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Dollar is Here to Stay
THE dollar is here to stay, at least as far as pricing in oil markets is concerned. Certain countries _ including Iran, France and Russia _ have periodically floated the idea of transforming the markets by settling crude oil transactions in currencies other than the dollar. But each time the notion is raised, it has been quickly dismissed on technical and economic grounds. And that remains the case today, more than ever. ''It's a red herring,'' said Leo Drollas, chief economist at the Center for Global Energy Studies in London. "The idea should be put back in its box for a while, especially with all the turmoil surrounding the euro.'' Various reasons have been cited for the calls to shift away from the dollar, which remains the world's reserve unit.
'THINK DIFFERENT' WAS JOBS' CREDO
WHEN Steve Jobs died on October 5, many commentators wondered whether Apple _ the company he cofounded and led through many years of profit and innovation _ could continue to thrive without him. After struggling with cancer, Jobs stepped down from his post as Apple's CEO in August, yet his impact on the company remained profound. After all, Apple's innovations _ from the personal computer to the iPod to the iPhone _ changed the way the world communicates and plays. Following Jobs' death at the age of 56, many argued that Apple's future was now in doubt.
Al Watan - Arabic Newspaper
Jamila - Monthly Women Magazine
Nation Business Sports Chill Out
Omanis to vote for consultative council today

AFP MUSCAT OMANIS will vote on Saturday to elect the powerless Majlis Al Shura consultative council, which Sultan Qaboos bin Said pledged to vest with some authorities in response to unprecedented social unrest. Some 518,000 eligible voters out of about two million Omanis have been called to take part in the polls in which 1,133 candidates, including 77 women, are competing for fouryear terms in the 84-seat council. But the eligible voters, who are required to register to be able to cast their ballots, have shown little interest in the election, according to the head of the electoral commission, Mohammed al Busaidi. The lack of interest can be attributed to the “delay in announcing (new) authorities,” said Shukur al Ghumari of the all-appointed Council of State, the 57- seat upper chamber that forms along with the Majlis the Council of Oman. Oman’s Sultan Qaboos bin Said in March ordered a study to extend the council’s powers to be completed in 30 days, but nothing has been announced since. “The government should have announced the powers (of the Majlis) before the Saturday elections,” said Ghumari. Watchdogs have not been invited to monitor the elections which will be covered by local and international media as well as civil society organisations, Busaidi said. The council, which was created in 1991, has the authority to question ministers and advises the government on socio-economic issues but has no legislative power or role in defence, internal security or foreign policy. Political parties remain banned. The normally peaceful sultanate was caught up earlier this year in the protests sweeping the Arab world, with demonstrators taking to the streets in late February to demand improved living conditions. At the start of March, Sultan Qaboos bin Said announced a cabinet reshuffle and the creation of 50,000 jobs. Demonstrators insisted their protests were aimed at “corrupt” officials and not at Qaboos.

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Egypt to review disputed permits for churches
Iran’s Press TV faces ban in UK

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