In Friday's Middle East papers

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


Front page

Freeze settlements: Merkel
German Chancellor Angela Merkel on Thursday raised the pressure on Israel to freeze its settlement building programme in occupied territory and to resume the peace process with the Palestinians.

Dhofar is ‘free’ of meningitis
Dhofar governorate is free of meningitis and no other new disease or virus was reported from there, according to HE Dr Ahmed Bin Mohammed Al Saidi, Undersecretary for Health Affairs at the Ministry of Health.


US GDP shrinks less, jobless claims fall
The US economy shrank less than expected in the second quarter, despite a record drop in inventories, and fewer workers filed new claims for jobless benefits last week, a sign the economy was starting to heal.

Switzerland, France ink tax deal
Switzerland said on Thursday it signed a double taxation deal with France that would allow for data exchange aimed at clamping down on tax cheats.


Front page

Suicide bomber lightly injures senior Saudi prince
A suicide bomber lightly wounded a senior prince largely credited for Saudi Arabia’s anti-terrorism campaign when he blew himself up just before going into a gathering of well-wishers for the Holy month of Ramadan.

Nazi death camp blueprints given to Israel
The 29 blueprints presented to Israel’s prime minister lay out the Nazi death camp in detail, with gas chambers, crematoria, delousing facilities and watch towers drawn to scale.


DP World’s H1 profit falls 34%
Dubai-based container port operator DP World reported that its first-half profit after tax from continuing operations fell by 34.4% to $188m, due to a downturn in cargo volumes handled at its terminals around the globe.

Inflation returns: Up 0.3% in July
Retail prices in the UAE crept upward at an annual rate of 0.3% in July, the Ministry of Economy said on Thursday, signalling a return of mild inflation just one month after the country experienced its first overall decline in consumer prices since 1990.


Front page

Three more die of swine flu
The Ministry of Health on Thursday announced the death of three Saudis suffering from swine flu, bringing the total number of deaths caused by H1N1 virus in the Kingdom to 19.

Prince Muhammad escapes assassination attempt
Prince Muhammad bin Naif, assistant interior minister for security affairs, escaped an assassination attempt on Thursday night when a wanted terrorist blew himself up inside the prince’s house here.


Corporate news
BPG Group, a major integrated marketing communications company in the Middle East, announced a strategic shift in the way it engages its clients at its 15th annual workshop held in Dubai recently.

Toyota to cut global production by 10%
Japan’s Toyota Motor Corp, seeking to recover from its first year in the red, plans to slash its global production capacity by up to 10% to cope with weak sales, reports said on Wednesday.


Front page

Merkel pushes Israel on settlements
Angela Merkel, Germany’s chancellor, has urged Israel to stop settlement construction in the occupied Palestinian territories and resume the Middle East peace process.

Army tightens grip on Kandahar
The Afghan army has taken direct control of security in the southern city of Kandahar after the deadliest attack in the country in more than a year.


Fall in US GDP less than predicted
The US economy has contracted less than analysts predicted in the second quarter, in a further sign that the country’s recession could be coming to an end.

German business confidence surges
German companies are at their most confident over the state of the economy since the spectacular collapse of US banking giant Lehman Brothers in September 2008 and the subsequent global recession, a survey has shown.


Front page

Deadlines loom large as Lebanon awaits cabinet
A meeting on Thursday between President Michel Sleiman and Prime Minister-designate Saad Hariri ended without breaking any new ground on the formation of the next government, as the process enters its third month.

UN Security Council extends UNIFIL mandate until 31 August, 2010
The Security Council extended on Thursday the mandate of UN peacekeepers in Lebanon but sidestepped the issue of whether they could do more to stop Hizbullah building up an armed presence in the south.


DP World sees one-third drop in profits
Port operator DP World said on Thursday its profit slumped by about a third in the first half of the year as it weathered a "very challenging operating environment" spurred by the drop in global trade.

Egypt’s Ezz Steel profits tumble by 90% in first half
Ezz Steel said on Thursday its 2009 first half net profit tumbled about 90% to 101m Egyptian pounds ($18.25m), but local demand remained strong.


Front page

Schools set up flu isolation rooms
All schools in Bahrain were yesterday ordered to create isolation rooms and set up specialised teams to monitor pupils for a potential outbreak of swine flu.

Arad Fort cleaned up
Mšvenpick Hotel staff joined forces with the Muharraq Municipality and organised a clean-up campaign at the Arad Fort.


GIB trims board in major revamp
Gulf International Bank (GIB) had a major shake-up of its boardroom yesterday as it trimmed the number of directors from 10 to seven.

Alba wins top global award
Alba has been awarded the International Federation of Training and Development Organisations (IFTDO) Global Human Resource Development Award 2009.

By: Staff Reporter
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