In Wednesday's Middle East papers

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

OMAN TRIBUNE

Front page

‘Absolutely no’ nod for Israel to hit Iran: Obama
US President Barack Obama on Tuesday rebuffed suggestions that Washington had given Israel a green light to attack Iran’s nuclear facilities.

Manager of Ponzi scheme arrested
The Public Prosecution has busted a Ponzi scheme and arrested the promoter who ran a ‘Platinum Portfolio’ on charges of money laundering and fraud after finding that he had accepted huge amounts as deposits without a licence.

Business

Second stimulus needed to ‘prop up’ US economy
The United States should be planning for a possible second round of fiscal stimulus to further prop up the economy after the $787bn rescue package launched in February, an adviser to President Barack Obama said.

Macki calls for improving Oman-Brunei trade relations
HE Ahmed Bin Abdulnabi Macki, National Economy Minister and Deputy Chairman of the Financial Affairs and Energy Resources Council, in his speech to Brunei Darussalam Economy Development Council called for improving the trade relations to enhance bilateral relationship.

KHALEEJ TIMES

Front page

Jackson hailed as greatest entertainer, best dad
Mariah Carey, Stevie Wonder and Usher sang emotional farewells on Tuesday to Michael Jackson, who was hailed as ‘the greatest entertainer that ever lived’.

‘Absolutely’ no green light for Israel to strike Iran: Obama
US President Barack Obama strongly denied in an interview on Tuesday that the United States had given Israel a green light to strike Iran’s nuclear facilities.

Business

Deyaar CEO: We are not in talks with Union Properties
Deyaar Development denied on Tuesday that it was in talks with its peer Union Properties for a possible merger between the two Dubai-based listed developers - a subject of intense market speculation since the suspension of trade in the shares of home loan providers Amlak Finance and Tamweel late last year.

Mahindra Satyam aims to double business in ME
Indian outsourcing firm Satyam Computers Limited, newly rebranded as Mahindra Satyam, aims to double its business in the Middle East by 2010, a top company official said on Tuesday.

ARAB NEWS

Front page

Gulf power grid comes live this month
The power grids of Saudi Arabia, Kuwait, Qatar and Bahrain will be linked later this month, the body overseeing interconnection said on Tuesday.

Police stations to have ‘green guards’ by ’10
Police are commissioned "to serve and protect" the public. Now the environment is getting the same treatment under a new proposal.

Business

Saudi stocks recover after fall
The Saudi stock market moved relatively in horizontal directions on Tuesday after falling to a 10-week low on Monday.

Aramco, Total sign $9.6bn deals
Saudi Aramco and France’s Total on Tuesday signed contracts worth $9.6bn in engineering, procurement and contracting (EPC) deals.

ALJAZEERA

Front page

Hu to skip G8 over China unrest
The Chinese president is skipping the G8 summit in Italy and returning to Beijing following unrest in China's western Xinjiang province that has claimed at least 156 lives.

Indonesians head to the polls
Indonesians have begun casting their ballots in only the country's second direct presidential elections as polling kicked off in the eastern-most province of Papua.

Business

No new updates

THE DAILY STAR

Front page

Steinmeier voices hope for 'fruitful' cabinet deliberations
German Foreign Minister Frank-Walter Steinmeier hoped on Tuesday that deliberations carried out by Prime Minister-designate Saad Hariri to form a national-unity Cabinet in Lebanon will be "fruitful."

France, Syria, insist formation of cabinet Lebanese affair
France and Syria stressed on Tuesday that the formation of Lebanon's upcoming Cabinet was a domestic affair, and thus the responsibility of Lebanese politicians.

Business

Salameh renews confidence in Lebanese banking sector
Central bank Governor Riad Salameh renewed confidence in the performance of the Lebanese banking sector on Tuesday but insisted Lebanon would witness a higher level of unemployment in the future as a result of the global financial crisis.

European airlines witness continued decline in traffic
European airlines reported little respite from the economic gloom hampering passenger air travel on Tuesday, but June data again suggested a slump in cargo traffic had stabilised.

GULF DAILY NEWS

Front page

Rape claim spurs nurses' safety plea
Nurses are living in fear following the alleged kidnapping and gang rape of a colleague as she left Salmaniya Medical Complex at the end of her shift.

New order in murder trial
Five key witnesses will be summoned in the trial of a man who allegedly murdered a hotel guest, following orders by the High Criminal Court.

Business

US seeks $15bn pledge
The US wants the G8 summit to commit $15bn over several years for agricultural development in poor countries to fight food insecurity, according to a draft declaration.

Deyaar set to close $136m debt fund
Dubai developer Deyaar expects to close a 500m UAE dirham ($136.2m) distressed debt fund by year-end, the firm's chief executive said yesterday.

By: Staff Reporter
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