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Wednesday, July 3, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

ECB will seek to reassure markets on rates: analysts
The European Central Bank will seek to reassure markets that it has no plans to start raising interest rates when its policy-setting governing ...

India- Stocks drop most in two weeks on oil, rupee
India's benchmark stock index declined the most in two weeks amid concern the oil's climb to above $100 a barrel for the first time in nine ...

Thousands of Saudis take up jobs in Gulf countries
Saudis are now working in other Gulf Cooperation Council countries particularly Kuwait. In contrast, very few GCC citizens work in the ...

Saudi- Solar power to be main energy source by 2017
Gulf countries are increasingly turning their focus toward clean renewable sources of energy for their power generation, with solar energy set ...

UAE- SCA plans to offer its services via smartphones in two years
Securities and Commodities Authority , which is automating its activities, will be providing 40 different services to listed firms, ...

Gulf states plan $155 billion solar energy projects
Solar energy is set to emerge as one of the Gulf region's main sources of energy by 2017 with approximately $155 billion worth of solar ...

UAE- Economic City, Emaar Mobily sign deal
Emaar Economic City has announced signing a contract with Etihad Etisalat on Tuesday to build, operate and maintain the ...

S. Korea proposes new talks with N. Korea on Kaesong
South Korea on Thursday proposed fresh talks with North Korea aimed at re-opening a shuttered joint industrial zone at Kaesong, a government ...

Cambodia's Khmer healers get schooled in ancient art
A lizard dipped in wine may not seem like an obvious asthma remedy, but as Cambodian traditional healers strive to turn their ancient wisdom into a ...

'Cousin marriage' doubles gene risk for babies: study
First cousins who marry run twice the risk of having a child with genetic abnormalities, according to the findings of a study in the English city of ...

Japan's Kanebo recalls cosmetics over skin stain fears
Japanese cosmetics maker Kanebo on Thursday announced it was recalling 54 skin whitening products from all over Asia because of fears they could ...

Slash-and-burn a way of life on Indonesia's Sumatra
The ground was still hot and smoke hung in the air when Saparina set out to plant her spinach in the ashen remains of rainforest on Indonesia's ...

Egypt- Army ousts, detains Mursi
Egypt's army ousted and detained the president Mohamed Mursi on Wednesday after a week of deadly clashes and mass protests calling for him ...

Saudi- Insurance premiums for cars go up by 60%
The Saudi Arabian Monetary Agency has decided to raise vehicle insurance premiums by 60 percent, a move that has angered car rental ...

Saudi leaves job to organize tourist trips to Empty Quarter
The growing pace of tourism in the Kingdom has propelled a young Saudi to leave his job and establish a tourism company. Metib Abdullah ...

Saudi- Mile-high birth on flight to Manila
An overseas Filipino worker from Jeddah gave birth to a baby girl on Tuesday morning while on board a Saudi Airlines plane flying over Indian ...

Saudi- SR 5 billion loans to build new homes
The Real Estate Development Fund has sanctioned 10,015 loans worth more than SR 5 billion to build more than 12,000 new housing units in ...

Saudi- MODON to allocate lands for 600 factories
Saleh Al-Rasheed, director general of Saudi Industrial Property Authority , says lands have been allocated to establish 300 factories ...

India's Jet shares slump
Shares of Jet Airways slid as much as six percent on Tuesday amid new investor worries over whether the Abu Dhabi-based Etihad airline would ...

U.S. trade deficit widens, services sector slows
> The U.S. trade deficit widened in May while the services sector slowed across the nation in June, official data showed here ...

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