In Monday's Middle East papers

11 August 2008 06:30  [Source: ICIS news]

OMAN TRIBUNE

Front page

HM begins Libya visit today
His Majesty Sultan Qaboos Bin Said on Monday will begin a visit to Libya for a few days during which His Majesty the Sultan will meet Col Muammar Gaddafi.

Home minister appeals for calm in Kashmir
Home Minister Shivraj Patil appealed for calm in Kashmir on Sunday and said: "There should not be a regional divide or a communal divide".

Business

Oil market vulnerable as Opec cushion thins: Iran
Rising Organisation of the Petroleum Exporting Countries (Opec) output has cut the group’s spare capacity and left the oil market vulnerable to any surprise supply disruptions, Iran’s Opec governor said on Sunday.

Raysut Cement to build warehouse in Sohar Port
Raysut Cement announced on Sunday that it has signed an agreement with Sohar Port to construct a $10m (€6.5m) storing and packaging facility in Sohar, in collaboration with Stein Wing Company.

KHALEEJ TIMES                                                           

Front page

Russia takes S Ossetian capital, Georgia pulls back
Russian troops and tanks took the capital of the separatist Georgian region of South Ossetia on Sunday after a bloody three-day battle as Georgian forces retreated and offered a ceasefire.

Georgia begins pulling out forces from Iraq: US military
Georgia's 2,000 strong contingent in Iraq began to return home on Sunday to redeploy in the conflict in its breakaway province of South Ossetia, a US military spokesman said.

Business

Oman's inflation soars to record on food costs
Inflation in Oman rose to a record near 14% in June as increasing food prices and a currency peg to the weak US dollar pushed costs in the Gulf state higher for a 14th consecutive month.

Dubai shares post biggest one-day fall in six months
Shares on Dubai Financial Market recorded their biggest single-day decline in six months on Sunday. The fall was led by real-estate stocks incurring losses following news reports that the central bank plans to tighten rules on lending to help tame inflation.

ARAB TIMES

Front page

Kuwait prepares for regional conflict, calls reserves
Kuwaiti authorities are currently taking the necessary precautionary measures in preparation for a possible armed conflict in the region due to disputes over Iran’s nuclear programme, reliable sources told the Arab Times.

Some firms still refusing to pay ‘fees’ of labourers
The saga of some Bangladeshi workers continues as at least two cleaning companies have refused to cough up the insurance and residency fees of their workers in clear contravention of the government’s recent regulations, says an embassy official.

Business

Capital Intelligence raises Kuwait Finance rating to A+
One of the major rating agencies in the Middle East, Capital Intelligence, has stepped up the financial power of Kuwait Finance House (KFH) to reach A+. This reflects the fine quality of credit, the great ability to meet the financial commitments on time, in addition to possessing numerous positive credit characteristics.

Agility wins Borouge deal
Borouge, a leading provider of innovative, value creating plastics solutions, has today awarded a service contract to Agility (Abu Dhabi) PJSC to build the Borouge Compound Manufacturing Unit (CMU) and Shanghai Logistics Hub in Shanghai, China, and to provide local logistics services for Borouge’s customers in Asia for a duration of 10 years with effect from its operational start up date in 2010.

ARAB NEWS

Front page

‘British Council helps people develop and grow’
With an aim to help people develop, grow and become self-sufficient, the British Council in Jeddah shed light yesterday on some of its projects and activities which are to take place over the next few years.

WAMY holding youth camps across the world
The World Assembly of Muslim Youth (WAMY) is organizing more than 100 summer camps throughout the world to inculcate social, cultural and family values in the minds of young men and women.

Business

No-one is immune to credit crunch
As governments the world over contemplate the fallout of the first anniversary of the global credit crunch a few days ago, the signs are that things are going to get much worse before they start improving.

New economic challenges hamper yuan’s rise
At a time when the world’s top athletes strive to set records at the Beijing Olympics, the Chinese currency has unexpectedly put on hold its steady move toward new highs.

TEHRAN TIMES

Front page

Iran making TV series based on Hugo’s “Les Miserables”
Mohammadreza Honarmand is directing the TV series “Wind and Vent” based on an adaptation from “Les Miserables” by Victor Hugo.

Mobarak Intl Puppet Theater Festival kicks off in Tehran
The 12th Mobarak International Puppet Theater Festival kicked off in a hilarious opening ceremony at Tehran’s City Theater complex on Saturday.

Business

Former UN chief concerned over global food, fuel crisis in Ghana
Former UN Secretary-General Kofi Annan has expressed concern about the current global food crisis and the rising costs of fertilizer and fuel in Ghana, reported the Ghana News Agency on Saturday.

Iran’s Khoy cement factory to go on stream this year
The managing director of the Khoy Cement Factory announced here on Sunday that the factory is 85% complete and will go on stream in the current Iranian calendar year (ending March 20) if the financing of the project is on time.

ALJAZEERA

No news update

THE DAILY STAR

Front page

MPs hold fiery debate on Cabinet policy statement
The Parliament debate over the new government's policy statement continued in Lebanon on Sunday after two days of heated debates and discussions between March 14 and March 8 lawmakers.

Georgia-Russia row places key oil pipeline at risk
Western concerns are growing over the impact of bloody clashes between Georgia and Russia on a key oil pipeline through the region from the Caspian Sea to the West, analysts say.

Business

Egypt inflation at record 23.1% as food prices soar
Inflation soared to a record 23.1% in Egypt in July, fueled by skyrocketing food prices, the CAPMAS national statistics agency reported on Sunday.

Sfeir: Christians should get half of country's jobs
Maronite Patriarch Nasrallah Boutros Sfeir called on Sunday for the equal distribution of jobs to Christians and Muslims, while at the same time stressing that the concepts of "justice" and "fairness" allow people "to come closer to God.

GULF DAILY NEWS

Front page

Crown Prince hails graduates
The Crown Prince's International Scholarship Programme (CPISP) has awarded a total of 85 scholarships to outstanding Bahraini secondary school students since its inception in 1999, it was revealed yesterday.

Young in bid to save planet
Bahrain’s youth will join their peers from across the world to call for action in protecting the planet from climate change as they mark the International Youth Day.

($1 = €0.65)

By: Staff Reporter
+44 20 8652 3214

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