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Tuesday, July 23, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Obama pledges 'bold' ideas to help US middle class
President Barack Obama pledged to unveil "bold" ideas to help America's struggling middle class as part of a fresh offensive to boost the ...

Iraq oil exports fall on weather, sabotage
Iraqi oil exports fell in June for the second month in a row as poor weather hit southern ports and saboteurs damaged a key pipeline, the oil ...

US existing-home sales slip in June
Sales of previously owned US homes unexpectedly slipped in June amid rising interest rates but prices continued to rocket higher, a real-estate ...

Netflix adds profit after prestige, but investors cool
The online video group Netflix said Monday profits jumped in the past quarter, giving it some cash after recent Emmy nominations, but the results ...

Emirates NBD gains up 50%
Emirates NBD, a leading Dubai-based bank, on Monday announced a 50 per cent jump in its second-quarter net profit to Dh972 million, ...

Over 43,000 new residential units in Abu Dhabi by 2015
ver 43,000 residential units will come online by 2015 in Abu Dhabi, where the current residential stock is 211,000 units, a report has ...

Saudi- Amiantit sells 70% stake in Jos Hansen & Soehne
Saudi Arabian Amiantit announced on Monday that the group sold its 70 percent ownership in Jos Hansen & Soehne, GmbH, a German trading company ...

NCB: Petrochemical prices are to come under pressure in long-term
The global landscape of the petrochemical industry is set to radically change over the next five years on the back of recent shale oil and gas ...

Rupee volatility at one-month low
olatility in India's rupee fell to a one-month low on speculation steps by the central bank to boost returns on local-currency assets will ...

Nigeria and India to establish solar power plants
Nigeria and India came to an agreement to establish solar power plants in the African country to support its grid, reported Saudi Gazette. Daily Trust, ...

Oil prices mixed after weak US housing data
Global oil prices closed mixed, with New York oil slumping after disappointing US housing data and as traders booked profits from a recent ...

World economic recovery still facing downside risks
IMF's world economic Outlook update, July 2013, forecasted that the global economy would grow by 3.1 per cent this year. The forecast on ...

UAE mobile services revenue hit Dh20.4 billion in 2012: TRA
Telecommunications market continued to thrive in the UAE in 2012 with fixed-line subscriptions reaching almost two million and active ...

Saudi- Ramadan demand raises maid salaries
Ramadan has caused a surge in demand for domestic help, resulting in monthly wages exceeding SR1,800, according to sources. Most families ...

Syria rebels seize key northern town
Syria's rebels on Monday seized the strategic town of Khan Al Assal, a regime bastion situated in the northern province of Aleppo, a ...

Mursi family vows legal action
he family of ousted president Mohammed Mursi said on Monday they plan to sue Egypt's army chief, General Abdel Fattah Al Sisi, for having ...

30 million girls risk genital mutilation: UNICEF
More than 125 million girls and women alive today have undergone female genital mutilation, and 30 million more girls are at risk in the next decade, ...

Britain's #RoyalBaby blitzes social media
Britain's royal baby spawned a social media frenzy on Monday, but one newspaper's website installed a "republican button" to let readers escape the ...

Wealthy Chinese fork out for high-class etiquette
How to properly peel an orange, hold an oyster fork, and pronounce luxury brand names -- wealthy Chinese are paying handsome sums to learn such ...

UAE- Norwegian woman who claimed rape pardoned
A Norwegian woman, who was jailed for having illicit sex and for giving a false report to the authorities about being raped, has been ...

Men who skip breakfast face heart attack risk: study
Men who skip breakfast may face a higher risk of heart attack or deadly heart disease, according to US research published on Monday.A study of nearly ...

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