In Tuesday's Middle East papers

09 September 2008 07:20  [Source: ICIS news]


Front page

Omani Holy Quran, e-version launched
The Omani Holy Quran and its electronic version were on Monday launched by Minister of Heritage and Culture HH Sayyid Haitham Bin Tariq Al Said at a function held at the Sultan Qaboos Grand Mosque Auditorium

Desperation hits victims as relief steps inadequate
Hungry villagers pleaded with authorities to rescue them from flooded homes in Bihar on Monday, as devastating floods continued to haunt millions in the country.


Stocks soar on US bailout
European stocks soared on Monday in a massive relief rally after the US government bailed out ailing mortgage giants Fannie Mae and Freddie Mac, easing fears of a global financial meltdown. 

Omani products can excel in global markets: Khonji
Omani products have the potential to compete with international brands and trade expos around the world provide the local companies with a platform to showcase their products and explore global tie-ups, said HE Khalil Bin Abdullah Al Khonji, Chairman of Oman Chamber of Commerce and Industry (OCCI).


Front page

Zardari prepares to be sworn in as Pakistan's president
Asif Ali Zardari was set to take the oath of office on Tuesday as president of Pakistan after his weekend election, officials said.

Deadly Ike smashes Cuba; Is US Gulf coast next?
Hurricane Ike roared down Cuba's spine on Monday and toward the island's densely populated capital of fragile historic buildings after ravaging homes, forcing 1.2m people to evacuate and killing at least four.


Food inflation may hit living standard
Increasing food prices could lower living standards in Dubai as consumers opt for cheaper but lesser-quality products and limit their budget to the basic necessities

Boeing strike may upset Gulf carriers’ growth plans
A strike at the Boeing Company could derail scheduled aircraft deliveries to the plane-maker’s major customers in the Gulf and upset their aggressive route expansion programmes, aviation industry sources said.


Front page

Focus on development, co-operation; Amir refutes dissolution talk
His Highness the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Sabah has refuted speculations on the dissolution of the Parliament, saying “these are just rumours circulated through the media and there are no efforts on the part of any government department in this regard.”

MPs meet onTuesday to prepare for special session on expats
Parliamentarians will hold a meeting on Tuesday to prepare for Wednesday’s extraordinary session on expatriate workers, reliable sources told Arrouiah daily.


Tehran wants Opec output cut to agreed target quotas; When to cut the question as Opec struggles with falling oil 
With oil prices off nearly 30% from their highs of almost $150 a barrel, Opec oil ministers are considering what was unthinkable just a few weeks ago cutting back output to prop up the cost of crude.

Robust economy ups Kuwaiti confidence 
On account of its interest for monitoring the economic situation in Kuwait, “ARA Research & Consultancy” issues a monthly Consumer Confidence Index, in collaboration with the “Arab Times” newspaper and under the sponsorship of the “Lexus” trademark.


Front page

End Palestinian rifts: Saud
Foreign Minister Prince Saud Al-Faisal yesterday urged for an Arab push to help end inter-Palestinian rifts and re-establish moderate Palestinian rule in the Hamas-run Gaza Strip.

Alshanqiti lands first Saudi gold in Paralympics Xinua Saudi triple jumper Osamah
Alshanqiti won the first gold medal in the Olympic history of the Kingdom with a world record-breaking jump of 15.37 meters in the Paralympics Games yesterday.


US mortgage bailout sends shares soaring
Global stocks soared yesterday in a massive relief rally after the US government bailed out ailing mortgage giants Fannie Mae and Freddie Mac, easing fears of a global financial meltdown. The Saudi stock market also reacted positively yesterday.

Oil price drop no cure for US stocks
Contrary to popular belief, oil’s breakneck decline from its record price set in July hasn’t given stocks the hoped for tailwind.


Front page

Iran nuclear reactor launch 'irreversible' by February: Russia
The start-up of the first reactor at Iran's Bushehr nuclear plant will be ""irreversible"" by February next year, a senior Russian nuclear official was quoted by ITAR-TASS news agency as saying Monday.

Ukrainian orchestra to play for “Ashura” puppet show
Iranian veteran stage director Behruz Gharibpur will travel to Ukraine on September 18 to record the music for


As Olympics end, China looks to boost economy By Jonathan Manthorpe
With the euphoria of hosting the Olympics soon to be behind them, Chinese are focusing on the state of their economy, and many don’t like what they see.

Iran to zero Qeshm transit duty
The advisor to Iran’s commerce minister announced here Monday that the cabinet has decided to cut all charges of transiting cargo at Qeshm Island by the end of the Fourth Socioeconomic Development Plan, i.e. 2010.


Front page

Deaths as hurricane strikes Cuba 
Hurricane Ike has caused more than a million people in Cuba to flee their homes [EPA] .At least four people have been killed after hurricane Ike roared along the Cuban coastline, bringing high winds and heavy rains.

US troops in Iraq to be shifted 
George W. Bush, the US president, will reduce US forces' presence in Iraq only modestly over the rest of his term, pulling 8,000 troops out by February, when his successor takes over as commander-in-chief.


Asian markets recovery falters 
Asian stock markets have fallen a day after global shares rallied following the US government takeover of troubled mortgage giants Fannie Mae and Freddie Mac.

Opec concerned about oil oversupply 
Oil grouping Opec has expressed concerns about a global oversupply amid the lowest prices in five months.


Front page

Sunni, Alawite leaders sign truce deal in Tripoli
Sunni and Alawite leaders in Tripoli and the North signed a six-item reconciliation agreement on Monday in an effort to curb tensions following recent sectarian fighting in which at least 22 people died.

Hizbullah fighter to be quizzed over helicopter shooting
Lebanon's top military prosecutor will interrogate on Tuesday the Hizbullah member said to be responsible for the fatal shooting at a Lebanese Armed Forces (LAF) helicopter, judiciary officials said on Monday.


Lebanese Cabinet to discuss wage hikes
The Lebanese Cabinet is expected to discuss Tuesday the finance minister's proposal to raise the minimum wage from LL300,000 ($200) to LL500,000 in addition to other benefits amid strong indications that neither the private sector nor the General Labour Confederation (GLC) will accept the government's package.

Bank Audi paints mixed picture of Syria's economic outlook
While official estimates maintain that Syria's growth in 2007 was 6.6%, the Economist Intelligence Unit (EIU) estimates it at 4.3% and the International Monetary Fund (IMF) puts it at 3.9%. Both the IMF and EIU are expecting the economy to slow down in 2008, though the EIU expects a 3.9% real growth.


Front page

Bahrain is winning the war on crime, thanks to a pioneering partnership between police and the public. Crime figures in the key governorate of Muharraq have been slashed by better policing and with the help of the community, says a top officer

Key talks held 
Bahrain-US relations received a fresh boost yesterday when President George W Bush received Crown Prince and Deputy Supreme Commander Shaikh Salman bin Hamad Al Khalifa, currently visiting the US.


$42m Landmark residential tower on way in Juffair 
Work on a BD16m ($42.4m) residential tower is to start in Juffair shortly. This 41-storey Burj Al Saraf, to be launched by Landmark Bahrain, will be a new landmark in Juffair area.

Key training for crane operators 
Training has started with one of the most important sections of the equipment for the new Khalifa bin Salman Port. The Rubber Tyre Gantry cranes (RTGs), which are used for moving containers around the yard at the port, have been commissioned and the operations department at APM Terminals Bahrain has begun training operators.

By: Staff Reporter
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