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Tuesday, July 2, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- On track
Etihad Rail plans to link key cities and industrial hubs by 2018 Etihad Rail is on track to flag off its first freight service this ...

China sets rare earth export quota for second half
China has announced its closely watched export quota for rare earth minerals in the second half of this year, bringing the full-year total to 31,001 ...

Alarm over state of Italy's historic monuments
Alarm bells are ringing once more over the upkeep of Italy's historic monuments, from the Roman city of Pompeii to the Colosseum, with budget cuts ...

Qatar- Maran signs $662.4m refinancing deal
Maran Nakilat Co Ltd, a joint venture between Nakilat and Maran Ventures Inc, has secured Islamic refinancing worth $662.4m that will ...

Saudi Arabia's economy remains robust in May
Saudi Arabia's economy was robust in May. Indicators of consumer spending maintained solid growth in May leading to record highs for both cash ...

US takes up gaps on Syria, sea disputes at Asia forum
Asia-Pacific security talks opened on Tuesday with Beijing under pressure over its South China Sea claims while Washington and Moscow were to meet ...

Apple seeks iWatch trademark in Japan
Apple has filed a trademark application for an "iWatch" in Japan, fuelling speculation the US tech giant is preparing to introduce a wearable ...

Qatar- Al Sada urges sustainable gas development
The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada, has called on the gas producing countries 'to pave way for advanced ...

UAE plans to invest $25b in gas sector
Gas, as a clean and environmentally-friendly source of energy, will remain a major factor in the world energy supply equation and a driving ...

Filmmakers capture Hong Kong's struggle with identity
As Hong Kong grapples with its identity 16 years after returning to Chinese rule, frustration on the streets and a nostalgia for the past is ...

Kuwait- Owner of ten 'fake' firms sells visas to 100 expats
Personnel from the General Immigration Department have arrested a Kuwaiti man, who is believed to be in his 40s, for sponsoring more than 100 ...

UAE- 477 chosen for Marriage Fund grant
The Marriage Fund announced on Monday a new list of 477 beneficiaries of its Dh70,000 individual grant, which will add up to Dh16.78 ...

Saudi official robbed by 'fake' cops in Paris
Robbers posing as policemen made off with 200,000 euros belonging to a senior official from the Saudi Youth and Sports Ministry just ...

Saudi- Rents expected to soar due to rising demand for apartments
Despite the government's recent decision to allocate a housing fund of $ 67 billion, average house rents are still soaring between 4 and 8 ...

Saudi- Over 40,000 fake accounts on social media sites in KSA
There are more than 40,000 fictitious accounts on social media network sites in Saudi Arabia run by organized institutions, said an IT ...

Saudi- Embassy reassures Indians
The Indian Embassy yesterday emphasized that it would continue its efforts to address all issues regarding the welfare of Indians in the ...

Saudi- 'KSA needs 4 million expatriate workers'
Saudi Arabia will require more than four million foreign workers during the next 10 years to carry out gigantic industrial and infrastructure ...

Saudi- Dependents of expats hunt for stay-at-home jobs
Dependents of expatriates who have been unable to rectify their employment status are looking for different avenues to eke out a living and ...

Saudi- 14 convicted of terrorism
The Jeddah Criminal Court yesterday convicted 14 people of terror-related charges, including planning to attack government buildings and ...

French president says US spying allegations threaten trade
French President Francois Hollande has warned Washington that allegations of its spying on its allies threaten talks on a crucial free trade pact, ...

Egypt's Foreign Minister Resigns
�Egypt's Foreign Minister Moahmed Kamel Amr has submitted his resignation, news agency reported Tuesday. Five other ministers ...

Qatar- QNB shares rise to 52-week high, hit QR161
The shares of Qatar National Bank surged to a 52-week high to QR161 in yesterday's trading. The shares opened at QR157.50 and the ...

UAE- Woman executive convicted of embezzling Dh139,438
An ex-Nakheel woman executive who fled to her home country after embezzling more than Dh139,438 worth of tenancy contract cheques, has been ...

UAE- Woman accused of offering cop sex
�A 20-year-old woman, who allegedly made prostitution her means of living, stood trial in the Court of First Instance. The Ukrainian ...

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