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Wednesday, July 17, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

4 FX News Stories Overshadowed by Bernanke
With Fed Chairman Bernanke’s Congressional testimony stealing the spotlight, it would be easy to overlook the latest news and events from ...

Google eyes television over the Internet: reports
US Internet giant Google is scrambling to deliver pay television online and has met with some content providers on licensing, The Wall ...

'Dirty' GSK inflated China prices with bribes: paper
A Chinese state newspaper on Wednesday called GlaxoSmithKline, which is under investigation for bribery in China, "dirty and devious", accusing the ...

Saudi- Mobily's net profit rises to SR1.61bn
Etihad Etisalat has announced that its first half-year revenues totaled SR11.60 billion compared to SR10.69 billion for the same ...

Japan's NEC to pull out of smartphones
Japanese electronics giant NEC will likely abandon smartphone production after failing to bring China's Lenovo Group on board to bolster its ...

EU posts 15 bln euro surplus in foreign trade
> The EU trade in goods balance with the rest of the world in May 2013 was a 15.8 bn euro surplus, compared with a deficit of ...

M&A value up 30% in ME
The value of announced mergers and acquisition, or M&A, transactions with Middle Eastern targets reached $14.7 billion during the first ...

Goldman Sachs doubles Q2 profit on solid trading revenue
Goldman Sachs posted second-quarter profit on Tuesday that was twice what it reported in the period a year earlier, fueled by strong ...

Saudi- IDB approves $790m for development projects
The Islamic Development Bank's board of executive directors has approved new finances worth $790 million to carry out different projects in ...

Saudi- SEC posts SR1.50bn profit
Saudi Electricity Co. posted a 10 percent rise in second-quarter net profit on Tuesday after receiving a one-off payment to settle a dispute ...

Foreign demand for U.S. assets weak
> Separate U.S. federal economic reports released Tuesday showed foreign demand for U.S. assets remained weak while the cost of ...

Qatar- QIB H1 profit reaches QR630m
Qatar Islamic Bank's profit reached QR630m for the first half 2013 . The Bank's financing activities have strongly rebounded ...

UAE- UAB profit soars 35% in H1
nited Arab Bank, or UAB, on Tuesday said its first-half net profit surged 35 per cent to Dh260 million due to its expanding branch network ...

Saudi- Alert over fake marriage contracts
The Philippine Embassy has warned all Filipinos in the Kingdom against using fake marriage certificates, which contravene Saudi and Philippine ...

UAE- TV falls on baby, kills her
A six-month-old Arab girl died on Tuesday after a TV fell on her while crawling inside her house in Sharjah. According to police sources, ...

UAE- Man jailed for sexually assaulting mentally challenged relative
An unemployed man has been sentenced to three years in prison for sexually assaulting his nephew's 17-year-old mentally challenged son in ...

Air N.Z. says love in the air for first gay wedding
Air New Zealand announced plans to stage the country's first same-sex marriage at an altitude of 30,000 feet , saying it wants to prove ...

S.African school with zero pass rate an omen of crisis
Despite South Africa's position as the continent's largest economy, its public education system is in a dire state.One secondary school in the ...

Taiwan couples seek surrogacy abroad to escape ban
Three years ago Mr and Ms Lee fulfilled their dream of parenthood with the help of a surrogate mother.But like many Taiwanese couples in their ...

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