In Friday's Middle East papers

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

OMAN TRIBUNE

Front page

UN suspends Gaza aid
The United Nations announced it was suspending food distribution to half of Gaza’s 1.5m people on Thursday after Israel failed to allow emergency supplies into the Palestinian territory.

Iranian diplomat kidnapped in Peshawar
Gunmen abducted an Iranian diplomat in Peshawar on Thursday.

Business

Germany slips into recession; global stocks take beating
Global stock markets mostly fell on Thursday on news that the German economy was officially in recession and after heavy losses in Asia and overnight on Wall Street.

Oil claws back from $50.6; Opec plans special meeting
Oil prices rose on Thursday after an Opec source said the oil producers cartel was “very likely” to hold an emergency output meeting later this month.

KHALEEJ TIMES

Front page

US slams Russian missile threats
The United States views Russian threats to place tactical missiles in the Baltic enclave of Kaliningrad as provocative and misguided, US Defence Secretary Robert Gates said on Thursday.

US civilian cargo aircraft crashes in western Iraq
A US civilian cargo aircraft with between four and six people on board crashed shortly after take-off in western Iraq on Thursday, the US military said, adding that there were no immediate details on casualties.

Business

Abu Dhabi well positioned for infrastructure investments
While banks’ liquidity in the Gulf region has been affected by the global credit crisis and the region’s central banks have launched measures to shore up confidence. The crisis has placed Abu Dhabi in an ideal situation, where it can use its surplus cash for launching projects.

2.5% for BCCI investors
The Liquidation Administration of the UAE Branches of Bank of Credit & Commerce International (BCCI) S.A. Luxembourg has said that a seventh interim dividend of 2.5% to creditors will be distributed in December 2008.

ARAB TIMES

Front page

Amir urges dialogue to tackle challenges
His Highness the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah called Wednesday on leaders of the world to embark on dialogue between people, religions and cultures to address numerous challenges like terrorism, drugs and discrimination.

‘Security officer puts Kuwait in danger’
“The case of a state security officer accused of accepting bribes at the expense of national security is a clear indication that Kuwait is in danger,” MP Ali Al-Deqbasi said Wednesday when the Parliament discussed the contents of the Amiri speech.

Business

Most Gulf markets tumble as huge sell-off continues 
Most stock markets in the Gulf states tumbled on Wednesday for the fourth day running as a sell-off continued on concerns over the global economy. 

Kuwaiti central bank to launch fresh investment portfolio 
Central Bank of Kuwait (CBK) Governor Sheikh Salem Abdulaziz Al-Sabah said here Wednesday the bank would launch an investment portfolio to improve local companies’ conditions.

ARAB NEWS

Front page

Prince Faisal lauds role of Arab thought foundation
Prince Faisal bin Sultan, the secretary-general of Prince Sultan Bin Abdul Aziz Foundation, commended the leading role of the Arab Thought Foundation and its fundamental task in enriching cultural development in the Arab world.

Streamline home health care, says Princess Adilah
Princess Adilah bint Abdullah has said that there is a pressing need for streamlining home health care.

Business

All eyes on G-20 meeting
When the leaders of the G-20 countries, including Saudi Arabia, meet this weekend for an emergency summit on the global financial crisis, it will be the largest gathering of presidents and prime ministers here since NATO’s 50th anniversary celebration in 1999.

Kingdom stands vindicated after IEA report on Ghawar
When Fatih Birol announced that he and his team, while compiling their much awaited annual analysis of the energy world The World Energy Outlook  would also undertake field by field analysis of the historical production trends of 800 major oil producing fields of the world on which the world is dependent for its energy supplies every one was taken by surprise.

TEHRAN TIMES

No new updates

ALJAZEERA

Front page

Bush warns of 'global meltdown' 
George Bush, the US president, has warned of a "global meltdown" in the world economy unless action is taken, while defending the unregulated, free-market capitalism that many critics and world leaders have blamed for the crisis.

Israel stops Gaza aid delivery 
The United Nations is to suspend its food distribution effort to the Gaza Strip after Israel said it would not allow emergency supplies into the Palestinian territory, a UN spokesman has said.

Business

Germany falls into recession 
Germany, estimated to be the world's largest exporter, has officially fallen into recession, the latest government data has shown.

China factory output slows 
China's industrial output has slipped to a seven year low as the global economic slowdown continues to batter the world's fourth largest economy, eroding demand for Chinese exports and causing manufacturers to throttle back on production.

THE DAILY STAR

Front page

Miliband lauds Syrian-Lebanese ties, but 14 March not so sure
British Foreign Secretary David Miliband, who is expected to visit Lebanon next week, praised Damascus on Thursday for having opened diplomatic relations with Lebanon.

Palestinian forces seize explosives cache in Beddawi
Palestinian security forces in the Beddawi refugee camp seized explosives from the home of a captured Islamist militant on Wednesday night, finding "all the equipment needed to make a bomb," an intelligence source told The Daily Star.

Business

Salameh issues call for Arab monetary union
Banque du Liban Governor Riad Salameh on Thursday recommended a single currency for the Arab countries and further expansion of the banks in the region to counter the negative effects of the global credit crunch.

MIT forum launches competition for best business plan
The MIT Enterprise Forum of the Pan Arab Region launched on Thursday a competition on the best business plan in the region for 2008 and 2009.

GULF DAILY NEWS

Front page

11 hurt in lift plunge 
11 workers escaped serious injury yesterday when an elevator they were allegedly ordered to test plunged 45 floors to the ground.

Children hurt in school bus crash horror 
Three children were lying badly hurt in hospital last night after their school bus crashed into a truck on Shaikh Khalifa bin Salman Highway.

Business

Bail-out 
Kuwait yesterday launched a bailout fund for investment firms as shockwaves from the global financial crisis spread.

Global crisis blow for Dubai property sector 
Dubai property shares plunged and its biggest private developer slashed jobs this week as the global financial crisis tightened its grip on the emirate, until now synonymous with the GCC real estate boom.

By: Staff Reporter
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