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Sunday, January 20, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

100 rich could end world poverty ... four times over
The world's 100 richest people earned enough money last year to end world extreme poverty four times over. The $ 240 billion net income of the ...

Saudi- Rents expected to fall 40% over three years
Real estate businessmen in Jeddah believe that the spiraling trend of house rents will be reversed and rent rates will fall by 40 percent over ...

US budget woes could hobble Asia outreach in Obama's second term
President Barack Obama wants Asia to be a growing focus of his foreign policy, but as his second terms begins, success could hinge on his ...

No more measures for Greece if reforms carried out: Lagarde
No additional measures would be necessary for Greece if it carries out the reforms under its bailout programme, IMF chief Christine Lagarde said in ...

Euro defender Juncker steps down after 8 years
Respected leader, defender of the euro and the wider European dream, Jean-Claude Juncker steps down this week as head of the eurozone finance ...

70 coffee shops shut down in Jeddah
More than 70 coffee shops have been closed down by Jeddah municipalities for violating the ban on smoking in public places that was issued ...

Saudi- SR 1.24 trillion record revenues during 2012
The Saudi economy has registered a record SR 1.24 trillion in actual revenues during 2012, yet liquidity levels remain relatively subdued, ...

Saudi Electricity posts SR 2.56 bn profit in 2012s
Saudi Electricity Company posted a net profit of SR 2.56 billion in 2012, compared to SR 2.21 billion in 2011, registering an increase of ...

Renewable electricity must compete harder
Growth in renewable electricity risks slowing in the world's two major economies in the near-term, especially if China can replicate US shale ...

Saudi- Mobily's Q4 net profit up 11% to SR 1.88 bn
Mobily's net profits during the fourth quarter of 2012 were SR 1.88 billion, compared to SR 1.70 billion for the same quarter of the previous ...

Broke Cyprus could be energy trump card: analysts
Europe should not worry about bailing out crisis-hit Cyprus because the island's huge untapped gas reserves will benefit the European Union by making ...

'After Tiller' gives voice to US abortion doctors
Forty years after the legalization of abortion in the United States, just four doctors offer controversial late-term procedures, and are the subject ...

Saudi Arabia gives $ 1.88 m for Rohingya resettlement
Saudi Arabia yesterday announced a contribution of $ 1.88 million toward UNHCR's humanitarian program in Myanmar providing shelter to Rohingyas ...

Saudi supports stability and development In Afghanistan
Abu Dhabi: Kingdom of Saudi Arabia has reaffirmed its continual provision of assistance and support to promote stability and development in ...

Saudi- SR 11 bn allocation to widen road network
The 2013 national budget has allocated SR 11 billion for 223 new road projects across the Kingdom, said Transport Minister Jabara Al-Seraisry ...

Saudi- $ 400 m deal signed to launch 6th generation satellite
Arab Satellite Communications Organization signed $ 400 million contracts to make and launch the sixth generation satellite ...

Iraq PM trades blame with Kurd leader
Iraqi Prime Minister Nuri Al-Maliki and the leader of the Kurdish region traded barbs yesterday, each blaming the other for an ongoing ...

IMF renews USD33.8b loan arrangement with Poland
The International Monetary Fund's first deputy managing director, David Lipton, stated that the fund's Executive Board has endorsed a new 2-year ...

From consul to terrorist
The moment I heard the name Iyad Ghali in relation to the events in Mali I started wondering if this is the same name, the same man and the ...

Brotherhood poll boycott stymies Jordan reforms
With just three days left ahead of Jordanian parliamentary elections, King Abdallah and representatives of the Muslim Brotherhood's political ...

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