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Wednesday, June 19, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Dreamliner battery maker ties up with Germany's Bosch
Japan's GS Yuasa, the battery supplier for Boeing's troubled Dreamliner, on Thursday announced a tie-up with German technology giant Bosch to develop ...

Dolce and Gabbana sentenced to jail for tax dodge
An Italian court sentenced celebrated fashion house duo Domenico Dolce and Stefano Gabbana to one year and eight months in prison for avoiding taxes ...

Brazil's poor feel left behind on road to World Cup
Brazilians left behind by a vaunted economic boom have come to see next year's World Cup not as a celebration of the country's rising stature, but as ...

French firemen test hypnosis to help victims
"Look me straight in the eye. Your mind is emptying, your body is relaxing," says the fireman, using the calming words of hypnosis to help a trauma ...

Kuwait- Zain reshapes strategy to boost revenue, profitability
 At the end of May 2013, Scott Gegenheimer completed his first six months as Zain Group CEO and recently held a conference call with 30 ...

Japan- Toxic strontium found in Fukushima groundwater
 Cancer-causing radioactive substances have been found in groundwater at the crippled Fukushima nuclear plant, its Japanese operator said ...

Saudi- Mideast women have 67.4% less disposable income than men
 Women in the Middle East and Africa had 67.4 percent less annual disposable income than men in the region in 2012, the largest gap in the ...

Saudi- Employers pick over 2,000 Bangladesh workers at fair
 More than 2,000 Bangladeshi workers found jobs with Saudi sponsors at the two-day job fair at Istiraha Al-Fakhr in Riyadh yesterday. The ...

Saudi- Schools face loss of foreign drivers
 The crackdown on illegal workers in the Kingdom has taken its toll on the private school transportation system, with families facing the ...

Saudi- Labor shortage endangers date crop in Madinah
 The July 3 amnesty deadline, decreed by Custodian of the Two Holy Mosques King Abdullah for illegal expatriate workers to normalize their ...

Saudi- Perfect reunion: Yemeni daughter finds 86-year-old father in Jeddah after 50 years
 This is a poignant but heart-warming story of a father and daughter uniting after 50 long years. For Mousa Al-Mangari, now 86, it was ...

KSA's banking system 'safest in Arab world'
 Saudi banking experts here say that the Kingdom has the safest banking system in the Arab world. This comes in response to CNBC Arabia ...

Saudi- 8,000 workers deployed to prepare for Ramadan at two holy mosques
 Over 8,000 men and women workers have been deployed to prepare for Ramadan at the two holy mosques, said Sheikh Abdul Rahman Al-Sudais, head ...

Saudi- Study to link SIM cards with fingerprints
 Linking a SIM card's number with a customer's fingerprints could be the latest attempt at eliminating anonymous usage of SIM cards. Saudi ...

IMF: Spanish recession 'may end soon'
 Spain's biting recession may end soon but the outlook is tough and Madrid must do more to battle the country's unacceptably high unemployment ...

Kuwait says oil prices are fair
 Kuwait's acting oil minister said yesterday current oil prices were "fair" and that the Gulf Arab state was producing around 3 million ...

Intra MENA trade set to double to $ 300 bn by 2020
 "Intra Middle East and North Africa trade has the potential to double by the end of the decade to $ 300 billion" said Simon Cooper, ...

Dubai Electricity and water Authority awards USD3.81m water project contract
Dubai Electricity and water Authority's Managing Director and Cheif Executive Officer, Mohammed Al Tayer, stated that the company awarded the ...

Abu Dhabi's GDP up 7.7% to USD248.12b in 2012
Statistics Centre � Abu Dhabi released data showing that the emirate's GDP at current prices showed a record 7.7 yearly growth to USD248.12 ...

UN: Refugees, displaced at two-decade high
War and other crises drove one person from their home every 4.1 seconds last year, the UN refugee agency said yesterday, pushing the number of ...

Delhi faces flood threat
 Rescue teams searched for survivors in northern India after days of monsoon rains triggered flash floods and landslides, killing as many as ...

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