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Thursday, September 12, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Abu Dhabi may invest $5b in Russia
Abu Dhabi plans to invest $5 billion in Russian infrastructure under an accord expected to be signed during talks between General Shaikh ...

Saudi- tops GCC chart with 6% salary increase for 2014
Companies across Saudi Arabia are predicting an average salary increase of 6 percent in 2014, a slight increase on last year's forecast of 5.8 ...

China's Fiscal Revenue Rises 9.2% in August
�China's fiscal revenue climbed 9.2% year on year in August to 858.8 billion Yuan about . The Chinese ...

Japan to hike sales tax, launch $50 bn stimulus: reports
Japan's prime minister has decided to hike the nation's sales tax next year, but will soften the blow with a $50-billion stimulus package aimed at ...

S. Korea's Jobless Rate Falls to 3% in August
South Korea's jobless rate inched down in August from a month earlier and job creation also accelerated, raising hopes that labor ...

China's Aug. Retail Sales Up 13.4%
Retail sales in China rose 13.4% in August from a year earlier, slightly accelerating from the 13.2% increase in July, data from the ...

UAE commercial banks see 20% profit jump in '13
Commercial banks in the UAE are expected to book about 20 per cent growth in net profit in 2013, chairman of the UAE Banks Federation Abdul ...

QR 32.9 Billion Trade Balance Surplus of Qatar During July
Trade balance the State of Qatar during last July recorded a surplus of QR 32.9 billion, a decline estimated at 2.6 percent from the ...

Dubai's Trade with GCC Nations Up 17% in H1
Dubai's volume of trade with the GCC countries in the first half of 2013 has grown 17% to 58 Billion dirhams from 50 Billion dirhams ...

Unified prices for gastro drugs in GCC
Drug prices of innovative medicines for gastroenterology will be unified across the Gulf countries based on the lowest price in the region, ...

UAE lures global retailers despite rising rents: CBRE

The UAE remains a competitive destination for international retailers notwithstanding rising rents that now average annually at $114 per sq ...

New housing projects to drive Saudi realty growth
Kuwait Financial Centre recently published the executive summary of its report on GCC residential real estate. The report examines the ...

Yahoo CEO fears defying NSA could mean prison
Yahoo chief Marissa Mayer said she feared winding up in prison for treason if she refused to comply with US spy demands for data.Her comments came ...

Egyptian President Forms the Supreme Electoral Committee
Egyptian Interim president Adly Mansour issued on Wednesday a decree No. 586 for the year 2013 forming the Supreme Electoral Committee, ...

Britain launches Royal Mail privatisation
Britain's government on Thursday officially launched plans to privatise more than half of Royal Mail, saying an initial sale of shares in the ...

Internet radio titan Pandora gets new chief
Internet radio titan Pandora appointed a digital advertising star as its chief executive in the increasingly competitive online music business.Brian ...

China fire rattles world chip supply chain
A fire at a giant Chinese factory making almost one sixth of the world's supply of a key high-tech component shows how vulnerable global ...

Kuwait- Murder not ruled out as corpse identified that of Somali maid
The security authorities have identified the human remains which were found in Khuwaisat, near Jahra, as that of a Somali maid, reports ...

UAE- Man accused of groping woman
A man who fondled and groped a woman while she was swimming at Jumeirah beach, has been referred by the Dubai Public prosecution to the ...

Saudi- SR13m goat joke causes tribesman embarrassment
A Saudi citizen caught in a practical joke on social media websites has appealed to members of the press to clarify the incident. Dawi ...

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