In Thursday's Middle East papers

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


Front page

N-mishap convention ratified
His Majesty Sultan Qaboos Bin Said has issued Three Royal decrees as follows: Royal Decree No 31/2009 ratifies Agreement on Regularisation of Air Transportation Services and its amendments between the Government of the Sultanate of Oman and the Government of Saudi Arabia signed in Muscat on 3 November, 2008.

HM receives crown prince of Ras Al Khaimah
His Majesty Sultan Qaboos Bin Said gave an audience to Sheikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah in the UAE, and his accompanying delegation at Bait Bahjatul Andhar in Sohar on Wednesday afternoon.


Sensex breaches 15,000-level, ends flat
Asian shares rose to fresh eight-month highs on Wednesday as US home sales data added to optimism that the global economy is through the worst, while the dollar struggled off its latest set of lows for the year.

US warns of WTO dispute in more aggressive stance with China
The United States has said it wanted to move more aggressively to resolve trade frictions with China, warning that it would not hesitate to drag the Asian giant to the World Trade Organisation (WTO).


Front page

Saudis happy about Obama visit but look for action
Saudi cardiologist Osama Al Amoudi praised President Barack Obama as he began his Mideast tour in the kingdom, saying he believes the new president has made a good first impression and appreciates his overtures to Muslims.

McCain joins Obama’s call for ‘nuclear-free world’
Republican Senator John McCain on Wednesday joined his former rival President Barack Obama in calling for a nuclear-free world, a goal previously formulated by former president Ronald Reagan.


Inflation cools; deflation looms
Inflation in the UAE is rapidly losing its bite. Thanks mostly to plunging costs for housing, the annual rise in consumer prices eased to 1.9% in April compared to 7.0% in January, the government disclosed in its first-ever publication of monthly inflation data.

Mideast oil majors to invest $29bn
Major National Oil Companies, or NoCs in the Middle East, are planning to invest $29bn in oil and gas industries this year, despite ongoing concerns around oil demand, according to a new analysis by Ernst & Young.


No new updates


Front page

Kingdom confirms first swine flu case
Saudi Arabia announced yesterday its first case of swine flu after a Filipino nurse living in the Kingdom tested positive for the disease.

Obama seeks closer Saudi ties
Talks between Custodian of the Two Holy Mosques King Abdullah and US President Barack Obama here yesterday focused on joint efforts, closer coordination and more Saudi support to revive the Middle East peace process while many other regional and international issues were also taken up for discussion by the two leaders.


Bahrain Air opens sales office in Jeddah
Bahrain Air, a private national carrier located in Bahrain and the first premium service carrier with affordable fares operating within MENA countries and to the Indian Subcontinent, opened its general sales agent (GSA) office at Nakheel Center here last night.

Star cricketer Saeed Anwar lauds JCA
The Jeddah Cricket Association inauguration was held last Thursday at Hotel Tulip in a glittering ceremony which was widely attended by dignitaries including Ibrahim Mohammed Al Badawi, chairman of Yanbu Chamber of Commerce and Industry, Saeed Anwar, former test cricketer from Pakistan; Nasrullah Wattoo, Welfare Consul Pakistan Consulate; Zafar Iqbal, Economic Minister Pakistan Consulate, Zahid Ali President of Medina Cricket Association, Abdul Jabbar President of Yanbu Cricket League, Muneer Gondal and Tariq Anwar from Pakistan Executive Forum Group.


No new updates


Front page

Obama holds Saudi talks
Barack Obama has met King Abdullah of Saudi Arabia in Riyadh as he prepares to make a much-anticipated speech in Cairo aimed at repairing US relations with the Muslim world.

Air France crash victims mourned
Rescue teams have widened their search for the remains of Air France Flight AF 447 as mourners in Brazil and France paid tribute to the 228 people on board believed to have died.


No new updates


Front page

Maronite Bishops urge Lebanese to accept poll results
The Maronite Bishops called on the Lebanese people on Wednesday to accept the results of the parliamentary elections and respect differences of opinions in the country.

Arab monitors being poll-monitoring mission
President of the Kuwait Transparency Society Salah Ghazali announced on Wednesday that a delegation of 35 Arab monitors and experts, representing the civil societies of 17 Arab states, arrived in Lebanon.


Public debt will limit economic policy options of next Lebanese cabinet
A win for Hizbullah and its allies in Lebanese parliamentary elections is unlikely to lead to major changes in economic policy by the next government, whose hands will be tied by the state's hefty public debt.

UAE annual inflation slows to 1.9% as consumer prices slump
Annual inflation in the United Arab Emirates (UAE) slowed to 1.9% in April and prices dropped between January and April led by a housing-price slump, the UAE's first-ever monthly inflation data showed on Wednesday.


Front page

Bahrain-Jordan back two-state solution
Bahrain and Jordan yesterday backed efforts to resume peace negotiations in the Middle East.

Bahrain Press is 'mature'
Prime Minister Shaikh Khalifa bin Salman Al Khalifa yesterday described Bahrain's Press as mature led by the national responsibility.


Albaraka launches new group identity
Albaraka Banking Group expects to take advantage of the new trends emerging from the global financial crisis as the recovery slowly starts to set in.

GIB net income surges to $43m in first quarter
Gulf International Bank (GIB) had a good start to the year with first quarter net income ahead. The bank yesterday reported consolidated net income after tax of $42.9m for the three months ended on 31 March.

By: Staff Reporter
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