Iraq Sun
IraqSun.com Sunday 1st August 2010 Issue 213/8
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Obama asks Abbas to enter direct talks
US President Barack Obama has warned the Palestinian government of Mahmoud Abbas that 'there will be consequences' if he declines to open direct talks with Israel, Arab media reported...


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United Arab Emirates to suspend BlackBerry messaging and web services amid legal dispute
DUBAI, United Arab Emirates - The United Arab Emirates says it plans to block some messaging and web services on BlackBerry smart phones beginning in October. The country's telecommunications...
Arab Mass Media: Syrian-Saudi-Lebanese Summit Bolsters Unity, Security and Stability of Lebanon
– The Syrian-Saudi-Lebanese summit received considerable attention by Arab mass media, describing it as a historical summit and focusing on its closing...
National Bank of Egypt bond sale said fully covered
- A $600 million sale of bonds by Egypt's state-owned National Bank of Egypt (NBE) has been fully covered, a source with knowledge of the deal said. The 5-year dollar-denominated bonds with a yield...
Arab Bank contests US judge's sanctions ruling
filed a motion last week for reconsideration of a recent ruling by a US judge in which the bank was sanctioned for allegedly failing to turn over requested documents proving it had no links to...
Arab shares close week higher on global market gains
Arab stock markets rallied this week, drawing momentum from global market gains, better world recovery outlook and stable oil prices, financial analysts said yesterday.They expected Arab markets to...
Arab leaders committed to Lebanon unity, UAE paper
Aug 1, 2010 - 09:42 - WAM Abu Dhabi, August 1st, 2010 (WAM) -- Lebanon's future was at the centre of a very senior meeting among regional players. That King Abdullah Bin Abdul Aziz of Saudi Arabia...
Canada jails Iran nuclear suspect
The 37-year-old, who was born in Iran but is now a Canadian citizen, was sentenced to four years and three months in jail. Prosecutors had hoped for a six-and-a-half-year...
Israel researchers develop 'sniff controlled' wheelchair
Noam Sobel, professor of neurobiology at the Weizmann Institute of Science in Rehovot, Israel, said his team was able to build a "sniff controller" by taking advantage of the fact that soft...
Lethal attack on Gaza
An Israeli air strike has killed a Hamas commander and rocket maker in the Gaza Strip, the group said. Issa Batran was killed by a missile that hit his caravan in the central Gaza Strip, Hamas said...
Obama hikes up pressure
US President Barack Obama has told Iran to immediately release three Americans who have been detained for a year after straying across the border while hiking in the mountains of northern Iraq. In a...
Scores hurt in strong quake
A 5.7-magnitude earthquake hit the north east of the country, injuring around 170 people, state radio said. The tremor hit the city of Torbat-e Heydariyeh, about 700km east of Tehran, with the...
Faith and Power: Religion and Politics in the Middle East, By Bernard Lewis
There are few 94-year-olds whose work remains as controversial as that of Bernard Lewis. The Stoke Newington-born academic, long resident in the US and currently rejoicing in the title of Emeritus...
Ex-militia chief blames US for Iraq govt delays
Hadi Al-Amiri, a parliamentarian who heads the Badr Organization, the former armed wing of the Supreme Islamic Iraqi Council's (ISCI), said the United States was pressuring Iraqi leaders to form a...
2 strong earthquakes hit Iran, injuring hundreds
TEHRAN: Two strong earthquakes shook different parts of Iran in less than 24 hours, injuring more than 200 people and damaging hundreds of homes, Iranian media reported...
Sudan slams UN/AU force, sets travel controls
KHARTOUM: Sudan said on Saturday it would monitor travel by UN/African Union peacekeepers in Darfur — a day after the UN Security Council extended the force's mandate and told Khartoum to stop...
Soft launch for Saher in Jeddah, Madinah and Makkah
JEDDAH: The soft launch of the Saher Traffic Monitoring System will start in Makkah, Madinah and Jeddah on Sunday to test the system before it begins ticketing drivers in...
Qatar emir tours south Lebanon
BEIRUT: The ruler of Qatar on Saturday toured south Lebanese border towns that his energy-rich Gulf country helped rebuild after the 2006 Israeli bombardment, marking the first such trip by a...
Traditional dance takes center stage at Abha fest
ABHA: A 30-year-old woman home science teacher enthralled some 700 women with a spectacular dance that fused traditional Arabic dance forms with more modern types in Abha during the...
Italian group says executions on the rise in Iraq
ROME: Iraq is now among the world's top executioners for the first time since the 2003 fall of Saddam Hussein, an Italian anti-death penalty group said Saturday, reporting that the number of the...
4 killed, 11 wounded in bombing south of Baghdad
The blast took place on Saturday near the municipal offices in Rashid district just south of the Iraqi capital, as soldiers were responding to an earlier explosion in the same area.Police and...
Qatar emir visits Lebanon
- Qatar's emir on Saturday made a high-profile visit to south Lebanon, a Hizbollah stronghold destroyed in a 2006 war with Israel and whose rebuilding the emirate is helping finance. "Lebanon is...
IIRO-Saudi Arabia gains membership in UN body
JEDDAH: The International Islamic Relief Organization-Saudi Arabia (IIROSA) made a remarkable achievement by obtaining membership in the United Nation’s Department of Public Information...
Syria, Saudi Arabia Brace For Strife In Lebanon
July 31, 2010 The leaders of Syria and Saudi Arabia wrapped up a visit to Lebanon Friday, seeking to cool tensions over an imminent move to indict members of a Shiite militia for the 2005...
Autographed Dairy Queen spoon fetches $4,500
New York: Warren Buffett, the billionaire investor who's pledged to donate his fortune to worthy causes, helped raise $4,500 (Dh16,525) for charity with the sale of an oversized Dairy Queen ice-cream...
Amazing potential in new hubs
Dubai: I recently visited Egypt, Brunei and Sri Lanka and want to share some observations on Islamic finance and the halal industry from those countries. There is genuine demand for "real"...
Resistance to rally building up
Mumbai: There are signs of resistance building up to a stock rally in India after some disappointing quarterly earnings and a hawkish stance by the central bank, which last week raised interest rates...
Saudi banks book loan losses
A Jeddah branch of the Saudi American Bank (Samba), one of the few Saudi banks that at the end of 2009 booked provisions higher than their non-performing...
Emcor wins mosque upkeep deal
Dubai : Musanada, the Abu Dhabi General Services company established by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan in 2007 to support the emirate's public sector institutions, said it...
Dubal gives students hands-on training
Dubai: For 40 UAE national students enrolled at secondary and tertiary educational institutes across the country, this summer has been a period of continued learning and personal development. The...
Kanoo to partner with STA
Dubai: Kanoo Travel announced that it is partnering with STA Travel in Bahrain, Oman, Qatar, Saudi Arabia and the UAE to capitalise on the expanding student and youth travel market in the region. ...
UAE attends meeting in preparation for PP10
Abu Dhabi: A UAE delegation chaired by the Telecommunications Regulatory Authority (TRA) participated in the second Arab meeting held in Damascus to prepare for the coming Plenipotentiary Conference...
DSS's Kids Fashion Week starts today
Dubai : Kids Fashion Week begins today at Deira City Centre. It is a signature event of Dubai Summer Surprises (DSS) that brings some of the renowned names in children's fashion to the ramp at Deira...
Al Ansari eyes Egypt market with NBE link
Dubai: Al Ansari Exchange, a Dubai-based provider of money remittances and foreign currency exchange services, has signed a strategic partnership with the National Bank of Egypt (NBE), the oldest and...
UAE tops Gulf construction market
The Etihad Towers under construction in Abu Dhabi. Hani Al Hameli, Secretary General of the Dubai Economic Council, says there are encouraging signs of a...
BP to start well kill on Tuesday
The Transocean Development Driller III drills the primary relief well as the Helix Energy Solutions Q4000 platform (left) gets set for the 'static kill' operation at BP's well site in the Gulf of...
ICICI profit rises on lower provisions
Mumbai : ICICI Bank, India's second-biggest lender, said first-quarter profit rose 17 per cent, as it cut provisions for bad loans and increased fee income from distributing mutual funds and...
Seroquel terms to be kept secret
Wilmington : AstraZeneca, which tentatively settled almost 4,000 product-liability cases last month involving its antipsychotic drug Seroquel through mediation, said it will keep terms of the...
India's largest IT park in Kerala marks second decade
Dubai : Thiruvananthapuram-based Technopark, the largest IT Park in India with 4.5 million square feet of built-up area, has successfully completed 20 years of operations in Kerala. The Kerala...
Tough decisions paying off - Obama
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Realty projects remain on track
Under pressure Residential compound rents have dipped about 10 per cent, and apartments in completed towers at the Pearl have fallen by more than a third to about 12,000 Qatari riyals (Dh12,000) per...
Qatar hotel occupancy rises despite recession
The general rate of price declines in Doha is hard to gauge due to a lack of sales volumes, but rents at top-tier office towers in the New District have fallen by about 25 per cent since their peak...
Multi-billion mergers back on track
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Hong Kong billionaire makes big buyout in UK
A consortium led by Hong Kong businessman Li Ka-shing has made a $9-billion offer to take over the British power distribution network of French electricity giant...
On her majesty's shrinking service
Soak up spending But comments that Theresa May, the home secretary, had "no confidence" in Raytheon struck at the heart of contractors who have been soaking up public spending for years. ...
August may be month of volatility
London : Send an email to a fund manager at the moment and the chances are high you will get a bounced reply telling you that he/she is out of the office. Today marks the start of August, a period...
DIFC rentals come under pressure
Dubai Office rental rates in DIFC (Dubai International Financial Centre) had so far remained mostly insulated from the declines witnessed elsewhere in...
Keeping the La Hoya Bay dream alive
It was conceived as one of the main elements in Ras Al Khaimah's dream real estate development, its first man-made island. So, when La Hoya Bay on Al Marjan Island figured in the list of projects...
Taking the arbitration route
Parties can choose to adopt their own procedure of arbitration or can engage in arbitration under the supervision and rules of one of the dedicated centres such as the Dubai International Arbitration...
Lebanon: UN envoy welcomes visit by leaders of Saudi Arabia and Syria
With the visit to Lebanon by the leaders of Saudi Arabia and Syria, today could perhaps be a "historic day" for the Middle Eastern country, helping to consolidate stability, a senior United Nations...