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Saturday, August 24, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- BoS signs $200 million club term loan facility
Bank of Sharjah, or BoS, has signed a $200 million club term loan facility with a group of local and international mandated lead arrangers ...

Libyan export disruptions, US data send oil prices soaring
�Oil prices rose nearly $1 on Friday following news of a major unit shutdown at an East Coast Canadian refinery. Brent and US crude found early ...

Germany s Second-Quarter Growth
Germany's economic growth in the second quarter was driven by consumption and a rebound in investment as a recovery in the 17-nation ...

Tunisia's SONEDE Gets 60 million euro Loan from Germany
A loan agreement worth 60 million Euros , was signed by Tunisia's National Water Development and Distribution Corporation ...

Emirates NBD sees fee boost from $12 billion debt deals

Emirates NBD, the UAE's biggest bank by assets, expects to raise more than $12 billion for clients in the remainder of the year, boosting ...

Canada s Inflation Rate Edges Up to 1.3 in July
Canada annual inflation rate rose by one-tenth of a point to 1.3 % in July, almost all due to an increase in the price of gasoline, but ...

UK Economy Growth in 2nd Q '13 up by 0.7
The UK economy is recovering faster than thought after official figures showed Friday surging exports helped drive growth 0.7 % higher ...

Saudi- Prince Alwaleed holds investment talks in Greece
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company , held talks with Antonis Samaras, prime minister of Greece, in Athens ...

Hon Hai sells 'wearable computing' patent to Google
Taiwan's Hon Hai group has sold part of its patent portfolio involving wearable computing to US technology giant Google, it said Saturday.The ...

UAE paper imports hit Dh4.6 billion
According to industry figures published by UN Comtrade, the UAE imported approximately Dh4.6 billion worth of paper products in 2011, ...

Kuwait Crude Oil Exports to S. Korea Exceed Half Million bpd
The state-run Korea National Oil Corporation has said that Kuwait's crude oil exports to South Korea jumped 27.7 % in July from ...

Al Khaliji H1 profit up 11
Al Khaliji , the next generation bank in Qatar, achieved net profit of QR290.5 million for the first half of 2013, 11 per cent higher ...

New chairman for Egypt state oil company
Egypt has appointed Tarek El Molla as chairman of state-run Egyptian General Petroleum Corp, or EGPC, the oil ministry said, a move that is ...

Volvo to Build Two New Plants in China
The Chinese goverment approved that Volvo Cars to assembley plans in the country, the automaker said Friday. The first assembly plant ...

PetroChina Net Profit up 5.6 in First Half
Net profit of PetroChina Company Limited rose 5.6 percent in the first half of 2013 from a year earlier, the company said. Net profit ...

Samsung launches the Galaxy Tab 3 Series
Samsung Electronics, a global leader in digital media and digital convergence technologies, announced the introduction of the Galaxy Tab 3 ...

Deadly Delhi gang-rape inspires award-winning play
Award-winning playwright Yael Farber, whose new work focuses on the fatal gang-rape of an Indian student last December, was inspired by the protests ...

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