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Sunday, January 13, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US federal gov't posts USD260m budget gap in Dec
The US Treasury Department stated that in December, the government's budget deficit reached USD260 million, reported Xinhua News. The department said ...

GCC has USD2tr worth of planned projects
GCC's planned and underway project have increased by 12 percent to USD2 trillion up-to-date, according to a recent research, Arabian Business ...

Saudi- Real estate prices expected to drop this year
The increasing real estate prices will decline in 2013, Ayed Al-Qahtani, head of the Real Estate Committee in the Eastern Chamber, told a local ...

Saudi- Nasair keen to hire Saudi female cabin crew
Nasair CEO Sulaiman Al-Hamdan is keen to hire Saudi women as cabin crew at the airline, provided the government approves it, according to a ...

Saudi non-oil exports declined in Nov 2012
The value of Saudi non-oil commodities' exports in the trading month of November in 2012 declined to SR 13,604 million, down by SR 802 million ...

Saudi- Tourism sector advances 3.68%
The Saudi stock market marked its fourth consecutive gain yesterday. The Tadawul All-Share Index closed higher to 7,165.76 points. ...

Saudi- KSA telecom investment to reach SR37bn
Saudi Arabia is by far the largest telecom market in the GCC, accounting for 66 percent of total mobile subscribers, 59 percent of total ...

Saudi- PPA, Sanabil acquire 19.4% stake in ACWA Power
Saudi Public Pension Agency and Sanabil have acquired a 19.4 percent of equity stake in ACWA Power International , it was ...

Saudi- Full of elan, women vow to give Shoura their best
The newly appointed women members of the Shoura Council say there is a real and genuine political will to ensure Saudi women are involved in ...

Nominal GDP in GCC put at $1.56 trillion
Real GDP growth in the GCC is likely to have slowed from 7.8 percent in 2011 to an estimated 5.7 percent in 2012, according to QNB Group. This ...

Chinese tech firms pump up volume at CES
Chinese high-tech companies have showcased some of the most eye-popping gear at the Consumer Electronics Show in Las Vegas this week, bidding to ...

Money talks at Obama's inauguration
As hundreds of thousands of Americans crowd the National Mall for President Barack Obama's second inauguration on January 21, the best seats will ...

France braces for massive anti gay marriage protest
Tens of thousands are set to march in Paris on Sunday to denounce government plans to legalise same-sex marriage and adoption which have angered many ...

Smartphone touted as 'remote for your life'
It can talk to your car, your refrigerator, water your plants and help you stay fit and healthy: the smartphone is become the consumer's remote ...

Gold sales in Makkah hit by downturn
An official in the Makkah Chamber of Commerce revealed to Al Eqtisadiah newspaper that gold sales have dropped by 70 percent, as traders and ...

Saudi- Should we or should we not educate children in English?
As was stated in the first half of this story published yesterday in the Arab News, many teachers have expressed the opinion that foreign ...

Kuwait experiences sub-zero temperatures
Temperatures dropped to below zero in several regions of the country at dawn on Saturday, according to national meteorological centers. In ...

Syrian people need blankets not missiles
He who is not merciful toward others will not receive mercy. The situation in Syria is horrible. Winter storms came on time but this is the ...

Islamophobia at the heart of a New York murder case
Many New Yorkers were shocked when they learned, during the holidays, that an Asian immigrant was deliberately pushed to his death in front of ...

New York declares flu emergency
New York's governor declared a health emergency over a flu epidemic that has sickened more than 19,000 people, allowing pharmacists to immunize ...

Deaf Belgian twins going blind 'commit euthanasia'
Deaf Belgian identical twins used a decade-old euthanasia law in a mercy-killing pact after they began to go blind, Flemish media reported ...

Modern art light shines at Gucci museum in Florence
The new Gucci Museum in Florence opened its latest show this month -- a selection of US artist Cindy Sherman's early works -- in a setting where ...

Milan men's fashion week kicks off with Dolce&Gabbana
Dolce&Gabbana kicked off Milan menswear fashion week on Saturday with their winter-autumn 2014 collections, as 10,000 fashionistas descended on ...

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