16 July 2007 06:00 [Source: ICIS news]
MUMBAI (ICIS news)--These were the top stories at 05:00 GMT in the following South Asia/Middle East newspapers’ online versions on Monday. To go to the individual websites, click the links below:
Forget borders; let’s make LoC a line of peace: PM
Ruling out redrawing of borders in Jammu & Kashmir, Prime Minister Manmohan Singh said on Sunday that the Line of Control (LoC) could become a “line of peace’’ with a free flow of ideas, goods, services and people. The borders cannot be changed (but) they can be made irrelevant and the LoC can become the ‘line of peace’ the PM said.
Two suicide bombers target Pak forces, kill 41
At least 41 people were killed in northwest
American ‘Sicko’ can reach out to
Michael Moore’s latest film Sicko is a scalding indictment of the American healthcare system, which has been exploited by rapacious medical insurance companies and Big-Pharma. You can’t help feeling sick after watching the movie.
GSM industry split over 3G spectrums
The 3G spectrum controversy is taking a dramatic turn with former GSM allies Bharti, Essar Vodafone (earlier Hutch) and Idea now taking different positions. This division is among
The Economic Times
Mallya may go for 51% of Air
The United Breweries group (UB) could strengthen its position in Air Deccan by raising its stake in the low-cost carrier to 51% in the next few months, making the price-warrior a subsidiary of the group. The Bangalore-based liquor conglomerate, which runs Kingfisher Airlines, bought a 26% stake in Air Deccan in early June and is on schedule to make an open offer for 20% more next week.
Bajaj sets sights on Ducati, Triumph
Two-wheeler major Bajaj Auto is looking for a big-ticket European acquisition in the motorcycle market. Industry sources said cult bike companies Ducati of Italy and Triumph of the
Canadian loses appeal in drug offence case
The Dubai Court of Appeal in a concurring judgement sentenced Canadian national, Bert Tatham, yesterday to four years in jail followed by deportation on charges of possession and consumption of hashish. Thirty-five-year-old Tatham was an international adviser with the Poppy Elimination Programme in
Temporary job permits from September
From September 2007 onwards, the Ministry of Labour (MoL) will start issuing ‘temporary job permits’ to enable companies to hire workers for a short period of time. The temporary job permits, the duration of which has not been specified yet, will curb the tendency of some companies to hire workers on visit visas.
IDB unit sets $225m capitalisation target
The board of directors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group (IDB), last week decided to increase the organisation's current capitalisation by 50% from about $150m (€108m) to $225m, the ICIEC's general manager, Abdel Rahman Taha, said yesterday in
The Gulf Cooperation Council (GCC) has invested more than 55% of its current account surplus of $542bn (€390m) accumulated through 2002-2006 in the United States, while Europe attracted 18%or $100bn of the oil-rich region's surplus fund, a report by Institute of International Finance (IIF) said.
Minister warns of huge losses; ‘Don’t delay KAC privatization’
Minister of State for Housing Affairs, acting Minister of Communications and acting Minister of State for National Assembly Affairs, Abdulwahed al-Awadhi, has warned against delaying the privatization of Kuwait Airways Corporation (KAC) and said “any further delay will result in losses to the tune of millions of dinars,” reports Al-Anba daily.
Islamic teacher, railroad employee gunned down in
An Islamic teacher who helped Thai authorities was shot dead and his wife seriously wounded Sunday in
Oil industry needs new, progressive management; Oil reserves: real, hard data
Saudi shares close higher for 3rd trading day; MTC shares fall
Mobile Telecommunications Co (MTC) said on Saturday its second-quarter net profit fell 1%, a smaller decline than previously reported, after restating earnings for the comparative quarter last year. Shares of the second-largest Gulf Arab telecom firm by market value are down by the maximum allowed after the firm reported its first decline in quarterly profit in more than two years on Friday, missing analyst forecasts.
Settlement reached in LA clergy abuse case: lawyer
The Roman Catholic Church in
US backed Musharraf after tribal leaders scraped peace pact
Corporate entities to provide details of accounts and practices: proposed competition
The proposed 'Competition Commission' would be empowered to seek detailed information pertaining to accounts, management and business and trade practices, etc, from corporate entities for carrying out investigation.
BoI for setting up of FIC to boost investment: proposal sent to Prime Minister
The Board of Investment (BoI) has proposed the setting up of Foreign Investors Council (FIC) with a view to make Pakistan the most lucrative destination for investment, and enhance the country's competitiveness in the global markets, official sources told Business Recorder.
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