In Monday's Middle East papers
31 August 2009 05:00 [Source: ICIS news]
Front Page
Japan opposition sweeps powerJapanese voters swept to power an untested centre-left party on Sunday in an electoral avalanche that ended more than half a century of almost unbroken conservative rule, according to exit polls.
UK’s ‘overwhelming’ interest freed Megrahi
The British government decided two years ago it was "in the overwhelming interests of the United Kingdom" to make the Lockerbie bomber eligible for return to Libya, The Sunday Times newspaper reported even as Britain denied any link on Sunday.
Business
Swiss hands over details of tax evaders to FranceFrance has secured the names and details of some 3,000 suspected tax evaders with Swiss bank accounts in what the budget minister described as a first in its battle against banking secrecy.
Oman to post 1.9% growth in ’09 on prudent policies, says GIH
The Sultanate will achieve a marginal growth of 1.9% in 2009 before recovering by the end of 2010, Global Investment House (GIH) said in a report.
Front Page
10 stations ready for metro launch10 stations on the emirate’s rail system will open on 9 September on the launch day, RTA officials said on Sunday.
Bahrain reports first swine flu death
A Southeast Asian woman became the first person to die of swine flu in Bahrain, health officials in Manama said on Sunday.
Business
Economy to see growth in Q4: Al MansouriThe UAE economy has overcome the worst phase of the global financial crisis and will see growth by the last quarter of this year, Minister of Economy Sultan Al Mansouri said on Sunday.
DP World, Odebrecht jointly acquire majority stake in Embraport
Container port operator DP World and Brazilian company Odebrecht have jointly acquired a majority stake in Embraport, a private Brazilian port terminal, which is under construction in Santos.
Front Page
Kuwait's fifth swine flu death reported as nine year oldThe Health Ministry reported the fifth death of swine flu in the State of Kuwait as a nine year old boy who had suffered chronic respiratory and chest ailments.
All unlicensed advertisements to be removed
The committee tasked with removing violations and unlicensed use of state properties bans all types of advertisements unless they get clear license by the Municipality, an official stressed anew on Sunday.
Business
No new updates
Front Page
Monorail will be ready for Haj next yearThe SR6.5bn monorail project linking Makkah with the holy sites of Mina, Arafat and Muzdalifah will be ready for use by pilgrims for the Haj next year, a report issued by the Supreme Haj Committee said.
Attack will not change policy: Naif
Second Deputy Premier and Interior Minister Prince Naif has emphasised that the Kingdom’s policy of enticing "repentant" extremists will not change in reaction to the recent assassination attempt on his son - Assistant Interior Minister for Security Affairs Muhammad bin Naif - by a man pretending to surrender.
Business
Alternative energy sector is expected to grow 25%The alternative energy sector is expected to grow 25% annually and account for almost 70% of the global energy market through 2030.
Dubai, Qatar stocks gain
Positive sentiment pushed most Gulf Arab markets higher on Sunday as investors bought stocks in anticipation of a sustained rally in the fourth quarter.
Front Page
MPs start deliberations on cabinet nomineesThe Majlis began the process of examining the qualifications of the nominees for ministerial posts on Sunday.
Qazvin to host Iran’s first International Calligraphy Biennial next year
The city of Qazvin, birthplace of Mir-Emad, will be hosting Iran’s First International Calligraphy Biennial next year.
Business
Pakistan's sugar crisis dampens festive spiritsA sugar crisis in Pakistan has wrong-footed the political leadership as mills owned by lawmakers are blamed for compounding the miseries of Pakistanis and housewives struggle to sweeten the Eid festival.
Lost in Japan’s election season: The economy
While Japanese voters seemed poised to end the Liberal Democratic Party’s long hold on power on Sunday, the momentous election has focused surprisingly little attention on the pressing problems that threaten the world’s second largest economy. Front Page Israel's Olmert charged with graft
The Israeli authorities have charged Ehud Olmert, the former prime minister, with corruption.
Expelled leader attacks India's BJP
An Indian politician whose book on the founding father of Pakistan sparked controversy at home, has hit out at his former political party.
Business
No new updates
Front Page
Fadlallah warns against accepting 'humiliating' concessions for IsraelSenior Shiite Cleric Sayyed Mohammad Hussein Fadlallah warned on Sunday against attempts to normalise ties with Israel and submit to its "humiliating" conditions.
Sfeir holds commemoration mass for late Kennedy
Maronite Patriarch Nasrallah Sfeir headed on Sunday at his summer residence in Diman, a mass to commemorate the death of United States Senator Ted Kennedy.
Business
Merrill Lynch keeps Lebanon debt at 'Market Weight'Merrill Lynch maintained its recommendation on Lebanon’s external debt to "Market Weight" in its model portfolio of emerging markets debt and decreased Lebanon’s market weight by 0.1 percentage points to 5.8% in August, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group.
OPEC likely to keep oil output unchanged in next meeting
OPEC is likely to keep oil production targets unchanged when it meets in September on expectations that demand would strengthen over winter as the global economic recovery gathers pace, a senior Gulf OPEC delegate told Reuters on Sunday.
Front Page
Crisis fund for families axedAn emergency budget to help families in crisis has been axed - forcing a municipal council to turn to charity.
More Ramadan meat shipments arrive
A total of 1,500 heads of Australian lamb were distributed in Bahrain's market yesterday after the first shipment of 21,000 heads arrived on Saturday morning.
Business
Firm launches pioneering Sharia insurance productBahrain's leading Islamic insurance company t'azur yesterday launched what it believes is the world's first Sharia-compliant charitable insurance product.
Entertainment City awards $27m contract
Abu Dhabi Investment House's (ADIH) Qatar Entertainment City project has awarded a Qatari riyal 100m ($27.4m) contract to HBK Contracting to complete Phase II of the project's infrastructure within 18 months.
By: Staff Reporter
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