In Friday's Middle East papers
01 May 2009 05:00 [Source: ICIS news]
Beatrix escapes attempt on life
The Queen’s Day ended abruptly with a deadly drama on Thursday.
Mexico shuts down as flu infects 260
Mexican President Felipe Calderon told his people to stay home from Friday for a five-day partial shutdown of the economy, after the World Health Organisation (WHO) said a swine flu pandemic was imminent.
Gulf stock markets make strong gains
Gulf stock markets, which slumped on the global economic slowdown last year, showed signs of recovery in April because of fresh liquidity and government stimulus plans, traders said.
Chrysler to get $10.4bn funding from US, Canada
President Barack Obama announced plans on Thursday to save troubled automaker Chrysler through a government-backed bankruptcy and partnership with Italy’s Fiat.
No new updates
Six Dubai firms face downgrade
Six Dubai companies have been placed under review for a possible credit rating downgrade by Standard & Poor’s Ratings Services.
Tamweel reports net loss of Dh112.3m
Softer housing demand and scarcer credit has taken a heavy toll on profits for Tamweel PJSC, with the Dubai-based mortgage lender posting a net loss of Dh112.3m in the fourth quarter of last year compared to a net profit of Dh207.2m in the same period of 2007.
No new updates
King did not meet Peres in New York
Saudi Arabia yesterday demanded that the US State Department retract a false claim made by one of its senior officials that Custodian of the Two Holy Mosques King Abdullah held talks with Israel’s president last year.
WHO raises global flu alert
Governments prepared their populations yesterday for a grim battle with swine flu after the World Health Organisation (WHO) stepped up its global alert and said that a pandemic is imminent.
South-south energy cooperation - a casualty of realpolitik
When Asian energy ministers met in Tokyo earlier this week, price volatility appeared to take centre stage and the onus was on preventing speculation.
Banks in Kingdom ‘well-positioned to weather downturn’
Fitch Ratings says in a special report that Saudi banks are well-positioned to weather a more challenging operating environment, due to their strong fundamentals and government support.
No new updates
Mexico to begin flu shutdown
Mexico is set to begin a five-day nationwide shutdown of non-essential businesses in an effort to stem the spread of a new flu strain, as further cases of the disease were confirmed in the US and Europe.
Obama confirms Chrysler bankruptcy
Barack Obama, the US president, has confirmed that Chrysler, the ailing US auto giant, is to file for bankruptcy in New York after last ditch talks with creditors failed.
No new updates
THE DAILY STAR
Lebanon judges concerned over mounting criticism
The Higher Judicial Council will meet next week to discuss mounting criticism against Lebanon's judiciary in the wake of the controversial 44-month detention and surprise release of four generals in the Hariri assassination case.
UNIFIL chief expects polls to impact work of peacekeepers
June's parliamentary elections will likely impact the work of UN peacekeepers in the south of Lebanon, the commander of the United Nations Interim Force in Lebanon (UNIFIL), General Claudio Graziano, has said.
Now is the 'best moment' to invest in education, training
Stephane Attali, general director of Ecole Superieure des Affaires (ESA), insists that the global financial crisis should not prevent companies around the world from investing in education and training.
Imports of used clothing 'harms local industry'
The Lebanese Industrialists' Association criticised the Economy and Trade Ministry on Thursday for trying to justify the very low taxes on imported used clothing from Asian countries.
GULF DAILY NEWS
The 'Sultan of Snow' reaches North Pole
Bahrain-based adventurer Nabil ‘Nabs’ Al Busaidi has not only become the first Arab to walk to the North Pole, he was also part of the Oman North Pole Expedition team that won the Polar Race.
23 teams set to compete for charity raft race title
One of Bahrain's biggest charity fundraisers takes place today at Al Bander Hotel and Resort, Sitra.
BBK net profit surges 7.3% to $32m
BBK yesterday announced a net profit of BD11.9m ($31.6m) for the first three months of this year, showing a growth of 7.3% over the same period last year.
British house prices fall
British house prices resumed their slide last month, data from mortgage lender Nationwide showed yesterday, suggesting last month's rise was no more than a blip.By: Staff Reporter+44 20 8652 3214
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