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Sunday, August 18, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Mergers and acquisitions value double in Mena region
Mergers and acquisitions in the Middle East & North Africa region more than doubled in value in the first six months of this year, Times of Oman ...

Toyota stays ahead with record first-half revenues
TOYOTA has announced a steady growth in sales performance in the Gulf region, selling 310,761 units in the first half of 2013, a 10 percent ...

Saudi area phone codes now in effect
The Communication and Information Technology Commission said it implemented the second phase of changing area codes on Sunday. The ...

Yahoo! Maktoob, Souqalmal.com in partnership
Yahoo! Maktoob recently announced a new partnership with Souqalmal.com, one of the Mena region's leading independent financial comparison ...

Saudi- High energy consumption alarming
Naif Al-Abadi, director general of the Saudi Energy Efficiency Center , has warned against the alarmingly high rate of energy consumption ...

Clash of the mini-titans at China's school of rock
With neat ponytails and immaculate grades, the four eight-year-olds who bounded on stage would make any Chinese parent proud -- but wielding electric ...

CBI raises growth forecasts
Business lobby group, the Confederation of British Industry , has raised its forecast for economic growth this year from 1.0 percent to 1.2 ...

Aluminium giant Rusal posts 1H net loss of $439 mln
Rusal, the world's largest aluminium producer, on Monday reported a net loss of $439 million for the first half of 2013, citing falling prices, an ...

India's rupee hits new low, stocks tumble further
India's rupee hit a new low and shares slipped another 1.3 percent on Monday on growing fears about the country's slowing economy and the ...

Same-sex couples tie knot in New Zealand
Vows were exchanged in venues ranging from an airliner cruising at 30,000 feet to a historic bath house as gay men and women took ...

Saudi- 51 listed firms suffer SR12.9bn in losses
The total cumulative losses of 51 companies listed in the Saudi Stock Exchange exceeded SR12.9 billion at the end of the second ...

Petchems, banks boost KSA stocks to 59-month high
The rally in the Saudi stock exchange is partly driven by the market's recent break above 8,000 points, say analysts. "Market has broken the ...

Saudi- SR550m deal to develop third industrial city in Dammam
Commerce and Industry Minister Tawfiq Al-Rabiah signed a SR550 million agreement on Sunday for the development of the third industrial city in ...

China aims to suspend free trade laws
China seeks to curb laws that govern foreign investment in free trade zones so as to open up for foreign competition, Times of Oman reported. A ...

Home sales rise in US
Sales of homes in the US rose to its highest level last month since 2009 due to the increasing demand for residential estates, Time of Oman ...

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