In Friday's Middle East papers

15 August 2008 04:30  [Source: ICIS news]

 

OMAN TRIBUNE

 

Front Page

 

HM begins 3-day visit to Egypt

His Majesty Sultan Qaboos Bin said, who arrived on Thursday in Alexandria on a three-day private visit to Egypt, was received at the Burj Al Arab International Airport by President Mohammed Hosni Mubarak.

 

Indo-Oman trade set to cross $2b: Envoy

The bilateral trade between the Sultanate and India is expected to cross the $2-billion (€1.35 billion)mark in 2008, HE Anil Wadhwa, India’s Ambassador to the Sultanate, has said.

 

Business

 

Euro plunges to $1.485 as economy contracts in Q2

The Euro dipped against the dollar on Thursday as official data revealed that the eurozone economy had contracted for the first time since its creation in 1999.

 

India rupee passes 43 to a dollar; shares drop

 

The Indian rupee fell to its lowest in a month on Thursday, slipping below the 43 per dollar mark as a rebound in global oil prices raised expectations of a worsening trade deficit.

KHALEEJ TIMES

 

Front Page

 

Russia: Georgia can 'forget' regaining provinces

 

The foreign minister of Russia said Thursday that Georgia could ‘forget about’ getting back its two breakaway provinces, and the former Soviet republic remained on edge as Russia sent tank columns to search out and destroy Georgian military equipment.

 

Six climbers believed trapped on NZ Mountain

 

Wellington - Six Australian climbers were believed to be trapped in poor weather Friday on New Zealand's Southern Alps after setting off an emergency beacon, officials said.

 

Business

 

Mixed outlook for Dubai rents

 

Rents in Dubai are static after recording five months of declines, a Dubai-based investment bank said on Thursday.

 

Brehl enters Birmingham

Middle Eastern property giant, Balli Real Estate Holdings Ltd (Brehl) says properties in Birmingham city centre offer excellent long-term value for owner-occupiers and investors.

 

In light of this it has made a major investment in 'Latitude', a superior city centre development of 172 apartments and penthouses a short distance from New Street train station and the Bullring.

 

ARAB TIMES

 

Front Page

 

Five firms to court … Labour cheats may lose licence

 

Social Affairs and Labour Minister Bader Al-Duwaila has referred five companies found to have violated the Labour Law to the court.

 

Citizens urged to register for public sector jobs

The Civil Service Commission (CSC) has called on all citizens willing to work in the public sector to register themselves from Aug 15th – 29th, 2008. Manager of Citizens’ Services and Public Relations Department at CSC Ratib Al-Oraifan, in a press statement issued Tuesday, said applicants should be Kuwaiti citizens above 18 years of age and should be registered as job seekers at the Public Authority for Social Security (PASS) or should be studying in school or university.

 

Business

 

Markaz launches futures service on Kuwaiti bourse 

 

Kuwait Financial Centre S.A.K. “Markaz”, one of the leading investment banking and asset management companies in the Middle East, launched the Futures Trading which aims to provide investors with a leveraging tool to finance their stock market acquisition of companies listed in Kuwait Stock Exchange.

 

Greenback finally recovers against dinar 

 

After a long period of drops and slump, the US dollar is finally recovering against the Kuwaiti dinar amid recovery and big gains against major world currencies.

 

ARAB NEWS

 

Front Page

 

Insecticide poisoning caused Madinah tragedy, says probe

 

A third child of a Pakistani family died here yesterday in a suspected insecticide poisoning incident.

 

Working women recount transportation woes

 

 Nabilah, an elementary schoolteacher, expresses succinctly the common woes faced by a woman who has to rely on a taxi to stay mobile.

 

Business

 

Russia rejects demand for delaying WTO talks

 

Blocking Russia from joining the World Trade Organization because of the conflict in Georgia would defy common sense and break Western promises, a Russian official said yesterday in response to US warnings.

 

Non-fundamentals bringing markets back to senses

 

What a sharp contrast indeed! Markets sentiments have changed drastically over the last few weeks and oil markets, like in fact any other market, are largely influenced by sheer sentiments.

 

TEHRAN TIMES

 

Front Page

 

President enlists MPs for plan to reform economy

 

President Mahmud Ahmadinejad has called for full cooperation between the Majlis and the administration in implementation of the economic reform plan.

 

Cambridge book collection on art is exclusive: Iranian scholar

 

“The Cambridge Introduction to the History of Art” narrates the Western European version of art history and not even the Western one, translator Mehdi Sahabi commented on the book during a review session.

 

Business

 

ITRC to host 4th IST symposium

 

Iran Telecommunication Research Center (ITRC) is to inaugurate the 4th international symposium on Telecommunications (IST) on August 27th in Tehran.

 

UK Jobless rate rises at fastest pace in 15 years

 

The number of people claiming unemployment benefits leapt by 20,100 in July, signalling the biggest rise since Britain’s last recession in 1992.

 

ALJAZEERA

 

Front Page

 

US warns Russia of Georgia fallout

 

Russia must pull back from Georgia or risk damaging Moscow's relations with Washington "for years to come", the US secretary of defence has said.

 

US and Poland 'agree shield deal'

 

Poland and the US have reached an agreement on a controversial US missile shield in the European nation, the Polish prime minister has said.

 

Business

 

US central bank auctions funds

 

The Federal Reserve, the US central bank, has auctioned $25 billion of loans to US banks in the latest bid to improve poor credit conditions in the US.

 

Charges filed in US card scam

 

Eleven people, including a US secret service informant, have been charged in connection with the theft and sale of more than 41 million credit card numbers by way of hacking into nine major shopping retailers in the United States, the justice department said.

 

THE DAILY STAR

 

Front Page

 

Lebanon, Syria agree to demarcate borders

Lebanon and Syria agreed on Thursday to take formal steps to demarcate their borders as part of a string of decisions to normalize their relations for the first time after decades of tension.

 

Nasrallah insists on need to discuss national defense strategy

 

Hizbullah leader Sayyed Hassan Nasrallah said on Friday that his group was more determined than ever to discuss a national defence strategy for Lebanon.

 

Business

 

Lebanese Cabinet to receive 2009 draft budget 'soon'

Lebanese Finance Minister Mohammad Shatah said Thursday that the 2009 draft budget was still being hammered out and would be presented to the Cabinet soon.

 

Syrian carrier to modernize fleet with 50 Airbus SAS planes - deputy premier

 

Syrian Arab Airlines, the country's state-run carrier, plans to buy 50 planes from Airbus SAS to modernize its fleet, Deputy Prime Minister for Economic Affairs Abdallah Dardari said.

 

GULF DAILY NEWS

 

Front Page

 

Price cheats alert

 

A team of inspectors will be cracking down on Ramadan price cheats, it was revealed yesterday

 

Beds shortage 'at crisis point' 

 

A Chronic lack of beds is being blamed for increasing patient complaints at Salmaniya Medical Complex (SMC).

 

Business

 

Profits blow

 

Kuwait's Agility, the Gulf's biggest logistics provider by market value, posted a nine per cent decline in second-quarter net profit as it is expanding abroad to reduce reliance on US Army deals.

 

Iran looks to Asia for financing oil industry 

 

Asia can provide the finance Iran needs to develop its oil and gas reserves, the world's second largest, limiting the impact of US sanctions and pressure, a top Iranian oil official said yesterday.

 

By: Staff Reporter
+44 20 8652 3214

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