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Wednesday, August 28, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Sovereign Wealth Fund assets: Saudi Arabia ranks second
Saudi Arabia ranked second globally and first at the Arab level in terms of the assets of sovereign wealth funds , local media said ...

UAE- Nakheel partners with Mashreq
Nakheel has entered into a new arrangement with leading financial institution, Mashreq to provide mortgages for investors purchasing homes ...

Greece eyes fresh aid, but wary of more austerity
Stuck in its debt crisis but confident of progress made after two major bailouts, recession-mired Greece is unsure of what an inevitable third ...

India's rupee slumps to new record low against dollar
India's rupee plunged more than 3.6 percent to a new record low against the dollar on Wednesday as concerns about a US-led military strike in Syria ...

Syrian crisis hits markets
Dubai's stock index on Tuesday nosedived the most in the world, leading a Gulf-wide dip on the ominous prospects of a US-led military ...

44.7 percent rise in Qatar real estate transactions
Witnessing a remarkable recovery, the real estate transactions during the week extended from July 14 to 18 reached to QR1.75bn up ...

Bank of Korea plays down fears over US stimulus taper
South Korea's central bank head said his international counterparts mostly agreed the end of the US Federal Reserve's stimulus would not spark a ...

Taiwan wins Apple iWatch orders: analyst, reports
Two leading Taiwanese electronics firms that assemble products for Apple have received orders to make the highly anticipated "iWatch", an analyst and ...

Profits of 2,027 Listed Chinese Companies Rise 11.41-PER in H1
Net profits of the 2,027 listed companies rose 11.41% year-on-year to US $99 billion in the first half of the ...

China Yuan Strengthens to 6.1667 against USD
The Chinese currency Renminbi, or yuan, strengthened 21 basis points to 6.1667 against the U.S. dollar on Wednesday, according to the ...

Saudi- 65-PER of KSA firms eager to hire new staff in next 3 months
Companies in Saudi Arabia are more eager to hire staff in the next three months than other countries in the Middle East, a recent survey ...

Saudi tourists spent £78m in London in 2012
Initial estimates on foreign tourist purchases in London during this summer season are estimated to be worth �4 billion. Official statistics ...

Syria- We will defend ourselves: Muallem
Syria vowed yesterday to defend itself as the US defence chief said his country's forces are "ready" to launch attacks against the Syrian ...

Cyber attacks hit Twitter, NY Times
Twitter and The New York Times were hit with cyber attacks on Tuesday, with credit quickly claimed by a group backing embattled Syrian ...

Skype marks 10 years of shrinking the world
If David Huang had left his native Taiwan for Sweden a generation ago, he would have taken a giant leap into the unknown.Now, with the help of Skype, ...

Saudi- Father arrested in slayings of wife, kids
A man decapitated his wife and stabbed to death his four children in Sharoura east of Najran Province on Monday, Najran police said. The ...

UAE- Two held for robbing bank clients
Two Afghan men, charged with lying in wait and robbing bank customers who had just withdrawn money from banks, came to the country during ...

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