In Tuesday's Middle East papers

02 June 2009 05:00  [Source: ICIS news]


Front page

HM receives Fujairah ruler
His Majesty Sultan Qaboos Bin Said gave an audience to Sheikh Hamad Bin Mohammed Al Sharqi, Member of the United Arab Emirates (UAE) Supreme Council and Ruler of Fujairah, at Bait Bahjatul Andhar in Sohar on Monday.

GM will emerge from bankruptcy, says Obama
US President Barack Obama said on Monday he was confident General Motors Corp would emerge quickly from bankruptcy, saying the government is in a reluctant position as a controlling shareholder.


RO174.58m tenders awarded
The Tender Board awarded tenders worth RO174.58m at its sixth meeting of the year on Monday.

Oman Oil acquires stake in Spain’s Enagas
Oman Oil Co (OOC) signed an agreement on Monday to buy 5% equity of Gas Natural of Spain to acquire a stake in the largest Spanish natural gas transporter Enagas.


Front page

All abducted Pakistani students have been rescued: Army
Scores of kidnapped Pakistani students and staff from a military-run college who were abducted by Taleban militants in the northwest of the country were rescued on Tuesday, a military spokesman said.

Scant hope as search continues for Air France plane
The search continued through the night for an Air France plane that disappeared over the Atlantic, but little hope remained on Tuesday that any of 228 people on board would be found alive.


General Motors files for bankruptcy protection
General Motors filed for Chapter 11 bankruptcy protection on Monday as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.

Dubai launches own low-cost carrier
The regional dogfight for the thrifty air traveller tightened up a notch on Monday when Dubai’s first low-cost carrier - flydubai – took wing with an inaugural flight to Beirut.


No new updates


Front page

Cabinet backs OPEC decision on production
The Council of Ministers yesterday favoured an oil price of $75-80 per barrel, which they called a fair price. They also agreed to an OPEC decision to keep its output ceiling unchanged.

Netanyahu says no to settlement freeze
Israeli Prime Minister Benjamin Netanyahu ruled out a settlement freeze in Palestinian territories and called the US demand for halting construction as unreasonable, while mobs of Jewish occupiers attacked Palestinians and burned West Bank fields yesterday.


Saad Group plans debt restructuring
Saad Group announced yesterday its plan to restructure the debt of subsidiaries affected by the global financial crisis.

Reactivate Mobily SIM, get SR60 credit
Mobily’s prepaid subscribers whose SIM cards had been lost or damaged and those who had not used their SIMs since April will get SR60 in extra credit over three months, the company has announced.


Front page

Little Hands of Prayer International Festival selects Azeri primary winners
Iran’s Little Hands of Prayer International Festival selected its primary competitors from among the children of Azerbaijan Republic.

Italy’s IsIAO seeking new methods for restoration of Persepolis
The Italian Institute for Africa and Orient (IsIAO) is currently carrying out a series of comprehensive studies to find new methods for restoration projects at Iran’s most important, ancient site, Persepolis.


Regional railway meeting held in Syria
Iran took part in the regional railway meeting in Aleppo, Syria, on Monday.

Ashgabat to host 34th IDB meeting
The 34th annual meeting of the board of governors of the Islamic Development Bank will open in Turkmenistan’s capital city of Ashgabat today.


Front page

Hunt for Air France jet intensifies
Search aircraft have stepped up the hunt for an Air France jet that disappeared over the Atlantic with 228 people on board.

Pakistan rescues abducted students
The Pakistani military has rescued 80 students and teachers taken captive by Taliban fighters in the country's northwest tribal region.


No new updates


Front page

Rival politicians shelve defence strategy talks as polls draw near
Lebanon's rival political leaders on Monday adjourned to an unspecified date talks aimed at forging a national defence strategy and called for calm ahead of the 7 June polls.

Two Lebanese among 228 missing Air France passengers
An Air France plane with 228 people, including two Lebanese, on board was presumed to have crashed into the Atlantic Ocean on Monday after hitting stormy weather during a flight from Rio de Janeiro to Paris.


Egypt signs deal to supply Lebanon with natural gas
Egypt will supply Lebanon with 600m cubic meters of gas each year under to help the country meet growing energy demand, Energy and Water Minister Alain Tabourian announced on Monday.

US keeps Lebanon on 'Watch List' for piracy, copyright infringement
In its annual review of the state of intellectual property rights (IPR) protection and enforcement around the world, the Office of the United States Trade Representative (USTR) maintained Lebanon on the Watch List, as reported by Byblos Bank's Lebanon This Week.


Front page

Golden Falcon to 'soar' through London
Gulf Air's Golden Falcon will be soaring through the streets of London, emblazoned on the side of the city's taxi cabs, under a two-year marketing deal.

MPs postpone airline probe
MPs have postponed a corruption probe into Bahrain's national carrier, to avoid shaking public confidence during the peak summer months.


Fu-com and Mashal sign key supply agreement
Bahraini chemical producer Mashal Chemical Industry has signed a supply agreement with the multinational retail company Fu-com.

GE Energy to create 100 jobs at new HQ
Power giant GE Energy has pledged to create more than 100 jobs at its new Bahrain headquarters, which was opened yesterday in Al Mussalah, near Sehla.

By: Staff Reporter
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