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Saturday, September 21, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi- SR11bn for road projects this year
The Ministry of Transport, in a major exercise to improve infrastructure in Saudi Arabia, has taken up 223 road projects involving laying of ...

UAE seen to rise in asset wealth rankings
The UAE is expected to be the highest climber over the coming decade as its built asset wealth is expected to grow by two per cent, moving ...

S. Korea's Debt-to-GDP Ratio Hits Record High in Q2
The ratio of South Korea's total debt to its economic output rose to a record high in the second quarter of this year as debt grew at a ...

BlackBerry to cut 4,500 jobs
BlackBerry Limited is eliminating a third of its staff and scaling back operations after quarterly sales missed analysts' estimates by ...

China Sells 10 Bullet Trains to Malaysia
China's CSR Zhuzhou Electric Locomotive has sold 10 inter-city bullet trains to Malaysia, China's news Agency reported. ...

Greece heads for new EU-IMF audit, hopes reforms will earn loans
A new EU-IMF audit of Greek fiscal performance and reforms begins Sunday, with the debt-laden country hoping progress in reining in spending will ...

Dubai Rental Disputes Settlement Centre set up
In his capacity as the Ruler of Dubai, His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, ...

Saudi- Market cap at SR1.59 trillion
Saudi stock market continued its positive drive for the second consecutive week, witnessing the long-term upward trend last week. The ...

EU, Singapore Take Step Towards Free Trade Deal
The European Union and Singapore were set to bolster their economic relationship on Friday, by initialling the bloc's first trade ...

Sibos seen to pitch in Dh65m to UAE
Dubai once again reaffirmed its position as one of the world's leading financial centres after hosting a successful international banking ...

Saudi- Private sector investments in sea ports reach SR5.5bn
The volume of private sector investment in Saudi sea ports reached SR5.5 billion, while revenues exceeded SR3 billion annually, according to ...

Saudi- Study on transportation cities nears completion
Abdul Rahman Al-Utaishan, member of the national committee for transportation, expects the accomplishment of a study for establishing ...

Kerry, Lavrov, Ban to Hold Tripartite Meeting on Syria in New York
A tripartite meeting on Syria between Russian Foreign Minister Sergei Lavrov, US Secretary of State John Kerry and UN Secretary General ...

Former Chinese Official Sentenced to Life
Bo Xilai, Former Secretary of the Chongqing Municipal Committee of the Communist Party of China and a former member of the CPC ...

Ecclestone says Formula One Singapore IPO still on
Formula One boss Bernie Ecclestone has insisted plans for a multi-billion dollar initial public offering in Singapore are still very much on ...

Milan fashion stars pay homage to film classics
A film reel whirrs, the soundtrack starts, then action! Roberto Cavalli on Saturday paid homage to cinema -- a two-way relationship that has been one ...

UAE- Man uses fake number plates to evade big fine
The long arm of the law finally caught up with one repeat traffic violator, who was using fake number plates in an attempt to evade police ...

UAE- Sharjah Police in dramatic rescue of suicidal student
Police prevented a university student from leaping to her death from the top of a Sharjah hotel, in a dramatic rescue operation. Sharjah ...

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