In Monday's Middle East papers

Front Page

Fatah men detained
About 30 pro-Fatah Palestinians who fled to Israel after fierce clashes in the Gaza Strip were sent back to the Hamas-controlled enclave on Sunday and the group said its forces immediately detained them.

Rumour sparks temple tragedy
At least 145 people, mostly women and children, were crushed to death in a stampede at the famous hill shrine of Naina Devi in Himachal Pradesh’s Bilaspur district on Sunday.

Business

India property fund launched
A south India-centric real estate fund, Cordea Nichani Indian Opportunities Fund No1, was on Saturday launched at the India-Oman Business Forum held at the Indian Embassy.

RBS faces record $1.97bn loss
The Royal Bank of Scotland (RBS) will this week unveil the biggest loss in the history of British banking due to a multi-billion-pound hit from the global credit crunch, The Sunday Times reported.

KHALEEJ TIMES                                            

Front Page

UN council must increase sanctions on Iran:US
The United States said on Sunday that Iran has left the UN Security Council no choice but to increase sanctions on the Islamic Republic for ignoring demands that it halt sensitive nuclear activities.

Israel presses Gaza sick to become informers
Israeli security agents have been pressuring Gazans seeking medical treatment abroad to work as informers in violation of international law, an Israeli rights group said on Monday.

Business

Air Arabia H1 net profit soars 39% to Dh160m
Air Arabia, largest low-cost carrier in the Middle East and North Africa, announced on Sunday Dh160m net profit for the first half of this year against Dh115 million, indicating an increase of 39% over last year.

Inflation in Saudi Arabia at 30-year high on food, rents
Saudi Arabia’s annual inflation rose 10.6% in June to a 30-year high due primarily to increases in food and housing costs, official data released on Sunday showed.

ARAB TIMES

Front Page

1,200 Bangladeshis deported so far, confirms embassy
About 1,200 Bangladeshi workers have been deported from Kuwait so far over the last few days, says an official at the Bangladesh embassy, who requested anonymity. “We have learnt through sources that about 1,200 of Bangladeshi workers have been deported since their arrests last week.

UN council must increase sanctions on Iran:US
The United States said on Sunday that Iran has left the UN Security Council no choice but to increase sanctions on the Islamic Republic for ignoring demands that it halt sensitive nuclear activities.

Business

Markets remain dull despite good second quarter results
Dubai shares yesterday rose 0.1% to close at 5,410.23, with Gulf General Investments (GGICO) topping the main index, while Sorouh Real Estate and RAK Properties were among the losers on the Abu Dhabi bourse, which dropped 0.4 per cent at 4.954.73 points.

Microsoft, Fast Search JV to provide expertise in ME
Microsoft has completed the acquisition of Fast Search & Transfer, provider of enterprise search solutions. In January, Microsoft announced its $1.2bn offer for Norway-based enterprise search company, Fast Search. With this acquisition, Microsoft is set to change the enterprise search landscape by delivering a solid solution that fills the gap left by current offerings

Front Page

Qatari premier and Asharq Al-Awsat reach amicable settlement
A case filed by the prime minister of Qatar against Asharq Al-Awsat has been settled out of court without any payment for damages, Al-Riyadh newspaper reported yesterday.

No plan to cancel scholarships to India: Al-Anqari
Minister of Higher Education Khaled Al-Anqari has denied rumors that his ministry would cancel scholarships to India following reports of a Saudi who was studying at a New Delhi university being involved in a hit-and-run accident.

Business

Is Islamic finance market ready for hedge funds?
Currency swaps, exchange traded funds (ETFs), collateralized debt obligations (CDOs), hedge funds and credit protection transactions until a year or so would have been unthinkable in the global Islamic finance market.

SABB launches Arabic call center
SABB launched its HSBC Bank Middle East Call Center operations in Riyadh to serve its clients more effectively.

TEHRAN TIMES

Front Page

Leader praises global status of Iran, Syria
Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei assessed as successful on Sunday the status of Iran and Syria at regional and international level.

Books not bread is what we need, says publisher
The managing director of the Iranian publishing company Teimurzadeh has recently put forward a proposal to the culture minister to start a program to raise Iran’s per capita book reading.

Business

Agricultural Jihad Ministry teams up with UNIDO
The Iranian Ministry of Agricultural Jihad and the United Nations Industrial Development Organization (UNIDO) have teamed up for joint implementation of agricultural projects in the conversion, processing, and complementary industries.

Spain’s Solbes sees ECB holding rates, no recession
Spanish Economy Minister Pedro Solbes on Sunday said in a newspaper interview that he expected the European Central Bank to keep interest rates on hold.

ALJAZEERA

No news update

THE DAILY STAR

Front Page

Lahoud proposes changes to draft ministerial statement
Lebanon's national unity government is expected to ratify the draft ministerial statement in a Cabinet session on Monday in the Presidential Palace, headed by President Michel Sleiman, amid reservations from Christians within the March 14 bloc regarding the way the issue of the resistance was addressed by the statement.

Syrian general found shot dead in mysterious killing - reports
Arab media reported on Sunday that a brigadier general thought to have been the Syrian regime's liaison with Lebanon's Hizbullah movement has been assassinated.

Business

Rating agency ups Lebanon's growth forecast – again
For the second time since the May 21 Doha accord, the Economist Intelligence Unit (EIU) revised upward its economic growth forecast for Lebanon to 4.4%

Kuwaiti premier assures Japan steady oil supply
Kuwait's prime minister promised to provide Japan a steady flow of oil and said the emirate was open to boosting production, as surging prices cause concern in Asia's largest economy, officials said.

GULF DAILY NEWS

No news update

By: Staff Reporter
+44 20 8652 3214

< previous article(VIDEO - ICIS news Asia Lunchtime Bulletin 16 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly