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Tuesday, April 23, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Online retailers under pressure with looming tax bill
The US Senate moved Monday toward expected approval of a bill that would subject online retailers to state sales taxes, cutting a advantage that ...

Netflix shares soar as ranks of viewers surge
Netflix shares jumped 24 percent in after-hours trade on Monday on earnings figures indicating that original programs and other tactics are luring ...

'Cinnamon challenge' game poses danger to lungs: report
Health experts warned Monday about serious risks from the "Cinnamon Challenge," a game popular with US teens, who ingest a spoonful of the pungent ...

Bacteria shows promise against pancreatic cancer: study
An experimental therapy that uses Listeria bacteria to infect pancreatic cancer cells and deliver tumor-killing drugs has shown promise in lab animal ...

China manufacturing slows in April: HSBC
Manufacturing activity in China slowed in April due to sluggish foreign demand, HSBC said Tuesday, in a sign of further weakness in the world's ...

Watchdog allows Virgin Australia's 60% stake in Tiger
Australia's competition regulator on Tuesday approved Virgin Australia purchase of a 60 percent stake in low-cost rival Tiger Airways Australia, ...

Motorola patent case against Apple tossed out
The US International Trade Commission tossed out a Motorola Mobility patent claim that threatened to block the import of some Apple iPhone models ...

Spain fights to lose status as drug gateway to Europe
Spain, the main gateway into Europe for cocaine and hashish, has stepped up the fight against drug trafficking by rings which are shifting their ...

Kuwait bourse climbs to 35-month high
Kuwait stocks covered more ground on Monday extending the gains to second consecutive day. The index rose 21.18 points in choppy trade to ...

Saudis struggle to save money, says survey
Sixty percent of Saudis save less than 10 percent of their monthly salary, according to a survey conducted by souqalmal.com. Saudis have been ...

Saudi- Tadawul takes upward turn
The Tadawul All-Share Index yesterday rose 25.13 points to finish at 7,124.3 after trading between 7,082.46 and 7,126.42. While curving ...

Saudi- Shoura denies suggesting new weekend
In an interview with Arab News, Fahd Al-Hammad, vice chairman of the Shoura Council, denied media reports that the council has approved a ...

Saudi- Another first: Women work in coffee shops
The Labor Ministry has said it is creating new jobs for women to decrease unemployment among women registered in the "Hafez" program. Today ...

Saudi- Sponsorship system must go, says NSHR
The National Society for Human Rights has called for scrapping the sponsorship system in the Kingdom and limiting the relationship ...

Bahrain's real estate market stabilizes: CBRE
CB Richard Ellis stated that the real estate market in Bahrain has stabilized in most regions, reported Arabian Business. CBRE said that the ongoing ...

Caterpillar's profit plunges 45% in Q1
Caterpillar's Chairman and CEO, Doug Oberhelman, announced that the company's profit slumped by 45 percent in the first quarter, reaching USD882 million, ...

China's 2012 external financial assets up by 9%
China's State Administration of Foreign Exchange announced that in 2012, the country's external financial assets rose by 9 percent to USD5.17 ...

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