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Saturday, August 17, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Egypt unrest, US stimulus weigh
Oil prices rose last week as violence i n Egypt fuelled tight supply fears, while a drop in the dollar on increased expectations of ...

QNB: European banking crisis exposes critical gaps
A European banking union could go a long way in fixing Europe's financial architecture, according to QNB Group. The recent banking and ...

Saudi bank deposits reach record SR1.36 trillion in Q1
Saudi bank deposits posted a new record of SR1.36 trillion by the end of first quarter of 2013. The expansion in credit portfolios was ...

JPMorgan in bribery probe over China hiring: report
JP Morgan Chase is being investigated by US authorities over claims the bank hired the children of influential Chinese officials to secure business ...

Egyptian expats living 'nightmare'
For Shereen Farooq, an Egyptian national who lives in Dubai, the last week has been a living nightmare. Farooq has stayed glued to the ...

UAE- Lure of social media monster
Internet and social media use by Arab youth continues to grow at an exponential rate. So how - if at all - is this affecting their society ...

UAE- Fewer family disputes in Ramadan
The Reconciliation Committee of the Ras Al Khaimah Courts has presided over about 500 family disputes in the first seven months of the ...

Saudi- Man gets rid of 80 kg flab
A 27-year old Saudi man suffering from extreme obesity with a weight of 250 kilograms underwent a surgical operation at King Fahd Medical City ...

Most Saudis fail to grab job opportunities in Makkah
Projects that have been implemented to develop the holy city provide a lot of jobs in tourism, transportation and others sectors. However, most ...

Compact but spacious: Renault Duster exceeds expectations
RENAULT Saudi Arabia, the No. 1 selling European brand in the Kingdom, launched an amazing new "shockingly affordable campaign" for its 2014 ...

US artist turns $1,000 dumpster into tiny home
There's nothing trashy about Gregory Kloehn's Brooklyn pied-a-terre: a live-in dumpster that sleeps two with ease, hosts impromptu barbecue parties ...

Al-Jazeera set to tackle US market
With a cast of TV news stars, deep pockets and an ambitious agenda, Al-Jazeera launches its US news channel on Tuesday, aiming to shake up the ...

German energy giants pull plug on conventional power
German power company RWE is shutting six domestic plants and rival E.ON is threatening to relocate to Turkey as the sector tots up the cost of the ...

Roche drops India patent for breast-cancer drug
Swiss pharmaceutical giant Roche says it is abandoning a patent for top-selling breast cancer drug Herceptin in the Indian market, paving the way for ...

Chevron is enemy of Ecuador: Correa
Ecuador's firebrand leftist President Rafael Correa lambasted US oil giant Chevron as an enemy for allegedly besmirching his country as part of a ...

China set to ease FTZ laws
China plans to suspend some laws governing foreign investment in proposed new free trade zones including Shanghai as part of Premier Li ...

Cadillac records its best sales rate since 2008
Bahrain: Sales of Cadillac, General Motors' luxury brand, boosted 29 percent in the Middle East in July, according to Gulf Daily News. Cadillac ...

US energy companies 'eyeing Brazil shale gas'
US energy companies want to use their experience to help Brazil tap into its vast shale gas reserves, US Energy Secretary Ernest Moniz said on a ...

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