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Wednesday, January 23, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US charges East European cyber virus gang
The United States on Wednesday charged three young East European men with running an international cyber theft ring that broke into a million ...

Dubai's Nakheel posts 57% increase in 2012 net profit
Nakheel Chairman, Ali Rashid Lootah, stated that the real estate developer's net profit for last year surged by 57 percent, reaching USD549 million, from ...

Apple hails results but outlook knocks stock price
Apple shares slid about 10 percent after the tech giant posted record profits and sales of its iPhones and iPads but offered a disappointing forecast ...

Debt to GDP ratio up in EU
> At the end of the third quarter of 2012, the government debt to GDP ratio in the 27-member European Union stood at 85. ...

Saudi- SABIC inks research collaboration deal
The Saudi Basic Industries Corporation has further demonstrated its commitment to growth by expanding its multi-year agreement with the ...

Saudi- SR 285 m set to boost Madinah health projects
The Health Affairs Directorate in Madinah Province has received additional allocations of more than SR 285 million to boost the ongoing and new ...

Saudi- 1,000 fake engineers detected
The Saudi Council of Engineers , which is responsible for verifying and certifying engineers in the Kingdom, has identified nearly 1,000 ...

Saudi- Al-Rabeeah: Chronic diseases are a drag on Arab economies
Arab countries are spending between 40 and 50 percent of their health budgets on treating largely avoidable chronic diseases of lifestyle. This ...

30,000 strong work force for Jeddah airport expansion
About 40 percent of work on King Abdulaziz International Airport expansion project has been completed, said a top official. "We want to ...

Saudi- Fakeih: Nitaqat has reduced jobless rate
Saudi Arabia's unemployment rate has been brought down to 6.1 percent as a result of the implementation of Nitaqat program, said Labor Minister ...

SAP sees 'double-digit' growth in 2013 after record 2012
German software giant SAP said on Wednesday it is projecting a further strong improvement in sales this year from last year's record levels, and ...

China censors slash 'Cloud Atlas' by 40 minutes
Chinese authorities cut 40 minutes from the US epic movie "Cloud Atlas", state-run media said, almost a quarter of the film.The reports came soon ...

France's Thales joins Dreamliner battery probe
French electrical system giant Thales has joined a Japan-US probe into a battery fire which forced a Boeing 787 Dreamliner to make an emergency ...

Dutch architect to build house with 3D printer
A Dutch architect has designed a house "with no beginning or end" to be built using the world's largest 3D printer, harnessing technology that may ...

Scientists lift freeze on controversial flu research
Scientists who created a mutant bird flu virus said Wednesday they will resume the controversial research after taking a 12-month break to allay ...

Japan records second trade deficit in 2012
Official data showed that Japan's trade deficit hit a record USD78.27 billion in 2012, as exports continued to drop for the seventh consecutive month in ...

China must get the price of gas right
China is already the world's fourth-largest gas consumer, but it will struggle to reach its goal of doubling gas use to 260 billion cubic ...

Saudi-Bahrain pipeline project work on target
Abdul-Jabbar Abdul-Kareem, general manager for mega engineering projects at the Bahrain Petroleum Company BSC , has affirmed that ...

Saudi- Ambulance training for women paramedics '20 years overdue'
The general manager of the women department at the Saudi Red Crescent Authority has said the 20-year delay in activating the Women's ...

Don't get too excited about Jeddah's new aquarium
I hate to be a wet blanket, but I wonder how long it will take before someone decides that the SR 250 million aquarium on Jeddah's Corniche is ...

Traditional wrestling loses its grip on Pakistan
For decades, their practice ring honed the talent of Pakistan's most famous wrestling family. Today, it is their graveyard, a fitting symbol of the ...

Japan researchers grow kidney tissue from stem cells
Researchers in Japan said Wednesday they have succeeded in growing human kidney tissue from stem cells for the first time in a potential breakthrough ...

Pakistan records 103 child measles deaths in 19 days
More than 100 children have died of measles in Pakistan this month, the World Health Organization said Wednesday, calling it "an alarming ...

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