In Monday's Middle East papers

04 January 2010 05:00  [Source: ICIS news]


Front page

US, UK shut down embassies in Sanaa
The United States and Britain closed their embassies in Yemen on Sunday over security concerns about possible militant attacks after the failed bombing of a US-bound plane on Christmas Day.

His Majesty to preside over Royal Horse Race Festival today
His Majesty Sultan Qaboos Bin Said will preside over the Annual Royal Horse Race Festival which will be held on Monday at Madinat Al A’diyat Race Course in the Wilayat of A’Seeb.


Eurozone faces debt crisis in 2010
The eurozone’s new year heralds a debt crisis that has alarm bells ringing and markets tracking government plans to tame the growing shortfall.

Japan throws $2.2bn lifeline to JAL
Japan agreed on Sunday to give a new lifeline to troubled Japan Airlines (JAL) by doubling a state-funded loan for the carrier to 200bn yen ($2.2bn).


Front page

All eyes on Burj Dubai
Take a paper and jot down what you think the height of the Burj Dubai will be. You will know if you were spot on tonight when the official height of this iconic tower is revealed.

Dubai ready to salute visionary
School children walked with pride, holding up banners that read He is in Our Eyes and Hearts at Al Mamzar, summing up the sentiments on the eve of the fourth anniversary of the accession of the Ruler of Dubai.


Burj Dubai launch to trigger recovery, reignite optimism
The opening of Burj Dubai today could not have come at a more opportune time as the whole region has been dreaming of such a magic moment that could trigger a long-awaited economic recovery after more than year of unprecedented slump and gloom, business leaders said on Sunday.

Dubai Duty Free records $1.14bn annual sales
In a year that posed many challenges for the global airport retail sector, Dubai Duty Free has bucked the trend by announcing record annual sales of Dh4.1bn ($1.140bn) for 2009, representing a 3.76% increase over the previous year.


Front page

Hamas urges Saudi mediation
Hamas leader Khaled Meshaal, who held talks with Foreign Minister Prince Saud Al-Faisal on Sunday, called on Saudi Arabia to play a "special role" in Palestinian reconciliation and, together with the international community, exert more pressure on Israel for the sake of peace and security in the region.

No takers for east Jeddah properties
Real estate agents have estimated the value of property damaged by last November’s floods in east Jeddah at more than SR100m and said property prices have dropped drastically in areas worst hit by the disaster.


Jadwa Investment acquires equity stake in GUFC
Jadwa Investment has completed its acquisition of a substantial equity stake in Gulf Union Foods Company (GUFC) through Jadwa Food and Beverage Opportunity Fund, according to a joint announcement from the two companies.

GPIC opens world’s largest CO2 plant
With the opening of the world’s largest carbon dioxide (CO2) recovery plant at Gulf Petrochemical Industries Company (GPIC) Complex in Sitra, GPIC has become the first petrochemical company in the Middle East to use this advance technology to recycle carbon emissions.


Front page

Majlis rejects request to withdraw subsidy reform bill
On Sunday, Iranian MPs rejected the administration’s request to withdraw the subsidy reform bill and called for the full implementation of the bill.

Iran adds anti-Western imperialism films section to Fajr festival
A section featuring anti-Western imperialism films, will be set up at the Fajr International Film Festival, the organisers announced on Saturday.


Tokyo bourse to launch high-speed trading system
The Tokyo Stock Exchange will launch a new high-speed trading system today, scrapping an antiquated, glitch-prone platform for one that aims to compete with major global rivals.

Sandy Weill tells NYT Citigroup’s managers failed the company
Sandy Weill, the former chairman of Citigroup Inc, said that the model on which he built the bank did not fail, though its managers did, the New York Times reported, citing an interview with him.


Front page

US and UK shut Yemen embassies
The United States and Britain have closed their embassies in Sanaa, Yemen’s capital, citing security concerns after threats from an Al Qaeda group.

Tighter checks for US-bound flights
The US government has announced that visitors from several countries will be subject to new airport security screening procedures.


Singapore economy weakens in Q4
Singapore’s economy has shrunk a bigger-than-expected 6.8% in the fourth quarter, led by a 38% plunge in manufacturing.

‘Payout plan’ angers Iceland voters
Iceland’s president is facing pressure to halt the repayment of $5bn to British and Dutch savers who lost their money when the island’s banks collapsed over a year ago.


Front page

Sleiman, Sarkozy stress need to implement Resolution 1701
Lebanon’s Cabinet is scheduled to meet on Tuesday to tackle a series of pending issues in what is likely to be its first controversial meeting following its formation.

Jumblatt plans Syria visit, denounces UNSCR 1559
Progressive Socialist Party (PSP) leader MP Walid Jumblatt said on Sunday he would visit Damascus when the time and circumstances were right for both him and the Syrian leadership.


No new updates


Front page

Mortuary plea
Foreign embassies in Bahrain are being urged to follow up cases of more than 10 unclaimed expat bodies at the Salmaniya Medical Complex (SMC) mortuary, some dating back six years.

New push to end university row
A proposal to relocate a university being built in A’ali could end months of dispute between residents and the Central Municipality.


Towering woes overshadow Burj opening
Dubai was preparing yesterday to inaugurate the world’s tallest tower, a symbol of the Gulf emirate’s unbridled ambitions, amid ongoing fears about a financial catastrophe.

$55m carbon dioxide recovery plant opens
The Middle East’s first carbon dioxide recovery plant has been opened at the Gulf Petrochemical Industries Company (GPIC).

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