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Saturday, May 25, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Bankia sells City National Bank for 683m euros
Spain's bailed-out lender Bankia on Friday announced it would sell City National Bank of Florida to Chile's BCI for around 683 million euros <$883 ...

Bausch & Lomb near $9 bn sale to Valeant: source
Canadian pharmaceutical company Valeant is close to a deal to acquire US eye health company Bausch & Lomb for about $9 billion, a person familiar ...

Chile slaps $16 million fine on Canada mine company
Chile's environmental authorities slapped a $16.4 million fine Friday on Canadian mining company Barrick Gold for "serious" violations at its ...

In Stockholm's suburbs, unemployment stokes unrest
Behind the well-kept lawns and flowerbeds of Husby, the immigrant-heavy Stockholm suburb where riots have raged for five straight nights, ...

Saudi- Walls to be built around rail tracks at holy sites
Work is now under way to build a wall encircling the train tracks connecting the holy sites at Makkah, an official of the Ministry of Municipal ...

$ 15 bn 'KSA help' to end Pak energy crisis
Saudi Arabia is expected to extend a bailout package of about $ 15 billion to Pakistan. It will help the country's highly indebted energy ...

Jobs provided for Saudi women in bakeries
The Ministry of Labor has undertaken several measures to encourage Saudi women to enter the workforce and has recently announced it will ...

Expansion to up Riyadh airport capacity to 35 m
The new expansion plan for Riyadh's King Khaled International Airport aims at increasing its capacity from 12 million to 35 million, said ...

Jeddah food and hotel expo sets new standards
Saudi Food & Hotel and Hospitality Expo 2013 has been hailed as a major success as it concluded a four-day run in Jeddah. Organizers said the ...

Riyal-dollar peg 'serves interests of Kingdom'
The Saudi riyal peg to the US dollar will continue as it serves the national economic interest of the Kingdom as well as of those which have ...

Saudi- Insurance firms win weekly race
Saudi stocks spent the entire last week with impressive gains. The Tadawul All-Share Index reflecting an upward march throughout the ...

New real estate fund from Saudi Fransi Capital
Saudi Fransi Capital has launched its new fund, the Saudi Fransi Real Estate Fund. The new fund seeks to achieve capital growth, by developing ...

Aston Martin's new CC100 Speedster Concept debuts
ASTON Martin celebrated its centenary in world-class style with its debut on May 19 of the exceptional CC100 Speedster Concept. Created as a ...

When Typhoons scramble to resolve family fight aboard PIA flight
British police arrested two men on a Pakistan International Airlines plane after fighter jets were scrambled to escort it to a London airport ...

Obama resets 'war on terror'
Twelve years after the "war on terror" began, President Barack Obama wants to pull the United States back from some of the most controversial ...

Argentina's industrial production up 1.7% last month
Argentina's INDEC national statistics institute announced that the country's industrial output grew by 1.7 percent last month on annual basis, reported ...

US reports 3.3% rise in April's durable goods orders
The US Commerce Department announced that durable goods orders rose by 3.3 percent last moth from March to USD222.6 billion, reported Xinhua News. The ...

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