In Monday's Middle East papers

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

OMAN TRIBUNE

Front page

Barak sees chance for progress in talks
Israeli Defence Minister Ehud Barak said on Sunday he saw a chance to advance peace talks with Palestinians and that a policy speech by Israel’s premier, dismissed by Egypt as flawed, was a major step forward.

Dreamliner to take to skies on 30 June
US aerospace giant Boeing is readying its 787 Dreamliner for first test flight in the coming days, banking on the new fuel-efficient plane to sail above stiff market headwinds.

Business

Xstrata eyes $68bn merger with Anglo
Xstrata wants talks with mining rival Anglo American about a proposed merger of equals worth about $68bn, seeking increased scale and cost synergies, Xstrata said on Sunday.

‘Ecuador threatens to expel foreign oil firms’
Ecuador’s president on Saturday threatened to expel foreign oil firms, which launch legal challenges against his government.

KHALEEJ TIMES

Front page

Struggle among Iran’s clerics bursts into the open
A backstage struggle among Iran’s ruling clerics burst into the open on Sunday when the government said it had arrested the daughter and other relatives of Ayatollah, who is one of the country’s most powerful men.

Al Qaeda says would use Pakistani nuclear weapons
If it were in a position to do so, Al Qaeda would use Pakistan’s nuclear weapons in its fight against the United States, a top leader of the group said in remarks aired on Sunday.

Business

Jafza posts 18% revenue growth; freezes fee hikes
Jebel Ali Free Zone Authority, known as Jafza, recorded an 18% growth in revenues during the first quarter of 2009 compared to the same period of 2008, in spite of the economic downturn.

Total Lubricants ME and AW Rostamani Trading sign deal
Total Lubricants ME and AW Rostamani Trading have signed an agreement to market Elf lubricants in Dubai and across the Northern Emirates, with the aim to place the brand in the top five position within the retail market by 2011.

ARAB TIMES

No new updates

ARAB NEWS

Front page

What pains you pains me, King Abdullah tells citizens
Custodian of the Two Holy Mosques King Abdullah told citizens yesterday he is part of them and feels their pains.

Israel to pump $250m into settlements
The Israeli government has allocated one billion shekel ($250m) for West Bank Jewish settlements over the next two years, Israeli Army Radio reported yesterday.

Business

Transparency is the key to success
Honesty, integrity and transparency are the keys to the progress of Islamic finance, says Ahmed Balwafi, a researcher at the Islamic Economics Research Centre (IERC) of King Abdulaziz University in Jeddah.

Tawarruq resolution raises many questions
The International Council of Fiqh Academy (ICFA), which is an organ of the Organisation of the Islamic Conference (OIC), has published a resolution on Tawarruq, a cash management instrument used by some Islamic banks.

TEHRAN TIMES

Front page

Candidates and followers are different from rioters: Larijani
Majlis Speaker Ali Larijani said late on Saturday that the Islamic Republic system welcomes citizens’ questions about the presidential election results but everyone should make a differentiation between the candidates and critics of the election results and the rioters.

Iran’s Air Force starts maneuvers on Monday
Iran will carry out an air maneuver today to strengthen the operational might of the air force.

Business

Rally's fate hinges on Fed, home sales
Without further signs of life in the lacklustre economy or hints from the Federal Reserve the outlook is improving, stocks' three-month rally may run into more obstacles next week.

Volkswagen sees positive Q2 results : CFO
Germany's Volkswagen will have a "positive result" in the second quarter and would consider giving sports car maker Porsche a loan if asked, VW's chief financial officer Hans Dieter Poetsch said on Saturday.

ALJAZEERA

Front page

Iran's Mousavi urges more protests
The politician at the centre of Iran's opposition movement has called on his supporters to continue their protests over the country's disputed presidential election in the face of a growing security crackdown.

Thousands flee Mogadishu fighting
Thousands of people have fled the Somali capital Mogadishu amid escalating fighting between government forces and opposition fighters after the country's president declared a state of emergency.

Business

No new updates

THE DAILY STAR

Front page

Parliament's oldest MP expects to call session to re-elect Berri as speaker
The elected 2009 Parliament, which has been officially in power since midnight on Saturday, is expected to convene on 25 June to re-elect Nabih Berri for the post of speaker, sources close to Parliament's eldest member MP Abdel-Latif Zein, 79, told The Daily Star on Sunday.

Eight suspects convicted in plot to attack UNIFIL
A Lebanese military court has convicted eight men of plotting to attack UN peacekeepers in southern Lebanon, a court official said on Saturday.

Business

Trading of Beirut stocks slows, erasing previous gains
Trading on the Beirut Stock Exchange was relatively calm this week compared to the previous week, with $21.4m worth of stocks were traded, down from $98.8m last week.

The economy: Is it green shoots or yellow weeds?
It is a difficult balancing act. Where some economists see "green shoots" of a recovery others see only yellow weeds of continuing recession.

GULF DAILY NEWS

Front page

Toddler dies as fire rips through flat
A four-year-old boy was killed when a fire ripped through a second-floor flat in Bilad Al Qadeem yesterday.

10km queues for causeway
Thousands of trucks are stranded on the Saudi side of King Fahad Causeway to Bahrain, with some taking up to 10 days to get through border checks, it emerged yesterday.

Business

Housing push
Affordable housing is, arguably, the most pressing socio-economic issue on the national agenda, said a leading businessman.

Mortgages in Bahrain may top $1.9bn
The mortgage market in Bahrain and across the GCC slowed down in the first three months of this year and could slow further.

By: Staff Reporter
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