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Monday, August 5, 2013

MENAFN Summary- Daily Business News

MENAFN Summary - Daily Business News
   
Middle East North Africa - Financial Network
 

Saudi- Land worth SR3bn to be acquired for Riyadh Metro
Saudi Arabia will spend about SR3 billion on land acquisition to build one of the world's largest metro systems in Riyadh, said ...

US overturns Apple ban in blow to Samsung
The White House stepped into a patent war between Apple and Samsung on Saturday by overturning a decision that banned the sale of certain ...

US services growth picks up
Growth in US service industries probably picked up in July, indicating the biggest part of the economy is benefiting from gains in hiring ...

UAE- Dana posts Dh341m profit, revenues more than Dh1b
Dana Gas on Sunday declared a net profit of Dh341 million and revenues more than Dh1 billion for the first six months of 2013. The ...

Mena records high rate in loan demands: IFF survey
Overall bank lending conditions in MENA improved for the second quarter in a row with the index reaching 52.7, the highest level since its ...

HSBC closing accounts of diplomats in Britain
Global banking giant HSBC is closing the accounts of foreign diplomats in Britain and giving them 60 days to move their money, a report ...

Egypt stocks hit five-month high

Egypt stocks headed for the highest close in five months on bets the central bank's first interest rates cut in four years will help boost ...

Saudi- SR55 million Jazan deal for Al-Khodari
Abdullah A. M. Al-Khodari Sons Company has announced receipt of a letter from the Ministry of Municipal & Rural Affairs ...

Australia sees 4.1 increase in new-car sales in July
Sales of new vehicles in Australia saw an increase by 4.1 percent in July from a year earlier, but still down from a record peak in June when demand is ...

IBT Media to acquire Newsweek
The once-influential US publication Newsweek is being sold to the all-digital news publisher IBT Media, the company said in a statement ...

Detroit workers fear effects of city's bankruptcy
Thousands of pensioners already struggling to get by are afraid they will be pushed into poverty if the city of Detroit is able to slash ...

Dubai Design, Fashion Council established
In his capacity as the Ruler of Dubai, His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, ...

Wall Street Journal's Chinese version blocked in China
Access to the Wall Street Journal's Chinese-language edition has been cut off in China, where official censors routinely delete online content ...

US shuts down Mideast missions amid alleged Al-Qaeda threat
In an unprecedented move, the United States closed down 25 embassies and consulates worldwide Sunday over terror threats from Al-Qaeda. The ...

King Abdullah holds talks with Yemeni president
Custodian of the Two Holy Mosques King Abdullah yesterday held talks with Yemeni President Abd Rabbuh Mansur Hadi at his palace in Jeddah. The ...

UAE- Midsummer rain a pleasant surprise

Residents of the UAE woke up in surprise to wet streets on Sunday morning, with 'abnormal' rain and heavy clouds covering the country, ...

Japanese rocket takes supplies, robot to space station

Japan launched a cargo-carrying rocket Sunday loaded with supplies for the crew of the International Space Station, along with a small ...

Japan's fake food is real deal for tourists
Alberto Pellegrini doesn't speak or read Japanese, a deficit that threatened to leave the Italian tourist starving in a nation famous for its ...

UAE- Father-son duo jailed 
for Dh100m investment scam
The Abu Dhabi Court of Appeal has convicted a man and his son of swindling more than Dh100 million from nearly 400 people through a bogus ...

Djokovic bids for third straight Canadian title
Novak Djokovic returns to tennis for the first time since Wimbledon as the Serb begins his bid for a third straight title when the Montreal ...

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