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Saturday, January 5, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Budget battles threaten Obama's second-term agenda
After a brutal "fiscal cliff" battle, President Barack Obama's looming budget confrontation with Congress threatens to sharply curtail his ...

Egypt seeks more Saudi investments
Foreign Minister Prince Saud Al-Faisal yesterday emphasized the need to expand Saudi-Egyptian joint investments. "There are lots of ...

Tadawul breaches 7,000 mark on Q4 earning hopes
 Saudi shares ended higher yesterday lifted by gains in the petrochemical and banking sectors. The benchmark stock index rose to the ...

Alawite area Assad's last resort
The last option for Syria's President Bashar Assad, who is determined not to back down after 21 months of deadly conflict, is to battle to the ...

Obama warns on 'dangerous game' with debt ceiling
US President Barack Obama on Saturday warned congressional Republicans against what he called a "dangerous game" with the country's economy as ...

Jordan reports 58% increase in 2012 investments
The Jordan Investment Board's acting executive director, Awni Shdaifat, announced that in the past year, investments in the Kingdom surged by nearly 58 ...

Saudi- KAU signs IT deal with HP to boost student job prospects
Saudi Arabia's largest university, King Abdulaziz University in Jeddah, signed an academic training agreement Saturday with a major ...

Govt eyes ways to help out 100,000 Kuwaiti debtors on travel ban list
The government has begun looking into the issue of about 100,000 Kuwaiti debtors who are banned from travel, reports Al-Anba ...

IMF official in Egypt on Monday for loan talks
A top International Monetary Fund official will visit Egypt on Monday for talks likely to focus on the $4.8 billion loan agreement frozen last month ...

Saudi- 15,000 new houses in Taif expected to lower rents
The Housing Ministry intends to build 15,000 homes in different parts of Taif, an official source at the ministry said. "The project will ...

Saudi- Zakat, tax revenue SR 23.5 bn in 2012
The Zakat and Revenue Department said yesterday that its revenue in 2012 rose 18 percent to SR 23.5 billion. The department attributed the ...

Sales of Ferrari, Maserati cars plunge in Italy
Sales of luxury Ferrari and Maserati cars have slumped in the land of their birth as Italy's financial and economic woes bite even the richest ...

Does Britain's austerity hold lessons for US?
The dog's breakfast of a deal that "resolved" the US "fiscal cliff" fell far short of expectations. In the hours after it passed, deficit ...

Saudi- SR 54.35 billion budget to improve health services
The SR 54.35 billion 2013 budget allocation for the Health Ministry, 15.45 percent more than that of 2011, will boost health services in the ...

Saudi Arabia: Sectarianism will not bring peace in Iraq
Foreign Minister Prince Saud Al-Faisal told reporters yesterday that peace and security will not return to Iraq as long it is ruled by ...

US employers add 155K jobs in December; jobless rate 7.8%
The pace of hiring by US employers eased slightly in December, pointing to a lackluster pace of economic growth that was unable to make ...

Saudi- Private tutors charge up to SR 300 a lesson
There was a considerable rise in the cost of private lessons for intermediate and higher-grade pupils just before the start of the midyear ...

IMF's Lagarde says Portugal 'on right track'
Portugal is "on the right track" in meeting economic reform targets set by its international creditors in exchange for rescue funding, IMF chief ...

Al-Maliki 'follows Iran's agenda to divide Iraq'
Saddam Hussein's Vice President Izzat Ibrahim Al-Douri accused Iraqi Prime Minister Nuri Al-Maliki yesterday of seeking to implement an ...

Hitler statue in Holocaust site stirs controversy
Poland's chief rabbi on Friday voiced outrage over a statue of Nazi leader Adolf Hitler kneeling at a Holocaust site in Warsaw, part of an ...

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