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Monday, March 4, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Mixed reaction to expat retirement
Reactions to the Ministry of Labor's latest plan to force expatriate workers to retire at 60 are varied. While some human resources experts ...

Eurozone targets Cyprus bailout deal this month

Eurozone finance ministers said Monday that a long-delayed bailout for Cyprus could be fixed within 10 days after Nicosia agreed to submit its ...

Mexican drug lord booted from rich list
A feared Mexican drug lord who made an unusual addition to Forbes' list of top billionaires has been dropped from the latest ranking because his ...

Lines growing at US airports after budget cuts: Napolitano
Travelers at US airports are already being greeted with longer lines and delays due to government spending cuts launched last week, Homeland Security ...

Toyota makes first profit in Europe since 2007
Japanese auto giant Toyota's European business is set to turn a profit in the 2012-2013 financial year after a five-year hiatus, a senior official ...

HIV 'cure' in infancy, caution experts
AIDS experts cautioned Monday against hype of a cure after doctors in the United States suppressed HIV in a child born with the virus by ...

Mexico's Slim, Gates, Zara chief Ortega world's richest
Mexican tycoon Carlos Slim, Microsoft's Bill Gates and Zara fashion house boss Amancio Ortega of Spain topped the Forbes list of the world's ...

Dow sets new five-year high despite budget cuts
The Dow Jones Industrial Average defied the effects of new US spending cuts and pushed to a new five-year high Monday.At the closing bell, the Dow ...

Boeing to move "really fast' after FAA 787 approval
Boeing's commercial aircraft chief said Monday the company would move "really fast" to get its grounded 787s flying again after it wins approval from ...

Saudi's private sector firms report surge in output, new orders
The Saudi British Bank has published the results of the headline SABB/HSBC Saudi Arabia Purchasing Managers' Index for February ...

Saudi- Nitaqat: 48% firms in Red zone
Forty-eight percent of companies in the Kingdom out of 248,828 still remain in the Red zone of the Nitaqat system despite the Labor ...

Saudi- Media punished for promoting illegal drugs
Executive Vice President of the Saudi Food and Drug Administration Saleh Bawazeer said the Ministry of Culture and Information has taken ...

Saudi- Expert calls on women to invest frozen funds
An international expert on Shariah-compliant capital markets and treasury has called on Saudi businesswomen to invest funds that are kept ...

Australia parents face India surrogacy barriers
Babies born to Indian surrogate mothers for gay and single Australians may be left stateless and unable to leave the country after New Delhi changed ...

Mitsubishi, Shell get Canada gov''t approval to export shale gas
> Japanese trading house Mitsubishi Corp., Royal Dutch Shell plc and two other companies jointly have won approval from the ...

Japan''s JAPEX to buy 10 pct in Canadian LNG project
> A major developer of natural resources Japan Petroleum Exploration Co. said Monday it has agreed with Malaysian ...

Lies again, Mr. Blair!
IN his recent interview with BBC, Tony Blair desperately tried to justify the enormous loss of innocent lives since the Iraq invasion, which he ...

Study links HIV infection to heart attack risk
Being HIV-positive raises a person's heart attack risk by about 50 percent, said a study released Monday that confirms earlier findings.The study ...

Saudi- Concept of jihad to be made clear to younger students
In a move likely to be welcomed by parents and educationists, the Ministry of Education has decided to introduce the concept of jihad in ...

Saudi man kills former mother-in-law
A Saudi man committed suicide after he shot his ex-mother-in-law, injured both his ex-wife and her sister and set the house on fire yesterday ...

Saudi- Tough guidelines for minor marriage hailed
Proposed guidelines from the Ministry of Interior could make it tougher for girls below 16 to get married. Fahd Al-Bakran, a spokesman for ...

Kuwait- Ethiopian maid delivers baby in sponsor's kitchen
An Ethiopian housemaid delivered a baby in the kitchen of her sponsor's house in Qurtoba. The Kuwaiti sponsor of the housemaid called the ...

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