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Monday, May 20, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- Ex-Nakheel executive, compatriot jailed, fined
 A former executive manager of one of Dubai's biggest property companies has been sentenced to 10 years' prison alongside his Australian ...

KSA coronavirus deaths now at 16
 One of the patients being treated at a hospital in Al-Ahsa for coronavirus infection has died, bringing the total number of deaths in the ...

Saudi- GOSI eases burden on employers
The General Organization for Social Insurance is beneficial for and helpful to both workers and employers, according to experts in the ...

Saudi youth 'must brush up job skills'
 Saudi Arabia needs sectors that employ people, move the engine of the economy and help it achieve sustainability, says Nael Fayez, CEO of ...

Saudi- Food inflation in kingdom hits 6.2%
Food prices are the single largest contributor to overall inflation in Saudi Arabia, according to a recent report issued by Jadwa ...

Death Toll from E. China Plant Blast Hits 13
The death toll from a blast that ripped through an explosives manufacturing plant in east China's Shandong Province has climbed to 13, ...

Vitamin D from sun may treat asthma
 Time spent by asthma patients soaking up the sun may help in the treatment of the illness, a research has said. A team of scientists ...

Should we let wunderkinds drop out of high school?
It's one thing to say tech geniuses don't need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of ...

Yahoo unveils makeover of Flickr site
 Reinvigorated technology player Yahoo! Monday unveiled a dusted-off design of its Flickr photo platform only hours after the company's ...

UAE- Verdict in torture case on June 9
 The man sentenced to death for torturing his eight-year-old daughter to death has claimed in the Court of Appeal that his ex-wife cast a ...

Oman's GDP grew by 5% in 2012
 Oman's real GDP expanded steadily over the past few years, with an estimated growth rate of 5.0 percent in 2012, which was lower than ...

Saudi- National Water Company to invest SR 50 bn in new projects
The power and water sectors are experiencing a massive boom in Saudi Arabia, according to Abdulrahman Almutari, head of privatization at the ...

Nael Fayez: SR 2,400 expat fee will weed out unskilled labor
 The robust Saudi economy is passing through a unique phase providing innumerable opportunities for the first time in history. "So we need ...

Call for authority to regulate Saudi real estate market
The two-day Saudi International Real Estate Conference , organized by the National Real Estate Commission of Council of Saudi Chambers ...

US- Tivo's Q1 loss falls to USD10.3m
TiVo Inc. stated that it managed to lower its loss during the first quarter to USD10.3 million, down from a loss of USD20.8 million in 2012's same period, ...

The European dream finally fading away
 The European Union has asked its citizens to brace for further economic misery. In a report on European economic prospects released on May 3, ...

Jordan posts 40% jump in property trading in Jan-Apr
Jordan's Lands and Survey Department stated that between January and April, property trading surged by nearly 40 percent, reaching around USD2.9 billion, ...

Drake & Scull Construction secures USD459m Saudi contract
Drake & Scull Construction Saudi Arabia stated that it has secured a USD459 million contract from Lamar Investment and Real Estate Development Co, reported ...

Mosques become targets of Iraq's sectarian divide
Deadly attacks by militants on Sunni mosques and Shiite places of worship, using weapons ranging from bombs to mortar rounds, is raging in ...

Israeli action creates hurdles for Jordan govt
 An attempt in Jordan's Parliament to topple the government of Prime Minister Abdullah Ensour over his refusal to expel Israel's ambassador ...

Saudi- Anti-premature labor drug Ritrodine banned
 The Saudi Food and Drug Authority has canceled the registration of Ritrodine , which is used to stop premature labor. The ...

UAE- Man caught promoting heroin
An Asian man has been arrested after a sting operation carried out by the Dubai Police foiled his attempts to promote large quantities of ...

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