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Wednesday, September 25, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Kingdom investing $77bn in infrastructure projects
Saudi Arabia is undertaking infrastructural improvement projects valued at $77 billion that include roads, bridges and rail. According to ...

Dubai real estate keeps shining
Prime residential prices in Dubai, which started to rise in early 2012, a movement partly instigated by regional troubles, recorded a ...

No objections voiced to GCC unified fuel prices
A feasibility study on the unification of prices of oil products in GCC countries will be finalized soon, said Ali Al-Naimi, minister of ...

Japan, EU Agree to Conclude Free-Trade Pact
Japan and the European Union have agreed to accelerate the process toward concluding an economic partnership agreement. Japanese trade ...

Avoiding US govt shutdown means bigger debt fight
With five days until a possible US government shutdown, lawmakers were to mull options Thursday for keeping agencies open while potentially ...

Emerging Markets Main Contributor to Global Growth
Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam has said that the emerging market economies will remain the ...

Volkswagen Opens 300,000-Unit Plant in Southern China
German auto giant Volkswagen AG on Wednesday opened a new plant that aims to produce 300,000 cars annually in Foshan city in the southern ...

World Bank Cuts Russian Economic Growth Forecasts, Urges Reform
The World Bank cut its 2013 growth forecast for the Russian economy in a new report published Wednesday, asserting that domestic consumers ...

Dh15.8b housing loans, projects for Abu Dhabi
The Abu Dhabi Executive Council, at a meeting chaired by Gen Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme ...

UAE auto sector may post 13.4% jump in sales this year
The UAE automobile sector this year is expected to post 13.4 per cent jump in sales against the projected growth of 7.3 per cent. The ...

Saudi- SR320m to build education and health facilities
Minister of Finance Dr. Ibrahim Al-Assaf signed seven contracts recently totaling SR320 million to finance the construction of education and ...

Spain healthcare suffering 'devastating' cuts
Hospital budget cuts and new charges for medicine are blocking healthcare access to hundreds of thousands of people in Spain, including the seriously ...

Citigroup to pay Freddie Mac $395 mln settlement
US banking giant Citigroup Wednesday announced an agreement to pay Freddie Mac $395 million to settle claims of potential flaws in millions of ...

EU Donates $10.82 Million to UNRWA for Palestinian Refugees From Syria
The European Union has announced an additional contribution of US $10.82 Million to the United Nations Relief and ...

Seven killed in Pakistan Police Station Attack
Militants disguised as soldiers killed seven people in an attack on a police base in Indian Kashmir Thursday, days before long-awaited ...

Pakistan quake death toll nears 350; hundreds of houses destroyed
The death toll from a deadly earthquake that hit southwestern Pakistan crossed 350 on Thursday after hundreds of mud houses collapsed on ...

UAE- Vendor charged with killing friend over Dh8,500 loan
A vendor allegedly killed a compatriot friend over a Dh8,500 loan and dumped the body in a carton, a court heard. He then made four workers ...

Prince Harry to visit Dubai on charity mission
British Royal Prince Harry will visit Dubai next month to raise funds for HIV-positive children in Lesotho. The visit is scheduled for ...

Indonesia to host Miss World final despite Muslim anger
The Miss World final takes place on the Indonesian resort island of Bali on Saturday after weeks of protests from Muslim hardliners and warnings that ...

Less fatty 'Satisfries' hit Burger King menus in US
Fast food giant Burger King introduced a lower-fat, fewer-calorie French fry to US patrons, allowing customers to order a side of "Satisfries" with ...

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