In Tuesday's Middle East papers

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


Front page

His Majesty gets Saudi message, receives Mitchell
His Majesty Sultan Qaboos Bin Said has received a written message from the Custodian of the Two Holy Mosques King Abdullah Bin Abdulaziz Al Saud of Saudi Arabia, dealing with relations and co-operation in all spheres.

Shura hosts Shabibi
The Shura Council on Monday held the tenth 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.


NBO posts RO7.3m net in Q1
National Bank of Oman (NBO) made a profit after tax of RO7.3m in the quarter ended 31 March, 2009, as compared to RO10.9m in the first quarter of 2008.

Financial Affairs Council meets
The Financial Affairs and Energy Resources Council held its second meeting of the year under the chairmanship of HE Ahmed Bin Abdulnabi Macki, Minister of National Economy and Deputy Chairman of the Financial Affairs and Energy Resources Council, on Monday.


Front page

Iran leader sparks walkout at UN over Israel
The Iranian president had just started speaking at the UN meeting when two rainbow-wigged protesters stood, threw small red clown’s noses at him and shouted ‘You are a racist!’ and ‘Shame!’ before being hustled away by security.

Obama proposes $100bn US loan for IMF
US President Barack Obama on Monday proposed a $100bn US loan to the International Monetary Fund to boost the IMF’s resources and urged a bigger stake in the IMF for emerging powers.


Mohammed briefed on cityscape projects
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Monday visited Cityscape Abu Dhabi 2009, where property developers seeking investments are displaying ongoing and proposed projects worth billions of dollars.

Experts foresee further cuts in Opec output
Oil exporters will have to either raise compliance rate on output cuts or agree on further reductions to ward off the impact of a new stock build up, industry experts warned on Monday.


No new updates


Front page

Cabinet passes regulations simplifying iqama transfer
The Council of Ministers, chaired by Custodian of the Two Holy Mosques King Abdullah, yesterday passed a series of regulations facilitating the transfer of jobs of people employed by operation, maintenance, catering and cleaning companies in government departments.

Ahmadinejad angers West anew
Iranian President Mahmoud Ahmadinejad accused the West of using the Holocaust as a "pretext" for aggression against Palestinians, prompting European diplomats to walk out yesterday from a speech disrupted by jeering protesters in rainbow wigs tossing red clown noses at the hard-line leader.


Profits of GCC-listed firms drop to $45.6bn
The impact of the global financial crisis showed on the profitability of the GCC (Gulf Co-operation Council) listed companies in 2008.

Investments in technology keep pace with growing coffee culture
Coffee culture is growing in this part of the world and keeping pace with it are investments in research and development (R&D) related to coffee making technologies.


Front page

Ahmadinejad applauded at Durban II for call to abolish UN veto
Iranian President Mahmoud Ahmadinejad received an ovation at the UN conference on racism in Geneva on Monday after proposing that the veto power of the five permanent members of the UN Security Council should be immediately abolished.

Happy Sadi Day
Iranian people annually commemorate Sheikh Muslih od-Din Sadi Shirazi (C. 1213-1291), one of the greatest figures of classical Persian literature, on 21 April, which has been named Sadi Day.


Slow, fragile recovery predicted
The British economy is likely to stage a recovery next spring, forecasts by two leading business groups have said.

Zero percent on Treasury bills as China, Fed converge
The last time US Treasury bill rates headed toward zero percent investors were panicking. Now it is an indication Federal Reserve Chairman Ben S Bernanke’s efforts to revive credit markets are starting to work.


Front page

Sri Lanka warns of 'final assault'
The Sri Lankan government has given the Liberation Tigers of Tamil Eelam (LTTE) 24 hours to surrender or face a "final assault".

Israel criticism sparks UN walkout
Dozens of delegates have walked out of a United Nations conference on racism after Mahmoud Ahmadinejad, Iran's president, described Israel as a "racist government".


No new updates


Front page

Hariri vows 14 March won't 'surrender' Bekaa
Electoral rhetoric heated up on Monday and over the weekend, with the country's political foes exchanging accusations and criticising each others' agendas.

Lebanese Ambassador Khoury takes up post in Damascus
Lebanon's first ambassador to Syria took up his post in Damascus on Monday in the latest sign of improving relations between the two neighbours after years of tensions.


Windows 7 aims to please consumers - Microsoft
Windows 7 is the latest in a series of Microsoft product launches for the Consumer, Small Business, and Enterprise, launching in 2009.

Pension-scheme deficits will force UK firms to cut dividends
Soaring deficits in their pension schemes will probably force some UK companies to cut dividends, putting more pressure on share prices as companies juggle shareholders' interests with those of pensioners.


Front page

King backs peace drive
Bahrain yesterday backed international efforts to achieve comprehensive and lasting peace in the Middle East.

Walkathon for elderly
A three-kilometre walkathon is being organised by the National Committee for the Elderly on Thursday, at A'ali walkway.


New push to help small businesses
The Bahrain Development Bank has signed a co-operation agreement with Mohammed Bin Rashid Establishment for Young Business Leaders (MBRE).

A leap forward
Bahrain's exhibition industry has made a qualitative leap forward, Industry and Commerce Minister Dr Hassan Fakhro said yesterday.

By: Staff Reporter
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