08 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 Friday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:?xml:namespace>
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Hamas rebuffs Abbas truce offer
Hamas rejected Palestinian President Mahmoud Abbas’s offer to help negotiate a ceasefire as
Share sale report wrong: Omantel
Oman Telecommunications (Oman-tel) said on Thursday that the government has not unveiled the percentage of shares it intends to sell to a strategic investor.
ECB holds rates, BoE shaves 25 basis points
The European Central Bank left its key lending rate unchanged at 4 per cent on Thursday as high inflation threatened the eurozone while the Bank of England cut rate by a quarter point (25 basis points) to 5.25% to support faltering growth in
Global stocks dip despite rate cuts, oil prices stable
European stocks dropped to their lowest close in two weeks on Thursday as a rate cut by the Bank of England and a more dovish tone from the European Central Bank failed to soothe worries about a global economic downturn.
Matching their commitments to their convictions, His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and German Chancellor Angela Merkel yesterday reiterated their desire and determination to take UAE-German bilateral relations to new heights.
Ship’s anchor cut Gulf Internet cable
A ship’s anchor severed one of the undersea Internet cables damaged last week, causing outages that continue to affect business across the Middle East and South Asia, the cable’s owner said on Thursday.
Cricket-Gilchrist expects to play IPL, others in doubt
Adam Gilchrist is still hoping to take part in the inaugural Twenty20 Indian Premier League (IPL) despite reports that
New tax law for foreign firms seen boosting FDIs
In its latest economic brief, National Bank of Kuwait (NBK) reports that, a much-awaited amendment to
Kuwaiti firm KOTC to order six oil tankers
State-owned Kuwait Oil Tanker (KOTC) plans to order six new oil tankers including four giant crude vessels at a cost of $800m, the company chief said in comments published Wednesday.
Al-Dabbagh gets 4-year extension as SAGIA chief
Amr Al-Dabbagh has received a four-year extension as governor of Saudi Arabian General Investment Authority (SAGIA), it was announced yesterday. Custodian of the Two Holy Mosques King Abdullah issued a royal decree extending Al-Dabbagh’s term.
Hamas rejects Abbas’ truce offer as Israel kills 7 in Gaza
Palestinian President Mahmoud Abbas offered to help negotiate a cease-fire as Israeli troops, backed by tanks, helicopters and warplanes killed seven Palestinians including Hani Naim, a schoolteacher, and wounded 14 others in attacks on the Gaza Strip yesterday.
IFC expands investment in eye care
IFC, a member of the World Bank Group, has partnered with
Blame G-7 taxation, not oil prices
With OPEC insisting in Vienna last Friday not to open up its taps further--as demanded by major crude consumers, including the US--the cartel is in for a fair bit of criticism by Western pundits. And almost simultaneously a report on earnings of the major Gulf oil producers is also making rounds.
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