In Wednesday's South Asia/Middle East papers

19 September 2007 04:30  [Source: ICIS news]

MUMBAI (ICIS news)--These were the top stories at 4:30 GMT in the following South Asia/ Middle-East newspapers’ online versions on Wednesday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:

The Times of India
Front Page

US sees China quietly working to halt N-deal
Even as foreign secretary Shiv Shankar Menon worked on the Chinese leadership in Beijing to secure support for the India-US nuclear deal, it's becoming clear that China is launching a cleverly crafted global campaign against the deal.

Men are being harassed, says women's panel
It was a law enacted to protect women from becoming victims of dowry greed and to punish those who tortured and even killed brides for dowry.

Business

Is Blackstone still eyeing Wadia pie?
Speculation about an impending deal between Wadia group's flagship Bombay Dyeing and Manufacturing and the US-based private equity major Blackstone refuses to die.

Now, software may hold up tax refunds
If you were banking on your income tax refund for 2006-2007 to take care of your investment needs or meet liquidity requirements, then there is no immediate hope in sight with the government yet to develop a software to process your returns.

The Economic Times
Front Page

Oil hits new record over $82
Oil prices topped $82 on Wednesday, soaring to a fresh record in Asian trade after the Federal Reserve cut interest rates to boost the US economy.

Bang for the buck: Cash-rich IT firms on the prowl
Every cloud has a silver lining, they say. The cash reserves of India’s top-tier IT companies, victimised by a volatile rupee in the first quarter, have swelled, thanks to the same phenomenon. The cash pile, mostly held in INR, is used by IT companies to fund acquisitions and capex plans, apart from maintaining a comfortable buffer.

Khaleej Times
Front Page

Iraq revokes US security firm licence after shootout
Iraq announced on Monday it had withdrawn the licence of a US security firm and would prosecute employees it said were involved in a Baghdad shooting in which 11 people were killed.

Palestinian government needs $1.6bn a year
Western-backed government of Palestinian President Mahmoud Abbas estimates that it will need at least $1.6bn in donor assistance per year to close its soaring budget gap, the World Bank said.

Business

Meydan awards Dh4.8 billion contract for Dubai racecourse
Meydan LLC, a 50-50 joint venture between Malaysian construction company WCT Engineering and Dubai's Arabtec Construction, has won a United Arabs Emirates dirham (Dh) 4.84bn ($1.3bn) contract to develop a horseracing course in this city.

Aircraft orders set to surge ninefold in 2007
New commercial aircraft orders from the Middle East region are set for a ninefold increase this year on the back of increased demand from the region's leading carriers seeking to cope with an exceptional growth in air traffic.

Arab Times
Front Page

New Zealand police worried about mother of dumped child
New Zealand police said Tuesday they are worried about the mother of a three-year-old girl who was apparently dumped by her father at an Australian railway station before he flew to the US.

Women police: the new veiled face of order in Gaza
Susan Aqal is a tightly veiled Palestinian mother who has a baby boy. But she has abandoned traditional domestic life to interrogate suspected drug addicts, thieves and murderers in the volatile Gaza Strip.

Business

UAE’s Etisalat, Kuwait’s Zain vie for 2nd Qatar mobile licence
Emirates Telecommunications (Etisalat) and Kuwait’s Mobile Telecommunications (Zain) said on Monday they had bid for Qatar’s second mobile phone licence.

Qatar insurer denies reports of foray into Kuala Lumpur
A Middle East group led by Gulf Petroleum Qatar is looking to invest up to ringgit M$ 5bn ($1.4bn) in Malaysia, as the country’s efforts in attracting the petrodollars appear to be paying off.

Dawn
Front Page

Musharraf to hang up uniform if re-elected
In a significant move, President General Pervez Musharraf through his counsel declared before the Supreme Court on Tuesday that he would step down as army chief if he was elected president for a second term by the parliament and four provincial assemblies.

Mutilated bodies of 15 soldiers brought to Miramshah
Bodies of 15 soldiers who had gone missing during recent clashes with militants in the Shawal area of the North Waziristan Agency were brought to Miramshah on Tuesday.

Business

Remittances increase by 21.3% in 2 months
The inflow of remittances further increased and overseas Pakistanis sent just below $1bn during the first two months of the current fiscal.

Top level changes in PTCL
Etisalat the UAE-controlled telecom giant which holds 26% equity with management rights in the Pakistan Telecommunication Company (PTCL) could not have more forcefully expressed its distaste for the company’s latest financial results.

Business Recorder
Front Page

Commonwealth chief to press Musharraf on army role
Commonwealth Secretary General Don McKinnon arrives in Pakistan on Wednesday for a visit expected to focus on President Pervez Musharraf's pledge to quit as army chief, officials said.

Oil hits new record over $82
Oil prices topped $82 on Wednesday, soaring to a fresh record in Asian trade after the Federal Reserve cut interest rates to boost the US economy.

Business

ADB economic outlook 2007: Pakistan economy seen keeping growth momentum
On the basis of strong demand, bolstered by increased private and public investment, the Pakistan economy is seen keeping most of its momentum and achieving 6.5% growth in FY2008, said Asian Development Outlook 2007 Update, released by Asian Development Bank, here Monday.

Pakistan recognised as champion economy in WEF
Pakistan has been recognised as "champion economy" in the just concluded annual meeting of the "new champions" organised by World Economic Forum (WEF) in Dalian, a coastal city in Northeast China's Liaoning Province.


By: Staff Reporter
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