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Friday, March 22, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

New BlackBerry phone launched in US in key test
The newest version of the BlackBerry smartphone went on sale in the United States on Friday in what is seen as a crucial test for the struggling tech ...

Ex-Cyprus central bank chief rues EU 'blackmail'
A former governor of the Central Bank of Cyprus on Friday accused the EU of "blackmail" in its bailout plan for Cyprus and said its approach to the ...

US orders 149 airport towers shut due to budget cuts
The US Federal Aviation Administration ordered the shutdown of air-traffic control towers at 149 small airports due to budget constraints after the ...

Saudi- Marriage courses to reduce divorce cases in Kingdom
Social Affairs Minister Yousuf Al-Othaimeen said on Tuesday that the Cabinet decision to hold special courses for new couples would reduce the ...

Audi surpasses 2012 targets, adds Ducati to brand portfolio
AUDI GROUP has surpassed its targets for the year 2012. Despite the significant effects of the debt crisis in some countries and a contracting ...

Saudi- Village for visually impaired to cost SR 350 m
A charitable village for the visually impaired will be set up in the Osfan area in the outskirts of Jeddah spanning an area of around 2.2 ...

Saudi- $ 4 bn ship repair yard planned in Ras Al-Khair
Saudi Aramco and STX Heavy Industries Co. of South Korea plan to build a $ 4 billion ship repair and fabrication yard at Ras Al-Khair, about 60 ...

China's CNOOC reports USD10.24b profit for 2012
The China National Offshore Oil Corporation Limited announced that its 2012's net profits went down by 9.3 percent from a year before to USD10.24 ...

Saudi- SR 499 million deal for industrial city
The Ministry of Commerce and Industry has signed a contract worth SR 499 million with a national company to develop the second phase of the ...

Shale oil 'unlikely to hurt Saudi exports'
The entry of shale oil into world markets is not likely to pose any major challenge to conventional oil exporters such as Saudi Arabia in the ...

EU, Japan postpone summit over Cyprus crisis
European Union leaders have announced the indefinite postponement of a key summit with Japan intended to launch crucial free trade negotiations next ...

Cyprus moves closer to meeting bailout deadline
Cyprus was a step closer to meeting a Monday deadline to rescue an EU bailout after parliament, in a late-night session, backed the first three of ...

Toyota to lift domestic output due to weak yen
Toyota Motor plans to raise domestic production during the April-September period by about 10 percent from its earlier estimate thanks to the recent ...

Boeing to slash up to 2,300 jobs in Seattle area
US aerospace giant Boeing said Friday it would cut between 2,000 to 2,300 jobs by the end of the year in the Seattle region as it winds down ...

Pope's Argentine church divided by 'Dirty War'
The election of Pope Francis has prompted soul-searching in his native Argentina, where the 1970s "Dirty War" between a military junta and leftist ...

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