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Monday, June 10, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Top German court examines ECB's anti-crisis weapon
Germany's highest tribunal, the Constitutional Court, begins two days of hearings on Tuesday to decide whether the European Central Bank's ...

Sony pulls back curtain on new PS4 console
Sony provided the world the first look at its new PlayStation 4 console, promising to combine its film, music, television and game strengths in a ...

Saudi expected to invest $ 45 bn to set up railway networks
 Saudi Arabia is currently undertaking ground-breaking transformations in the transportation sector and Huawei Technologies aims to place the ...

Chinese consumer inflation grows a slow 2.1% in May
China's National Bureau of Statistics stated that consumer inflation growth last month stood below expectations at 2.1 percent, reported Xinhua ...

25% of Deutsche Annington to be sold in IPO
Deutsche Annington's Chief Executive Officer Rolf Buch stated that Terra Firma Capital Partners Ltd. plans on selling around 25 percent of Deutsche ...

UK AstraZeneca to buy US Pearl for USD1.15b
British firm AstraZeneca Plc Chief executive Pascal Soriot stated that the company signed a deal with Pearl Therapeutics Inc. according to which AZN ...

Candidates blame mismanagement for Iran economic crisis
Mahmoud Ahmadinejad's "mismanagement" is largely responsible for Iran's severe economic crisis, most candidates for this week's presidential election ...

Saudi- Transponder for private channels approved
 The Cabinet yesterday decided to set up a transponder for the transmission of Saudi-owned satellite TV channels. The Cabinet authorized ...

Traditional footwear thrives in Iraqi Kurdish town
Between pots of glue and scraps of cotton, Bahjat Majeed sits cross-legged in his tiny workshop, putting the final touches on a pair of handmade ...

Trailer of Indian film shot in Oman gets over 1.6mn hits on YouTube
The trailer of Bollywood gangster film Once Upon A Time in Mumbaai Again, a sequel to the 2010 hit Once Upon A Time in Mumbaai has received ...

Saudi- Traveling without kids may cause adverse effects, say experts
 With the onset of the summer vacation, Saudi women are wondering if they should leave their children behind. Experts say leaving children ...

Saudi- Haj 2013: Fewer pilgrims likely
 The Haj Ministry is currently planning to considerably reduce the number of foreign and domestic Haj pilgrims this season, a reliable source ...

Saudi- WHO: 75% of coronavirus victims are males
 The World Health Organization said yesterday that 75 percent of new coronavirus cases in the Kingdom were males suffering ...

India's opposition in disarray after Advani quits party posts
 A day after Narendra Modi was elevated to the BJP's campaign committee chief, BJP patriarch LK Advani yesterday resigned from all party posts ...

Australia ends air and sea search for asylum seekers
 Australian authorities said yesterday they had called off a major air and sea search for survivors from a boat carrying at least 55 ...

Violence flares amid Bangladesh nationwide strike
 Protesters clashed with police in several towns across Bangladesh yesterday as the latest strike declared by the nation's largest Islamic ...

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