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Monday, July 15, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

KSA assistance to Arab nations exceeds SR200bn
The Kingdom has provided Arab countries with more than SR200 billion in foreign aid between 1990 and 2013, a Saudi economist said. "SR163.5 ...

Hungary proposes closure of Budapest IMF office
Hungary's central bank governor Gyorgy Matolcsy said Monday the country will soon repay a 2008 loan from the International Monetary Fund, and that ...

New Egypt minister says no to IMF aid
Aid from Arab states will carry Egypt through its transition period, and it does not need to restart negotiations with the IMF now, the man ...

Saudi- Hiking electricity rates may raise consumer prices
A source at the Industrial Cities Commission asserted that the commission plays no role in determining electricity prices, as the ...

Saudi- SR2,400 expat levy 'slowing investments'
Businessmen and economists have called for the withdrawal of SR2,400 expat levy, saying the measure was one of the main reasons for increasing ...

Saudi- Alwaleed tops list of 50 Most Influential Arabs
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company , has been ranked No. 1 for 5 consecutive years in Middle East's Magazine's ...

Hollande says French economy is recovering
President Francois Hollande vowed Sunday to fight French "pessimism" in the face of a struggling economy, and acknowledged that the country's ...

Record bets on Britain's 'Baby Cambridge'
The long wait for the birth of Prince William and his wife Catherine's royal baby is big business for Britain's bookmakers.Punters around the world ...

Tokyo Stock Exchange absorbs Osaka bourse
The Tokyo Stock Exchange on Tuesday officially absorbed the smaller Osaka bourse, creating the world's third-largest stock market on a par with ...

Army move against Mursi 'legitimate' - Egypt envoy
Egypt's UN ambassador in Geneva, Wafaa Bassim, summoned reporters to her country's UN mission to spread the message that the "second ...

NDB, FGB sign a USD245 m construction contract with Abdulsalam Al Rafi group
The National Bank of Dubai and Abu Dhabi's First Gulf Bank had agreed a USD245 million construction fund to creat a three-tower real estate ...

British gay marriage bill clears crucial hurdle
The first gay marriages in England and Wales are set to take place in 2014 after the legislation passed through parliament's upper chamber the House ...

New Zealand inflation at 14-year low
New Zealand's annual inflation rate slipped to a 14-year low in the 12 months to June, official data showed on Tuesday, with cheaper telecoms bills ...

Tourists flock to Pakistan Kashmir valley in rare boom
Success stories can be rare in Pakistan, but business is booming in one Kashmir tourist spot as the region rebuilds after a devastating earthquake ...

6,000 people missing in India floods presumed dead
Almost 6,000 people listed as missing after flash floods and landslides struck northern India last month are now presumed dead, officials said ...

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