In Tuesday's Middle East papers

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

OMAN TRIBUNE

Front page

Israel to build 50 new homes at settlement
Israel’s Defence Ministry said on Monday it had approved construction of 50 new homes at a West Bank settlement as part of a plan for 1,450 housing units, an expansion that defies a US call for a settlement freeze.

Madoff gets 150 years
Disgraced financier Bernard Madoff was sentenced to 150 years in prison on Monday for perpetrating the biggest and most brazen investment fraud in Wall Street history.

Business

Tender Board sanctions tenders worth RO53m
Tender Board held its ninth meeting for 2009 on Monday.

Iraq over optimistic about production plans of 6mbpd, says IEA
Iraqi plans to raise oil output to 6m barrels per day (bpd) by 2017 are likely to be over optimistic, the International Energy Agency (IEA) said on Monday, saying oil capacity could fall over the next two years.

KHALEEJ TIMES

Front page

Yemeni plane crashes in Comoros, 150 on board
An airliner with 150 people on board belonging to Yemeni state carrier Yemenia Air crashed in the Indian Ocean archipelago of Comoros on Tuesday, a senior government official said.

US troops to quit Iraq cities in milestone feted in Baghdad
US troops were poised to end a six-year presence on the streets of Iraq’s towns and cities on Tuesday, a milestone in the country’s recovery of sovereignty feted late into the night by tens of thousands in Baghdad.

Business

‘Mild’ recovery seen in 2010: Morgan Stanley
The UAE economy may have bottomed out, but any recovery will probably be slow in coming. That is the sobering message from investment bank Morgan Stanley, which announced its latest economic forecast for the UAE on Monday.

All UAE airports win aerodrome licence tests
All seven international airports in the UAE have passed the tests to receive the aerodrome licence to be issued by the General Civil Aviation Authority, or GCAA, in accordance with the global and domestic norms.

ARAB TIMES

No new updates

ARAB NEWS

Front page

Kingdom vows to stand by Lebanon
Saudi Arabia yesterday welcomed the election of Nabih Berri as speaker of the Lebanese Parliament and Saad Hariri as prime minister and said the moves would strengthen the country’s security and stability.

Iran confirms poll outcome after recount
Iranian police were out in force across Tehran yesterday as the authorities upheld the official result of this month’s fiercely disputed presidential election over opposition protests.

Business

Value of nonoil Saudi contracts exceeds SR225bn
Despite Saudi Arabia’s subdued economic performance, public sector investment has been ramped up substantially over the past six months.

Saudi-US trade grows 14%
The Embassy of the United States in the Kingdom has plans to facilitate visits by several Saudi delegations to the US over the next two months so that they may have a close view of how small and medium enterprises in the US function.

TEHRAN TIMES

Front page

Guardian Council confirms presidential election
The Guardian Council confirmed the validity of the 12 June presidential election on Monday evening.

‘We still dream of African unity’
South African Ambassador Ebrahim M Saley says that Africans still believe in the dream of a united continent.

Business

Vodafone considers offer for T-Mobile UK
Vodafone, the mobile phone operator, is considering an offer for rival T-Mobile UK, a deal that would catapult it to top spot in Britain, the Financial Times reported on Monday.

US consultants Towers Perrin, Watson Wyatt to merge
Consulting firms Towers Perrin Forster & Crosby and Watson Wyatt Worldwide (WW.N) said on Sunday they plan to merge in an all-stock deal valued at about $3.5bn, as they hope to cut costs amid an economic slump that has caused clients to curb discretionary spending.

ALJAZEERA

Front page

Honduran president vows to return
The Honduran president ousted by a military coup and forced into exile has said he will return home on Thursday.

Yemeni plane crashes off Comoros
An airliner belonging to the Yemeni state airline has crashed off the Indian ocean archipelago of Comoros.

Business

No new updates

THE DAILY STAR

Front page

Hariri emphasises need for unity cabinet to end divide
Lebanon’s Prime Minister-designate Saad Hariri stressed on Monday the need for the formation of a national-unity cabinet in order to end the political divide between the 8 March and 14 March forces.

Four suspects charged with plotting attacks in Lebanon, Syria
Four people suspected of links to Al-Qaeda were charged on Monday with planning attacks in Lebanon and Syria, judicial officials said.

Business

Beirut Exchange accessibility needs improvement
In its annual assessment of the market accessibility of 75 Developed, Emerging and Frontier equity markets, global portfolio analytics and indices provider MSCI Barra kept Lebanon in its Frontier Markets category.

Citigroup raises target price of Solidere to $34
US-based financial services giant Citigroup issued an update report on Solidere, the Lebanese company in charge of the reconstruction and development of the Beirut Central District subsequent to the 1975-90 Civil War, in which it raised its target price to $34, from its previous target price of $26.

GULF DAILY NEWS

Front page

Car blast suspects in court
An alleged bomber maimed when the device blew up in his car, killing his passenger, was wheeled into court yesterday.

Tehran clamp as election upheld
Iranian police were out in force across Tehran yesterday as authorities upheld the official results of this month’s fiercely-disputed presidential election.

Business

Middle East lending blow
The debt restructurings of privately-owned Saudi groups Saad and Al Gosaibi could curtail international lending to Saudi Arabia and the Middle East, banking sources said yesterday.

Chance for SMEs to explore business prospects
More than 100 small- to medium-sized businesses (SMEs) were represented at a two-day seminar which opened yesterday to help them boost exports from Bahrain.

By: Staff Reporter
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