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Tuesday, January 1, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Qatar interested in US rocket, missile systems worth USD406m
The US Defense Security Cooperation Agency stated that it has received a request from the Government of Qatar to acquire USD406 million worth of rocket and ...

UAE expats not to be jailed for bounced checks?
Newspapers printed contradictory reports yesterday on whether the UAE was ending prison terms for expatriates who write bad checks. The ...

US- Playing the wild cards in 2013
At this point, most investors are peering over the fiscal cliff developments and feeling like Jimmy Stewart in the classic Hitchcock film ...

Sony stops making PlayStation 2 in Japan
Japanese electronics giant Sony said it has stopped producing its PlayStation 2 consoles in Japan, fuelling online rumours a PlayStation 4 is in the ...

Saudi- Comprehensive housing strategy 'needed'
A member of the Shoura Council has said the recently established Ministry of Housing cannot solve all housing problems by itself. During a ...

Top Republican a holdout against fiscal cliff bill: lawmaker
The number two US House Republican emerged Tuesday as a key holdout against a controversial bill that raises taxes on the wealthy but does little to ...

Saudi- SR 1.7 bn hospital deal inked
Health Minister Dr. Abdullah Al-Rabeeah yesterday signed a SR 1.77 billion contract to establish new headquarters for King Faisal Specialist ...

Jeddah truck traffic to be regulated
Nine government and private agencies have been formed to draw out a permanent plan to deal with traffic congestion in Jeddah. The plan, ...

Saudi- 13% growth in insurance sector expected in 2013
A number of executive officials of several insurance companies agreed that the annual growth rate of the insurance sector would increase by 13 ...

Saudi- New transport funds will help boost women employment
The 2013 budget that allocates SR 2 billion from the 2012 budget surplus to implement transport projects inside cities have made women ...

Construction of 70,833 housing units to start soon in Makkah region
The Makkah region has announced the implementation of residential projects on the first day of the new Gregorian year. Sultan Al Dosari, ...

Imaginary Iranian threat in Latin America
Reading the text of a bill that was recently signed into law by US President Barack Obama would instill fear in the hearts of ordinary ...

Saudi women outraged at US TV host
Saudi women expressed outrage at Chelsea Handler, the American host of the TV show "Chelsea Lately," when she swore at Saudi men for being able ...

Most of Saudi Arabia's millennium goals achieved
Saudi Arabia has made significant progress in achieving the UN Millennium Development Goals ahead of the 2015 deadline, the Economy and ...

Brent posts 4th straight yearly gain
Brent crude futures closed in on a record full-year average daily price for 2012 last night, even with oil prices mixed in choppy trading as ...

Philippines 'sin tax' introduced, dampens New Year fun
A "sin tax" on cigarettes and alcohol dampened the New Year party spirit when it was introduced in the Philippines Tuesday, as part of a government ...

Sperm donor offspring call for privacy changes
Hideaki Kato discovered his true identity by accident. During his medical training a decade ago, the now 39-year-old Japanese doctor was performing ...

Crisis-hit Sudan opens bigger dam in conflict state
A torrent of water surged Tuesday into Sudan's Blue Nile river at the launch of the expanded Roseires dam, which officials say should help develop ...

India car makers show mixed sales trend in December
Some of India's auto giants reported on Tuesday a modest increase and some a drop in sales of new cars for the month of December, despite recent ...

Record 40,000 Dutch in New Year North Sea dip
A record 40,000 people braved icy temperatures on the Netherlands's North Sea coast Tuesday to take a cold plunge, setting a new record for the ...

Pakistan suffers 'record' child measles deaths
More than 300 Pakistani children died of measles last year, a staggering increase on the previous 12 months and a result of three consecutive years ...

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