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Sunday, July 21, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

China urges GSK to 'cooperate' with bribery probe
Chinese police urged British drugs firm GlaxoSmithKline to "fully cooperate" with a bribery investigation in a meeting with a visiting ...

Qatar's QPI acquires 25% stake in Greek Heron II
Qatar Petroleum International has agreed to buy a 25 percent stake in Greek GEK TERNA's Heron II Power Plant, The Peninsula Qatar reported. Heron ...

Egypt's Nile water concerns rise
Egypt has expressed its concern about non-respondent Ethiopia to an invitation to discuss a dispute over a giant dam that Ethiopia plans to build on the ...

US praises Greece over economic reforms
US Treasury Secretary Jack Lew praised the "hard work" of Greece's Prime Minister Antonis Samaras on Sunday and urged his government to continue with ...

Portugal president rejects call for snap elections
Portuguese President Anibal Cavaco Silva has voiced support for the country's centre-right coalition government and rejected calls for snap elections ...

Channel to bring the best out of Saudi women
Come Thursday, Saudi Arabia will be boasting of having an exclusive satellite channel for women which will not only serve as a platform for ...

Saudi- SR1.4 billion urgent aid ordered for the needy
Custodian of the Two Holy Mosques King Abdullah has ordered SR1.4 billion in emergency assistance for beneficiaries of social insurance to meet ...

Oman Oil eyes 40% in UAE's Lubechem
Oman Oil Marketing Company is in talks to acquire a 40% stake in Lubechem International Industry for USD408,386, Times of Oman reported. The primary ...

British PM ups pressure on Internet firms over child porn
British Prime Minister David Cameron will on Monday demand Internet search engines take action to block queries about child sex abuse, threatening ...

Stem cell advance boosts prospects for retina treatment
Blind mice have been able to see once more in a laboratory exploit that marks a further boost for the fast-moving field of retinal therapy, according ...

Belgium throws giant party as Philippe ascends throne
Crown Prince Philippe ascended to the Belgian throne amid fanfare and festivity after his father Albert 11's abdication, and vowed to prevent the ...

Saudi- SABIC targets US opportunities
Saudi Basic Industries Corp. is studying investment opportunities in the US as the economic slowdown in Europe and China hurt its ...

Saudi- Corporate mergers, acquisitions up 21%
Recent analysis by the special investigation unit at Al-Eqtisadiah newspaper reported a significant upswing in corporate mergers and ...

Saudi- KHC net income rises to SR291m
Kingdom Holding Company , chaired by Prince Alwaleed bin Talal, has announced the consolidated financial results for the second quarter ...

Saudi Arabia grants Egypt USD2b aid
As part of a USD12 billion Gulf aid to Egypt, Saudi Arabia has sent USD2 billion, to help the cash-strapped economy, after the removal of Islamist ...

BMW looking for direct sales via Internet, house calls
German luxury carmaker BMW is planning to launch Internet and even house calls by BMW sales personnel for all models to boost future income, Reuters ...

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