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Tuesday, October 1, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Deadline missed, US slides into government shutdown
The United States lurched into a dreaded government shutdown Tuesday for the first time in 17 years, after Congress failed to end a bitter budget row ...

Gulf Manufacturing Boom Expected
Member states of the six-nation Gulf Cooperation Council , which enjoy better conditions for manufacturing and, in turn, have ...

UAE- Record Dh5b property deals

Total real estate transactions crossed the Dh5 billion mark, an all-time high in a single day, as investors rushed to register their properties ...

Saudi- SR862.4m deals for facilities in Yanbu, Jubail and Ras Al-Khair
The Royal Commission for Jubail and Yanbu has signed five contracts worth SR862.44 million to build infrastructure facilities in the industrial ...

Saudi SMEs have key role in GE supply chain
Underlining the significant role that local enterprises play in contributing to a robust supply chain, Saudi Aramco Entrepreneurship Center ...

Nakheel adopts the USD680 million Nakheel Mall project
Dubai "based Nakheel plans to adopt the tender of the construction project Nakheel Mall for USD680 million which will be located in Palm Jumeirah, ...

Chinas Foreign Debt Stands at 772 Billion US Dollars
China's top foreign exchange regulator has said that the amount of debt China owes foreign lenders stood at 771.95 billion US dollars ...

Foreign Funds Pour Into UK
� Flows of money from overseas investors boosted funds at British asset managers to a record ?5.4trn last year. The amount of capital ...

Three Gulf telecom operators, UKs Vodafone form consortium
Three Gulf telecom operators and Britain's Vodafone have formed a consortium to launch 1,400 kilometres fibre network that will meet rising ...

Saudi loses SR16bn in commercial fraud
Commercial fraud costs the Kingdom about SR16 billion a year, according to statistics released recently at the Eastern Commercial Forum in ...

China, Iceland Extend Currency Swap Deal
� China's central bank said that it has extended a currency swap agreement worth 3.5 billion yuan with ...

Malabar Gold turnover expected to reach $3.5 billion
The annual turnover of Malabar Gold and Diamonds, one of the world's largest gold and diamond jewellers, is expected to reach $3.5 billion this ...

Kenyas tourism sector braces for attack fallout
Travel agency manager Tomas Garcia has had a disastrous week, with one of his flagship branches, located in Nairobi's Westgate shopping mall, ...

China manufacturing activity hits 17-month high
Chinese manufacturing activity strengthened in September to its highest level in 17 months, the government said Tuesday, providing further evidence ...

S. Korea exports down, inflation slows in September
South Korea's exports fell slightly last month from a year earlier while inflation dipped to its lowest rate for 14 years, government data showed ...

GCC Insurance Market to See Rapid Premium Growth
The GCC insurance market has been one of the fastest growing regions for insurers, with average annual revenue growth of 16.8 percent ...

Japan PM to hike sales tax to curb debt
Japan's prime minister vowed Tuesday to press ahead with a sales tax hike seen as crucial to shrinking a huge national debt, although critics fear it ...

US teens dangerous obsession with thigh gap
It's the latest weight loss craze among American teens striving to emulate the models they see in magazines: the "thigh gap", in which slender legs, ...

Kuwait- Pakistani Man And Nepali Maid Caught In Action
A Pakistani man and a Nepali maid who were caught in a compromising situation inside a car in the parking lot of a school in Adan, have been ...

UAE- Four women arrested for practising sorcery
Four Arab women expatriates have been arrested by the Criminal Investigation Department of Ras Al Khaimah Police for allegedly practising ...

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