Archive
 
Show News in Date :  
Month :  
Year :  
News Type :  
Section :  
UAE sees no need to reduce oil output after Saudi cut
16 Jan 2013 18:48

UAE sees no need to reduce oil output after Saudi cut

The United Arab Emirates does not see the need to cut oil production, the UAE's oil minister said after being asked whether his country would follow Saudi Arabia's big reduction in output in late 2012."No. At the moment we are just producing the way we are," Mohammed Al-Hamli told journalists ...

 
Germany’s economic growth slashes in 2012
15 Jan 2013 18:45

Germany’s economic growth slashes in 2012

New figures show that Germany's economic growth rate slashed to 0.7 percent in 2012 compared to the same economic index the previous year.

 
60% of loans to unemployed become overdue
14 Jan 2013 18:51

60% of loans to unemployed become overdue

About 60 percent of the loans extended under a government scheme to assist the unemployed have not been repaid on schedule as of the end of last March, according to the Health, Labor and Welfare Ministry.About 4.85 billion yen of the loans became due by the end of March, but about 2.93 billion yen of ...

 
Up to 50 percent of all food on Earth left uneaten
13 Jan 2013 16:51

Up to 50 percent of all food on Earth left uneaten

No one eats nearly a half of all food – from 30% to 50% – grown and produced in the world, which is almost 2 billion tons a year, experts from the British Society of Mechanical Engineers said in their study, according to the BBC.Excess food appears as a result of a combination of several ...

 
Doctors in Spain protest privatization, austerity measures
8 Jan 2013 19:36

Doctors in Spain protest privatization, austerity measures

Thousands of doctors and health workers have staged a protest in the Spanish capital to express discontent with plans by the regional government of Madrid for the privatization of healthcare services and austerity cuts.The demonstrators took to the streets in central Madrid on Monday, carrying banners ...

 
Aramco to step up search for gas
7 Jan 2013 18:21

Aramco to step up search for gas

Saudi Aramco will step up its efforts to explore and develop more gas wells across the Kingdom to meet the requirements of electric power generation, Petroleum and Mineral Resources Minister Ali Al-Naimi said yesterday.“Custodian of the Two Holy Mosques King Abdullah has given instructions to ...

 
Umrah Plus projected to earn SR 150 million
7 Jan 2013 18:19

Umrah Plus projected to earn SR 150 million

The Umrah Plus program costs 25 percent more than the regular Umrah program, but will earn around SR 150 million during the first phase of its implementation alone, said program supervisors.Makkah is witnessing a steady growth in Umrah Plus pilgrims from outside Saudi Arabia. The program also includes ...

 
Oldest Swiss bank closes after US tax evasion guilty plea
5 Jan 2013 15:57

Oldest Swiss bank closes after US tax evasion guilty plea

Switzerland’s oldest private bank, Wegelin, has announced it would “cease to operate as a bank,” following its admission to tax-law violations in the US.­Wegelin released a statement late on Thursday confirming its closure “once the matter is finally concluded.”The Swiss bank agreed ...

 
Saudi`s Tabuk runs out of gas cylinders
1 Jan 2013 16:35

Saudi`s Tabuk runs out of gas cylinders

Tabuk residents expressed anger over continuous gas cylinder shortages every Saturday night.Okaz/Saudi Gazette monitored the closure of many gas cylinders shop, and confirmed an inability of shops to meet demand.Mohammad Al-Sayeg, Director of the Ministry of Commerce branch in Tabuk, however insisted ...

 
Egypt gets $500m from Qatar, says $500m from Turkey soon
30 Dec 2012 15:19

Egypt gets $500m from Qatar, says $500m from Turkey soon

Egypt has received a final $500 million instalment of funds promised by Qatar and will get another $500 million from Turkey at the end of January, its finance minister said, in the latest aid to help balance its budget and defend its currency. Egypt has been facing a financial crisis as a month of political ...

 
French unemployment rate hits almost 15-year high
29 Dec 2012 17:04

French unemployment rate hits almost 15-year high

New statistics show that the French unemployment rate has risen consecutively over the past 19 months, hitting an almost 15-year high.According to the figures released by the French Ministry of Labor on Thursday, an additional 29,300 people were without a full-time job in November, an increase of 0....

 
Satellite Wars: China unveils ‘cheaper’ answer to GPS
28 Dec 2012 18:32

Satellite Wars: China unveils ‘cheaper’ answer to GPS

China’s rapidly-expanding rival to GPS, called BeiDou, has become available to customers across Asia-Pacific for the first time. It aims to claim a fifth of the satellite services market in the region in just three years.Previously, the satellite constellation was only used by the country's military ...

 
China tightens loophole on hiring temporary workers
28 Dec 2012 18:24

China tightens loophole on hiring temporary workers

China amended its labor law on Friday to ensure that workers hired through contracting agents are offered the same conditions as full employees, a move meant to tighten a loophole used by many employers to maintain flexible staffing.

 
Poll: Economic, social issues top security ones for Israeli voters
26 Dec 2012 18:27

Poll: Economic, social issues top security ones for Israeli voters

A poll taken on behalf of the Labor Party indicates that voters are more concerned with economic issues than they are with security issues.

 
Ukraine to get $3.7 Bln loan From China
26 Dec 2012 18:22

Ukraine to get $3.7 Bln loan From China

Ukraine’s national energy company Naftogaz will receive a $3.7 billion loan from China to finance a program to substitute gas with coal, the Ukrainian government’s press office said on Wednesday.“On December 25, 2012, a loan agreement between Natfogaz and State Development Bank of ...

 
Hollywood studios employees caught pirating films
26 Dec 2012 18:15

Hollywood studios employees caught pirating films

The US movie industry claims online piracy is costing it billions of dollars in lost revenues. However, data released by TorrentFreak shows “BitTorrent piracy is rampant in Hollywood” where studios employees are busy pirating films.­“Hollywood isn’t without ‘sin’ when ...

 
BBC to face scrutiny over controversial pay-offs to managers
26 Dec 2012 18:13

BBC to face scrutiny over controversial pay-offs to managers

The British Broadcasting Corporation (BBC) is to face investigation after giving nearly 200 managers payoffs of over £100,000 each in the past three years.The National Audit Office (NAO) will examine severance payments at the corporation after it faced heavy criticisms, saying that leaving the ...

 
Gap between rich, poor widens in Germany: Report
23 Dec 2012 16:06

Gap between rich, poor widens in Germany: Report

A recent report says that the number of people at risk of poverty has reached a record high in Germany.

 
Poll: Are Singaporeans least happy?
21 Dec 2012 18:06

Poll: Are Singaporeans least happy?

Perhaps money can't buy happiness. A recent Gallup report shows that Singapore's wealthy population is the unhappiest -- less happy than the populations of Iraq, Haiti, Afghanistan, and Syria.Singaporeans were least likely to report having positive emotions-- despite the fact that they enjoy one of ...

 
Hunger and homelessness rise in U.S. cities
21 Dec 2012 18:04

Hunger and homelessness rise in U.S. cities

Across the United States, the number of hungry and homeless people is growing, and budget fights at the federal level are threatening the aid many need to survive, the U.S. Conference of Mayors said on Thursday.Amidst the holiday season of family feasts and corporate dinners, the mayors released a report ...