In Wednesday's Middle East papers

19 November 2008 05:18 [Source: ICIS news]

Front page

Guardians of peace, catalysts of growth
His Majesty Sultan Qaboos Bin Said, Supreme Commander of the Armed Forces, presided over the military parade held at the military parade ground in Muaskar Al Murtafa’ah on Tuesday evening to mark the Sultanate’s 38th glorious National Day celebrations.

Shura session on Monday
Majlis A’Shura will hold its second session of the second annual sitting of the sixth term on Monday under the chairmanship of HE Sheikh Ahmed Bin Mohammed Al Isa’ee, Chairman of the Majlis A’Shura.

Business

Banks, economy woes hit stocks
Global shares fell again on Tuesday, battered by growing prospects of a deep global recession and one of the biggest job cut plans in history at Citigroup.

PEIE projects’ growth soars 149%
The industrial regions under the Public Establishment for Industrial Estates (PEIE) have recorded RO2.5bn of investments by the end of the fiscal.

KHALEEJ TIMES

Front page

Saudis wait for contact from pirates over hijacked super-tanker
The operators of a hijacked Saudi super-tanker carrying 100m dollars of oil were waiting on Wednesday for further contact from the Somali bandits who staged their biggest act of piracy yet.

US commander hopes Obama moves quickly on Afghan
The commander of US forces in Afghanistan expressed hope on Tuesday that the incoming administration of president-elect Barack Obama acts quickly to provide more US troops for Afghanistan.

Business

UAE unveils three-year economic plan
UAE Minister of Economy Sultan bin Saeed Al Mansouri unveiled on Tuesday a strategic plan to stimulate the economy, and said a series of proactive measures taken by the government would ensure that the country recovers from the global financial turmoil earlier than the rest of the world.

ECFT signs contract with Abu Dhabi Aviation
Emirates-CAE Flight Training (ECFT) has signed a contract with Abu Dhabi Aviation (ADA) the regions largest commercial helicopter operator, to train ADA’s Bell 412 helicopter pilots over three years at ECFT in Dubai.

ARAB TIMES

Front page

Four governments, five parliaments … help us Sheikh Sabah
Four governments and five parliaments have come and gone. While the incumbent Parliament is the worst, the current government is weaker than its predecessor.

Gulf Bank lost $1.4bn
Kuwait’s Gulf Bank revealed on Monday that it lost a total of 375m dinars ($1.4bn) on derivatives deals.

Business

Most Gulf bourses rebound, Kuwaiti index edges lower
Most Gulf Arab bourses rose on Monday with Dubai real estate and property shares soaring as investors searched for bargains following recent declines.

Alafco board plans 5% cash dividends, bonus shares
General Meeting of the Aviation Leasing and Financing Company (ALAFCO) will be held on Dec 17 at 10 am in the Chamber of Commerce and Industry of Kuwait, to discuss the recommendation made by the Board of Directors for the financial year ending Sept 30, 2008.

ARAB NEWS

Front page

Fireproof tents to be built in Arafat
Habeeb Zainul Abideen, undersecretary at the Ministry of Municipal and Rural Affairs, has emphasized the government’s plan to establish permanent tents in Arafat.

Asir girl seeks judicial intervention to establish paternity
A nine-year-old girl whose father claims she is illegitimate is planning to appeal to the Supreme Judicial Council to reopen her case to establish she is his child using DNA testing.

Business

NATCO Al-Rushaid working on transfer of technology
The Saudi Arabian International Oil & Gas Exhibition & Conference opened yesterday at the Dhahran International Exhibition Centre.

SABIC sings deal for elastomers project
Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical have signed a Heads of Agreement (HOA).

TEHRAN TIMES

No new updates

ALJAZEERA

Front page

Iraqi PM defends US troop pact
Iraq's prime minister has defended a pact to keep US forces in his country until the end 2011.

Somali pirates seize another ship
Somali pirates have struck again in the Gulf of Aden, hijacking another ship a day after seizing a Saudi oil super tanker with a cargo worth $100m.

Business

US car makers plead for bailout
The three biggest US car makers have pleaded with congress for $25bn in aid to save their businesses, warning that their collapse would further damage the ailing US economy.

Paulson: US bailout 'no panacea'
Henry Paulson, the US treasury secretary, has defended his management of the recent $700bn government financial bailout, saying the funds were "not a panacea" to cure the country's economic problems.

THE DAILY STAR

Front page

Berri urges Kuwait to mediate between Syria, Saudi Arabia
Parliament Speaker Nabih Berri urged Kuwait's emir on Tuesday to play a role in achieving a rapprochement between Syria and Saudi Arabia.

Israeli troops go home after caught in act of violating Blue Line
An Israeli Army patrol crossed into Lebanon on Tuesday but withdrew after being detected by UN peacekeepers, the Lebanese Army said.

Business

Bassil refuses to hang up on plans to revamp cellular sector
Telecommunications Minister Jebran Bassil on Tuesday accused his opponents of trying to torpedo his efforts to rehabilitate the cellular networks.

Drivers' unions call strike for better benefits
Most taxi and bus-drivers' unions in Lebanon declared on Tuesday a two-day strike to press the government to improve the government benefits of the drivers.

GULF DAILY NEWS

Front page

Safety net for banks
Bahrain is to set up a safety-net fund to guarantee bank customers' deposits in the event of a collapse.

New parliament row
Parliament's session was suspended yesterday, after chaos erupted amongst MPs angry over absent ministers.

Business

CBB hails solid rating for Bahrain economy
The Central Bank of Bahrain (CBB) yesterday welcomed the Standard & Poor's global vote of confidence for Bahrain's economic performance and management of the domestic economy.

Unicorn Investment Bank acquires American firm
Unicorn Investment Bank has acquired a regional work over services provider to oil and gas exploration companies in the US.
By: Staff Reporter
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