Mena News

 

  China Jan-Nov FDI falls 3.6 percent YoY on global headwinds
Dec , 18 , 2012  
  China's foreign direct investment inflows fell 3.6 percent in the first eleven months of 2012 from a year earlier, extending the longest run of YoY falls in three years as global economic headwinds crimped corporate spending plans. The Commerce Ministry said that China drew USD100.0bn in foreign direct investment between January and November, with November's inflow alone down 5.4 percent on year-ago levels at USD8.3bn.China's foreign direct investment inflows fell 3.6 percent in the first eleven months of 2012 from a year earlier, extending the longest run of YoY falls in three years as global economic headwinds crimped corporate spending plans. The Commerce Ministry said that China drew USD100.0bn in foreign direct investment between January and November, with November's inflow alone down 5.4 percent on year-ago levels at USD8.3bn.China's foreign direct investment inflows fell 3.6 percent in the first eleven months of 2012 from a year earlier, extending the longest run of YoY falls in three years as global economic headwinds crimped corporate spending plans. The Commerce Ministry said that China drew USD100.0bn in foreign direct investment between January and November, with November's inflow alone down 5.4 percent on year-ago levels at USD8.3bn.
 

Read More

  Egypt's Citadel Capital sells investment as it cuts portfolio size
Dec , 18 , 2012  
  Egypt's Citadel Capital said it sold one of its investments, as the private equity firm has started to reduce its size and centers its strategy around five sectors including energy and transportation. Citadel, which currently has USD9.5bn worth assets under management, said in an emailed statement its portfolio company National Petroleum Company Egypt Ltd. sold National Petroleum Company Shukheir Marine Ltd. to Sea Dragon Holding Ltd., a subsidiary of Canada's Sea Dragon Energy. "
 

Read More

  UAE annual inflation drops to 0.51 percent in November versus 0.54 percent October on food prices
Dec , 18 , 2012  
  Annual inflation in the United Arab Emirates fell slightly to 0.51 percent in November, from 0.54 percent in October, driven mainly by a declining food prices, the country's national bureau of statistics said in an emailed statement. The food & non alcoholic beverages category of the consumer price index, or CPI, was down an annual 0.87 percent in November, while beverages and tobacco showed an increase of 15.94 percent. A rise in textiles, transportation and household prices was mitigated by housing prices which were mostly flat on the year. The housing category makes up nearly 40 percent of the overall U.A.E. CPI.
 

Read More

  Kuwait budget surplus surges on high oil income
Dec , 18 , 2012  
  Kuwait's provisional budget surplus surged 43 percent to KWD14.7bn (USD52.2bn) in the first seven months of the fiscal year, boosted by oil income, government data showed. The figure compares with a USD26.0bn deficit projected in the budget for 2012-2013, which began on April 1. The surplus stood at USD36.5bn in the same period last fiscal year. Revenues until the end of October also rose 15.7 percent to KWD18.86bn compared with the same period in the last fiscal year. The seven-month income is also up 35.3 percent on budget estimates for the whole year of KWD13.9bn. Income from oil jumped 40.9 percent over the same period last year to KWD18.0bn. Meanwhile, spending shrank by a massive 30.7 percent to KWD4.2bn from last fiscal year's KWD6.0bn in the first seven months.
 

Read More

  Kuwait KNPC: New refinery, clean fuel projects costs could fall
Dec , 17 , 2012  
  State-run Kuwait National Petroleum Co., or KNPC, expects the total cost of its planned refinery and clean fuel projects to be lower than the KWD8.6bn (USD30.6bn) budgeted earlier, the country's official news agency reports, citing a company official. All the indications show it is possible to get very good prices, perhaps lower than the KWD4bn for the refinery and the KWD4.6bn for the clean fuel project," Hatem Al-Awadhi, KNPC's deputy managing director told Kuwait News Agency, or KUNA.
 

Read More

  Brent steadies above USD108, China hopes support; U.S. talks eyed
Dec , 17 , 2012  
  Brent crude held steady above USD108 a barrel on early Monday, December 17, drawing support from a brighter economic outlook for top energy consumer China, although investors remained skittish as U.S. talks to avert a year-end "fiscal cliff" dragged on.
 

Read More

  Takeover deadline extended for Islamic Bank of Britain
Dec , 17 , 2012  
  Islamic Bank of Britain ( IBB ) said a deadline for a Qatari bank to decide on a proposed takeover offer had been extended to January. IBB is majority-owned by Qatar International Islamic Bank, which has been in discussions since June with Qatari lender Masraf Al Rayan to sell a controlling stake in the British bank. A deadline for Masraf, the biggest Islamic bank in Qatar, to announce a firm intention to make an offer for IBB lapsed on December 10; it has now been extended to January 7.
 

Read More

  Dubai Telco Du signs USD100mn loan with DBS
Dec , 17 , 2012  
  Dubai-based Emirates Integrated Telecommunications Co., has signed a USD100mn, three-year loan with Singapore-based DBS Bank to help fund network improvements. Osman Sultan, Du's chief executive, said the financing be used for the acquisition of telecoms equipment from Huawei, a Chinese infrastructure and technology company, and also improve Du's 3G and Long Term Evolution (LTE), otherwise known as 4G, networks.
 

Read More

  UAE central bank delays exposure, liquidity rules
Dec , 17 , 2012  
  The central bank of the United Arab Emirates has postponed introducing restrictions on commercial banks' exposure to state-linked debt and requirements for them to hold liquid assets, after complaints from the banks. "The Central Bank board of directors reviewed banks' feedback on the amendments to the large exposures regulation and decided to postpone implementation of the regulation until all items of the regulation are reviewed with banks," the central bank said in a statement.
 

Read More

  Telco Zain pays Motorola USD231.4mn on behalf of Saudi unit
Dec , 17 , 2012  
  Kuwait's Zain said it paid SAR867.8mn (USD231.4mn) to Motorola on behalf of its unit Zain Saudi to cover costs related to a contract entered by the unit with the U.S. firm. Zain said it made the payment on December 12 to alleviate financial burden from its Saudi unit and to support the company's operations, it said in a bourse statement. According to the statement, the amount paid covers services that Motorola had provided the Zain unit in 2009 and agreed to pay at a later stage.
 

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