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Sunday, May 12, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

'Dual-track' system likely to replace Libor: FT
A dual-track system combining survey-based rates and objective data is set to replace key global interest rate Libor, the Financial Times reported on ...

Samsung announces 5G data breakthrough
Samsung Electronics said Monday it had successfully tested super-fast fifth-generation wireless technology that would eventually allow users to ...

UAE- New land fee law
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in his capacity as ...

Saudi- Alhokair's net profit up 38.5% to SR 619.69 m
The net profit of Fawaz Abdulaziz Alhokair & Co. for the fiscal year ended March 31, 2013 is SR 619.69 million, an increase of 38.5 percent ...

UAE- More residents falling prey to online fraud
What was to be a dream vacation in Paris could have turned into a nightmare for Dubai resident Shyam Sunder had it not been ...

Dubai issues 4,582 business licenses in Q1
Economic activity in Dubai remained stable and escalated during the first quarter of 2013, according to the Department of Economic Development ...

Saudi patent system set to fuel economy
The wealth of nations comes from cutting edge research and development , technology, innovation and knowledge. In the Saudi system, we ...

Gulf GDP expected to grow 3.7% in 2013
The GDP growth in GCC countries is expected to be at 5.5 percent in 2012 benefiting from high oil revenues, led by higher oil production in ...

UK receives foreign offers to acquire the Royal Mail
According to what the British business minister said that there are many foreign buyers interested in acquiring the 5-century old postal service, reported ...

Gene clues for testicular cancer, heart defect
Separate studies of the human genome have found tantalising clues to the inherited causes of testicular cancer and non-inherited causes of congenital ...

Hong Kong transsexual wins fight to marry her boyfriend
A transsexual woman won a groundbreaking court appeal in Hong Kong Monday allowing her to marry her boyfriend and forcing the government to re-write ...

Mubarak: History will judge me 'fairly'
Ex-President Hosni Mubarak, on trial for the death of protesters during Egypt's 2011 uprising that toppled him, said future generations would ...

When parents can't afford"
 I was standing in a queue waiting to pay in a busy grocery shop when a little girl pushed her way to the front. The cashier stopped ...

Are you a valued customer?

Customer services is getting more and more interesting. Take this phone call for example. I call this airline and am faced with a few ...

Ladies swoon as Prince Harry begins US tour
Britain's Prince Harry broke hearts in Washington's corridors of power on Thursday, showing more interest in landmines than in the excited ...

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