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Saturday, May 11, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

MENA's GDP growth to moderate at 3.1% in 2013
MENA's real GDP is expected to expand by 4.8 percent in 2012 influenced by the growth in oil exporting ...

Saudi- Sipchem announces start-up of ethyl acetate plant
Saudi International Petrochemical Company announced the start-up of ethyl acetate & butyl acetate plant owned by Sipchem ...

$ 600 bn Saudi projects to be awarded in 2013
The GCC projects industry is expected to have another stellar year in 2013 as the value of contracts to be awarded is expected to reach $1.35 ...

Lebanon gas reserves 'large and promising'
BEIRUT: Preliminary surveys of Lebanese offshore fields show reserves of 30 trillion cubic feet of natural gas and 660 million barrels of oil, ...

SEC keen to empower Saudi manufacturers
Commerce and Industry Minister Tawfiq Al-Rabiah has commended the keenness of Saudi Electricity Company to encourage national industries ...

HK's economy witnesses 2.8% expansion in Q1
On yearly basis, Hong Kong's economy rose by 2.8 percent during the first three months of 2013, reported Xinhua News. In the period, the growth was ...

German exports rise 0.5% in March
A 0.5 percent increase is noticed in the German exports in March compared to February, according to German Federal Statistical Office, reported Xinhua ...

Chrysler to withdraw 469,000 SUV's globally
Chrysler Group LLC announced that it's calling back 469,000 SUVs due to gearshift problem, reported Reuters. The US third-largest carmaker said that the ...

Govt studies ways to encourage high pay for Saudis
The Ministry of Labor has no plans to count a Saudi who receives a salary of SR 8,000 or more in the private sector as two in Nitaqat system. ...

Australia budget blues in land of mining boom
As China slows and Australia begins its painful transition away from a decade-long mining boom, Treasurer Wayne Swan will have little to offer voters ...

Sri Lanka sexes up image of Ceylon tea
A hot cup of Ceylon tea is better known as being soothing and relaxing, but Sri Lanka is now marketing its most profitable export as a luxury boost ...

Saudi- 'Lack of sleep affecting academic achievement'
A new international study, conducted by researchers at Boston College, concludes that Saudi Arabia has the third-highest number of ...

Saudi- Call for setting up judicial body to protect female inheritance
Female participants at a symposium entitled "Women, Commercial Inheritance and Family Rule" have called for "an independent body of a judicial ...

Saudi- With new rules, many expats change their minds
Tens of thousands of illegal expatriate workers have registered with their consulates over the past 30 days in an effort to get an airline ...

SR 2 bn SDF boost for Saudi export drive
The Saudi Development Fund has approved to finance a number of export operations of nonoil goods and services with a total value of more ...

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