In Thursday's Middle East papers

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

OMAN TRIBUNE

Front page

33 killed as bomb rips through Iraqi market
A car bomb ripped through a crowded market in southern Iraq on Wednesday, killing at least 33 people and prompting angry protests by residents about the failure to protect them, officials and witnesses said.

His Majesty issues four Royal Decrees
His Majesty Sultan Qaboos Bin Said has issued four Royal decrees as follows: Royal Decree No 35/2009 defines prerogatives of the Ministry of Information.

Business

Oil hits seven-month peak near $72; US stockpiles fall
Oil prices surged to a seven-month high near $72 a barrel on Wednesday after a US government report showed a slowdown in crude imports eating away at inventories in the world’s top energy user.

Deflation concerns as Japan data falls to 22-year low
Hopes for recovery in the Japanese economy were dented on Wednesday as data showed wholesale price falls at their sharpest in over 22 years, signalling a return to deflation, while machine orders also dived.

KHALEEJ TIMES

Front page

Ahmadinejad lashes out at rival before Iran vote
Iran’s hard-line president took a final shot at his rivals, during his last public pre-election rally, accusing them of resorting to a smear campaign against him similar to the one used by Adolf Hitler’s propaganda minister.

Gunman shoots, kills guard at Holocaust Museum
An 88-year-old gunman with a violent and virulently anti-Semitic past opened fire with a rifle inside the crowded US Holocaust Memorial Museum on Wednesday, fatally wounding a security guard before being shot himself by other officers, authorities said.

Business

Ample liquidity at UAE banks: Al Tayer
The UAE’s banking sector is stable and poised to grow, Minister of State for Financial Affairs Obaid Humaid Al Tayer said on Wednesday.

Dubai Duty Free tops Skytrax Airport survey
Dubai Duty Free has been voted ‘Best Duty Free Shopping’ in the world in the 2009 World Airport survey conducted by Skytrax.

ARAB TIMES

No new updates

ARAB NEWS

Front page

Abdullah inspects KAUST work
Custodian of the Two Holy Mosques King Abdullah made an inspection tour to the campus of King Abdullah University for Science and Technology (KAUST) under construction in Thuwal, a coastal village outside Jeddah, the Saudi Press Agency reported yesterday.

Evacuees of Al-Ais will return home soon
Civil Defence reiterated its commitment to the earthquake stricken people of Al-Ais, including their return to their homes safely when the area is deemed safe, Al-Watan daily reported yesterday.

Business

Right time to promote Islamic banking
The worst financial crisis in a century can pave the way for Islamic finance to reach world banks.

Global crisis creating ‘new risks for oil and gas sector’
The oil and gas sector has been unevenly impacted by the global economic downturn which has created new risks for the industry that threaten the near-term survival and prospects of a number of oil and gas companies, according to the 2009 Ernst & Young business risk report.

TEHRAN TIMES

Front page

Time to vote
During the past few weeks of the presidential campaign, the level of passion and enthusiasm shown by the voters reached an unprecedented level.

Persian handicrafts are improperly packaged: Official
Cultural official Hossein Hatefi-Farmad is convinced that Iran’s handicrafts do not enjoy good packing.

Business

Rising US mortgage rates sap loan applications
A spike in US mortgage rates drove down total home loan applications last week as demand for refinancing shriveled to the lowest level since November, the Mortgage Bankers Association said on Wednesday.

Japan economy: Negative data hits recovery hopes
Hopes for recovery in the Japanese economy have been dented by data which showed wholesale price falls at their sharpest in over 22 years, signalling a return to deflation, while machine orders also dived.

ALJAZEERA

Front page

Iran Guard warns reformists
The political chief of Iran's Revolutionary Guard has warned reformists in the country against seeking what he called a "velvet revolution", vowing that it would be "nipped in the bud".

Deaths in Iraq car bomb attack
At least 30 people have been killed and 70 others injured after a car bomb ripped through a market in a town in southern Iraq.

Business

No new updates

THE DAILY STAR

Front page

Obama and Assad praise success of Lebanese polls
US President Barack Obama reiterated his country's support to Lebanon's sovereignty and independence on Wednesday during a phone call with President Michel Sleiman.

Sunni bloc turned Zahle into 14 March district
In Lebanon's 2005 general election the constituents of the central district of Zahle voted for six MPs allied with the opposition, demonstrating widespread support for the Christian opposition.

Business

Lebanon raises fuel prices as oil climbs on international markets
Prices of gasoline and kerosene in Lebanon rose for the fourth consecutive week on Wednesday amid indications that the volatile oil market would add more pressure on the transport and production sectors.

US trade deficit climbs 2.2% to $29.2bn
The US trade deficit edged up in April as crude oil prices hit the highest level since December, but the imbalance so far in 2009 is well below last year's pace as the recession dampens demand for imports.

GULF DAILY NEWS

Front page

Wildcat strike
Thousands of workers at a major Bahrain construction company staged a wildcat strike over pay yesterday.

Panel for youth and sports
Prime Minister Shaikh Khalifa bin Salman Al Khalifa yesterday issued a decision reforming the High Council for Youth and Sports.

Business

Unicorn CEO named banker of the year
Unicorn Investment Bank managing director and CEO Majid Al Sayed Bader Al Refai was last night named Banker of the Year at the Banker Middle East Industry Awards.

Bahrain 'to become hub for eco-friendly products'
Bahrain is set to become the regional hub for eco-friendly cleaning products and paints. Balmoral Services is set to launch a range of environment-friendly products here to capture the regional market covering both consumers and industry.

By: Staff Reporter
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