In Monday's Middle East papers

06 July 2009 05:00 [Source: ICIS news]

Front page

Barak to discuss compromise plan
Defence Minister Ehud Barak said he would discuss with a US envoy on Monday a compromise over a peace plan calling for an Israeli settlement freeze and seek ways to promote regional peace even as Israeli Prime Minister Benjamin Netanyahu repeated his conditions for Palestinian statehood.

US will not stand in Israel’s way on Iran, says Biden
US Vice-President Joe Biden on Sunday said the Obama administration would not stand in Israel’s way should the latter chooses to take military action to eliminate Iran’s nuclear threat.

Business

France calls for stability between currencies
France made a push for better international foreign exchange coordination on Sunday and said there was a need for more stability between the major currencies.

Delhi will have to do ‘tough balancing act’ with budget
India’s new government will have to balance conflicting objectives of spurring growth and reining in a soaring fiscal deficit when it presents its first budget on Monday.

KHALEEJ TIMES

Front page

Israel has right to deal with Iran: Biden
Israel has a sovereign right to decide what is in its best interest in dealing with Iran’s nuclear ambitions whether the United States agrees or not, US Vice President Joe Biden said in an interview on Sunday.

Iran frees foreign reporter amid fresh vote claims
Iran on Sunday freed a British-Greek journalist and police said they had let go most other people detained in election protests but fresh challenges were made to the outcome of the presidential vote.

Business

Flydubai hits turbulence on planned service to Indian city
Dubai’s start-up budget airline flydubai suffered its first operational glitch in an otherwise smooth rollout of new flights, acknowledging on Sunday that it was still trying to work out "the final few pieces" of the service it plans to launch later this month to Chandigarh, India.

Emcredit to release credit related economic indicators
Emcredit, the UAE’s first government-backed credit information services company, on Sunday announced that it is set to launch quarterly market and credit-related economic indicators focussing on the UAE.

ARAB NEWS

Front page

Commission office at Durrat Al-Arous
Second Deputy Premier and Interior Minister Prince Naif has ordered the Commission for Promotion of Virtue and Prevention of Vice to open an office at Jeddah’s Durrat Al-Arous, Ahmad Al-Qassim, the local director of the commission, told Arab News on Sunday.

Biden gives Israel OK for Iran attack
US Vice President Joe Biden seemed to give Israel the green light for military action to eliminate Iran’s nuclear threat, saying the US "cannot dictate to another sovereign nation what they can and cannot do."

Business

Tadawul bounces back; Gulf markets fall
Most Gulf Arab markets fell on low volumes on Sunday as declining oil prices and losses on global exchanges late last week soured regional sentiment.

China not yet clarified duties, says SABIC
The Saudi Basic Industries Corp (SABIC) said on Sunday that the Chinese Ministry of Commerce, which began investigation in cases filed by a number of Chinese raw coal-based methanol manufacturing companies to impose protectionist duties against Saudi methanol on the ground of dumping, have not yet taken any action for the clarification of all parties concerned.

ALJAZEERA

Front page

Honduras clashes turn deadly
A 10-year-old boy has been killed in clashes between Honduran forces and supporters of Manuel Zelaya as the military thwarted an attempt by the ousted president to fly back to the country.

Deaths as Afghan offensive expands
At least two Nato soldiers have been killed in southern Afghanistan's Helmand province, as thousands of US marines moved deeper into the province to tackle Taliban fighters.

Business

No new updates

THE DAILY STAR

Front page

Hariri insists cabinet formation 'strictly' Lebanese affair
Lebanon's Prime Minister-designate Saad Hariri said on Saturday that the formation of the upcoming national-unity cabinet was a "strictly" Lebanese domestic affair, adding that the government "will have to stem from the Presidential Palace in Baabda."

Palestinians 'optimistic' about Hariri premiership
Fatah's commander in Lebanon Brigadier Sultan Abu al-Aynayn said on Saturday that "Palestinians are more optimistic now that Future Movement leader MP Saad Hariri has been appointed prime minister."

Business

Iraq seeks new auction for oil and gas fields
The Iraqi government is hoping that a second major auction of oil and gas fields later this year will help revive a struggling oil industry where a first auction this week fell short, a government spokesman said.

International agencies say economic crisis increases need for trade aid
International agencies are set to urge an increase in assistance for trade by developing countries at a conference beginning on Monday, amid fears that aid will be eroded by the economic crisis.

GULF DAILY NEWS

Front page

Housing vow by Premier
More homes and better health and education services for Bahrainis were pledged by Prime Minister Shaikh Khalifa bin Salman Al Khalifa.

Two more sickle cell deaths probed
An investigation has been launched into two of three deaths related to sickle cell patients in six days, it emerged yesterday.

Business

Business council set to boost Thai investments
A Bahraini-Thai Business Council has been formed to explore ways of bolstering bilateral investment and partnerships.

Telecom firm denies eyeing Zain assets
France Telecom is not, for now, considering a bid for assets of telecom giant Zain, it emerged yesterday.

By: Staff Reporter
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