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Sunday, September 1, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Iraq oil exports 'rebound in August'
Iraq's oil exports rebounded in August from a 16-month low, as increased sales and rising prices lifted revenues to their highest level this year, a ...

Economic worry shifts to emerging markets at Russian G20
Long hailed as the hungry new tigers of the global economy, the world's biggest emerging markets will be the chief economic focus at the G20 summit ...

Greek privatisation fund 'will not change hands'
Greece's state-run privatisation fund will remain in the country's hands, Prime Minister Antonis Samaras said Sunday, following media reports of a ...

Saudi- Outflow of remittances from KSA grows by 14.9%
Remittance outflows from the Kingdom have risen to a record high so far this year on the back of strengthening dollar and domestic labor market ...

Dubai Financial Market General Index down 2.5% in August
The Dubai Financial Market General Index is down by 2.5 percent to 2,523.1 points at the end of August compared to 2,588.5 points at the ...

Google acquires WIMM in challenge to rivals
Google, which develops the Android software used on mobile devices, has purchased smartwatch designer WIMM Labs, stepping up efforts ...

Japan influence grips Indonesia as companies flood in
In front of a crowd of thousands, two sumo wrestlers charged at each other with full force, their bodies colliding with a tremendous smack that ...

China's Manufacturing Sees Hefty Rebound in August
�China's manufacturing sector saw a strong recovery in August, offering further signs that the world's second-largest economy is moving ...

UAE Hotels Witness Revenue Growth
The UAE capital's hotels are witnessing a double- digit revenue growth in occupancy rates According to the figures just released by the ...

Public spending drives Qatari banks' loan book growth
Heavy public spending has boosted Qatari banks' loan book growth to the highest in the GCC. Banks in Qatar registered the highest growth of ...

Star economist takes over India's central bank amid crisis
India's new central bank chief Raghuram Rajan takes over the helm this week as the nation grapples with its worst financial crisis in decades, ...

Protests in Romania against shale gas, Canadian gold mine
Thousands of people took to the streets of Romania on Sunday to protest against shale gas exploration and a controversial Canadian gold mine project ...

Greece Rejects New Oversight for Privatization Fund
Greece's government has ruled out handing over the supervision of its privatization scheme to outside authority. This follows reports ...

S. Korea's Exports Grow 7.7% in August
South Korea's trade surplus widened from a year earlier last month as the growth of its exports significantly outpaced that of its ...

Red Sea Housing's subsidiary signs deal with Australia
Red Sea Housing Services Company announced that its Australian subsidiary, Red Sea Housing Services Company Pty Ltd., signed a contract with ...

Boeing boosts pilot-hiring forecast 8.3%
Boeing Co, the world's largest aerospace manufacturer, predicts global airlines will need to hire 498,000 new pilots to keep pace with ...

Emirates Steel dispatches First Shipment of Structural Steel to United States
The first ever 'Made in UAE' shipment of structural steel landed in the American and Mexican ports of Huston and Altamira, recently. The ...

iPhone starts trade-in programme
Apple began letting US iPhone owners trade in their smartphones for credit towards buying new models. The California company's trade-in ...

Start-ups fill void left by Spanish unemployment
The rush starts at about 8pm at La Infinito. That's when Antonio Rojas Fernandez and Paloma Perez Rodriguez's Madrid cafe usually fills up, ...

Arab Ministers Blame Syrian Regime for Use of Chemical Weapons
Arab Foreign Ministers condemned Sunday the use of chemical weapons in Syria and described it as flagrant challenge and disregard of ...

UAE- High drama at headquarters of Dubai Public Prosecution
In a day of high drama which dragged late into the night on Sunday, Dubai Police continued to negotiate with an Uzbek woman who entered the ...

Go makeup free once a week to delay ageing
Most women can't imagine stepping out of the house without makeup, but avoiding it one day a week, can help in delaying the ageing process, ...

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