In Thursday's Middle East papers

07 February 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 Thursday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:




Front Page


Hillary, Obama draw; McCain leads 

Democrats Barack Obama and Hillary Clinton battled to a draw on "Super Tuesday" and John McCain took charge of the Republican race in presidential nominating battles in 24 US states.


Japanese town defies US military 

With a mayor inspired by Mahatma Gandhi, this desolate western town has become a symbol of a Japan that can say no to the central government and its US allies.  




Global stocks battered by US recession fears  

Asian stocks suffered fresh carnage Wednesday, with leading bourses down by as much as five percent as growing fears of a US recession swept across global markets, dealers said.


Thai giant PTT signs deal with Qatargas 

Thailand's top energy firm PTT said Wednesday it had signed a deal with Qatargas Operating Company to import one million tons of liquefied natural gas (LNG) each year. 




Front Page


HM loyalty march today

The Wilayat of Bahla will organise a loyalty march and public festival to mark the visit of His Majesty Sultan Qaboos Bin Said in Seih Al Shamikhat under the auspices of HE Sayyid Ali Bin Hamoud Al Busaidi, Minister of Diwan of Royal Court, on Thursday.


Cold spell to continue

Cold weather conditions are likely to continue in many parts of the Sultanate until the weekend.  Jabel Shams and Saiq continued to record low temperatures on Wednesday. While the maximum temperature in Jabel Shams was 6 degrees Celsius, the minimum was minus 3 degrees Celsius.




Oil falls on increase in US crude reserves

World oil prices fell heavily on Wednesday after news that US crude reserves rose for the fourth week in a row, traders said.  New York's main contract, light sweet crude for delivery in March, dropped $1.11 to $87.30/bbl.


Iraq to pass oil law by year-end

Iraq's oil minister said the government is determined to pass a draft oil law this year, and hoped to ramp up production to 2.9m bbl/day by the end of the year.




Front Page


UAE seeks strong ties with Germany

His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, called for enhancing bilateral relations between the UAE and Germany as he was accorded a grand reception by the Mayor of Berlin, Klaus Wowereit on 6 February.


McCain seizes command of Republican contest

Barack Obama and Hillary Rodham Clinton traded victories in an epic coast-to-coast Super Tuesday struggle that failed to establish a dominant front-runner in the race for the Democratic presidential nomination. John McCain seized command of the race for the Republican presidential nomination, sweeping a series of delegate-rich primaries across the US.




Call to hasten move for GCC monetary union

An official of a global development network has urged member-states of the Gulf Co-operation Council to hasten moves for a monetary union, stressing that no GCC state would be able to compete with global economies alone.


Popular capitalism takes root in Gulf with surge in flotations

Popular capitalism is taking root in the Gulf with the boom in stock market flotations, led by record offerings in Saudi Arabia, according to financial industry observers.




Front Page


Asian markets sink after Wall Street plunge fans US recession worries 

Asian markets plunged Wednesday after a steep drop on Wall Street overnight fanned investors' fears the US economy was sliding into a recession that would sap demand for Asian exports.


Kashmir's hills alive with sound of Bollywood 

In a sure sign that separatist violence is waning in Kashmir, Bollywood actors are once again being spotted singing, dancing and coyly flirting in the region's idyllic Himalayan countryside.




Sheikh Salem urges more Islamic finance products 

A wider variety of Islamic finance instruments would make it easier for monetary authorities to intervene in that market to control liquidity, Kuwait's central bank governor said on Tuesday.


Kuwait Finance House eyes more Asia investments 

Kuwait Finance House, the Gulf's second-largest Islamic lender by market value, is actively looking for more investments in China, India, Indonesia and Malaysia as well as fund-raising deals for customers, the head of its Asian operations said on Tuesday.




Front Page


MMR vaccination not linked to autism: study

A new study has dispelled fears that a triple vaccine against measles, mumps and rubella (MMR) is linked to autism. The new paper appears in “Archives of Disease in Childhood” published by the British Medical Association.


Tornadoes kill 52 in US

Dozens of tornadoes sliced across southern US states ripping apart homes and shopping malls, killing at least 52 people and injuring hundreds more, officials said yesterday.




STC in deal for submarine cable system

Saudi Telecom Company (STC) has signed a deal with an international consortium that will build and maintain an undersea cable linking Europe to the Indian subcontinent via the Gulf.


IMF urges GCC to cut money supply to curb inflation

Gulf Arab states must apply strict fiscal policies by tightening money supply to curb inflation, which has soared because of supply constraints in housing and commodities, an International Monetary Fund official said yesterday.




Front Page


Eastern cinema needs to believe in itself: Fajr jury members

The jury members of the Asian cinema section of the 26th Fajr International Film Festival exchanged views on the section’s films during a gathering this week.


Canaan” director leaves audience puzzling over film’s title

Mani Haqiqi is very determined not to say anything about the title of his latest film “Canaan” in order to make filmgoers think about it.




UK consumer confidence falls to lowest since 2004

UK consumer confidence fell to the lowest since at least 2004 in January as slowing economic growth, higher living costs and falling stock prices unnerved Britons, Nationwide Building Society said.


Polish economy will slow visibly in Q1

Poland’s economy will slow visibly in the first quarter and will expand more slowly in the whole of the year than it did in 2007, central bank governor Slawomir Skrzypek said.


By: Staff Reporter
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