In Thursday's Middle East papers

11 September 2008 06:00  [Source: ICIS news]


Front page

Biggest experiment begins
International scientists celebrated the successful start of a huge particle-smashing machine on Wednesday which aims to simulate the conditions of the ‘Big Bang’.

Delhi has right to conduct N-tests: Mulford
India has the sovereign right to conduct nuclear test and that issue was never debated, the United States said on Wednesday.


Opec output cut boosts oil
Oil prices rebounded back above $100 on Wednesday after Opec agreed to cut its output by half a million barrels a day to stem “dramatic” falls in the market.

Lehman posts $3.9bn loss, to sell assets
Ailing investment bank Lehman Brothers announced on Wednesday a series of asset sales to shore up its finances as it posted an estimated $3.9bn quarterly loss.


Front page

Bush authorizes commando raids in Pakistan: report
President George Bush secretly approved orders in July that for the first time allow US special forces to carry out ground assaults inside Pakistan without the approval of the Pakistani government, The New York Times reported on Thursday.

Scientists beaming after test of big atom smasher
A small blip on a computer screen sent champagne corks popping among physicists in Switzerland. Near Chicago, researchers at a “pajama party" who watched via satellite let out an early morning cheer.


Strike to hit Gulf deliveries: Boeing
US plane-maker Boeing Company said a prolonged strike by workers at its production plants could further delay the debut of 787 expected in the fourth quarter 2008, and impact on-time deliveries to Gulf airlines.

Property stocks among big losers on DFM
Property stocks were among the big losers in Dubai on Wednesday after Shariah-compliant Tamweel confirmed the detention of its deputy group chief executive.


Front page

Assembly report calls for labour authority
The Research Department at the General Secretariat of the National Assembly has proposed the establishment of a higher public authority for labour, apart from the Ministry of Social Affairs and Labour, to curb visa trading in Kuwait.

Duststorm tied to high humidity
Isolated low pressure gave rise to severe thunderstorms in the North Western and North Eastern borders of Kuwait, said Essa Ramadan, Meteorologist and Superintendent of Stations and Upper Air Division at Kuwait Meteorological Department.


OPEC to keep oil flowing as prices fall 
Oil producer group Opec, which pumps 40% of world crude, is to keep its production unchanged at a meeting here on Tuesday, the group’s president said, despite sinking prices and slowing economic growth.

KEC below $100 on softening fundamentals, strong dlr 
In its latest economic brief on the oil market and budget developments, NBK reports that bearish sentiment in global crude oil markets continued into September, with the price of Kuwait Export Crude (KEC) crashing back below the $100/bbl mark to reach $98 by September 8th  including a record one-day fall of $9.6 on September 2nd.


Front page

Qur’an memorizers honoured
Outstanding memorizers of the holy Qur’an from centers in Asia, Africa, Europe, Australia and South America were honoured during a ceremony organized by the Holy Qur’an Memorization International (HQMI) at Lailaty Hall here.

Editorial: Israel a law unto itself
On his way to court to face serious charges of corruption, Ehud Olmert is seized by an Iranian special forces team and transported immediately to the International War Crimes Tribunal in The Hague.


Prices fall even as OPEC cuts output -White House disagrees with decision
Oil prices fell in jittery trading yesterday, as the strengthening dollar and signs of a slowing economy outweighed inventory drops and the Organization of Petroleum Exporting Countries’ (OPEC) cutback of excess production.


Front page

Iran tells UN to end Iraq’s Chapter VII status
In separate meetings with UN envoy to Iraq Staffan de Mistura, high-ranking Iranian officials asked the United Nations to make efforts to remove Iraq from the provisions of Chapter VII of the UN Charter.

Land artist Nadalian to tour South Africa
Iranian land artist Ahmad Nadalian left Tehran on Tuesday for a 16-day sojourn in South Africa to perform a series of artistic earthworks.


Soaring costs hit Japanese economy: official data
Japan was hit by more bad economic news on Wednesday as rising energy costs shaved the current account surplus and wholesale prices grew at their fastest pace in nearly three decades.

Russia’s economic expansion slowed in second quarter
Russia’s economy expanded at a slower pace in the second quarter as lower investment and the strong ruble hurt domestic producers.


Front page

US sees 'endgame' in Iraq 
The US defence secretary has said that the country has reached the "endgame" in Iraq, but warned that troop reductions there should be undertaken with caution.

Pakistan condemns US attack 
Pakistan's military chief has lashed out at the US air assault from Afghanistan that killed civilians inside Pakistan last week, saying his country's sovereignty would be defended "at all cost".


Lehman losses hit world stocks 

World stocks have slipped after Lehman Brothers, the fourth largest US investment bank, reported a massive third-quarter loss of about $4bn.

Opec agrees to cut oil output  
Opec oil ministers have agreed to curb their collective output by more than 500,000 bbl/day.


Front page

All sides hail Sleiman's invitation to dialogue
President Michel Sleiman's announcement that national dialogue meetings will kick off on September 16 triggered a flurry of positive responses from all across the political spectrum on Wednesday.

Fadlallah urges women to enter politics: 'Strength means responsibility'
Senior Shiite cleric Sayyed Mohammad Hussein Fadlallah stressed on Wednesday the right of women to become involved in politics and urged the Lebanese people to rebel against "anyone who obstructs the building of a strong Lebanese state".


No Egyptian gas for Lebanon until at least January - minister
Energy and Water Minister Alan Tabourian said on Monday that promised Egyptian natural gas supplies to Lebanon had been delayed to January 2009.

Bank Audi paints mixed picture of Syria's economic outlook
Bank Audi released on Monday its annual economic report on Syria.


Front page

Action on bus death 
Several people are to be reported to the Public Prosecut-ion following a government probe into the death of a Bahraini boy, after being locked aboard a school bus in the searing heat.

Bahrain 'the best place to live and invest in' 
Bahrain has been named one of the world's best places to do business and to live. It ranks as the 18th easiest country worldwide to do business and fourth in the top 10 choices of Britons looking to settle abroad.


Bahrain boost 
More countries are accepting the Bahrain Model for entrepreneurship development, it was revealed yesterday.

Top global rating for business in Bahrain 
Bahrain has been named the 18th best place in the world to do business. Bahrain and Saudia Arabia, at 16, are the only two GCC states to feature in the top 25 in the The World Bank and International Finance Corporation (IFC) Doing Business report.

By: Staff Reporter
+44 20 8652 3214

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