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Tuesday, August 13, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Facebook's Sandberg sells $91m in shares
Facebook Inc chief operating officer Sheryl Sandberg sold about $91 million worth of shares in the social network after the stock topped ...

US won't prosecute ex-JPMorgan trader Iksil: source
The ex-JPMorgan Chase trader nicknamed "the London Whale" for his huge derivatives losses has reached a deal to avoid US prosecution, a source ...

BP sues US over contract ban after 2010 Gulf spill
Oil firm BP has filed suit against the US government for banning it from federal contracts after the 2010 Deepwater Horizon disaster in the Gulf of ...

France edges out of recession with 0.5 2Q growth
France's economy has edged out of recession, posting 0.5 percent quarter-on-quarter growth in April through June, after having contracted for the ...

Russian law sends gay families running and hiding
Maria and Alexandra vaguely considered leaving Russia for several years, but it was not until this year's anti-gay legislation that they started to ...

Qatari debt market maintains steady growth; $4.7bn new debt issued
The issuance of debt securities picked up in Qatar during the past six months to reach $4.7bn. Of the total $30.1bn worth of debt ...

UAE- Phoney 'woman' matchmaker caught
A man who allegedly posed as a woman matchmaker and swindled people offering her services through smart phones has finally fallen in the ...

Barclays mulls selling UAE retail banking operations
Barclays may sell its retail banking operations in the UAE as the bank is conducting a strategic review for the same, Reuters revealed on ...

Kia recalls 5,469 vehicles in KSA
The Commerce and Industry Ministry on Tuesday announced the recall of 5,469 Kia cars in the Kingdom manufactured between 2007 and 2011 because ...

GCC inflation stable at 3 percent
The Gulf Cooperation Council is projected to have its inflation stable at three percent, Times of Oman reported. This stability is due to a high ...

Children of overweight women die younger: study
Children born from obese women were 35 percent more likely to die prematurely in adulthood, according to a study Wednesday that warned of a growing ...

Group suicide attempt in China
A group of at least 10 people attempted suicide together in Beijing by drinking pesticide, local media reported Wednesday. Some of the ...

Indian submarine explodes with 18 on board
A recently refurbished Indian submarine exploded and sank early Wednesday in a dock in Mumbai, leaving rescuers scrambling to find 18 ...

Brazil sues Samsung over poor working conditions
Brazil has filed a lawsuit against Samsung alleging poor working conditions at a factory in the Amazon and is demanding more than $100 ...

Human heart tissue grown in petri dish
Scientists said on Tuesday they had used stem cells to grow human heart tissue that contracted spontaneously in a petri dish - marking ...

German investor morale up
Investment sentiment in Germany, Europe's biggest economy, rose in August, buoyed by signs that the eurozone's recession may be coming to ...

India hikes gold duties again to plug trade gap
India, the world's biggest buyer of gold, has raised duties on bullion imports for the third time since January as it seeks to narrow the trade ...

Norway bars Apple from taking Oslo aerial photos
Norway's intelligence agency has blocked US company Apple from flying over Oslo to take 3D aerial photos for its map application, citing ...

China set to become world's biggest net oil importer
China is set to overtake the US as the world's largest net oil importer from October, according to US figures, due to a combination of rising ...

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