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Sunday, August 4, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

GCC glass industry set for unprecedented growth
The GCC glass industry is witnessing a period of unprecedented growth driven by a significant acceleration in new construction and ...

Saudi- Alkawther, MODON sign SR35m contract
Alkawther Industries Co. signed a contract with the Saudi Industrial Property Authority For the design and implementation of a ...

Kuwait stocks end in red zone last week
�Kuwait Stock Exchange ended last week in the red zone. The price index closed at 8,087.82 points, down by 0.09% from the week before ...

Kuwait- Credit growth hits 6.4%, fastest pace since 2009
�Bank credit remained strong in May. Credit gains were led by the non-financial business sectors, which maintained a streak of healthy monthly ...

UAE financing conditions lift business sentiment
Businesses in the UAE are reinvesting earnings and showing increased dynamism in the second quarter of 2013 despite tighter demand and ...

Mass protest in Taiwan over young conscript's death
Tens of thousands of Taiwanese took to the streets Saturday in protest over the death of a young conscript who died from alleged ...

HSBC and Zurich with new plan for ME clients
As part of a 10-year exclusive partnership agreement, HSBC and Zurich have announced a new wealth product offering available only to HSBC ...

China among UAE's top trade partners
China is an exciting development experience of many countries of the world, and has been able to boil down decades to turn into the ...

EC okays Chinese solar-panel trade pact
The European Commission approved trade chief Karel De Gucht's plan for curbs on Chinese solar panels, allowing import tariffs to be ...

US equities a long-term outlook positive, says Alkhabeer Capital
The global economy is likely to continue its weak trajectory, driven by the prolonged recession in the euro zone. This is stated in a ...

Russia's July oil output declines to 10.43m bpd
Official data showed that Russia's crude oil output declined by 1 percent in July from the prior month, hit by lower production at Gazprom and a drop in ...

Europe's gas imports from Russia up 29% in July
Russian oil and gas giant Gazprom reported a 29 percent increase in natural gas exports to Europe, its main source of income, in July, Reuters ...

Turkish carrier builds on Saudi market strength
Turkish Airlines, the national carrier of Turkey, is further strengthening its position in Saudi Arabia - one of its fastest growing markets. ...

Google's Motorola unveils Android smartphone
Motorola has introduced a keenly-anticipated Moto X smartphone in a move aimed at reviving the withered mobile device maker bought by Google ...

Egypt's ElBaradei calls for talks with Brotherhood
Egypt's interim vice president Mohamed ElBaradei has called for a halt to violence followed by talks with the Muslim Brotherhood and other ...

Lebanese-Swedish brothers choose jihad death in Syria
Two religious Lebanese-Swedish brothers who left their Scandinavian home for Lebanon, have died fighting alongside Syrian rebels, their cousin ...

Spain win water polo gold
�Spain beat Australia 8-6 Friday to become the first host country to be crowned world champion in women's water polo. Spain, which won the ...

Football stars, ministers fete Amsterdam's Gay Pride
Tens of thousands of pink-clad partygoers feted Gay Pride along Amsterdam's canals on Saturday, with professional footballers and ministers joining ...

Swazi chief bans miniskirts and trousers for women
A Swaziland chief banned women from wearing miniskirts and trousers at a two-day nomination process that got under way Saturday to select candidates ...

Debunking the French myth, one chapter at a time
You think French women don't get fat, their kids never throw food, couples have lots of good sex and families eat gourmet dinners every night? Think ...

UAE- Six rescued from burning building
Six construction workers were rescued when the under-construction building they were working on caught fire, stranding hundreds of ...

UAE- Woman jailed for prostitution
A 27-year-old unemployed woman has been sentenced to three months in jail for working as a prostitute. The Ethiopian had earlier denied ...

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