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Sunday, July 14, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Egypt prosecutors quiz Mursi over prison break
�Investigators began questioning Egypt's ousted President Muhammad Mursi and members of his Muslim Brotherhood on Sunday over their escape from ...

Ex-Goldman Sachs trader's US fraud trial starts Monday
The trial of former Goldman Sachs trader Fabrice Tourre, who is accused of misleading investors about risky assets linked to the US housing market ...

Saudi core inflation maintains its downward trend in June
�The Central Department of Statistics and Information released Consumer Price Index inflation data for June, showing prices ...

Midday work ban to be enforced
�The Ministry of Labor has vowed to inflict heavy sanctions against enterprises and individuals who violate the ban against laborers working ...

Saudi Arabia signs USD1b contracts with education providers
Saudi Arabia has signed USD1.1 billion contract with colleges in the US, UK, Canada and Spain to provide technical training to nationals in the oil-rich ...

Greek PM faces week of protests over new austerity bill
Greece's prime minister faces protests this week over a bill that must pass for the country to receive a fresh tranche of EU-IMF aid."Stress test in ...

Delivering mail in Kabul, where streets have no name
In Kabul, many streets have no name and houses often have no number, meaning that postmen already braving the constant threat of suicide bombings ...

Racist attacks on rise in crisis-hit Greece
Omar Diallo's head is still swollen after a recent assault on the streets of Athens which left him with several stitches.Having fled his troubled ...

$1bn GCC water link study gathers pace
�Efforts are under way to link the Gulf Cooperation Council states with a water pipeline at a cost of $1 billion. Officials say the project, ...

Makkah hotel prices dive 150%
�A tourism official in Makkah has confirmed that the prices of hotels have undergone radical change and returned to their normal rates. "We ...

Saudi- Shoura won't OK labor law biased against citizens
�The Shoura Council is expected to allay the fears of Saudi employees working in the private sector regarding their employment security ...

Saudi real GDP growth rate down to 2.1% in Q1
Official data showed that Saudi real gross domestic product , adjusted for inflation, has grown at a slower pace in the first quarter form a year ago, ...

Oman's Renaissance agrees to sell unit to Interserve USD46m
Oman's Renaissance Services has agreed to sell its oilfield maintenance services unit Topaz Oil and Gas to UK's Interserve for USD46 million, Arabian ...

UAE's east cost polluted due to Oil leak
A cargo ship at Al-Fujairah coast caused damages to 2 km of the beach due to oil leak, reported Arabian Business. Concerns are that the oil spill will ...

US jury finds Zimmerman not guilty in death of black teen
�SANFORD, United States: Protests broke out early Sunday after a Florida jury found neighborhood watchman George Zimmerman not guilty of ...

India's largest nuclear plant to generate power
�NEW DELHI: India's largest nuclear plant, dogged by violent protests and multiple delays, has commenced operations to start generating ...

Trimet offers to buy Rio Tinto's French aluminum plant
Anglo-Australian mining giant Rio Tinto has announced that it had received a binding offer for its French aluminum plant, in a deal that, if approved, ...

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