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Tuesday, April 30, 2013

MENAFN Summary- Daily Business News

MENAFN Summary - Daily Business News
   
Middle East North Africa - Financial Network
 

Britons join challenge to live below poverty line
Kathy Trevelyan pushes the bland mixture of gloopy rice and cubes of vegetables around the plate with her fork, contemplating five days of eating ...

UAE- Aldar Q1 earnings fall 68% to Dh154.3m
Abu Dhabi's biggest realty firm Aldar Properties' net profit fell 68 per cent in the first quarter of the year to Dh154.3 ...

UAE- Global FDI flow to hit $1.4 trillion
The global flow of foreign direct investment, or FDI, a driving force in the globalisation process, is poised to stage a recovery in 2013 ...

Saudi- Media sector dominates market performance
The Saudi stock market continued its positive movement, marking another gain of 0.18 percent yesterday. The Tadawul All-Share Index , ...

British Petroleum Posts First Quarter Profits Of $16.5 Billion
British Petroleum's sale of its Russian joint venture helped make its cost profit in the first quarter of 2013 more than triple in ...

Unemployment in EU, Euro zone up again
> Euro zone unemployment rate was 12.1 percent in March, up from 12.0 percent in February. Unemployment rate was 10.9 percent, ...

Cyprus approves USD13.10b EU, IMF bailout deal
The Cypriot parliament approved the USD13.10-billion bailout agreement with the Eurogroup and the International Monetary Fund , reported Xinhua ...

Google Plus racks up followers, but not all are devoted
When Google launched its social networking service, Google Plus, during the summer of 2011, tens of millions of people clamoured to sign up for an ...

First Australian banknote set to fetch $3.6 million

Australia's first banknote, printed 100 years ago and found in a letter in England in 1999, has gone on sale for Aus$3.5 million , ...

Saudi- US Energy Independence Idea 'Naive': Naimi
Saudi oil minister Ali al-Naimi on Tuesday called the US push for energy independence "naive," saying the country will continue to need ...

Qatar- Ooredoo Announces its Q1 Financial Results
Ooredoo on Tuesday announced results for the three months ended 31 March 2013: a quarter in which the Group launched a ...

KIPCO posts KD 8.6 mln in net profits for Q1 ''13
> Kuwait Projects Company announced on Tuesday that it secured net profit of KD 8.6 million and ...

UAE- Sorouh Q1 
earnings 
surge 21.6%
Sorouh Real Estate's profit climbed 21.6 per cent in the first-quarter of 2013 compared to the same period last year. The rise in ...

UAE- RAK Properties posts Q1 profit of Dh40.1m
RAK Properties, Ras Al Khaimah's biggest property developer listed on Abu Dhabi Stock Exchange, has earned a net profit of Dh40.1 million ...

Saudi- Two brothers drown at dam; four die in Al-Kharj
Civil Defense divers recovered the bodies of two brothers who died after drowning at the overflowing Klakh Dam south of Taif yesterday. The two ...

'4Real'?, New Zealand reveals banned baby names
New Zealand officials released a list of baby names put forward by parents that were rejected because they were too bizarre or offensive, including ...

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