In Tuesday's Middle East papers

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


Front page

No Jewish state: Abbas
Palestinian President Mahmoud Abbas dismissed on Monday calls by the new right-leaning Israeli government to recognise Israel as a Jewish state, an issue emerging as a main obstacle to peacemaking.

His Majesty issues two Royal Decrees on double taxation
His Majesty Sultan Qaboos Bin Said has issued two Royal Decrees as follows: Royal Decree No 22/2009 ratifies the avoidance of double taxation and prevention of tax evasion agreement on the income tax between the government of the Sultanate of Oman and the government of the Sultan of Brunei Darussalam signed in Muscat on 25 February, 2008.


Japan set for worst economic slump in 50 years
Japan said it expects the economy to shrink 3.3% over the coming year, its worst slump in at least half a century, as the government presses ahead with a record stimulus package.

CBO urges banks to exercise caution when granting loans
Central Bank of Oman (CBO) Executive President HE Hamoud Bin Sangour Al Zadjali on Monday urged commercial banks to exercise caution when granting loans.


Front page

Flu kills 149 in Mexico, world closer to pandemic
A new virus has killed up to 149 people in Mexico and world health experts moved closer on Monday to declaring it the first flu pandemic in 40 years as more people were infected in the United States and Europe.

Troops kill 20 Taliban as Pakistan talks suspended
Pakistani troops killed 20 rebels in a ground and air operation in the northwest, the military said, after a shaky peace deal was thrown into doubt when the Taliban suspended talks.


Dubai gold retailers urged to cut margins
Dubai’s gold jewellery retailers must adopt a pricing strategy of reduced profit margins to stimulate their slumping sales, the top official of Dubai Multi Commodities Centre said on Monday.

NBAD’s Q1 net profit increases 9%
National Bank of Abu Dhabi, the nation’s second-largest national bank in terms of assets, beat analysts’ expectations with a first-quarter net profit of Dh770m, an increase of 9% over the same period last year.


No new updates


Front page

Cabinet denounces racism
Saudi Arabia yesterday emphasised the significance of the recently concluded UN anti-racism conference in Geneva and voiced its concern over a number of phenomena that are considered the causes and sources of racism across the world.

Obama’s gutsy Mideast stance alarms Congress
News that US President Barack Obama has asked Congress to allow continued aid to the Palestinians even if Hamas were to become part of a unity government is causing reverberations.


Jeddah’s property market offers huge potential
Jeddah’s residential sector has been marked with growing demand resulting to acceleration of sales and rental prices in the recent past, according to Colliers International’s GCC Real Estate second quarter, 2009 Overview released recently.

City Plaza becomes Centrepoint
Centrepoint, one of Saudi Arabia’s largest retail chains, has launched an aggressive marketing campaign to popularise its new brand identity.


No new updates


Front page

WHO raises swine flu alert level
The World Health Organisation (WHO) has raised its pandemic alert for swine flu by one level, just two steps short of declaring a full-scale pandemic.

Sri Lanka army 'halts heavy combat'
The Sri Lankan military has ordered its troops to end the use of heavy weaponry and aerial bombardment in their fight against the separatist Liberation Tigers of Tamil Eelam (LTTE).


No new updates


Front page

Murr, Gemayel unveil 14 March Forces electoral list for northern Metn
MP Michel Murr and former President Amin Gemayel announced on Monday the March 14 Forces' list in northern Metn district for the 7 June parliamentary polls.

Welch warns US officials against 'overreacting' to 8 March victory
A former Bush administration foreign policy official has warned US politicians against "overreacting" if the Hizbullah-led opposition wins a majority in the upcoming parliamentary election.


Bassil unveils study to install high speed fibre-optic internet cables
Telecommunication Minister Jebran Bassil disclosed on Monday a study to install FTTH, Fibre To The House, in both Hamra street and Achrafieh at a cost of $15m.

Delivering on promises made by G20 leaders far more arduous than making pledges
Delivering on G20 leaders' promises of money and more to combat global recession is a hard slog, and this weekend's gatherings of finance ministers in Washington showed just how hard.


Front page

Pursuit of excellence
Ministries, government departments and private enterprises were yesterday urged to embark on the culture of excellence.

Large parts of the Sakhir desert could become off limits to the public if a proposal to fence off "sensitive" areas housing oil and gas pipelines is implemented.


Bahrain Investment Wharf 'on schedule'
The Bahrain Investment Wharf (BIW) project is on track, it emerged yesterday.

First Bahrain launches BIW project
Real estate developer First Bahrain yesterday held a groundbreaking ceremony for its logistics and warehousing project at the Bahrain Investment Wharf (BIW).

By: Staff Reporter
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