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Saturday, October 5, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi Arabia plans infrastructure projects at USD77 b
Local media reported that Saudi Arabia plans to improve its infrastructure, including roads, bridges, and railways by projects worth USD77 billion, ...

Dubai - Realty transactions hit record ahead of new fee structure
Real estate transactions in Dubai witnessed an all-time high level of Dh11.3 billion during the last week ahead of a new fee structure, ...

Saudi Arabia - Madinah named most economically prosperous city
Madinah is one of the most prosperous Saudi cities, with numerous investment opportunities that have contributed to the growth of its trade, ...

Samsung Electronics Reports Record-High Profit for 3Q
Samsung Electronics said its operating profit for the July-September quarter rose to another record-high. The South Korean company ...

Saudi Arabia - Banks minimum balance fee scrapped
The Saudi Arabian Monetary Agency has asked banks not to impose a minimum sum upon opening an account and will prevent banks from ...

BlackBerry hit with shareholder class action
A shareholder of BlackBerry sued the company and its executives, accusing them of inflating the stock price by painting a misleadingly rosy ...

September oil exports plunge in Iraq
The Iraqi oil ministry stated that the countrys oil exports last month plunged to 2.07 million barrels per day , registering its slowest export rate ...

Exporting countries to blame for rice price hike
Rice prices jumped 20 percent jump in the last six months on the Saudi market, but importers say that sufficient quantities remain available. ...

WTO Global trade deal within reach
NUSA DUA, Indonesia: The World Trade Organization has appealed for support from Asia-Pacific nations to help clinch a deal on easing ...

No U.S jobs data reported this week due to the unremitting government shutdown!!!
As a result of the constant government shutdown this week the US Bureau of Labor Statistics did not collect or issue economic data and ...

Indias remittances top the worlds list of USD71 b
Remittances all over the world have played a significant role in the countries GDP, according to Iran Daily. In Tajikistan, remittances formed 50 ...

Saudi Arabia - JCCI to enhance services for members
The Jeddah Chamber of Commerce and Industry is upgrading services for its members and enhancing its image, Saleh Kamel, chairman of the ...

Italian luxury firm Loro Piana defends takeover, eyes expansion
Amid controversy and angst over foreign takeovers of well-known Italian companies, the head of Italian luxury textile maker Loro Piana has argued the ...

Powerful Typhoon Heading West Off Japan
A powerful typhoon is moving westward off Japans southwestern islands, Japans NHK World Reported. On Sunday, the typhoon was about 130 ...

Myanmars ancient temple city faces modern danger
The spires of Bagan have survived wars, earthquakes and centuries of tropical sun, but in recent years Myanmar's ancient capital has faced a ...

Fashion, Forever & More
Love was Splash's vision at the recently concluded AW'13 fashion show in Madinat Arena, Dubai.  The show merged both new and classic ...

Family of four dies in Muscat fire
An Omani family of four, including two children, died of smoke inhalation in an early morning fire at their home in Azaiba on Saturday, ...

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