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Wednesday, July 31, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Qatar- Ooredoo revenue surges to QR17.1bn in H1
Telecom major Ooredoo's revenue rose 4.7 percent to QR17.1bn in the first half of 2013, compared to the same period in 2012. The Group's ...

ADCB net profit rises 32% on higher interest income
Abu Dhabi Commercial Bank net profit soared 32 per cent in the second quarter to Dh917 million on higher interest income. The second biggest ...

US fines Wyeth $490.9m for illegal drug marketing
Wyeth Pharmaceuticals has pleaded guilty to misbranding a drug that prevents the rejection of organ transplants and agreed to pay $490.9 ...

Tokyo stocks end down 1.45pc
Tokyo stocks closed down 1.45 percent on profit-taking Wednesday after the previous day's gains, with the latest batch of corporate earnings ...

Rainstorms Affect 2.8 Million in E. China
Heavy rain affected nearly 2.83 million people in east China's Shandong Province last week, local authorities said. The rain, which ...

US Hudson's Bay agrees to buy Saks for USD2.4b
Hudson's Bay Co, which owns luxury retailer chain Lord & Taylor, has agreed to buy luxury retailer Saks for approximately USD2.4 billion, AP ...

UAE's Etisalat affiliate interested in Pakistan's Warid
Pakistan Telecommunication Co Ltd , an affiliate of UAE's No.1 telecoms operator Etisalat has officially expressed its interest in mobile operator ...

Japan manufacturing production down 3.3% in June
Official data showed that Japan's manufacturing production dropped by 3.3 percent in June from May, the largest since March 2011, when a massive earthquake ...

India's central bank governor set to 'move on'
India's central bank governor has decided to "move on" and a hunt for his successor is underway, the country's finance minister was quoted ...

China Yuan Weakens to 6.1788 against USD
The Chinese currency Renminbi, or yuan, weakened 18 basis points to 6.1788 against the U.S. dollar on Wednesday, according to the China ...

Chinese workers strike over takeover of US firm
More than 5,000 Chinese workers at a Sino-US joint venture tyre manufacturer have gone on strike against the American parent company's $2.5 billion ...

EADS posts 14% leap in Q2 profits, becomes Airbus
European aerospace giant EADS on Wednesday posted a 14 percent jump in second quarter net profits to 518 million euros , and said it ...

India's poor drain 'impure' blood to cure ills
Mother-of-three Lilavati Devi stands perfectly still in the hot sun in Old Delhi as a practitioner and his assistants check the veins in her ...

Pope gay comments a step in right direction: US groups
Pope Francis' remarks that he would not "judge" homosexuals were positively received Monday by liberal groups in the US as "largely symbolic," but a ...

Copy of Schindler's list fails to find eBay buyer
An original copy of the list of Jews saved by Oskar Schindler from the Holocaust has gone unsold on eBay, but the auctioneer said Monday he's not ...

Body of fourth South Korean climber found in Japan Alps
Japanese police Wednesday said they had retrieved the body of a fourth South Korean climber who died along with three compatriots after the ...

At least 10 dead as record heatwave hits Shanghai
More than 10 people have died in China's commercial hub Shanghai, a local health official said Wednesday as the city grapples with its highest ...

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