http://www.webremixed.info/ Aggregation of tags: business Webremixer http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98846 Oil prices rose back above $47 on Monday as the Israeli-Palestinian conflict raged on and major crude producer Iran said the Organization of Petroleum Exporting Countries (OPEC) would hold a special meeting next month. Brent North Sea crude for delivery in February climbed $0.70 to $47.61 a barrel in afternoon. Tue, 06 Jan 2009 00:17:12 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98846 2009-01-06T00:17:12Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98824 Dubai's rapid expansion in recent years provided jobs for millions. But the global financial meltdown has abruptly ended the dream for many people as more and more firms sack staff to cut costs. Spectacular economic growth, spurred by a robust construction sector, lured people from far and wide to the booming city on the shores of the Gulf. Mon, 05 Jan 2009 00:06:41 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98824 2009-01-05T00:06:41Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98796 Crude oil prices rebounded strongly on Friday in volatile trade, after earlier losing about $2.5 on profit-taking, as traders fretted over ongoing unrest in the key oil-producing Middle East. New York's main contract, light sweet crude for delivery in February, jumped $1.45 to $46.05 a barrel, after spiking $5.57 Wednesday on the New York Mercantile Exchange. Sat, 03 Jan 2009 00:07:42 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98796 2009-01-03T00:07:42Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98795 Iraq's dilapidated transport infrastructure is on the road to recovery after decades of neglect, but funding is inadequate and the new transport minister is seeking investors from abroad. Factionalism and corruption was rife when Amer Abdel-Jabbar Ismail took the helm at a government department considered to be one of the most dysfunctional. Fri, 02 Jan 2009 23:52:42 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98795 2009-01-02T23:52:42Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98745 Iranian President Mahmoud Ahmadinejad submitted a bill to Parliament on Tuesday that would abolish costly subsidies on fuel and electricity but compensate people with cash payments. Parliament has yet to debate the bill but some MPs have warned it could stoke inflation, which is already running close to 30 percent, and hurt industries dependent on cheap energy. Wed, 31 Dec 2008 00:15:35 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98745 2008-12-31T00:15:35Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98744 Oil-rich Gulf monarchies agreed on Tuesday on the final draft of an accord on a monetary union which they intend to launch next year, an official statement said. Five members of the six-nation Gulf Cooperation Council have "adopted the monetary union accord, which includes the legal and organizational framework," said. Wed, 31 Dec 2008 00:00:35 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98744 2008-12-31T00:00:35Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98743 Oil futures dropped back below $40 a barrel on Tuesday as the market focused once more on weak energy demand after hefty price gains a day earlier amid Israel's deadly bombardment of the Gaza Strip. Brent North Sea crude for delivery in February fell $1.10 to $39.45 a barrel in afternoon trade on London's InterContinental Exchange. Tue, 30 Dec 2008 23:45:35 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98743 2008-12-30T23:45:35Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98722 Oil prices, which hit record highs above $147 a barrel this year before plunging under $33, risk slumping more in 2009 as recession curbs the world's appetite for energy, analysts say. "We expect oil prices in early 2009 to remain under pressure given the weakening demand outlook and as global economies continue to slow," said Nimit Khamar. Mon, 29 Dec 2008 00:11:32 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98722 2008-12-29T00:11:32Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98721 Gulf leaders meeting in Muscat on Monday will discuss how to use the money in their bulging treasure chests to shore up their countries' struggling economies in the face of the global economic crisis. The oil-rich nations can afford to splash money around after oil prices hit record levels this year, and leaders will try to agree. Sun, 28 Dec 2008 23:56:32 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98721 2008-12-28T23:56:32Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98716 Stock markets in the Gulf states fell sharply in the week to Thursday as the impact of the global economic crisis and the slide in oil prices took a further toll on the region. The two UAE markets and the tiny Omani bourse led the slide, while the markets of Saudi Arabia and Kuwait, the biggest and second largest bourses in the Arab world. Sat, 27 Dec 2008 00:06:12 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98716 2008-12-27T00:06:12Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98715 Up to 45 percent of the construction workforce in the United Arab Emirates could be laid off, with thousands already having lost their jobs due to the global financial crisis, a report said Wednesday. The Khaleej Times newspaper quoted Khalfan al-Kaabi, a member of the board of directors at the Abu Dhabi Chamber of Commerce, as saying that the job. Fri, 26 Dec 2008 23:51:12 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98715 2008-12-26T23:51:12Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98681 Gas exporting states on Tuesday finalized the creation of a new Qatar-based forum aimed at coordinating policy that consumer countries fear could become the gas equivalent of oil cartel OPEC. Russian Prime Minister Vladimir Putin warned at the meeting of ministers from the Gas Exporting Countries Forum (GECF) in Moscow. Wed, 24 Dec 2008 00:16:11 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98681 2008-12-24T00:16:11Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98632 Kuwait on Monday refused to scrap a venture with US giant Dow Chemical despite opposition MPs' contention that the country is overpaying by agreeing to invest $7.5 billion in the mega-project. "The deal has passed through proper channels after thorough studies ... We are going ahead with the deal based on the signed agreement." Tue, 23 Dec 2008 00:17:03 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98632 2008-12-23T00:17:03Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98597 Santa beware! Activists in Germany are waging an international campaign to do away with old Father Christmas and say they are gaining ground thanks to the global economic meltdown. Armed with child-friendly stickers, web-savvy promoters and chocolate figurines, the "Santa-Free Zone" movement says. Mon, 22 Dec 2008 00:12:07 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98597 2008-12-22T00:12:07Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98594 The price of oil sank under $34 per barrel in New York on Friday for the first time for more than four-and-a-half years, as weak global demand overshadowed a record output cut by producers, traders said. The fresh falls prompted Organization the Petroleum Exporting Countries (OPEC) president Chakib Khelil to warn that the cartel. Sat, 20 Dec 2008 00:24:04 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98594 2008-12-20T00:24:04Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98544 A decision by the OPEC oil producers' cartel to slash its daily output by a record 2.2 million barrels should be enough to hold crude prices up at about current levels, analysts said. The cuts "will help to establish a floor for prices, but a rebound up to the price level OPEC is aiming to achieve - $70-$80 - will be some time in coming," said Simon Wardell. Fri, 19 Dec 2008 00:10:20 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98544 2008-12-19T00:10:20Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98540 Organization of Petroleum Exporting Countries (OPEC) ministers on Wednesday approved a record output cut of 2.2 million barrels a day and looked to non-member producers Russia and Azerbaijan to make reductions of their own. Combined with the cuts Russia and Azerbaijan said they were prepared to implement. Thu, 18 Dec 2008 00:11:11 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98540 2008-12-18T00:11:11Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98482 Kuwait's oil industry, the lifeline of the small Gulf state, is in peril due to political bickering and interference that have stalled mega projects. Three major projects costing some $40 billion have been put on hold because of stiff opposition from Parliament, while the emirate's plans to raise oil output capacity is way behind schedule. Wed, 17 Dec 2008 06:13:59 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98482 2008-12-17T06:13:59Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98481 The Organization of the Petroleum Exporting Countries (OPEC) headed Tuesday for an expected sharp cut in oil output in a bold bid to prop up prices at a time of crumbling demand and rising crude stocks in a recession-strapped global economy. Libyan OPEC representative Shukri Ghanem, arriving here for a much-awaited OPEC. Wed, 17 Dec 2008 05:58:59 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98481 2008-12-17T05:58:59Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98452 The Organization of the Petroleum Exporting Countries' (OPEC) secretary general said on Monday that an over-supplied oil market needed a hefty output cut, sending crude prices surging on world markets. OPEC's president meanwhile also said here that there was unanimous support in the organization for a cutback. Tue, 16 Dec 2008 00:16:29 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98452 2008-12-16T00:16:29Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98451 Top world financial groups revealed Monday massive potential losses from an alleged scam run by Wall Street trader Bernard Madoff, admitting they were fooled by a classic pyramid investment fraud. British, French, Japanese and Spanish banks and funds said investments totallingbillions of dollars could be wiped off their balance sheets. Tue, 16 Dec 2008 00:01:29 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98451 2008-12-16T00:01:29Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98425 Standing anxiously before a seemingly inexorable collapse in crude prices, the increasingly worried members of the the Organization of Petroleum Exporting Countries (OPEC) are looking for new allies outside their club. Pleas for help have gone out to fellow crude exporters Russia, Mexico and Norway but. Mon, 15 Dec 2008 00:12:57 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98425 2008-12-15T00:12:57Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98424 The wealth of the richest Arabs plunged in 2008, with Prince Alwaleed bin Talal, the richest of all, seeing his investments shrivel nearly 20 percent, according to a list published in Dubai on Sunday. The Saudi prince's wealth has shrunk by $4 billion to $17.08 billion under the impact of this year's global financial turmoil. Sun, 14 Dec 2008 23:57:57 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98424 2008-12-14T23:57:57Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98422 Global stock markets tumbled on Friday as fears mounted of a collapse of the "Big Three" US automakers after the US Senate refused to throw them a financial lifeline, traders said. Share prices plunged in Asia, Europe and the United States as the White House sought ways to save the auto industry after the Senate failed. Sat, 13 Dec 2008 00:16:34 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98422 2008-12-13T00:16:34Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98391 Iraqi Finance Minister Baqer Jabr Solagh said on Friday that he will make more cuts in budget spending plans for 2009 because of further falls in the price of oil, the country's main source of revenue. "In recent days we have seen a surprise and significant fall in crude oil export prices and the ministry is attentively watching market rates," the minister said in a statement. Sat, 13 Dec 2008 00:01:34 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98391 2008-12-13T00:01:34Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98390 Hopes that a long-delayed WTO global free-trade deal could be clinched this month were dashed Friday, dealing a blow for supporters who had claimed an agreement would boost the world economy. World Trade Organization head Pascal Lamy scrapped plans to hold a ministerial meeting citing the "unacceptably high" risk of failure. Fri, 12 Dec 2008 23:46:34 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98390 2008-12-12T23:46:34Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98358 US aerospace giant Boeing said Thursday it was further delaying the launch of its 787 "Dreamliner" because of disruptions from a machinists strike and production problems. Boeing moved the first flight of the commercial plane into the second quarter of 2009 and the first delivery into the first quarter of 2010. Fri, 12 Dec 2008 00:21:22 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98358 2008-12-12T00:21:22Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98300 The price of air tickets should start coming down soon due to the world financial crisis, experts are predicting, while ruling out a plunge that would endanger the health of airlines. "If you keep prices too high you're going to lose more passengers," said Geoff van Klaveren, of Exane BNP Paribas, against a background of both companies. Mon, 08 Dec 2008 00:12:12 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98300 2008-12-08T00:12:12Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98177 Saudi Arabia plans to set minimum wage guidelines for Saudi nationals, but not for the millions of foreign workers in the Gulf oil powerhouse, the Labor Ministry said on Tuesday. A ministry spokesman said a plan was in the works to set minimum wage targets for Saudis such as teachers or store cashiers as a part of a program. Thu, 04 Dec 2008 00:18:58 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98177 2008-12-04T00:18:58Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98147 Countries should set aside 1 to 2 percent of their gross domestic product (GDP) for rescue plans to prevent the world economy from shrinking even more next year, a senior UN official told . Rob Vos, director of the UN Development Policy and Analysis Division and lead author of a UN study, "World Economic Situation and Prospects 2009," published on Monday, said. Tue, 02 Dec 2008 00:14:59 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98147 2008-12-02T00:14:59Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98146 The Organization of Petroleum Exporting Countries (OPEC) will decide on a "major" output cut next month if the oil market is deemed to be deteriorating, the cartel's secretary general said on Monday. "If we see the market is deteriorating we will make a major action in Algeria and anywhere if necessary," Abdalla Salem al-Badri told reporters in Iran. Mon, 01 Dec 2008 23:59:59 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98146 2008-12-01T23:59:59Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98117 The Organization of the Petroleum Exporting Countries (OPEC), suffering from plummeting oil prices, faces further pain next year as a worldwide recession dampens demand for crude even more, analysts believe. "OPEC is dealing with tough circumstances, the toughest in 10 if not 30 years," Raad AlKadiri of PFC Energy told Mon, 01 Dec 2008 00:10:57 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98117 2008-12-01T00:10:57Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98116 The Saudi stock market, the largest in the Arab world, slid more than 2 percent on Sunday, just a day after registering its largest gain this year. Saudi's Tadawul All-Shares Index went against the trend in other oil-rich Gulf states closing down 2.21 percent at 4,738.14 points as the leading energy sector shed 5.5 percent while banks dropped 3.0 percent. Sun, 30 Nov 2008 23:55:57 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98116 2008-11-30T23:55:57Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98115 The Dubai property giant behind such grandiose projects as a 1-kilometer-high tower and artificial palm-shaped islands said on Sunday it has fired 500 staff as the global economic crisis begins to bite in the oil-rich Gulf. Government-controlled developer Nakheel, one of the biggest employers in the booming desert city-state, also said. Sun, 30 Nov 2008 23:40:57 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98115 2008-11-30T23:40:57Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98080 The world oil market is over-supplied with inventories at their highest in five years, OPEC officials and ministers said on Friday, but a decision to cut output will likely be delayed until December. OPEC Secretary General Abdalla Salem El-Badri said ahead of a consultative meeting of the Organization of Petroleum Exporting Countries in Cairo on Saturday. Sat, 29 Nov 2008 00:11:49 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98080 2008-11-29T00:11:49Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98079 EU Commission chief Jose Manuel Barroso called in Doha on Friday for a "human rescue" plan alongside financial rescue packages, as aid agencies rapped most other major world leaders for staying away from a UN summit on aid. Barroso, who unveiled on Wednesday a 200-billion-euro ($254 billion) stimulus package. Fri, 28 Nov 2008 23:56:49 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=98079 2008-11-28T23:56:49Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97980 Saudi Finance Minister Ibrahim al-Assaf on Tuesday ruled out an "exceptional" bailout by oil-rich Gulf states of Western countries caught up in the turmoil of the global financial crisis. The Gulf Cooperation Council (GCC) states, grouping Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Wed, 26 Nov 2008 00:03:56 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97980 2008-11-26T00:03:56Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97979 Most Gulf stock markets closed higher on Tuesday, buoyed by a global rally on the back of stimulus packages and rescue plans, but profit-taking took them off their maximums for the day. Even the market in Kuwait, whose government resigned on Tuesday, posted a slight gain. The Dubai Financial Market closed up 2.6 percent at 1,862.37 points. Tue, 25 Nov 2008 23:48:56 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97979 2008-11-25T23:48:56Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97950 The World Trade Organization (WTO) may hold a ministerial meeting on the Doha round next month in a bid to conclude the long-frustrated talks, an official said Sunday. "It seems highly likely that a meeting will take place," said a source close to the WTO, following talks between representatives from 30 WTO member states. Tue, 25 Nov 2008 00:03:10 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97950 2008-11-25T00:03:10Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97949 The International Monetary Fund (IMF) has offered Turkey $19 billion (15 billion euros) in credit despite the government's push for a larger loan, the Zaman newspaper reported on Monday. Turkish officials have declined to reveal the amount Ankara is seeking, but Zaman said the government had been aiming at a loan. Mon, 24 Nov 2008 23:48:10 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97949 2008-11-24T23:48:10Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97916 Most stock markets in the energy-rich Gulf slumped on the week's opener Sunday as intervention by governments failed to restore sentiment among investors worried by global financial turmoil. Riyadh cut interest rates for the third time in six weeks, slashing the repo rate by one percentage point a day after the Saudi bourse. Mon, 24 Nov 2008 00:12:02 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97916 2008-11-24T00:12:02Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97888 Shrugging off the global financial crisis, Dubai overnight toasted a new luxury hotel with a $20 million bash attended by film stars and sporting greats and marked by a spectacular fireworks display. More than 2,000 world celebrities were invited to the event, which began Thursday night and continued into Friday. Sat, 22 Nov 2008 00:23:05 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97888 2008-11-22T00:23:05Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97887 United Arab Emirates (UAE) Central bank governor Sultan Nasser al-Suweidi said the region has no intention of unpegging its currency from the US dollar despite the latter's appreciation in value recently. Speaking to Reuters on the sidelines of a banking congress in Frankfurt, he said: "We were criticized for staying with the dollar when it was weak. Sat, 22 Nov 2008 00:08:05 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97887 2008-11-22T00:08:05Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97886 Oil prices rose back above $50 a barrel on Friday as dealers sought bargain crude after the commodity struck the lowest levels for almost four years below the key psychological mark. Light sweet crude for delivery in January gained $0.59 to reach $50.01 a barrel on the New York Mercantile Exchange (NYMEX). Fri, 21 Nov 2008 23:53:05 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97886 2008-11-21T23:53:05Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97854 Gulf stock markets closed the last day of the trading week Thursday mixed but Kuwaiti shares continued their recovery on the back of a government rescue plan. Trading in the week was mostly quiet with a much lower turnover than previous weeks as many investors shunned the markets in panic of facing more losses, traders said. Fri, 21 Nov 2008 00:04:17 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97854 2008-11-21T00:04:17Z http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97836 Israeli Finance Minister Roni Bar-On unveiled on Wednesday a multi-billion dollar economic stimulus package aimed at reducing the impact of the global financial crisis on the Jewish state . "We will invest 21.7 billion shekels ($5.4 billion) in 2009, or 41 percent more than the previous year, to promote the creation of thousands of jobs," the minister said. Thu, 20 Nov 2008 00:04:21 GMT http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=97836 2008-11-20T00:04:21Z