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Wednesday, January 16, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Orange 'forces Google' to pay for mobile traffic
The head of French telecoms operator Orange said on Wednesday it had been able to impose a deal on Google to compensate it for the vast amounts of ...

JPMorgan Chase profit jumps 53% in fourth quarter
JPMorgan Chase said Wednesday that its fourth-quarter profit had surged 53 percent, capping a third straight year of record income for the US banking ...

Dreamliner woes turn into Boeing nightmare
Boeing's 787 Dreamliner is suffering serious teething problems that have grounded the plane in Japan and stoked market concerns about the US ...

China's trade surplus with US inflated by trade stats: OECD-WTO
Current trade statistics miss a vital part of the story of where production occurs in the globalised economy, the OECD and WTO said on Wednesday, ...

IMF releases 3.2 bn euro aid payment to Greece
The International Monetary Fund said Wednesday it would release 3.2 billion euros in aid to Greece that had been frozen for months ...

Strong Italian trade data lifts eurozone debt gloom
Italy reported strong trade surplus data for November on Wednesday and said the figures for 2012 as a whole could be the strongest for 10 years an ...

US economy picks up since November: Fed
The US economy has picked up pace since November, with Christmas sales modestly stronger and New York and New Jersey rebounding from Hurricane Sandy, ...

Oil prices jump on inventories, Algeria situation
Global oil prices rose Wednesday due to a surprising drop in US oil inventories and concerns over the potential effect on oil supply from fighting in ...

$388m IDB loans to boost Egypt economy
Islamic Development Bank President Ahmed Muhammad Ali has signed a number of loan agreements worth more than $388 million with Egyptian ...

Expat levy to add SR60bn economic burden on Saudis
Calls are mounting for the government to repeal the proposed levy for businesses not meeting Saudization requirements. Analysts have said that ...

UK- Tide of resource nationalism begins to ebb
For a decade, the oil industry has worried about rising resource nationalism in producing countries. Host governments have imposed tougher ...

Saudi- Bank AlJazira's 2012 profits up 65%
Bank AlJazira's net income for Q4, 2012 amounted to SR 98 million, a decrease of 11 percent compared to SR110 million for Q4, 2011 and a ...

Saudi- Savola posts record SR1.4bn profit
The Savola Group has announced a historic and record net income for the 12 months ended Dec. 31, 2012, amounting to SR1.4 billion, an increase ...

Saudi- Hayat Sindi to women: Opt for a career in science
Hayat Sindi is one of the newly appointed Shoura members. She recently figured in Newsweek's list of 150 women who shook the world in 2012. ...

Majority upholds landmark US abortion ruling: poll
Sixty-three percent of Americans would rather not see the US Supreme Court overturn its historic 1973 ruling on abortion, according to a Pew Research ...

Hong Kong activists anger over lack of gay rights
Hong Kong's gay community on Wednesday blasted the government for refusing to carry out a public consultation on the implementation of ...

Saudi- Youngsters compete in Toyota dream car art contest
For the third year in a row, and following the huge success of previous years, Toyota ALJ launched the "Toyota Dream Car Art Contest" to give ...

Teen stabs cop in Kuwait
A 14-year old juvenile stole a police vehicle, hit a police patrol affiliated to Hawalli support and 8 other vehicles in Farwaniya area, and ...

Husband beats Kuwaiti wife mercilessly for not doing dishes
A 25-year-old Kuwaiti woman has filed a complaint with the Jaber Al-Ali police accusing her husband of beating her, reports Annahar ...

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