In Wednesday's Middle East papers

11 November 2009 05:00  [Source: ICIS news]


Front page

HM concludes Royal Tour
His Majesty Sultan Qaboos Bin Said on Tuesday evening concluded his official annual Royal Tour for this year during which he visited the Al Batinah and the Al Dhahirah regions.

Shihab conveys HM’s condolences
His Highness King Hamad Bin Isa Al Khalifa, King of Bahrain, received HH Sayyid Shihab Bin Tariq Al Said, envoy of His Majesty Sultan Qaboos Bin Said, in Manama on Tuesday.


Global oil demand to grow 700,000bpd in 2010: Opec
Global oil demand will grow 700,000 barrels per day (bpd) in 2010 as demand growth returns after two years of contraction, Opec Secretary-General Abdullah Al Badri said in a speech delivered on his behalf on Tuesday.

Annual inflation resumes downward trend, falls to 1.25%
Oman’s annual inflation fell to 1.25% in September, after a brief uptick in August, resuming a year-long downward trend, data from the Ministry of National Economy showed on Tuesday.


Front page

Dubai set for diabetes walkathon
Free tests for diabetes will be held at Oasis Centre on 13-14 November. The free tests are part of the Landmark Group’s ‘Beat Diabetes’ initiative to spread awareness and education on diabetes prevention and management.

North Korea boat in flames after naval clash
A North Korean patrol boat was set ablaze after exchanging fire with South Korea’s navy, as the White House warned Pyongyang against an escalation of regional tensions.


Violators to face suspension, fines
Listed companies in the UAE will face fines or suspension from stock exchanges in the event of repeated violations of corporate governance code, newly amended rules announced on Tuesday reveal.

Majid Al Futtaim Leisure in major expansion spree
Majid Al Futtaim Leisure, owner and operator of Ski Dubai and the Magic Planet family entertainment centres, plans to expand aggressively across the Middle East and North Africa over the next 12 months, a top official of the company said on Tuesday.


Front page

Pilgrims urged to take flu jabs as H1N1 drive set to start
The vaccination campaign against the H1N1 virus kicks off in Jeddah on Wednesday.

Border secure against incursions
Airstrikes against infiltrators will continue until they move away from the Kingdom’s southern border, Prince Khaled bin Sultan, assistant minister of defence and aviation for military affairs, was quoted by Saudi Press Agency (SPA) as saying on Tuesday.


Saudi economy forecast to grow 4% in 2010
Saudi economy is poised to grow by 4% in 2010, while it is projected to register real GDP contraction of 0.9% this year, according to a survey released here on Tuesday.

Taiwan trade team watches KACST’s solar energy plan
An 11-member Taiwanese trade delegation left the Kingdom on Monday after visiting the King Abdulaziz City for Science and Technology (KACST) where they watched a presentation on the Kingdom’s solar energy programme.


Front page

Mottaki warns regional countries not to interfere in Yemen conflict
Iranian Foreign Minister Manoucher Mottaki said here on Tuesday that instability in any regional country will affect security in the entire region and regional countries should not interfere in Yemen’s internal affairs.

Kiarostami, Tanavoli holding joint exhibit in Dubai
Artworks by Iranian filmmaker and photographer Abbas Kiarostami, and sculptor Parviz Tanavoli are on display during a joint exhibition at Dubai’s Meem Gallery.


EDBI funds Azeri tower
The Export Development Bank of Iran (EDBI) will secure a €37m loan towards the construction of a 25-storey residential, office and shopping complex in Baku, capital city of Azerbaijan.

Khatam-ol Anbiya wins $2.5bn railway tender
Iran’s Khatam-ol Anbiya Construction Headquarters has won a tender worth $2.5bn for the construction of railway network in Chabahar Free Zone, southeastern Iran.


Front page

Power cut hits millions in Brazil
A massive power failure has blacked out Brazil’s two largest cities and other parts of the country, leaving millions of people without electricity and causing widespread traffic chaos.

Saudi ‘to keep up Houthi offensive’
Saudi Arabia has imposed a naval blockade along the Red Sea coast of northern Yemen in an attempt to cut off supplies to Houthi rebels along its border with Yemen.


No new updates


Front page

Sleiman wants ministerial statement drafted quickly
President Michel Sleiman called on Monday for the prompt formulation of the ministerial statement based upon that of the previous Cabinet to quickly move on to the implementation of modern laws and institutional reforms that would help strengthen Lebanon.

Without national consensus new Cabinet will achieve nothing
Lebanon’s new unity government will be united in name only because of unresolved deep divisions between the rival parties, especially on the issue of Hizbullah’s arsenal of weapons, analysts say.


Lebanese banks recall credit cards as pre-emptive move against fraud
Many Lebanese banks are recalling their credit cards and debit cards and issuing new ones for their customers in pre-emptive move against wide spread global credit card fraud.

EDL to sue electricity bill defaulters, cut power
Electricite du Liban (EDL) intends to file a law suit against customers who have failed to pay their bills.


Front page

Boats clamp too tough say MPs
MPs yesterday rejected jail sentences for boat owners who ignore safety rules, arguing they were too tough.

We still have a long way to go
Bahrain has made significant progress in liberalising the telecom industry, but there is still much to accomplish, according to the head of the country’s watchdog of the industry.


Agility posts 15% rise in profit
Kuwait’s Agility, the Gulf’s biggest logistics firm by market value, posted a 15% rise in third-quarter profit, beating forecasts.

Petroleum firm set up
Mubadala Development Company (Mubadala) and the National Oil and Gas Authority (Noga) have set up a new joint operating company.

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