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Tuesday, November 12, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Saudi Arabia Officially Declines UN Security Council Seat
The Kingdom of Saudi Arabia has officially informed the UN Secretary-General Ban Ki-moon that it is not in a position to fill the ...

Kuwait Fund Signs USD 12.24m Loan to Rwanda
The Kuwait Fund for Arab Economic Development signed a loan agreement worth KD 3.6 million to contribute to the ...

Emirates Group growth rises 13 percent in 6 months
The Emirates Group saw a significant growth in the first six months of its fiscal year, though the world faces economic pressure, according to Arab ...

Secret pricing spikes US healthcare costs
Secret pricing is making healthcare in the United States more expensive than ever, leading costs to triple in the past two decades, experts said ...

A quirky date, 11-12-13, sparks weddings, wishes
It was a day for celebration, even marriage -- at least for people who love numbers -- as the calendar rolled over to 11/12/13, or November 12, ...

UAE - Waha net profit boosted 289 per cent in Q3
Net profit of Abu Dhabi-based investment firm Waha Capital has significantly increased by 289 percent in the third quarter of its fiscal year, according to ...

Afghanistan's modern artists puzzle and provoke
Shocking, intimate and often bemusing to outsiders, the modern art produced by a small group of young Afghans would come as a surprise to ...

Chevron ordered to pay Ecuador $9.51 bn on appeal
An Ecuadoran court upheld a ruling that US oil giant Chevron was liable for environmental damage in its Amazon basin region by sister company Texaco, ...

Hawaii latest US state to legalize gay marriage
Lawmakers in Hawaii became the latest to vote to legalize same-sex marriage, making the mid-Pacific US state likely the 15th to allow gay weddings, ...

Football World Cup venue Cuiaba in race against time
Just like its 11 fellow venues, Cuiaba, located some 2000 kilometers northwest of Rio, will be ready to host the World Cup come June, organisers ...

Vodafone to up investments
UK-based Vodafone, the world's second leading mobile operator, plans to spend USD11.1 billion in investments, Times of Oman reported. The company's ...

China Welcomes Iran Nuclear Inspection Deal
China has welcomed the latest deal reached between Iran and the International Atomic Energy Agency to enable the UN nuclear ...

MENAP growth to drop 2.25 percent by 2014
The International Monetary Fund has announced the launch of its Regional Economic Outlook Update for the Middle East, North Africa, Afghanistan, and ...

Saudi - 3 Eritrean officers given asylum after jet forced to land
Three Eritrean military officers, who landed at King Abdullah Regional Airport in Jazan on Tuesday, have been granted asylum. Confirming the ...

UAE - ADNOC to start exporting new Das crude from 2014
Abu Dhabi National Oil Company will blend its Lower Zakum and Umm Shaif crude oils into a new export crude called Das crude. Ali ...

Saudi scientist shares her inspiration with students
Dr. Hayat Sindi, a pioneering Saudi scientist, was invited by Harvard University to attend the popular "Nifty Fifty" US program, which seeks to ...

UAE - Technician jailed for groping student in lift
An air-conditioning technician has been sentenced to three months in jail for molesting a female student in the lift of a building. The ...

UAE - More investments after S&P upgrade: Mansouri

S&P decision reflects the SCA's sustained efforts to be a pioneer Minister of Economy Sultan bin Saeed Al Mansouri has shown the ...

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