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Tuesday, April 30, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

SR 1 billion housing deal unveiled at Riyadh expo
Property developers and investors need more solid information on available opportunities in the Kingdom and ways and means of securing them, a ...

Kuwait- Bomb scare leads to evacuation of private school
An unknown individual made a hoax call recently about a bomb in the premises of a private school in Hawally. Investigations are ongoing to ...

UBS quarterly profits slide 4.5 percent
Swiss banking giant UBS on Tuesday reported that net profit slid by 4.5 percent to 988 million Swiss francs in ...

BP says Q1 net profits triple to $16.86 bln
British energy giant BP said Tuesday that net profits almost tripled in the first quarter of 2013, boosted by the sale of its stake in Russian joint ...

Unilever makes $5.4 bn offer to raise stake in India unit
Food giant Unilever announced a $5.4-billion offer to raise its stake in its Indian subsidiary, eyeing explosive sales of branded consumer items to ...

Saudi- 8 get jail terms for terrorism
A special court in Riyadh has sentenced eight defendants from among a 12-member cell to different prison terms, ranging between four months and ...

Japan airlines report earnings amid Dreamliner woes
Executives at Japan's two biggest airlines said they were relieved the troubled Boeing Dreamliner was taking to the skies again as they reported ...

Boeing takes full-page ads in Japan papers
Embattled plane-maker Boeing took out full-page advertisements in major Japanese newspapers as it tries to piece together its reputation in the wake ...

Deutsche Bank shares soar on results, capital hike
Shares in Deutsche Bank soared by more than 7.0 percent after Germany's biggest lender unveiled a 2.8-billion-euro capital hike and a sharp rise in ...

Spain economy shrinks 0.5% in first quarter 2013
Spain's economy shrank 0.5 percent in the first quarter of 2013, official data showed, as a job-destroying recession gripped the struggling ...

Spain's Telefonica sells USD500m in assets to CMI
Telefonica announced that Corporacion Multi Inversiones will buy 40 percent of its assets in Central America worth USD500 million, reported Reuters. The ...

Bahrain adds USD79.56m to anti-inflation allowance
Bahrain announced that it boosted its anti-inflation allowance by USD79.56 million, to USD276.92 million, reported Arabian Business citing Gulf Daily ...

Jaguar Land Rover MidEast sales up 27% last year
Jaguar Land Rover MENA announced that its 2012-2013 sales grew 27 percent from the previous year, reported Arabian Business. The Luxury car manufacturer ...

Saudi- NWC and Jeddah Economic Co. ink SR 2.2 bn supply pact
The National Water Company agreed to an SR 2.2 billion supply deal with Jeddah Economic Co. Waled Abdul Jalil Batterjee, CEO of the ...

Cancer research often falls short: study
Cancer research tends to involve small studies focused on a single therapy, often falling short of scientific standards seen in other medical ...

Young obesity doubles death risk before 55: study
Men who are obese in their early 20s are twice as likely as peers of average weight to die before reaching the age of 55, a study said ...

Mediterranean diet helps beat dementia: study
A Mediterranean-style diet packed with fish, chicken and olive oil and low on fatty dairy products and meat may lower the risk of memory problems ...

Japan jobless rate hits multi-year low
Japan logged a modest pickup in factory output in March as the nation's unemployment rate hit a multi-year low, official data showed, with the ...

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