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Monday, 13 September 2010 12:32 GMT
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Analysts mixed after shares close at $26.13
Facebook outlook remains muddled 1 year after IPO
Facebook still boasts 1.1bn users
Washington – Arabstoday
A 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 records 1st monthly trade surplus since 1971
Spain struggles to stay afloat
Madrid – Arabstoday
Spain 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
Rio Tinto offers up biggest ever Australian ‘red’ diamond
Australia’s 1.56-carat Argyle Phoenix
Sydney – Arabstoday
Rio 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
Qatar buys 40% stake in new Milan skyscraper project
Greenlight for €2bn construction project
Rome – Arabstoday
Qatar'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
China upped urban private sector wages 17% in 2012
Wage hikes losing speed
Beijing – Arabstoday
China'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
Opposition politician criticises Egypt’s economic development
Soweliam blames BM for disaffected youth
Cairo - Hany Badreldin
Egypt 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
Algeria PM demands rejuvenated industrial sector
Sellal criticises ‘useless’ policy
Algiers - Sufian Si Yusuf
Algerian 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
UK Uncut campaign loses challenge against Goldman Sachs
Campaigners ‘disappointed’ by result
London – Arabstoday
Britain'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 pledges ties with Sudan
China offers way round boycott
Khartoum - Abedalgoum Ashmeag
Sudan’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...Arab Business
International Business
Video
Companies
Yahoo!'s board has approved a deal to purchase the popular blogging platform Tumblr for $1.1 billion in cash, The Wall Street Journal reported Read More...
Consulting firm Accenture said it would buy Chicago start-up marketing firm Acquity Group for $316 million or $13 per share, more than double its Read More...
Apple and US lawmakers are gearing up for a showdown over taxes -- specifically how to deal with the huge stockpile of cash held Read More...
Oil and Gas
Oil prices extended rally Friday on upbeat U.S. economic data as well as positive performance in U.S. commodity markets.
U.S. consumer confidence surged to a six-year high in May thanks to a rising stock market and cheaper gas prices, the monthly Thomson Reuters/University Read More..
Crude oil prices climbed toward $96 per barrel in New York Friday with an extended equities rally returning to Wall Street after a one-day pause.
Traders are also sensing that bad news is good news.
Many investors see a recent dip in economic expectations Read More..
Real Estate
Stock Markets
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Hot Topics
EgyptAir Ground Services encumbered heavy losses estimated at millions of pounds over the nine-hour strike staged by its workers at Cairo Airport.
The company's workers staged Read More..
Three Foxconn workers have committed suicide at a factory in China in the past three weeks, state media and a labour rights group said Saturday.
All Read More..
Blogs
Shima Essam
Sundeep Oberoji
Markets
The Qatar Exchange in the green area Sunday adding 92.53 points (or 1.04%) to advance to 9,009.43 points from Read more...
The indices at Kuwait Stock Exchange (KSE) ended Sunday's trading on the green board as the weighted index gained Read more...
The Al-Quds Index of the Palestine Exchange (PEX) began the week’s trading on Sunday at 453.53 points, up by Read more...
Special Reports
A top U.S. Senate Democrat said Congress should expand its focus on the Internal Revenue Service and examine the use of non-profit groups Read More..
Turkey's Independent Industrialists' and Businessmen's Association (MUSIAD) will visit north Africa between June 3 and 6.
The visit coordinated by Turkish Economy Ministry, will Read More..
There is no shortage of cash or credit in Angola -- Africa's second oil producer -- but the struggle small businesses face to get Read More..
