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Sunday, April 14, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Five insecticide deaths set alarm bells ringing
Five people died in their homes on Friday because of illegal insecticides, according to Civil Defense sources. The bodies have been transferred ...

Pfizer reinforcing investments in KSA to help shape the future
Pfizer is committed to the development of the Saudi pharmaceutical industry in so many ways involving direct and indirect investment. "A ...

Saudi- Yanbu Cement's sales propel 70 percent jump in net profit
Yanbu Cement Company has attributed good sales to its whopping 70 percent increase in Q1, 2013 net profit to SR 247 million from SR 144 ...

China media urge eating poultry despite bird flu
China's poultry industry lost 10 billion yuan in the week after the H7N9 bird flu virus began infecting humans, state-run media said ...

Saudi- NCB's Q1 net income hits SR 2.33 billion
The National Commercial Bank announced that its net income for Q1, 2013 reached SR 2.33 billion compared to SR 1.95 billion for the same ...

Saudi- SAFCO Q1 profit rises 18%
Saudi Arabian Fertilizer Co., an affiliate of Saudi Basic Industries Corp., posted an 18 percent increase in first-quarter profit. ...

Banque Saudi Fransi net profit falls 13.3%
Higher operating costs have resulted in a 13.3 percent decrease in Banque Saudi Fransi's Q1 2013 net profit of SR 684 million compared to ...

Saudi- India backs Nitaqat: Removal of illegals to help genuine workers
The Kingdom's Nitaqat drive targeting illegals has received support from India. India's External Affairs Minister Salman Khurshid said the ...

Saudi- Arriyadh Development Co. earnings up 23%
Revenue increase through the land sale is attributed by Arriyadh Development Company for its net profit increase to SR 115 million in Q1, ...

Egypt lowers growth forecast to 2.5%
Egypt's planning minister, Ashraf El-Araby, revised down the country's economic growth forecast for the current fiscal year ending June, his second ...

Dubai's property prices jump 18% in Q1
Jones Lang LaSalle latest report showed that during the first quarter, property prices in Dubai grew by nearly 18 percent from a year before, ...

IMF expected to reduce global GDP growth forecast by 0.1%
The International Monetary Fund , which has reduced its projections for the global growth for 2013 from 3.6 percent to 3.5 percent in January, is ...

China's GDP growth eases to 7.7% in Q1
China's National Bureau of Statistics announced that during the first 3 months of the current year, the country's gross domestic product growth ...

US March PPI falls 0.6%
The US Labor Department announced that on a seasonally adjusted basis, the country's Producer Price Index went down 0.6 percent in March, reported ...

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