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Middle East North Africa - Financial Network
 

Fed stands pat on rates, wording
The Federal Reserve keeps its benchmark interest rate at a record low level and makes no changes to the key ...

UAE minister: Oil at $70-$80 acceptable, reasonable
UAE Minister of Energy Mohammad bin Dhaen Al Hamili has said that the current level of oil prices � which are in ...

Jeddah- New desalination plant to be ready by October
A new desalination plant in the South Corniche area of Jeddah is in the final phase of construction. Work relating to ...

Ernst & Young report brings to light TIBC irregularities
Ernst & Young's investigation into the TIBC bank reveals an establishment that was out of control. It is the report ...

Bayt.com: Higher education crucial for career advancement
More than two thirds of the region's professionals, 67%, believe that pursuing a higher education programme is crucial for ...

Kido attacked fifth of Jordan's computers
A total of 17 per cent of Jordan's computers were infiltrated by a variant of the notorious Kido malware, according to the ...

Blockbuster may file for bankruptcy
Blockbuster says in a regulatory filing that it will likely file for bankruptcy if it is unable to address its debt ...

Pepsi: No more sugar drinks in schools
Pepsi: No more sugar drinks in schoolsPURCHASE, N.Y., Mar 16, 2010 -- Expanding its U.S. policy, PepsiCo says it will ...

Honda recalls 412,000 vehicles
Honda recalls 412,000 vehiclesTORRANCE, Calif., Mar 16, 2010 -- Honda Motors Co. Inc. issued a recall of 412,000 U.S. ...

Today's teens similar to teens in the '70s
Todays teens similar to teens in the 70sEAST LANSING, Mich., Mar 16, 2010 -- Todays teens are no more egotistical and are ...

Facebook to set up centre in Hyderabad
Facebook to set up centre in HyderabadMar 16, 2010 -- HYDERABAD, ...

Penn beats Princeton in billionaires
Penn beats Princeton in billionairesMar 16, 2010 -- About ...

UAE- Magician predicts today's headlines
Exchanging currencies or transferring money were not the main action at the UAE Exchange's Al Qusais branch on ...

Saudi Arabia- Naif calls Al-Qaeda Khawarij
Second Deputy Premier and Minister of Interior Prince Naif condemned Al-Qaeda militants on Tuesday for killing ...

Qatari women more career-minded
Qatari women are more career-oriented than their male counterparts, a survey conducted among the participants of ...

Qatar to curb e-trade of flora and fauna
Qatar is set to enhance its monitoring of online trade of flora and fauna, at the wake of increased illegal world ...

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MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Al Suwaidi: Dubai unlikely to need more financial aid
Dubai, which is seeking to restructure a $22 billion debt owed by state-owned conglomerate Dubai World, is not ...

S&P: Arab Bank long-term rating cut to BBB- on sovereign downgrade
Standard & Poor's Ratings Services said today that it lowered the long-term counterparty credit rating on Arab Bank PLC

First UAE rail contract by year-end
State-owned Union Railway Company is planning to award the nation's first railway construction contract by the end ...

Saudi Arabia- E&Y licence revoked
The Saudi Capital Market's Authority, or CMA has revoked the Securities Business License of Ernst & Young ...

LG's world's first transparent phone arrives in Qatar
The LG GD900 Crystal is a trendsetting touchscreen phone based on the motif of transparency. The Crystal Touchpad, ...

Iraqi leader denies assassination attempt
Iraqi leader denies assassination attemptBAGHDAD, Mar 15, 2010 -- Prime Minister Nouri al-Maliki appeared on television ...

National Bank of Abu Dhabi to issue up to $1b bond
Shareholders of National Bank of Abu Dhabi have approved the payment of 10 per cent dividend for the year ...

Decree issued to regulate Dubai's industrial, commercial lands
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of ...

Lehman and affiliates file bankruptcy plan
The bankrupt brokerage files a plan to repay creditors of the failed firm.

Study: Huge potential for GCC's insurance sector
According to a research conducted by Value Partners, a leading global management consulting firm, insurance ...

Qatar Holding signs MoU with VW, Porsche
Qatar Holding LLC has signed a Memorandum of Understanding which sets out the foundation for a series ...

Dubai International Film Festival to be held in December
The seventh edition of the Dubai International Film Festival, the definitive film festival of the Arab world, Asia and ...

Carlos Slim cashes in on the Times
Carlos Slim Helu took the New York Times to the cleaners, writes Brett Arends.

How to invest in fed funds futures
The avenues for investors to make bets on the direction of the Federal Reserves interest rates are increasing as ...

Russia claims Arctic undersea territory
Russia claims Arctic undersea territoryMOSCOW, Mar 15, 2010 -- Prime Minister Vladimir Putin has repeated Russias claims ...

Tiny apartment worth up to $273,000
Tiny apartment worth up to $273,000LONDON, Mar 15, 2010 -- The owner of Britains smallest apartment, measuring 11 feet by ...

UAE on right course to become world logistics leader
Former Chancellor of the Federal Republic of Germany has said that the UAE has set the right course for Global ...

Qatar- Amendment firms up merger norms
Qatar yesterday amended some key provisions of the Commercial Companies Law to regulate ...

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