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Saturday, March 2, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Samsung's $1 Billion Bill in Apple Case Reduced by $450 Million
A federal judge slashed nearly half of the $1 billion damage award a jury ordered Samsung Electronics to pay Apple Inc. after a ...

Obama signs order to begin sequester cuts
> US President Barack Obama signed here Friday evening a sequestration order cancelling USD 85 billion in budgetary resources ...

UAE- Arabtec Holding says Aabar Investments will not increase stake
> Aabar Investments will not increase its current 21 per cent stake in Arabtec Holding, according to the managing director of ...

Kuwait- KFH Turkey posts net profit of 250 mln TL, up 28 pct y/y
Kuwait Finance House "KFH" CEO and "KFH-Turkey" Chairman Mohammed Sulaiman Al-Omar said that "KFH-Turkey" maintained its rapid growth in 2012 ...

Syria and Iran top agenda of Kerry and GCC ministers
Syria, Iran and the Israel-Palestinian conflict will top the agenda at the meeting of the foreign ministers of the six-nation Gulf Cooperation ...

Saudi- More than 4,000 jobs on offer at TVTC employment forum
As part of the drive to employ young Saudis in order to meet Saudization requirements, the Technical and Vocational Training Council ...

Saudi Arabia accounts for 29% of GCC ad market
Saudi Arabia's advertising market is estimated at nearly SR 1.5 billion and accounts for 29 percent of the total GCC market, said Faras Adel ...

Saudi- GACA offers cheap fuel to woo airlines
Prince Fahd bin Abdullah, president of the General Authority for Civil Aviation, announced GACA's plan to provide jet fuel at discounted rates ...

Hundreds of thousands march against austerity in Portugal
Hundreds of thousands of people took to the streets of Lisbon and other Portuguese cities Saturday to protest against the government's austerity ...

Saudi Arabia spending poised to touch SR 1 trillion this year
Investment in infrastructure projects could provide a significant opportunity for investors in Saudi Arabia, as government spending is set to ...

US-EU trade deal is best stimulus: De Gucht
Europe's top trade official said Saturday that a proposed trans-Atlantic trade pact would be the best way to boost the sagging economies of both the ...

UAE- National Bonds unit holders surprised over falling rates
It was a surprising Saturday for National Bonds unit holders when they received an email in the morning that revealed a lower profit rate ...

Japan's Debt to Hit Historic High in March 2014
Japan's outstanding debt, including government bonds and borrowings, will be over 1,100 trillion yen, or about 11.9 trillion dollars by ...

Oil price likely to go further down this week -- Report
> The International Financial Brokerage Group reported Saturday that the oil prices hit a six-week low yesterday due to ...

Saudi Credit and Savings Bank Provides More Than Loans Worth 6.25 Billion In 2012
 Saudi Credit and Savings Bank provided loans amounting to SR 6.25 billion. The Bank's Spokesman Ahmed Al-Jibreen pointed out in ...

Grillo urges debt renegotiation for Italy: report
Beppe Grillo, whose anti-establishment party unexpectedly captured a quarter of the vote in Italy's inconclusive elections, wants to renegotiate his ...

China "fully prepared" for currency war: banker
A top Chinese banker said Beijing is "fully prepared" for a currency war as he urged the world to abide by a consensus reached by the G20 to avert ...

Toyota Posts Drop in New Car Sales in China
The Icy relations between Japan and China have hurt Toyota's sales of new cars in China. They fell more than 13 percent in the ...

US- Sinkhole that swallowed man grows deeper
Engineers are headed back to the site of Florida sinkhole to do more tests on the unstable and dangerous ground that swallowed a man in his ...

Pakistani Taleban threaten to bomb mobile phone shops
Pakistani Taleban have threatened to bomb a mobile phone market in the northwestern city of Peshawar for the "shameless" selling of video ...

45 inmates injured in Riyadh prison brawl
A number of inmates were injured in a brawl in the Malaz prison in Riyadh on Friday evening. "The dispute began with a mere exchange of ...

Sydney set to sparkle for gay pride parade
Up to 300,000 spectators were on Saturday expected to brave the rain to watch Sydney's annual Mardi Gras gay pride parade, with an emphasis on the ...

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