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Tuesday, June 18, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Wealth creation is faster in Middle East: HNWIs
 A majority of high net worth individuals in the Middle East believe wealth creation is faster today than in the past, more than ...

US auto giant GM breaks ground on China Cadillac plant
US auto giant General Motors on Wednesday broke ground on a $1.3 billion plant in Shanghai to produce Cadillacs as it seeks a larger share of China's ...

US House passes bill banning abortion after 20 weeks
The US House of Representatives approved a Republican measure restricting abortion to the first 20 weeks after conception, one of the most stringent ...

Apple jumps into streaming with iTunes Radio
 Apple on Monday unveiled its hotly anticipated iTunes Radio Service as it announced a dramatic overhaul of the touch-screen interface for ...

Dish abandons Sprint bid, clearing way for SoftBank
US satellite television provider Dish Network said it has dropped plans to submit a revised bid for Sprint Nextel, paving the way for a rival offer ...

UAE- Farmer charged with kidnapping, assaulting boy
 A farmer stood trial in the Court of First Instance on the charges of kidnapping and sexually assaulting, at knife-point, a 12-year-old ...

UAE- Soldier denies harassing woman in parking lot
 A soldier, who allegedly stalked and harassed a woman in the parking lot of a bank where she worked, denied the molestation and breach of ...

Kuwait hangs 2
 Authorities in Kuwait on Tuesday hanged a 33-year-old Egyptian man dubbed a "monster" for the abduction and rape of 17 children under the age ...

'Mass hysteria' hits Bangladesh garment workers
 Hundreds of Bangladesh factory workers who fell sick in recent weeks could have been struck down by a mysterious illness described as a type ...

Saudi- 5,000 Nitaqat-hit Indians find jobs
 As many as 5,000 Indian expats have been employed in various fields and by different companies following proactive measures taken by the ...

Kingdom's IPO subscriptions decline 53% in 6 months
 The subscriptions to IPOs in the Saudi stock market dropped drastically during the year, according to a recent ...

Qatari Ooredoo to invest USD274m in fibre optic network by 2014's end
Qatari telecommunications giant Ooredoo's chief operating Officer, Waleed Al Sayed, stated that the company plans on investing more than USD274 million in ...

US AECOM bags USD148m Doha Expressway contract
AECOM Technology Corporation's chairman and Cheif Executive Officer, John M Dionisio, stated that AECOM won a USD148 million contract to provide ...

Emirates Airline to add 59 flights to Saudi during Ramadan
Emirates Airline's senior vice president, Commercial Operations, Gulf, Middle East and Iran, Sheikh Majid Al Mualla, stated that the airline plans on ...

Indian Indiabulls Real Estate to launch business in Saudi, Bahrain
Indiabulls Real Estate Ltd's regional head for MENA Region. Santosh Tandel, stated that the real estate developer has plans to open offices in Saudi Arabia ...

Foreign direct investment in Arab countries up 9.8% in 2012
Kuwait-based Arab Investment and Export Credit Guarantee Corp's annual report showed that foreign direct investment in Arab states climbed by 9.8 ...

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