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Thursday, April 18, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US stocks slide on earnings, European gloom
US stocks closed sharply lower Wednesday in the wake of disappointing earnings reports and a 5.5 percent plunge in Apple shares, along with dreary ...

IMF chief to face court grilling in corruption probe
IMF chief Christine Lagarde has been summoned to appear before a court investigating alleged corruption during her time as a French government ...

UN tips faster Asian growth, urges poverty action
Asia-Pacific growth will edge up this year on the back of a recovery in the US and emerging nations, a UN study said Thursday, but it urged ...

Fresh financial crisis case against S&P in Australia
Lawyers who won a landmark case in Australia against Standard & Poor's over financial products that collapsed ahead of the financial crisis launched ...

In update, Moody's maintains Germany's 'Aaa' rating
The international ratings agency Moody's on Thursday issued a credit update of Germany, maintaining its top "Aaa" rating, albeit with a negative ...

Fresh worries on growth as IMF, World Bank meets open
Fresh worries of slowing growth and potential turbulence from a global flood of liquidity will be in focus when the world's central bankers and ...

Stage set for battle over Canada-US pipeline
A lengthy battle over the controversial Keystone XL pipeline, which aims to funnel oil from Canada's tar sands to coastal Texas, heads to the most ...

Transgender candidates stake claim in Pakistan vote
Stereotyped as dancers, beggars and prostitutes, Pakistan's vibrant but shunned transgender community is striking out into politics with individuals ...

Australian PM vows no change on gay marriage stance
Australian Prime Minister Julia Gillard vowed not to alter her stance on same-sex marriage despite New Zealand giving it the go-ahead, as hundreds of ...

UAE- Nakheel Q1 profit soars 36%
Dubai property developer Nakheel reported a 36 per cent increase in first quarter net profit on Wednesday, in the wake of the delivery of ...

Warning on consumer debt boom in Gulf
Household debt relief schemes being discussed in some Gulf countries could increase moral hazard, Fitch Ratings has warned. They need to be ...

Saudi- Employer abandons 82 workers
Eighty-two Indians working for a private contracting firm in Riyadh have been left stranded without food and water after their employer reneged ...

Saudi- Investors say rapid Saudization harmful
Saudi investors voiced their concern yesterday over the way the Ministry of Labor is going about Saudizing the country's business sector. The ...

Four Seasons to launch Dubai resort in late-2014
Four Seasons president of EMEA, Christopher Norton, announced that the US hotel operator will open its first resort in Dubai during next year's fourth ...

UAE oil revenues hit USD124.7b in 2012: IIF
The Institute for International Finance stated that the UAE's oil revenues rose by around 5 percent last year to nearly USD124.7 billion from USD119 ...

Beijing's Economy Accelerates
Beijing's economy expanded 7.9 % in the first quarter, with its GDP totaling 410 billion Yuan . According to ...

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