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Saturday, September 29, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- Etisalat tests world's highest 4G LTE speed at 300 Mbps
 Etisalat has added another feather in its cap, completing the highest 4G LTE speed test in the world, reaching a lightning 300 ...

Nokia cuts Lumia 800, 900 prices before new models arrive
 Struggling phone maker Nokia has knocked 10-15 percent off the prices of two of its top of the range smartphones, hoping to boost sales ...

France economy posts zero growth in Q2
France's national statistics bureau Insee stated that the country's economy posted a zero growth in the second quarter, remaining idle for the third ...

Dubai trade with Italy up 22% at Dh18b in '11
 Dubai's trade exchange with Italy grew by 22 per cent to Dh18 billion in 2011 compared to 2010, with the value of the emirate's imports ...

Saudi- Banks seizing dormant accounts against Shariah
 JEDDAH: Shariah experts on financial matters declare that local banks are committing a crime by seizing the deposits in accounts that had not ...

Bringing out the best in the child
 Recognised around the world for its innovative approach to education, the Italian-based Reggio Emilia-inspired programme has been ...

UAE- 3 arrested in money exchange theft
 The Sharjah Police have arrested three Bangladeshi men for involvement in a theft in a money exchange centre in Khorfakkan, according to ...

Philips, Saudi's Al Faisaliah in 50-50 JV
 RIYADH: Royal Philips Electronics and Al Faisaliah Medical Systems , a subsidiary of Al Faisaliah Group, signed an agreement yesterday ...

Spain's Debt-to-GDP ratio to rise to 90.5 percent by end-2013
Spain's debt level and borrowing needs are set to rise next year, piling pressure on the government to apply for international aid, as ...

Saudi- Al-Faisal University students show what Alzheimer's feels like
 RIYADH: Students at Al-Faisal University in Riyadh commemorated World Alzheimer's Day at the main hall of the campus on Wednesday. The ...

Is dollar still the reserve currency of choice?
 JEDDAH: The US dollar will unlikely to lose its status as the main reserve currency in the near future despite the current challenges facing ...

Tunisia sees budget deficit narrowing to 6% of GDP
Tunisia's budget deficit should narrow to 6 percent next year from 6.6 percent of GDP expected in 2012, the central bank governor said on ...

Sudan urges UN for debt exemption
Sudan has asked the United Nations General Assembly to cancel its debts and support its economy as it struggles to recover from losing three-quarters of ...

Qatari PM concerned that dollar, euro might fall
Qatari Prime Minister Wealthy Qatar Sheikh Hamad bin Jassim al-Thani expressed his country's concern the impulsive attempts by countries to stimulate their ...

UAE- Panel grants 207 houses
 A total of 207 Emiratis will get houses in various emirates, the Follow-up Committee of Initiatives of the President has ...

Spanish banks need $76b
 Spain's banks would need €59.3 billion in extra capital to ride out a serious economic downturn, an independent audit ...

US: Libya attackers linked to Al-Qaeda
 WASHINGTON: The US intelligence community said yesterday that a deadly assault on a US consulate in Libya was a planned attack linked to ...

Buffett's kids use dad's ideas to invest in giving
 OMAHA, Nebraska: As they give away part of Warren Buffett's fortune, his three children have adopted an approach remarkably similar to their ...

Will Halab's fall mean end of Syrian regime?
 HISTORICALLY, all the empires of the world fought for the conquest of Halab, one of the oldest cities in the history of mankind at an ...

The man behind the movie "Innocence of Muslims"
 THIS is the face of the man who created the painful-to-watch video, Innocence of Muslims. Whilst the Prophet's face should not be shown, ...

Annan says Blair could have prevented Iraq war
 LONDON: Former British Prime Minister Tony Blair was the only person capable of turning George Bush against the 2003 Iraq invasion, UN's ...

Saudi- E-track monitoring system for pilgrims
 MAKKAH: The government is working on introducing an e-track monitoring system while developing centers of inspection and screening at the ...

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