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Saturday, July 27, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

IMF expects Saudi economy growth in 2013 to be at 4 percent
IMF reported that Saudi economy experienced a 5.1 percent increase in 2012. This growth was cited to government spending, strong private sector and high ...

Sudan delays oil pipeline closure: Ethiopia
Sudan will delay closing an economically vital pipeline carrying South Sudanese oil, the Ethiopian foreign ministry said on Friday."The Government of ...

GE says will cut 600 jobs in France within year
Industrial conglomerate General Electric will cut about 600 jobs in France within a year, union and company sources said on Friday, a move that ...

Raytheon close to seal USD1.5b deal with Oman
US defense firm Raytheon Co said it is close to seal a significant deal with Oman that would help keep the company's international sales strong in 2013, ...

Kuwait- Wedding vow & rape
An unidentified candidate from the First Constituency who lured a well-known actress with promises of marriage and appointment as secretary if ...

Kuwait: 1.5 kg heroin seized
An Asian expatriate was arrested at Kuwait International Airport for attempting to smuggle 1.5 kilograms of heroin into the country. According ...

ABC posts $112m half-year profit
The Arab Banking Corporation, or ABC, recently announced that its consolidated group net profit for the first half of 2013 was $112 ...

Saudi Aramco to build new gas plant
Saudi Aramco is set to build a new gas plant at al-Fadhili oilfield, with a processing capacity of 1 billion standard cubic feet per day of sour ...

Bananas, pain killers do trick for world's oldest man
A US drug company said Friday it was considering a banana-flavored version of its pain reliever after the world's oldest man attributed his longevity ...

Etisalat mulls a bid move for Pakistan's Warid Telecom
UAE's top telecoms operator Etisalat is mulling a bid move for Pakistan mobile operator Warid Telecom, Reuters reported citing sources aware of the ...

Saudi with a golden heart spends savings on cancer-hit worker
A Saudi spent all his savings and even borrowed money to have his illegal Bangladeshi guard treated for a brain tumor. The worker, Mahboob, ...

Rope-free climb up skycraper to be live TV stunt
A top free climber is making plans to scale one of the world's tallest buildings, in the latest daredevil stunt to be telecast live around the ...

The full moon may make it hard to sleep: study
Swiss researchers said Thursday that people really do have a hard time getting a good night's sleep when the moon is full, even when they can't see ...

Tall women face higher cancer risk: study
Taller women may face a higher risk of many cancers than their shorter counterparts, according to a US study released Thursday.Researchers looked at ...

Guns, grenades and rockets at N. Korea flower show
It's a long way from your average flower show, with mock missiles bristling behind the begonias, and garden gnome-sized troops lobbing grenades over ...

Isolated Turkmenistan bows to Internet age
When Turkmen mother Selbi Dzhafarova wanted to buy a toy car for her son's birthday, he burst into tears. "He asked us to buy him a computer ...

Brazilian protesters wreck banks in Sao Paulo
Some 300 Brazilian protesters ransacked around 10 banks and set fire to a television news van in Sao Paulo on Friday before police dispersed them ...

Saudi- Suspect says he tried to 'rescue Iraqi women'
First defendant and the leader of Cell 86, accused of embracing the takfiri approach under Al-Qaeda and planning and recruitment for terrorist ...

'Iraq pardons 17 Saudi prisoners'
Iraqi Prime Minister Nuri Al-Maliki has pardoned 17 Saudi prisoners who would soon be handed over to a Saudi delegation visiting Baghdad, a ...

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