In Friday's Middle East papers

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


Front page

Obama builds a bridge to Islam
President Barack Obama sought to change Muslim perceptions of the United States on Thursday in a speech that urged Arabs and Israelis to declare in public the realities he said they accept in private.

Searchers fish out Air France plane debris
Brazilian search crews fished the first debris from a crashed Air France flight out of choppy Atlantic waters on Thursday.


ECB forecasts record 4.6% fall in growth
The European Central Bank warned on Thursday the eurozone economy would contract 4.6% this year, a far deeper slide than previously feared, as it joined the Bank of England in keeping its key interest rate at record low levels.

Oil prices likely to hit $85 by year-end, says Goldman Sachs
Oil prices could strike $85 per barrel by the end of 2009, as the global economy recovers and an energy shortage emerges, US investment bank Goldman Sachs forecast on Thursday.


Front page

World Bank approves $900m aid package to Pakistan
The World Bank approved $900m in loans to improve education in Pakistan’s Punjab and Sindh provinces and support a poverty-fighting fund for local community groups.

Key nations near agreement on North Korea sanctions
Ambassadors from key nations neared agreement on Thursday on new UN sanctions against North Korea for defying the Security Council and conducting a second nuclear test.


No risk of deflation: Al Suwaidi
The UAE Central Bank ruled out the possibility of the Arab world’s second-largest economy slipping into deflation, despite the sharp fall in the rate of inflation to a record low of 1.9% in April.

Sharjah exports up 45% in 2008
Sharjah’s exports in 2008 grew by a hefty 45% to Dh63bn, compared to Dh43.5bn a year ago, driven by increased shipments of re-exports.


No new updates


Front page

Swine flu: People told not to overreact
The Ministry of Health has urged people not to overreact to the news of the first case of swine flu reported yesterday in the Saudi media.

Obama vows new start with Muslims
Quoting from the Qur’an for emphasis, President Barack Obama called yesterday for a "new beginning between the United States and Muslims" and said together, they could confront violent extremism across the globe and advance the timeless search for peace in the Middle East.


Russia reaches out to Arabs
Russia, entrenched in economic woes, is positioning itself as a firm trading partner with Arab nations who are keen to rekindle their Soviet-era alliance, government officials said yesterday.

Qatar developer plans huge projects
Ezdan Real Estate Co, Qatar’s largest developer by market value, said yesterday it planned to sell some of its real estate portfolio as it seeks to raise funds for billion-dollar projects in the next five years.


No new updates


Front page

Obama seeks new start with Muslims
Barack Obama, the US president, has called for a "new beginning" with the world's 1.5bn Muslims.

Pakistan Swat leader 'arrested'
Sufi Muhammad, the cleric who brokered a now defunct peace deal in Pakistan's Swat valley, has been arrested along with his aides, Pakistan and India media have said.


No new updates


Front page

Thousands of Lebanese expats arrive to cast their votes
Over 19,000 Lebanese arrived in Beirut over the past two days to participate in Sunday's polls, the national news agency reported on Thursday.

Authorities release UNIFIL workers arrested on suspicion of espionage
Two Lebanese employees of the United Nations Interim Force in Lebanon (UNIFIL) were released after their arrest for allegedly spying for Israel, UNIFIL said on Thursday.


Price dumping poses key challenge to Lebanese advertising industry
Dumping is one of the main challenges that the Lebanese advertising industry is facing, said president of the World Federation of Advertisers (WFA) in Lebanon Atef Idriss.

Bassil warns cellular grid will see heavy pressure during polls
Telecommunication Minister Jebran Bassil said on Thursday he expected heavy pressure on the cellular networks during the 7 June parliamentary elections.


Front page

Worker killed in bus-truck crash
A man was crushed to death yesterday when a bus carrying around 30 labourers collided with a truck.

Acting tips for budding stars
A first run-of-screen acting classes has been so successful that organisers are already preparing a sequel later this month.


Iraq 'mulling oilfield accords'
French oil major Total expects Iraq to award stakes in oilfields open to bids this summer, a senior executive said yesterday.

Qatar eyes Porsche stake
Qatar is still considering taking a stake in Germany's Porsche, its finance minister said yesterday.

By: Staff Reporter
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