GulfWire Digest
A family of e-newsletters from the National Council on U.S.-Arab 
Relations & the U.S.-GCC Corporate Cooperation Committee

Newsletter #239                                                                                    Week of March 8-14, 2004

ABOUT GULFWIRE

GulfWire is a public service of the National Council on U.S.-Arab Relations and the U.S.-GCC Corporate Cooperation Committee

Publisher
Dr. John Duke Anthony
Editor-in-Chief
Patrick W. Ryan
Deputy Editor
Connie R. Trisdale
Editorial Assistant
Margaret Philpot
Research Assistant
B. F. Hammock

GulfWire@ArabiaLink.com

National Council on U.S.-Arab Relations
President and CEO: Dr. John Duke Anthony
U.S.-GCC Corporate Cooperation Committee
Secretary: Dr. John Duke Anthony
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Suite 503
Washington, DC 20036
Tel: 202.293.6466
Fax: 202.293.7770

The GulfWire family of e-newsletters and web site are developed, produced and maintained by 
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GulfWire Links
The GulfWire Links that appear at the end of Digest reports transport you to related GulfWire Digest reports available through the GulfWire On-Line Archive --  access to thousands of archived reports published in GulfWire every week since 1999. They provide the background and context you need to understand current developments.

Independent commentary provided in 'GulfWire' and materials contained in the linked Internet sites do not necessarily reflect the views of the National Council on U.S.-Arab Relations or the U.S.-GCC Corporate Cooperation Committee.  News extracts and links contained in GulfWire have been reported in various media.  GulfWire and the National Council on U.S.-Arab Relations/U.S.-GCC Corporate Cooperation Committee have not independently verified the accounts referred to and do not vouch for their accuracy or the reliability of Internet links. Internet links were active the day of publication in GulfWire.

VISIT THESE SITES

Link to Amazon


Catalog of Publications 
from the Emirates Center for Strategic Studies and Research
[more]
on ArabiaLink.com

 

HAVE YOU READ THESE ?

> The Gulf Cooperation Council: Strengths
by John Duke Anthony
>

Undercurrents of Change in Bahrain? By Gerald Butt

> The Gulf Cooperation Council: Constraints  
By John Duke Anthony
> At a Crossroads:  American Policy and the Middle East By Mary E. Morris
> Regional Development in the Middle East - Dr. Marwan Muasher
> The Pace of Change
Dr. Shafeeq Ghabra Interview
>

GCC Heads of State Summits:  Context and Perspective By John Duke Anthony

> Developments in Iraq at the End of 2003:  Adapting U.S. Policy to Stay the Course By Anthony H. Cordesman
> Saudi Arabia Accountability Act
> Of Virtue and Vice: The Saudi-
American Fight Against Terror Financing
by Tanya Hsu and Grant F. Smith
> Thomas Lippman - "Inside The Mirage" -- US-Saudi Relations -- SAIS Panel
> Understanding US-Saudi Relations: Challenging Stereotypes - Amb. Chas Freeman at SAIS
> The Arab Peace Initiative
By Shafeeq Ghabra
> State's Armitage Applauds Saudi Arabia's  Anti-Terrorism Efforts
> Scapegoating Saudi Arabia for 9/11
by Ahmad Faruqui
> Security in Saudi Arabia and the Prospects for Political Reform by Khaled al-Maeena
> A Different View: A Young Saudi Woman Talks About Society and Culture - An Interview with Sahar al Husseini
> A Change in the Kingdom
By William Tracy
> Riyadh: Rooting Out Al Qaeda 
by Edward S. Walker and Wyche Fowler
> Interview: Ambassador
Chas W. Freeman - 
A Relationship in Transition
> The United States Must Not Neglect Saudi Arabian Investment  By Tanya C. Hsu
> Saudi-American Forum Interview Ambassador Chas W. Freeman - A Relationship in Transition
> Flogging the Arabs for Votes? The 2004 U.S. Presidential Election and the Middle East By David T. Dumke
> Remember Khobar Towers by Louis J. Freeh
> Saudi Suicide Bombings Act Against Al Qaeda
by Wyche Fowler 
and Edward S. Walker
> Don't Let Bin Laden Win!
by Anthony H. Cordesman
> The Approaching Turning Point: The Future of U.S. Relations with the Gulf States by F. Gregory Gause, III
> In the Eye of Yet Another Storm: US-Saudi Relations and the Iraqi Campaign
by Gregory J. H. Dowling
> Saudi Arabia: Winds of Change in the Desert
by Sandra Mackey
> The Prince
by Elsa Walsh
> US-Saudi Ties Prove 
Crucial In War
by Michael Dobbs


[more SAF items]

[more SUSRIS items]



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In This Issue

O   News
  ·   Region
      - Arab League Can't Agree On Reform Plan
      - Egypt Counters US Initiative
      - Iraq Charter Signed Without Changes
      - US Team Heads To Iraq To Make Case Against Saddam
      - US In Massive Security Boost At Iraq Borders
      - Rumsfeld: Total Protection For Iraqis Is Not Possible
      - Bloodbath In Iraq
      - Iraq Holds Historic Shia Festival
      - US, EU Struggle For Draft UN Resolution On Iran
      - Oman-Saudi Arabia Border Talks Begin
      - Kingdom And Yemen To Hold Joint Exercises
      - Cool Reception To Al-Hurra Attributed To Lack Of Credibility
  ·   Bahrain
      - U.S. Upgrades 5th Fleet Facility In Bahrain
      - Human Rights Group Urges Bahrain To Check Abuse Of Expat Workers
      - MP Wants Strict Application Of Sharia In Bahrain
      - Islamists Eye Bahrain F1 Race After Big Brother Win
      - Arab Big Brother Show Suspended
  ·   Kuwait
      - Islam Is Kuwaiti Movement's New Political Platform
      - Kuwait Plans Income Tax Bill First Time
  ·   Oman
      - Oman, Germany To Ink Pact To Avoid Double Taxation
  ·   Qatar
      - Qatar Raps Outright Rejection Of US Initiative
      - Qatar Extends Custody For 2 Detained Russians
      - Ambassador Confirms Consul Meets Russians Detained In Qatar
  ·   Saudi Arabia
      - 'No Reforms Under Foreign Pressure'
      - Human Rights Body Set To Begin Work
      - Kingdom Sets Limits To WTO Conditions
      - Kingdom Open To All Tourists, Says Bandar
      - Commission For Charity Abroad
      - Kingdom To Figure In US Election Campaign: Expert
      - Student Charged With Terror Conspiracy
      - Saudi National Arrested After Acquittal In US
      - Abdullah-Musharraf Talks Focus On Defense Cooperation
      - Kingdom, Kazakhstan To Boost Cooperation
      - Businesswoman Gets EPCCI Post
      - 500,000 Traffic Casualties In Kingdom
      - Historic Artificial Heart Implant
      - Study: 20PC Saudi Women Obese
  ·   UAE
      - New Embassy Symbol Of US Ties With UAE
      - US Praises UAE'S Human Rights Record
      - UAE Money Laundering Law Selected By UN As A Model
      - New Zealand Allows UAE Nationals To Enter Without Visas
O   Link Of The Week - Phonebook Of The Middle East
O   GulfWire Flashback - Over Four Years Of GulfWire
O   Business & Finance News
  ·   Region
      - Energy Futures - 03.05.04
      - OPEC Hints At Higher Output
      - Iraq Scrambles For New Oil Export Routes
      - DPA Short Listed For $1B Iraqi Five-Port Contract
      - Law Guarantees Security For Foreign Investment
      - GCC States Must Privatize Water Firms To Head Off Looming Crisis
      - Strategy To Develop GCC Chambers
      - JCCI Center, Egypt Fund Sign Agreement
      - Qatar, Oman To Set Up $82M Investment Firm
  ·   Bahrain
      - Congressional Caucus On U.S. Bahrain Free Trade Announced
      - Bahrain Diversifying To Attract Investment
      - Oil, Gas Experts To Meet In Bahrain
  ·   Kuwait
      - Industry Worried Over High Piracy Levels In Kuwait
  ·   Oman
      - Al Maha Petroleum IPO To Hit Market On March 9
      - German Group To Explore Oman Tourism Venture
      - Oman Launches 'The Wave' - A Premium Resort Development
  ·   Qatar
      - Qtel Records QR2, 26M In Profits
  ·   Saudi Arabia       
      - Landmark Gas Deals To Be Signed
      - Financial Results Paint Impressive Picture Of Saudi Banks
      - Saudi Arabia's Monetary Reserves Climb Close To The $25-Billion Mark
      - Experts Call For Ending KACST Control Over Internet Services
      - 40% Shops Remain Closed In Riyadh Gold Market
      - New Licensing Rules For Travel Agencies Soon
      - Stoppage Of Sponsorship Transfer Jolts Job Market
      - Kingdom's Retail Sector Confronts Huge Challenges
      - Kingdom To Invite Tenders For Railway Project
      - Kingdom Seeks French Investment In Power Sector
      - Australia Hopes To Resume Sheep Exports
      - Kingdom And Norway Agree To Cooperate On Oil Production
      - Xenel Signs Deal With Tecnimont
  ·   UAE
      - DIFX Signs Deal With Four Global Giants
      - UAE Invests Over $11B To Build Industrial Base
      - NCC Calls For Privatizing Empost
      - UAE'S Banking Sector Sets Emiratization Target
      - Dubai To Establish Sports City To Aim For 2016 Olympics
      - Boat Show Attracts Leading Players
      - Dubai To Hold Real Estate Exhibition

 

News - Region

ARAB LEAGUE CAN'T AGREE ON REFORM PLAN
"Arab foreign ministers failed to agree [Mar 4] on a new strategy for reform in the Middle East that was meant to be a response to a Bush administration proposal. The ministers of the 22-member Arab League, finishing four days of meetings, will discuss the plans again when they meet in Tunisia just before a league summit March 29-30.. ..Arab nations, led by Egypt and Saudi Arabia, have denounced the initiative as an imposition of foreign ideas and have pushed for Arabs to come up with their own reform package.." Complete report..
Also:
ARABS DIFFER ON HOW TO HANDLE US REFORM PLANS
ARABS WANT DEMOCRACY, BUT NOT THE BRAND FROM ABROAD
~~GulfWire Link~~
ARABS AND EUROPEANS QUESTION 'GREATER MIDDLE EAST' PLAN - GWD Mar 1, 2004
REFORM AN ARAB AFFAIR, SAYS US OFFICIAL - GWD Mar 1, 2004

EGYPT COUNTERS US INITIATIVE
"Egypt [Mar 1] launched a counter-initiative for reform in Arab countries ahead of a US mission to the region to promote Washington's broad plan for political and economic change in the Middle East. President Hosni Mubarak, who rejected any effort to impose foreign cultural models for change, said the Egyptian plan supported reforms that would respect Arab identities and proceed at a comfortable pace.." Complete report..
~~GulfWire Link~~
SAUDI FOREIGN MINISTER TALKS OF AN EGYPTIAN-SAUDI PAPER - GWD Mar 1, 2004

IRAQ CHARTER SIGNED WITHOUT CHANGES
"Iraq's Governing Council will sign an interim constitution [Mar 8] without any further changes to the document despite the reservations of the country's foremost Shiite cleric, Shiite politicians said. The signing of the constitution has been repeatedly delayed due to disagreements between Iraq's religious and ethnic groups over the document.. ..An elaborate signing ceremony was cancelled on Friday after some Shiites objected to a clause that effectively gives Kurds a veto over the permanent charter which will be drawn up after elections next year.." Complete report..
Also:
U.S. CONSIDERS LARGER IRAQI GOVERNING COUNCIL
IRAQI CONSTITUTION DELAYED

~~GulfWire Link~~
IRAQ COUNCIL REJECTS US TRANSITION PLAN - GWD Feb 23, 2004

US TEAM HEADS TO IRAQ TO MAKE CASE AGAINST SADDAM
"The U.S. Justice Department this weekend dispatched a high-level team to Iraq to assemble evidence for war crimes cases against former Iraqi President Saddam Hussein and members of his regime.. ..A Justice Department team of about 50 lawyers, investigators and prosecutors began departing to Iraq this weekend to begin culling evidence for war-crimes cases, the official said on condition of anonymity. The group -- to be called the Regime Crimes Adviser's Office -- will report to the Coalition Provisional Authority headed by U.S. administrator Paul Bremer.." Complete report..

Future of Global Oil Supply: Saudi Arabia
A Conference Hosted at the Center for Strategic and International Studies on Feb. 24, 2004
[more]

US IN MASSIVE SECURITY BOOST AT IRAQ BORDERS
"Iraqi overseer Paul Bremer announced [Mar 3] a massive increase in border security following the deadly attacks in the Shiite holy city of Karbala and in Baghdad. Bremer said $60 million had been earmarked to tighten controls on Iraq's borders and that hundreds more vehicles and security personnel would be deployed to beef up security.. ..the top US commander in Iraq said [Mar 3] the US had intelligence warnings of Tuesday's attacks and probably prevented even greater carnage with special raids the night before on operatives of Al Zarqawi.." Complete report..

RUMSFELD: TOTAL PROTECTION FOR IRAQIS IS NOT POSSIBLE
"US Defense Secretary Donald Rumsfeld said neither American troops nor fledgling Iraqi security forces could completely protect Iraqis from devastating attacks like those against Shiites this week.. ..Rumsfeld and General John Abizaid, the head of US Central Command, made their comments on [Mar 4] amid growing criticism from Iraq's Governing Council that US-led occupiers were not doing enough to provide security following bombs which killed at least 181 people at Shiites' holiest shrines.." Complete report..

BLOODBATH IN IRAQ
"A wave of suicide bombings and mortar attacks on Shiite shrines in Baghdad and Karbala [Mar 2] killed at least 182 people. US officials and Iraqi leaders named an Al-Qaeda-linked Jordanian militant, Abu Musab Al-Zarqawi, as a 'prime suspect' for the attacks, saying he seeks to spark a Sunni-Shiite civil war in Iraq to wreck US plans to hand over power to the Iraqis on June 30.." Complete report..

IRAQ HOLDS HISTORIC SHIA FESTIVAL
"Hundreds of thousands of Shia Muslims are in the Iraqi town of Karbala to mark the festival of Ashura for the first time in more than 30 years. The festival was severely restricted by former Iraqi leader Saddam Hussein. Ashura is the climax of a 10-day period of mourning for Shias commemorating the martyrdom of Imam Hussain, who was killed in Karbala in the year 680.. ..Many of the devotees this year have come illegally from neighboring Iran, which, like Iraq, has a majority Shia population.." Complete report..

Developments in Iraq at the End of 2003:  Adapting U.S. Policy to Stay the Course
By Anthony H. Cordesman
[
Click Here]

US, EU STRUGGLE FOR DRAFT UN RESOLUTION ON IRAN
"The United States and the European Union's 'Big Three' were searching for a compromise on a draft UN nuclear resolution on Iran that is not too harsh but keeps up the pressure on Tehran.. ..On [Mar 8], the International Atomic Energy Agency's (IAEA) Board of Governors begins meeting to discuss resolutions on Iran and Libya's previously undeclared nuclear programs - both of which were supplied by a global black market linked to the father of Pakistan's atom bomb, Abdul Qadeer Khan.." Complete report..
~~GulfWire Link~~
UN NUCLEAR WATCHDOG FINDS ANOTHER NUCLEAR PROGRAM IN IRAN - GWD Mar 1, 2004 

OMAN-SAUDI ARABIA BORDER TALKS BEGIN
"The eighth meeting of border authorities (first grade) between the Sultanate and Saudi Arabia began at the Royal Oman Police headquarters in Qurum [Mar 7].. ..The meeting will discuss a number of topics including what has been agreed upon at previous meetings, security cooperation between the two countries particularly with regard to smuggling and prevention of infiltration.." Complete report..

KINGDOM AND YEMEN TO HOLD JOINT EXERCISES
"Yemen said [Mar 5] it would hold joint military exercises with Saudi Arabia in the next few months. Col. Ahmad Ali Abdullah Saleh, commander of the Republican Guards forces, said in press remarks that discussions on the maneuvers with Riyadh were under way.. ..The exercises, the two countries' first joint military maneuver, are expected to be held 'within the next few months,' Saleh said.." Complete report..
~~GulfWire Link~~
BORDER FENCING TO GO AHEAD WITH YEMENI COOPERATION - GWD Feb 23, 2004

COOL RECEPTION TO AL-HURRA ATTRIBUTED TO LACK OF CREDIBILITY
"The new US-founded Arabic-language television network Al-Hurra has failed to capture the attention of viewers, and many think it will have an uphill struggle convincing them. Ironically, it is its very mission that turns audiences off. Launched on Feb. 14 to win the hearts and minds of Arab audiences for US policy in the Middle East, the station, whose name means 'the free', is showing disappointing ratings as many prefer to get their news elsewhere.." Complete report..
~~GulfWire Link~~
US LAUNCHES ARAB TV CHANNEL - GWD Feb 16, 2004

                                                                   Back to top

News - Bahrain

U.S. UPGRADES 5TH FLEET FACILITY IN BAHRAIN
"The United States has launched an upgrade of its naval facility in Bahrain. The facility, called the P-911 Installation Service Support Center, will be constructed within the Naval Support Activity complex.. ..U.S. officials said the project reflects the intention of the U.S. Navy to maintain its presence in the Gulf Arab kingdom for at least another decade.." Complete report..

HUMAN RIGHTS GROUP URGES BAHRAIN TO CHECK ABUSE OF EXPAT WORKERS
"A Bahraini human rights group [Mar. 4] urged the government to exert more efforts to protect abused workers following new reports of harassment against housemaids. The government had announced plans to set up shelter for abused maids and an information desk at the airport to inform newcomers of their rights and provide them with a contact list, Nabeel Rajab, president of the Bahrain Centre for Human Rights (BCHR) told Gulf News [Mar. 4]. "However, nothing has been done so far," he complained.." Complete report..
~~GulfWire Link~~
PLEA TO PROTECT RIGHTS OF EXPATS - GWD Jun 30, 2003

MP WANTS STRICT APPLICATION OF SHARIA IN BAHRAIN
"An Islamist member of the Bahraini Parliament intends to propose the introduction of Islamic Sharia castigations, including amputating the hands of thieves, to the kingdom's criminal code in an attempt to confront what he described as 'the surreal rise' in crime. MP Jassim Al Saidi claims Bahrain's secular code is 'too soft to stop the recent upsurge in all sorts of crimes'.. ..A leading Bahraini human rights activist however rejected the proposal saying the idea itself is 'bizarre'.." Complete report..
~~GulfWire Link~~
BAHRAIN MP PROPOSES TO SEGREGATE SEXES IN UNIVERSITY - GWD Feb 9, 2004

ISLAMISTS EYE BAHRAIN F1 RACE AFTER BIG BROTHER WIN
"After forcing the cancellation of the 'immoral' reality TV show Big Brother,
Bahraini Islamists want to ensure there will be no champagne-spraying and scantily-dressed women at next month's Formula One grand prix.. ..'We have raised these issues with organizers and they have promised there will be no naked women and no celebrations with champagne,' said Adel al-Moawada, deputy chairman of Bahrain's parliament. 'This is an Islamic country and celebrations must conform to our traditions'".. Complete report..
~~GulfWire Link~~
BAHRAIN TEAMS CHECK 'IMMORALITY' - GWD Dec 29, 2003

ARAB BIG BROTHER SHOW SUSPENDED
"The Arabic satellite TV channel MBC has suspended its version of the reality TV show, Big Brother. The series, which began on 22 February, caused a public outcry in Bahrain where it was being filmed.  On Friday 1,000 people protested against the show and a group of Bahraini MPs threatened to question the information minister on the issue. A spokeswoman for the station told BBC News Online that the show was unlikely to be put back on air.. Complete report..
Also:
BAHRAINIS REACT ANGRILY TO 'BIG BROTHER' SUSPENSION
~~GulfWire Link~~
'NO' TO BIG BROTHER SAY PROTESTERS - GWD Mar 1, 2004

                                                                                                                     Back to top

News - Kuwait

ISLAM IS KUWAITI MOVEMENT'S NEW POLITICAL PLATFORM
"The Islamic Constitutional Movement (ICM) is adopting a new political platform to cope with changes at the local and regional levels.. ..MP Dr Nasser Al Sane was elected as Assistant Secretary General and Director of Development Programs.. ..said ICM intends to strike a balance between playing a watchdog role in Parliament and presenting beneficial projects and development programs.." Complete report..
~~GulfWire Link~~
ISLAMISTS TIGHTEN GRIP IN KUWAIT - GWD Jul 7, 2003

KUWAIT PLANS INCOME TAX BILL FIRST TIME
"Kuwait's Council of Ministers has prepared preliminary draft legislation that will introduce income tax for the first time ever to the oil-rich emirate.. ..The Cabinet has endorsed the draft law and gave it to the council's economic committee which will send it to an Islamic law department for study and recommendations.. ..The law would not apply to normal employee salaries according to excerpts of the draft law published in newspapers over the past two days; but would apply to those running commercial activities, commission businesses, real estate, investment, service, handicrafts or mining activities.." Complete report..
                                  

                                                                                 Back to top

News - Oman

OMAN, GERMANY TO INK PACT TO AVOID DOUBLE TAXATION
"The ninth session of the Omani-German joint committee will commence here [Mar 6].. ..The two sides will also discuss updating of an agreement on investment encouragement and protection signed between the two countries and will sign an agreement on avoidance of double taxation between the two countries.." Complete report..

                                                                        Back to top

News - Qatar

QATAR RAPS OUTRIGHT REJECTION OF US INITIATIVE 
"Qatar [Mar 3] criticized Arab states for rejecting a US initiative for reform before knowing its contents, amid efforts here to draw up a joint Arab counter-proposal for change.. ..The Arab ministers were to draft a joint initiative for Middle East political and economic reform, which would amount to a counter-proposal to Washington's 'Greater Middle East Initiative.'" Complete report..
~~GulfWire Link~~
U.S. READIES PUSH FOR MIDEAST DEMOCRACY PLAN - GWD Mar 1, 2004

QATAR EXTENDS CUSTODY FOR 2 DETAINED RUSSIANS
"Qatari authorities extended by one month the term of custody for the two Russians detained on suspicion of involvement in the murder of Zelimkhan Yandarbiyev.. ..Moscow is taking active measures to protect its citizens. Russian lawyers in Doha study case materials and have established contracts with local firms of attorneys. Earlier, Moscow requested Qatar to carry out a medical check of the detainees, but there has been no clear agreement on the part of Qatar.." Complete report..

AMBASSADOR CONFIRMS CONSUL MEETS RUSSIANS DETAINED IN QATAR
"Russia's Ambassador to Qatar Viktor Kudryavtsev confirmed on [Mar 3] that the Russian consul had had a second meeting with two Russians detained in Qatar. The Russians were detained by Qatari authorities on suspicion of having been involved in the assassination of Chechen separatist leader Zelimkhan Yandarbiyev.." Complete report..
~~GulfWire Link~~
TWO HELD OVER YANDERBIYEV KILLING - GWD Feb 23, 2004

                                                                                                        Back to top

News - Saudi Arabia

'NO REFORMS UNDER FOREIGN PRESSURE'
"Saudi Arabia [Mar 1] reiterated its rejection of foreign-imposed democratic reforms in the Arab world and said speedy solutions to the Palestinian and Iraqi issues were the best route to reforms and peace in the Middle East.. .. The weekly Council of Ministers' meeting.. ..'affirmed that Arab states proceed on the path of development, modernization and reform in keeping with their people's interests and values.' Modernization and reform must fulfill the people's needs and be compatible with 'their Arab identity.'"  Complete report..
~~GulfWire Link~~
BUSH SEEKS BACKING FOR 'GREATER MIDEAST' PLAN - GWD Feb 9, 2004

HUMAN RIGHTS BODY SET TO BEGIN WORK
"The recently established National Human Rights Association will soon start work to redress injustices against Saudi women, according to a female member of the 41-strong constituent body.. ..At issue are much more basic 'moral and material rights, such as helping divorced women win custody of their children and alimony from their estranged husbands' in an environment where 'men are invariably the stronger party in any dispute,'.. ..Even more basically, women, like other members of Saudi society, need to be 'educated' about their rights and the need to pursue them.." Complete report..
Also:
FIRST INDEPENDENT RIGHTS BODY SET UP IN SAUDI ARABIA
~~GulfWire Link~~
MINISTRY PLANNING TO SET UP HUMAN RIGHTS SECTION - GWD May 26, 2003

KINGDOM SETS LIMITS TO WTO CONDITIONS
"Saudi Arabia has put some 113 reservations - 73 on imports and 40 on services - on the table during membership talks with the World Trade Organization (WTO).. ..the Kingdom presented the reservations on the basis of Article 20 of the WTO Charter in order to protect Islamic values and traditions. The Kingdom has intensified its negotiations with the WTO and hopes to become a member of the body by June. Spelling out Saudi reservations, the sources said the Kingdom wanted a total ban on the import of satellite Internet receivers, pork, alcohol and narcotics.." Complete report..
~~GulfWire Link~~
GCC INSIGHTS: SAUDI ARABIA'S ENTRY INTO WTO ALL SET - GWD Sep 8, 2003

KINGDOM OPEN TO ALL TOURISTS, SAYS BANDAR
"Saudi Ambassador to the United States Prince Bandar bin Sultan said his country has revised its tourism website, adding he was embarrassed by the announcement on the site that promoted tourism to the Kingdom - with the exception of Jews. The move came after Congressman Anthony Weiner, D-NY.. ..said last week that the Kingdom's new visa policy outlined on a tourist website (www.sauditourism.gov.sa/sct) should be condemned by American officials. The website, promoting a new Saudi program to offer tourist visas to encourage more foreign visitors, listed four groups not entitled to tourist visas, including 'Jewish People.'" Complete report..
~~GulfWire Link~~
JEWS BARRED, SAID SAUDI WEB SITE - GWD Mar 1, 2004

COMMISSION FOR CHARITY ABROAD
"The Saudi ambassador to the United States, Prince Bandar ibn Sultan, has said the royal decree to establish the Saudi National Commission for Relief and Charity Work abroad is to ensure that terrorist organizations do not misuse Saudi donations for humanitarian projects worldwide.." Complete report..
~~GulfWire Link~~
PANEL FORMED FOR CHARITY ABROAD - GWD Mar 1, 2004

KINGDOM TO FIGURE IN US ELECTION CAMPAIGN: EXPERT
"Saudi Arabia will be an issue in this year's US presidential election campaign, according to a campaign expert, after Democrats accused President George W. Bush of being 'soft' on the Kingdom.  Journalists here were taking part in a four-way satellite conference with David Mark, the editor in chief of Campaigns and Elections magazine, a non-partisan monthly publication that covers political consulting and politics.. ..Mark believes that the November elections are the first since the end of the Cold War where foreign policy is a major issue.." Complete report..

STUDENT CHARGED WITH TERROR CONSPIRACY
"A graduate student [in the US] from Saudi Arabia - already jailed on immigration charges - has been accused of helping to raise funds for a militant Palestinian organization. Sami Omar Al-Hussayen was charged with conspiracy to provide material support to terrorism after federal prosecutors said he helped run Web sites that urge people to contribute money to Hamas.. .. Al-Hussayen, 34, has been in a jail near Boise since being arrested at his Moscow home in February 2003. He was charged then with student visa fraud and making false statements to obtain a visa. On Jan. 9, federal prosecutors won an indictment adding the new charge.." Complete report..
~~GulfWire Link~~
U.S. INDICTS SAUDI STUDENT - GWD Jan 12, 2004

SAUDI NATIONAL ARRESTED AFTER ACQUITTAL IN US
"Essam Muhammad Al-Mohandis, 33, the Saudi national and biomedical engineer from Riyadh recently acquitted of federal charges for carrying three small sparklers on a flight from Germany to Boston, was arrested eight hours after his [Feb 27] acquittal.. ..Federal officers arrested him for not having a valid visa. Essam did not have a current visa because when federal officers arrested him on Jan. 3 at Boston Airport after they found the three sparklers in backpack, they revoked his visa.. ..customs spokeswoman Janet Rapaport.. .. Customs officers determined that he needed to be taken into custody and sent home immediately after his acquittal.." Complete report..
Also:
Essam Al-Mohandis Tells All About His Ordeal in US 
~~GulfWire Link~~
SAUDI NATIONAL FOUND INNOCENT OF CARRYING EXPLOSIVES ON PLANE IN US - GWD Mar 1, 2004

ABDULLAH-MUSHARRAF TALKS FOCUS ON DEFENSE COOPERATION
"Pakistani President Pervez Musharraf wrapped up a brief visit to the Kingdom [Mar 7] after discussing issues including possible defense cooperation with top officials here. His talks with Crown Prince Abdullah, deputy premier and commander of the National Guard, also covered regional cooperation, the international situation, Indo-Pak relations, and ways of strengthening the Organization of the Islamic Conference (OIC), according to Pakistani Ambassador Abdul Aziz Mirza. Saudi Arabia and Pakistan have been pushing proposals to bolster the 57-member OIC.." Complete report..

KINGDOM, KAZAKHSTAN TO BOOST COOPERATION
"The leaders of Saudi Arabia and Kazakhstan [Mar 2] discussed ways of boosting cooperation between their two countries.. ..Kazakhstan, which boasts three huge oil fields in and around the Caspian Sea, is becoming a major exporter. The Central Asian country's oil fields are gradually being developed to supply the international market, with US firms such as Chevron Texaco and Exxon Mobil playing a prominent role.." Complete report..

BUSINESSWOMAN GETS EPCCI POST
"Dr. Aysha Al-Manie, a prominent businesswoman, has been elected chairwoman of the first women's committee at the Eastern Province Chamber of Commerce and Industry.. ..Abdul Rahman Al-Rashid, chairman of the chamber, said the women's committee would play a significant role in enlightening businesswomen about investment opportunities in the region.." Complete report..

500,000 TRAFFIC CASUALTIES IN KINGDOM
"..the Kingdom suffers from an estimated half a million casualties from traffic accidents annually, 12 percent of which are fatal.." Complete report..

HISTORIC ARTIFICIAL HEART IMPLANT
"Ali Al-Enazi has become the first Saudi living with an artificial heart after a historic implant operation at the King Abdul Aziz Center for Heart Disease at the National Guard Hospital here. This is the first time such an operation has been carried out in the Arab world.." Complete report..

STUDY: 20PC SAUDI WOMEN OBESE
"A high-fat diet coupled with physical inactivity has led to a staggering number of overweight men and women in the Kingdom, and obesity - or excess body fat - affects more women than men. A 1999 study by researchers at King Saud University revealed that about 20 percent of all adult Saudi females were obese compared to 13 percent of males. Those numbers were higher than most other countries.. .. Physical activity is limited due to a number of socio-cultural factors.." Complete report..

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News - UAE

NEW EMBASSY SYMBOL OF US TIES WITH UAE
"The new US Embassy building in Abu Dhabi, which was officially opened [Mar 1], will symbolize America's partnership with the Middle East, senior diplomats said.. ..The new facility, dubbed 'The Dunes' as its architectural design reflects the shape of sand dunes, encompasses 9,617 square meters housing 300 staff representing eight US government departments.." Complete report..

US PRAISES UAE'S HUMAN RIGHTS RECORD
"The United States has praised the UAE's human rights record and acknowledged the country's efforts to ensure better prison conditions and ban on torture. 
In its annual Human Rights Country report for 2003, the US Department of State also recognized the UAE's tough legislations against child labor and noted its recent law which bans the recruitment of children as camel jockeys.." Complete report..

UAE MONEY LAUNDERING LAW SELECTED BY UN AS A MODEL
"The UAE's anti-money laundering law has been selected by the United Nations as a model which should be adopted by other states to contribute to global efforts aimed at putting an end to the world's most alarming 'white-collar' crime. According to Michael A. DeFeo, Consultant, Terrorism Prevention Branch of the United Nations Office on Drugs and Crime, legislative actions of the UAE are considered highly important to the Vienna-based international organization dealing with drugs, crimes and terrorism.." Complete report..
~~GulfWire Link~~
UAE RIGOROUSLY IMPLEMENTS ANTI-TERROR AND ANTI-MONEY LAUNDERING MEASURES - GWD Sep 29, 2003

NEW ZEALAND ALLOWS UAE NATIONALS TO ENTER WITHOUT VISAS
"UAE nationals can enter New Zealand and stay for up to three months without visa, a senior UAE Foreign Ministry official announced in Abu Dhabi [Mar 3]. The move by New Zealand came in response to a UAE request, which is part of efforts being exerted by the Foreign Ministry to facilitate the movement of UAE nationals to various countries around the world.."  Complete report..
                    

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Link of the Week / GulfWire Flashback - Four Years of GW


LINK OF THE WEEK

Phonebook of the Middle East

~~~Flashback~~~
..from the GulfWire archive..

<<ONE YEAR AGO>>
GULFWIRE DIGEST #187 WEEK OF MARCH 10, 2003

GCC BACKS SADDAM OUSTER CALL
"The six-member Gulf Cooperation Council [Mar. 3] backed a UAE proposal for Iraqi President Saddam Hussein's exile to save his people from the horrors of war.. ..The idea, and suggestions that Iraq should come under temporary UN and Arab League tutelage once Saddam had stepped down, were given short shrift by other Arab leaders at the summit, who refused even to discuss it. However, in subsequent individual statements, Saudi Arabia, Kuwait, Qatar and Bahrain have cautiously lent their support to the proposal.."

<<TWO YEARS AGO>>
GULFWIRE DIGEST #138 WEEK OF MARCH 11, 2002

SAUDIS DETAIL MID-EAST PEACE VISION
"..Saudi Foreign Minister Prince Saud al Faisal said that to get 'complete peace' from the Arabs, Israel should allow the creation of an independent Palestinian state with Jerusalem as its capital, and withdraw from lands captured in the 1967 war.." "..The Saudi foreign minister said that if Israel
were to fulfill the peace proposal requests - including the creation of an independent Palestinian state with Jerusalem as its capital - then 'it would find complete peace with the Arab states..'" 

<<THREE YEARS AGO>>
GULFWIRE DIGEST #88 WEEK OF MARCH 19, 2001

LOCKHEED TO DELIVER F-16S IN 2004
"The U.S. will start delivering F-16 jet fighters to the UAE in 2004 and the acquisition will largely bolster the UAE Air Force, manufacturers of the aircraft said at Idex2001. Dave Wright, Lockheed Martin spokesman, said deliveries could take several years as the two sides have just signed the contract. "Deliveries will begin in 2004 and it will be the best F-16 ever produced by Lockheed.. ..it will be even better than those in service in the US because this one involves new technology," he said. He added that such jets will bolster the UAE air force and at the same time boost the partnership. He said the $6.8-billion package, which involves the purchase of 80 F-16s, includes delivery, training, construction of air bases and other related facilities, spare parts and maintenance..

<<FOUR YEARS AGO>>
GULFWIRE DIGEST #35 WEEK OF MARCH 6, 2000

REGIONAL THREATS ASSESSED 
The commander of U.S. military forces in the Gulf region said gains made by reform candidates in recent elections in Iran are encouraging but the country still remains the greatest long-term threat in the area according to Tom Raum writing for AP on February 29.  General Anthony Zinni, Commander in Chief of U.S. Central Command told the Senate Armed Services Committee, "What concerns us is the fact that the hard-liners still control the military, the weapons of mass destruction program, the ballistic missile program, and still control the intelligence services which still support terrorism groups."  He suggested a "wait-and-see" approach before improving relations with Tehran.   Regarding Iraq, General Zinni characterized Baghdad as a shorter-term threat and opposed easing sanctions, "What we would end up doing is allowing Saddam to rearm and his regime to recover and be a threat in the region again. Whether any effect would flow down to the Iraqi people is questionable. I think sanctions relief would recreate the danger of Saddam in the region that we faced 10 years ago."  

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Business - Region

[GulfWire] ENERGY FUTURES - 03.05.04
Light Crude (NYM) $37.25 bbl UP from $36.20 bbl on 02.28.04
Brent Crude (IPE) $33.50 bbl UP from $32.35 bbl on 02.28.04
Heating Oil (NYM) $0.9285 gal DOWN from $.9405 gal on 02.28.04
Natural Gas (NYM) $5.52 mmbtu UP from $5.33 mmbtu on 02.28.04
Unleaded Gas (NYM) $1.127 gal DOWN from $1.128 gal on 02.28.04 
Source: CNNfn


OPEC Price Band (Source: EIA, DOE)
The Best Energy Resource in the World:
Country Analysis Briefs
by DOE/EIA
   

OPEC HINTS AT HIGHER OUTPUT
"With world oil prices shooting up, OPEC ministers are hinting at a possible reversal of the group's decision to cut output quotas next month.. ..on Feb. 10, the Organization of Petroleum Exporting Countries pledged to cut its combined output quota of 24.5 million barrels per day (bpd) by one million bpd from April 1. The 11-nation organization also agreed to eliminate by the end of March production above the quota, with the excess estimated at 1.5 million bpd. 'If prices continue at their current high level, OPEC countries are determined to revise their previous decision,' United Arab Emirates Oil Minister Obeid ibn Saif Al-Nassiri said.." Complete report..

IRAQ SCRAMBLES FOR NEW OIL EXPORT ROUTES
"With oil exports from northern Iraq crimped by the persistent threat of sabotage, the Iraqi Oil Ministry is pursuing several options to increase crude exports along safer routes in the Persian Gulf, including deals to ship oil to two former foes. The ministry is considering building pipelines to export limited amounts of crude to Iran and Kuwait.. ..some analysts argue that the Oil Ministry risks giving Iran and Kuwait unnecessary leverage over Iraq's economic lifeblood. They say the ministry should focus instead on securing and reopening Iraq's northern pipeline to Turkey and on completing repairs to the Khor al-Amaya terminal, which was destroyed during the first Gulf War.." Complete report..
~~GulfWire Link~~
RESTART OF STEADY SUPPLY OF OIL FUELS IRAQ GROWTH - GWD Feb 9, 2004

DPA SHORT LISTED FOR $1B IRAQI FIVE-PORT CONTRACT
"Dubai Ports Authority, Maersk, P&O and a Kuwait-Iraq joint venture have been short listed for a $1 billion, 10-year contract to manage and develop five Iraqi ports. In a surprise development, the original tender floated by Iraqi authorities inviting expression of interest, has been withdrawn in favor of a new, more comprehensive version.." Complete report..

LAW GUARANTEES SECURITY FOR FOREIGN INVESTMENT
"Buoyed by the new Iraqi foreign investment law, Basra governorate officials have announced the launch of a new foreign investment and reconstruction office for southern Iraq.. ..said Judge Wael Abdul Latif Al Fadel, governor of Basra and a member of the Iraqi Governing Council. 'We are opening up the ownership of real estate and a new residential neighborhood is being offered to foreign investors for development. We encourage Dubai-based investors to invest in those lands.'" Complete report..

GCC STATES MUST PRIVATIZE WATER FIRMS TO HEAD OFF LOOMING CRISIS
"The region could be heading for a drought unless there is an urgent shake up of the government-run companies, which manage the water pumps. A senior scientist spoke out against the public sector for allowing extraction of water wells and reservoirs to far exceed their refill.. ..Dr Abdulhadi Al Otaibi.. ..In his research paper, entitled 'Water Resources Issues in the Gulf Region', presented at the International Desalination Association (IDA) Forum in Sharjah, the scientist urged the private sector to break the stranglehold of the public sector has on the water industry.." Complete report..
~~GulfWire Link~~
MODERNIZATION PUTS STRAIN ON GCC WATER RESOURCES - GWD Mar 17, 2003

STRATEGY TO DEVELOP GCC CHAMBERS
"The private sector will have a lead role in the Gulf Cooperation Council-European Union Free Trade Agreement negotiations, First Vice Chairman of Bahrain Chamber of Commerce and Industry (BCCI), Yousif Saleh Al Saleh said.. ..Al Saleh, who received delegates of the GCC Chambers at BCCI, said that there was need to devise a comprehensive strategy to develop the GCC chambers as 'institutions.'" Complete report..

JCCI CENTER, EGYPT FUND SIGN AGREEMENT
"The Jeddah Chamber of Commerce and Industry's center for the development of SMEs has signed an agreement for cooperation with the Egyptian Social Fund for Development. Under the agreement, the Egyptian organization will provide technical expertise and consultancy services for young Saudi entrepreneurs to set up small investment projects.." Complete report..

QATAR, OMAN TO SET UP $82M INVESTMENT FIRM
"Qatar and Oman have agreed set up a joint investment company with QR300 million ($82.3 million) capital, said a report. The announcement follows the Qatar-Oman ninth joint committee meeting held at the Ritz-Carlton Doha. The company under formation, of which the portfolio is yet to be specified, will consist of the private sectors with equally shared 60 per cent stake and the public sector with 40 percent from both countries.." Complete report..

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Business - Bahrain

CONGRESSIONAL CAUCUS ON U.S. BAHRAIN FREE TRADE ANNOUNCED
"A congressional caucus supporting the US-Bahrain Free Trade Agreement was announced [Mar 3] at a Capitol Hill press conference.. ..On May 21, 2003, the U.S. and Bahraini governments officially announced negotiations on the U.S.-Bahrain Free Trade Agreement (FTA). [Mar 3] announcement comes on the heels of a successful first round of talks in Bahrain and in the midst of the second round now being held in Washington and expected to conclude Friday, March 5.." Complete report..
~~GulfWire Link~~
BCCI PANEL TO STUDY US FREE TRADE PACT PROGRESS - GWD Jan 19, 2004

BAHRAIN DIVERSIFYING TO ATTRACT INVESTMENT
"With Bahrain's focus on economic diversification, the manufacturing sector has grown in importance and currently accounts for about 11.9 percent of the GDP (2002). With limited oil reserves, Bahrain's continued prosperity rests on its ability to diversify its income stream to attract more foreign investments from the neighboring countries and others.  Some of the regional countries like UAE and Qatar are rapidly challenging Bahrain's dominance in its core areas of banking and financial services. Intense efforts of the past few years at diversification are bearing fruits.." Complete report..

OIL, GAS EXPERTS TO MEET IN BAHRAIN
"At a time of controversy over Middle East supplies of oil and gas, about 1,200 industry experts will meet here from March 7-10 to focus on technical prospects for exploration and production.." Complete report..

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Business - Kuwait

INDUSTRY WORRIED OVER HIGH PIRACY LEVELS IN KUWAIT
"The International Federation of the Phonographic Industry (IFPI) and the Business Software Alliance (BSA) has expressed concern over rampant piracy in music and software in Kuwait during 2003, resulting in a loss of $100 million to both industries. The IFPI represents companies that produce and distribute more than 90 per cent of all recordings by Arab artists.. ..Kuwait has been named by IFPI and BSA as having one of the highest levels of piracy within the Gulf states.. ..Out of the 35,000 PCs sold in 2003, only around 2,000 were uploaded with original software, according to industry figures.." Complete report..
~~GulfWire Link~~
KUWAIT WILL BOOST ECONOMY BY $375 MILLION BASED ON EXPECTED DROP IN SOFTWARE PIRACY - GWD Apr 28, 2003

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Business - Oman

AL MAHA PETROLEUM IPO TO HIT MARKET ON MARCH 9
"The 65-percent government-owned Al Maha Petroleum Products Marketing Company is entering the capital market on March 9, 2004, with an initial public offering of 3.6 million shares at a price of RO2.520 per share aggregating to RO9.07 ($23.57) million.. ..Al Maha Petroleum, which is believed to be a future force to reckon with Oman's oil industry, has only two shareholders, Oman's Ministry of Oil & Gas and ABS Lubricants of Abu Dhabi, holding 65 percent and 35 percent stakes.. ..the government is divesting its 60 percent stake in Al Maha Petroleum to the general public and five percent to the company's UAE shareholder.." Complete report..

GERMAN GROUP TO EXPLORE OMAN TOURISM VENTURE
"The Oman-Germany joint commission is to meet [Mar 6] in a bid to boost tourism and investment in the Gulf state, which is already on a drive to promote itself as a holiday destination.. ..A high-level German delegation, including 40 businessmen, will hold two days of talks to explore opportunities in the country's $1.2 billion Sohar refinery project.." Complete report..
~~GulfWire Link~~
OMAN ALLOCATES $30M TO PROMOTE TOURISM - GWD Oct 13, 2003

OMAN LAUNCHES 'THE WAVE' - A PREMIUM RESORT DEVELOPMENT
"Oman's largest tourism development to date has been launched to the international press and has been named 'The Wave'. Stretching along 7.3 kilometers of pristine beachfront just west of Muscat and occupying 195 hectares (2 million sq mi), the $805 million (RO 310mn) resort project is ready for development.. ..With the Sultanate of Oman contributing the original land and part of the equity, domestic and international investors are invited to join forces with the government.." Complete report..
                             

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Business - Qatar

QTEL RECORDS QR2, 26M IN PROFITS
"Qatar Telecom's (Qtel) revenues increased by 18 percent in the year 2003 to stand at QR2, 026m as compared to the QR1, 720m in the year 2002 while the net profits recorded by the company for 2003 stood at QR1, 149m, which was an increase of some 20 percent over the previous year, Sheikh Abdullah bin Mohammad bin Saud Al Thani, its chairman, announced.. ..'On December 31, Qtel's share price stood at QR158.40, an increase of 46 percent from the end of 2002. As part of our drive to provide world-class services, we invested heavily during the year.'" Complete report..

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Business - Saudi Arabia

LANDMARK GAS DEALS TO BE SIGNED
"Saudi Arabia will sign landmark gas exploration contracts with Russian, Chinese, Italian and Spanish oil giants [Mar. 7] to produce natural gas from the Rub Al-Khali or Empty Quarter.. ..The international oil companies will partner with Saudi Aramco in the upstream gas ventures, the Ministry of Petroleum and Minerals said. The projects are expected to fetch total investments worth SR75 ($20) billion in five years. The firms will be engaged in gas exploration and production in three regions.." Complete report..
Also:
KINGDOM SIGNS MEGA GAS DEALS

FINANCIAL RESULTS PAINT IMPRESSIVE PICTURE OF SAUDI BANKS
"The 2003 financial results for the nine listed Saudi commercial banks painted an impressive picture of the Saudi banking sector's performance, with a sizable growth in profits as well as an expansion in assets base. Net profits from operations rose by 14.3 percent to SR9.4 ($2.5) billion last year compared to the scanty 1.2 percent growth witnessed in 2002.." Complete report..
~~GulfWire Link~~
KINGDOM'S BANKS FLOATING ON HUGE LIQUIDITY - GWD Dec 29, 2003

SAUDI ARABIA'S MONETARY RESERVES CLIMB CLOSE TO THE $25-BILLION MARK
"Saudi Arabia's monetary reserves, minus gold, have returned to levels last seen in the 1980s, reaching the equivalent of $24.46 billion last November, according to the Saudi Arabian Monetary Agency (SAMA). US dollars accounted for the lion's share with $19.62 billion.. ..Dr. Said Al-Shaikh, chief economist at the National Commercial Bank, said that the growing foreign reserves indicated that the economy was very sound and would give a very positive signal to foreign investors.." Complete report..

EXPERTS CALL FOR ENDING KACST CONTROL OVER INTERNET SERVICES
"The Riyadh International Communications & IT Conference 2004 concluded [Mar 3] with a call to take Internet services away from the control of King Abdul Aziz City for Science and Technology (KACST) as a regulatory authority, so that Internet services can become more accessible to users at reduced rates.. ..the conference recommended that Internet services should be provided through ISPs.. ..The move, it is believed, would facilitate access to Internet at lower rates than the SR3 per hour currently charged.." Complete report..

40% SHOPS REMAIN CLOSED IN RIYADH GOLD MARKET
"About 40 percent of the shops in the gold market at the city center of Batha remained closed [Mar 1] ten days after the deadline for Saudization of the sector. 'Rest assured that with the serious warning issued against violation of the gold shops' Saudization, only those legally able to sell gold will remain in the business,' Deputy Labor Minister Ahmad Mansour told Arab News recently.. ..Shopkeepers were largely unenthusiastic about Saudization.." Complete report..
Also:
SAUDIZED SECTORS REMAIN FAR FROM SAUDIZED
~~GulfWire Link~~
HALF THE GOLD SHOPS 'EXPAT-OWNED'- GWD Mar 1, 2004

NEW LICENSING RULES FOR TRAVEL AGENCIES SOON
"New licensing rules are set to hit travel agencies, already in disarray over government efforts to Saudize 35 percent of the industry's staff. Travel agents told Arab News [Mar 4] they sought immediate intervention of higher authorities including provincial governors, seeking longer grace periods to Saudize jobs after heavy-handed arrests of expatriate employees of travel agencies in Riyadh sent shockwaves through the industry.." Complete report..
Also:
TENSION GRIPS TRAVEL INDUSTRY AFTER ARREST OF EXPAT STAFF

STOPPAGE OF SPONSORSHIP TRANSFER JOLTS JOB MARKET
"The government's decision to stop transfer of sponsorship for all expatriates except for those technically qualified has jolted the Kingdom's labor market. Small businesses are complaining of huge financial losses due to what they must spend in order to bring in workers from abroad.. ..But many businesses and individuals have welcomed the new decision, saying that it will put a stop to trading in visas.." Complete report..

KINGDOM'S RETAIL SECTOR CONFRONTS HUGE CHALLENGES
"Day one of the first-ever Jeddah Retail Forum heard that the sector faces huge challenges as Saudi Arabia prepares to enter the World Trade Organization and grapple with a changing environment. The two-day conference.. ..reviewed trends and the potential prospects of Saudi Arabia's retail sector, the largest in the Arab world.. ..Improving the retail sector can benefit the Saudi economy, particularly in terms of job creation.. ..The Saudi Retail Forum is the first event arranged in Saudi Arabia by MEED, which will organize about 20 conferences on various business topics throughout the Middle East in 2004.." Complete report..

KINGDOM TO INVITE TENDERS FOR RAILWAY PROJECT
"Tenders for the railway expansion project will be invited soon after a contract with the legal consultant has been signed, Transport Minister Dr. Jabara Al-Seraisry said.. ..The Kingdom has already appointed a consortium consisting of the Union Bank of Switzerland and the National Commercial Bank to provide financial advisory services for the project. The multibillion-dollar project comprises a land bridge linking Jeddah to Dammam via Riyadh and another rail link between the holy cities of Makkah and Madinah via Jeddah. Several international and national companies have expressed interest in participating in the projects.." Complete report..
~~GulfWire Link~~
EIGHT LOCAL, INT'L FIRMS COMPETE FOR RAILWAY PROJECTS - GWD Jan 13, 2003

KINGDOM SEEKS FRENCH INVESTMENT IN POWER SECTOR
"Saudi Arabia is inviting French companies to invest in the Kingdom's power sector. The sector needs SR200 ($53) billion for new power projects over the next 20 years. Deputy Minister of Water and Electricity Abdullah A. Al-Hussayen inaugurated a Saudi-French seminar on public-private partnership jointly organized by the Ministry of Water and Electricity and the French Embassy in collaboration with the French Foreign Trade Advisors and the Saudi-French Business Council.. ..The dialogue was in line with the strategic alliance between the two countries whose foundation was laid during the landmark visit of French President Jacques Chirac to the Kingdom in 1996.." Complete report..

AUSTRALIA HOPES TO RESUME SHEEP EXPORTS
"Australia has submitted draft guidelines for the resumption of livestock trade with Saudi Arabia in the hope of stemming its losses, Australian Ambassador Robert Tyson has said. Canberra last year suspended export of livestock to Saudi Arabia after the Kingdom rejected a shipment of Australian sheep found to be contaminated, sending the 57,000 rejected animals on an epic journey of the region's seas.. ..The draft document will help to avoid a repeat of the Saudi-Australian debacle. Australia's trade with Saudi Arabia was worth $124 million annually, making the Kingdom the largest market for Australian livestock.." Complete report..
~~GulfWire Link~~
SAUDI SHEEP SHIPMENTS ON HOLD - GWD Sep 08, 2003

KINGDOM AND NORWAY AGREE TO COOPERATE ON OIL PRODUCTION
"The Kingdom and Norway, two of the world's leading oil exporters, has agreed to liaise more closely on oil production. The agreement came during talks yesterday in Riyadh between Norwegian Minister of Petroleum and Energy Einar Steensnaes and Saudi Minister of Petroleum & Mineral Resources Ali Al-Naimi. The two countries have said they will coordinate their positions and work together to maintain oil price stability.. ..The talks between the two follow a call five weeks ago from Steensnaes, while in Moscow, for OPEC and non-OPEC producers to join forces to boost production and bring oil prices down to help the global economy.." Complete report..

XENEL SIGNS DEAL WITH TECNIMONT
"Xenel Industries [Mar 3] signed an SR800 ($213) million contract with Italian Tecnimont to build a polypropylene plant in the Yanbu Industrial City. The plant is named Teldene. Owned by the National Petrochemical Industrial Company (NATPET), Teldene is planned to start commercial production at the end of 2006 with an annual capacity of 400-420,000 tons.." Complete report..

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Business - UAE

DIFX SIGNS DEAL WITH FOUR GLOBAL GIANTS
"Dubai International Financial Exchange (DIFX) took a giant step forward [Mar 3] with the signing of an agreement to promote the creation of the regional exchange. It signed a memorandum of understanding with four international financial institutions.. ..The DIFX, the first major international exchange to establish in the Middle East, will be a fully electronic marketplace for equities, bonds, funds and derivatives.." Complete report..
~~GulfWire Link~~
DIFC REGULATORY BODY IMMINENT - GWD Feb 16, 2004

UAE INVESTS OVER $11B TO BUILD INDUSTRIAL BASE
"The UAE has pumped at least $11 billion into its non-oil manufacturing sector over the past three years within a drive to build an industrial base and ease reliance on unstable crude export earnings, according to government statistics. Most of the investments were channeled by the private sector, which has become the focus of a government program to diversify the oil-reliant economy and ensure a stable income in the long term.. ..Such heavy investments, which have steadily grown over the past 15 years, have sharply expanded the manufacturing sector to become the second largest component of the gross domestic product after oil and gas.." Complete report..

NCC CALLS FOR PRIVATIZING EMPOST
"The National Consultative Council (NCC) [Mar 1] reiterated the call for privatization of Emirates Post. The issue of door-to-door mail delivery, raised by council members from Abu Dhabi, dominated the [Mar 1] session chaired by Speaker Abdullah Mohammed Al Masood. Mohammed Rashid Al Nassiri, one of the members, urged the partial privatization of the corporation, arguing that such a move would help improve Empost services.." Complete report..

UAE'S BANKING SECTOR SETS EMIRATIZATION TARGET
"The UAE's banking sector has been set a formidable Emiratization target of 50 percent within four years. Ahmed Humaid Al Tayer, UAE Minister of Communications, is optimistic the target will be met.. ..The average Emiratization level in the banking sector was 26 percent.. ..The committee set an incremental Emiratization rate of 4 percent a year for the banks, to reach the 50 percent mark within four years.." Complete report..

DUBAI TO ESTABLISH SPORTS CITY TO AIM FOR 2016 OLYMPICS
"Dubai on [Mar 1] unveiled an ambitious project to develop the Dh7 ($1.9) billion Dubai Sports City, the world's first multi purpose-designed sports city. The Dubai Sports City, scheduled to be completed within four years, will be spread over a 4.6-million-square-meter area as a cornerstone project of Dubailand, a 185 million-square-meter project.. ..the facility will help Dubai in its bid for 2016 Olympics.." Complete report..

BOAT SHOW ATTRACTS LEADING PLAYERS
"..Marine tourism is growing rapidly in the UAE as Gulf nationals and Europeans flock to enjoy the pleasant climate during the winter months.." Complete report..

DUBAI TO HOLD REAL ESTATE EXHIBITION
"Dubai will hold an annual real estate exhibition and conference in collaboration with the Saudi Research and Marketing Group and sponsored by Eqtisadiah business daily.. ..The aim is to provide a forum where new ideas are discussed and investors share their experience of marketing real estate in the Arab world.. ..The conference.. ..will start on May 11 and is expected to be the largest in its kind in the Arab World.."  Complete report..
                                                              
                                      
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