In Tuesday's Middle East papers

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

OMAN TRIBUNE

Front page

Committed to making progress
His Majesty Sultan Qaboos Bin Said presided over the annual convening of the Council of Oman at Hisn Al Shomoukh in the Wilayat of Manah on Monday.

HM pardons 158 prisoners
His Majesty Sultan Qaboos Bin Said, the Supreme Commander, has issued a Royal pardon for a number of prisoners, who had been earlier convicted in different cases.

Business

L&T Heavy Engineering facility opened
Undersecretary at the Ministry of Commerce and Industry for Administrative, Financial and Regional Affairs HE Ahmed Bin Suleiman Al Maimani inaugurated the hi-tech manufacturing facility of L&T-Zubair Co joint venture, Larsen & Toubro Heavy Engineering, in Sohar Industrial Port Company (Spic) area on Monday.

Japan posts strongest growth since 2007
Japan announced on Monday its best economic growth in more than two years during the latest quarter, boosting hopes the global economy is getting back on its feet after the worst recession in decades.

KHALEEJ TIMES

Front page

Airbus, Etihad seal major deals
Airbus SAS announced its second order of the Dubai Airshow in as many days – a sale of A320 jetliners worth $700m at list prices to Yemen Airways – while the UAE’s Etihad Airways disclosed a package of contracts for aircraft repairs and other services totalling $750m.

Nuclear deal becomes reality
The historic agreement between the UAE and the US on the peaceful development of nuclear energy is now a reality, Dr Anwar Gargash, Minister of State for Foreign Affairs, confirmed on Monday.

Business

FlyDubai signs two aircraft financing agreements
Flydubai, Dubai’s first low cost carrier, on Monday signed two aircraft financing agreements worth $160m, and a $22m contract with Goodrich Corporation for wheels and carbon brakes for 54 planes, its CEO Ghaith Al Ghaith said at the Dubai Airshow.

Sufficient liquid assets can prevent financial crisis
UAE Central Bank Governor Sultan bin Nasser Al Suwaidi said that banks in the country would have had no problems during the financial crisis, if they owned sufficient liquid securities among their assets.

ARAB NEWS

Front page

Kingdom in full control of border
The Council of Ministers announced on Monday that Saudi security forces had taken full control of the Kingdom’s southern border after driving away Yemeni infiltrators.

Hamas rejects PA’s UN move for statehood
Hamas rejected on Monday a Palestinian suggestion to seek UN Security Council support for unilaterally declaring a Palestinian state in the West Bank and Gaza Strip.

Business

SR3bn Lamar Towers project taking shape in Jeddah
Jeddah’s skyline along the Corniche will have a new dimension with Lamar Towers, described as the Kingdom’s first integrated skyscraper project, beginning to take shape.

A positive day for Saudi market
It was a positive day for the Saudi stock market on Monday, with only insurance sector closing negatively. TASI climbed 0.7% to 6,315 points.

ALJAZEERA

Front page

Yuan in focus as Obama meets Hu
The US and Chinese presidents are to meet in Beijing on Tuesday for talks expected to be dominated by the global economy and ongoing tensions over China’s currency policy.

Fears grow over Iran nuclear sites
Iran’s belated revelation of a second uranium enrichment site has raised concerns about possible further secret nuclear sites in the country.

Business

No new updates

THE DAILY STAR

Front page

Sfeir: Hizbullah has its own agenda
Maronite Patriarch Nasrallah Butros Sfeir said on Monday Hizbullah was attempting to implement its own agenda, adding that he refused to visit Syria in the current period.

Cabinet statement expected to exclude resistance weapons
The Cabinet’s policy statement is expected to be ratified prior to Independence Day on 22 November as political parties seemed to have agreed on Monday to postpone tackling controversial issues, including but not restricted to Hizbullah’s weapons, to upcoming dialogue sessions.

Business

Euro-Med’s millions of inhabitants face post-crash poverty challenge
Preventing poverty from striking the Euro-Mediterranean’s 65m inhabitants is to be one of the main challenges faced by the region after the eruption of the world financial crisis, a human rights leader said on Monday.

Lebanon’s 12 largest banks see 9.2% profit increase in first nine months
Profits of Lebanon’s 12 leading banks went up by 9.2% in the first nine months of 2009, according to Bank Audi’s Weekly Monitor.

GULF DAILY NEWS

Front page

A mission to help Bahrain’s needy...
Plans to expand American Mission Hospital (AMH) are on the cards – but only if money can be raised without increasing fees for patients, retired chief medical officer and CEO Dr Paul Armerding has revealed.

Murderer loses a third appeal
Bahrain’s highest court yesterday upheld the death penalty against a convicted murderer, who tried to overturn his sentence for the third time.

Business

Banking probed
Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj, yesterday received an Uzbekistani delegation headed by the country’s Deputy Prime Minister and Foreign Economic Relations, Industry and Investment Minister Elyor Ganiev.

Office market in transition
Parking constraints and access problems are driving office occupiers in Bahrain out of the central business district to areas where this is less of a problem.

By: Staff Reporter
+44 20 8652 3214

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