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Tuesday, May 28, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- Al Noor Hospitals Group to launch IPO in June
Al Noor Hospitals Group's chief strategy officer, Sami Alom, announced that the healthcare provider plans to launch an initial public offering on the ...

Number of UK stores to drop 22% by 2018
According to a new research published by the Center for Retail Research, the number of stores in Britain would decline by 22 percent from the current ...

SoftBank, Sprint get security green light for merger
Japan's SoftBank and US-based Sprint Nextel reached an agreement with the US government aimed at protecting national security as part of their ...

French police detain judge in case linked to Lagarde
French police have detained a judge and a lawyer for questioning in connection with a corruption case linked to IMF chief Christine Lagarde, judicial ...

Saudi Aramco boosts 2012 oil output to 3.479b barrels
Saudi Aramco announced that its oil output in 2012 hit 3.479 billion barrels, up from 3.310 billion barrels a year earlier, reported Gulf Daily ...

Hungary's CB slashes benchmark rate by 0.25% to 4.50%
Hungary's central bank lowered the two-week deposit rate by 0.25 percent to 4.50 percent, reported Xinhua News. The National Bank of ...

Japan, Russia to jointly develop oilfield
Japan and Russia on Wednesday signed a deal that will see them jointly explore and develop a potentially lucrative oil and gas field off Russia's Far ...

France in firing line as EU sets economic guidelines
Struggling France will likely be the focus Wednesday when the European Commission sets down the economic and fiscal lines it expects EU member states ...

IMF cuts 2013 China growth forecast to 'around 7.75%'
The International Monetary Fund expects China's economy to grow "around 7.75 percent" in 2013, a top fund official said Wednesday, lower than the 8.0 ...

"French San Francisco" braces for first gay wedding
International media have begun converging on the "French San Francisco" where the country's first official gay wedding is due to take place Wednesday ...

Mercedes recalls 6,000 cars over airbag problem
Mercedes-Benz is recalling about 6,000 cars of its new A-class because of a possible flaw in the cover of the passenger-side airbag unit, the German ...

UAE solar power capacity to reach 20GW by 2030
 The UAE could economically deploy solar power generation capacity of more than 20GW by 2030 if avoided and opportunity costs of new fossil ...

Saudi- 270 m $ IDB deals to boost ventures in Uzebekistan
 Uzbekistan's First Deputy Prime Minister and Minister of Finance of Rustam Azimov signed two agreements with the Islamic Development Bank ...

Saudi firms forge new links at WEF
The World Economic Forum held in the Dead Sea over the past week concluded with a great and positive Saudi impact. Many Saudi ...

Saudi- 5 new coronavirus cases found in eastern region
 Five new cases of the coronavirus infections have been recorded in the Eastern Region, the Ministry of Health said on Tuesday. In a ...

Saudi- Labor agreements won't define wages of maids
 Ahmad Al-Faheed, secretary-general for the Ministry of Labor for International Affairs, said framework agreements between labor and other ...

Think twice about surgery on the weekend: study
People who undergo weekend non-emergency surgery in English public hospitals have an 82 percent higher chance of dying within a month than those ...

Vaccine hopes for hand, foot, mouth disease
Researchers in China said Wednesday a trial vaccine provided "significant" protection against a virus that can cause potentially deadly hand, foot ...

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