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Sunday, November 3, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

In US, budget crises flare but deficits shrink
It is an American paradox: The US public deficit shrank this year at the fastest pace in nearly half a century, driven more by budget crises than ...

Saudi - E-real estate index for Jeddah planned
Plans are afoot to launch an electronic real estate index by the beginning of 1435 , which will allow dealers to follow accurately and ...

ECB under growing pressure to cut rates
The heat is on the European Central Bank to cut rates amid growing deflationary fears in Europe, but analysts are divided over whether it will act as ...

Saudi - Cement exports down 55% to 245,000 tons in 9 months
The volume of cement exports fell by 55 percent to 245,000 tons in the first nine months of the current year compared to 547,000 tons in the ...

Ashmore to purchase 65 percent stake of Saudi GEMS
Ashmore Group Plc has announced its plan for purchasing a stake in a Saudi waste management firm for USD250-350 million, according to Arab ...

Instagram starts showing ads
Instagram began displaying ads, as Facebook moved to start making money from the smartphone photo sharing service it bought in a billion-dollar deal ...

Iraq oil pipeline bombed, pumping shut down
Militants bombed a major oil pipeline in northern Iraq early on Saturday, disabling it and forcing pumping to be suspended, security officials ...

Twitter set to make a splash on Wall Street
Twitter Wall Street is aflutter over Twitter, set to make the most anticipated stock market debut since Facebook in a huge test for social media and ...

East Japan Railway to build train system in Bangkok
A Japanese consortium will build an urban transit system in Bangkok, as part of Japan's drive to expand exports of railway infrastructure to the rest ...

Ryanair looks to soften image in tougher market
Exchanges with customers on Twitter and plans for a simplified website -- Irish no-frills airline Ryanair is seeking to improve its public image as ...

SE Asia's top textile market seeks to clean up its act
After years of being overrun by a racketeering mafia, drug addicts and prostitutes, Southeast Asia's biggest textile market is cleaning up its act in ...

Omantel completes major project to enhance 3.5G network in Batinah
Omantel recently completed an important part of its 3.5G network modernisation project with the completion of build out and expansion of ...

UAE - Man accused of bid to sell woman for Dh10,000
The defendant met women from Eastern Europe on the Internet and allegedly tricked them into coming to the UAE by luring them with free ...

UAE - India's computer hardware exports to ME jump 300%
India's computer hardware exports to the Middle East jumped more than 300 per cent during the last five years, according to the latest ...

Saudi - Coronavirus snuffs out another life
A 56-year-old Saudi woman has died of Middle East Respiratory Syndrome coronavirus in the Eastern Province, bringing the number of ...

On Day of the Dead, Mexicans visit man's best friend
The Narvaez family congregated around the tiny dirt grave of their loved one on Mexico's Day of the Dead, laid a handful of marigolds and recalled ...

Gripes over Tokyo stadium overshadow 2020 Olympic Games euphoria
Just weeks after they rode the wave of euphoria to Olympic victory when Tokyo won the right to host the 2020 Games, organisers are being brought back ...

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