In Thursday's Middle East papers

15 October 2009 05:00  [Source: ICIS news]

OMAN TRIBUNE

Front page

Loyalty March marks HM’s visit
To mark His Majesty Sultan Qaboos Bin Said’s arrival in the Wilayat of Sohar and in expression of the Omani Women’s joy in the Wilayats of Al Batinah region on this happy occasion, a large number of women and young girls staged a march of allegiance and loyalty to celebrate the auspicious arrival of the country’s leader at Saih Al Makarim in the Wilayat of Sohar on Wednesday.

GCC rail network plan gets ministers’ nod
The Gulf Cooperation Council (GCC) transport and communications ministers on Wednesday formally agreed on the proposed GCC rail network, which will cost between $20bn and $25bn.

Business

Sultanate, Reliance seal exploration stakes deal
Oman Oil Company (OOC) on Wednesday bought stakes in two of the oil concessions blocks run by India’s Reliance Industries in the Sea of Oman, the firms announced on Wednesday.

Weak dollar pushes gold, oil hits 2009 peak
Oil rose more than 1% toward $75 a barrel on Wednesday, boosted by a weak dollar and optimism about a global economic rebound that will lead to higher energy demand.

KHALEEJ TIMES

Front page

Road brings Abu Dhabi, Dubai closer
A 10-lane bridge and a 27km expressway linking the Port Zayed area with the Abu Dhabi-Dubai road through the fast developing Saadiyat and Yas Islands, and the Shahama district was opened by General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces on Wednesday.

Dubai forms task force for human trafficking
Dubai Attorney-General, Essam Eissa Al Humaidan, on Wednesday ordered to form a permanent task force to handle human trafficking cases.

Business

Emaar leads DFM to 11-month high
Emaar Properties surged to an 11-month high as part of a broader rise on Wednesday in most Dubai-listed shares, which were buoyed by rallies in global stock markets and a new high for the year in crude oil prices.

CBD operating profit rises 6.6% to Dh915m
Commercial Bank of Dubai, or CBD, announced on Wednesday that its operating profit surged by 6.6% to Dh915m in the first nine months, compared to the same 2008 period.

ARAB NEWS

Front page

Veterans emerge favourites to retain seats on JCCI board
The trend of election to the board of Jeddah Chamber of Commerce and Industry (JCCI) indicated early Thursday that old faces were likely to be replaced by fresh blood, mostly young businessmen and women.

Naif urges Arab action to save Iraq
Second Deputy Premier and Minister of Interior Prince Naif on Wednesday urged Iraq’s neighbours to stand together with Iraq in its fight against terrorists who destabilise the country.

Business

EU told to review stance on trade ties with GCC
The Kingdom has called on European Union (EU) to reconsider its attitude towards the establishment of a free trade zone in order to reach an agreement.

NWC offers plan for development
One year into its existence, the National Water Company (NWC) has reviewed its achievements and set out its vision for the future in a seminar held in Jeddah on Wednesday.

ALJAZEERA

Front page

Dow Jones soars past 10,000 mark
The Dow Jones industrial average has soared past the psychologically important 10,000 mark for the first time in a year.

Rwanda suspect pleads not guilty
One of the top suspects in Rwanda’s 1994 genocide has pleaded not guilty to war crimes charges.

Business

Data lifts China recovery hopes
Better-than-expected trade data has shown demand for Chinese goods is continuing to improve, in the latest sign of recovery for the world’s third-largest economy.

Lack of scrutiny for Geithner aides
Aides to the US treasury secretary who each earned large pay packets working for some of the country’s largest investment companies have been advising the administration on its regulatory policy, despite never having faced senate confirmation.

THE DAILY STAR

Front page

Cabinet deliberations stall as Aoun reiterates demands
Deliberations on cabinet-formation stumbled yet again over the distribution of ministerial portfolios as Free Patriotic Movement (FPM) leader MP Michel Aoun reiterated on Wednesday his demand for the Telecommunications Ministry.

Qabalan says Shiite community’s ‘sole allegiance is to Lebanon’
The Vice President of the Higher Shiite Council Sheikh Abdel-Amir Qabalan said on Monday that the Shiite community’s "sole allegiance is to Lebanon".

Business

Lebanon plans $500m Eurobond issue within weeks
Lebanon is planning a new Eurobond issue in the coming weeks valued at up to $500m to help service existing debt and subsidise a state-owned power company, the caretaker finance minister said Wednesday.

Lebanon’s farmers criticise politicians for lack of support
Lebanese Farmers Syndicate President Antoine Hwayek Tuesday criticised successive post-1989 governments for failing to adopt reliable strategies capable of maintaining a profitable agricultural industry in Lebanon.

GULF DAILY NEWS

Front page

You are our future
Bahrain handed the keys to the future to its young university graduates yesterday, with a new scheme to thrust them into the workplace.

Courts ‘can settle grievances’
A call for a new page of dialogue with the government has gone out after 19 Bahraini youths were cleared of murdering a policeman.

Business

$60bn gas city planned in Iraq
UAE firms Dana Gas and Crescent Oil are looking to build a gas city in Iraq’s western province of Anbar that they hope would draw $60bn in investment, said province governor Qassim Al Fahdawi.

Malaysian firm eyeing partnership in Bahrain
Malaysian credit rating agency RAM Rating Services Berhad (RAM Ratings) is exploring partnership opportunities with financial institutions in Bahrain in the areas of funding and investment.

 

By: Staff Reporter
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