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Wednesday, July 17, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US Fed says will not raise rates in forseeable future
US Federal Reserve Chairman Ben Bernanke reiterated Wednesday that the Fed is nowhere close to raising interest rates, assuring markets that the ...

UAE- Land deals surge 30%
Dubai's ideal environment for investment continued to attract local and international property buyers during the first six months of the ...

Saudi- Children of expats can work in private sector
Children of expatriates can work in the private sector if they transfer their sponsorship to the companies employing them, according to the ...

Zain's Q2 gross profits up 18%
Zain KSA's gross profits increased in Q2, 2013 reaching to SR 831 million; 18 percent higher than the corresponding quarter of last year, ...

Saudi- SR587m for 14 industrial projects
The Saudi Industrial Development Fund has approved 14 loans worth SR 587 million for the establishment of nine industrial projects and ...

UAE tops in region's oil and gas contracts
The UAE leads the MENA region in value of contracts awarded in the oil and gas sector, with Zakum Development Company awarding a huge ...

Lenovo becomes 'world's biggest' PC supplier
Lenovo has become the No. 1 PC supplier in the world, according to a report issued by IDC and Gartner. "Lenovo reached 16.7 percent global ...

End of China boom a challenge, not a crisis: Australia
Treasurer Chris Bowen on Thursday insisted an end to the Chinese resources boom was not a crisis for Australia's mining-driven economy, but admitted ...

UAE- DDF re-prices $1.75b loan
Leading airport retailer Dubai Duty Free said on Tuesday that it had concluded the re-pricing of its $1.75 billion six-year ...

Saudi- Metro system to lead facelift of Madinah
Madinah will have a major facelift shortly as plans have been made for its comprehensive development by implementing a number of projects ...

China bars GSK executive from leaving amid bribery probe
Chinese authorities have barred the British finance director of GlaxoSmithKline in China from leaving the country, the company said Thursday as ...

Japan's SoftBank forms green tie-up with US firm
Telecom giant SoftBank said Thursday it had set up a joint venture with US firm Bloom Energy to supply green energy to businesses in Japan.SoftBank ...

New Zealand clamps down on 'legal' highs
New Zealand introduced a new law on Thursday which bans the use of drugs offering so-called "legal" highs unless manufacturers can provide clinical ...

Homemade 3D guns in US stir more buzz than bang
Like many Americans, Travis Lerol has owned guns for much of his life, but the single-shot Liberator he made himself in his basement with a tabletop ...

Intel profits slide as chipmaker repositions
Intel Corp. said Wednesday profits in the past quarter slid by 29 percent as the chipmaking giant accelerated its efforts to focus on mobile ...

'Intelligent' knife can tell tumor from healthy tissue
A new kind of surgical knife can tell cancerous from healthy tissue in seconds and may help improve tumor removal in the operating room, according to ...

Fighting drug gangs in the notorious Golden Triangle
A Thai police gunboat prowls the waters of the Mekong River searching for the drug gangs that haunt this territory deep in the Golden Triangle, an ...

South Sudan army says unable to protect civilians in ethnic fighting
South Sudan's deputy defense chief has said neither his troops nor United Nations peacekeepers are able to protect civilians in ...

Saudi- Tiger on the loose raises fears among Madinah residents
A tiger was on the loose in Az Zira'ah neighborhood in the city, according to Col. Fahd Al-Ghannam, spokesman for Madinah Police ...

Saudi- Psychiatrists draining patients' pockets
The Ministry of Health has directed the 20 directorates under its wing to carry out ad hoc inspection tours of private psychiatric clinics in ...

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