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Monday, August 26, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE- Bank cleaner fleeing with Dh250,000
A 24-year-old bank cleaner has been arrested in a neighbouring country after he made off with Dh250,000 which he stole from the bank he ...

Saudi- 16 nuclear reactors to be ready by 2030
Saudi Arabia intends to become a leader in renewable energy by building 16 nuclear reactors with a combined capacity of 22GW, which is about ...

Gulf Indians send home $29.7bn in remittances
The volume of money remitted by foreigners working in GCC countries reached SR279.4 billion in 2011, local media said quoting the ...

Saudi- 5-year plan to address rise in women's illiteracy
The government is spending 25 percent of its annual budget on education to empower youth and enhance its economy after the unemployment rate in ...

Indians in KSA demand harsher punishment for rapists at home
Indian expats in the Kingdom have voiced their unanimous opinion that rape incidents can be avoided in India through harsher ...

International schools becoming popular among Saudis
Around SR24.1 billion has been invested in international schools and education in Saudi Arabia. This figure is likely to increase over the ...

Kuwait invests $5.28bn in water projects
Kuwait Financial Centre recently published the executive summary of its report on Kuwait water. In this report, Markaz examines and ...

Sudan earns $236 million from oil fees
Sudan earned more than $230 million in fees for the export of South Sudanese oil this year, official media reported on Sunday, days before a ...

Anger as China 'restores' Dalai Lama's ancestral home
The Chinese town where the Dalai Lama was born is undergoing huge redevelopment, and behind a mountain the exiled spiritual leader's family home has ...

Snakes alive: deadly tenants nesting in Australian suburbs
They are the nightmare tenants who can live undetected alongside Australian families for years: the world's deadliest snakes.Australia is home to ...

US biotech giant Amgen to buy rival Onyx for $10.4 bln
The world's top biotech firm, Amgen, has struck a deal to buy Onyx Pharmaceuticals for $10.4 billion, the two companies announced, joining a trend ...

Same-sex pairs shake up tango championship in Argentina
The sexy, sensual world of tango is experiencing a shake-up, as same-sex couples compete for the first time in the world championships in Argentina, ...

China's Sinopec says H1 net profit up 24
Chinese oil giant Sinopec said Sunday its net profit for the first half of 2013 grew 24 percent, thanks to improved refining margins after Beijing ...

Dollar-gold syndrome hits South Asian currencies
The latest dollar-gold syndrome is hitting hard at least two major countries and their currencies, which are already suffering due to their ...

Economy of Mexico expected to recover by the following year
Economy of Mexico is expected to get better in the following year after the significant amelioration of the US economy, its trade partner, according to ...

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