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Wednesday, June 5, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

ECB to take breather after recent rate cut
The European Central Bank will not announce further policy moves at its regular monthly meeting on Thursday as it examines the effects of its recent ...

Europe looking to take control of Libor: FT
European Commission officials have drafted plans to take the scandal-hit key interest rate Libor from its current London base, the Financial Times ...

People who inject drugs deserve help: Elton John
Rock icon Elton John has urged compassion for people who inject drugs, saying "stigma and criminalisation" robbed them of their humanity and exposed ...

Kuwait- 24 men, girls held; British prostitute deported
 Moral Guidance Unit of the Interior Ministry continued their campaign and raided suspicious places in Salmiya and Hawalli areas close to ...

Kuwait- No more place in jails; 200 held in Jleeb
  In spite of the fact that most cells in police stations and Immigration Department and Deportation Centers are full of people who were ...

Kuwait- Traffic cops jailed for parking in place of physically disabled
 Undersecretary for Traffic Affairs at the Interior Ministry, Major-General Abdulfattah Al-Ali has ordered to refer two traffic policemen to ...

Saudi- Viber ban to affect expats most
 Expatriates are likely to find it more difficult to stay in contact with their loved ones at home with the banning of Viber by Saudi Arabia's ...

Saudi- Don't break our good image, entrepreneur tells expatriates
 P. Mohammed Ali, a leading Indian entrepreneur in the Gulf and founder of Galfar Engineering & Contracting, allayed the fears of his ...

Saudi- No iqama curbs on those over 60
 The Ministry of Labor has rejected claims that it is forcing expatriates aged above 60 to retire from private sector companies. There is ...

Saudi- Midday work ban to offer relief from sizzling heat
 The mandatory midday break for laborers who work in the sun during summer will begin on July 1, according to the Ministry of Labour. The ...

Saudi- Agriculture & Food sector surges 2.8%
 The Saudi stock market continued its positive movement, and managed eighth straight rise yesterday, adding 36.72 points further. Saudi ...

Qatar Rail awards QAR 30 bn contracts for Doha Metro
 Qatar Railways , the company overseeing the construction of the much-anticipated integrated railway network, has announced the ...

China censors reject 'World War Z'
Chinese censors have rejected a cut of "World War Z," Paramount's film about the zombie apocalypse starring Brad Pitt, an executive familiar ...

Toyota recalls faulty Prius, Lexus vehicles
Toyota Motor Corporation stated that it recalled about 233,000 Prius vehicles as well as 9000 Lexus HS250h models because of problems with their braking ...

US May growth down despite more jobs
Chief economist at Moody's Analytics, Mark Zandi, stated that companies in the US raised the levels of hiring last month but were not able to spur job ...

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