In Friday's Middle East papers

17 April 2009 05:00  [Source: ICIS news]


Front page

Bolkiah leaves after HM hosts banquet
His Majesty Sultan Qaboos Bin Said hosted a banquet at Bait Al Barakha in honour of Sultan Haji Hassanal Bolkiah of Brunei Darussalam and his delegation.

Mitchell pushes for two-state solution
US President Barack Obama's Middle East envoy George Mitchell pressed the two-state solution to sceptical officials in Israel on Thursday, while hawkish new Prime Minister Benjamin Netanyahu demanded that the Palestinians recognise Israel as a Jewish state.


Chinese Q1 growth slides to lowest ever at 6.1%
China struggled out of the gate this year with its weakest quarter on record, but a pick-up in March showed the world's third-largest economy was on track for stronger growth in coming months.

JPMorgan posts $2.1bn net, offers hope for recovery
JPMorgan Chase on Thursday reported a net profit of $2.1bn in the first quarter of 2009, offering more hope for a recovery in a banking sector battered by a housing and credit crisis.


Front page

Japan, United States pledge 2bn dollars for Pakistan
Japan and the United States on Friday pledged to provide 1bn dollars each to Pakistan.

US envoy to meet Abbas, pushes two-state solution
US President Barack Obama's envoy to the Middle East was set to meet Palestinian leader Mahmud Abbas in the West Bank on Friday after pressing a two-state solution to sceptical officials in Israel.


Consortium withdraws from $1.3bn Dubai Airport Project
Al Habtoor Leighton group and its joint venture partners have come to an agreement with the Dubai Department of Civil Aviation to withdraw from a $1.32bn contract to build the Dubai Airport's Concourse 3, Leighton said on Thursday.

Aabar completes $253m acquisition of AIG Private Bank
Abu Dhabi-based Aabar Investments has completed the acquisition of AIG Private Bank Ltd from world's largest insurance company AIG for $253m. The Zurich-based financial institution will work under the name of Falcon Private Bank.


No new updates


Front page

Tolerance, freedom of expression to dominate Fiqh council debate
Religious tolerance under Shariah and the freedom of expression are expected to dominate deliberations at the 19th International Islamic Fiqh Academy (IIFA) in Sharjah later this month.

Talks at a dead end, says Israel
Israeli Foreign Minister Avigdor Lieberman yesterday bluntly told US special envoy to the Middle East George Mitchell that a different approach was needed to resolve the Middle East conflict.


Sharjah eyes more Saudi travellers
Sharjah, which attracted over 105,000 Saudi tourists in 2008, expects many more travellers to tour the emirate this year.

Crude producers deserve better treatment
The old mind set was visibly at work. Branding the OPEC as the black sheep — the villain of the world — painting the producers in black — has been a favourite pastime.


No new updates


Front page

No charges over CIA water boarding
Barack Obama has said that intelligence officials who used water boarding and other harsh interrogation techniques on so-called terrorism suspects will not be prosecuted for their actions.

Anti-Thaksin Thai leader shot
The leader of Thailand's Yellow Shirts protest movement, which was behind the week-long occupation of Bangkok's airports late last year, has been shot and wounded.


No new updates


Front page

Siniora: Cautious policies helped stave off financial crisis
Lebanon has weathered the world's worst financial crisis in decades thanks to sound government policies and cautious regulation, Prime Minister Fouad Siniora said on Thursday, as he offered a positive forecast for Lebanon's future economic growth.

Berri urges Romania to help rein in Israel
Speaker Nabih Berri on Thursday urged Romania, "through its role in the European Union, to lead a campaign to put an end to Israel's occupation, aggressions and threats against Lebanon."


MENA telecoms need liberalisation - Hasbani
Ghassan Hasbani, partner and vice president of Booz Allen Hamilton in Lebanon, criticised on Thursday the absence of telecom liberalisation in the Middle East and North Africa (MENA), saying this made this sector lag behind the rest of the world in terms cost and efficiency.

Harley-Davidson to cut a further 400 jobs after fall in sales
US motorcycle maker Harley-Davidson said on Thursday it would cut an additional 300 to 400 jobs over the next two years to realign its production with softer demand.


Front page

Proud history of trading
Prime Minister Shaikh Khalifa bin Salman Al Khalifa yesterday visited Hussein bin Ali Yateem and discussed trade issues.

Tragedy at sea
The body of a Bahrain-based fisherman, who went missing nearly three weeks ago, was found on a beach in Dammam, it emerged yesterday.


Islamic banks eye major Iran push
Several foreign banks see huge untapped opportunities in Iran for Islamic finance, spurred on by hopes US President Barack Obama's new approach towards the Islamic Republic will end years of sanctions hampering business.

China eyes recovery
Hopes that China's slowest quarter on record could mark a bottom to the global crisis were echoed in European car sales and US bank results yesterday but weak US housing data reflected the downturn's tenacity.

By: Staff Reporter
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