In Fridays' Middle East papers

18 January 2008 04:30  [Source: ICIS news]

MUMBAI (ICIS news)--These were the top stories at 4:30 GMT in the following Middle-East newspapers’ online versions on Friday. 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 OMAN

Front Page

British PM heads to China, India
Britain's Gordon Brown heads to China and India for his first visit as prime minister, looking notably to get world's two most populous countries on board for a new deal on climate change.

Iran: Western nuclear pressure failing
Iran's chief nuclear negotiator said on Thursday the West had failed in efforts to put pressure on the Islamic Republic over its atomic activities.

Business

US recession fears hit Asian stocks
Fears of a US recession rattled Asian stocks Wednesday, with markets falling on news of heavy writedowns in the US banking sector and a slump in consumption, dealers said.

Germans, Japanese automakers push diesel in the US
Two decades after Americans abandoned diesels as smelly, loud and unreliable, German and Japanese automakers are placing bets that they can entice a new generation of drivers with clean diesel technology.

OMAN TRIBUNE

Front Page

Olmert vows to wage ‘war’ as 5 more Gazans die
Israeli Prime Minister Ehud Olmert vowed on Thursday to wage a "war" to stop Gaza fighters firing rockets into Israel, despite warnings by Palestinian leaders that Israeli military strikes would harm peacemaking.

Britain slams Russia after closing offices
Britain accused Russia of "conduct not worthy of a great country" on Thursday after what it called a campaign of intimidation by security services forced its cultural centres in two Russian cities to halt operations.

Business

Mortgage-crisis victim Merrill posts $9.8bn loss
Merrill Lynch, one of America’s biggest investment banks, lost its money-making stride on Thursday as it announced the largest quarterly loss in its history at $9.8bn.

Middle East IPO activity jumped 60% in 2007
The Middle East has seen yet another year of solid IPO activity, according to the Global Ernst & Young quarterly IPO update. A total of $8bn was raised through IPOs during the third and fourth quarters of 2007 combined, bringing the total funds raised last year to $12.8bn, says a press release.

KHALEEJ TIMES

Front Page

PM orders 40,000 villas for nationals, hints at cabinet reshuffle
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Thursday announced the construction of 40,000 villas for nationals in the country.

Iran warns sanctions could hurt oil supply
Iran’s OPEC governor has warned that any Western sanctions on investments in its energy sector could endanger security of supply and hit also consumer countries, an Iranian daily reported on Thursday.

Business

Power sector needs $8bn to boost capacity
The UAE power sector will require at least $8bn in investment to boost generation capacity over the next six to eight years, a study on the sector shows.

UAE Ministry of Economy signs MoUs to implement UCR project
The UAE Ministry of Economy yesterday signed Memorandums of Understanding (MoU) with the UAE's economic departments regarding the implementation of the national Uniform Commercial Register (UCR) project.

ARAB TIMES

Front Page

Villagers resist culling in India's bird flu zone
Villagers at the centre of a bird flu outbreak in India's east refused to hand over their chickens and ducks for culling on Thursday, hampering efforts to stamp out the deadly disease in poultry.

Stolen Australian boomerang returns home
Proving boomerangs really do come back, an Australian town was on Thursday celebrating the return of a boomerang stolen from an outback museum by an American tourist 25 years ago.

Business

Opec gives guarded response to Bush plea for more oil on market
Opec gave a guarded response on Wednesday to calls from US President George W Bush for more oil to lower near-record prices, saying supply was enough for now and exporters would pump more if needed.

Bahrain’s biggest lender AUB freezes Iran business
Bahrain’s largest lender by market value, Ahli United Bank, has suspended business with Iran, yielding to US pressure to isolate Tehran over its nuclear programme, two sources familiar with the matter said.

ARAB NEWS

Front Page

‘Now I can sleep in peace:’ Ghosun’s mother
A grieving mother said yesterday that she felt justice had been served following the public beheading of the father and stepmother found guilty of torturing and murdering her nine-year-old daughter in 2006.

Olmert to wage a war against Gaza fighters
Israeli airstrikes killed five Palestinians, including a mother and child, in the Gaza Strip yesterday as Prime Minister Ehud Olmert vowed to wage "war" to stop rocket attacks on the Jewish state.

Business

LG Service Academy to be established soon in Dubai be set up in Dubai
The Service Academy that is establishing in Dubai by April will provide training to all of its trainees from the region LG’s senior management executive said here on Wednesday night.

Vietnam eyes larger share in Mideast seafood market
Vietnam aims to take larger share in booming Middle East seafood mark as the annual turnover of the country’s seafood industry crossed $3.7bn mark in 200, reflecting a 12% increment as compared to 2006 figures, according to the latest reports published by the Ministry of Agriculture and Rural Developmen- Vietnam.

TEHRAN TIMES

Front Page

(no news update)

By: Staff Reporter
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