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Thursday, July 25, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Obama defends economic vision as battles loom
President Barack Obama made a campaign-style swing through the Midwest in which he challenged a hostile Congress to work with him to restore middle ...

S.Korea GDP up 2.3% at two-year high in Q2
South Korea's economy grew at its fastest pace in two years in the April-June period on government stimulus and a rise in consumer spending, its ...

UAE- Nakheel back in business
Nakheel will remain focused on expansion of existing projects and announce new developments later this year following a successful ...

Abu Dhabi offers wider choice of properties to mid-level investors
Abu Dhabi is primed to offer mid-level investors an increasingly wide choice of properties for buyers looking to enter the local real ...

Qatar-Real estate sector transactions up 81pc
he real estate sector witnessed a standard growth of 81 percent taking the combined value of transactions, during the second week of July ...

Kuwait's trade surplus with Japan widens 52.8 pct
� Kuwait's trade surplus with Japan widened 52.8 percent in June to JPY 75.4 billion from a year earlier, remaining in the ...

Oman plans to double its investments in five years
Oman's projects market is set to receive a massive boost as the sultanate doubles its investment in turnkey projects over the next five ...

Japan firms spend $8.2bn on M&A in Southeast Asia
Japanese firms have spent record amounts scooping up assets in Southeast Asia this year, part of a trend that has seen Tokyo moving to boost ...

India's rupee posts biggest gain in a month
India's rupee strengthened against the dollar on Wednesday - posting its biggest single-day gain in a month - after the central bank took new ...

Jeddah airport project on schedule
The construction of the King Abdul Aziz Airport Project is on schedule and will be completed by the end of next year, Prince Fahd bin Abdullah ...

Mobile lifts Facebook profit, stock price surges
Facebook surprised Wall Street by showing it can make money from folks on smartphones and tablets, causing the leading social network's stock to ...

Visa reports USD1.23b profit in Q3
Visa Inc. reported USD1.23 billion net profit during its fiscal third quarter, versus USD1.84 billion loss a year earlier, AP reported. The prior-year ...

Apple may launch tablets and iPhones with bigger screens
Apple Inc. is considering launching versions of its smartphones and tablets with bigger screens, Times of Oman reported. This move comes as an attempt ...

Violence mars first gay pride parade in EU hopeful Montenegro
Riot police in Montenegro on Wednesday clashed with stone-throwing extremists protesting against the first gay pride parade held in the staunchly ...

Scandal of operation conducted by power drill hits Moldova
A video of surgery conducted on a teenager with a power drill by doctors who claimed their state-run hospital could not afford the medical equivalent ...

Scientists find faulty gene link to allergies
US scientists said Wednesday they have found a genetic link to allergies, which also exists in people with connective tissue disorders.The findings ...

UAE- CEO, three others jailed for swindling Dh1.1m
A European CEO of a local company and three Arab nationals who work in the same company as managers and consultants, have been convicted in ...

Saudi- Man held in job scam
Riyadh police arrested an unemployed man on suspicion of being involved in a scam to impersonate a Ministry of Civil Service employee to have ...

Saudi- Men fined SR10,000 for taking pictures
Three Al-Ahsa men have been fined SR10,000 each for taking pictures of people in a public area without their permission. The fines were ...

Kuwait- Two women in drug-peddling gang
�An Arab national, an Asian man and two Asian women were arrested for drug trafficking and possessing drugs and unlicensed weapon, reports ...

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