In Wednesday's Middle East papers

12 November 2008 05:00  [Source: ICIS news]

OMAN TRIBUNE

Front page

His Majesty stresses integrity
His Majesty Sultan Qaboos Bin Said presided over the annual convening of the Council of Oman at the Council’s hall in Al Khuwair on Tuesday.

Fahd praises HM’s speech
Muscat HH Sayyid Fahd Bin Mahmoud Al Said, Deputy Prime Minister for the Council of Ministers, praised the contents of His Majesty Sultan Qaboos Bin Said’s Royal speech delivered by His Majesty at the Council of Oman affirming that His Majesty the Sultan has given a bright image for the present and future of this country and that every one will pursue the path identified by His Majesty the Sultan.

Business

Rolls-Royce launches new Phantom Coupe
Rolls-Royce Motor Cars on Tuesday officially launched the new Phantom Coupe in the Sultanate.

Salalah Tender Board meets
The Salalah Tender Board held a meeting on Tuesday under the chairmanship of Sheikh Abdullah Bin Seif Al Mahrouqi, Deputy Governor of Dhofar.

KHALEEJ TIMES

Front page

US still hopeful for security deal with Iraq
A senior US Embassy official says the US is hopeful it can finalize a security agreement with Iraq that will be suitable for both governments.

Egypt Bedouin briefly kidnap 25 police in Sinai protest
Armed Bedouin tribesmen on Tuesday briefly kidnapped a truckload of 25 Egyptian policemen in northern Sinai in protest at the killing of one of their number, a security official said.

Business

Markets fall on property turmoil
UAE markets were pummelled on Tuesday as continuing uncertainty over the extent of the UAE’s exposure to the global financial crisis and concerns over the state of the property sector unnerved investors.

‘Dubai and Abu Dhabi are Interdependent’
Abu Dhabi won’t allow Dubai’s government-owned companies to default on debt payments because of the emirate’s commitment to UAE federation, Abu Dhabi Commercial Bank Chief Executive Officer Eirvin Knox said.

ARAB TIMES

Front page

Egypt says has found pyramid built for ancient queen 
Egyptian archaeologists have discovered a pyramid buried in the desert and thought to belong to the mother of a pharaoh who ruled more than 4,000 years ago, Egypt's antiquities chief said on Tuesday.

Saudi government sues tobacco importers 
The Saudi health minister says his government has filed a $34bn lawsuit against local tobacco importers.

Business

Highest profit growth in realty sector; Banks boom amid market decline 
Amid tumbling stock markets and rising concerns of a global economic recession, earnings releases for the third quarter of 2008 of companies listed on Kuwait Stock Exchange (KSE) keep pouring in as companies approach the deadline for providing their financial statements for the third quarter ending September 30th.

NBK vows to continue supporting investment clients 
National Bank of Kuwait (NBK) stressed Monday that it will continue supporting its investment company clients.

ARAB NEWS

Front page

Asir parents in a quandary over ‘full abaya’ for schoolchildren
When an eight- or ten-year-old girl is told that she should cover her entire body from head to toe as an adult woman is supposed to do then immediately the child’s mother asks why.

Dad gets death for killing daughter
A Saudi man who was convicted of torturing his nine-year-old daughter Areej to death was sentenced to death by a Jeddah court yesterday. 

Business

Mobily cuts rates by half in latest promotion
Mobily subscribers, prepaid or postpaid, now enjoy halved rates on all Mobily national and international calls at any time of the day.

SALAMA forms alliance with NCB Capital
SALAMA Islamic Arab Insurance Company, said to be the world’s largest Takaful and Re-Takaful group, announced its strategic alliance with NCB Capital, the investment banking arm of National Commercial Bank (NCB), described as the region’s largest bank, in a bid to further promote the spread of Shariah compliant insurance solutions.

TEHRAN TIMES

Front page

Occupiers are helping smugglers on Iran’s eastern border: source
The occupying forces in Iran’s eastern neighbor are supporting smugglers, an informed source in the Interior Ministry told the Mehr News Agency on Tuesday.

Astan-e Qods to host art shows
Three exhibitions of artifacts will be held at the Astan-e Qods Razavi Library and Museum in Mashhad from November 12 to 20.

Business

Swedish inflation rate for Oct. down to 4%
Sweden’s annual inflation rate fell back to 4.0% in October from 4.4% in September, mainly due to lower fuel prices, the national statistics agency said on Thursday.

Greece keen to boost economic ties with Iran
Greek Minister of Development Christos Folias, in a meeting with Iran’s ambassador in Athens on Tuesday, called for the expansion of Tehran-Athens relations.

ALJAZEERA

Front page

UN: 100,000 without aid in DR Congo 
More than 100,000 refugees in the Democratic Republic of Congo have been cut off from humanitarian aid behind rebel lines, the UN secretary-general says.

Rwanda expels German ambassador 
Rwanda has ordered the expulsion of the German ambassador to the country and recalled its own from Berlin after a senior government officials was arrested, Al Jazeera understands.

Business

China to get $600bn economy boost 
The Chinese government has announced a nearly $600bn stimulus package to boost its economy amid recession fears following the global financial crisis.

Fannie Mae warns of insolvency 
Fannie Mae, the troubled US mortgage finance giant, has said that the $100bn bailout it recieved from the US government may not be enough to keep it solvent.

THE DAILY STAR

Front page

Nasrallah urges timely elections, wider dialogue
Hizbullah leader Sayyed Hassan Nasrallah said Tuesday that it was crucial for Lebanon's 2009 legislative elections to be held "on time." "Not holding the elections or postponing them would be very dangerous," Nasrallah said in a speech to mark Martyrs Day that was broadcast via video link.

Hariri asks Moussa for inquest into Fatah al-Islam claims
Parliamentary majority leader MP Saad Hariri officially called on the Arab League Tuesday to form a fact-finding commission to look into "confessions" broadcast by Syrian state television last week by alleged Fatah al-Islam members responsible for a deadly September car bombing in Damascus.

Business

Aridi promises not to clip MEA's wings
Public Works and Transport Minister Ghazi Aridi pledged on Tuesday to protect Middle East Airlines (MEA), including efforts to extend its exclusive right to operate as Lebanon's national carrier until at least 2012.

Salameh advises caution to fend off worldwide recession
Banque du Liban Governor Riad Salameh said on Monday that Lebanon should be extra-cautious in the near future because the world will experience a deep recession.

GULF DAILY NEWS

Front page

A new era for women 
Her Highness Shaikha Sabeeka bint Ibrahim Al Khalifa yesterday hailed a new era for Arab women.

Ministers' row hits parliament 
Parliament's session yesterday was almost cancelled minutes after it began when a number of MPs refused to stop shouting, demanding that action is taken against two ministers, after being denied access to government documents.

Business

Turmoil 'may usher in too many regulations' 
In the wake of the global economic downturn the world will probably adopt a bit too much regulation, Finance Minister chairman Shaikh Ahmed bin Mohammed Al Khalifa told delegates at a financial conference yesterday.

Food prices set to drop say traders 
Market food prices have dropped by 50 to 70% compared with July and August, a trader said yesterday.

By: Staff Reporter
+44 20 8652 3214

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