In Thursday's Middle East papers

12 March 2009 05:00  [Source: ICIS news]


Front page

Riyadh summit vows joint Arab action
A summit between Syrian President Bashar Al Assad and the Custodian of the Two Holy Mosques, King Abdullah Bin Abdulaziz of Saudi Arabia, Egyptian President Hosni Mubarak and Kuwaiti Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah ended on Wednesday with a pledge for a uniform approach to Arab issues, but a joint statement did not mention Lebanon, addressing mainly the Israeli-Palestinian conflict.

Hamas demands right to choose prime minister
Hamas said on Wednesday it would demand the right to choose the next Palestinian prime minister and a majority of cabinet seats in any unity government with Palestinian President Mahmoud Abbas’s Fatah faction.


Oil falls under $44 on weak demand, rising inventories
Oil fell 5% to below $44 on Wednesday on further signs of weak global demand and rising inventories in top consumer the United States.

Total will have no active role in gas project: Iran
A top Iranian official said on Wednesday that French energy giant Total will have no "active role" in developing a huge gas field in Iran and that a new partner had been found for the project.


Front page

Iraq forces can cope after US withdrawal: Maliki
Security forces in Iraq will be able to control the country when US forces withdraw, Iraq Prime Minister Nuri al-Maliki said on Thursday, despite successive bombings which killed scores of people this week.

Pakistan activists to launch nationwide protest
Pakistani lawyers and activists were set to set out on a "long march" from Karachi to Islamabad on Thursday, defying a ban on demonstrations as they try to force the government to reinstate sacked judges.


Gulf firms look beyond crisis and plan for growth
In spite of a harsher economic reality, many businesses in the Gulf see opportunities to grow over the long term by acquiring other firms and diversifying into non-traditional markets, executives from the region said on Wednesday.

Dubai’s property sector seen stronger after crisis
Dubai could emerge from the economic crisis stronger and more transparent as a result of a slew of measures currently being implemented by the government, leading legal and financial experts said.


No new updates


Front page

Universities offer enough places, says Al-Anqari
Higher Education Minister Khaled Al-Anqari said yesterday the new universities opened in different parts of the Kingdom would help accommodate more students, including those who have already joined foreign universities.

Riyadh summit focuses on reconciliation efforts
Custodian of the Two Holy Mosques King Abdullah held talks yesterday with Syrian President Bashar Assad, Egyptian President Hosni Mubarak and Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to seek "ways of achieving reconciliation in order to unify Arab ranks," according to the Saudi Press Agency.


Chinese buses launched
Five new models of Higer luxury buses for domestic and international travel were launched here on Monday night.

Al-Barrak named new Zain CEO
A high-profile IT expert and CEO of telecom giant Zain Saudi Arabia resigned yesterday.


No new updates


Front page

Germany in mourning after rampage
Angela Merkel, the German chancellor, has called the killing of 15 people by a teenager an incomprehensible crime that has left her nation in mourning.

Alabama shooter had 'revenge list'
A man who killed 10 people and himself in an hour-long rampage in Alabama had been keeping a list of people who he had a grievance with, officials say.


No new updates


Front page

Lebanon's top three leaders broker deal on state budget
Lebanon's three top officials met on Wednesday in a bid to solve controversies surrounding the country's state budget which has yet to be ratified.

Saudi-Syrian thaw in ties 'benefits' Lebanon
Lebanon should reap a measure of long-elusive stability from the past week's diplomatic courting of Syria by the US and Saudi Arabia, a number of analysts told The Daily Star on Wednesday.


ICT-sector growth remains far 'below the potential' in Lebanese market
The Information and Communication Technology (ICT) sector growth in Lebanon is still below the potential of the Lebanese people and the Lebanese market based on the role they can play in the region, general manager of Cisco in the Levant region Fadi Moubarak said on Wednesday.

Lebanon to launch tender to expand Beirut Port
Public Works and Transport Minister Ghazi Aridi said on Wednesday that the government would launch a tender on 30 April to expand Beirut Port at a cost of $120m.


Front page

Bankers' arrest 'a $500m blunder'
The arrest of two Bahrain-based bankers was a $500m "blunder" by "panicking" banking officials in Dubai, say legal sources.

Drivers defying seat belt rules
Eighty percent of drivers in Bahrain are defying the seat belt law, a top traffic official has revealed.


New Albaraka blitz for unified group identity
Albaraka Banking Group launched a drive to implement new unified corporate identity across its subsidiaries. It announced the appointment of Intermarkets Bahrain as their communications consultant yesterday at a signing ceremony hosted at their head office in the Diplomatic Area.

Trafco registers $5.6m profit despite turmoil
The General Trading and Food Processing Co (Trafco) achieved a net profit of more than BD2.1m ($5.6m) last year.

By: Staff Reporter
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