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Wednesday, September 18, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

$1 trillion projects: KSA woos American investors
Saudi Arabia is offering $1 trillion worth of investment opportunities in vital sectors such as oil and gas, petrochemicals, transport, ...

Japan Marks 14th Months of Trade Deficit
�Japan's trade balance for August was in deficit for the 14th straight month as fuel importers paid more on the weaker yen. Japan's ...

Foreign Direct Investment Flows into China at $8.38 Billion in August
China attracted USD 8.38 billion through Foreign Direct Investment in August, up 0.62 percent year-on-year but lower than July ...

UAE developers launch $4.5b Baghdad project
The UAE developers have announced Dh16.6 billion investment plan to build a 'City of the Future' in the Iraqi capital ...

Saudi- $718 billion KSA spending boom
Total volume of government spending in Saudi Arabia amounted to $718 billion during the last five years while investments during the same ...

Qatar Airways to Take Delivery of First A380 in Spring 2014
Qatar Airways is set to take delivery of the first A380 aircraft in spring 2014 after it was ferried from Toulouse to Hamburg during a ...

158 Contracts Signed at Ningxia Trade Fair between China and Arab
A total of 158 contracts worth about 260 billion yuan were signed at the first China-Arab States Expo in ...

Brent crude steadies above $108
�Brent crude steadied above $108 a barrel on Wednesday as world powers held talks to eliminate Syria's chemical weapons - easing concerns ...

Moody's cuts Bahrain govt rating to Baa2
Moody's Investors Service on Wednesday cut Bahrain's government rating by one notch to Baa2 and warned further cuts could be coming, citing ...

UAE- DIB repays Tamweel's Dh4b liabilities ahead of maturity
Dubai Islamic Bank has settled all bilateral liabilities of Tamweel amounting to around Dh4 billion, two years ahead of scheduled ...

US offers to participate in Saudi projects worth $500 billion
American firms are contributing to the $200 billion infrastructure projects that the Saudi government has committed over the past two years, ...

south korea exports increase in september
South Korea's exports are likely to gain ground in September on steady overseas demand for IT products, autos and ships, data showed ...

More Greek Strikes Against Austerity
Thousands of civil servants were to demonstrate in Athens against staff cuts on Wednesday. On Monday, at least 17,000 teachers and ...

India forces companies to start charitable giving
India's government still struggles to provide reliable basic services to a majority of its citizens, trapping hundreds of millions of them in ...

Air France Increases Number of Job Cuts to 2,800
Air France said Wednesday it was aiming to cut around 2,800 jobs next year through voluntary departures as part of a wide-ranging ...

'Arab Spring' states push for more private investments
"Today's event is an opportunity for the Arab countries in transition to make their case to the investment community and to demonstrate that ...

Stalin statues signals political divide in Georgia
Recently re-erected then vandalised within hours, a communist-era statue of Joseph Stalin stands sprayed with bright orange paint on a hilltop ...

Gamers gather for look at new PlayStation, Xbox
Gamers were gathering Thursday for the start of the Tokyo Game Show, an annual extravaganza that this year will give punters their first real taste ...

Credit card gang busted in Dubai
The Dubai Police have arrested a gang which specialised in forgery and fraud on the Internet including forging of credit cards, confirmed ...

UAE- 'First women-only' laundry opens
Women sometimes find it difficult to deal with men when it comes to personal matters, and they often find privacy an issue here. Even ...

UAE- Pharmacy assistant accused of selling drugs illegally
A pharmacy assistant has been charged by the Court of First Instance with possession of 1,200 tramdadol capsules for trafficking. The ...

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