Monday, 13 September 2010 12:32 GMT
Analysts mixed after shares close at $26.13
Facebook still boasts 1.1bn users
Washington – ArabstodayA year after a nightmarish share offering, Facebook still has its ardent backers and detractors. The world's biggest social network, which now has more than 1.1 billion users, has managed to boost its Read more...
Imports still plunge 15% amid recession
Spain struggles to stay afloat
Madrid – ArabstodaySpain announced Friday its first monthly trade surplus since 1971 as imports slumped because of a collapse in demand in the midst of a recession and record unemployment. The eurozone's fourth biggest Read more...
Fresh demand from Asian market explodes
Australia’s 1.56-carat Argyle Phoenix
Sydney – ArabstodayRio Tinto said Friday it was putting up for sale the biggest "red" diamond ever produced by its Australian mine amid an "explosion" in demand from Asia for the rare pink-hued stones. The Argyle Phoenix, a 1.56 carat Read more...
Sovereign wealth fund eyes ‘prestigious’ plans
Greenlight for €2bn construction project
Rome – ArabstodayQatar's sovereign wealth fund has bought a 40-percent stake in a new 290,000-square metre skyscraper project near the centre of Milan with a commercial value of €2.0bn ($2.6bn), the companies said Read more...
Inflation slows growing wage acceleration
Wage hikes losing speed
Beijing – ArabstodayChina's private sector wages in urban areas grew 17.1 percent in 2012, official figures showed Friday, even as the country's economy expanded at its slowest pace in 13 years. Average urban pay in private companies Read more...
Motammer adviser claims MB sidelines youth, unemployed
Soweliam blames BM for disaffected youth
Cairo - Hany BadreldinEgypt has not witnessed a single improvement in its economic development since the ascent of President Mohammed Morsi, according to former presidential candidate Amr Moussa’s adviser Ashraf Read more...
Sellal criticises 'useless' policy for joblessness
Sellal criticises ‘useless’ policy
Algiers - Sufian Si YusufAlgerian Prime Minister Abdelmalek Sellal has suggested the North African country should capitalise on the ongoing economic crisis by expanding its industrial sector, during meetings with economic officials in Algiers. Read more...
High Court rules out illegality of ‘sweetheart’ tax deal
Campaigners ‘disappointed’ by result
London – ArabstodayBritain's High Court on Thursday rejected a challenge by a campaign group over the legality of a so-called "sweetheart" tax deal between British tax authorities and US investment banking giant Goldman Sachs. Campaigners UK Uncut Legal Action claimed that Read more...
Ministers cheer ‘success’
China offers way round boycott
Khartoum - Abedalgoum AshmeagSudan’s Finance Minister Abdulrahman Dhirar has hailed his now completed delegation to China as “successful.” The visit comes amid growing economic ties and cooperation between Sudan and China. Bilateral meetings in Beijing discussed export and import issues, the minister said in a statement. “The visit also focused on developing Read More...
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