In Wednesday's Middle East papers

12 August 2009 05:00  [Source: ICIS news]


Front page

Abbas emerges stronger as Fatah elects new guard
The Palestinian Fatah faction elected a new guard at its first congress in 20 years, according to results issued on Tuesday, aiming to rejuvenate a once-dominant party weakened by internal rifts and a feud with Hamas.

His Majesty returns home after Iran visit
His Majesty Sultan Qaboos Bin Said returned home on Tuesday evening after a visit to Iran.


World oil demand to grow by 0.5mbpd in 2010: Opec
World oil demand will decline slightly in 2009 but start growing again next year, the Organisation of Petroleum Exporting Countries (Opec) oil producers’ cartel said on Tuesday in its monthly report, standing by its previous forecast.

Industrial estates win investments worth RO2.64bn
The Sultanate’s industrial estates attracted investments worth RO2.64bn till the end of March.


Front page

New Fatah leadership boosts Mideast peace efforts
Fatah has elected a rejuvenated leadership that will likely bring the mainstream Palestinian movement more in line with President Barack Obama’s vision for an Israeli-Palestinian peace settlement, according to unofficial results released on Tuesday.

Kuwait foils Qaeda attack on US base
Kuwait said on Tuesday it has foiled an attack by suspected Al-Qaeda members on the main US military base in the Gulf emirate, the first such incident in four years.


US economy still suffering, China on solid footing
The US economy, particularly the job market, continued to struggle in the second quarter, according to data released on Tuesday, while numbers out of China portrayed an economic recovery on solid footing.

Gulf Finance House reports $54m loss
Bahrain-based Gulf Finance House, or GFH, which plans a capital increase of up to $300m, missed analysts’ forecast and reported its third consecutive quarterly loss due to provisions and a slump in income from investment placements.


Front page

Calls flood in about swine flu
The Ministry of Health’s toll-free swine flu hotline has been receiving about 3,000 inquiries a day, according to the ministry’s spokesman.

Fatah old guard decimated
Fatah appeared to have strengthened President Mahmoud Abbas and reclaimed legitimacy with voters on Tuesday by unseating much of the "old guard" of the late Yasser Arafat.


Dubai stocks surge; Tadawul falls
Kuwait’s Zain made its largest gain in four weeks on Tuesday after the telecoms operator called an extraordinary general meeting for 31 August, fuelling investor speculation about a possible takeover bid.

Virgin appoints Fursan as GSA
Virgin Atlantic Airways which is Britain’s second largest long haul carrier serving major cities around the world, has announced the appointment of the Riyadh-based Fursan Travel as its off line "General Sales Agent" (GSA) in Saudi Arabia here on Tuesday.


Front page

Judiciary taking action in response to dorm, Kahrizak incidents
The Judiciary has taken legal steps to punish those behind the attack on students at Tehran University’s dormitory and those security officers who tortured detainees at the Kahrizak detention centre, Judiciary spokesman Ali-Reza Jamshidi said on Tuesday.

Literati review Kimiaii’s novels
The novels of veteran Iranian filmmaker Masud Kimiaii were reviewed at the Honar Cultural Centre on Monday.


3rd Iran-Russia transportation workshop in Moscow
The third meeting of the Iranian and Russian transportation seminar is being conducted in Moscow starting from Tuesday.

Sugar rally may end next year on India output rebound
Sugar output in India may rebound next year as record prices induce farmers to plant more cane, ending a "deficit rally" that’s driven the commodity to a 28-year high, a producers’ group said today.


Front page

World condemns Suu Kyi verdict
Leaders and protesters from around the world have condemned the verdict against Aung San Suu Kyi, Myanmar’s pro-democracy opposition leader.

Taiwan continues hunt for survivors
Hundreds of people in southern Taiwan have been found alive in some of the areas most badly affected by Typhoon Morakot, but hundreds of people remained unaccounted for, cut off by floods and mudslides.


China presses Rio Tinto case

Chinese prosecutors have formally arrested four employees of Anglo-Australian mining giant Rio Tinto five weeks after detaining them on suspicion of corporate espionage and taking bribes.

Data boosts Japan’s Nikkei
A better-than-expected rise in Japanese machinery orders has helped push Tokyo’s benchmark Nikkei share index to its highest level in 10 months, breaking through the 10,500 barrier.


Front page

Jumblatt: All parties back PM-designate’s task to form new government
Progressive Socialist Party leader MP Walid Jumblatt said all parties "fully support" the task of Prime Minister-designate Saad Hariri in forming a national unity government.

Seven men accused of involvement in Aisha Bakkar clashes released on bail
First Investigative Judge in Beirut Ghassan Oueidat approved the release on bail of seven men allegedly involved in deadly sectarian clashes in Aisha Bakkar, a judicial report said on Tuesday.


No new updates


Front page

Proud moment
The efforts of Bahraini youth and their exemplary academic achievements are testaments to their high capabilities and talent, Crown Prince and Deputy Supreme Commander Shaikh Salman bin Hamad Al Khalifa said yesterday.

Uproar over Suu Kyi verdict
The world rounded on Myanmar after opposition leader Aung San Suu Kyi’s house arrest was extended, with the European Union pledging new sanctions and the UN Security Council discussing the crisis early today.


Emal planning to bolster output
State-owned Emirates Aluminium (Emal) plans to ramp up output at a giant new aluminium plant to over 700,000 tonnes by the end of next year, Emal’s chief executive said yesterday.

Deadline for Oman airport bid extended
Oman has extended until 31 August a deadline for international firms, including French Vinci and Indian Larsen & Toubro, to bid for the construction of a new terminal at Muscat’s main airport.

By: Staff Reporter
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