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Monday, September 16, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Twitter IPO sparks debate on social media future
Is Twitter's stock offering the end of the social media era, or just the beginning?While Twitter appears to have carved out its niche in the social ...

JPMorgan in $700 mn 'London whale' settlement
JPMorgan Chase will pay at least $700 million in fines as part of a settlement linked to its handling of its "London whale" trading loss, The Wall ...

Summers pullout from Fed race boosts Dow, S&P 500
US stocks mostly gained on Monday helped by news that Larry Summers, perceived as in favor of tighter monetary policy, pulled out of the race to lead ...

Greek economy 'will reach pre-crisis level in 6 years'
The Greek economy is "back on track" but is likely to need another six years to return to pre-crisis levels, Prime Minister Antonis Samaras said ...

Saudi- Recruitment ban for firms failing to audit accounts
Several newly established businesses that have failed to maintain their bank accounts or get their accounts audited are finding it difficult to ...

In small study, healthy lifestyle fights cell ageing
In a small but unprecedented study, scientists on Tuesday said they had proof that a healthy lifestyle helps the body's cells fight ageing.The ...

Saudi- Al-Safi in talks to acquire Azizia Dairy
Al-Safi Dairy, part of Al-Faisaliah Group, is currently conducting talks to acquire Al-Azizia Dairy Farm Co. , director general ...

Makkah house prices up 100%
House prices in Makkah have risen 100 percent as a result of high demand. Residents whose houses were demolished to make way for expansion ...

Saudi- Impure local steel threatens lives
Local factories are producing steel that does not conform to Saudi specifications and standards, laboratory tests have revealed. Contractors ...

Tasnee announces the USD16 m investment with Dyesol
Tasnee, a National Industrialization Company of Saudi Arabia, announced its USD16 million strategic investment in the Australian-based Dyesol, one of the ...

Mozambique seeks to cap boozing
In laidback Mozambique with its endless white sand beaches and bustling markets, alcohol is easily available, but a proposed law seeks to end the ...

FDI into China up 6.37 in first eight months: govt
Foreign direct investment into China rose 6.37 percent year-on-year in the first eight months of 2013, the government said Tuesday, adding it ...

Fare dodging: France's national sport
Dressed for work in his dapper suit and tie, he doesn't look like your average fare dodger.But, as a ticket checker walks past there is an audible ...

Versace's tragic Miami mansion set for auction
The palatial Miami mansion where iconic fashion designer Gianni Versace was murdered goes under the hammer on Tuesday with auctioneers hoping to ...

Binge drinking common among US teens: study
One in ten US teenagers reports engaging in "extreme binge drinking" -- downing 10 or more drinks in a night -- new research out Monday highlighting ...

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