http://www.menafn.com/qn_mena_headlines_r.asp?ntype=industry&region=mena&mid=2&title=Business%2fFinance MENAFN.com Business/Finance en-us Copyright © 2013 MENAFN.com 60 http://www.menafn.com/qn_mena_headlines_r.asp?ntype=industry&region=mena&mid=2&title=Business%2fFinance http://www.menafn.com/images/inc_images/img_menafn_small.gif 125 13 http://www.menafn.com/menafn/1093637131/Irelands-Ryanair-reports-13-rise-annual-profits?src=RSS http://www.menafn.com/menafn/1093637131/Irelands-Ryanair-reports-13-rise-annual-profits?src=RSS (MENAFN) Ryanair's CFO, Howard Millar, announced that Europe's largest budget carrier's net profits climbed by 13 percent in the year ended March to USD730 million, reported Reuters. Millar said ... http://www.menafn.com Mon, 20 May 2013 05:58:53 GMT http://www.menafn.com/menafn/1093637123/UKs-ITE-Group-reports-15-decline-H1-profit?src=RSS http://www.menafn.com/menafn/1093637123/UKs-ITE-Group-reports-15-decline-H1-profit?src=RSS (MENAFN) British ITE Group Plc stated that its headline pretax profit dropped by 15 percent in the first half of its fiscal year to USD16.83 million, compared with USD19.56 million in the same ... http://www.menafn.com Mon, 20 May 2013 05:34:53 GMT http://www.menafn.com/menafn/1093637089/Danone-to-invest-USD417m-Chinas-yoghurt-industry?src=RSS http://www.menafn.com/menafn/1093637089/Danone-to-invest-USD417m-Chinas-yoghurt-industry?src=RSS (MENAFN) France's Danone Group will invest USD417 million in China's yoghurt market, reported Reuters. Danone will invest the amount in two deals with China Mengniu Dairy Co Ltd, the first ... http://www.menafn.com Mon, 20 May 2013 03:08:57 GMT http://www.menafn.com/menafn/1093637075/Bauxite-Resources-new-chief-executive-officer-takes-reins?src=RSS http://www.menafn.com/menafn/1093637075/Bauxite-Resources-new-chief-executive-officer-takes-reins?src=RSS (MENAFN - ProactiveInvestors - Australia) Bauxite Resources' (ASX: BAU) new chief executive officer and executive director Peter Canterbury has commenced employment today. Canterbury joins ... http://www.menafn.com Mon, 20 May 2013 02:56:38 GMT http://www.menafn.com/menafn/1093637068/Saudi-and-Philippine-Labor-Ministries-Sign-Accord-To-Regulate-Recruitment-of-HouseWorkers?src=RSS http://www.menafn.com/menafn/1093637068/Saudi-and-Philippine-Labor-Ministries-Sign-Accord-To-Regulate-Recruitment-of-HouseWorkers?src=RSS (MENAFN - Saudi Press Agency) Deputy Minister of Labour Mufarrej bin Saad Al-Haqbani and Philippine Labor Secretary Rosalinda Baldoz signed in Jeddah today a bilateral framework agreement to ... http://www.menafn.com Mon, 20 May 2013 02:50:02 GMT http://www.menafn.com/menafn/1093637058/-Yahoo-to-Pay-USD1-bln-For-Blog-Site-Tumblr?src=RSS http://www.menafn.com/menafn/1093637058/-Yahoo-to-Pay-USD1-bln-For-Blog-Site-Tumblr?src=RSS (MENAFN - Qatar News Agency)  Internet veteran Yahoo Inc has agreed to buy the blogging site Tumblr Inc in a deal worth over 1 billion dollars. An official announcement was expected on Monday, ... http://www.menafn.com Mon, 20 May 2013 02:45:03 GMT http://www.menafn.com/menafn/1093637032/Hamptons-posts-41-growth-Dubai-property-deals-Q1?src=RSS http://www.menafn.com/menafn/1093637032/Hamptons-posts-41-growth-Dubai-property-deals-Q1?src=RSS (MENAFN) Hamptons, the real estate services company, said that during the first quarter, the number of its property deals in Dubai surged by 41 percent from last year's same period, reported Arabian ... http://www.menafn.com Mon, 20 May 2013 02:29:55 GMT http://www.menafn.com/menafn/1093637027/UAE-Schafer-named-CEO-of-DIFC-Properties?src=RSS http://www.menafn.com/menafn/1093637027/UAE-Schafer-named-CEO-of-DIFC-Properties?src=RSS (MENAFN - Khaleej Times) Dubai International Financial Centre (DIFC) on Sunday announced the appointment of Brett Schafer as chief executive officer of DIFC Properties. Schafer brings ... http://www.menafn.com Mon, 20 May 2013 02:22:00 GMT http://www.menafn.com/menafn/1093637018/Kuwait-KGL-Logistics-records-net-profit-of-KD-10.048m-12-?src=RSS http://www.menafn.com/menafn/1093637018/Kuwait-KGL-Logistics-records-net-profit-of-KD-10.048m-12-?src=RSS (MENAFN - Arab Times)  KGL Logistics K.S.C. (Closed) accomplished net profits amounting to KD 10.048 million for its operations in the year 2012 as compared to KD 9.019 million for the year ended ... http://www.menafn.com Mon, 20 May 2013 02:13:45 GMT http://www.menafn.com/menafn/1093636941/Saudi-Foreign-missions-complain-of-slow-deportation-work?src=RSS http://www.menafn.com/menafn/1093636941/Saudi-Foreign-missions-complain-of-slow-deportation-work?src=RSS (MENAFN - Arab News) Foreign consulates expressed disappointment yesterday at the pace at which immigration authorities at the deportation center process exit visas of workers who want to return ... http://www.menafn.com Mon, 20 May 2013 01:34:06 GMT http://www.menafn.com/menafn/1093636938/KSA-Philippines-sign-watershed-labor-pact?src=RSS http://www.menafn.com/menafn/1093636938/KSA-Philippines-sign-watershed-labor-pact?src=RSS (MENAFN - Arab News) Philippine Labor Secretary Rosalinda Dimapilis-Baldoz and Saudi Deputy Labor Minister Mufarrej bin Saad Al-Haqbani signed a labor agreement Sunday on the hiring of Filipino ... http://www.menafn.com Mon, 20 May 2013 01:31:35 GMT http://www.menafn.com/menafn/1093636936/SaudiMalay-firm-sign-SR-600-m-deal?src=RSS http://www.menafn.com/menafn/1093636936/SaudiMalay-firm-sign-SR-600-m-deal?src=RSS (MENAFN - Arab News) The Modern Healthcare Solutions Company, one of the ventures of the Modern Industrial Investment Group Holding (MIIGH), concluded a cooperative partnership deal with ... http://www.menafn.com Mon, 20 May 2013 01:27:20 GMT http://www.menafn.com/menafn/1093636932/Saudi-SADAFCO-board-approves-SR-97.5-m-dividend?src=RSS http://www.menafn.com/menafn/1093636932/Saudi-SADAFCO-board-approves-SR-97.5-m-dividend?src=RSS (MENAFN - Arab News) The board of directors of SADAFCO has approved a dividend distribution proposal made to its annual general assembly for the financial year ended March 31, 2013, amounting to SR ... http://www.menafn.com Mon, 20 May 2013 01:18:14 GMT http://www.menafn.com/menafn/1093636931/Saudi-Tajikistan-is-promising-investment-destination?src=RSS http://www.menafn.com/menafn/1093636931/Saudi-Tajikistan-is-promising-investment-destination?src=RSS (MENAFN - Arab News) In conjunction with the 38th IDB Annual Meeting, the Dushanbe Business Forum 2013 was organized by the Islamic Corporation for the Development of the Private Sector (ICD), in ... http://www.menafn.com Mon, 20 May 2013 01:16:44 GMT http://www.menafn.com/menafn/1093636928/Bab-Rizq-Jameel-showcases-successful-Saudi-projects?src=RSS http://www.menafn.com/menafn/1093636928/Bab-Rizq-Jameel-showcases-successful-Saudi-projects?src=RSS (MENAFN - Arab News) Bab Rizq Jameel (BRJ), an initiative of Abdul Latif Jameel Community Initiatives (ALJCI), took part in the Exhibition and Conference of Small and Medium Enterprises - Izdehar ... http://www.menafn.com Mon, 20 May 2013 01:10:50 GMT http://www.menafn.com/menafn/1093636925/Saudi-Food-hospitality-show-draws-400-companies-from-17-countries?src=RSS http://www.menafn.com/menafn/1093636925/Saudi-Food-hospitality-show-draws-400-companies-from-17-countries?src=RSS (MENAFN - Arab News) The 18th edition of Saudi Food & Hotel and Hospitality 2013 opened yesterday, highlighting the importance of the region's annual food and hospitality trade event. This ... http://www.menafn.com Mon, 20 May 2013 01:02:24 GMT http://www.menafn.com/menafn/1093636924/Yahoo-agrees-to-acquire-Tumblr-for-USD1.1b-Report?src=RSS http://www.menafn.com/menafn/1093636924/Yahoo-agrees-to-acquire-Tumblr-for-USD1.1b-Report?src=RSS (MENAFN) The board of Yahoo Inc is said to have agreed the purchase of Tumblr, the blogging and social networking site, reported Reuters citing the Wall Street Journal. According to WSJ report, ... http://www.menafn.com Mon, 20 May 2013 12:57:55 GMT http://www.menafn.com/menafn/1093636918/--Grant-Thornton-hosts-meet-for-ME-partners?src=RSS http://www.menafn.com/menafn/1093636918/--Grant-Thornton-hosts-meet-for-ME-partners?src=RSS (MENAFN - Muscat Daily) Grant Thornton Middle East organised a regional meeting on Thursday at the Grand Hyatt Muscat. Partners and senior management members from regional firms attended the ... http://www.menafn.com Sun, 19 May 2013 12:22:38 GMT http://www.menafn.com/menafn/1093636917/--Services-scrips-shine-amid-cautious-trading?src=RSS http://www.menafn.com/menafn/1093636917/--Services-scrips-shine-amid-cautious-trading?src=RSS (MENAFN - Muscat Daily) Cautious post-first-quarter-results trading pulled down local volume and turnover to below year-to-date average levels. The Muscat Securities Market general index inched up ... http://www.menafn.com Sun, 19 May 2013 12:22:38 GMT http://www.menafn.com/menafn/1093636916/--Rotana-Resort-to-expand-sultanates-tourism-offerings?src=RSS http://www.menafn.com/menafn/1093636916/--Rotana-Resort-to-expand-sultanates-tourism-offerings?src=RSS (MENAFN - Muscat Daily) The sultanate's Ministry of Tourism, Orascom Hotels and Developments and Rotana, the leading hotel management company in the Middle East and Africa, have announced that the ... http://www.menafn.com Sun, 19 May 2013 12:22:37 GMT http://www.menafn.com/menafn/1093636915/--Ahlibank-seeks-more-time-to-close-Taageer-acquisition?src=RSS http://www.menafn.com/menafn/1093636915/--Ahlibank-seeks-more-time-to-close-Taageer-acquisition?src=RSS (MENAFN - Muscat Daily) Ahlibank, which signed a memorandum of understanding (MoU) with Taageer Finance Co for a possible acquisition, has completed the due diligence but has sought an extension, ... http://www.menafn.com Sun, 19 May 2013 12:22:37 GMT http://www.menafn.com/menafn/1093636914/--Mirbat-power-water-project-inaugurated?src=RSS http://www.menafn.com/menafn/1093636914/--Mirbat-power-water-project-inaugurated?src=RSS (MENAFN - Muscat Daily) The RO385mn Mirbat Power Production and Water Desalination project was inaugurated on Sunday under the auspices of H E Sayyid Mohamed bin Sultan al Busaidi, Minister of State ... http://www.menafn.com Sun, 19 May 2013 12:22:37 GMT http://www.menafn.com/menafn/1093636897/New-Products-from-Ciena-Enable-ME-Operators-to-Packetize-Optical-Networks-to-Manage-Surging-Demands-for-Ethernet-Services?src=RSS http://www.menafn.com/menafn/1093636897/New-Products-from-Ciena-Enable-ME-Operators-to-Packetize-Optical-Networks-to-Manage-Surging-Demands-for-Ethernet-Services?src=RSS (MENAFN Press) Ciena® Corporation (NASDAQ: CIEN), the network specialist, todayintroduced significant new packet capabilitiesfor its6500 Packet-Optical Platform in the Middle East.New E-Suite ... http://www.menafn.com Sun, 19 May 2013 09:04:34 GMT http://www.menafn.com/menafn/1093636894/Maersk-net-profit-sales-down-Q1?src=RSS http://www.menafn.com/menafn/1093636894/Maersk-net-profit-sales-down-Q1?src=RSS (MENAFN) Danish conglomerate A.P. Moeller-Maersk reported a decline in quarterly net profits and sales, reported AFP. This decline was due to the weak economic growth in North America and ... http://www.menafn.com Sun, 19 May 2013 08:46:29 GMT http://www.menafn.com/menafn/1093636893/US-Bechtel-revenue-up-15-2012?src=RSS http://www.menafn.com/menafn/1093636893/US-Bechtel-revenue-up-15-2012?src=RSS (MENAFN) Bechtel said that its revenue increased by 15 percent last year, reaching USD37.9 billion, reported The Peninsula. In the period, contract awards stood at USD23.9 billion. Bill ... http://www.menafn.com Sun, 19 May 2013 08:45:31 GMT http://www.menafn.com/menafn/1093636886/Jordan-int@j-Holds-ICT-Members-Support-Event;-Financing-&-Technical-Support-Programs-?src=RSS http://www.menafn.com/menafn/1093636886/Jordan-int@j-Holds-ICT-Members-Support-Event;-Financing-&-Technical-Support-Programs-?src=RSS (MENAFN Press) The Information and Communications Technology Association of Jordan- int@j is arranging an "ICT Members Support Event" to present the main national "Financing & Technical Support ... http://www.menafn.com Sun, 19 May 2013 08:23:01 GMT http://www.menafn.com/menafn/1093636879/Oman-Galfar-Engineering-secures-USD38.85m-contract?src=RSS http://www.menafn.com/menafn/1093636879/Oman-Galfar-Engineering-secures-USD38.85m-contract?src=RSS (MENAFN) Galfar Engineering and Contracting Company's chairman, Sheikh Salem Al Araimi, announced that the Omani company has secured a 2-year USD38.85 million contract, reported Times of ... http://www.menafn.com Sun, 19 May 2013 08:11:37 GMT http://www.menafn.com/menafn/1093636877/dus-Leadership-Series-presents-eminent-thoughtleader-and-bestselling-author-Malcolm-Gladwell-at-CEO-Forum-2013?src=RSS http://www.menafn.com/menafn/1093636877/dus-Leadership-Series-presents-eminent-thoughtleader-and-bestselling-author-Malcolm-Gladwell-at-CEO-Forum-2013?src=RSS (MENAFN Press) As part of its Leadership Series, du is hosting well-known global thought-leader and multiple best-selling author Malcolm Gladwell on 22 May in an exclusive CEO Forum-event in Dubai. ... http://www.menafn.com Sun, 19 May 2013 08:02:33 GMT http://www.menafn.com/menafn/1093636864/Dell-posts-79-plunge-Q1-net-income?src=RSS http://www.menafn.com/menafn/1093636864/Dell-posts-79-plunge-Q1-net-income?src=RSS (MENAFN) Dell Inc. CFO, Brian Gladden, announced that the company's net income plunged by 79 percent in the first quarter of the current fiscal year to USD130 million, from USD635 million a year ... http://www.menafn.com Sun, 19 May 2013 07:09:25 GMT http://www.menafn.com/menafn/1093636848/Polands-LLP-to-open-10-stores-ME-2014?src=RSS http://www.menafn.com/menafn/1093636848/Polands-LLP-to-open-10-stores-ME-2014?src=RSS (MENAFN) LLP deputy chief executive, Dariusz Pachla, announced that by next year, the Polish retailer will launch 10 outlets in the Middle East, reported Arabian Business citing the Warsaw Business ... http://www.menafn.com Sun, 19 May 2013 04:22:44 GMT http://www.menafn.com/menafn/1093636797/GB-Energy-granted-exploration-licence-on-Stuart-Shelf-South-Australia?src=RSS http://www.menafn.com/menafn/1093636797/GB-Energy-granted-exploration-licence-on-Stuart-Shelf-South-Australia?src=RSS (MENAFN - ProactiveInvestors - Australia) GB Energy (ASX:GBX) has been granted exploration licence EL 5231 on the Stuart Shelf by the South Australian Department of Manufacturing, Trade, Resources ... http://www.menafn.com Sun, 19 May 2013 02:32:13 GMT http://www.menafn.com/menafn/1093636788/US-Airlines-decrease-total-losses-to-USD552m-Q1?src=RSS http://www.menafn.com/menafn/1093636788/US-Airlines-decrease-total-losses-to-USD552m-Q1?src=RSS (MENAFN) Airlines for America, the industry's lobbying group, stated that the US airlines decreased the dept by charging more fees and enhancing their performance during the first quarter, reported ... http://www.menafn.com Sun, 19 May 2013 02:27:46 GMT http://www.menafn.com/menafn/1093636776/Qatar-Holding-may-invest-Versace-Report?src=RSS http://www.menafn.com/menafn/1093636776/Qatar-Holding-may-invest-Versace-Report?src=RSS (MENAFN) Qatar Holding is said to be eying an investment in Versace, the famous Italian fashion house, reported Reuters citing Italian daily Il Sole 24 Ore. According to the report, Qatar ... http://www.menafn.com Sun, 19 May 2013 02:20:23 GMT http://www.menafn.com/menafn/1093636758/UAE-SCLG-eyes-over-100-countries-2020?src=RSS http://www.menafn.com/menafn/1093636758/UAE-SCLG-eyes-over-100-countries-2020?src=RSS (MENAFN - Khaleej Times) Supply Chain and Logistics Group, or SCLG, plans to strengthen its position in supply chain and logistics industry and aims to target over 100 countries by year 2020, its ... http://www.menafn.com Sun, 19 May 2013 02:08:31 GMT http://www.menafn.com/menafn/1093636755/Tejar-Dubai-launched-to-hone-national-talent-support-SMEs?src=RSS http://www.menafn.com/menafn/1093636755/Tejar-Dubai-launched-to-hone-national-talent-support-SMEs?src=RSS (MENAFN - Khaleej Times) Shaikh Majid bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Culture and Arts Authority, has launched an entrepreneur development programme to hone national talent ... http://www.menafn.com Sun, 19 May 2013 02:06:10 GMT http://www.menafn.com/menafn/1093636753/Dubai-businesses-upbeat?src=RSS http://www.menafn.com/menafn/1093636753/Dubai-businesses-upbeat?src=RSS (MENAFN - Khaleej Times) A majority of businesses, especially small and medium enterprises (SMEs), in Dubai expects higher growth in revenues and profits for the second quarter of the year, a latest ... http://www.menafn.com Sun, 19 May 2013 02:04:41 GMT http://www.menafn.com/menafn/1093636707/France-posts-2-fall-Aprils-new-registered-firms?src=RSS http://www.menafn.com/menafn/1093636707/France-posts-2-fall-Aprils-new-registered-firms?src=RSS (MENAFN) The French national statistics bureau Insee stated that the number of new companies registered in April fell by 2 percent from a month before to 46,432, reported Xinhua News. The agency ... http://www.menafn.com Sun, 19 May 2013 01:35:55 GMT http://www.menafn.com/menafn/1093636693/Saudi-Leading-Muslim-architect-tapped-for-metro-project?src=RSS http://www.menafn.com/menafn/1093636693/Saudi-Leading-Muslim-architect-tapped-for-metro-project?src=RSS (MENAFN - Arab News) The ArRiyadh Development Authority has tapped the world's leading Muslim architect Zaha Hadid to design its metro station at the King Abdullah Financial District in Riyadh. ... http://www.menafn.com Sun, 19 May 2013 01:29:30 GMT http://www.menafn.com/menafn/1093636689/Cyprus-loosens-restrictions-on-8-foreign-banks?src=RSS http://www.menafn.com/menafn/1093636689/Cyprus-loosens-restrictions-on-8-foreign-banks?src=RSS (MENAFN) Cyprus finance ministry stated that it has loosened restrictions on 8 more foreign banks, reported Xinhua News. The ministry said that the banks were exempted from the restrictions ... http://www.menafn.com Sun, 19 May 2013 01:26:09 GMT http://www.menafn.com/menafn/1093636686/Qatari-banks-net-profit-rises-to-USD-4.4-billion?src=RSS http://www.menafn.com/menafn/1093636686/Qatari-banks-net-profit-rises-to-USD-4.4-billion?src=RSS (MENAFN - Arab News) The banking system in Qatar has been robust, with a compounded annual growth rate (CAGR) of 20 percent in assets from March 2008 - March 2012 and another 20 percent in the year ... http://www.menafn.com Sun, 19 May 2013 01:21:25 GMT