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Sunday, October 20, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Lew warns US shutdown, debt showdown 'can never happen again'
The recent US government shutdown and debt limit showdown bruised the nation's economy and "can never happen again," Treasury Secretary Jack Lew said ...

Global economy: Gulf states among bright spots
The Annual Meetings of the International Monetary Fund and the World Bank in Washington highlighted the clouds on the horizon for the ...

In Greece, wisdom of privatisations under question
The approach of a new budget year in crisis-hit Greece has rekindled talk of more spending cuts, along with a renewed EU-IMF creditor push for a ...

Chinese city blanketed in heavy pollution
Choking clouds of pollution blanketed a Chinese city famed for its annual ice festival Monday, reports said, cutting visibility to 10 metres <33 ...

Myanmar-to-China gas pipeline fully open
A pipeline pumping natural gas from Myanmar to energy-hungry China has gone fully operational, state-run Chinese media said on Monday. The project, ...

Japan posts record string of trade deficits
Japan's trade deficit in September surged 64.1 percent from a year earlier, extending its string of shortfalls to a record 15th consecutive month.A ...

Security tight before Brazil offshore oil auction
About 40 soldiers armed with rifles patrolled Sunday outside a hotel on the western outskirts of Rio de Janeiro a day before a coveted oil field ...

Long-lunching, late-working Spain mulls changing times
Spanish lawmakers want to shift the country back a time zone and impose more healthy, family-friendly working hours: a tricky job in a land known for ...

Greek minister foresees hellish debt negotiations
Greece should prepare itself for a hellish negotiating period with international creditors on the country's financial needs and its level of debt, ...

S.Korea, Malaysia sign $4.7 bln currency swap deal
South Korea and Malaysia on Sunday signed a currency swap agreement worth $4.7 billion, Seoul's central bank said, in a move to encourage bilateral ...

Sugar prices drop by 25% in Saudi markets
Sugar prices have recently dropped by 25 percent in local markets due to the fall of global prices, dealers told local media. Yusuf Al-Qifari, ...

Saudi - 1,000 women to work in Grand Mosque
Sheikh Abdulrahman Al-Sudais, head of the General Presidency of the Holy Mosques Affairs, has instructed officials to hire 1,000 female guides ...

Napoleon defeated in Leipzig, again
Thousands of history buffs in early 19th-century costumes took to a historic battlefield outside Leipzig, Germany, on Sunday to reenact the Battle of ...

Apple expected to reveal new iPad line as tablet market heats
Apple is expected to rev up its iPad line Tuesday as the tablet market heats up with competition from devices powered by software from Google and ...

Fugitive UBS banker arrested in Italy luxury hotel
A former top executive at Swiss banking giant UBS wanted in the United States for allegedly helping wealthy Americans hide $20 billion <15 billion ...

Americans warm to online dating, survey shows
Americans are growing more comfortable with online dating, and many are finding a spouse or partner in cyberspace, a survey showed Monday.The Pew ...

Detroit museum could fall victim to city bankruptcy
There are few places where the former majesty of the US auto industry is more keenly captured than among the Diego Rivera murals at the Detroit ...

UAE - Two arrested for offering illegal phone calls
The Sharjah Police arrested two Pakistanis on Sunday for allegedly offering cheap international phone calls illegally using special devices ...

UAE - EHRA to attend hearing sittings in sedition case
By early November, a delegation of the Emirates Human Rights Association will be prepared to partake in the hearing sessions on the ...

UAE -Bribery case: Mizin ex-CEO acquittal verdict upheld
The engineer has also had his acquittal upheld of the charge of receiving purchase discounts adding up to Dh49 million. The appellate court ...

Dubai - Dewa to showcase smart services
The Dewa also announced the launch of its new smartphone and tablet application, which features new services and features such as moving in ...

Dubai - New mobile apps from Jebel Ali Port unveiled
The smart new approach to boost productivity and enhance operational efficiencies for imports and exports passing through the DP World ...

UAE - Technology critical at ADPC
It's not just cranes to unload containers from ships at Khalifa Port, but also advanced technology solutions that make the whole process ...

Young Saudis invent novel ways to barge into malls
Shopping malls have seen many young men standing at their gates in the Eastern Province during the Eid holidays. This scene repeats itself ...

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