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Sunday, July 21, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

World's cheapest computer gets millions tinkering
It's a single circuit board the size of a credit card with no screen or keyboard, a far cry from the smooth tablets that dominate the technology ...

G20 puts growth before austerity as recovery splutters
Facing a fragile recovery and the threat of a new economic slowdown, the G20 this weekend agreed to prioritise boosting growth and jobs and for now ...

Fed-up Greeks fight Sunday shopping plans
A new attempt in Greece to open up shops on Sunday in order to fight recession and joblessness has run into opposition from an unlikely alliance of ...

Saudi auto imports to break 1m units barrier in 2015
�In 2011, Saudi Arabia recorded strong growth as the expansion of the oil sector was complimented by increased stimulus measures. However the ...

US- FAA seeks inspections of Boeing 787 rescue beacons
�NEW YORK: The US Federal Aviation Administration said yesterday it will require inspections of emergency locator beacons on US-registered ...

US- Govt. workers challenge Detroit bankruptcy in court
�DETROIT: Detroit's bankruptcy was challenged in court Friday by government workers fighting to protect their retirement benefits as Michigan's ...

Bombs strike favoured Ramadan hangouts in Iraq
Young Iraqis often spend evenings in cafes after fasting during the Muslim holy month of Ramadan, but a string of bombings against the popular ...

Aramco: No fuel deal with Qatar Airways
�Saudi Aramco said Saturday that it had not signed any agreement with Qatar Airways for selling jet fuel at discounted prices following reports ...

Police warn against Ramadan fraudsters
�Eastern Province police have warned citizens and expatriates to be wary of swindlers during the month of Ramadan. Spokesman of the Eastern ...

Chevron signs USD150m contract with Seadrill
Bermuda-based offshore drilling company Seadrill has won a USD150 million contract with Chevron for one of its newbuild drillships, Reuters ...

US Whirlpool reports USD198m profit
US home appliances maker Whirlpool Corp said it made USD198 million net profit during the second quarter, up from USD113 million a year earlier on ...

Apple acquires 2 online mapping services firms
US iPhone maker Apple Inc. has acquired two startup online mapping services firms as it seeks to create a better alternative to Google's navigation system, ...

Swedish Electrolux reports USD98m profit in Q2
Swedish home appliance maker Electrolux posted an 8 percent decline in quarterly profits on weaker European economy and unfavorable currency fluctuations, ...

US court fines Panasonic, Sanyo USD56m over price-fixing
The US Justice Department has imposed a total of USD56 million fine on Japan's Panasonic and its subsidiary Sanyo, after they had pleaded guilty to ...

Saudi- Women call for fair family laws
�Despite ongoing legal and organizational efforts to give justice to women, they are still unjustly treated because of the delay in ruling in ...

Strike in Jordan delays Saudis
�A worker's strike on the Jordanian border has seen Saudi and other travelers, including truck drivers, delayed for hours. The Saudi Embassy ...

Former jail keeps memory of Communist repression raw
Sixty years ago, as the Iron Curtain sealed off Eastern Europe, Teodor Stanca was among millions sentenced to jail, death or forced labour for ...

Brain-dead woman helps save 7 lives
�The organs of a 20-year-old brain-dead woman have been used to provide transplants for seven patients in Riyadh and Dammam. The Shafah ...

Saudi -Ethiopian maid? No thanks!
�Fearing for the lives of their children after two Ethiopian maids killed two young girls in their care recently in separate incidents, a ...

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