Mena News

 

  Increase in local and foreign investments for KAEC
Aug , 22 , 2013  
  King Abdullah Economic City (KAEC) in Rabigh is witnessing an increase in local and foreign investments for the construction of residential and industrial facilities. This can be ascribed to the agreements signed by KAEC with more than 50 local and international companies.
 

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  Mobily unit signs MoU to buy Atheeb’s shares
Aug , 22 , 2013  
  Etihad Etisalat (Mobily) inked a Memorandum of Understanding (MoU) to acquire a controlling interest in Etihad Atheeb.
 

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  All industry activity shrinks in Japan
Aug , 21 , 2013  
  Merchandise imports in Australia rose 5% MoM (seasonally adjusted) to AUD21.5bn in July.
 

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  Sweden’s capacity utilization reaches fresh high
Aug , 21 , 2013  
  Sweden's capacity utilization rose to 86.2% in 2Q13 from 85.1% in 1Q13, marking the highest level since 3Q12.
 

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  Germany’s employment improves in 2Q13
Aug , 21 , 2013  
  Germany’s leading economic indicator advanced 0.2% MoM to 105.4 in June, following a 0.4% MoM rise in May.
 

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  Eurozone construction output continues to rise
Aug , 21 , 2013  
  Construction output in the Eurozone continued to increase for the third consecutive month in June. The total output grew 0.7% MoM during the month, after increasing 0.5% MoM rise in May. On YoY basis, however, the output declined 3%.
 

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  Saudi Arabia plans SAR2.1bn health projects in Tabuk province
Aug , 21 , 2013  
  Saudi Arabia plans to undertake health projects worth SAR2.1bn in the Tabuk province.
 

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  Gold rises on weak US economic data
Aug , 20 , 2013  
  Gold prices rose on some weak economic data from the US, reassuring investors that the Fed might not start tapering the bond-buying program next month. Data indicated improved gold consumption in China and India further increased prices. Spot gold prices rose 0.7% to USD1,376 an ounce on the NYMEX.
 

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  Decline in Singaporean exports less than expected
Aug , 20 , 2013  
  Singapore’s non-oil domestic exports fell 0.7% YoY, while the market projected a decline of 2.9% YoY.
 

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  Recovery in US productivity in 2Q13
Aug , 20 , 2013  
  Productivity level in the US rebounded in 2Q13, rising 0.9% and reversing the 1.7% drop in 1Q13. The market forecasted an increase of 0.6%.
 

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