In Tuesday's Middle East papers
07 July 2009 05:00 [Source: ICIS news]
OMAN TRIBUNE
Front page
Ethnic riots in China leave 156 dead
At least 156 people have been killed in rioting in China’s northwestern Xinjiang region, with the government blaming exiled separatists for the traditionally Muslim area’s worst case of unrest in years.
Brunei heir apparent receives Macki
Prince Al Muhtadee Billah, Heir Apparent of Brunei Darussalam, received HE Ahmed Bin Abdulnabi Macki, Minister of National Economy and Deputy Chairman of the Financial Affairs and Energy Resources Council, at the Nurul Iman Palace in Bandar Seri Begawan on Monday.
Business
Investors flee as India ramps up spending
India ramped up spending for this fiscal year to support a fragile economic recovery, spooking stock and bond markets with plans for record borrowing and the biggest budget deficit in 16 years.
World economic leaders urge banks to step up lending
World economic leaders called on commercial banks to step up lending essential to revive a global economy pitched into recession by failure of the world financial system.
KHALEEJ TIMES
Front page
Obama, Medvedev agree to deal to cut nuke weapons
Presidents Barack Obama and Dmitry Medvedev confidently committed to a year-end deal to slash nuclear stockpiles by about a third on Monday, but the US leader failed to crack stubborn Kremlin objections to America's missile defence plans.
Israel’s Barak sees progress in US envoy talks
Israel’s Defence Minister Ehud Barak said on Monday he and US Middle East envoy George Mitchell had made progress in their second session of talks within a week on encouraging regional peace.
Business
Abu Dhabi downtrend persists
The survey found no significant evidence to back recent media speculation about a rebound in the cost of housing in Abu Dhabi.
Non-oil exports up despite downturn
Non-oil exports from companies in Dubai that are based outside the emirate’s free zones increased by 2% in the first half of 2009 compared to the same period last year, in spite of the worldwide economic slowdown, a top government official said on Monday.
ARAB NEWS
Front page
Dialogue must become part of culture: Al-Fayez
Diversity is part of human nature and gaps among different points of views can be mended through dialogue, said Nora Al-Fayez, deputy minister of education, while speaking at the concluding session of the Certified Trainers Forum on Monday.
Kingdom denies deal with Israel
Saudi Arabia on Monday denied a British newspaper report that it had established contacts with Israel and allowed Tel Aviv to use its airspace in the event of airstrikes on Iran’s nuclear facilities.
Business
Kingdom grants steel export licenses
Local steel manufacturers in Saudi Arabia have received licenses to export the metal after a ban was lifted this month, a Ministry of Trade and Industry spokesman said on Monday.
TASI falls to 10-week low
After rebounding on Sunday, the Saudi stock market moved into negative territory on Monday.
ALJAZEERA
Front page
China arrests hundreds after unrest
Chinese authorities have arrested nearly 1,500 people and locked down the capital of Xinjiang province, after the worst unrest in years left more than 150 people dead and at least 800 injured.
Uneasy calm holds in Honduras
An uneasy calm is holding in Honduras a day after clashes between the military-backed authorities and supporters of the ousted president claimed the first death in the wake of last week's coup.
Business
No new updates
THE DAILY STAR
Front page
Riyadh urges independent Lebanese cabinet formation
Saudi officials urged Lebanese political leaders to pursue the process of government formation regardless of regional developments, sources close to the 14 March coalition told The Daily Star on Monday.
Sleiman, Hariri denounce Israeli premier's threat to hit Lebanon
President Michel Sleiman and Prime Minister-designate Saad Hariri slammed on Monday threats made by Israeli Prime Minister Benjamin Netanyahu's against Lebanon and stressed the need for the implementation of United Nations (UN) Resolution 1701, which put an end to the summer 2006 war with Israel.
Business
Facebook likely to rake in billions within five years
Facebook will likely be posting billions of dollars in revenue in five years, up from about $500m this year, according to Silicon Valley entrepreneur Mark Andreessen who sits on Facebook's board.
Lebanon expected to achieve higher economic growth
Lebanon seems to have defied all the negative market sentiments around the world as the country experiences a huge capital inflow, an incredible rise in the number of tourists and a surge in bank deposits just one month after the landmark parliamentary elections.
GULF DAILY NEWS
Front page
Banking visionary award for Premier
Prime Minister Shaikh Khalifa bin Salman Al Khalifa yesterday became the first person to win the Vision Banking Leadership Award.
Sole agency 'to protect maids'
Bahrain should establish a non-governmental manpower body or agency to be the sole recruiter of Indian housemaids, says Indian Ambassador Dr George Joseph.
Business
Etihad in key agreement with airline
Abu Dhabi-based Etihad Airways has signed a memorandum of understanding with Cyprus Airways which will pave the way for a code-share deal.
Steel firms win export licences
Steel companies in Saudi Arabia have received export licences after a ban was lifted this month, a Ministry of Trade and Industry spokesman said yesterday.
ICIS Copyright © Reed Business Information 2009
Author: Staff Reporter+44 20 8652 3214
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