| Dutch to cut 4.3 bn euros to hit EU deficit ceiling
 The Netherlands' Liberal-Labour coalition government said Friday they had agreed to slash over four billion euros from the 2014 budget in the hope of ... US consumers boost spending in January
 US consumers increased spending in January despite a sharp drop in income linked to 2013 tax changes, government data released Friday showed.Personal ... US economy can weather short sequester storm: S&P
 The United States economy can weather the drastic spending cuts known as the sequester if they are short-lived, ratings firm Standard & Poor's said ... Political deadlock ups Italy rating pressure: Fitch
 Fitch on Friday warned political deadlock in Italy following elections this week in which no party won an overall majority added downward pressure on ... Oil rises above $112 on central banks' outlook
Brent crude oil rose above $112 a barrel on Thursday, supported by renewed confidence that major central banks would keep taking steps to ... Chavez 'critical'
 Venezuela's vice president has said that President Hugo Chavez is battling for his life while his treatment continues after his cancer ... Cambodia orders action to stop deadly bird flu
 Phnom Penh on Friday ordered urgent action to stem the "worrying" number of bird flu deaths in Cambodia, following a surge in the number of ... HP, Cosco reach deal on Greek hub
 Hewlett Packard on Friday sealed a deal with Chinese shipping giant Cosco to move a key part of its regional supplies through the main Greek port of ... Judge cuts $450 mn from $1 bn Samsung-Apple penalty
 A judge invalidated some $450 million of a $1 billion award to be paid by Samsung in a landmark patent lawsuit from Apple, saying the calculation ... Experts express apprehensions about impact of mortgage law
 Although real estate loans in Q1, 2012 increased by SR 29.3 billion, experts still consider real estate debts as risky even after the ... Saudi- Market cap declines to SR 1.43 trillion Despite closing higher for three days during the week, Saudi Arabia's benchmark stock index delivered negative end results last week. The ... UAE- New Emaar project posts record as registration closes in less than an hour Emaar Properties closed online registration for its newest project in Downtown Dubai, The Address Residence Sky View, in less than one hour ... Oman fund acquires 41% stake in Onic Oman Investment Fund, or OIF, a sovereign wealth fund of the Sultanate of Oman, announced that it has acquired a 41.13 per cent holding, ... GCC oil sector growth seen to slow on output decline Real hydrocarbon sector's gross domestic product, or GDP, growth in the GCC is expected to decelerate from 4.5 per cent in 2012 to around one ... Egypt to invite IMF team for loan talks Egypt will invite the IMF on Thursday to reopen negotiations on a $4.8 billion loan, state newspaper Al Ahram reported, and the investment ... Pfizer opens new chapter between Saudi-US ties with new plant
 The burgeoning Saudi-American trade ties received a big boost with the world's most famous pharmaceutical industry leader, Pfizer, deciding to ... 8 die, 9 missing as restaurantboat sinks in Baghdad river A crowded floating restaurant loaded with dozens of guests sank in the Tigris River in central Baghdad late yesterday, leaving at least eight ... Saudi companies slow in adopting 'green' measures
 Manufacturing operations in Saudi Arabia lag far behind those in most other countries when it comes to utilizing environmentally sound ... Harlem Shake performed to embarrass Brotherhood Egyptian protesters gathered at the headquarters of the country's most powerful group and did the Harlem Shake while chanting "Leave! Leave!" ... Saudi- Indian expats fail to capitalize on India's growing economy
 Indian expatriates in Saudi Arabia struggle when they are repatriated to India, said Zahid Ali Khan, the chief editor of India's largest Urdu ... Partnership to bring major network modernization to Kuwait
 Wataniya Telecom, a leading mobile telecom operator in Kuwait, and Huawei, a leading global information and communications technology ... Ramco signs five-year contract with Emirates
 Ramco Systems, the global aviation software provider, has signed the master supply agreement with Emirates to provide global class software ... Eurostar to market Real Madrid beverage in UAE Eurostar Group, a Dubai- based diversified business conglomerate, has launched the Real Madrid energy drink in the UAE. The company has ... | 
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