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Sunday, July 28, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- Sharjah rents surge 16%
harjah's residential rental market recorded an average growth of 16 per cent over the past 12 months, according to a study by a real estate ...

Rupee on the ropes: India unlikely to increase rates
India's struggling economy is crying out for interest rate cuts to spur growth but with the rupee on the ropes monetary easing is out of the ...

Amazon.com plans to employ 7,000 jobs in the US
Amazon.com Inc. unveiled plans to employ 7,000 staff in 13 US states, boosting up manpower at the warehouses where it fills orders, and in its customer ...

UAE-Adac sees 12.6% increase in first-half traffic
The Abu Dhabi Airports Company, or Adac, on Sunday released its traffic performance results for the first half of 2013, revealing strong ...

Etisalat, Samsung sign co-op agreement
The Etisalat Group and Samsung recently signed a deal that will lead to an influx of some of the most sought-after telecommunications ...

Dubai's Empower awards USD42m contract to TransGulf
Dubai-based district cooling provider Empower has awarded a USD42.2 million contract to electro-mechanical contractor TransGulf for the construction of the ...

Contracting projects worth more than $900bn under way in GCC
Despite the economic and financial challenges the world over, the GCC contracting industry is projected to post a strong growth in the coming ...

India unlikely to raise rates as rupee on the ropes
India's struggling economy is crying out for interest rate cuts to spur growth but with the rupee on the ropes monetary easing is out of the ...

Jordan to hike power prices despite warnings
Jordan plans to raise power prices after doubling taxes on cellphones to offset a large budget deficit, despite warnings that such measures ...

Publicis, Omnicom plan merger to create USD35b entity
Advertising giants Publicis and Omnicom plan union to create the world's biggest advertising group, worth USD35.1 billion, Reuters reported. The ...

Kuwait govt resigns after parliamentary polls
The Kuwaiti government on Sunday submitted its resignation to the oil-rich Gulf state's ruling Amir in line with the constitution a day ...

Egypt crisis deepens, EU's Ashton visits Cairo
EU foreign policy chief Catherine Ashton flew into Egypt for talks Monday as international pressure increased on the new regime over the ...

Pilgrims flood Rio beach for pope's farewell mass
Pope Francis celebrated a farewell mass before three million pilgrims on a Brazilian beach Sunday, urging young Catholics to spread the gospel as he ...

Myanmar monasteries offer bootcamp for the spirit
Pre-dawn wake-up calls, days of silence and hunger may not be everyone's idea of a holiday, but for tourists seeking spiritual sustenance Myanmar's ...

UAE- Complex surgery saves premature twin girl

A life-saving surgery was performed on one of the premature twin girls born to a couple after a 10-year wait. The Pediatric and ...

Jewels worth 40 million Euros stolen in Cannes: investigator
An armed man stole jewels with an estimated value of 40 million Euros in a brazen heist in broad daylight at a diamond ...

Saudi- Girl kills herself by drinking petrol
An investigation into the death of Hanan Al-Shahri, a Saudi from Bisha who committed suicide by ingesting gasoline, is continuing as law ...

The grass-pickers of Pyongyang
At first glance it seems like a task worthy of Hercules -- manicuring lawns the size of a football field with a pair of tweezers.And not just any ...

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