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Sunday, July 28, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Kuwait - KSE index closes at 8,095.35 points last week
�Kuwait Stock Exchange ended last week in the green zone. The price index closed at 8,095.35 points, up by 1.90% from the week before ...

Small Indian retailer locked in trademark fight with Gap
An Indian recycling company which uses junk to create accessories is fighting a legal trademark suit launched by US clothing giant Gap Inc demanding ...

Suzuki Motor to build new plant in Indonesia
Suzuki Motor plans to invest a total of 100 billion yen in Indonesia as Japanese automakers increase their presence in Asia, reports said on ...

UAE- Over 99 % of firms committed to midday break rule
�Out of 25,248 companies inspected by labour inspectors, the Ministry of Labour found that 99.41 % or 25,100 companies are complying with ...

Dollar weakens for third week, mixed data worries Fed outlook
The dollar slumped against six of its major counterparts last week behind further choppy economic data, signaling the Federal Reserve will ...

USA- 7 die in Florida hostage siege
�A gunman holding hostages inside a South Florida apartment complex killed six people before being shot to death by a police commando team that ...

USA- Couple born same day, wedded 75 yrs, die day apart
�A Southern California husband and wife who were born on the same day and celebrated their 75th wedding anniversary last year have died just a ...

Ford to recall 2013 C-Max hybrids over roofs safety issue
US second largest automaker Ford Motor Co. is set to recall 33,021 C-Max hybrid cars over roof issue, AP reported. The company said vehicles involved ...

Watch for hepatitis cases after holidays
�The incidence of Hepatitis A in the emirate rises after summer holidays, according to the Communicable Diseases report by the Health ...

UAE is a state of giving, peace and security: Khalifa
�The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, on Saturday, welcomed the initiative launched by His Highness Shaikh ...

Qatar- QNB: MENA oil exporters to grow by 3.2% in 2013
�The IMF has released its latest edition of the World Economic Outlook and has revised down its projections for 2013 global growth by 0.2 ...

Spain train driver faces 'reckless homicide' charges
�SANTIAGO DE COMPOSTELA: The driver of a train that hurtled off the rails killing 78 people in Spain faced possible charges of "reckless ...

Saudi- Businesses call labor laws biased
�Employers claim that they have been making efforts to legalize workers and meet goals under the Labor Ministry's new requirements, but have ...

Saudi- Youth raise awareness on kindness during Ramadan
�Saudi youth joined hands with Max Media and other charitable organizations, local hospitals and shopping malls to participate in a campaign to ...

Saudi- Real Estate sector up 4.53% in a week
�The Saudi stock market delivered a positive end result last week. Despite closing lower for three days during the week, the Tadawul All-Share ...

Gulf Air's restructuring pays off
Bahraini carrier, Gulf Air, reported its best half-year results. The company is going through a restructuring plan since the beginning of the year, ...

EUR/USD
EUR/USD Outside Day as Rally Reaches June FOMC Level 4Hour Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in ...

UK- Bolt marks London return with 100 win
� Usain Bolt returned to the scene of his triple Olympic glory and duly delivered for 60,000 camera-flashing fans as he overcame a slow start ...

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 ...

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