In Wednesday's Middle East papers

07 January 2009 05:00  [Source: ICIS news]

OMAN TRIBUNE

Front page

48 massacred as Israeli tank fire hits shelter; war toll rises to 660
Israeli shelling killed at least 48 Palestinians on Tuesday at a UN school where civilians had taken shelter, medical officials said, in carnage likely to boost international pressure on Israel to halt a Gaza offensive.

China launches mission against Somali pirates
A Chinese naval convoy arrived on Tuesday in the Gulf of Aden on a landmark mission to protect the country’s shipping from Somali pirates and escorted its first four vessels, state media reported.

Business

MISC, Aromatics Oman sign water supply deal
Majis Industrial Services Co (MISC) on Tuesday signed an agreement with Aromatics Oman (AOL) to supply 9,500 cubic metres of chlorinated and screened sea water per hour for the next 20 years.

Oil crosses $50 as tensions rise
Oil hit a one-month high above $50 a barrel on Tuesday as Israel’s incursion into Gaza and a dispute between Russia and Ukraine over natural gas heightened concern about supply disruptions.

KHALEEJ TIMES

Front page

Israeli tank fire kills 42 at UN school: Medics
Israeli tank shells killed more than 40 Palestinians on Tuesday at a UN school where civilians had taken shelter, medical officials said, in carnage likely to boost international pressure on Israel to halt a Gaza offensive.

Afghan peace calls stem from battle losses: Taliban
Afghanistan's Taliban said Tuesday that Kabul had called for peace talks with the insurgents because it and its foreign allies had been weakened by heavy battlefield losses.

Business

US housing, factories, services remain in slump
The slumping US housing, factory and service sectors produced more misery for the world’s largest economy in the last two months of 2008, as the year-old recession looked set to wear on into 2009.

Record growth for DGCX in 2008
The Middle East’s leading derivatives exchange underlined its offering with a robust overall performance in 2008.

ARAB TIMES

Front page

Consumers up in arms against sudden increase in meat prices
Market observers and consumers were surprised by the 20% increase in the prices of all types of meat after Eid Al-Adha when demand is supposed to be low, reports Al-Qabas daily.

‘Kuwait meet an opportunity to tackle world financial crisis’
A prominent political figure says the upcoming Arab economic summit will be an opportunity to discuss plans for coping with effects of the world financial crisis.

Business

Kuwait to host special Opec meet in Feb: Iran
Iran’s Opec representative Mohammad Ali Khatibi said on Monday that the organisation would hold an extraordinary meeting in Kuwait in February, state television website reported.

‘Private’ urged to help KSE
A recent economic study urged the private investment companies listed on Kuwait Stock Exchange (KSE) to adopt measures for enhancing the value of their shares.

ARAB NEWS

Front page

Israeli terror in Gaza overshadows US-Gulf forum
Israeli terrorism and the blindly biased US policy in the Middle East overshadowed deliberations at a high-profile forum on US-Gulf relations, which opened here with a call to intensify global efforts to end the brutal attacks and to establish an immediate cease-fire.

Massacre at refugee shelter
Israeli tanks opened fire on a school in the Gaza Strip where civilians had taken shelter, killing 43 of them and wounding dozens.

Business

Saudi stocks surge over 10% in four days
The Saudi stock market continued its upward trend in the first four trading days of this year.

Businesswomen seminar set
The Prince Sultan University College for Women (PSU-WC) has collaborated with INSEAD-Graduate Business School and will be hosting a seminar this month entitled, "Women Leaders in Organisations: Challenges, Tensions, and Trade-off."

TEHRAN TIMES

No new updates

ALJAZEERA

Front page

Israel kills dozens at Gaza school
Shells hit UN school sheltering hundreds of civilians in Jabaliya refugee camp.

Abbas urges action on Gaza
Palestinian leader says diplomatic delays would lead only to further tragedy in Gaza.

Business

Toyota announces production freeze
World's top automaker hopes to clear backlog of unsold cars as global demand plummets.

Global markets buoyed by optimism
Stimulus plans boost confidence but UN expected to issue grim economic report.

THE DAILY STAR

No new updates

GULF DAILY NEWS

Front page

UN House sit-in backs Gazans
Bahraini youngsters expressed their solidarity with the Gazans at a protest held in front of the United Nations House in Manama last night.

100 tonnes of New Year food wasted
More than 100 tonnes of food had to be dumped by Bahrain hotels due to the cancellation of New Year's Eve events, in support of war-torn Gaza.

Business

Bumpy ride ahead for Arab bourses
Arab stock prices are not likely to rebound strongly this year or early next year, investment bank Beltone Financial said.

Porsche buys majority shares in Volkswagen
German luxury sportscar maker Porsche has taken over Volkswagen, the biggest European car manufacturer, after purchasing more than 50% of VW shares.

By: Staff Reporter
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