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Saturday, May 4, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Buffett joins Twitter, gains 1,000 followers a minute
Warren Buffett accumulates Twitter followers even faster than he makes money. The 82-year-old "Oracle of Omaha" joined the service and sent ...

RBI cuts interest rate amid inflation risks
India's central bank has cut its main interest rate by 25 basis points in the third such move this year, but said there was "little space" for ...

Surging US oil production strains distribution system
Surging oil production has put the United States on track toward greater energy independence, pushing US reserves to their highest levels in 30 ...

Barroso defends Merkel on austerity: report
European Commission president Jose Manuel Barroso on Saturday defended German Chancellor Angela Merkel against criticism that she is to blame for ...

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 ...

Saudi- Rail projects to boost business opportunities
Railways are playing an increasing role in the Saudi transportation sector. Its several projects that are underway will provide facilites that ...

Saudi- Chinese firm involved in two mega projects
China Civil Engineering Construction Corporation , one of China's major construction firms, is currently involved in two of the most ...

Saudi- New distribution station in Hail to reduce fuel costs
Saudi Aramco plans to build a distribution station for petroleum products in Hail in June next year, sources at the company said. Experts say ...

US to open first horse slaughterhouses since 2007
Americans don't want to eat horse meat and Congress is trying to forbid its sale and export. Yet for the first time since 2007, new horse ...

ADB faces funding crunch, warns India
The Asian Development Bank is facing a funding crunch as the multilateral lending agency seeks to reduce widespread poverty in emerging market ...

Saudi- CITC told to allow free roaming
The Board of Grievances has ordered the country's telecommunications regulatory authority to allow Mobily to offer free roaming services to its ...

Saudi- 3 new coronavirus cases discovered in Al-Ahsa
Three more people have been diagnosed with coronavirus, raising the number of victims to 10. The newly identified victims are also from ...

Saudi-Teens responsible for 13% of road accidents: Survey
A recent survey on traffic revealed that the primary causes of road accidents are speeding, running traffic lights and drifting, with 13 ...

Saudi women seek driving licenses in UAE
Dubai traffic police are seeing an increase in the number of Saudi women seeking to obtain drivers' licenses in the city and other cities ...

Australia halts cattle exports to Egypt
Australian cattle exporters said they had suspended live shipments to Egypt Saturday after abattoir footage shot by animal rights activists showed ...

Caffeine in kids' foods 'dangerous': US regulator
The US food and drug regulator on Friday called the addition of caffeine to children's foods like chewing gum and jelly beans "dangerous" and warned ...

Germany's Schaeuble defends delaying France deficit target
German Finance Minister Wolfgang Schaeuble has defended the European Commission's decision to give France two more years to meet the EU deficit ...

Saudi- Physical exercise at girls schools allowed
Private girl schools must set aside special areas and institute a strict dress code for all its exercise classes, the Ministry of Education ...

Divers start raising German WWII bomber from English Channel
Divers on Saturday began a delicate operation to raise the only German Dornier Do-17 bomber left after World War II from the depths of the English ...

Madinah court orders SR 150,000 for abused maid
The general court in Madinah has concluded the case of the Indonesian maid, Keni Sharda, who was abused by her employer in 2008. The court ...

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