In Tuesday's South Asia/Middle East papers

17 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 Tuesday. To go to the individual websites, click the links below:


The Times of India

Front Page


Haneef was in frequent contact with UK terror suspects
Indian doctor Mohamed Haneef, charged with supporting a terrorist organisation, was in frequent and extensive contact with two men at the centre of Britain's car-bomb plot on the eve of their failed terror attacks, a media report said on Tuesday.


Magistrate who granted bail to Haneef has anti-police image
For Queensland Magistrate Jacqui Payne, it is not the first time she has found herself out of step with the police when she granted bail to Indian doctor Mohammed Haneef in a case relating to charges of supporting a terrorist organisation.




Just July, and FII inflows top 2006 volume
A booming economy and good corporate results are attracting top dollars. Sebi data shows that just seven months into 2007, foreign institutional investors (FIIs) have pumped in $8.44bn into the stock market.


Luxury hotels thriving on their gardens
When matrimony struck Bollywood stars Aishwarya Rai and Abhishek Bachchan, the flower beds at Bangalore's The Leela Palace Kempinski swung into action. The Heliconia flower was much in demand at the Bachchan household and the hotel which grows five varieties of lobster-claw had batches arranged to be sent to Juhu.


The Economic Times

Front Page


DLF IPO The untold story

All’s well that ends well. The cliche holds true for what is now India’s biggest real estate company DLF, which listed on the bourses last week. Soon after listing, the company became the eighth most valuable in the country and its promoters,  K P Singh and family are now the fourth wealthiest Indians behind the Ambani brothers and Sunil Mittal. But people who followed the issue carefully know it was one of the most tumultuous IPOs in recent times.


Birlas & Tatas won't call a truce over Idea

More than a year after the Tatas exited the AV Birla group-controlled Idea Cellular, the company has held its erstwhile joint venture partner responsible for the delay in its expansion plans even as the Tatas were able to roll out CDMA-based mobile services taking advantage of a temporary window to upgrade to the Universal Access Service Licence (UASL).


Khaleej Times

Front Page


UAE, Syria enter new era of ties
The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan and his host, Syrian President Bashar Al Assad, held official talks at the People’s Palace here yesterday.

During the meeting, which was held in the presence of Minister for Presidential Affairs Shaikh Mansour bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court Shaikh Hamed bin Zayed Al Nahyan and Foreign Minister Shaikh Abdullah bin Zayed Al Nahyan, the Syrian President warmly welcomed Shaikh Khalifa and his entourage to Syria. He said the visit would definitely have a very good outcome and would lay a new block in the building of bilateral ties between the two countries and their peoples.


Mohammed opens Floating Bridge, Waterbus service
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, inaugurated the Floating Bridge and the Waterbus service on Sunday evening.

The two projects will help ease the traffic between Deira and Bur Dubai to a large extent.




Gulf Capital granted investment company licence by central bank
Abu Dhabi based Gulf Capital, a private joint stock company, has been granted an investment company licence by the UAE Central Bank.

The new licence will allow Gulf Capital to enter the asset management and investment banking arenas.


Egypt tops in consumer confidence, Saudi Arabia optimistic
Consumers in Saudi Arabia continue to be highly optimistic about their future and are confident on all five economic factors surveyed for MasterIndex, namely employment, economy, regular income, stock market and quality of life.

The study said that the current Saudi Arabia MasterIndex score of 92 out of a possible score of 100 represents a slight decrease from the record high of 97.3 registered six months ago; however it shows that consumers are still very highly optimistic.

Front Page


Suicide truck bomber kills 10 in Iraqi oil city

A bomber blew up his explosives-laden truck near an office of a Kurdish political party on Monday in the northern oil city of Kirkuk, killing at least 10 people and wounding dozens, police said.


US death penalty opponents search for innocent victim

Although dozens of US death row inmates have been proven innocent, death penalty opponents are seeking to bolster their cause by proving that at least one of the 1,087 people executed over the last 30 years in the United States was innocent. Thanks primarily to new DNA evidence, a total of 124 people sentenced to die have been recently proven innocent of the crime they were convicted for, many after spending years on death row.




Profit-taking hits Saudi bourse ahead of Kingdom’s IPO close; Qatar, Dubai, Oman rise

Profit-taking hit Saudi Arabia’s bourse benchmark on Sunday as investors freed up cash before the close of Kingdom Holding’s IPO on 18 July. Shares of Mobile Telecommunications Co (MTC) dragged down Kuwait’s index in a correction after recent gains. Abu Dhabi and Bahrain bourses also closed lower.  Qatar ended higher for the first time in four days, paced by Qatar Navigation Co Markets in Dubai and Oman also closed up.


Deal important to strengthen relations with Saudis: El-Quqa; Global equity fund buys significant stake in Ajlan

Global Investment House “Global” announced Sunday that it has acquired through its private equity funds a significant equity stake in Ajlan Bin Abdulaziz Al Ajlan & Brothers “Ajlan”, a major Saudi textile manufacturer. The transaction was concluded by the private equity funds team for its funds focused on investing in the GCC/MENA region. Ajlan was established in 1979 focused on selling traditional garments in the Saudi Arabia and GCC. 



Front Page


Misconduct charge against CJ withdrawn: Lawyer wants entire reference dropped

The federal government on Monday withdrew the charge of judicial misconduct against Chief Justice Iftikhar Mohammad Chaudhry. The once voluminous reference with annexure is now reduced to just allegations that the CJ abused his office for securing a government job for his son and privileges/protocol for him.


More troops for NWFP okayed

The government on Monday decided to send reinforcements to the North West Frontier Province and tribal areas in the wake of an alarming rise in attacks on security agencies’ personnel across the region. 




Apparel sector calls for incentive package

The apparel industry has warned the policy-makers of the adverse impact on domestic textile industry of the recently announced Indian government’s export package for its textile industry


Govt decides to replace FTI with TCIP

The government is likely to replace Foreign Trade Institute (FTI) with Trade Competitiveness Institute of Pakistan (TCIP) for carrying out policy research studies for enhancing the country’s exports. 


Business Recorder

Front Page


EU resolution interference in Pakistan's internal matters

Foreign Office on Monday rejected a recent resolution by European Union demanding President Musharraf to doff uniform, and termed it interference in Pakistan's internal matters.

"Nobody can ask Pakistan what to do and what not to do," Foreign Office spokesperson told reporters at the weekly media briefing.


Iran, Pakistan, India agree on gas price formula

Iran, Pakistan and India have agreed on a gas 'price formula' on the basis of which Iran will supply gas to Pakistan and India through IPI gas pipeline project.

The Indian daily, The Asian Age quoting the special representative of the Iranian Minister of Petroleum on IPI and Director of International Affairs in the Petroleum Ministry, Hojatollah Ghanimifard, said the agreement on inclusion of a price line in the contract has been a major achievement in the last round of trilateral negotiations in New Delhi."




Chinese trade team due on July 18

A high-level Chinese Trade Mission led by Vice Minister of Commerce Gao Hucheng will visit Islamabad from July 18 to 20 aimed at enhancing trade between the Pakistani exports and Chinese importers and Entrepreneurs and also to improve the trade balance.


Uplift of backward areas government's top priority: chief minister

Pakistan Muslim League (PML) government is providing equal opportunities of development to all areas and due to an exemplary programme the pace of social uplift has accelerated and the economic condition of the masses is fast improving.


By: Staff Reporter
+44 20 8652 3214

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