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Saturday, December 1, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Eurozone jobless rate climbs to record 11.7%: EU
Unemployment in the eurozone hit a record high in October with more than 170,000 extra jobs lost and youth unemployment at almost 24 percent as the ...

German parliament approves aid for Greece
Germany's parliament on Friday overwhelmingly approved billions of euros in international aid for Greece, handing a much-needed financial boost to ...

Brazil grew a paltry 0.6 percent in third quarter
The Brazilian economy expanded a paltry 0.6 percent in the third quarter of 2012 compared with the previous three months, signaling a weaker than ...

Zain Saudi dodges USD2.4b maturity for 5th time
Make-loss telecoms firm Zain Saudi has delayed the repayment of its USD2.4 billion debt for the fifth time, this time by 21 days, Reuters ...

Tunisia Economic Growth Rate Hit 3.4 Percent
Tunisia's economic growth rate hit 3.4 percent in the first nine months of this year compared to the same period of last year, Minister ...

Ford recalls 89,000 vehicles amid engine fire concerns
Ford Motor Company issued a recall of more than 89,000 vehicles in the United States and Canada amid concerns the engines could catch on fire.The ...

Japan Industrial Output Rises 1.8% In October
Japan's industrial production grew 1.8% in October from the previous month for the first rise in four months, largely helped by demand ...

Kuwaiti Voters Head to Polls to Elect National Assembly Members
Over 400,000 Kuwaiti voters headed to the polls early Saturday in the country's five constituencies to choose 50 National Assembly ...

Pakistan to double food exports to UAE
Pakistan is working on a strategy to double the size of its exports of grains, fresh fruits and vegetables, and canned food items from $500 ...

Qatar, France to invest in French firms
PARIS - France's state-owned Caisse des Depots bank and the investment arm of Qatar's sovereign fund on Friday announced the signing of an ...

Saudi- Businesses want expat fee scrapped
More businesses, including real estate companies and gas station owners, have called on the government to withdraw the SR 2,400 annual fee it ...

Gulf Air chief executive leaves post
Gulf Air's chief executive officer, brought in to restructure the airline's operations in 2009, has resigned, the Bahrain-based firm said ...

Return of confidence seen in Dubai real estate sector
There are clear signs that confidence is returning to Dubai's real estate market as the emirate goes on unveiling a slew of mega projects, ...

Global food prices stable, but still high
Global food prices remained stable, though close to 2008 record levels, according to the World Bank. It warned that a "new norm" of costlier ...

EADS announces up to 850 job cuts in defence arm
European aerospace group EADS, which controls Airbus, said on Friday that it would shed up to 850 jobs through voluntary departures in a ...

NASA Probe Finds Evidence of Water Ice on Mercury
New evidence from a NASA spacecraft upholds the long-held hypothesis that Mercury has large reservoirs of frozen water around its ...

Philippine runway models set Guinness world record
Milan, Paris, London, New York and... Manila. It's hardly the centre of the fashion world but more than 2,000 models have taken to the catwalk in a ...

Saudi- Taking rain photo proves fatal for Madinah teen
A 16-year-old boy died when he fell off a mountainous cliff in Madinah on Thursday. Col. Khaled Mubarak Al-Juhani of Madinah Civil Defense ...

Arab Expat Accuses Arab Youth Of Molesting His 9 Yr Old Daughter
An Arab expatriate has filed a case against a 13-year-old Arab youth accusing him of molesting his 9-year-old daughter inside a building in ...

Gang Of Five Abduct, Assault, Rape, Threaten Kuwaiti Youth
Police are looking for five people - four unidentified youths and a young woman - for beating a Kuwaiti youth and forcing him to smoke ...

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