollar lending arrangement it would deploy ... US banks veto socialist pay' in secret talks America''s top bankers quashed attempts by their British counterparts to persuade the industry to bring down ...       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 business index shows recovery on track There is a broad improvement in Saudi business sentiments indicting that economic recovery is on track. Some of the ... UAE- Unified fees for customs-related services to start tomorrow The Federal Customs Authority, or FCA, will tomorrow commence levying fees for new services as per the unified ... Fannie Mae reports $72 billion 2009 loss Fannie Mae reports $72 billion 2009 lossWASHINGTON, Feb 27, 2010 -- Fannie Mae reported a $72 billion net loss for 2009 ... Chile quake among biggest this century Chile quake among biggest this centuryRESTON, Va., Feb 27, 2010 -- The U.S. Geological Survey says the 8.8 magnitude ... Orange Jordan signs strategic agreement with MBC Group Orange Jordan signed a strategic exclusivity agreement with MBC Group for the first time in Jordan, through which ... Online ad market in Arab world set for big growth The online advertising market is all set to grow substantially in the Arab world during the next five years. The ... Dubai police chief: Mabhuh killers to be found in Israel Most of the 26 people so far linked to the murder of a top Hamas commander are to be found in Israel, Agence ... UAE- Mobile radiations are no more harmful Finally, there is a product in UAE that can protect people against high frequency and electromagnetic radiations ... Qatari PM: Lusail City will create 170,000 jobs The upcoming Lusail City, when completed, will help create around 170,000 jobs. The Prime Minister and Foreign ... Indian PM on historic visit to Saudi Arabia The welcoming delegation included Crown Prince Sultan, deputy premier and minister of defense and aviation, Interior ... Etisalat exceeds 100 million subscribers Etisalat announced that its subscriber base has exceeded 100 million subscribers across its 18 markets in the Middle East, ... British journalist warns of Israeli plot to draw US into war with Iran A famous British journalist and author has warned that Israel wants to draw Washington into a war with Iran. ... Buffett calls out financial leaders Warren Buffett says big-bank bosses should have paid a steeper price for their failures. Lanka travel ban on Saudis lifted Lanka travel ban on Saudis liftedRIYADH, Feb 25, 2010 -- Saudi Arabia has ... Site lists 'unfortunate' names of Britons Site lists unfortunate names of BritonsLONDON, Feb 26, 2010 -- A British parenting Web site said its research uncovered ... Actor Carrey welcomes birth of grandson Actor Carrey welcomes birth of grandsonLOS ANGELES, Feb 27, 2010 -- U.S. actor Jim Carrey says he became a grandfather ... UAE's Etisalat extends reach to western countries Emirates Telecommunication Corporateion Etisalat on Saturday announced an agreement with Global Crossing to ... Football- Jordan to play UAE for West Asian women's title Jordan will play host UAE in the final of the 3rd West Asian Women's Football Championship which concludes in Abu ... Today: India, Pak hockey blockbuster Today: India, Pak hockey blockbusterNEW DELHI, Feb 28, 2010 -- For ...       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

IMF chief proposes new reserve currency IMF chief proposes new reserve currencyWASHINGTON, Feb 26, 2010 -- International Monetary Fund Managing Director ... Saudi mortgage finance law to be enacted soon Although the mortgage industry in Saudi Arabia is nascent and a mortgage law has yet to be enacted, the Kingdom ... Saudi Arabia- New deputy chief of intelligence Custodian of the Two Holy Mosques King Abdullah has appointed Prince Abdul Aziz bin Bandar as deputy chief of the ... U.K., Argentina in oil flap over Falklands New exploration in South Atlantic chain may renew dispute between U.K. and Argentina over ownership of the remote ... An iPad killer from India? A new round of pad computers with various features all missing from Apple Inc.s iPad is coming, writes John C. ... Saudi Arabia no longer on US copyright watch list The Office of the United States Trade Representative on Thursday acknowledged Saudi Arabia's progress in the ... Jordan: Only 5% of citizens to be affected by blood fee Five per cent of Jordanians will be affected by a recent decision imposing fees on blood units, a senior health ... Jordan will not question Iraqi voters' residency status The government on Thursday stressed that Iraqis residing in the Kingdom with expired residencies will not be ... Justice asked to probe absent Bush e-mails Justice asked to probe absent Bush e-mailsWASHINGTON, Feb 26, 2010 -- Democrats and watchdog groups called on the Justice ... 1.5 million follow 'cat' on Twitter 1.5 million follow cat on TwitterWALTHAM, Mass., Feb 26, 2010 -- A Massachusetts man said the Twitter account he opened ... Qatar Exchange to launch new products The Qatar Exchange has plans to introduce new products like sukuks, bonds, Exchange-Traded Funds , ... Indian PM allays Arab concern Indian Prime Minister Manmohan Singh has said that Arab concern about growing Indo-Israeli defense cooperation is ... Shovarma can add more flab than burger Arab fast food contains more calories than American fast food, according to the head of the food monitoring unit ... Indian businessmen welcome budget Indian businessmen and professionals in the UAE welcomed budget proposals made by Finance Minister Pranab Mukerjee ... Islamists urge gov't to secure release of Jordanians in Saudi The Islamist movement has called on the government to lobby for the release of Jordanian prisoners held in Saudi ...       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 official: No strategic company on sale Dubai never negotiated sale of any strategic company to raise funds needed to pay off debts, Shaikh Ahmed bin ... I'm no socialist, Obama tells CEOs President Barack Obama tells business leaders that hes no socialist plotting a government takeover of the economy, ... GM to shutter Hummer brand after deal breaks down General Motors says it will shut down the stranded brand after its sale to Chinas Sichuan Tengzhong Heavy Industrial ... Toyota president apologizes, vows diligence SAN FRANCISCO - Toyotas president, in a performance watched closely around the world, offered ... Abu Dhabi Airport traffic surges Abu Dhabi International Airport, one of the busiest airports in the region, recorded a double-digit increase of ... UAE's Etisalat starts Favourite Country Plan Etisalat announced the introduction of the Favourite Country Plan for businesses, offering an additional 20 per ... Saudi non-oil exports rise by 17% The value of Saudi non-oil exports in December, 2009, totaled SR 10,137 million, showing a rise of 17% as ... The Top 10 places to retire What are the hottest places to retire in 2010? Here are the Top 10, plus two bonus towns to consider. Police identify 15 new faces in Hamas case Dubai Police on Wednesday released a new list of 15 people, including five women, suspected of involvement ... Dubai's Du plans Dh2.2b investment, profit soars Emirates Integrated Telecommunications, known as du, on Wednesday posted a profit of Dh528 million for 2009 and ... Qatar- Work starts on railway projects Preliminary work on the ambitious multi-billion dollar metro and ground rail projects has begun and once the ... Jordan- Fayez defends blood fees Minister of Health Nayef Fayez defends a controversial blood fees alongside Minister of State for Media Affairs and ... Dubai- Kleindienst breaks ground on The World Kleindienst Group has become the first developer to start construction on The World islands in Dubai. The ... Eritrea may buy buses from Qatar's Mowasalat Eritrean President Isaias Afewerki being greeted during his visit to Mowasalat headquarters yesterday. Eritrea ... Genetic link between misery and death Genetic link between misery and deathLOS ANGELES, Feb 24, 2010 -- There is a genetic link between misery and death -- the ... Woman admits 'surprise' attack on husband Woman admits surprise attack on husbandSALT LAKE CITY, Feb 24, 2010 -- A Utah woman has pleaded guilty to attacking her ... New smartphone security threat identified New smartphone security threat identifiedNEW BRUNSWICK, N.J., Feb 24, 2010 -- Rutgers University researchers say they ... Google Europe inquiry wrinkle in Microsoft rivalry The search giant gets knocked off-kilter by a pair of unsettling events in Europe, where Google enjoys even more ... Chicken lays 4.5-ounce egg Chicken lays 4.5-ounce eggIPSWICH, England, Feb 24, 2010 -- The British owners of a young chicken said the hens ...       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

FDIC has 702 banks on problem list FDIC has 702 banks on problem listWASHINGTON, Feb 23, 2010 -- The Federal Deposit Insurance Corp. said Tuesday that the ... Murdoch buys into Saudi Rotana News Corp, the media empire owned by Rupert Murdoch, is to buy a 9.09-percent stake in Rotana, the Saudi-based Middle ... Honda, Subaru lead top-car list; Toyota in third Asian automakers Honda and Subaru top the annual list of Consumer Reports best vehicles, with Toyota capturing the ... Gold tops Saudi Arabia's imports from Dubai Saudi Arabia came third on the list of export markets in Dubai with a share of 4 percent and a total value of AED2 ... Dubai- Four more suspects identified in Hamas killing Dubai police confirmed that four more European suspects, including two British and two Irish, had been identified ... Qatar- New airport to create 50,000 jobs Some 50,000 jobs will be created when all the three phases of the New Doha International Airport are ... Hyundai reportedly halts U.S. sales of 2011 Sonata Hyundai Motors U.S. unit orders halt to the sales of its popular 2011 Sonata sedan on concern about sticking door ... GCC banks under pressure despite recovery signs The financial standing of GCC banks as a group remains under pressure despite recent signs of recovery in their ... Iraq- Etisalat gets its claws into Korek UAE-based telco Emirates Telecommunications Corporation is close to buying a majority stake in Iraqi ... Cheney suffered 'mild' heart attack Cheney suffered mild heart attackWASHINGTON, Feb 23, 2010 -- Former U.S. Vice President Dick Cheney, who was hospitalized ... Mafia extending its reach, Italians say Mafia extending its reach, Italians sayROME, Feb 23, 2010 -- Italys Mafia has spread its influence into the countrys ... British family on trial for torturing man British family on trial for torturing manLONDON, Feb 23, 2010 -- Members of a British family are on trial for allegedly ... Police: Man made bomb to blow up tree Police: Man made bomb to blow up treeSALEM, Ore., Feb 23, 2010 -- Police in Oregon said they arrested a 19-year-old man ... Saudi Arabia- Changes likely in Al-Haramain railway route A workshop is to be organized in Jeddah to examine possible changes to the route of the Al-Haramain high-speed railway ... Lufthansa operations from Saudi Arabia will be normal soon Lufthansa, Europe's second largest carrier, expects to resume normal operation on the Saudi-German sector on Friday. ... Al Maabar's project in Morocco sees brisk sales Abu Dhabi's international real estate investment company Al Maabar has sold 40 per cent of the first phase of the ... Saudi Aramco Discovers new quantities of Gas in Jalameed-Well The Minister of Petroleum and Mineral Resources Ali bin Ibrahim Al-Naimi announced that Saudi Aramco has ...       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

Labor unrest spreads across Europe Pilots at Lufthansa walked off the job and British Airways cabin crews voted to go on strike, while other job ... Abu Dhabi to relax ownership rules The Government of Abu Dhabi will relax ownership rules this year to encourage foreign investment into the emirate, ... UAE money supply grows Separately, the central bank reported that the total amount of currency in circulation plus demand deposits ... 100s of passengers stranded in Saudi Arabia after Lufthansa pilots strike Over 750 passengers in the Kingdom have had their travel plans disrupted due to pilots at Germany's Lufthansa Airline ... Saudi Arabia- Al-Sorayai shares jump 22.59% on debut Shares of Al-Sorayai Trading and Industrial Group Company made a strong debut on Tadawul on Monday. Abdullah ... Saudi Al-Rajhi, Arcapita launch $500m fund The investment banking subsidiary of Saudi Arabia's Al-Rajhi Bank, Al-Rajhi Capital, and Bahrain-based global ... Wipro Arabia wins $750m worth contracts in Saudi Arabia Wipro Arabia Limited , an IT joint-venture between India's Wipro Ltd. and Dar Al-Riyadh, has consolidated its ... Saudi Arabia's mobile clientele up 20% in 2009 The mobile customer base in Saudi Arabia grew by over 20 per cent in 2009 according to a Business Monitor ... ABN Newswire Stocks to Watch: February 23 Atlas Iron Limited and Aurox Resources Limited said that they have entered into a Utah Point Port Cooperation Agreement ... Saudi Arabia- New measures to combat terrorism Saudi Arabia has formulated and introduced new measures to combat terrorism, said top Saudi officials from the Bureau ... Death of U.S. capitalism: The final 10 scenes Do Main Streets 95 million investors know something Warren Buffetts long-time partner, Charlie Munger, doesnt know? ... Scientist: Aliens may be beyond us Scientist: Aliens may be beyond usLONDON, Feb 22, 2010 -- The British queens astronomer says extraterrestrial aliens ... Poll: Washington, Lincoln lied to public Poll: Washington, Lincoln lied to publicWASHINGTON, Feb 22, 2010 -- A U.S. poll suggests 74 percent of adults dont buy ... Australia awaits word from Saudi Arabia on import of wild camels The Australian Ministry of Agriculture, Fisheries and Forestry has said it has not received any formal request from ... Dublin school claims accommodating 750 Saudi students Claims by a controversial Irish property developer that he has a contract with the Ministry of Higher Education ... Hospital tower to be built in Makkah Minister of Health Dr. Abdullah Al-Rabeeah has signed a SR158 million contract with a local company to build the King ... Reserve Bank of India stresses reciprocity India may allow the entry of more foreign banks, including those from the UAE, subject to reciprocity, Dr K.C. ... Study: Over 90% of UAE companies do not adopt CSR policies More than 90 per cent of the businesses in the UAE do not adopt Corporate Social Responsibility, or CSR, policies ...       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.