In Tuesday's Middle East papers
05 January 2010 05:00 [Source: ICIS news]
‘Qadeer’ wins His Majesty’s Cup at Royal Horse Race Festival
‘Qadeer’ of the Royal Cavalry ridden by Ahmed Bin Saif Al Hadhrami bagged His Majesty Sultan Qaboos Bin Said’s Cup at the sixth round "Ras Al Had" for pure Arabian Horses for 2,000 metres at the Annual Royal Horse Race Festival at Al Adiyat horse race track in the Wilayat of A’Seeb on Monday.
HM, Mohammed hold talks
His Majesty Sultan Qaboos Bin Said on Monday gave an audience at Bait Al Barakah to HH Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces at the United Arab Emirates (UAE), and Sheikh Mansoor Bin Zayed Al Nahyan, Deputy Prime Minister and the Minister of Presidential Affairs.
Global stocks bullish on first day of ’10, oil hits $81
Oil rose to $81 a barrel on Monday, the highest in more than two months and world stocks rose close to 15-month highs by hopes of a sustainable economic recovery.
Bernanke signals Fed is ‘cautiously’ open to raising rates
The US Federal Reserve chief on Sunday backed a strengthened regulatory system as the key method to prevent a repeat of the financial crisis, but said monetary policy could help pop future speculation bubbles.
At 828 metres, Burj Khalifa conquers the skies
Fireworks shot out from tiers of the world’s tallest tower as part of the opening ceremony celebrations in which His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, renamed Burj Dubai the Burj Khalifa.
Burj Dubai gets a Twitter surge
The eager buzz that surrounded the opening of the Burj Dubai is now a crescendo. Even before the inauguration Burj Dubai had already become the toast of the social networking world.
Emaar sees positive flip in earnings
The opening of the world’s tallest tower, Burj Dubai, will have a positive impact on the earnings of developer Emaar Properties in the first three quarters of 2010, the company’s chairman Mohamed Alabbar said on Monday.
Burj Khalifa opening ‘unlikely to bring down property prices’
The opening of Burj Khalifa is not likely to bring down property prices as an investor in the iconic tower would be more inclined to have a longer investment horizon and would wait until the market recovers, a leading property analyst said.
Extra body checks for US-bound passengers
Air travellers from 14 countries, including Saudi Arabia, will be subjected to extra body pat-downs and advanced screening of baggage before boarding airliners bound for the United States.
Makkah to be made most advanced city in the world
Makkah Gov Prince Khaled Al-Faisal has emphasised the importance of making Makkah one of the most beautiful, clean, civilised and advanced cities in the world.
India on road-building frenzy
India will soon be building 20 kilometres of roads a day in a bid to replace the decrepit highways that carry nearly three quarters of freight and passenger traffic, the country’s roads minister said on Monday.
Factory output picks up steam
Chinese manufacturing activity expanded at the fastest rate on record in December and the recovery among European manufacturers, led by Britain, gathered pace, according to key surveys on Monday.
Florence café to hang drawings by Iranian artist
Italian Cafè Giubbe Rosse in Florence will be playing host to young Iranian Majid Abbasi’s exhibition of drawings under the title "The Tress Far from the Sun".
Iranian cartoonists win top prizes at Indian contest
Iranian cartoonists Vahid Jafari and Salam Mohammadi have respectively won the first and second awards at the International Manmohan Singh – Sonia Gandhi Caricature Contest.
Whitman to step down as Third Avenue investment chief: report
Veteran investor Martin Whitman will relinquish his role as Third Avenue Management LLC’s co-chief investment officer, the Wall Street Journal
reported on Monday.
JAL shares surge on plan to boost credit line
Japan Airlines Corp shares soared over 30% on Monday as the government and state-backed Development Bank of Japan worked out details of a plan to double an existing credit line to 200bn yen ($2.2bn).
US warns of global Yemen threat
The US has offered to support the Yemeni government’s fight against Al Qaeda, saying instability in the country could have "global implications".
Slow start for tougher US air rules
Enforcement of new airport security measures imposed by the US for in-bound flights has got off to a patchy start, amid complaints of delays and discrimination.
No new updates
THE DAILY STAR
Parties to tangle over administrative appointments
President Michel Sleiman said on Monday administrative nominations should be based on merit, rather than political appointments.
Visiting Cypriot foreign minister highlights need for increased bilateral cooperation
Cyprus Foreign Minister Marcus Kapriano highlighted on Monday his country’s special ties with Lebanon as he stressed the importance of promoting bilateral cooperation on all levels, particularly given Lebanon’s role as a UN Security Council member.
No new updates
GULF DAILY NEWS
Subsidies big part of budget, says Premier
Large government subsidies account for most of the state budget, His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa yesterday said.
Reality show girl commits suicide
An 11-year-old Indian girl who had appeared on television reality shows apparently committed suicide after her parents withdrew her from a dance school.
Debt-ridden Dubai opens Burj Khalifa
Dubai opened the world’s tallest structure in a ceremony meant to put a brave face on crushing debt woes.
Bapco backs industry fair
Bapco has signed a strategic energy partnership agreement with Bahrain-based event organisers Hilal Conferences & Exhibitions (HCE) to sponsor the third Gulf Industry Fair (GIF) next week.
By: Staff Reporter+44 20 8652 3214
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