News: 12-Feb-10

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  1. Iranian People Hold National Day Rallies
    Millions of Iranian People, from all strata, took to streets in Tehran and all over Iran on Thursday morning, marking and celebrating the auspicious occasion of the 31st anniversary of victory of the Islamic Revolution.
  2. Massive NPL Provisions Drag Emirates NBD Profits
    DUBAI — Dubai-listed Emirates NBD, the Middle East’s largest bank by assets, declared a 9 per cent fall in its net profit for the year 2009 due to hefty provisioning of non-performing loans.
  3. Total eyes more investment in Iran
    The chief executive of French oil giant Total has highlighted Iran’s key role in the world natural gas market, saying that the company is determined to keep investing in Iran.
  4. Bahraini UGB Postpones Bond Due Market Conditions-Sources
    LONDON, (Reuters) – Bahrain-based United Gulf Bank has postponed a planned bond sale due to market conditions, sources said, becoming the latest in a string of emerging corporates forced to put debt-raising plans on hold.
  5. Dubai World seeks $22 Bln Debt Freeze this Month – Report
    DUBAI, (Reuters) – State-linked indebted conglomerate Dubai World intends to officially ask creditors for a standstill on $22 billion in debt this month, until it completes restructuring, an Arabic-language daily said on Wednesday.
  6. Gunman kills Shia cleric outside Baghdad mosque
    An unidentified armed man has opened fire on a cleric outside a mosque in a Shia neighborhood of Baghdad, killing him on the spot.
  7. Pakistan: 2 suicide blasts aimed at police kill 15
    PESHAWAR, Pakistan – Two suicide bombers struck outside a police complex in northwestern Pakistan, killing 15 people and underscoring the relentless militant threat despite army operations and U.S. missile strikes against al-Qaida and the Taliban.

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