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Sunday, November 10, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Major Sudan Airline Grounded, Blames US Sanctions
A major Sudanese airline serving South Sudan and the Middle East suspended operations Sunday, blaming American sanctions, as a document ...

Amid austerity and debt, Denmark remains happiest nation
They are the most indebted people in the world, live through long, dark winters and have a shorter life expectancy than several Mediterranean ...

Costs soar in US for twin, triplet births
Mothers in the United States who give birth to twins or triplets face soaring medical costs compared to those who have single children, said a study ...

Surprises in hunt for environmental links to breast cancer
A decade-long research effort to uncover the environmental causes of breast cancer by studying both lab animals and a group of healthy US girls has ...

IMF chief sees economic storm clouds in Venezuela
International Monetary Fund chief Christine Lagarde said that Venezuela's economy appears stressed and that the country likely will face "difficult ...

EU, US resume trade talks despite spy scandal
The EU and United States resume talks Monday on the world's largest free-trade accord aiming to make progress despite damaging revelations of US ...

UAE - Former Nakheel executive cleared of fraud by court
The Court of Appeal has cleared a former executive manager of the Nakheel Waterfront project of a fraud charge, quashing a lower court's ...

Gulf Countries Become Global Hub for Islamic Finance
Saudi Arabia, the United Arab Emirates and Qatar will all increase their global importance as centers of Islamic finance in the coming ...

Saudi - KHC, Alwaleed investments in Twitter up 200%
Kingdom Holding Company and its Chairman Prince Alwaleed bin Talal's combined investment in Twitter increased to 200 percent on the first ...

Gun violence rampant in movies for teens, study shows
Gun violence is on the rise in US movies and has more than tripled since 1985 in those rated as acceptable for teenagers 13 and older, according to a ...

UAE - ADNOC, Masdar to set up new joint venture
Abu Dhabi National Oil Company and Masdar have signed a joint venture agreement to set up the Middle East's first company focused on ...

Saudi - Kingdom's real estate market stands at SR1.5 trillion
Real estate circles are waiting for a decision from the Council of Ministers regarding the allocation and prioritization of the lands available ...

Saudi petrochemical sector draws German investors
The German Saudi Arabian Liaison Office for Economic Affairs together with Sadara Petrochemical Company organized an event ...

Opec not likely to change output target
The Kuwaiti oil minister said that the Organization of Petroleum Exporting Countries is not expected to change its crude output target in its next ...

UN Working Around the Clock to Reach Thousands Affected by Philippines Typhoon
The United Nations agencies are working closely with the Government of the Philippines to reach those affected by the super typhoon ...

Ireland central bank investigates RSA issue
The central bank of Ireland is studying a regulatory issue after RSA Insurance suspended the chief executive and two other senior managers in its Irish ...

Saudi - Remitted foreign currencies up 17% to SR112bn in 9 months
The volume of money transfers in the form of hard currencies remitted by foreigners ...

Saudi - EP man blames quarreling nurses for wife's death
Nabil Al-Khatir's delight, of having blessed with his first child, turned tragic with the subsequent death of his 32-year-old wife at the ...

UAE- Customs inspector in the dock for collecting bribe
The 37-year-old Egyptian, a manager assistant, is believed to have taken advantage of the fact that the woman was sleeping to sexually ...

UAE - Spousal abandonment on rise in RAK
There were 42 such abandonment cases in the first 10 months of the year - a high number compared to previous years, according to the ...

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