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Wednesday, June 26, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

German consumers in sunny mood
Consumers in Germany remain in confident mood as their expectations with regard to pay and the health of the economy continue to rise, a new poll ...

Google maps malicious websites
Google expanded its Transparency Report on Tuesday to include maps of spots around the world where hackers are laying traps or baiting Internet ...

'Dear Italy, I have left, but would return if...'
As thousands of Italians leave the country to look for work elsewhere, one young journalist's blog claims to offer "a megaphone for this generation," ...

Bahrain to raise spending by 11 percent
�Bahrain's state spending is expected to jump 11 percent this year, by more than originally planned, after its parliament approved BD174.2m ...

Saudi- Tourism sector advances 1.52%
�Saudi Arabia's benchmark stock index yesterday rose 16.67 points to finish at 7,517.36 after trading between 7,489.36 and 7,527.57. The ...

Sprint shareholders approve SoftBank takeover
Sprint shareholders Tuesday overwhelmingly approved SoftBank's proposed $21.6 billion deal to take a controlling stake in the third largest US mobile ...

US home price rises heat up in April
US home prices climbed sharply in April from a year ago, picking up the pace in the fourth straight month of gains, according to the Standard and ...

Mandela remains in critical condition
�Nelson Mandela's close family gathered to hear a sombre prayer wishing the anti-apartheid icon a "peaceful, perfect, end" as he lay in ...

Saudi- Fitch affirms RasGas bonds at 'A+
�Fitch Ratings has affirmed Ras Laffan Liquefied Natural Gas Company Limited 's and Ras Laffan Liquefied Natural Gas Company ...

S.Korea to sell largest banking group in three pieces
South Korea has decided to split the assets of Woori Finance Holdings into three groups in its fourth bid to sell its majority stake in the nation's ...

Bahrain to increase expenditure by 11% in 2013 budget plan
Official data showed suggested that Bahrain's state spending will soar 11 percent this year more than originally planned, after its parliament approved ...

In US, Asian immigrants 'better off than whites'
Asian immigrants tend to live in highly segregated enclaves in the United States and their income level is often higher than that of white Americans, ...

US consumer confidence surges to five-year high
Consumer confidence in the United States Tuesday surged to a new five-year high in June, according to the Conference Board, besting analyst ...

Granddaughter puts Picasso muse nudes on show
As a child, Pablo Picasso's granddaughter Marina often found herself shut out of his sumptuous Cannes villa "La Californie". Four decades after his ...

UAE- Two run over, killed in UAQ
�Two Asian workers died on Monday, following a run-over accident while fixing interlock tiles on the median of the Etihad Road in the ...

UAE- Pair to be flogged for drinking in public
�One of the two Asians, who were caught drinking in public, had his fine reduced from Dh20,000 to Dh3,000 by the Fujairah Court of ...

UAE- Man accused of blackmailing former girlfriend with photos
�A 24-year-old jobless man has been charged with blackmailing his ex-girlfriend into paying him Dh6,500 after threatening to circulate and ...

UAE- Pair's 3-year jail term for prostitution upheld
�Two men have had their three-year prison term upheld by the Court of First Instance for inciting male prostitution and using a social ...

UAE- Two arrested for hunting deer
�Two persons, a GCC citizen and an Asian, have been arrested by the Abu Dhabi Police on suspicion of hunting a deer in a wildlife sanctuary ...

India- 19 dead as helicopter crashes
�A helicopter helping victims of devastating floods in northern India crashed near a pilgrimage site yesterday, killing 19 people on board, as ...

Syria peace conference may not take place next month, says Brahimi
�A widely anticipated peace conference for Syria will probably not take place next month as hoped, UN peace envoy to Syria Lakhdar Brahimi said ...

Haj pilgrims to benefit from Grand Mosque expansion
�The Saudi government's expansion of the Grand Mosque would in the long-run benefit all Haj pilgrims, said Minister of Culture and Information ...

Saudi- Police arrest vendors outside Philippine Embassy
�Police authorities arrested ambulant vendors near the Philippine Embassy inside the Diplomatic Quarter in Riyadh on Sunday, detaining ...

KSA slams Iran, Hezbollah intervention in Syria
�Saudi Arabia on Tuesday said the involvement of Iran and the Lebanese militant group Hezbollah in Syria is "dangerous" because it threatens to ...

Kuwait- 78 Illegals held
�Officers from the General Security Department, in their continuing campaign against vice, have arrested 78 people for violating residency ...

UAE- Jealous friend arrested for hacking email account
�The Dubai Police have arrested a woman and her friend for hacking into the email account of another friend and striking up talks with her ...

UAE- New mosque rules in Abu Dhabi
�The Abu Dhabi Urban Planning Council on Tuesday unveiled new regulations to provide best standards and guidelines for the planning, ...

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