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Tuesday, May 7, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Branson open to total sale of Virgin Australia
Virgin Group chief Richard Branson has aired the possibility of selling his entire stake in budget carrier Virgin Australia, saying the airline's ...

Tokyo stocks closes above 14,000 mark for 1st time in five years
> Tokyo stocks jumped Tuesday, with a key index ending above the psychologically important 14,000 mark for the first time in ...

China records $18.2 bn trade surplus in April
China recorded an $18.2 billion trade surplus in April, Customs authorities said Wednesday, ahead of expectations and reversing a rare deficit in ...

Saudi- Rent set to increase every 5 years
Rents will increase every five years due to the negative impact of recent decisions that obligate owners of vacant lands to either build or ...

SR 5 billion fund proposed for tourism projects in KSA
The Saudi Commission for Tourism and Antiquities has proposed a SR 5 billion fund to promote tourism in the Kingdom. Prince Sultan bin ...

Saudi women to operate metro rail at PNU
The driverless metro rail, to be operated by a team of only Saudi women inside the women's school at Princess Nora bint Abdurahman University ...

Makkah Governor: SR 1 bn Khulais projects on track
Water provision and road development projects worth SR 1 billion are progressing well in the governorates of Al-Kamil and Khulais, according to ...

Saudis not insuring homes despite floods
Few Saudis are insuring their homes despite the recent floods and the relatively low-cost SR 5,000 annual premium per house on average. ...

IMF mission meets KCCI officials on tax reforms in Kuwait
> The mission of International Monetary Fund in Kuwait discussed with the financial and investment committee of Kuwait ...

KSA- CMA finalizing rules for foreign stock ownership
 The Capital Market Authority is finalizing a regulatory framework which will allow foreigners to directly own stocks in Saudi Arabia, though ...

Saudi- MoE to distribute education vouchers
The Ministry of Education is considering the issuance of "education vouchers," which will enable Saudi students at public schools to ...

Saudi- New sewerage projects to end suffering of Jeddah residents
Abdullah Al-Assaf, chief of Jeddah operations at the National Water Company , said that the NWC is currently implementing a number of ...

Esprit expects to see a 'substantial loss'
Shares in fashion retailer Esprit fell as much as much as 7.0 percent in Hong Kong Wednesday after the company released a third-quarter profit ...

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