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Markets Slip As Oil Plunges to New Lows QATAR | Page 20 SPORT | Page 1 Kuznetsov makes Nadal INDEX work for DOW JONES QE NYMEX QATAR 2, 20 COMMENT 18, 19 ARAB WORLD 3, 4 BUSINESS 1-12 Nissan helps bring victory 16,486.54 9,767.22 33.32 INTERNATIONAL 5-16 CLASSIFIED 8 -419.97 -303.67 -0.65 ISLAM 17 SPORT 1-8 back Colour Run -2.48% -3.02% -1.91% Latest Figures published in QATAR since 1978 FRIDAY Vol. XXXVI No. 9961 January 8, 2016 Rabia I 28, 1437 AH GULF TIMES www. gulf-times.com 2 Riyals PM meets Turkish official Markets In brief slip as oil REGION | Security Heaviest air strikes yet rock Sanaa Dozens of air strikes hit the Yemeni capital Sanaa yesterday, in what residents described as the heaviest plunges to aerial attacks yet in nine months of war. The strikes pounded the presidential palace and a mountain military base to the south of the city, causing children and teachers in several schools to flee for their lives. HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani met yesterday with the visiting Meanwhile, Yemen’s pro-Abd-Rabbu Undersecretary of Turkish Ministry of Labour and Social Security, Ahmet Erdem, and his accompanying delegation. During new lows Mansour Hadi foreign ministry the meeting, they reviewed bilateral relations between the two countries and ways to develop and promote them, as well as a declared the representative of the number of issues of mutual interest. Page 2 Fears about China’s economy prices by bringing supply into line with UN High Commissioner for Human caused a third day of stock market demand. Rights persona non grata after what falls around the world as tension The decline carried on in North it said were unfair statements. between Saudi Arabia and Iran America following news that US oil pushed oil to its lowest level for a stocks had risen by 10% in the past decade week - the biggest increase since 1993. ARAB WORLD | Confl ict At one point, Brent crude was down al- Syria govt allows aid Guardian News & Media most 6% on the day at levels not seen into starving town Coalition denies bombing London since 2004. Analysts believe the price could tumble below $30 a barrel in the Syria’s government gave permission coming weeks. yesterday for UN aid deliveries to lobal fi nancial markets suff ered “With the lack of a strong upward three besieged towns, including a third day of new year turbu- catalyst on the horizon, we are not out Madaya near Damascus where Iran embassy in Yemen Glence after fresh fears for the of the woods yet [on oil prices],” said residents say people are starving to health of China’s economy and tension Miswin Mahesh, an oil market analyst death. “The UN welcomes today’s Agencies Abdollahian said, quoted by offi cial in severing ties with Tehran as Saudi- between Saudi Arabia and Iran sent the at Barclays Capital , adding: “Non- approval from the government of Riyadh news agency IRNA. Iran tensions grow. price of oil plummeting to its lowest Opec production from the North Sea, Syria to access Madaya, Fuaa and The Iranian accusations came days “Somalia can no longer watch these level in more than a decade. Canada and Brazil is falling, but not Kafraya and is preparing to deliver after Saudi Arabia broke off diplomatic violations by Iran against the sov- US benchmark West Texas Inter- quick enough at a time when demand is humanitarian assistance in the he Saudi-led coalition fi ghting ties with Iran in response to an arson ereignty of Somalia as a nation,” the mediate for February delivery fell 70 weak, partly due to a mild winter in the coming days,” a UN statement said. rebels in Yemen yesterday de- attack on its own embassy in Tehran by ministry’s statement said. cents, or 2.1%, to fi nish $33.27 a bar- northern hemisphere.” It said there were “credible reports Tnied an accusation by Tehran protesters infuriated by Riyadh’s ex- The Iranian embassy’s acting envoy, rel on the New York Stock Exchange. New numbers showed the Chinese of people dying from starvation” in that its warplanes had targeted the ecution of a Shia cleric. Javad Dehghan Lotfabadi, and his team WTI had hit a low of $32.10 in early service sector growing at its lowest Madaya. Page 3 Iranian embassy there. Coalition warplanes and troops should depart from Somalia within 72 European trading, a level last seen in level for 17 months, while a fi fth con- An investigation found that “the have since March been supporting hours, it said. December 2003. secutive month of weaker manufactur- allegations are false and that no op- local forces in Yemen on the side of Pakistan yesterday welcomed Saudi In London, European benchmark ing data led to a 7% fall in equity prices EAST ASIA | Nuclear test erations were carried out around the President Abd-Rabbo Mansour Hadi Arabia’s initiative to form a military Brent North Sea crude oil for February in Shanghai on Monday. The market Push for sanctions embassy or near to it,” a coalition against Iran-backed Houthi rebels and coalition of 34 countries to fi ght “ter- fell 48 cents (1.4%) to $33.75 a barrel. subsequently stabilised after Beijing statement said. their allies who seized large parts of rorism” in the Islamic world. Earlier Brent had fallen to $32.16, its fi rst suspended share dealing and then against North Korea “It also confi rms the embassy build- the country. The gesture came as Saudi Foreign lowest level since April 2004. stepped in to the market to buy stocks. The US, South Korea and Japan are ing is safe and has not been damaged.” Meanwhile, Somalia yesterday cut Minister Adel bin Ahmed al-Jubeir Share prices were also down, with Laura Eaton, analyst at the London- pushing for stronger international Earlier yesterday Iran said it would diplomatic ties with Iran and gave Ira- met with Prime Minister Nawaz Sharif London’s FTSE 100 closing 64 points based consultancy Fathom, said China sanctions on North Korea, the protest to the UN Security Council af- nian embassy staff 72 hours to leave in Islamabad. lower at 6,073 and New York’s Dow was growing at 2.4% a year rather than the three countries said a day after ter it accused Saudi warplanes of de- the country. Riyadh announced the formation Jones industrial average dropping be- 6.9% indicated by offi cial statistics. She Pyongyang announced it had liberately bombing its diplomatic mis- The Foreign Ministry in Mogadishu of the coalition last month signalling low the 17,000 level in early trading. added that the authorities in Beijing were carried out a fourth nuclear test. US sion in the Yemeni capital Sanaa. said in a statement that Iran’s diplo- a more assertive foreign policy by the Oil’s slide began in east Asia, where likely to respond by allowing the currency President Barack Obama and South “During an air raid by Saudi Arabia mats committed violations against kingdom. Beijing’s decision to allow its currency, to weaken further in order to boost ex- Korean President Park Geun-Hye against Sanaa, a rocket fell near our Somalia by meddling in internal aff airs The regional Sunni power said the the yuan, to weaken prompted con- ports, and by reducing interest rates from agreed to co-operate on a new UN embassy and unfortunately one of and playing a negative role in stability, alliance would share intelligence, cerns in fi nancial markets that China’s 4.35% to zero by the end of 2017. resolution for strong sanctions, our guards was seriously wounded,” security and unity. combat violent ideology and deploy economy is performing much less “China has a longstanding problem the president’s off ice in Seoul said. Deputy Foreign Minister Hossein Amir Somalia joined Sudan and Djibouti troops if necessary. Page 14 strongly than suggested by offi cial sta- of non-performing loans and while Obama also spoke with Japanese tistics. policy stimulus may stall the slow- Prime Minister Shinzo Abe. Page 8 The selling then continued in Europe down in growth, it is not going to solve as dealers calculated that the tension the country’s long-term problems”, between two of the world’s biggest oil Eaton said. She estimated that unem- SPORT | Football producers - Saudi Arabia and Iran - ployment, offi cially 4%, was currently Platini withdraws bid Iran N-deal implementation ‘days away’ would prevent Opec from agreeing on 7% and likely to rise to 11%. Business for FIFA presidency production cuts that might stabilise Pages 5, 7 & 12 Suspended UEFA chief Michel Platini would be ready to begin lifting its nu- plementation, if all goes well.” AFP Saudi plunge leads Gulf markets down yesterday withdrew from the race Washington clear-related sanctions against Tehran. Kerry said Iran had shipped its stock to become FIFA president, telling “The foreign minister made it clear of low-enriched uranium to Russia L’Equipe that he will concentrate on to me they intend to complete obliga- and that additional steps Iran was tak- Gulf stock markets fell sharply led the 20-stock Qatar Index to plummet clearing his name instead. “I will not S Secretary of State John Kerry tions with respect to implementation ing would leave it at least a year from yesterday amid a fresh slide of oil. The 3.02% to 9,767.22 points. present myself for the presidency said yesterday implementation day as rapidly as possible,” Kerry said.
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