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Tuesday, February 12, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi private sector pays the least among GCC nations
A study conducted by the World Bank in conjunction with the Saudi Ministry of Planning showed that Saudis are the least paid in the private ...

Jacobs boosts role in $ 1 bn Saudi refinery project
Jacobs Engineering Group Inc. has announced that it has been awarded a contract from Saudi Aramco Lubricating Oil Refining Co. to ...

US budget posts first surplus in four months
The US government budget showed a surplus in January for the first time since September as the overall budget deficit trended lower, Treasury ...

Saudi- Al-Rabiah opens SR 120 m power transformer factory
Commerce and Industry Minister Tawfiq Al-Rabiah yesterday inaugurated a number of plants, factories and training institutes, including the ...

Mursi faces tough challenge
As Egyptians celebrated the second anniversary of former President Hosni Mubarak's ouster, protests organized by opposition groups continued ...

Qatar seeks a bigger role in Middle East
In the center of Cairo, young men hold up a burning flag for the cameras to show their fury at a nation they believe is meddling in their ...

New UAE policy to attract more GCC medical professionals
In future, government services will be more accessible and easier for the public, says Dr. Salem Al-Darmaki, undersecretary at Ministry of ...

Yahoo! buys iPhone app maker Alike
Yahoo! on Tuesday said it acquired the startup behind an iPhone application that lets people know if nearby venues are like places that suit their ...

EU urges ArcelorMittal to suspend closures
The EU executive on Tuesday said it had asked ArcelorMittal to suspend the closure of sites in Europe pending the launch of a pan-Europe plan to save ...

Bahrain's GDP expanded by 3.9% in 2012: EDB
Bahrain's gross domestic product has expanded by 3.9 percent in 2012, as bigger contribution from non-oil sectors helped offset lower oil output, ...

Omani alert on fake Indian currency circulating in Gulf alarms expatriates
The Central Bank of Oman's advisory to Omanis and expatriates not to carry Indian currency has caused consternation among the large ...

Comcast buys remaining NBCU stake for $18.1 bn
Comcast Corp. agreed Tuesday to buy the remaining 49 percent stake in media-entertainment giant NBCUniversal from its joint venture partner General ...

G7 says 'excessive' currency volatility hits stability
The Group of Seven top industrialised nations said on Tuesday that "excessive volatility" in exchange markets undermines stability, in a statement by ...

Ryanair says Brussels to block Aer Lingus takeover bid
Irish no-frills airline Ryanair said Tuesday that the European Commission would block its takeover bid for rival carrier Aer Lingus on grounds of ...

Apple still has 'magic,' innovation, says CEO Cook
Apple remains ahead of its rivals in the ability to innovate and "create magic" despite tougher competition in key sectors like smartphones and ...

Evictees commit suicide as Spain debates reform
A retired couple in Spain killed themselves Tuesday because they faced eviction, police said, as lawmakers considered legislation to save ruined ...

Tunisia and Egypt on the brink
Last week's murder of leftist Tunisian opposition figure Chokri Belaid has sparked unrest across the country and ignited a political crisis ...

Syrian fighters seize key airport
Fighters yesterday overran a military air base and captured warplanes, a day after seizing control of Syria's largest dam as they pushed an ...

Saudi- Indonesian maid cleared in death of 3-month-old boy
An Indonesian maid accused of murdering the three-month-old boy, Mishari, was cleared of charges yesterday by the General Court in ...

Kuwaiti man threatens to kill Jordanian lady after rejection
Police have issued an arrest warrant against an unidentified Kuwaiti man for threatening to kill a Jordanian woman, reports Al-Rai ...

Britain raids suppliers over horsemeat 'kebabs'
British officials and police raided two meat plants on Tuesday as part of investigations into a Europe-wide scandal over the labelling of horsemeat ...

Pre-pregnancy folic acid linked to lower autism risk
Children born to women who started taking folic acid supplements four to eight weeks before pregnancy appear to be at a lower risk of autism, a study ...

French parliament adopts gay marriage law
France's National Assembly voted Tuesday to adopt legislation allowing homosexual couples to marry and adopt children, and the law will now go for ...

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