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Sunday, May 5, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Dubai repays $910 mn matured bonds: govt
The Dubai government said Sunday it has repaid in full $910 million of maturing bonds, declaring it reflected a commitment of the indebted Gulf ...

Rio Tinto chief warns of more job cuts
Rio Tinto chief Sam Walsh on Sunday warned of more job cuts as the mining giant works to make US$5 billion in savings by the end of 2014, but he was ...

US billionaire Warren Buffet optimistic on stocks
US billionaire Warren Buffet said the US economy is moving in the right direction and praised the policies of both president George W. Bush and ...

Kuwait- Al Mazaya posts 92% rise in Q1 net revenue
After the meeting of the Al Mazaya Holding Company Board of Directors held on May 2nd and headed by Chairman Rashid Al Nafisi, the company ...

Dubai's Rotana to launch Saadiyat Rotana Resort in 2015
Rotana chairman, Nasser Al Nowais, stated that the hotel group will launch the Saadiyat Rotana Resort in Abu Dhabi in two years, reported Arabian ...

Reform deal stalled in Slovenia
Slovenia's centre-left coalition on Sunday failed to reach a deal with the opposition over constitutional changes aimed at ensuring the ...

Kuwait- 'Allowing expats to own real estate will affect citizens'
Allowing non-Kuwaitis to own real-estate plots in the country entails negative consequences in shadow of land scarcity and housing plots as ...

Saudi- SR 450 m funding deal for Riyadh real estate project
Gulf Capital announced yesterday that it had signed a SR 450 million ground-breaking financing facility deal with National Commercial Bank ...

US-Saudi barter trade urged to ensure food security
The head of the national agricultural committee at the Saudi Council of Chambers and Industry said there will soon be a meeting between ...

Saudi- Tourism sector records 10% rise
Saudi travel companies have been strongly investing in the local market, especially during Haj and Umrah periods. These companies are ...

Saudi- Erring doctors fined a total of SR 80,500
The Madinah Legal Health Commission has imposed fines amounting to SR 80,500 on a number of doctors for malpractice in private health centers ...

Saudi fashion designers converge on the runway in Jeddah
Saudi fashion designers showcased their latest collections at an exhibition at the Hilton Hotel Jeddah on Saturday. The three-day ...

Egypt visitor numbers to rise 20% in 2013
Egypt's historic and solid tourism base is helping it to withstand negative impacts and improve its performance, says Tourism Minister Hisham ...

Egyptian consumer sentiment retreats in Q1
Nielsen's Global Survey of Consumer Confidence and Spending Intentions revealed that consumer sentiment in Egypt fell by 20 points in the first quarter ...

S Korea's April foreign reserves at USD328.8b: CB
The Bank of Korea announced that the country's foreign reserves rose by USD1.39 billion in April from a month before to USD328.8 billion, reported ...

Hyundai Motor has no immediate plans to set up another US plant
Hyundai Motor Group's Chairman, Chung Mong-koo, announced that the company will not add another plant in the US in the near future, reported ...

Portugal unveils package of spending cuts
Portugal's prime minister said late Friday that the government aimed to slash 30,000 public sector jobs as part of a sweeping package of spending ...

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