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Monday, March 25, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Skype faces ban in Saudi Arabia
WhatsApp, Viber and Skype users in the Kingdom face the risk of being barred from these applications if the owners of these communication ...

Kuwait- Wataniya Telecom posts net profit of KD 75.5 mln in 2012
Kuwait's telecom giant Wataniya Telecom posted KD 75.5 million in net profits for 2012, compared with $362.1 million a year ...

Saudi- Ministry signs water and sanitation agreements worth SR 452 million
The Minister of Water and Electricity, Abdullah bin Abdulrahman Alhasin signed contracts for the implementation of water and sanitation ...

Saudi- Shops face obstacles in employing women
Nearly 30 percent of abaya, night-wear and wedding dress stores may close or be sold at prices ranging between SR 500,000 and SR 1 million ...

KSA female employment rate among lowest in MENA region
Saudi Arabia has one of the lowest female participation rates in the work force in the region, a recent World Bank report has found. "The ...

Saudi- Bad blood reportedly found at hospital
At least 13 two-week-old expired blood bags were reportedly discovered at King Saud Hospital blood bank refrigerators during an inventory ...

Arabtec signs contract for 23-story twin-tower project
Dubai-based contractor Arabtec, part-owned by Abu Dhabi state fund Aabar Investments, signed an AED 500 million contract to ...

Saudi- Personal loans: Banks push for more clients
Local banks are vying to expand their loans to a greater number of customers, particularly employees in both the public and private ...

Makkah automobile city to be ready soon
Efforts are under way to establish a new industrial city in Makkah on an area of 7.6 million square meters, said Ameen Naib Al-Haram, assistant ...

Saudi- Real estate shares advance 1.43%
It turned out to be largely positive for investors yesterday, as Saudi Arabia's benchmark stock index recorded a gain of 0.61 percent, which is ...

Saudi nonoil sector growth to remain above 7% in 2013
Saudi Arabia's real GDP growth is expected to rise by 3 percent in real terms, driven by the vibrant nonoil sector that will offset the decline ...

Eurogroup talks on Cyprus start four hours late
Talks with Eurogroup partners on conditions for resurrecting a Cyprus bailout to avert a looming banking system meltdown finally got under way after ...

Cypriots protest against 'economic WWIII'
Hundreds of Cypriot demonstrators rallied outside EU offices and the presidential palace in Nicosia on Sunday calling on the government to defy ...

China's Sinopec says net profit down 12.8% for 2012
Chinese oil giant Sinopec's annual net profit for 2012 fell 12.8 percent year-on-year, the firm said, with high crude-oil costs and a slowdown in the ...

Are US Navy's super carriers a relic of wars past?
Budget pressures at the Pentagon have renewed a debate about the value of the US Navy's giant aircraft carriers, with critics arguing the warships ...

Indonesia denies mutilation in circumcision traditions
Thrashing wildly, five-year-old Reta wails as she is hoisted onto a bed during a circumcision ceremony in a school-hall-turned-clinic on Indonesia's ...

Two main Cyprus banks slash ATM withdrawal limits
The two main banks at the centre of Cyprus's financial crisis slashed the daily cash withdrawal limits from ATM machines on Sunday, state media ...

Future of rescue deals lies in 'bail-ins': small euro states
Three small eurozone countries -- Finland, Estonia and Ireland -- said Sunday the private sector ought to be involved in future financial rescue ...

Scientists unravel genetic code of oesophageal cancer
Scientists said Sunday they had found mutations in 26 genes that may cause oesophageal cancer, a breakthrough they hope will lead to new drugs for ...

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