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ABOUT
GULFWIRE |
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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
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U.S.-GCC Corporate Cooperation Committee
Secretary: Dr. John Duke Anthony
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Catalog of
Publications
from the Emirates Center for Strategic Studies and
Research
[more]
on ArabiaLink.com
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News
- Region |
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ARAB
LEAGUE WEIGHS RESCHEDULING SUMMIT
"Arab League Secretary-General Amr Moussa
is expected to tour Arab capitals in the days
ahead to discuss plans for a summit in the wake
of the cancellation of a meeting that was to
begin [Mar 29] in Tunisia.. ..As part of
consultations on holding the league summit
before the G8 meeting in early June, Mubarak met
Saudi Foreign Minister Prince Saud al-Faisal and
the Arab League secretary-general in Cairo on
[Mar 29] to discuss rescheduling the
summit.." Complete
report..
Also:
MUBARAK
PUSHES TO HOLD ARAB SUMMIT IN MAY
LEADERS
TRY TO SALVAGE SUMMIT
SAUDI
ARABIA WANTS FRESH SUMMIT
QATAR
CABINET PRESSES CASE FOR EARLY ARAB SUMMIT
FRESH
ARAB SUMMIT THIS MONTH, SAYS PRINCE SAUD
~~GulfWire Link~~
ARAB
SUMMIT POSTPONED - GWD Mar 29, 2004
US
AGREES TO SEEK NEW UN RESOLUTION ON IRAQ
"The United States said for the first time
on [Apr 1] it expects a new U.N. resolution over
Iraq before a sovereignty handover in response
to Western allies' pressure for Washington to
seek a U.N. mandate. Countries such as France
and Spain have said they did not want to be
involved in Iraq after the July 1 handover
without a new U.N. resolution underpinning the
international community's presence there..
..Secretary of State Colin Powell said the
United States now expected the measure to be
passed before it formally transfers power to an
Iraqi government.." Complete
report..
Also:
U.S.
RELYING ON U.N.'S HELP WITH IRAQ EXIT PLAN
US
OFFENSIVE TO 'PACIFY' FALLUJAH
"US troops have launched a big offensive
against Iraqi insurgents in the Sunni flashpoint
town of Fallujah. They have sealed off the town
where four Americans were killed and their
bodies mutilated by a mob last week. Unconfirmed
reports say several people were killed when a US
warplane dropped bombs on a residential area of
the town after a mortar attack on troops. The US
command has vowed to 'pacify' Fallujah.." Complete
report..
Also:
IRAQI
CLERIC CONDEMNS MUTILATION OF FOUR SLAIN U.S.
CIVILIANS
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Future
of Global Oil Supply: Saudi Arabia
A
Conference Hosted at the Center for
Strategic and International Studies on
Feb. 24, 2004
[more]
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IRAQI
SECURITY OFFICIALS TARGETED
"The police chief of a Baghdad suburb was
shot to death Saturday morning after leaving his
home in the Iraqi capital, less than 24 hours
after another police chief was gunned down in
southern Iraq.. ..Later [Apr. 3], six
unidentified gunmen attacked a police patrol in
Mahmudiyah, killing an officer and wounding
three others.." Complete
report..
~~GulfWire Link~~
ASSASSINATION
BID ON IRAQI MINISTER - GWD Mar 29, 2004
IRAQ
PROTESTS END IN 20 DEATHS
"At least 20 people have been killed and
more than 100 injured in clashes between
Spanish-led troops and Iraqi demonstrators in
the city of Najaf.. ..The crowd was protesting
in support of firebrand cleric Moqtada Sadr. The
US administrator in Iraq, Paul Bremer, said
protesters had 'crossed the line and moved to
violence'. The BBC's Barbara Plett in Baghdad
says the clashes marked the most serious
confrontation between the occupation forces and
members of Iraq's Shia majority.." Complete
report..
Also:
SHIAS
MARCH AGAINST US IN BAGHDAD
PETRAEUS
TO GET KEY JOB IN IRAQ
"Maj. Gen. David H. Petraeus, who spent
most of the past year in Iraq as commander of
the 101st Airborne Division, is being sent back
to that country to oversee the organization and
training of all Iraqi military and security
forces.. ..Petraeus is being given charge of a
major component of the U.S. exit strategy for
Iraq -- developing Iraqi forces strong enough to
maintain security and thereby permit the
withdrawal of U.S. troops.." Complete
report..
U.N.
NUCLEAR INSPECTOR HEADS TO IRAN
"The chief of the U.N. atomic agency headed
to Iran on [Apr 5] for talks with top Iranian
officials in a fresh effort to lay to rest
lingering suspicions that Tehran is running a
nuclear weapons program. Mohamed ElBaradei,
director-general of the International Atomic
Energy Agency, traveled to Iran amid indications
of continued nuclear cover-ups and signs that
even previously reluctant U.S. allies are moving
closer to Washington's view that Tehran should
be penalized.." Complete
report..
|
Developments
in Iraq at the End of 2003:
Adapting U.S. Policy to Stay the Course
By Anthony H. Cordesman
[Click
Here] |

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IRAN
URANIUM PLANT SPARKS NEW ROW
"Iran has hit back after European criticism
of its decision to set up a uranium conversion
plant near Isfahan. UN ambassador Pirooz
Hosseini told Reuter's news agency the plant was
not in breach of Iran's commitment to suspend
uranium enrichment. On [Mar 31] the UK, Germany
and France issued a joint statement saying the
plant's creation sent the wrong signal to the
international community.." Complete
report..
~~GulfWire Link~~
IRAN
STOPS BUILDING CENTRIFUGES - GWD Mar 29, 2004
EMIR
TO OPEN DEMOCRACY CONFERENCE
"The Emir H H Sheikh Hamad bin Khalifa Al
Thani will inaugurate and address the 4th Qatar
Conference on Democracy and Free Trade at the
Ritz-Carlton, Doha, [Apr 5].. ..the conference
would deal with vital issues related to
democracy and free trade in the region.." Complete
report..
~~GulfWire Link~~
QATAR'S
4TH ANNUAL CONFERENCE ON FREE TRADE AND
DEMOCRACY: CONTEXT AND PERSPECTIVE - GWP - Apr.
2, 2004
GULF
STATES URGED TO RAISE RETIREMENT AGE OF
NATIONALS
"Public pension schemes in the Gulf need a
shake-up, experts have warned, while calling for
a restructuring of the benefits for nationals
who retire early. Social security or pension
funds provisions cannot be safeguarded unless
there is change to the benefits on early
retirement, experts said.. .. The problem arises
because in the Gulf's public pension schemes,
retirement ages are low.." Complete
report..
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News
- Bahrain |
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GRAN
PRIX - BRAVO BAHRAIN
"A big 'thank you' to the people of Bahrain
went from Crown Prince and BDF
Commander-in-Chief Shaikh Salman bin Hamad Al
Khalifa [Apr 4]. The Gulf Air Bahrain Grand Prix
could not have been such a success without
them.. ..He said the event had sent out a
message to the world. 'We have managed to make
an impression about Bahrain being a civilized
and well-developed nation through this
extravaganza and having a GP in Bahrain is
something extraordinary everyone should be proud
of'.." Complete
report..
Also:
BAHRAIN
GRAND PRIX TO DRAW 40,000
BAHRAIN
BANS CHAMPAGNE
BAHRAINI
ACTIVIST RELEASED, SAYS HE IS BEING FRAMED
"The spokesman for the National Committee
for Martyrs and Torture Victims Abdulraoof
Abdullah Ahmed Al Shayeb accused the authorities
of trying to frame him shortly after he was
released.." Complete
report..
Also:
BAHRAIN
ACTIVISTS CLOSE RANKS TO DEFEND COMRADE
BAHRAIN
ISSUES FOREIGN WORKERS' GUIDE
"A manual aimed at educating expatriate
workers on their rights and a leaflet on how to
protect them from the exploitation of
unscrupulous employers have been issued by the
government.. ..The manual is aimed at educating
expatriate workers about the legislation and
facilities provided by the government to ensure
their safety and well-being, said Nationality,
Passports and Residence Affairs public relations
head Nasser Al Thawadi.." Complete
report..
200
PROFESSIONS TO BE BAHRAINIZED
"Around 200 technical professions will be
fully Bahrainized after the implementation of a
new vocational education and training (VET)
system. Objectives of the proposed VET system
are to increase the ability of Bahrainis to
obtain work, to enable them to get
internationally recognized qualifications..
..Four phases of the implementation action plan
of the VET system would be completed within two
years.." Complete
report..
BAHRAIN
BANS PASSION OF THE CHRIST
"The people of Bahrain will not be able to
see the controversial film The 'Passion of the
Christ', following a ban the Ministry of
Information slapped on its screening here. The
decision was taken on the basis of the
recommendations of the ministry's censor board
representatives who stressed that the film by
Mel Gibson depicted Prophet Jesus in an
'un-Islamic manner'.." Complete
report..
CENTRAL
GOVERNOR, 57 DIES AT HIS OFFICE
"Central Governor Shaikh Abdul Rahman bin
Saqr Al Khalifa was found dead early [Apr 1] at
his office in Isa Town, apparently of a heart
attack.. .. Shaikh Abdul Rahman was appointed
Central Governor in March 2002 after serving for
two years as Northern Governor. Prior to that he
had worked at various Interior Ministry posts
for over 25 years.." Complete
report..
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News
- Kuwait |
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US
OFFICIAL HAILS STRONG STRATEGIC TIES WITH KUWAIT
"An official celebration will be held in
Washington [Apr. 1] to mark Kuwait as a major
non-NATO ally, the only country with this status
honored with an official ceremony. The
designation of Kuwait as a major non-NATO ally
by the United States reflects the fact that the
two countries have and would continue to enjoy
an important strategic partnership.." Complete
report..
Also:
SECRETARY
RUMSFELD REMARKS RECOGNIZING KUWAIT
KUWAIT
EXPECTS MILITARY PRIORITY FROM U.S.
"Kuwait expects that its new status as
major non-NATO U.S. ally will grant the sheikdom
priority in weapons procurement and intelligence
exchange. Kuwaiti officials said the Bush
administration has accorded greater importance
to the Kuwaiti designation than to the 11 other
countries deemed major non-NATO allies of the
United States.. ..Kuwaiti Chief of Staff Gen.
Fahd Al Amir said the status would provide
Kuwait priority in a range of military issues.
He said the two countries were discussing the
potential of the status for expanding strategic
relations.." Complete
report..
KUWAIT
PREMIER STEPS IN TO DEFUSE SHIITE-SUNNI TENSION
"Kuwait's prime minister is due to meet..
..with the emirate's leading Islamic group as
part of efforts to defuse growing tension
between Sunni and Shiite Muslims in the wealthy
Gulf state.. ..Sheikh Sabah al-Ahmad al-Sabah
has already held talks with several leading
figures of the two denominations after
hardliners in both camps appeared to have
ignited sectarian tension in the tiny
emirate.." Complete
report..
Also:
KUWAIT
PM TO EASE SHIA-SUNNI ROW
KUWAITI
MPS ASK FOR SECURITY COVER
" Members of the National Assembly's Budget
Committee have criticized guards of the
Parliament and demanded a comprehensive security
system to ensure the safety of MPs.. ..members
of the committee criticized the recent attack
and verbal assault on MP Jassem Al Kandari
inside the premises of the Parliament. Convenor
of the Committee MP Jamal Al Omar assured the
parliamentarians that adequate precautionary
measures will be taken to avoid the repetition
of such unsavory incidents.." Complete
report..
"THE
PASSION OF THE CHRIST" STIRS RELIGIOUS
CONTROVERSY IN KUWAIT
"A religious scholar in Kuwait issued a
fatwa demanding the banning of the film 'The
Passion of the Christ', by Mel Gibson from being
screened in the Islamic world, in addition to
prohibiting Muslims from watching it, saying
anyone who has seen the movie must 'repent'..
..The Muslims regard Jesus as one of the three
great prophets of god, along with Mohammed and
Moses, and consider it a sin to mimic them. They
also consider it a sin to concoct information
about a prophet for making a film or a
play.." Complete
report..
~~GulfWire Link~~
TOP
SHIITE ASKS KUWAIT TO SHOW 'PASSION'- GWD Mar
29, 2003
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News
- Oman |
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MAJLIS
MULLS ISSUES RELATED TO OIL PRODUCTION
"The Economic Committee of the Majlis Al
Shura [Apr. 4] held its sixth meeting of the first
sitting for the year 2003-04 under the
chairmanship of Salim bin Saeed Al Ghattami,
committee chairman. The committee discussed
the Sultanate's oil production averages and
problems facing the sector due to the noticeable
reduction in oil production. It also touched
on production cost for Petroleum Development Oman
(PDO) and the Sultanate's crude oil reserves, in
addition, to challenges and obstacles facing the
sector.." Complete
report..
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News
- Qatar |
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QATAR
TELLS ARABS TO CONSIDER AMERICAN REFORM PROPOSALS
"Arab states should consider American
proposals for democratic reform rather than
rejecting them outright, the ruler of United
States ally Qatar said [Apr 5]. Emir Sheikh Hamad
bin Khalifa al-Thani also said Arabs could no
longer use the Israeli-Palestinian conflict and
security fears to justify delaying much-needed
political, social and economic change.." Complete
report..
GERMAN
TRAVEL SHOW TO FILM IN QATAR
"Qatar Tourism Authority (QTA) is hosting the
popular German travel show "Bulthaupt
in.." for a filming trip in Qatar.." Complete
report..
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News
- Saudi Arabia |
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KINGDOM
GETS CLEAN BILL OF HEALTH FROM FATF
"Saudi Arabia said [Mar 31] that it had
received a clean bill of health from the Financial
Action Task Force (FATF) on money laundering and
terror funding.. ..Saudi Arabia is a member of
FATF, an inter-governmental body set up by a Paris
summit of the G-7 industrialized nations in 1989
and whose money laundering duties were expanded
after 9/11 to include combating terrorist
financing. Saudi Arabia has taken a number of
anti-money laundering measures in recent
years.." Complete
report..
Also:
REPORT
PRAISES SAUDI ANTI-TERROR FINANCE MEASURES
SAUDI
ARABIA'S ROLE IN COMBATING TERRORISM
Saudi
Arabia and the Fight Against Terror Financing
AUTHORITIES
FREE THREE ACTIVISTS
"Authorities have released three of the
activists arrested two weeks ago for alleged
incitement. They are Muhammad Saeed Tayyeb, Dr.
Tawfeeq Al-Qusayer and Suleiman Al-Rashoodi..
..Police arrested a dozen activists on March 16.
Half of them were released within a couple of
days, while another three remain in detention.
Interior Minister Prince Naif had earlier denied
reports that Riyadh released the activists under
foreign pressure, adding the activists were held
for making provocative statements and contacting
'foreign parties'.." Complete
report..
~~GulfWire Link~~
SAUDI
ARABIA DETAINS REFORMERS - GWD Mar 22, 2004
|

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ABDULLAH'S
VISIT TO OPEN NEW ERA IN SAUDI-AUSTRIAN TIES
"Crown Prince Abdullah, deputy premier and
commander of the National Guard, begins an
official visit to Vienna [Mar 31]. 'I am fully
confident that Prince Abdullah's visit will herald
a new era in the distinguished relations between
our two countries,' Austrian President Thomas
Klestil said.." Complete
report..
Also:
ABDULLAH
BEGINS VISIT TO AUSTRIA
INTERVIEW-ARID
SAUDI ARABIA STRUGGLING TO CUT WATER USE
"The parched desert kingdom of Saudi Arabia
will launch a major water conservation drive this
summer aiming to halve consumption in a million
homes.. ..Vice Minister of Water and Electricity
Abdullah al-Hussayen.. ..said the government is
also reviewing price tariffs for its precious
water supplies, which are either pumped from
reservoirs deep underground or processed at costly
desalination plants, and then virtually given
away.." Complete
report..
~~GulfWire Link~~
WATER
TARIFFS TO BE INTRODUCED WITHIN TWO YEARS: GOSAIBI
- GWD Mar 10, 2003
HOUSING
CRISIS LOOMS IN RIYADH
"A severe housing shortage looms in Riyadh,
according to Minister of Planning and Economy Dr.
Khaled Al-Gosaibi. The minister said there will be
a shortage of 270,000 housing units by the end of
the Seventh Five-Year Plan ending next year. Al-Gosaibi
said the Saudi Real Estate Development Fund
granted loans worth SR135 ($36) billion for the
construction of housing units.." Complete
report..
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News
- UAE |
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UAE
SHUTS DOWN COMPANY FOR ALLEGED NUKE LINKS
"The United Arab Emirates has shut down a
Dubai-based computer firm that allegedly helped
Libya and Iran develop their nuclear programs..
..President Bush said in February that SMB Group
was a front for proliferation of nuclear
components.. ..'All SMB-related accounts have been
frozen,' Central Bank Governor Sultan Nasser
al-Suweidi told reporters on the sidelines of a
financial conference in Abu Dhabi.." Complete
report..
Also:
UAE
CENTRAL BANK CRACKS THE WHIP
CHEMICAL
IMPORT RULES TO BE STRICTER
"Rules governing the arrival of chemicals in
the UAE are to be made stricter.
A two-day workshop will discuss the impact of
chemical weapons and the enforcement of stricter
rules to control the import of chemicals and other
hazardous products in the emirates. The workshop
is being organized and patronized by the Ministry
of Foreign Affairs, UAE Armed Forces Headquarters
and the National Committee for the Prohibition of
Chemical Weapons.." Complete
report..
PHILIPPINES
TO OPEN CONSULATE IN DUBAI
"The Philippine Department of Foreign Affairs
(DFA) confirmed on [Mar 31] that it will be
opening a Consulate General in Dubai.. ..Dubai is
home to an estimated 60,559 Overseas Filipino
Workers (OFWs), while the total documented OFWs in
the UAE is pegged at 165,258.." Complete
report..
TRAINING
TO KEEP TERROR AT BAY
"The war on terror will be a long one and 'we
are well-prepared to counter any attack', said a
senior French military officer heading a navy task
force on a joint military exercise with UAE
forces.. ..The mission dubbed 'Operation Agapanthe'
left Toulon, France, on March 1, with the aim of
training the naval force for a prolonged period
far from its usual bases.
The operation is also aimed to conduct joint
training with the air and naval forces of the Gulf
countries.." Complete
report..
NCC
SEEKS PENSION RULE CHANGES
"Rules governing pension plans and
end-of-service benefits for UAE nationals in the
private sector are set to be relaxed to encourage
more nationals to find jobs with non-government
organizations.. ..The council unanimously agreed
to approach the Abu Dhabi Retirement, Pension and
Benefits Fund to remove any difference between its
regulations and the Federal Law No. 2 for 2000 to
bring it into line.." Complete
report..
UAE
TO BAN PUBLIC SMOKING SOON
"Smoking in public places including
restaurants, cafes and nightclubs will soon be
banned throughout the UAE.. ..In the UAE, the ban
has already come into force at many government
buildings and is likely to be extended to all
other public places by the end of the year. A
study is underway to find the best means of
imposing the ban in Dubai and Sharjah.." Complete
report..
'PASSION'
BREAKS BOX OFFICE RECORDS IN UAE
"Mel Gibson's The Passion of the Christ broke
box-office records in the UAE with over 66,321
admissions in three days, shattering the record
set by Matrix Reloaded with 59,000. Cinemas in the
UAE usually have just 45,000 admissions on
weekends.." Complete
report..
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to top |
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Link
of the Week / GulfWire Flashback
- Four Years of GW |
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LINK
OF THE WEEK
Middle
East Policy Council - Resources/Educational Links
|
~~~Flashback~~~
..from the GulfWire archive.. |
<<ONE
YEAR AGO>>
GULFWIRE DIGEST #191 WEEK OF
APRIL 7, 2003
ARABS
WARY OF ROLE IN A NEW IRAQ
"Arab nations likely will avoid participation
in the postwar administration of Iraq, fearing a
link to an eventual U.S. occupation would signal
their acceptance of a war broadly opposed by their
citizens.. ..Arab leaders now say they are unable to
take a public or private role in rebuilding
Iraq.."
<<TWO YEARS AGO>>
GULFWIRE DIGEST #142 WEEK OF APRIL 8,
2002
US
CREDIBILITY AT STAKE, SAYS ABDULLAH
"'We told the US secretary of state that
Washington should take the initiative to implement
President George W. Bush's statement calling for the
immediate withdrawal of Israeli forces from the
occupied Palestinian land,' the crown prince said..
..In a statement after talks with Secretary of State
Colin Powell [in Morocco] on [April 8], the Crown
Prince Abdullah said a quick US action to stop the
Israeli aggression was necessary to protect
Washington's credibility in the Arab and Islamic
worlds and its interests in the region.."
<<THREE YEARS AGO>>
GULFWIRE DIGEST #92 WEEK OF APRIL
9, 2001
BAHRAIN
PANEL BEGINS REFORM PROCESS
"Sweeping changes to bring about long awaited
political, economic and social changes to take the
island into the 21st century are now under way. The
process started this week with the committee
entrusted with the task of implementing the National
Action Charter to bring about these changes deciding
to take up some of the issues.."
<<FOUR YEARS AGO>>
GULFWIRE DIGEST #39
WEEK OF APRIL 3, 2000
WTO
ACCESSION TALKS - SAUDI ARABIA
"Saudi Arabia's accession to the World Trade
Organization was at least two years off according to
WTO deputy director general Paul-Henri Ravier in
comments cited by AFP on March 28. Ravier,
speaking at an economic conference in the UAE said
Saudi Arabia and the WTO were to meet again this
week, adding, 'It will certainly not be the last..
..We have at least two more years to go.'"
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Business
- Region |
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[GulfWire]
ENERGY FUTURES - 04.02.04
Light Crude (NYM) $34.50 bbl DOWN from $35.73 bbl on
03.26.04
Brent Crude (IPE) $30.06 bbl DOWN from $31.99 bbl on
03.26.04
Heating Oil (NYM) $.855 gal DOWN from $.8861 gal on
03.26.04
Natural Gas (NYM) $5.895 mmbtu UP from $5.496 mmbtu on
03.26.04
Unleaded Gas (NYM) $1.068 gal DOWN from $1.1246 gal on
03.26.04
Source:
CNNfn

The Best Energy Resource
in the World:
Country
Analysis Briefs
by DOE/EIA
OPEC
DEFIES US; GOES AHEAD WITH OUTPUT CUT
"OPEC ministers agreed [Mar 31] to cut their daily
oil production by one million barrels, defying US calls
for a delay to help rein in high energy prices. Oil
ministers from the 11-nation Organization of Petroleum
Exporting Countries (OPEC) decided at a meeting at the
cartel's headquarters to stick to a decision taken on
February 10 in Algiers to reduce their production ceiling
to 23.5m barrels per day (b/d) from April 1.." Complete
report..
Also:
U.S.
REBUKES OPEC FOR REJECTING OIL OUTPUT REQUEST
OIL
PRICES WILL DECLINE TO $25-$28: SAUD AL-FAISAL
SAUDI:
DON'T BLAME OPEC FOR U.S. GAS PRICES
OPEC
SPLIT ON OIL CUT POLICY AS PRICES DECLINE
SAUDI
FACES GULF SHOWDOWN ON OPEC OIL CUT
KUWAIT
CALLS FOR DELAYING OPEC OUTPUT CUT
OPEC
WILL REVIEW MARKET CONDITION IN MAY: NASSIRI
"..'OPEC will review the situation in the world oil
market in a meeting on the sidelines of the international
energy forum in Amsterdam on May 22 and during its next
extraordinary meeting in Beirut on June 3,' UAE Minister
of Petroleum and Mineral Resources, Obeid bin Saif Al
Nassiri.." Complete
report..
ARAB
GAS CONSUMPTION SET TO OVERTAKE OIL DEMAND IN 2005
"Gas consumption in the Arab world is set to overtake
oil demand in 2005 as many regional countries are
switching to the cleaner source of energy in power
generation and other sectors.. ..The bulk of the demand
growth will be recorded in the UAE, Saudi Arabia, Egypt
and other countries with relatively high energy
consumption and steady growth in their industrial
sector.." Complete report.." Complete
report..
SAFETY
FEARS HALT IRAQ TRADE FAIR
"A massive trade fair in Baghdad has been cancelled
just days before it was to start, after the US State
Department warned it could by targeted by rebels. The
State Department told US firms that 'terrorists do not
distinguish between official and civilian targets'.. ..The
decision is a blow to US efforts to attract global
investors to Iraq, as many were expected at the
event.." Complete
report..
~~GulfWire Link~~
1,100
EXHIBITORS TO TAKE PART IN 'REBUILD IRAQ TRADE FAIR'- GWD
Jan 12, 2004
IMPACT
OF THE WEAK DOLLAR ON GULF ECONOMIES
"The US dollar has lost 5 percent of its value
against the euro in 2002 and a further 16 percent last
year, reaching a low of $1.295 to the European currency
before settling in a trading range of $1.20-1.25.. ..The
weaker US dollar also has a direct impact on the fiscal
position of the region's oil producing countries. Most of
government revenues come from oil while a growing
proportions of government expenditures goes on goods and
services from countries of the European Union, the UK and
Japan, all of which have seen their currencies surge
against the dollar.." Complete
report..
ETHYLENE
CAPACITY IN MIDEAST RISES
"The ethylene capacity in the Middle East has grown
from 3.9 million metric tons (MT), or 5.4 percent of the
global capacity in 1993 to 9 percent of the global
capacity in 2003. The capacity could go up to 18 million
MT or around 15 percent of global capacity by 2010..
..Saudi Arabia is the third largest global ethylene
producer.. ..Ethylene is the building block for a number
of petrochemicals.." Complete
report..
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Business
- Bahrain |
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$530M
COMPANY TO DEVELOP DESERT SPA
"The Ministry of Finance and National Economy and the
Bahrain-based investment bank Gulf Finance House (GFH)
[Apr 3] signed an agreement setting up a holding company
with an authorized capital of over $530 million. The new
holding company is aimed to develop the $600 million Al
Areen Desert Spa & Resort Project in Bahrain.. ..The
heart of the entire development will be the Oasis Spa
Resort covering 300,000 square meters offering the entire
array of health, spa and therapeutic facilities.." Complete
report..
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Business
- Kuwait |
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KUWAIT
SET FOR LARGEST REVENUES IN 25 YEARS
"Kuwait appears well set for posting the largest
fiscal revenue in more than 25 years on the back of high
oil prices and a rise in production.. ..The emirate is
expected to finish the fiscal year that ended on March 31
with total revenues of 6.90 billion dinars ($23 billion),
the largest since 1979.." Complete
report..
UNITED
AVIATION AWARDED KUWAIT'S FIRST PRIVATE AIR OPERATOR
CERTIFICATE
"Luxury business jet charter airline United Aviation
said it has become the first private airline operator to
secure Air Operator Certification (AOC) from Kuwait's
Directorate General of Civil Aviation (DGCA). In doing so,
United Aviation is only the second airline to be awarded
AOC by the DGCA in the 50 years since Kuwait Airways was
first certified.." Complete
report..
~~GulfWire Link~~
KUWAIT
APPROVES PRIVATE AIRLINE - GWD Mar 22, 2004
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Business
- Oman |
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OMAN
ON TARGET TO REVERSE OIL PRODUCTION DECLINE
"Oman is well on target to reverse oil production
decline with new discoveries and state-of-the-art drilling
technologies in an effort to gradually increase output
from 2005. Oil Ministry officials said that new
technologies and discovered fields would increase
Sultanate's oil production by 50,000 barrels per day from
2005.. ..With new developments in the energy sector, Oman
is set to arrest oil production and increase its gas
output.." Complete
report..
~~GulfWire Link~~
OMAN
OIL OUTPUT TO INCREASE - GWD Jan 5, 2004
PGS
ANNOUNCES MERGING OF GULF OF OMAN BLOCKS
"PGS in cooperation with the Government of the
Sultanate of Oman, represented by the Ministry of Oil and
Gas (MOG) announced that two of the deepwater/transition
blocks formerly offered as part of the Gulf of Oman
Licensing Round in 2003 have been merged.. .. All seismic
data will be made available in two data packages. Bids are
requested by the MOG by Sept. 1.." Complete
report..
ABB
'PULLS OUT OF OMAN VENTURE
"ABB Lummus Global has pulled out from a joint
venture to build Oman's $230 million polypropylene plant..
..Oman Polypropylene is a joint venture set up in 2002
where state-run Oman Oil Company (OOC) holds 60 per cent
stake and South Korea's LG Engineering holds 20 per cent.
ABB had a 20 per cent shareholding.." Complete
report..
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Business
- Qatar |
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QATAR
GAS SEEKS TO TIE UP DEALS FOR 57 LNG CARRIERS
"Qatar Liquefied Gas Company Ltd (Qatar gas), Qatar's
first and major liquefied natural gas (LNG) company, is
looking for a consortium of shipbuilders to build 57 LNG
carriers in the coming years.. ..Industry sources said,
Korean yards are far more likely to go it alone, but could
end up having a consortium with the Japanese
shipbuilders.." Complete
report..
~~GulfWire Link~~
QATAR
TO SPEND $25B TO BOOST LNG EXPORT CAPACITY - GWD Jul 28,
2003
US
FIRM HIRED TO STUDY PROBLEMS FACING PRIVATE SECTOR
"A prominent American consultancy firm is being hired
by the Ministry of Economy and Commerce to study the
problems facing the private sector in Qatar and recommend
ways to create conditions conducive for its growth. A
statement issued by the ministry said [Mar 30] a formal
contract with Bain & Company, a global business
consultancy firm based in USA, will be concluded [Mar
31].." Complete
report..
QATAR
AIRWAYS SIGNS CODE-SHARE DEAL WITH MIDDLE EAST AIRLINES
"Qatar Airways and Middle East Airlines (MEA) have
signed a code sharing agreement that will enable MEA
passengers to fly with Qatar Airways between Beirut and
Doha. The arrangement took effect on March 28.. ..Qatar
Airways also has code sharing agreements with Malaysian
Airlines, Philippines Airlines, Alitalia, Biman Bangladesh
Airlines and Garuda Indonesia.." Complete
report..
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Business
- Saudi Arabia |
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SAUDI
ARABIA WILL NOT ALLOW SHORTAGES IN OIL MARKET
"Saudi Arabia said on [Mar 31] it would not allow oil
shortages that would harm world economic growth, despite
its support for production cuts through OPEC.. ..Saudi
Arabia, OPEC's most influential member, was seen as
leading a cartel move to cut production by about 4
percent. The Bush administration criticized the action,
after asking OPEC to delay production cuts because of
record-high US retail gasoline prices.." Complete
report..
Also:
SAUDI
ARABIA WILL ACT TO COUNTER ANY OIL SHORTAGE: PRINCE BANDAR
SAUDIS
STILL AWAIT CAPITAL MARKETS LAW
"Implementation of Saudi Arabia's capital markets
law, a key reform of its oil-rich economy, is months
behind schedule with no indication when it may finally
come into effect, bankers and economists say..
..Implementation of last year's law is expected to attract
international banks and ultimately allow direct foreign
ownership of Saudi shares, which for now non-Gulf Arabs
can only hold through mutual funds.." Complete
report..
~~GulfWire Link~~
CORPORATE
GOVERNANCE & THE SAUDI CAPITAL MARKET LAW - GWD Nov 3,
2003
KINGDOM,
CHINA INK WTO PACT
"Saudi Arabia will sign a landmark trade agreement
with Asian economic giant China [Apr 3] as part of
Riyadh's nine-year-long bid to join the World Trade
Organization. Commerce and Industry Minister Dr. Hashem
Yamani will sign the deal in Riyadh with the Chinese
assistant trade minister.. ..Saudi Arabia has so far
signed bilateral agreements with 30 countries and
observers expect the Kingdom would be able to join the
organization as early as the middle of this year.." Complete
report..
~~GulfWire Link~~
KINGDOM
TO LEND CHINA SR180 MILLION - GWD Dec 15, 2003
SAUDI
ARABIA EAGER TO BOOST OIL AND MINING BUSINESS WITH CHINA
"Saudi Arabia is eager to increase oil sales to China
and set up joint refining projects there and mining
ventures in the kingdom, Saudi Oil Minister Ali al-Nuaimi
told the official SPA news agency.. ..The kingdom is also
looking for partnerships with Chinese companies to mine
for phosphate in northern Saudi Arabia and build railway
tracks to transport the raw material to Jubail and Dammam
on the Gulf coast. There it would be used for making
fertilizers that would be shipped to Chinese and Asian
markets, according to Nuaimi.." Complete
report..
~~GulfWire Link~~
KINGDOM,
CHINA LAUNCH JOINT BID TO REACTIVATE ROAD MAP - GWD Oct
27, 2003
ARAR
BORDER REOPENING TO BOOST EXPORTS
"The reopening of the Arar border crossing on the
border with Iraq in July will boost Saudi exports to the
war-torn country and promote trade relations between the
two Arab neighbors.. ..The border post, 340 km southwest
of Baghdad, had been closed since Iraq's 1990 invasion of
Kuwait. It was opened only for pilgrims who come to the
Kingdom for Haj. Saudi exporters now send their goods
through Jordan, and this has increased their transport
cost by eight to 10 percent.." Complete
report..
SAUDI
CHAMBERS CALL FOR WOMEN-ONLY FACTORIES
"The Council of Saudi Chambers of Commerce &
Industry has called for women-only production facilities
in a bid to tap some SR90 billion in investments by Saudi
businesswomen.. ..the council proposed setting up
women-only production centers for clothes, perfumes and
other predominantly feminine products. Such industries
would also create a large number of jobs for Saudi women.
Saudi women's bank deposits are estimated at SR90 ($24)
billion, most of it lying idle because current legislation
severely restricts economic activity for women.." Complete
report..
ESCWA
PROJECTS TO HELP SAUDI WOMEN
"The United Nations Economic and Social Commission
for Western Asia (ESCWA) has launched two projects to
boost the role of women in Saudi Arabia.. ..The first
project is called 'Activating the Role of Women Welfare
Associations' and the second 'Enabling Saudi Women to Join
the Labor Market Through Training the Trainers.' Both
projects are funded by Abdul Latif Jameel Company
Ltd.." Complete
report..
FORUM
CALLS FOR NEW SAUDIZATION STRATEGIES
"The Saudi Job Creation & Human Resources
Development Forum started here [Mar. 29] with a call for
new Saudization strategies. The two-day conference,
organized by the Jeddah Chamber of Commerce & Industry
(JCCI) and the Jeddah Marketing Board (JMB) in conjunction
with Middle East Economic Digest (MEED), focused on the
latest developments in Saudi Arabian human resource
recruitment and development.. ..Amongst the subjects
discussed at the forum were the merits of setting a Saudi
minimum wage.." Complete
report..
CHANNEL
1 ON ARABSAT
"Saudi Arabia signed a deal [Apr 4] with the Arab
Satellite Communications Organization (Arabsat) under
which the state-run TV will be broadcast in most parts of
the world.. ..The accord provides for Channel 1 of Saudi
Television to be broadcast by satellite across Asia and
the Americas and in Africa, Australia and New
Zealand.." Complete
report..
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Business
- UAE |
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ZAYED
ISSUES FINANCIAL FREE ZONES LAW
"A new federal law was issued [Mar 31] which paves
the way for the UAE to become an international financial
center serving the region. The law, issued by President
His Highness Sheikh Zayed bin Sultan Al Nahyan,
effectively removes the barriers to creating financial
free zones in the country and sets out the framework in
which they must operate.. ..The zones will be solely
responsible for any obligations originating from
activities they practice.." Complete
report..
Also:
TEXT
OF THE UAE LAW ON FINANCIAL FREE ZONES
~~GulfWire Link~~
UAE'S
FREE ZONES HOST 4,000 FIRMS - GWD Jan 13, 2004
UAE
MEETING MAY FRAME HAWALA RULES
"A regulatory system to govern the operation of
hawala is expected to be in place within days. A gathering
of international experts from financial and banking
institutions and regulatory bodies from more than 60
countries is scheduled to gather in Abu Dhabi [Apr 3] to
begin consultations, which are expected to result in a
framework to oversee the informal money transfers..
..Late in 2002, the Central Bank issued directives through
public advertisements asking hawala operators to register
with it in a step towards licensing and regulating the
loose hawala system.." Complete
report..
TOURISM
TO GENERATE DH63B ECONOMIC ACTIVITY IN UAE
"Total demand in the UAE's travel and tourism sector
is expected to generate economic activity worth Dh63.2
billion ($17.20 billion) this year, growing (in nominal
terms) to Dh107.6 billion ($29.30 billion) by 2014,
according to a report published by the World Travel and
Tourism Council (WTTC). In its latest report on the UAE,
WTTC has said travel and tourism demand is expected to
grow by 2.5 per cent per annum, in real terms, between
2004 and 2014.." Complete report..
http://www.gulf-news.com/Articles/Business2.asp?ArticleID=116725
~~GulfWire Link~~
DDIA
LAUNCHES TOURISM DEVELOPMENT COMPANY - GWD Nov 3, 2003
DUBAI
LAUNCHES DIAMOND EXCHANGE
"The Gulf emirate of Dubai has launched the region's
first diamond exchange, which will start operations in
April, the Dubai Metals and Commodities Center (DMCC)..
..'The launch of the Dubai Diamond Exchange takes us a
step closer toward our goal to establish Dubai as an
emerging diamond center of excellence,' said DMCC Chief
Executive Officer Tawfiq Abdullah.." Complete
report..
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