Mena News

 

  Kuwait says will not cut spending because of investment move
Sep , 19 , 2012  
  Kuwait’s finance minister said that the Gulf state would not cut down on spending as a result of a plan to invest a greater percentage of its revenues in a rainy day fund, state news agency KUNA reported. The decision "will not be at the expense of investment spending," Finance Minister Nayef Al-Hajraf said, according to KUNA. He said he hoped the increased contribution would continue the following fiscal year.
 

Read More

  Brent crude up for 8th day near USD117; economic risks may cap rise
Sep , 17 , 2012  
  Brent crude rose for the eighth consecutive session on early Monday, September 17, to just below USD117 a barrel, on worries that high oil prices could hamper efforts to boost a struggling world economy.
 

Read More

  Egypt's trade deficit surges 47.9 percent in year to June
Sep , 17 , 2012  
  Egypt's trade deficit reached EGP17.6bn (USD2.8bn) in June 2012, a marked increase from the EGP11.9bn deficit recorded during the previous year, according to Egypt's official statistics agency. Central Agency for Public Mobilization and Statistics blamed the rising trade deficit, which climbed by 47.9 percent between June 2011 and June 2012, primarily on a decrease in exports.
 

Read More

  Qatar Islamic Bank board backs USD1.5bn sukuk programme
Sep , 17 , 2012  
  Qatar Islamic Bank's (QIB) board has approved its USD1.5bn sukuk issuance programme, a company statement said. The bank has hired HSBC Holdings Plc, Standard Chartered Plc, Deutsche Bank AG and QInvest LLC to manage the issuance, a company spokesman said.
 

Read More

  Abu Dhabi's First Gulf Bank mandates banks for 3-Year, USD800mn Loan
Sep , 17 , 2012  
  First Gulf Bank (FGB) said it mandated several banks to arrange a three-year, USD800mn loan to help fund the Abu Dhabi-based lender's local and international expansion plans. FGB said it named The Bank of Tokyo-Mitsubishi, Citibank, Commerzbank, Deutsche Bank, HSBC, Mizuho Corporate Bank, Standard Chartered and National Bank of Abu Dhabi as lead arrangers and bookrunners for an USD800mn unsecured term loan, according to a statement on the Abu Dhabi bourse website. Pricing was at 130 basis points per year above the U.S. Dollar benchmark rate, the bank said.
 

Read More

  UAE annual inflation in August up at 0.95 percent on rising food costs
Sep , 17 , 2012  
  Annual inflation in the United Arab Emirates rose to 0.95 percent in August, from 0.46 percent in July, driven mainly by higher food and beverage prices, the National Bureau of Statistics said in an emailed statement. The food & non alcoholic beverages category of the consumer price index, or CPI, was up an annual 4.68 percent in August, while beverages and tobacco showed an increase of 5.42 percent.
 

Read More

  Dubai's Emaar launches a new 5 star hotel in downtown
Sep , 17 , 2012  
  Dubai-based Emaar Properties launched a hospitality project as the emirate, which is perceived as a safe haven in the wake of the Arab Spring, enjoys a rebound in retail and tourism. The new project will feature a five-star hotel that includes serviced residences, Arif Amiri, Chief Executive Officer of Emaar retail and head of sales said at a press conference.
 

Read More

  Dubai Airports to expand cargo handling facilities at Dubai International
Sep , 17 , 2012  
  As part of its USD7.8bn strategic plan to build a global air transport hub in the emirate, Dubai Airports said it will to expand cargo handling facilities at Dubai International Airport by adding two new buildings. In an emailed statement the airport operator said the expansion was in response to the growing volumes of freight being transported through Dubai. "Total annual cargo volumes across both airports are projected to surge from the 2.19mn tonnes recorded last year to 4.1mn tonnes by 2020," it said.
 

Read More

  Brent steady above USD115 ahead of German ruling
Sep , 12 , 2012  
  Brent crude was steady on early Wednesday, September 12, after four days of gains, staying above USD115 a barrel as investors remained cautiously optimistic a German court would approve the legality of the euro zone's bailout fund.
 

Read More

  Japan machinery orders top forecasts, export worries linger
Sep , 12 , 2012  
  Japan's core machinery orders beat expectations and rose for a second month in July in a sign that rebuilding in the quake-ravaged northeast underpins capital spending, but Europe's debt crisis and slowing Chinese and U.S. economies cloud the outlook. The 4.6 percent rise in core orders, which excludes those of ships and power utilities, well-exceeded a 1.5 percent rise expected by economists and followed a 5.6 percent gain in June, rebounding from a sharp drop seen in May.
 

Read More

[First Page] [Prev] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 [Next] [Last Page]

  
New Page 1
Privacy Statement

Copyright © 2012 LOTUS All Rights Reserved
Developed By Superlink