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Saturday, September 28, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Dollar falls in longest streak since June 2013
The dollar fell in the longest stretch since June as traders weighed whether the economy is strong enough to warrant a reduction in ...

US shutdown likely as House Republicans amend budget bill
Setting up a high-stakes political showdown, the US House votes Saturday on a Republican plan that keeps government open through mid-December but ...

FB to improve mobile ad distribution
Facebook is expanding efforts to deliver targeted advertising, changing how promotions show up in users' news feeds and testing ...

Kuwait Crude Oil Price Up 11 Cents To $105.44 Pb
Kuwaiti crude oil price was up 11 cents to $105.44 pb on Friday compared to $105.33 pb the day before, Kuwait Petroleum Corporation said ...

Deyaar starts Burlington handover
Deyaar Development on Saturday announced the commencement of handover proceedings for 476 commercial units at The Burlington. Located in ...

Saudi- Mobile fingerprint units to help nab unauthorized Hajis
An exclusive division within the Passport Department is being established by the Ministry of Interior to curb infiltration and initiate ...

Investcorp buys stake in Theeb Rent a Car
�Bahrain-based Investcorp, an alternative investment manager, recently announced it has bought stake in a Saudi car rental firm and acquired ...

BlackBerry CEO disappointed with dismal quarter
�NEW YORK: In the face of a dismal earnings report, even BlackBerry chief executive Thorsten Heins struggled to find a silver lining. The ...

KSA to utilize cement worth SR112.50 billion in 2 years
�Saudi Arabia is poised to lead the GCC countries in terms of the value of cement it will require and consume in the next two years to reach ...

Saudi Arabia demand on cement worth USD30 b
Saudi Arabia is expected to register as the first country in the GCC in consuming and requiring cement reaching USD30 billion over the coming couple years, ...

US hiring seen up in Sept
Employers probably added more jobs in September than the prior month and the US jobless rate held at the lowest level since 2008, ...

Era ends, new chapter set for Washington Post
With Jeff Bezos set to take over The Washington Post, the big question is: Can he arrest its decline and deliver an economic model for the rest of ...

Japan leader gambles on sales tax hike
Japanese premier Shinzo Abe's long-awaited decision this week on whether to hike sales taxes is a major political gamble that proved career-ending ...

China launches free trade zone in Shanghai
China launched a free trade zone in its commercial hub Shanghai on Sunday, state-media reported, with the project seen as a testing ground for ...

Brazil's Petrobras announces new oil find
Brazil's oil giant Petrobras announced a new crude find Friday off the country's northeastern coast."It's a nice find," the state-run company's ...

Saudi- Body of 'electrocuted' boy not released yet
The body of a boy allegedly electrocuted at his school last week has not been released to his family yet because of contradictory reports over ...

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