In Tuesday's Middle East papers

23 September 2008 06:30  [Source: ICIS news]

 

OMAN TRIBUNE

Front page

US oil up $16 in biggest jump as stocks crash
Oil rose 15.7% the biggest jump in 10 years extending a US rally sparked by Friday’s announcement of the banking rescue plan and a fall in the dollar.

Delhi blast probe moves to Karnataka
A day after Delhi Police claimed to have cracked the Delhi serial blasts case, investigations have now moved to the south of the country.

Business

Asian stocks extend gains as worries cloud Europe shares
European stocks halted a rally in world equities on Monday and the dollar fell as jittery investors awaited detail of Washington’s $700bn bailout to tackle the worst financial crisis since the Great Depression

PSC strikes RO0.54m deal with ACM
Port Services Corp. (PSC) on Monday signed a RO548,372m deal with Arabian Car Marketing Co. (ACM) for the purchase of 11 Kalmar Terminal Tractors Model PT 122.

KHALEEJ TIMES

Front page

IAEA faces obstacles in Iran, Syria
The International Atomic Energy Agency (IAEA) is facing obstacles in uncovering the truth about alleged past nuclear weapons projects in Iran, and about a Syrian site suspected of having been a secret nuclear reactor.

Human rights group reports on Saudi discrimination (Reuters)
Hundreds of thousands of Shia Ismailis in Saudi Arabia face state-sponsored discrimination and curbs on their religious freedom, Human Rights Watch said in a report on Monday.

Business

Bankers mull reduced credit growth
Bankers have called for a reduction in credit growth as the UAE Central Bank decided on Monday to set up a Dh50bn fund facility to help ease liquidity constraints in the country

Dubai shares retreat 2.5%
Dubai shares retreated 2.5% at 4,200.53 points on Monday on speculation that the bourse’s 9.9% gain on Sunday was overdone. Abu Dhabi’s main index jumped 1.7% to close at 4,014.47.

ARAB TIMES

Front page

Developments in region require vigilance of armed forces: Amir
His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, accompanied by His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and deputy head of National Guards Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, visited Kuwait Army Club on Saturday.

‘MoH keen on preventing smuggling of medicines’
Ministry of Health (MoH) is keen on cooperating with the Interior and Defence Ministries to prevent the smuggling of medications into Kuwait, said Health Minister Ali Al-Barrak on Sunday.

Business

CBK’s measures succeed in curbing loan growth to 3.2%
Measures taken by the Central Bank of Kuwait (CBK) since the beginning of 2008 have succeeded in curbing the growth in loans and cash credit facilities during the first eight months of the year.

Wataniya Airways in leasing deal for new A320 jet
Kuwait’s new airline Wataniya Airways said on Sunday it has signed a deal to lease one Airbus A-320 from International Lease Finance Corp. The plane, scheduled for delivery in May, is the seventh A-320 aircraft to be leased by Wataniya Airways, which plans to start operations next January.

ARAB NEWS

Front page

Thieves in the mosque Ramadan prayers offer extra cover for crooks
Taraweeh, which is a special prayer performed only during Ramadan, is the best way to achieve closeness to God.

New in Gulf: Bigger role for some first ladies
The first lady of Qatar walked up to the podium in a luxury hotel banquet room and sized up the crowd of mostly wealthy businessmen. "Do not be afraid to take risks and to try," she told them. "Think out of the box."

Business

Kingdom’s GDP grows 3.4% : SAMA
Saudi Arabia’s gross domestic product (GDP) grew by 3.4% in 2007 while its budget surplus in the year reached 12.3% of the GDP, according to the 44th annual report of the Saudi Arabian Monetary Agency (SAMA).

Two US investment banks change status
It was the end of an era on Wall Street as the Federal Reserve granted permission for the last two major US investment banks Goldman Sachs and Morgan Stanley to become bank holding companies in order to stay in business.

TEHRAN TIMES

Front page

IAEA has become a tool of the US
A senior Iranian envoy, Ali-Ashgar Soltanieh, accused the United States on Monday of trying to use the International Atomic Energy Agency as a tool in Washington’s confrontation with Tehran.

American scholar translates Rumi quatrains into English
An American psychologist and a former Afghan representative to the United Nations have translated all the quatrains of the Persian poet Molana Jalal ad-Din Rumi into English.

Business

Russian capital flight tops $10bn, inflation on rise: minister
The global financial crisis has so far cost Russia up to 15bn dollars in capital flight and may raise inflation up to 2% higher than foreseen, Finance Minister Alexei Kudrin said Sunday.

Bahmani, likely to become next CBI governor
The Secretary General of the Central Bank of Iran, Mahmud Bahmani, is a prospective figure to be appointed as the CBI’s new governor replacing Tahmasb Mazaheri.

ALJAZEERA

Front page

Volatile markets continue slide
Asian markets have opened lower after oil prices in the US jumped more than $25 a barrel to record their biggest ever one-day gain and US stocks took another beating amid the continuing global financial turmoil.

Injuries in Jerusalem car attack
About 15 people have been hurt at a busy Jerusalem intersection after a driver steered his car into a group of pedestrians, Israeli rescue services said.

Business

US investment banks seek protection
Goldman Sachs and Morgan Stanley, the last two major investment banks in the US, have become bank holding companies, a move which will give them easier access to credit and greater protection from the economic crisis.

Business

Economic rescue 'to cost billions'
The US treasury secretary has said rescuing the troubled US financial sector will cost "hundreds of billions" of dollars.

THE DAILY STAR

Front page

LAF officer plays down massing of 10,000 Syrian troops on border
Thousands of Syrian troops have amassed along the Lebanese border in what Damascus says is an effort to combat smuggling, Lebanese military sources said on Monday, stoking speculation and concern in Lebanon.

Aoun warns he may pull out of dialogue with 'corrupt people'
Reform and Change bloc leader MP Michel Aoun said Monday that he might walk out of the national dialogue because he could no longer deal with "corrupt people."

Business

Lebanon likely to face power shortages for years to come - expert
An energy expert said on Monday that Lebanon would continue to suffer severe power outages for many years to come if the government fails to find alternatives to costly fuel oil.

MEA immune to global financial meltdown – Hout
Middle East Airline (MEA) chairman Mohammad Hout said Monday that the global financial crisis had a limited effect on the national carrier.

GULF DAILY NEWS

Front page

Man charged with stabbing housemaid
A man who allegedly killed a housemaid by stabbing her in the neck with a screwdriver, was last night arrested. Police tracked down the Bahraini within 24 hours of the woman's body being discovered in Sitra.

Nurses reject 37pc pay rise
Leaders of Bahrain's 6,000 nurses yesterday dismissed pay rises averaging 37% as not good enough. The troubled Bahrain Nursing Society (BNS) says it will continue its fight for a better deal, despite the new BD5.7m a-year package announced by the Cabinet on Sunday.

Business

$1bn Investcorp fund eyes US property debts
Investcorp has launched a $1bn fund aimed at investing in loans in the US real estate market.

APM Terminals set to open Bahrain Gateway
APM Terminals Bahrain is planning an end-of-year operational launch for Bahrain Gateway, at Khalifa bin Salman Port in Hidd, it was revealed yesterday..

By: Staff Reporter
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