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Saturday, August 3, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- King lays groundwork for SR81.44bn SABIC projects
The huge developmental projects launched and laid foundation stones by Custodian of the Two Holy Mosques King Abdullah Thursday evening ...

Australia unveils bank deposit levy
Australia said its budget deficit has blown out to Aus$30 billion and revenues are shrinking, as it unveiled a pre-election mini-budget that ...

Kuwait- Total deposits grew by 10.2% to KD 35.6 bln
Loan growth strengthened further by 6.4% y-o-y to KD 27.8 bln in May 2013, higher than the 5.8% y-o-y registered in April 2013. At 6.4%, ...

Toyota's GCC sales increase 10% in H1
Japanese automaker giant Toyota Motor Corp. reported 10 percent increase in sales in the Gulf region during the first six months of 2013, Arabian Business ...

Russia faces US ire over Snowden asylum issue
Russia on Friday faced the wrath of the United States after granting asylum to fugitive intelligence leaker Edward Snowden, who was settling ...

BMW reports USD1.9b profit in Q2
German luxury car maker BMW reported a 9 percent increase in quarterly earnings, defying a weak European market, AFP reported. The company said it made ...

Honda posts USD1.25b profit in Q1
Japanese automaker Honda Motor Co. reported a 7 percent decline in quarterly earnings on financial expenses and other spending, AP reported. The company ...

Tourism in Rwanda: genocide memorials as well as gorillas
Rwanda, which has staged a remarkable recovery in the years since the 1994 genocide, has opened visitors' eyes to its past by putting its genocide ...

Rhode Island, Minnesota join same-sex wedding states
Gay and lesbian couples in Rhode Island and Minnesota began tying the knot as same-sex marriage laws in the two states went into effect.Minnesota ...

Uruguay approves state-grown marijuana bill
Uruguay moved closer to becoming the world's first nation to produce and distribute marijuana, after its lower house approved a bill putting control ...

One in three young Americans living at home: study
More than a third of young American adults live with his or her parents, a 40-year high, a study released Thursday by the Pew Research Institute ...

Dark tourism brings light to disaster zones
Before the huge tsunami virtually wiped it off the map in 2011, Rikuzentakata's pristine beach and luxuriant pine forests were a well-worn stop on ...

Bahrain's Investcorp set to acquire Tyrrells for USD152m
Bahraini alternative investment manager Investcorp is set to buy UK snacks firm Tyrrells Potato Crisps from Langholm Capital in a USD152 million deal, ...

Dubai's Deyaar reports USD7.4m profit in Q2
Dubai-based developer Deyaar reported a 31 percent increase in quarterly earnings on higher sales, Arabian Business reported. The company said it made ...

Saudi- Number of inland pilgrims to be reduced by 50%
The number of inland pilgrims hailing from different parts of the Kingdom is set to reduced by 50 percent this year to ensure the safety of ...

Saudi Kingdom needs farm insurance, say experts
Experts have asked to introduce insurance for agricultural projects to avoid losses. Agricultural project insurance is virtually absent in ...

Saudi Family handed Asian woman's body instead of daughter's
A family grieving over the death of a girl member had to go through the additional ordeal of being told that the body they had taken from the ...

Feeling a bit violent? Maybe it's hot outside
If the heat makes you cranky, take heart: you're not alone, according to a study in the US journal Science that links rising tempers to hot ...

Beijing cop goes off the leash to rescue dogs
Fluffy or short-haired, gentle or fierce, Beijing's dogs are being targeted by cage-wielding police, but one officer is secretly trying to ensure the ...

High-rise tragedy reawakens NY's nighttime fears
It is every New Yorker's nightmare.A 35-year-old woman fell to her death in the early hours of Thursday after the balcony railing of a 17th-floor ...

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