In Wednesday's Middle East papers

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


Front page

Foreign embassies reopen in Yemen
Yemen has launched an offensive against Al Qaeda and the US embassy in Sanaa reopened on Tuesday after security forces staged a raid just outside the capital that dealt with an imminent security threat.

Royal Oman Police annual day celebrated
Various divisions of the Royal Oman Police (ROP) in the governorates and regions of the Sultanate celebrated its annual day, which is commemorated on 5 January every year, on Tuesday.


Commercial bank assets up 4.2% in 2009: CBO
Liquidity conditions remained by and large comfortable in the Sultanate despite continued deceleration in the growth of monetary and banking aggregates, Central Bank of Oman (CBO) has said.

Muscat set to host first Arab Investment Conference in February
The Arab Union for Real Estate Development will organise a three-day conference in Muscat in February to chart out a new path for regional and international investment partnerships in the region’s property sector.


Front page

Obama poised to unveil counter-terrorism reforms
US President Barack Obama plans to unveil reforms on Tuesday aimed at thwarting future attacks like the attempted Christmas Day airliner bombing, as he seeks to limit political fallout from the incident.

"Burj Khalifa" gains domain name
The Telecommunications Regulatory Authority (TRA) has reserved the domain name for the tallest building in the world Burj Khalifa.


DGCX annual trading volume surges by 32%
The Dubai Gold and Commodities Exchange (DGCX) annual trading volume rose by 32% to 1.5m contracts in 2009, valuing at $79bn, the exchange said.

GCC plans to float $25bn railway project tenders
The Secretariat-General of the Gulf Cooperation Council will soon begin the process for inviting tenders for the proposed $25bn rail network project that links member countries of the council.


Front page

Abdullah, Jordan’s king discuss ME talks revival
Custodian of the Two Holy Mosques King Abdullah held talks here on Tuesday with Jordan’s King Abdallah on major regional and international issues.

UK firm to manage Haramain Railway
Scott Wilson, market leader in providing multidisciplinary services to railways worldwide, has won a SR89.8m contract for the management of the Haramain Railway that would link Makkah, Madinah and Jeddah.


Abu Dhabi’s Waha closes $1.8bn deal with army
Abu Dhabi-listed Waha Capital finalised a $1.8bn financing deal for the United Arab Emirates Armed Forces to buy Airbus and Boeing military aircraft, the firm said on Tuesday.

Work on new Shaybah pipeline near complete
Work on expanding a pipeline at Saudi Arabia’s Shaybah oilfield will be finished soon, industry sources said on Tuesday.


Front page

Iran to attend London confab on Afghanistan if conditions met
Iran has announced it will attend the international conference on Afghanistan in London later this month if it is allowed to play an important role.

Isfahan Metro now threatening Si-o-Se Pol Bridge
A deviation from the correct course in digging the western end of a tunnel for the Isfahan Metro near the Si-o-Se Pol Bridge is threatening the historic Safavid monument.


Emerging stocks lose 20% as Mobius sees IPO backfire
Emerging markets are attracting more money from initial public offerings than industrialised nations for the first time ever, a warning sign to Mark Mobius that the record rally in the shares may turn into a 20% decline.

Small cars take centre stage at Delhi auto show
Global car manufacturers eyeing the explosive growth of the Indian market unveiled new compact models at the Delhi auto show on Tuesday in a bid to break the dominance of entrenched local producers.


Front page

Obama lambasts bomb plot ‘failures’
The US president has criticised the country’s intelligence agencies for failing to disrupt an attempt to blow up a US-bound passenger plane on Christmas Day.

US halts Guantanamo transfers
The US president has suspended the transfer of Guantanamo detainees to Yemen in the wake of the country’s links to the failed Christmas Day attempt to blow up a US-bound passenger jet.


Google launches Nexus One phone
Google has launched its Nexus One phone to challenge Apple’s highly successful iPhone handsets.

Battle for India’s small car market
India’s auto show has opened in New Delhi with the battle for share of the small car market taking centre stage.


Front page

Hariri: Key appointments to be based on merit
Both the issue of the spring municipal elections and the administrative appointments topped the Cabinet’s discussions on Tuesday.

Hariri Tribunal VP hands in retirement notice
Vice President of the Special Tribunal for Lebanon (STL) Judge Ralph Riachi submitted on Tuesday to Justice Minister Ibrahim Najjar an early retirement memo demanding to put an end to his services in the Lebanese judiciary after six months of occupying his position in the STL.


Salameh expects Lebanon’s debt to GDP to fall in 2010
Central Bank governor Riad Salameh said on Tuesday he expects Lebanon’s public debt to GDP to fall further in 2010 thanks to the continued drop in interest rates and growth in the size of the economy.

Lebanon’s Alfa subscribers temporarily lose network service
Thousand of Alfa subscribers in many parts of the country suddenly and without any prior notice lost network service and were unable to call or receive calls.


Front page

Industrial milestone
His Majesty King Hamad has allocated annual scholarships for outstanding Bahrainis to study abroad.

Bahrain plans to raise subsidies
Bahrain is planning to increase prices subsidies, for citizens who genuinely need help, says His Royal Highness the Prime Minister Prince Khalifa bin Salman Al Khalifa.


Telecom firm vows to train Bahrainis
Bahrain’s newest telecom operator, Saudi Arabia’s STC Group, has pledged to benefit the community when it launches services in Bahrain in the coming months.

Major sugar factory to be set up in Bahrain
A major factory producing 585,000 tonnes of sugar a year is to be set up in Bahrain, it was revealed yesterday.

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