In Monday's Middle East papers

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


Front page

Shura hosts Khalili
The Shura Council on Sunday held the ninth session of its second annual sitting of the sixth term under the chairmanship of HE Sheikh Ahmed Bin Mohammed Al Isa’ee, Chairman of the Council.

Mitchell holds ME truce talks with Saudi king
US special envoy George Mitchell discussed Middle East peace efforts with Custodian of the Two Holy Mosques King Abdullah Bin Abdulaziz Al Saud of Saudi Arabia on Sunday on the latest leg of a regional tour aimed at reigniting the peace process.


Another bank crisis unlikely: Geithner
US Treasury Secretary Timothy Geithner does not see a second wave of banking collapses and the government is ready to support capital-raising when needed, a Japanese newspaper said on Sunday.

UBS likely to get rid of accounts for undeclared European cash
Swiss bank UBS, under pressure from an international campaign against tax evasion, wants to drop accounts for undeclared cash from Europe Union clients, Sonntagszeitung newspaper reported on Sunday.


Front page

UN racism meet to begin in disarray
UN chief Ban Ki-moon was due to open an anti-racism conference on Monday that was overshadowed by a Western walkout and fears that Iran’s president will launch another verbal onslaught on Israel.

Reaching out to enemies strengthens US: Obama
Defending his brand of world politics, President Barack Obama said on Sunday that he "strengthens our hand" by reaching out to enemies of the United States and making sure that the nation is a leader, not a lecturer, of democracy.


Mohammed’s assertion on economy lifts stocks
Dubai shares rose on Sunday as investors cheered the assertion of His Highness Shaikh Mohammed bin Rashid Al Makthoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, that the emirate has endured the worst of the economic crisis.

Dubai house prices down 42%; further drop seen
House prices in Dubai have dropped by as much as 42% in the last six months, and are likely to fall further as new supply is coming in amid faltering demand, property consultant Colliers CRE Plc said.


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Front page

Audit bureau seeks king’s support for its mission
Osama Faqeeh, head of the General Auditing Bureau, yesterday met Custodian of the Two Holy Mosques King Abdullah and sought his full support for the bureau to carry out its mission effectively.

US rejects Netanyahu’s peace talks condition
The United States rejected Israeli Prime Minister Benjamin Netanyahu’s demand that the Palestinians recognise Israel as the state of the Jewish people as a condition for renewing peace talks between the two sides, a report said yesterday.


George: Who put Britain on Islamic finance map
Lord Edward George, the former governor of the Bank of England, died on Saturday aged 70 after a long battle with cancer, the Bank of England announced.

Gulf investors to launch $10bn Islamic bank
Gulf investors are launching a new $10bn Islamic bank and plan a $3bn initial public offering (IPO) in the fourth quarter to tap growing interest in Shariah-compliant institutions, bank executives said yesterday.


Front page

Switzerland offers to facilitate dialogue between US and Iran
Switzerland is ready to facilitate dialogue between the United States and Iran, says Swiss diplomat Livia Leu Agosti, the only woman ambassador in Tehran.

Former TMCA curator’s book on Iranian modern art unveiled
A book on Iranian modern art written by the former curator of the Tehran Museum of Contemporary Art, Alireza Sami-Azar, was unveiled during a ceremony at the Iranian Artists Forum (IAF) on 18 April.


Share support scheme unveiled in Japan
Japan's ruling Liberal Democratic Party on Saturday unveiled details of its proposed Y50,000bn scheme to allow the government to buy shares from the market if share prices fall to an extent that is seen as an economic emergency.

Extreme uncertainty in world economic outlook: OECD
The world economy remains in a state of  "extreme uncertainty" despite some signs of improvement in isolated economic indicators, OECD Vice Director General Pier Carlo Padoan told Reuters on Saturday.


Front page

Obama optimistic on Americas ties
Barack Obama has said that Cuba and Venezuela, as well as the United States, must match words with deeds if they are to thaw their relations.

Poor turnout mars Haiti elections
Haiti's long-delayed senate elections have been marred by extremely poor voter turnout.


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Front page

Council backs down over Seef project
A Council yesterday backed down in a row over a multi-million dinar project in Seef - as long as the developer provides housing for nearby villagers and reduces it to a quarter of its original height.

Court set to rule on jail appeal
A Court will soon rule in the trial of an American drug dealer, who is appealing against his 10-year jail term.


Middle East financial services sector robust
The financial services sector in the Middle East remains robust and is better positioned to bounce back from the global economic downturn than elsewhere in the world.

Gas 'powers Qatar economic growth'
Qatar's economy made massive strides last year as gas production enabled the Gulf state to mitigate the impact of the global meltdown, a Kuwaiti bank said yesterday.

By: Staff Reporter
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