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Monday, July 8, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- HIV-tainted blood recipient demands SR 50 m damages
The Administrative Court in Riyadh is currently examining a petition filed by a child, who was transfused with HIV-contaminated blood samples ...

New Egyptian leader vows fresh elections after 51 killed
Egypt's interim leader vowed fresh elections by early next year after 51 people, mostly supporters of ousted president Mohamed Mursi, were ...

Etihad revenues hit $921m
Etihad Airways, the national airline of the UAE, reported an eight per cent year-on-year increase in passenger revenues to $921 million in ...

UAE- Arabtec's $653m rights issue call oversubscribed
Dubai contractor Arabtec Holding said on Monday that its Dh2.4 billion rights issue was nearly 30 per cent ...

Ramadan to begin Wednesday
The fasting month of Ramadan begins in Saudi Arabia on Wednesday as nobody sighted the new crescent on Monday. "Tomorrow, July 9 will be the ...

Royal baby biscuit anyone? British retailers cash in
There's nothing like a royal baby to lift a nation's spirits -- and those of its retailers, who are hoping to cash in on Prince William and ...

Saudi- SR 2,400 expat fee: Contractors see some relief
The government has decided to offset the cost of expat taxes imposed on contracting companies by asking these firms to incorporate the ...

Dubai may raise $ 1 bn from telecoms stake sales
Dubai Holding could raise almost $ 1 billion from the sale of its minority stakes in two telecoms firms, J.P. Morgan said in a research note, ...

Qatar plans to invest $ 140 bn in transport infrastructure
A recent Deloitte report entitled 'Insight into the Qatar construction market and opportunities for real estate developers' examines the ...

Brazil to lure foreign doctors to fill posts
Brazil launched a program to lure thousands of foreign doctors to fill vacancies in its public health system, a move criticized by many domestic ...

Bull run draws thrill-seekers, the young and veterans
Young daredevils from around the world flock to Pamplona during the San Fermin bull running festival to join veteran locals in a mad dash through the ...

Gabon makes rare challenge to China over oil practices
Gabon has taken the exceptional step of withdrawing the right of Addax Petroleum, a subsidiary of Chinese oil giant Sinopec, to exploit an oilfield, ...

French Central Bank boosts growth forecast for 2QTR''13
> France's Central Bank said in a report Monday that Gross Domestic Product is estimated to have risen 0.2 percent in the ...

Brazil president confirms probe into reports of US spying
Brazil is to investigate reports of US electronic spying on its citizens, with President Dilma Rousseff saying Monday that, if proven, such ...

Suspended death for China ex-minister's 'huge' bribery
China's former railways minister Liu Zhijun was given a suspended death sentence yesterday for "especially huge" bribery, becoming the ...

Indian rupee slides to record low
India's rupee slid to a new record low against the dollar yesterday as the greenback was boosted by stronger than expected US jobs numbers. ...

Saudi- Beggars look forward to a month of high earning
The streets are set to become haunts of beggars once again this Ramadan, as the scroungers devise innovative methods to hypnotize people to ...

Woman jumps to death in Bur Dubai
A 30-year-old woman jumped to death from her seventh-floor apartment in a building in Bur Dubai on Monday morning. The preliminary ...

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