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Sunday, January 6, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Price of gold sharply fluctuates in shadow of uncertainties regarding US economy
> Gold prices sharply fluctuated on the international markets during the past week trades hitting level of USD 1,694 per ounce ...

Republican challenges Obama on US debt ceiling
The top Republican in the US Senate warned President Barack Obama on Sunday that he is willing to use the debt ceiling as "leverage" to end the ...

Global regulator eases liquidity rules for banks
The world's top banking regulatory body on Sunday eased the first global liquidity rules scheduled to start applying to banks in 2015 and aimed at ...

Obama warns Republicans against 'dangerous game' with economy
President Barack Obama warned Congressional Republicans on Saturday against playing a "dangerous game" with the economy as lawmakers prepared ...

ECB to ring in New Year with rates on hold
The European Central Bank will usher in 2013 with steady interest rates at its first policy meeting this year to keep up the pressure on governments ...

France to reallocate 2 bln euros for job creation
French government plans to spend USD2.6 billion from its 2013 budget to state-aided job creation, as it seeks to cut unemployment, Reuters ...

Air France-KLM may takeover Alitalia by the summer
Air France-KLM said lately that it's in "advanced" talks to acquire Italian carrier Alitalia by the summer, Reuters reported, citing Italian ...

Saudi- Increase in prices of used cars prompts calls for organization
A lack of organization and control contributed to the recent price increase of used cars by 15 percent. This issue caused a stir among ...

Saudi- Cisco Research: Smartphones beating laptops
Smartphones now rival laptops as the single most desired device by 18-30 year olds in the Middle East as they are seen as the most versatile ...

Saudi Northern Region Cement Company to sell 90 m shares
The Northern Region Cement Company plans to sell 90 million shares to sell at an initial public offering this week. The company as ...

Saudi Aramco to boost gas exploration and development
Saudi Aramco plans to boost exploration and development of more gas wells across Saudi Arabia, as it seeks to meet the requirements of electric power ...

Saudi- Petchem prices gained as oil fell in December
Oil prices increased 0.7 percent in December but declined slightly quarter-to-date . Natural gas declined 7.6 percent month over month MoM ...

Tunisia approves 2013 budget at USD17b
The Tunisian cabinet has approved 2013 budget of USD17.1 billion, 4.9 percent higher than the updated estimates of the supplementary budget for the year ...

Ex-governor, Google chairman to go to N. Korea next week
Former New Mexico governor Bill Richardson and Google chairman Eric Schmidt will head to North Korea next week on a "private humanitarian mission," ...

Tehran air pollution 'leaves 4,460 dead' in a year
Air pollution in Tehran has left 4,460 people dead in a year, an Iranian health official said in reports Sunday, with another sounding the alarm over ...

Egypt's Morsi reshuffles cabinet ahead of IMF talks
Egypt's President Mohamed Morsi reshuffled his cabinet on Sunday, reports said, in the face of an economic crisis and ahead of fresh talks with the ...

Swine flu kills Jordanian: health minister
The H1N1 influenza strain known as swine flu killed a 26-year-old Jordanian man on Sunday, Health Minister Abdullatif Wreikat said on Sunday."The ...

Bulgaria PM lobbies for 'no' in nuclear referendum
Bulgarian Prime Minister Boyko Borisov said Sunday he would ask members and supporters of his right-wing GERB party to vote "no" in a January 27 ...

Toyota to suspend new plants for three years: reports
Japan's Toyota Motor has decided to halt the construction of new factories for the next three years in a shift from its previous policy of building ...

Myanmar gets steamed up by sex education magazine
With its glossy pages of pouting models and racy romance tips, Myanmar's first sex education magazine has got the usually demure nation hot under the ...

Gay advocates appeal for All Black to come out
Gay rights advocates in New Zealand have called for a homosexual All Blacks player to openly declare his sexuality and act as a role model in the ...

Saudi- Community police await govt nod
The establishment of a community police force is awaiting directions of the Ministry of Interior, sources told Al-Eqtisadiah newspaper. ...

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