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Sunday, December 2, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Osborne says UK austerity to last longer
George Osborne warned Sunday that economic recovery will take longer than planned but insisted that abandoning the government's tough austerity ...

Euro finance bosses to tackle EU-wide issues
European finance ministers regroup in Brussels on Monday for two-day talks focused as much on EU-wide problems installing cross-border banking ...

SR 2,400 expat fee plan 'may fuel Saudi inflation'
Plans to impose a tax of SR 2,400 a year for each expatriate worker in the Kingdom is still not being favored by economic analysts and the ...

Geithner says no US budget deal without tax hikes
Lead White House negotiator Timothy Geithner insisted Sunday there would be no deal to avert the "fiscal cliff" unless Republicans allowed tax rates ...

Rajoy says 'hard' for Spain to reach deficit goal
Spanish Prime Minister Mariano Rajoy said in remarks published Sunday it would be difficult to meet the goal of cutting the public deficit to 6.3 ...

Saudi- Bahra Cables, SEC in deal for SR 400 m supplies
Bahra Cables Co. signed a contract for SR 400 million for the supply of low and medium voltage cables to Saudi Electricity Co. during ...

Merkel does not rule out Greek 'haircut' in coming years
German Chancellor Angela Merkel said she has not ruled out a so-called "haircut", or write-down, on Greek debt in the next few years, in an interview ...

Deal or no deal? Online discounters face woes
It looks like a tough sell for the online daily deals sector.After much excitement last year and a hyped public offering from Groupon, the main ...

Microsoft, Google in catfight over online shopping
Just in time for the holidays, Microsoft and Google have become embroiled in a bitter dispute over who is the fairest of them all for online ...

Murdoch's British newspaper chief to leave company
Rupert Murdoch's top newspaper lieutenant in Britain is to leave his post at the end of the year, it was announced, heralding the start of a major ...

Foreign assets grow 16.2% in Jan-Oct: Saudi CB
Saudi Arabia Monetary Agency said that its foreign assets jumped by 16.2 percent in the January-October period to USD636 billion, reported Emirates ...

China overtaking US as world's dominant trader
This is the first installment in "China's Reach," a project that will analyze China's influence with its trading partners over three decades, ...

Kuwait- Police rescue woman locked up by her husband for weeks
Security operatives freed a Kuwaiti woman who had been locked inside a room by her husband for many weeks, reports Al-Rai ...

Saudi- SR 560 m silos to boost flour output capacity
Jazan Gov. Prince Muhammad bin Nasser yesterday laid the foundation stone for a grain silos and flour mill project worth more than SR 560 ...

French minister says 'no confidence' in steel tycoon Mittal
A French minister cast doubt Sunday on whether the world's top steelmaker ArcelorMittal would keep its end of the bargain after a compromise deal on ...

What do we know about China's new leadership?
As China obsessives know, it is tough to read tea leaves when the water is as opaque as that surrounding China's Politburo. In the wake of the ...

Impasse in Egypt: Is the fourth revolution a failure?
BETWEEN Sept. 9, 1881, and last Jan. 25, Egypt, as the Egyptians say, experienced four revolutions: The Orabi Revolution, the Revolution of ...

Future weapons to be game changer
More than a week after a US-Egyptian brokered cease-fire brought a fragile peace to Gaza, military analysts are busily assessing the fighting ...

Saudi- Renovated corniche declared open
Jeddah Mayor's Office announced the completion of the SR 185 million seafront development project and declared it open yesterday even though ...

Saudi- 1,000 clubs planned for boys and girls
Education Minister Prince Faisal bin Abdullah disclosed yesterday plans for more district clubs for boys and girls to help them engage in ...

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