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Sunday, July 14, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Oil strikes 15-mth high on Fed stimulus pledge
Most commodity markets rallied this week, with oil striking a 15-month peak, after US Federal Reserve chairman Ben Bernanke pledged to retain ...

Siemens Signs energy deal with Abu Dhabi of USD109 million
The German-based Siemens signed on Wednesday a new substation establishment contract of USD109 million worth in Abu Dhabi, reported Arabian ...

Australia to scrap carbon tax for trading scheme

Key greenhouse gas emitter Australia on Sunday announced it will scrap its carbon tax in favour of an emissions trading scheme that puts a limit on ...

Swiss watchmakers keep cool in wait for Apple smartwatch
Swiss watchmakers are warily eyeing Apple's reported progress towards creating a "smartwatch", but say they are not too worried about the tech ...

Saudi- New face mask can check coronavirus
A Swiss company has introduced a new face mask to combat the risk of infection in mass gatherings amid growing anxiety about the status of the ...

Saudi- Bangladesh recalls diplomat
A newly-appointed diplomat at the Bangladesh Consulate in Jeddah has been called back to the Foreign Ministry in Dhaka over an altercation with ...

Saudi- 'Free visa' dealers face crackdown
The Labor Ministry is taking new measures to prevent illegal visa trade. Officials said the ministry had amended the Labor Law to block ...

King Abdullah and Obama discuss Syria, Egypt
The Custodian of The Two Holy Mosques King Abdullah received a call from US President Barack Obama on Friday in which they discussed aid to ...

Saudia draws up new strategic plan for Jeddah airport
Saudi Arabian Airlines Director General Khaled Al-Molhem has approved a new strategic plan for Jeddah's new airport, which is aimed at ...

Qatar's real GDP grows 6.2% in Q1
Qatar continues to enjoy a strong economy, according to QBN Group. Qatar's real GDP expanded at a rapid pace in the first quarter of 2013 <6.2 ...

India seeks investment treaty talks with US
India is ready for talks with the United States on a bilateral investment treaty to reinvigorate commercial ties between the world's two ...

Saudi- Mataf ban on wheelchairs at peak hours
The authorities in Makkah have banned pilgrims from using wheelchairs on the mataf during peak ...

Snails face: Japan beauty treatment offers slime power
Having live snails crawling on your face sounds like the thing of nightmares, but in Japan one company is hoping people will be prepared to pay for ...

Saudi- Giant storage plant will solve Jeddah's water problem
The National Water Company plans to build a massive 12 million cubic meter storage facility in three years in Jeddah that will end all ...

Saudi- Expats help local firms recruit staff for a fee
Business opportunities for expatriates have been created by the Saudi crackdown on illegal foreign workers. Indeed, local establishments in ...

Saudi- Flour prices have remained constant in 30 years
The Director-General of the Silos and Flour Mills Organization, Walid Al-Khereiji, has said that three million sacks of wheat had been secured ...

Saudis tortured in Iraqi prisons
Saudi inmates in Iraqi prisons are tortured and executed without facing any specific charges, according to their families here. The father ...

Kuwait- Securitymen apprehend citizen 'wanted' by law
Securitymen apprehended a citizen wanted by law for theft and assault in Farwaniya area. Security sources said the suspect had aroused ...

Kuwait- Ex-boyfriend' complains theft
An Egyptian expatriate filed a case against an Asian woman, accusing the latter of stealing his mobile phone in Khaitan area. According to ...

Kuwait- Woman accuses ex of 'kidnap'
Kuwaiti woman filed a case against her ex-husband, accusing him of kidnapping their children. According to security sources, the Kuwaiti woman ...

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