Kumaresan Selvaraj pillai


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Tuesday, May 21, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- Apartment rents skyrocket by 30% this year
 In a surprising move, rent prices for apartments and villas shot up by 30 percent, according to real estate experts. Experts say the rent ...

Saudi- Factory setting example to employ women in farm sector
The largest fruit and vegetable factory has opened its doors to Saudi women for the first time, hiring 100 female employees and aiming to hire ...

SR 1 bn Saudi Electricity contracts for Siemens
Siemens, a global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and health care ...

Qatar's GDP expected to grow 5.2% in 2013
 Since 2011, Qatar has successfully completed its 20-year investment plan to commercialize its natural gas reserves, the third largest ...

EU leaders face tough talks at tax fraud summit
Leaders of recession-hit Europe take a fresh stab at fighting tax fraud and evasion worth a trillion euros a year at a summit Wednesday but seem ...

New Xbox One unveiled as home entertainment hub
Microsoft staked a claim to the Internet Age living room with an eagerly awaited new generation Xbox One console touted as a home entertainment hub ...

US Congress grills former IRS boss over tax scandal
Under fierce questioning by US lawmakers, the political appointee who headed the IRS during the tax agency's targeting of conservative groups ...

World not ready for mass flu outbreak: WHO
The world is unprepared for a massive virus outbreak, the deputy chief of the World Health Organization warned Tuesday, amid fears that H7N9 bird flu ...

Britain's gay marriage bill passes major hurdle
A bill to legalise gay marriage in Britain passed a crucial hurdle in parliament on Tuesday, despite efforts by lawmakers from Prime Minister David ...

Muslim religious leaders meet Holocaust survivors, heroes
Muslim religious leaders from across the globe met with Holocaust survivors and their saviours in an emotional encounter Tuesday at Warsaw's ...

SkyWest says to buy 100 Embraer jets
SkyWest, Inc. announced Tuesday it has struck an agreement with Brazil's Embraer for the purchase of 100 new E175 jet aircraft, with 40 considered ...

Carlos Slim company to buy US mobile phone firm
Mexican phone giant America Movil, owned by billionaire Carlos Slim, announced Monday that its US unit reached a deal to acquire US mobile phone ...

Gulf women drivers reject the idea of removing veil
A proposal to make it illegal to drive vehicles in the Gulf States while wearing the veil could hamper efforts by Saudi women to drive cars in ...

Saudi- 201,000 illegal workers deported in past 3 months
 The Passport Department has deported 201,000 illegal workers, including Syrians, in the past three months. "We won't force them to travel ...

Britain's inflation falls to 2.4% in April
Britain's consumer price index fell to 2.4 percent in April on annual basis, reported Xinhua News. One of the main reasons that caused this fall ...

Siemens secures USD266m Saudi contracts
Siemens Saudi Arabia's CEO, Arja Talakar, announced that the power firm has been granted two contracts from Saudi Electricity Company , worth a ...

KSA heading for 7.6% nonoil growth in 2013
 Inflationary pressure is likely to continue to remain subdued in the Kingdom this year in the absence of external shocks to food prices, says ...

IMF sees Saudi economic slowdown, warns of inflation
Saudi economic growth will slow to 4.4 percent in 2013 from 6.8 percent last year due to an expected fall in oil production, and cuts in ...

Saudi- Ten more arrested in Iranian espionage case
An official spokesman from the Saudi government has confirmed the arrest of 10 people involved in an Iranian espionage cell who were allegedly ...

Nobel laureate plays down flu pandemic scaremongering
A Nobel prize-winning scientist Tuesday played down "shock-horror scenarios" that a new virus strain will emerge with the potential to kill millions ...

Accidental find shows Vitamin C kills tuberculosis
Scientists said Tuesday they had managed to kill lab-grown tuberculosis bacteria with good old Vitamin C -- an "unexpected" discovery they hope ...

SARS-like virus victim dies in Tunisia
A man travelling from Saudi Arabia who was infected with the SARS-like coronavirus has died in Tunisia, the health authorities said on Tuesday."It is ...

Church of Scotland votes for gay ministers
The Church of Scotland on Monday voted to allow gay ministers following years of debate between the liberal and traditionalist sides of the ...

Pope statue unveiled in Italian potato field
The first-ever statue of Pope Francis has been unveiled in a potato field near Naples -- an unorthodox homage to the fact that the Argentine pope's ...

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