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Saturday, June 15, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Regional tensions drag Saudi shares to 2-year low
 Shares on Saudi Arabia's stock exchange, the Arab world's biggest, dropped to the lowest level in almost two years, led by banks and ...

Saudi inflation slows to 3.8% in May
 Saudi Arabia's inflation rate for May slowed to 3.8 percent year-on-year compared with 4 percent in the previous month, According to the ...

UAE leaps over China as top importer of Saudi products
 Saudi Arabia's external trade continued to display moderation for the third month in a row in March. The value of exports totaled SR 16.5 ...

IMF warns US on govt debt
 The International Monetary Fund said on Friday that despite the recent gains in paring the deficit, the US government's long-term debt ...

RBS boss exit sparks questions over political strategy
The surprise departure of Royal Bank of Scotland boss Stephen Hester, reportedly at the request of the British government, has sparked questions ...

50yrs ago, Tereshkova became first woman in space
On June 16, 1963, Valentina Tereshkova became the first woman to fly into space in a major propaganda coup for the Soviet Union.Two years after Yuri ...

Modern-day 'monk' keeps Parmesan recipe alive
Antonio Malpeli gazes proudly at the towering rounds of Parmesan in his small factory and declares one thing sure: the medieval monk recipe used to ...

New York foodies in grip of 'Cronut' craze
Some hungry customers began queueing outside the pastry shop around 3:30 am. Others managed to keep their taste buds at bay for a few more hours, ...

Spanish flourishes in US as Latinos flex muscle
There was a time when Latino immigrants in the United States hushed up their Spanish, trying to blend in. Now you hear it all over, as Latinos flex ...

Kuwait- Officer acquitted of assaulting traffic law violator
 The Misdemeanor Court presided over by Judge Saud Al-Namran acquitted a First Lt Officer working at the Ministry of Interior who was accused ...

UAE- RTA completes work on Dh722m project
 The construction work on a Dh722 million tunnel project has been completed, with the Roads and Transport Authority anticipating it ...

UAE- Man on trial over stabbing businesswoman to death
 A man stabbed a compatriot businesswoman several times, pushed her down his apartment window and went down to stab her again to death, a ...

4G LTE modems in UAE, exclusive from etisalat
 Etisalat, one of the largest telecom operators in the Middle East and Africa, on Saturday announced the exclusive launch of 4G LTE mobile ...

Saudi- Man appoints disabled students without their consent
 Students with hearing disability from Al-Amal School in the Northern Border Province fell victim to fraud by an employee in especial ...

Saudi- Postpone Haj if you can
 n an unprecedented move aimed at preventing congestion and stampedes and ensuring safety of the guests of God, Saudi authorities have urged ...

Saudi- Gulf bank deposits total SR 3.49 trillion in Q1
 Bank deposits in the Gulf region totaled SR 3.49 trillion at the end of the first quarter of the year, a study has ...

Four stabbed in British mosque attack
 Four men including a police officer were in hospital hospital Sunday after being stabbed during an attack at a mosque in the English city of ...

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