In Tuesday's South Asia/Middle East papers

15 May 2007 06:00  [Source: ICIS news]

MUMBAI (ICIS news)--These were the top stories at 06:00 GMT in the following South Asia/ Middle-East newspapers’ online versions on Tuesday. To go to the individual websites, click the links below:

 

The Times of India

Front Page

 

UK 'chikus' head for India to build new life

First, there were the ‘coconuts’—brown on the outside and white on the inside—that almost-mocking metaphor of choice for second-generation Indians in the West. Now, there are the ‘chikus’—brown on the outside, a lighter brown within—determinedly reversing the immigration flow to make their homes, and hopefully their fortunes, in the India their parents left half-a-century ago.

 

US consulate says sorry, to home-deliver Amte's visa

The American consulate in Mumbai has regretted rejecting the visa application of social worker and Padma Shri awardee Prakash Amte, following a report in TOI on Monday. Dr Prakash Amte, son of Baba Amte, had applied for a US tourist visa for himself and his wife, Dr Mandakini, on Saturday, but consular officials turned it down, saying their income was too low.

 

Business

 

Salons new shops for beauty products

Quick question: When are you more likely to pick up a top-end hair mousse — off the shelf from your neighbourhood departmental store or when recommended by your stylist on a salon visit? The answer is fairly simple. Call it expert's recommendation or fear-induced purchase, but nothing works more convincingly than a stylist's word. Brands are increasingly beginning to realise the power of expert opinion and are leveraging with salons and parlours like never before.

 

Coal India eyes Canada JV

Public sector behemoth Coal India (CIL) is exploring opportunities to acquire steelgrade-coking coalmines in Canada through joint venture route. The company will go ahead with its Canada plan once it gets assurance from SAIL and Rashtriya Ispat Nigam Ltd (RINL). SAIL is now testing a small consignment of Canadian coking coal. If the grade is found satisfactory for Indian steel firms, then CIL will bid for mines in Canada, which could well be the first overseas project of Coal India.

  

The Economic Times

Front Page

 

Purolite of US files espionage suit against Thermax

The Aga family-controlled Thermax is facing a corporate espionage suit from US water treatment company Purolite. The Philadelphia-based $2m (€1.4m) company has sued Thermax and a team of senior executives, who worked with Purolite earlier, for allegedly “stealing intellectual property”.

 

Govt plans to build a shield for temps

The government is planning to enact a legislation that will regulate the practice of employing temporary staff. The proposed legislation is likely to ensure medical benefits and insurance cover for the employees.

 

Khaleej Times

Front Page

 

Iran vows severe response if attacked

Iranian President Mahmoud Ahmadinejad has warned the US against attacking his country and said that Iran will retaliate "strongly" in such an event.

 

100 drugs 'vanish' from market
Nearly 100 essential registered medicines have disappeared from the shelves of private pharmacies, as the distributors were not happy with the profit margins they were earning, a senior drug official has disclosed.

  

Business

 

Dirham's peg with dollar to stay, says IMF
Raising the possibility of a protracted period of high imported inflation in the UAE as the dirham continues to decline against most Asian and European currencies, the International Monetary Fund yesterday ruled out the depegging of Gulf currencies from a steadily falling US dollar until 2010.

 

Plasterboard plant to be set up in Abu Dhabi
Sultan International Holding and Saint-Gobain Gypsum has announced the establishment of a new plasterboard plant in Abu Dhabi.

 

Times of Oman

Front page

 

HM hosts’ dinner for Ahmadinejad

His Majesty Sultan Qaboos bin Said hosted an official dinner at Al Alam Palace Guest House yesterday evening in honour of Dr Mahmoud Ahmadinejad, president of the Islamic Republic of Iran, and the delegation accompanying him.

 

HM rolls out red carpet for Iranian president

His Majesty Sultan Qaboos bin Said and Dr Mahmoud Ahmadinejad, president of the Islamic Republic of Iran, held an official session of talks at Al Alam Palace here yesterday evening.

 

Business

 

Seminar on IT security, business continuity plans

KPMG held an Information Security and Business Continuity conference to present the findings of a survey carried out in Oman and the UAE at Shangri-La’s Barr Al Jissah Resort & Spa yesterday.

 

Daimler, Chrysler dream wedding ends in divorce

Daimler ended a nine-year marriage with Chrysler and said goodbye Monday by agreeing to sell the loss-making US firm for just a fraction of its original purchase price.

 

Arab Times

Front Page

 

Kuwaiti woman opens store for second-hand designer items  

A Kuwaiti woman has opened the first second-hand store-selling top of the range designer clothes and accessories. Shafeeqa Al-Ali Al-Mutawa told KUNA such second-hand stores are very popular abroad.

 

Kuwait cuts redo as IMF urges no revaluation; Inflation rises on housing,

Kuwait cut its repurchase rate for the second time in six weeks on Sunday in what appeared to be its latest move to deter speculators betting on an appreciation of the oil exporter’s dollar-pegged dinar currency.

 

Business

 

GCC ‘economies’ to grow at slightly slower pace in 2007;

Gulf must keep spending, says The Gulf oil-producing economies are expected to grow at a slightly slower pace in 2007 as oil prices and output drop but will remain resilient to shocks, the International Monetary Fund

 

Gulf’s top governors, officials to debate hurdles in banking industry; NBK confab to discuss opportunities in GCC banking  

National Bank of Kuwait (NBK) in cooperation with Gulf Cooperation Council (GCC) Secretariat-General and the Central Bank of Kuwait (CBK) are organizing the 8th GCC Banking Conference

 

Dawn

Front Page

 

Countrywide shutdown: Outrage over Karachi killings? Enthusiastic response to oppositions strike call

A sense of anger and grief was more than evident on the streets across the country on Monday, as most businesses and shops from Khyber to Karachi remained closed. In many cities and towns, public transport remained off the road, bringing normal life to a halt on what was supposed to be the first working day of the week.

 

Judge opts out of bench hearing CJs petition

The 14-member full court formed to rule on a set of identical petitions against the removal of Chief Justice Iftikhar Mohammad Chaudhry had a dramatic start here on Monday when one of the 14 judges declined to sit on the bench.

 

Business

 

Exporters urged to follow rules on pre-shipment

Exporters are yet to develop and adopt a mutual code of conduct for the implementation of a pre-shipment inspection scheme designed by the Pakistan Horticulture Development and Export Board (PHDEB) to save the country's agricultural exports from ban by other countries by ensuring good quality.

Textile exporters misuse taxpayers’ money

The government has provided more than $2m (€1.4m) taxpayers money as cash subsidy to textile exporters for increasing just $1bn (€0.75bn) export of knitwear and readymade garments during the last two years

 

Business Recorder

Front Page

 

Media watchdog says MQM attacked Business Recorder; Aaj TV
Monday condemned an attack on the offices of a television channel and a leading English newspaper amid violent political protests in Karachi.

 

US gives assurances on funds for Palestinians
The United States has offered new assurances that providing money to the Palestinian Liberation Organization will not violate US financial sanctions, a senior US official said on Monday.

 

Business

 

'Exports to traditional markets remain marginal'
Country's exports to its traditional markets North America, European Union and Middle East remained marginal in first eight months of current financial year, region-wise export figures said. Although Pakistan could not post high growth in its export to these markets.

 

Provinces asked to develop revenue generation mechanism
Identifying energy security, proper use of human resource and infrastructure development as major challenges to national economy, Minister of State for Finance, Omar Ayub Khan, has asked the provinces to develop revenue generation mechanism apart from improving their performances at micro levels.

By: Staff Reporter
+44 20 8652 3214

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