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Monday, November 11, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UAE - Air Arabia revenue jumps 14% to reach Dh2.3 billion
Air Arabia on Monday declared 14 per cent growth in its nine-month revenues despite continued political instability in regional travel ...

UAE - Waha Capital's net profit climbs 289% in Q3
Higher earnings from aviation and consumer finance helped soar Waha Capital's net profit 289 per cent to Dh107 million in the third ...

UAE - DGCX volumes rise 56%
Year-to-date volumes on the Dubai Gold and Commodities Exchange grew 56 per cent in October from the same period last year to total ...

UAE - Officer jailed for tampering with exit records
The immigration officer has been sentenced to five years in prison for falsifying the electronic records showing 2,060 Asians have exited ...

Kuwaiti Zain profit drop 12.7 percent
Kuwait's Zain posted a net profit drop of 12.7 percent in the third quarter of this year, Times of Oman reported. The giant telecom company's net profit ...

Saudi - SPCC invests SR713 million in Bisha plant
The Southern Province Cement Company has signed a deal with a Chinese company for the construction of a second production line at Bisha ...

Saudi - A British sukuk at last
The UK announcement last month that it is going to issue a 200 million sterling pound Islamic bonds, or sukuk, looks initially insignificant ...

EU to hold France, Germany to account in push for growth
The EU will this week test a new system to ensure states toe economic rules when it decides whether to challenge eurozone giants Germany and France, ...

World Cup CEO urges Brazilians to treat tourists well
World Cup local organising committee CEO Ricardo Trade says Brazilians have a perfect right to demonstrate during the tournament, as long as it ...

Polio outbreak in Syria linked to Pakistan
An outbreak of polio that has paralysed 13 children in war-torn Syria is linked to a strain of the virus from Pakistan, the World Health Organisation ...

Feel in danger? Stay classy, buy a bulletproof suit
A Canadian tailor is releasing a three-piece suit that has everything a danger-seeking 21st century executive could need -- killer looks plus ...

Novartis sells blood transfusion test unit for $1.7 bn
Swiss pharmaceuticals giant Novartis said Monday it would sell its blood transfusion diagnostics unit to the Spanish firm Grifols for $1.68 billion ...

'Miracle' baby born in Philippine typhoon rubble
Emily Sagalis cried tears of joy after giving birth to a "miracle" girl in a typhoon-ravaged Philippine city, then named the baby after her mother ...

British drugs firm Shire buys ViroPharma for $4.2 bln
British drugs group Shire said on Monday that it has agreed to buy US-based ViroPharma, a rare disease biopharmaceutical firm, for $4.2 billion <3.1 ...

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 ...

Saudi says first camel tests positive for MERS virus
The Saudi government said Monday that a camel has tested positive for MERS, the first case of an animal infected with the coronavirus that has killed ...

Apple, Samsung to face off in court again on patents
Apple and Samsung return to a California court this week for another round in the blockbuster patent trial between the two biggest smartphone ...

BAE and EADS hold steady year after failed merger
A year on from the failed merger of British defence firm BAE Systems and French aerospace company EADS, shareholders are unlikely to have noticed a ...

Saudi economy gives signs of improvement in September
Economy of Saudi Arabia saw a growth in September after the slowdown a month earlier, according to Arab News. Riyadh-based Jadwa Investment reported ...

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