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Monday, June 17, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Qatar sells 10% stake in Porsche Holding
 The Porsche-Piech family bought Qatar Holding's 10 per cent stake in Porsche Automobil Holding to regain full control of the investment ...

UAE 7th preferred location in the world for foreign assignments
Mercer's, a human resources and financial consulting firm, information solutions leader for the Middle East, Nuno Gomes, stated that the UAE is the world's ...

Saudi Sadara gets loans to fund USD19.3b petrochemical complex
Sadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical, stated that it secured loans aimed at funding its construction of a USD19.3 ...

EU, US launch talks on vast free trade deal
 United Kingdom: The European Union and the United States launched yesterday long-awaited formal negotiations on a vast trade pact. ...

S.Korea opens bidding on $7.3 bln fighter jet deal
South Korea formally opened bidding on Tuesday on a $7.3 billion deal to provide 60 advanced fighter planes, with three aviation giants vying for ...

US study links pollution to autism risk
Pregnant women who were exposed to high levels of air pollution were twice as likely to have a child with autism as women who lived in low pollution ...

FDI into China rises in Jan-May: govt
Foreign direct investment into China rose during the first five months of this year, the government announced Tuesday, paced by strong ...

Corporate gifts fuel US charity gains
US charitable giving rose modestly in 2012, fueled by a jump in corporate gifts and concerns about possible tax changes which could limit future ...

Kuwait- 'Only serious violators of traffic rules are deported'
 Assistant Undersecretary for Traffic Affairs Major General Abdul Fattah Al-Ali affirmed the legality in the deportation of expatriates who ...

Kuwait- Rumors baseless on Viber applications
  A security source has denied rumors which said police are targeting and deporting people who have Viber applications on their cell phones, ...

Agreement inked to develop Dubai as world's fashion hub
 The General Secretariat of the Executive Council of Dubai recently signed a Memorandum of Understanding with the Dubai Technology ...

Saudi- Amendments to marriage bill urged
 Women Shoura members exerted their influence in the Council's discussions about a bill regulating marriage. Thoraya Obaid, a Shoura ...

Saudi- Doctor jailed for botched circumcisions
 An ENT doctor has been sentenced to six months in prison and fined SR 100,000 for botching up circumcision operations on six children in a ...

Govt to Saudia: Shape up
 The Council of Ministers yesterday urged Saudi Arabian Airlines to increase the number of its domestic flights, raise the number of seats to ...

Saudi banks to benefit from strong sukuk market growth
 The Saudi sukuk market will continue to grow over the next 12-18 months, a credit positive for Saudi banks, following a new record SR 25.2 ...

Kazakhstan- Arabtec-led joint venture awarded USD1b project deal
Managing Director and CEO of Arabtec Holding, Jasan Abdullah Ismaik, stated that a joint venture led by Arabtec won a USD1.08 billion contract to build a ...

Qatar Air to purchase up to 9 Boeing 777s for USD2.8b
Qatar Airways CEO Akbar Al Baker stated that the airline has signed an agreement with Boeing Commercial Airplanes according to which Qatar Airways will buy ...

Iran- Rowhani hopes for new accord with world powers over N-issue
 President-elect Hassan Rowhani expressed hope yesterday that Iran can reach a new agreement with the international powers over its nuclear ...

Mitsubishi Motors to recall 9,478 faulty vehicles in China
China's General Administration of Quality Supervision, Inspection and Quarantine stated that Mitsubishi Motors plans on recalling 9,478 vehicles in ...

Spanish Q1 public debt up to USD1.228tr, 88.2% of GDP
The Bank of Spain released data showing that Spanish public debt rose to a record USD1.228 trillion, which is 88.2 percent of gross domestic product ...

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