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Monday, November 4, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Dubai - Damac eyes $500m in UK IPO
Dubai-based luxury real estate developer Damac Properties is to raise $500 million from an initial public offering, or IPO, in ...

Twitter hikes IPO share price range
Twitter boosted its public stock offering value to as much as $2 billion in documents filed Monday.The regulatory filing raises the share price for ...

BlackBerry scraps search for buyer, ousts CEO
BlackBerry abandoned hopes of finding a buyer, and instead pegged its future on a $1 billion cash infusion as it shook up top management Monday and ...

Swiss firm 'laundered' gold pillaged in DR Congo conflict
Activists claimed on Monday that a Swiss company laundered gold ore pillaged by an illegal armed group from conflict-torn Democratic Republic of ...

US still in talks with US Airways, American on merger
The US Department of Justice said Monday it is still in talks with US Airways and American Airlines to settle competition concerns in their proposed ...

200 million people at risk from toxic pollution
Hundreds of millions of people worldwide risk exposure to toxic pollution, environmental groups warned Monday, publishing a list of the world's worst ...

Nissan shares dive more than 11 after outlook cut
Shares in Nissan Motor plunged more than 11 percent on Tuesday after the auto giant slashed its full-year earnings forecast, citing a sluggish ...

Irish Ryanair net profit to drop to USD675 m in winter
The Ireland-based Ryanair saw a drop in shares after it issued a new profit warning, and plans to keep discounts, according to Arab News. The airline's ...

Saudi - Jarir seeks shareholder nod for capital boost
The Jarir board of directors has recommended a 50 percent increase in its capital from SR600 million to SR900 million. The recommendation is ...

Dubai motor show to draw 100,000 visitors
All eyes will be on Dubai this week as it hosts the region's largest and most influential automotive event, the Dubai International Motor Show ...

UAE - Ras Al-Khaimah seeks bids for $450m utility projects
Two utility projects, totally valued at $450 million, will be up for bidding in Ras Al-Khaimah to meet the growing demand as well as to enable ...

Duty calls for gamers as hotly-anticipated sequel hits stores
Hordes of excited gamers descended on shops across the globe on Tuesday to get their hands on the latest release from the blockbusting "Call of Duty" ...

Girl, 8, is China's youngest lung cancer case
An eight-year-old girl has become China's youngest lung cancer patient, reports said, with doctors blaming pollution as the direct cause of her ...

JJ fined $2.2 bn for faulty drug claims, kickbacks
Global health-care giant Johnson & Johnson will pay more than $2.2 billion to settle allegations that it misrepresented drugs and used kickbacks ...

East Africa art on rise as Kenya holds first commercial auction
Kenyan artist Boniface Maina, dreadlocks peeping out from a woolly hat, strolls round paintings and sculptures going under the hammer Tuesday in the ...

Syria pledges polio vaccination campaign
The Syrian government on Monday pledged to vaccinate children against polio after 10 cases were reported in the northeast, and also accused rebels of ...

UAE - Man accused of asking for kiss under threat
A 33-year-old Filipino salesman, who allegedly threatened to kill a woman with a razor if she did not make out with him in the lift of her ...

UAE - 30 Muslim Brotherhood suspects go on trial today
As many as 30 persons, including a number of Egyptians, will go on trial at the State Security Circuit of the Supreme Federal Court in Abu ...

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