20 August 2008 05:30 [Source: ICIS news]
HM arrives in
Simi activist confesses his role in blasts
Mufti Abu Bashir, the alleged mastermind of the serial blasts here, has admitted that he was involved in the July 26 bombings that left 55 people dead, Crime Branch sources said on Tuesday.
Stocks plunge on credit fears, dollar rally pauses
Concern about the health of the financial sector drove global stocks to their lowest in nearly two years on Tuesday, while the dollar ran out of puff after rising to its highest this year against a basket of major currencies.
Arab states in the Gulf should aim to narrow the gap in their inflation rates before a 2010 target for monetary union, a report said on Tuesday, proposing a depegging from the US dollar.
KHALEEJ TIMESFront Page
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has issued a new mortgage law as part of moves to regulate
Russia starts Georgia pullout, West urges speed
Russian troops will pull back from
Record inflation ‘threat to GCC currency union’
Record high inflation in the UAE and
Insolvency laws untested in the UAE
A report published yesterday by Standard and Poor’s (S&P) has found that laws and regulations relating to creditors’ rights in the event of a debtor insolvency remain untested in the UAE, leaving the insolvency process in the event of default unpredictable.
The Indian army has placed a $2bn (€1.36bn) order for cruise missiles from the Russo-Indian company BrahMos, the Interfax news agency said on Tuesday.
Pakistani fast bowler Mohammad Asif is facing a two-year ban from cricket after his 'B' sample tested positive for the banned steroid nandrolone, his lawyer said on Tuesday.
Opec may cut output as oil set to drop further: CGES
The Organization of Petroleum Exporting Countries may decide to cut the cartel’s oil output quota as the price of crude risks falling under $100(€68) /bbl, energy consultancy CGES said on Monday.
Subscriptions and deeds for stocks obtained through violation of regulations in this regard would be considered null and void if detected and members of the public are strongly advised to avoid such breach of law to escape legal consequences
Grand mufti rejects Al-Oadah’s fatwa
Celebrating birthdays and wedding anniversaries has no base in Islam,
Makkah city braces for huge influx of pilgrims
Municipal authorities have made all arrangements for the huge influx of pilgrims and visitors to holy city during Ramadan, Mayor of Makkah Osama Al-Bar announced yesterday.
The ruler of
OPEC’s reserves put at 900bn barrels
More than three-quarters of the world’s oil reserves are located in OPEC countries. The bulk of OPEC oil reserves is located in the Middle East, with
Atomic Energy Organization of
Iranian envoys visit Natanz nuclear site
Iranian envoys to foreign states alongside Foreign Minister Manuchehr Mottaki visited Natanz nuclear facility on Tuesday.
Sanctions hit EU rather than
Russian July output rises 3.2%, less than forecast
Russian industrial production grew at a slower pace than economists forecast in July as oil and gas production fell and manufacturing growth remained weak.
A suicide blast outside the emergency ward of a hospital crowded with Shia Muslim mourners in
Asian stocks have fallen to a two-year low, due mainly to fears the
Vital oil route 'set to reopen'
A vital oil pipeline from the Caspian Sea oilfields, through
Politicians debate dialogue, security appointments
The country's top politicians engaged in tense debate on Tuesday over the two controversial issues of military appointments and the upcoming national dialogue sessions to be chaired by President Michel Sleiman.
Salafist groups 'freeze' agreement with hizbullah
Salafist groups announced on Tuesday their decision to "temporarily freeze" a memorandum of understanding they signed with Shiite group Hizbullah one day earlier.
Fneish tries to mediate minimum wage dispute
The long-running debate between the private sector and the General Labour Confederation (GLC) over the minimum wage has reached another dead-end with both parties insisting on their demands, according to Labour Minister Mohammad Fneish.
BLC-Fransabank posts net profits of $13m
BLC Bank Fransabank Group announced consolidated net profits of $13.4m (€9.1m) in the first half of 2008. Net interest income amounted to $21.5m, while net commission earnings reached $2.7m over the same period. Net financial income stood at $30m in the first half of 2008, while staff and general operating charges totalled $13.4m, of which staff expenses equalled $8.6m, and general and administrative expenses came to $4.9m.
GULF DAILY NEWSFront Page
Kidney donor promised free medical care
A Filipino who gave a kidney to save a 16-year-old Bahraini girl has been promised free medical care for as long he lives here.
UAE clamp on Ramadan price rises
The UAE economy ministry said it would step up efforts to ensure that retailers do not raise food prices arbitrarily during Ramadan. "Some traders tend to take advantage of the situation and increase prices," economy ministry's planning sector under-secretary Mohammed Al Shihhi said.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections