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Wednesday, August 14, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

235 killed in Egypt bloodbath
Egyptian security forces crushed the protest camps of thousands of supporters of deposed Islamist president Mohammed Mursi yesterday, ...

UK jobless stays at 7.8
Britain's unemployment rate remained at 7.8 per cent in the second quarter amid signs that the labour market is improving as the economy ...

Euro zone exits recession with 0.3 growth
The euro zone climbed out of recession at last with surprisingly strong growth of 0.3 percent in the second quarter led by Germany and France, ...

Microsoft delays new Xbox launch for 8 countries
Microsoft said Wednesday it was delaying the launch of its new Xbox One console in eight countries, while moving ahead with a November release in 13 ...

Rio Tinto to lay off 1,700 at Mongolia project
Mining giant Rio Tinto on Thursday said it will lay off up to 1,700 staff at its huge Oyu Tolgoi copper mine in Mongolia after a more than US$5 ...

UAE- Man arrested for circulating child porn
Police have arrested an Indian national after he was allegedly found to be circulating child pornography using an Internet file sharing ...

UAE- Ggico posts Dh900 million revenue in Q2
Gulf General Investment Co, or Ggico, announced in its August 14 board meeting that the company had continued its strong performance in the ...

GCC financial market institute proposed
The General Secretariat of GCC countries is considering a proposal submitted by the United Arab Emirates to establish a training institute ...

Saudi- Doctor, nurse flee as shot kills patient
A Saudi man in his 30s and resident of Bisha died after receiving an intramuscular injection at a private clinic on Wednesday. According to ...

Saudi- There's a reason why you're cranky this week
Feeling a bit cranky? Can't sleep? Or maybe you can't stay awake. Well, you are not alone. Most people suffer from the switch in their ...

Saudi marine transport firms suffer losses due to Egypt unrest
Recent political upheavals in Egypt have caused terrible losses to Saudi investors in the marine transportation sector along the Red Sea. ...

Food inflation at 4-year high in Kingdom
The Central Department of Statistics and Information of Saudi Arabia released Consumer Price Index inflation data for July, ...

Oil production in Libya falls
Oil production in Libya decreased by more than 50 percent of the amount produced before the 2011 unrest that toppled Muammar Gaddafi, Times of Oman ...

Spoon in underwear saving youths from forced marriage
As Britain puts airport staff on alert to spot potential victims of forced marriage, one campaigning group says the trick of putting a spoon in their ...

Lies, damn lies, and China's economic statistics
China has soared almost to the top of the world's economic league tables, but whether the official data underpinning its status can be trusted is a ...

Brazil great Cafu helps slum kids chase their dreams
In a Sao Paulo shantytown, hundreds of children are chasing dreams of football glory thanks to a foundation set up by Cafu, a two-time world champion ...

Facebook boosts connections, not happiness: study
People who use Facebook may feel more connected, but less happy.A study of young adults has concluded that the more people used Facebook, the worse ...

Airlines vow to fight US move to block merger
Lawyers for US Airways and American Airlines voiced confidence Wednesday that they can defeat the US suit to prevent their merger, but allowed that a ...

India inflation accelerates sharply
India's inflation accelerated sharply to close to six per cent in July as a weak rupee pushed up import costs, data showed on Wednesday, ...

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