In Wednesday's Middle East papers

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

OMAN TRIBUNE

Front page

US wants ME talks to start, end soon: Mitchell
The United States wants the stalled Middle East peace talks to resume soon and wrap up quickly, US envoy George Mitchell told Israeli leaders on Tuesday on his latest trip to the region.

Oman to have three more private power stations
The Electricity Holding Co (EHC) has announced that tenders will be released later this year to build three new privately managed power stations in the Sultanate.

Business

Apple unveils new speedy 3GS iPhone
Apple aims to make hot-selling iPhones even more appealing, premiering a speedier new model complete with a video camera and slashing the price of its predecessor to $99.

ANC signs agreement with Dhofar Fisheries
Dubai-based ANC Holdings, which has business interests in construction, foods, trading, hospitality, process and real estate on Tuesday signed an agreement to acquire 60% majority stake in Oman-based Dhofar Fisheries Industries Co (DFIC), a regional leader in the processing and canning of tuna and sardines.

KHALEEJ TIMES

Front page

Bomb at luxury hotel in Pakistan kills at least 11
Suicide attackers shot their way past guards and set off a massive blast on Tuesday outside a luxury hotel where foreigners and well-to-do Pakistanis mixed, killing at least 11 people and wounding 70, officials said.

US not seeking to topple North Korea government: Envoy
The United States will do what is necessary for the security of its allies but has no plans to invade North Korea or overthrow its government by force, Washington’s special envoy, Stephen Bosworth, said on Tuesday.

Business

Amlak, Tamweel to reveal funding solutions
Two of the UAE’s largest cash-strapped mortgage banks, Amlak and Tamweel, said separately on Tuesday that the government has completed due diligence to assess their respective funding requirements and that they would reveal the scale of their financing needs once authorised to do so.

Dubai’s realty market signs encouraging, but further declines expected
Commercial real estate in Dubai needs to come down further in price if the emirate is to compete effectively with other global financial hubs such as New York City, Standard Chartered bank said on Tuesday.

ARAB TIMES

No new updates

ARAB NEWS

Front page

11 die in Peshawar bombing
Gunmen stormed a well-protected luxury hotel in Peshawar last night, then set off a massive truck blast that killed at least 11 people and wounded 46 more in the latest of a string of suicide attacks in Pakistani cities, officials said.

Education key to progress: Mishaal
Najran Gov Prince Mishaal bin Abdullah yesterday told teachers that the country and its people were pinning great hopes on them in order to achieve scientific progress, boost cultural development, disseminate moral values and develop a knowledge economy.

Business

WEP focuses on regulations
Regulatory structures and environmental impact provided the major themes on the second and final day of the WEPower 2009 in Dammam yesterday.

Dubai stocks rebound; TASI registers gain
Most Middle Eastern benchmarks fell yesterday as faltering global equities pushed regional investors to cash in recent gains.

TEHRAN TIMES

Front page

Shell, Repsol ready to come back
Royal Dutch Shell and Repsol have presented a new proposal for the initial production of Iran’s South Pars gas field’s phases 13 and 14, Oil Minister Gholam-Hossein Nozari said here on Tuesday.

Iran and Russia team up for Omar Khayyam biopic
Iran and Russia will produce a joint film on the great Iranian poet, astronomer, and mathematician Omar Khayyam in the near future.

Business

WTO chief sees new world trade deal by 2010
Eight torturous years of talks over a new global trade pact should reach a conclusion next year after changes in the US and Indian governments, WTO chief Pascal Lamy said on Tuesday.

Indian economy can rebound to 9% growth: PM Singh
India’s economy can rebound to a 9% growth rate amid the global recession, powered by higher government spending, Prime Minister Manmohan Singh said.

ALJAZEERA

Front page

Many dead in Pakistan hotel bombing
At least 12 people have been killed and scores wounded after a gun and suicide truck bomb attack on a five-star hotel in the Pakistani city of Peshawar.

Guantanamo man pleads not guilty
The first Guantanamo Bay detainee to face trial in a US civilian court has pleaded not guilty to charges of involvement in the bombings of US embassies in Africa.

Business

US banks to repay bailout funds
The US treasury department has given its approval for 10 of the nation's largest banks to start repaying about $68bn of bailout money they were lent to combat a liquidity crisis.

Porsche in sale talks with Qatar
Porsche, the German luxury sports car manufacturer, has said that it is in exclusive talks with the energy-rich Gulf state of Qatar aimed at selling a stake in the firm.

THE DAILY STAR

Front page

Ban presses next Lebanon cabinet on UN resolutions
UN Secretary General Ban Ki-moon on Tuesday urged the next Lebanese Cabinet to abide by international resolutions, adding that the parliamentary polls had consolidated the country's democracy.

Saudi ambassador lauds Lebanon's election calm
Newly-appointed Saudi Ambassador Ali Awad Assiri saluted on Tuesday the Lebanese ability to face the election challenge.

Business

Emirates airlines confident, plans to buy 160 new planes
The head of Emirates said on Tuesday the airline has no plans to cancel the 160 new planes it has ordered - including 58 Airbus A380 superjumbos - despite the global travel slump.

Job outlook 'stable' in many large economies
A forward-looking measure of hiring expectations held steady in the United States and other large economies amid signs employment is starting to stabilise, but prospects in several countries worsened, according to a quarterly survey by Manpower Inc.

GULF DAILY NEWS

Front page

Project switch angers public
Salmabad residents are up in arms after it emerged that land allocated for a public park has been given to investors to build a private university.

Displaced told 'cash on way'
Allowances are on the way for families who have been moved out of their homes to allow the bulldozers to move in, a senior government official pledged yesterday.

Business

Emirates jet deal on track
The head of Emirates yesterday said the airline has no plans to cancel the 160 new planes it has ordered - including 58 Airbus A380 superjumbos - despite the global travel slump.

Philippines trade ties to be reviewed
Federation of the Gulf Cooperation Council Chambers of Commerce and Industry (FGCC Chambers) secretary-general Abdulrahim Hasan Naqi flew to Manila last night to meet Philippines President Gloria Macapagal Arroyo.

By: Staff Reporter
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