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Saturday, May 4, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Dollar slips despite strong US jobs report
The dollar fell against the euro Friday despite a strong US April jobs report that otherwise sent stock markets and oil prices soaring.Analysts said ...

US factory orders plunge 4.0% in March
New orders for manufactured goods plunged in March, mainly due to a steep decline in transportation orders, government data released Friday ...

Kuwait crude exports to China up 77.5% in March
Kuwait's crude oil exports to China jumped 77.5 percent in March from the previous month to 730,000 tons, equivalent to around 173,000 barrels ...

Saudi group to sue S. Korean firms for dumping
A group of Saudi private and government business entities plan to sue some South Korean firms for allegedly dumping products, notably in the ...

Saudi- Kingdom's nominal GDP to hit SR 2.81 trillion
Saudi Arabia's budget and external surpluses are expected to reach a new record level in 2013 due to high level of production and strong oil ...

Iraq using fake bomb detectors
 \A policeman in Baghdad knows the bomb detector he uses is fake, and will do virtually nothing to save anyone's life, but he has his ...

Degree of success: Emirati women seek career boost
A number of qualified Emirati women flocked to the UAE's largest careers exhibition that concluded yesterday at Dubai World Trade ...

Saudi- Cement company shares gain by 3.5%
Saudi stock market continued its positive movement for the second consecutive week, marking another gain of 0.67 percent. The Tadawul ...

Ireland reports 15% rise in GCC visitors
Tourism Ireland stated that year to date, tourists coming to the country from the Gulf Cooperation Council states climbed by 15 percent compared with ...

Abu Dhabi's Taqa eyes bond sale in Q4
Abu Dhabi National Energy Co CFO, Stephen Kersley, announced that the utility and oil producer is considering a bond sale during 2013's fourth ...

M&As in ME hit USD1.77b in April
According to Zephyr, the M&A database published by Bureau van Dijk, last month's mergers and acquisitions in the Middle East increased to USD1.77 ...

Netherlands' real GDP to shrink 0.8% in 2013
The European Commission stated that the Netherlands' real gross domestic product is projected to contract 0.8 percent during the current year, ...

Berkshire Hathaway's Q1 profit up to USD4.89b
Berkshire Hathaway Inc announced that its first-quarter profit surged by around 51 percent to USD4.89 billion, compared with USD3.25 billion a year before, ...

US April jobless rate falls to 7.5%
The US Labor Department stated that the country's jobless rate in April declined to 7.5 percent, compared with 7.6 percent a month before, reported Xinhua ...

Volvo posts 99.1% plunge in 2012's profit
Volvo Car Group's President and CEO, Hakan Samuelsson, announced that the company's 2012's profit plunged by 99.1 percent to nearly USD2.75 million, from ...

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