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Monday, April 8, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- Officer accused of embezzling Dh5m
An officer of the General Directorate of Residency and Foreigner Affairs faced trial for embezzling more than Dh5 million from his ...

Arab Fund grants Egypt kd 44 mln
> Minister of Planning and International Cooperation, Dr. Ashraf El-Arabi signed here on Sunday with the Director General and ...

Saudi- Women paid 50 percent less than men in private sector
Women workers in the private sector earn on average SR 2,824 a month, while men get about SR 5,686, according to the Ministry of Labor's 2011 ...

BoJ ushers in 'easy money' era, but questions abound
The Bank of Japan's huge new easing measures mark its boldest bid yet to vanquish growth-sapping deflation, but observers warn there are no ...

In Washington, the Japanese art of cherry blossom viewing
With 3,000 Japanese cherry trees about to burst into full bloom, Washington is in eager anticipation of its annual cherry blossom celebration marking ...

Steep fall in Syria foreign trade in 2012: study
Syria suffered in 2012 an unprecedented decline in foreign trade, with exports falling by nearly 100 percent from a year earlier, according to an ...

Majority of Spaniards disapprove of king: poll
A slim majority of Spaniards disapprove of King Juan Carlos, an opinion poll published Sunday showed, after scandals over an elephant-hunting trip ...

Greek banks to be recapitalised separately: central bank
Greece's central bank on Sunday said the country's main four lenders would be recapitalised separately, a move that put on hold a planned merger ...

Portugal prime minister announces heavy spending cuts
Portuguese Prime Minister Pedro Passos Coelho on Sunday announced severe cuts in public spending following a decision by the constitutional court ...

New auto hub: KSA 'must target top producer status'
Saudi Arabia is fast emerging as a regional hub for the automobile industry. The signs are clear. Big and well-known players like Jaguar Land ...

Saudi- SR 951 m net profit for Riyad Bank
Riyad Bank announced its Q1, 2013 net profit of SR 951 million against SR 901 million for the same quarter of the previous year, an increase of ...

Saudi- Tourism and Media sectors gain over 4%
Despite a wide fluctuation, the Tadawul All-Share Index changed a little from earlier levels yesterday, declining merely 1.15 points or ...

GCC health care expenditure to reach $ 79 bn in 2015
Kuwait Financial Centre recently published the executive summary of GCC health care report. In this research note, Markaz analyzes ...

KSA needs 'friendlier business environment'
Saudi Arabia has plans for truck manufacturing and not car manufacturing as some tend to think. "I would like to see automotive manufacturing ...

FDI flow into GCC jumps 13.8% in 2012
The Gulf Investment Corporation stated that last year, foreign direct investment flow into countries of the Gulf Cooperation Council grew ...

Kuwait- Zain AGM approves dividend pay out of KD 0.5 per share
Kuwait-based, regionally operating mobile network giant, Zain in its annual general assembly meeting approved the board of directors' ...

Kuwait- Leave me alone, she is my wife I can do what I want with her
A Kuwaiti man recently who was beating his wife in broad daylight on the Ahmed Jaber Street in Sharq shouted at the passersby and said "Leave ...

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