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Tuesday, July 9, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Japan mob publishes magazine for gangsters: reports
Japan's biggest yakuza organised crime group has published a magazine for its members that includes a poetry page and senior gangsters' fishing ...

Saudi- NCB's net income rises to SR 4.32 bn
The National Commercial Bank announced that net income for the first half of 2013 reached SR 4.32 billion compared to SR 3.56 billion for ...

Saudi sukuk market gains momentum in 2nd quarter
Depressed initial public offering activity in the Gulf Cooperation Council continued into the second quarter of 2013 with ...

Tax threat: Saudis with US citizenship fear losses
Saudi nationals with US citizenship are set to pay a 30 percent tax on bank deposits over $ 50,000 starting in 2014, it has been ...

Kuwait- Businessman shot by gang over scrap metal sale deal
The Farwaniya police are exerting tremendous efforts to track down members of an armed gang, who, in a vain attempt to rob an Egyptian ...

Rupee rebounds as regulators curb speculative trading
The Indian rupee rallied yesterday from a record low in the previous session after regulators restricted speculative trading in currency ...

Saudi- Divorced Arab woman seeks urgent iqama transfer
An Arab woman with two children from her former Saudi husband is in a quandary because her former spouse refused to renew her residence permit ...

Saudi- Maaden awards SR 3.69 bn deal to build ammonia plant
The Saudi Arabian Mining Company announced that it has awarded a contract to build an ammonia plant valued at SR 3.09 billion <$ 825 ...

Saudi nonoil exports rise 5.9% in May
The total value of Saudi nonoil commodity exports in May reached SR 16.02 billion, or an increase of 5.9 percent compared to the figures of the ...

Saudi Maaden grants USD825m contract for ammonia plant
The Saudi Arabian Mining Company has granted a USD825 million contract to to Daelim Industrial Co. Ltd. & Daelim Saudi Arabia Co. Ltd.to build an ...

Saudi Arabia pledges USD5b to Egypt
Saudi Arabia has promised USD5 billion in grants and loans to Egypt's interim government, the second Gulf aid promise after the ouster of President ...

IMF cuts global growth to 3.1%
The International Monetary Fund yesterday cut its global economic growth forecast, citing new downside risks in key emerging-market economies ...

Venezuela CPI decelerates to 4.7% in June
Official data showed that Venezuela's consumer prices decelerated to 4.7 percent in June month-on-month from 6.1 percent in May, Reuters ...

Fitch sets Latvia credit rating to '+BBB', 'stable outlook'
Fitch Ratings has upgraded Latvia credit rating into investment-grade status, citing an invitation to adopt the euro zone single currency next year, ...

Noise and the city - Hong Kong's struggle for quiet
With its pounding construction sites and constant roar of traffic, Hong Kong is a cacophony of noise with experts and residents calling on ...

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