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Saturday, October 26, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Fed expected to hold tight on stimulus after shutdown
Skewed data and the economic setback of the partial government shutdown face Federal Reserve policymakers as they review their economic stimulus ...

Saudi - Unemployed women make a fast buck
A number of unemployed women have exploited the unsupervised areas of the Dammam waterfront to erect gaming tents for children without ...

Saudi - Profits of Saudi banks surge 7.8% to SR29bn in 9 months
Profits of Saudi Arabia's 12 banks rose by 7.8 percent in the first nine months of the current year to SR29 billion compared to SR27 billion in ...

Emaar posts 50 percent net income increase
Dubai-based Emaar Properties announced that net profit for the July-September period soared 50 percent, Times of Oman reported. The company's net ...

Al Omaniya profit up 10 percent
Al Omaniya Financial Services, a non-banking finance company , posted a 10 percent increase in net profit for the first nine months, Times of Oman ...

Macedonian Orthodox Church bans Facebook for priests
Macedonia'a Orthodox Church on Friday ordered its priests and nuns not to use Facebook or be ready to face unnamed sanctions, church officials ...

Ancient culture, modern heartache mix at Aboriginal festival
As the young girl's voice rings out into the desert night, singing a soft lullaby to the restless baby she holds, the audience is spellbound. For ...

LG posts 34 percent net loss in Q3
South Korean LG Electronics said that profit in the July-September period dropped 34 percent versus the same period last year, Times of Oman ...

Algeria announces major oil well discovery
Algeria's national energy firm Sonatrach has discovered a major oil field with almost 1.3 billion barrels of deposits in the south of the country, ...

EU 'ready to do more' if Syria polio fears confirmed
The European Union said Saturday it was ready to increase assistance to the World Health Organisation if an outbreak of polio is confirmed in ...

Cracks in Finland's 'Triple A' image
Finland's image as an island of fiscal virtue in an ocean of European profligacy has eroded to the point that many ask if it can keep its stellar ...

Nikon D7100 camera receives EISA award
Nikon Corporation has announced that the Nikon D7100 DX-format digital SLR camera is the recipient of the European Camera 2013-2014 award ...

Nissan unveils 4x4 Adventure Park
Nissan Oman from Suhail Bahwan Automobile has opened its new test facility exclusively for Nissan 4x4 vehicles at the Oman Automobile ...

Pakistan backs Saudi demand for UN reform
ISLAMABAD: Pakistan has supported Saudi Arabia's rejection of its non-permanent seat in the UN Security Council, praising its call for reform. ...

Saudi - Lawyers call for special courts to try sexual harassment cases 
Lawyers here have called on the government to set up special courts to deal with sexual harassment cases. Hmoud Al-Khaldi, a lawyer, said this ...

Indian tablet maker eyes Saudi market
Simmtronics, acknowledged as the third leading tablet manufacturer globally, has launched its latest XPAD tablet, the XPAD Freedom, at the ...

Qatar - QNB: MENA economy to grow 2.1% in 2013
The latest International Monetary Fund World Economic Outlook projections suggest that economic performance in the Middle East and ...

Saudi - Man trying to harass women learns the lesson of his life
A video showing women in abayas retaliating against a man trying to harass them went viral this week and has drawn various reactions from ...

World currency turbulence hits company earnings
Emerging markets have helped rake in a corporate earnings bonanza in recent years, but a sudden plunge in their currencies in mid-2013 due to an ...

Airbus urges Berlin to unfreeze 600 mln euro loan payment
Airbus on Saturday urged the German government to pay out a promised final loan instalment of 600 million euros for the construction ...

Thousands march in Taiwan for same-sex marriage
Tens of thousands of people rallied in Taiwan on Saturday in Asia's largest gay parade, organisers said, as the island's parliament was set to review ...

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