18 June 2009 05:00 [Source: ICIS news]
Front page
HM holds talks with Yemeni vice-president
His Majesty Sultan Qaboos Bin Said gave an audience to Lt-Gen Abd Rabouh Mansour Hadi, Yemeni Vice-President and Envoy of President HE Ali Abdullah Saleh, at Bait Al Barakah on Wednesday evening.
Three cases of swine flu detected
The Sultanate on Monday detected three cases of swine flu (H1N1) in Omani students who returned from the United States on 13 June.
Business
Bombay index plunges 2.9%, crude rises to $71
The BSE Sensex fell 2.9% on Wednesday to its lowest close in three weeks, as doubts about the health of the global economy dampened sentiment worldwide and sparked profit-taking on an 86% rally since early March.
Russia should join Opec to control oil price: Lukoil
Russia should join Opec so that the exporters' group can control more than half of world oil output and dictate its price, a top executive of the country's biggest private sector oil company said.
Front page
Iran opposition to hold new protests, mourn victims
Iran's opposition is set to hold marches and a day of mourning for slain protesters as they keep up pressure on the authorities over the disputed presidential election in the country's biggest crisis since the 1979 revolution.
US, Israel seek clarity on settlement freeze
The United States wants Israel to impose a moratorium on new tenders for building in Jewish settlements in the West Bank but is considering allowances that could permit some projects already under way to proceed, Western and Israeli officials said on Wednesday.
Business
Banks ease up on lending
In a fresh sign that property prices in the UAE may have hit bottom, more banks are relaxing their lending limits for mortgages and are seeing an increase in their overall mortgage business.
MAG eyes Continental's French tyre factory
Syrian-owned MAG group said on Wednesday it was aiming to seal a deal to buy a French tyre factory from Continental by the end of the year and would resume production in 2010 after restructuring the plant.
No new updates
Front page
Five more swine flu cases detected in Kingdom
The Ministry of Health announced five more cases of swine flu yesterday raising the total number of confirmed cases to 22.
Terror outfits reined in, says Prince Naif
Prince Naif, second deputy premier and minister of interior, called for greater international efforts to fight terrorism.
Business
Emaar not investing in Jeddah project: KHC
Kingdom Holding Co (KHC) said yesterday it had signed a contract with Emaar Properties for development services through an affiliate that does not involve an investment by the UAE firm.
Most Gulf stocks fall, Qatar biggest loser
Qatar’s index slunk to its biggest one-day reverse for 11 weeks yesterday and most Gulf markets declined on weakening global sentiment and concerns that stocks have run ahead of fundamentals.
No new updates
Front page
Iran protesters to mourn dead
Anti-government protesters in Iran are set to mark a day of mourning on Thursday for those killed in post-election clashes.
Lieberman rejects settlement freeze
Avigdor Lieberman, the Israeli foreign minister, has said his country could not accept a "complete" freeze on settlement building in the West Bank, despite US calls to do so.
Business
No new updates
Front page
'Cabinet must view rival camps without any bias'
Lebanon's Speaker Nabih Berri said on Wednesday that the new cabinet should not "distinguish" between 8 March and 14 March Forces.
Nasrallah describes pre-election remarks by Sfeir as dangerous
Hizbullah leader Sayyed Hassan Nasrallah described as "dangerous" statements made by Maronite Patriarch Nasrallah Boutros Sfeir on the eve of the 7 June parliamentary elections.
Business
Siniora expects economic growth to fall to 4%
Prime Minister Fouad Siniora on Wednesday projected Lebanon's economic growth to fall to 4% in 2009 from 8% in 2008 with a strong possibility that the growth could climb again to 6% at the end of the year.
Italian pavilion shows massive participation at Beirut construction exhibition
The Italian National Pavilion, sponsored by the Italian Trade Commission, opened to the public as part of the 2009 Project Lebanon exhibition on Tuesday.
Front page
Services vow by King
Citizens' welfare is top priority, His Majesty King Hamad said yesterday. "We give full priority to promoting housing and development projects in addition to meeting people's needs," he told a delegation representing Galali villagers at Al Safriya Palace.
Trafficking battle call
Bahrain must step up the battle against human trafficking, according to a new US State Department report.
Business
LubricantS company is set up in Bahrain
A Bahrain-based lubricants company was yesterday set up in a joint venture between Bahrain and Finnish Neste Oil Corp. A contract establishing the firm and approving the bylaw was sealed.
Arcapita sells fast food firm to Friedman unit
Bahrain-based Arcapita Bank has signed a definitive agreement for the sale of Church's Chicken fast food company to a San Francisco firm.
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