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Wednesday, November 6, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

UK's scandal-hit G4S unveils restructuring
British security firm G4S on Tuesday unveiled a major overhaul of the business after a string of high-profile blunders, and amid challenging trading ...

UAE - Etisalat buys 53% of Maroc Telecom
Emirates Telecommunications Corporation has acquired a 53 per cent stake in Maroc Telecom from French conglomerate Vivendi. The UAE ...

Saudi JEC announces its USD1.22 b project
Jeddah Economic Company has announced its USD1.22 billion project, Kingdom Tower in Jeddah, according to Arab News. The company has appointed ...

US - Obama Approval Rating Falls to 39% in New Poll
US President Barack Obama's nearing his all-time low approval rating in Gallup polling. According to Gallup's latest daily tracking ...

EU cuts 2014 growth forecast
The European Union lowered its next year growth forecast for the region as the economy is struggling due to the debt crisis and high unemployment rate, ...

Japan mob loans scandal claims another lender
A major Japanese credit company said Wednesday it had lent money to yakuza gangsters in a widening scandal that is sweeping through the country's ...

Samsung vows to boost dividend at rare analyst meeting
Samsung Electronics promised better shareholder returns, dismissed fears over smartphone market saturation and signalled a more aggressive ...

Ireland to hold gay marriage referendum in 2015
Ireland will stage a referendum on same-sex marriage in 2015, officials said Tuesday, in a move already proving divisive in the historically Catholic ...

Glitz and politics as Russia hosts Miss Universe for first time
Russia on Tuesday began hosting Miss Universe for the first time in the pageant's 61-year history, with contestants from 86 countries shimmying along ...

Turkish PM defends plan to do away with mixed-sex dorms
Turkey's conservative Prime Minister Recep Tayyip Erdogan on Tuesday defended a plan to do away with mixed-sex dorms which has sparked an uproar in ...

Renault-Nissan, Mitsubishi announce electric tie-up
Renault-Nissan and Japanese firm Mitsubishi are to share the production of vehicles, technology and factory capacity, the two groups announced on ...

Dubai Duty Free posts 11% growth to Dh5.23b
Dubai Duty Free, the world's largest single-airport retailer, is all set to achieve double-digit sales growth for the year with sales in ...

Is a Spy Watch A Helpful Tool or Invasion Of Privacy?
Deer Park, NY James Bond would be jealous of all the spy gadgets such as the Spy watch that are found in the ...

China seeks world role for 'people's money'
With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the ...

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