15 June 2009 05:00 [Source: ICIS news]
Front page
Netanyahu refuses to stop settlement growth
Israeli Prime Minister Benjamin Netanyahu accepted on Sunday the US-backed goal of a Palestinian state but balked at meeting President Barack Obama’s demand to stop Jewish settlement expansion.
Shura approves new tourism draft law report
The 14th regular session of the second annual sitting of the Shura Council, which concluded here on Sunday under the chairmanship of HE Sheikh Ahmed Bin Mohammed Al Isa’ee, approved the joint committee’s report on the new tourism draft law after a debate by the members.
Business
IMF bond attracts emerging nations
The International Monetary Fund’s plan to issue bonds for the first time has attracted several large emerging countries looking to diversify investments to the detriment of the dollar, whose lustre is dimming under the mushrooming US budget deficit.
CBO governor’s board holds second meeting
The Board of Governors of the Central Bank of Oman (CBO) held its second meeting in 2009 under the auspices of HE Dr Ali Bin Mohammed Bin Mousa, the Minister of Health and Vice-Chairman of the board, at CBO premises on Sunday.
Front page
Ahmadinejad defiant as defeated rival protests vote
Iranian President Mahmoud Ahmadinejad defended his re-election at a mass victory rally but his defeated rival demanded the result be scrapped, setting the stage for further confrontations after a crackdown on opposition protests.
Netanyahu bows to Obama, accepts Palestinian 'state'
Israeli Prime Minister Benjamin Netanyahu responded on Sunday to uncommon pressure from Washington by finally giving his endorsement - with conditions - to the establishment of a Palestinian state.
Business
UAE to make first advanced materials for aircraft production
Abu Dhabi will start this month to manufacture advanced composite materials to be used in the production of aircraft, a path-breaking project worth more than $2bn involving partnerships with European aerospace companies including EADS and Airbus.
Pfizer eyes $1bn in Mideast sales in five years
Pharmaceutical giant Pfizer Incorporated on Sunday said it would press ahead with its expansion in the Middle East as part of a move to achieve a double-digit growth in five years.
No new updates
Front page
Three new swine flu cases detected in Kingdom
Three more cases of swine flu were detected in the Kingdom bringing the total number of infected patients in the country to 11, the Ministry of Health said yesterday.
Palestinians must recognise Jewish state: Netanyahu
Israeli Prime Minister Benjamin Netanyahu yesterday endorsed for the first time the creation of a Palestinian state, provided it was demilitarised, after weeks of US pressure.
Business
SWCC aims to be pioneer in desal technology
Fehaid Al-Sharief, governor of Saline Water Conversion Corp (SWCC), yesterday emphasised the Kingdom’s determination to become a pioneer in desalination industry and technology.
PPP’s role sought in Jeddah’s development
Jeddah Mayor Adel Fakieh said yesterday the city’s bad neighbourhoods would be eliminated in phases to make way for new housing and other development projects.
Front page
Unprecedented turnout was a miracle: Leader
Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has said the unprecedented turnout for Friday’s presidential election was a miracle.
Books by Woody Allen reviewed at University of Tehran
The University of Tehran held the fifth literary session on Saturday reviewing works by filmmaker, actor and writer Woody Allen.
Business
China vows to boost economy by variety of tools
China will continue to unwaveringly implement the expansionary fiscal policy and a "moderately easy" monetary policy to deal with the global economic downturn, state media Sunday quoted Premier Wen Jiabao as saying.
Health care debate could derail over US govt plan
President Barack Obama started his health care push by reaching out to all sides. Now it is stuck in a partisan mess over his idea of a government insurance plan that would compete with private companies.
Front page
Israel sets conditions for peace
Israel's prime minister has laid out his terms for peace in the Middle East, giving the slightest of nods to the creation of a so-called Palestinian state, but with a host of conditions attached.
Iran election dispute fans unrest
Iran's president has defended his disputed re-election at a public rally in Tehran, insisting that the vote was not "distorted" as claimed by his rivals.
Business
No new updates
Front page
Siniora rules out veto power for opposition in next cabinet
Prime Minister Fouad Siniora said on Sunday that Hizbullah's right to veto legislation would not be reinstated by the new Lebanese government.
Ex-MP Maurice Fadel dies just days before his son takes office
Former lawmaker Maurice Fadel passed away on Sunday only six days before the term of the current Parliament expired and days before witnessing his son, Robert attend the first Parliament session after his election as Tripoli MP for the Orthodox seat.
Business
Equity markets in Beirut rally after 14 March win
Equity markets in Beirut rallied after Sunday's polls showed the Western-backed 14 March camp has won the majority in the parliamentary elections.
Almost all dealers agree to work with new GM after bankruptcy - CEO
Virtually all dealers asked to do business with the new General Motors Corp after bankruptcy have agreed to do so, while the automaker will work through the weekend to weigh appeals from those that are being cut loose, the company's chief executive said on Friday.
Front page
BD2.3m earmarked to avert outbreak
Bahrain yesterday stepped up measures to avert a potential outbreak of swine flu. An additional BD2.3m has been allocated for the Health Ministry to boost preparations.
Workers hurt as fire razes labour camp
Police said yesterday they were treating a labour camp fire near Bahrain Mall as an accident.
Business
BCCI in new push to boost Thai trade ties
A high-profile delegation representing Bahrain Chamber of Commerce and Industry (BCCI) will travel to Thailand on 24 June.
Bahrain Bay in key expo deal
Bahrain Bay Development will be a diamond sponsor of the 2009 Water and Energy Conservation Expo.
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