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Wednesday, November 13, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

BNP Paribas buys Belgian govt local unit stake for 3.25 bn euros
The Belgian government said Wednesday it has sold its 25 percent stake in BNP Paribas Fortis to its parent, top French bank BNP Paribas, for 3.25 ...

U.S. Oil Imports at Historic Lows
The U.S. Energy Information Administration said Wednesday total petroleum imports into the United States were at their lowest level ...

Leaked Asia trade text sees US backing firms
The United States is seeking broader protections for its pharmaceutical and other companies in negotiations on an ambitious Pacific trade deal, ...

Macy's earnings fuel new records for US stocks
US stocks Wednesday pushed to fresh all-time highs after a strong earnings report from Macy's raised hopes about the upcoming holiday shopping ...

UAE - Sharing accommodation turns house of abuse
A case of shared accommodation arrangement gone wrong has resulted in heavy fines for a woman and her daughter in the capital city. The ...

Japan economic growth halves in September quarter
Japan said on Thursday that growth halved in the September quarter as exports slipped and consumer spending slowed, in a worrying sign for Tokyo's ...

Yellen says US unemployment is 'still too high'
Janet Yellen, the nominee to lead the Federal Reserve, said Wednesday that US unemployment at 7.3 percent remains too high and reflects an economy ...

EU follows US in allowing portable electronics in-flight
The European Aviation Safety Agency said Wednesday it will allow passengers to use a range of mobile electronic devices in flight with very ...

'Apple investigated for Italy tax fraud'
Apple is under investigation in Italy for allegedly failing to declare over 1.0 billion euros to the tax man, Italian media reported ...

UAE - Fake' flat owner swindles Dh100,000 from two
A supervisor forged a property certificate copy which falsely said he had the legal title to the flat, located in the Discovery Gardens. ...

UAE - Shuaa Capital reports Dh54.8m in total revenues
Shuaa Capital reported that total Q3 net profit stood at Dh3.6 million, which is a Dh2.3 million improvement compared to the net profit of ...

Saudi banks' provisions down 22% to SR1.6bn in Q3
Provisions for credit losses allocated by 11 listed Saudi banks fell by 22 percent to SR1.6 billion in the third quarter compared to ...

Jordan's budget deficit to reach USD1.55 b in 2014
Deficit in Jordan's budget is expected to reach USD 1.55 billion, and 12.8 percent increase in spending, according to the Jordan Times. Public spending ...

Jordan's inflation at 6.1 percent
Jordan's consumer price index increased by 6.1 percent by the end of last month compared to 4.27 percent during the same month in 2012, according to ...

EU Places Germany Under Scrutiny for Export Surplus
Germany's powerhouse economy is being put under European Union scrutiny, the bloc's executive announced Wednesday, amid concerns that ...

Baby born to brain dead mother in Hungary
A healthy baby boy was born in eastern Hungary after his brain dead mother was kept alive for about three months to bring him to term, a hospital ...

Pink Star diamond auctioned for record $83 million
A plum-sized diamond known as the "Pink Star" was auctioned in Geneva Wednesday for $83 million, a world record for a gemstone.David Bennett, ...

Brazil demands explanation over US spying on IMF
Brazil's director at the International Monetary Fund called an unscheduled meeting of the Fund's executive board Wednesday to discuss reports that ...

Taiwan doctors urge vigilance over new bird flu virus
Researchers in Taiwan on Thursday called on watchdogs to keep up their guard after a flu virus that commonly circulates among chickens was found for ...

Scientists study evolution of 'Little Red Riding Hood'
"Little Red Riding Hood" may have been heading to her grandmother's house -- but anthropologists wanted to know where she came from and just how her ...

South Korea's growing 'kimchi deficit'
It's kimchi-making season in South Korea, with households across the country preparing and laying down stocks of the ubiquitous spicy side-dish for ...

China cake millionaire at home in his six castles

As the greatest urbanisation drive in history swells China's cities with ranks of identikit apartment blocks, one culinary businessman is indulging ...

Spain's Fagor files for bankruptcy
Spanish electrical appliance maker, Fagor, announced that it filed for bankruptcy, Times of Oman reported. The company, which manufactures washing ...

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