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Monday, June 3, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US sanctions go after Iran's currency, auto sector
The United States unveiled aggressive new sanctions against Iran, directly targeting the rial currency for the first time and also the auto sector, a ...

Saudi- Mubadala, ICD merge to create $ 15 billion aluminum entity
 Mubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai have announced the creation of $ 15 billion worth ...

Zain Saudi to defer paying $1.49b govt fees
  Indebted telecom operator Zain Saudi has received government approval to defer payment of licence-related fees that could total around ...

US- Damaging storms moving through east, south
 Damaging winds flattened trees and utility wires and knocked out power in parts of the Northeast, flights were delayed in New York City and a ...

Saudi- Merciless mercury makes matters worse for illegals
 Soaring temperatures are adding to the woes of illegals who want to meet the July 3 deadline to correct their status. Thousands of expats ...

Saudi- Heat wave to continue till Friday; laborers want relief
 As the Western Province reels under high temperatures, laborers are calling for the midday work ban to begin earlier. Jeddah and Makkah ...

Saudi- S&P revises outlook on SEC to positive from stable
 Standard & Poor's Ratings Services yesterday revised its outlook on Saudi Electricity Co. , described as Saudi Arabia's ...

British govt pledges reforms after lobbying scandal
 British Deputy Prime Minister Nick Clegg vowed yesterday to bring in long-delayed laws to clean up politics, after four lawmakers were filmed ...

Australian central bank keeps rates at 2.75%
Australia's central bank kept interest rates at a record low 2.75 percent on Tuesday, adopting a wait-and-see approach to a lower Aussie dollar and ...

BASF to invest 10 bn euros in Asia-Pacific
German chemicals giant BASF plans to invest 10 billion euros in the fast-growing Asia-Pacific region between now and 2020, creating up ...

Your network is your networth
 Dr Ivan Misner believes networking is part of the process to build a referral-based business Dr Ivan Misner, founder and chairman of ...

Jordan arrests 13 after southern riots
 Jordanian authorities arrested 13 people in the southern city of Maan yesterday after riots and clashes with police over the murder of two ...

kuwait- 'High-profile' British prostitute held - KD 1,500 for a full night 'fun
 Personnel from the Criminal Investigation Department have arrested a British woman of Jamaican origin for practicing prostitution, reports ...

Saudis share almost 'everything' online
 Saudi Internet users topped the list of those who share their public and private lives online, according to a US report on the Internet and ...

Iraq: Israel can't use our airspace for striking Iran
 Baghdad has warned Israel that it would respond to any attempts by the Jewish state to use Iraqi airspace for a strike against Iran's ...

Saudi- Father kills his son, buries body in desert
 A 37-year-old man has confessed to killing his son after having falsely reported him missing to authorities in Tabuk. The suspected killer ...

Saudi- Women from poorer backgrounds are less subject to violence
 Women from poor backgrounds are less vulnerable to physical and verbal abuse, according to a study conducted by Salma Al-Harbi on 300 women ...

Saudi- Learn karate ... society is game for women sports
 Saudi Arabia's first women's sports center has been opened in the eastern city of Alkhobar under a license issued by the Youth Welfare ...

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