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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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Council on U.S.-Arab Relations
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U.S.-GCC Corporate Cooperation Committee
Secretary: Dr. John Duke Anthony
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from the Emirates Center for Strategic Studies and
Research
[more]
on ArabiaLink.com
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News
- Region
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SUMMIT
PREP MEET GIVES COMMITMENT FOR DEMOCRACY,
FREEDOM OF EXPRESSION
"Arab governments have given a
written commitment to democracy, equality
for all citizens, freedom of expression
and rights of women, according to a
document published [May 13].. ..An Arab
League official said Arab foreign
ministers had worked hard to reach
agreement on the document, which goes way
beyond any previous joint Arab
position.." Complete
report..
~~GulfWire Link~~
SIX
GULF ARAB STATES TO HOLD MINI-SUMMIT - GWD
May 10, 2004
AMMAN
CONFERENCE SLAMS FLAGRANT VIOLATIONS IN
IRAQ
"Parliament speakers from eight
countries neighboring Iraq ended a two-day
conference on Iraq [May 13] by condemning
as 'flagrant violations' the recently
divulged abuses by the US-led troops on
Iraqi prisoners. They also called for
removal of 'terrorist groups' from Iraq
that pose threat to neighboring states..
..The conference grouped speakers of
legislatures in Saudi Arabia, Jordan,
Kuwait, Egypt, Syria, Bahrain, Iran and
Turkey as well as representatives for the
IPU and the UN Secretary-General Kofi
Annan.." Complete
report..
Also:
BUSH
SHOULD HAVE SACKED RUMSFELD, SAY ARABS
RUMSFELD
VISITS ABU GHRAIB PRISON
~~GulfWire Link~~
BUSH
APOLOGIZES, CALLS ABUSE 'STAIN' ON NATION
- GWD May 10, 2004
WEF
MEETING TO DEAL WITH ARAB REFORMS
"..The issue of reforms has taken
centre stage because the spiraling
violence in Iraq and between Israel and
the Palestinians has forced regional
economic cooperation projects onto the
backburner, analysts said.." Complete
report..
FIRM
AGAINST TERROR.. FOR REFORM - GULF SCOPES
FUTURE
"..Delivering the keynote address at
a two-day international conference on the
'Future of the Middle East' Sheikh Sabah
said the aftermath of Sept 11 saw the
world giving more attention to combating
all forms of terrorism amidst calls for
political, social and economic reforms.
Another challenge facing the region,
according to the Kuwaiti Premier is the
situation in Iraq and its effects on
Iraq's neighbors.. ..He said differences
between several countries and the US over
its policies in the region should be
tackled in a manner beneficial to the
interests of both sides.." Complete
report..
MIDEAST
DEMOCRATIZATION SHOULD BE HOMEGROWN, SAYS
PANEL
"The process of democratization in
the Middle East should be gradual,
homegrown and not decreed from outside,
analysts and politicians said at forum on
the region's future held in Kuwait this
weekend. Delegates said Washington's
Greater Middle East plan for reform in the
Arab world contained serious omissions,
and they criticized other projects
described as promoting democracy.."
Complete
report..
'THE
MIDDLE EAST IS CHANGING'
"This past weekend, King Abdullah of
Jordan played host to many dignitaries,
including U.S. Secretary of State Colin L.
Powell, at a World Economic Forum meeting
held at the Dead Sea. In his hotel suite,
the young monarch spoke to Lally Weymouth
of Newsweek and The Post. Excerpts..
POWELL,
QOREI HOLD UNPRECEDENTED TALKS TO REVIVE
PEACE PROCESS
"US Secretary of State Colin Powell
held groundbreaking talks [May 15 in
Amman] with Palestinian Prime Minister
Ahmed Qorei to reassure him that
Washington did not back off from its
vision for an independent Palestinian
state.. ..Powell also reassured Qorei that
the final status issue would be resolved
by Israel and the Palestinians and said
Bush would like to see a Palestinian state
set up by 2005.." Complete
report..
~~GulfWire Link~~
PUSH
TO REVIVE MID-EAST ROADMAP - GWD May 10,
2004
POWELL
DENOUNCES ISRAEL'S DESTRUCTION OF
PALESTINIAN HOMES
"Secretary of State Colin L. Powell
rebuked Israel on [May 16] for its policy
of destroying Palestinian homes, which he
said was counterproductive to U.S. efforts
to generate new movement on a stalled plan
for Middle East peace.." Complete
report..
POWELL
CRITICIZES ARAB GOVERNMENTS - SAYS
RESPONSE TO BERG KILLING INSUFFICIENT
"..Powell said he has made clear,
specifically to Arab leaders, that
systematic torture of prisoners is
unacceptable anywhere. Yet, he said, their
denunciation of the killing of Nicholas
Berg, kidnapped while in Iraq seeking
business for his Pennsylvania
communication company, fell far short of
their attacks on the United States for the
treatment of detainees at Baghdad's Abu
Ghraib prison.." Complete
report..
ARAB
PRESS FREEDOM IS 'CASUALTY IN WAR AGAINST
TERRORISM'
"The September 11 attacks not only
left a deep impact on the USA, but also on
the Arab media as regimes in the region
tightened their grip on press freedom,
according to Salah Edin Hafedh, secretary
general of the Arab Journalists' Union.
The regimes used the US war against terror
to silence the media using the pretext of
measures to avoid giving a platform to
terrorists.." Complete
report..
POWELL:
U.S. TO COMMAND POST-JULY 1 IRAQI TROOPS
"The United States expects the Iraqi
Ministry of Defense to put its troops
under the command of an American
"multinational force commander"
after the July 1 establishment of an
interim government in Baghdad, Secretary
of State Colin Powell said on [May 16]..
..He said if the Iraqi authorities asked
the U.S. troops to leave, they would, but
stressed this was a hypothetical
question.." Complete
report..
US
TO TURN OVER SADDAM TO IRAQ BY JULY
"The head of Iraq's war-crimes
tribunal said [May 11] that the United
States has pledged to hand over Saddam
Hussein and about 100 other suspects to
Iraqi authorities by June 30. The United
States plans to return sovereignty to a
new Iraqi government by that date. Salem
Chalabi told reporters that trials would
begin early next year.." Complete
report..
Also:
U.S.,
TRIBUNAL DISAGREE ON SADDAM HANDOFF
~~GulfWire Link~~
IRAQI
TRIBUNAL TO TRY SADDAM HUSSEIN - GWD Apr
26, 2004
UN
INSPECTORS SEE SIGNS IRAN MAY HAVE TRIED
TO MAKE BOMB-GRADE URANIUM
"UN atomic energy inspectors see a
pattern of radiation contamination in Iran
which could indicate attempts to enrich
uranium to bomb-grade level, diplomats
close to the agency said.. .. The report
is due in mid-May, possibly next week, and
comes as International Atomic Energy
Agency inspectors are completing months of
investigations into US allegations that
Iran is secretly developing nuclear
weapons. The IAEA is to hold a meeting of
its 35-nation board of governors in Vienna
on June 14.." Complete
report..
~~GulfWire Link~~
U.N.
NUCLEAR INSPECTOR HEADS TO IRAN - GWD Apr
5, 2004
US
SLAPS SANCTIONS ON SYRIA
"US President George W. Bush imposed
economic sanctions on Syria [May 11] for
allegedly supporting terrorism and failing
to stop anti-US guerrillas from entering
Iraq.. ..The sanctions ban US exports
other than food and medicine, freeze the
assets of certain Syrian nationals and
entities and restrict US banking relations
with the Arab nation.." Complete
report..
Also:
REVIEW
SYRIA SANCTIONS, GCC URGES US
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News
- Bahrain
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SOCIETIES
CALL OFF PETITIONS CAMPAIGN
"Bahrain's political societies [May
14] abandoned their campaign to petition
His Majesty King Hamad for constitutional
changes. The announcement from Al Wefaq
Islamic Society president Shaikh Ali
Salman came after a rally demanding the
release of 14 people held in custody for
collecting signatures for the petition was
called off. Shaikh Ali told the GDN he was
optimistic that the government would now
take a positive step and release the
prisoners.." Complete
report..
Also:
PETITIONS
DRIVE 'WILL CONTINUE'
~~GulfWire Link~~
16
ARRESTED FOR SEEKING RELEASE OF SUSPECTS -
GWD Apr 26, 2004
A
VOTE FOR THE FUTURE
"Bahrain's MPs voted [May 13] to make
education compulsory for six- to
15-year-olds. Education in government
schools is free, but has never been made
compulsory. But it will be under the new
Education Law.. ..MPs also voted for the
formation of a Supreme Council for
Education, to develop educational services
to meet changing needs.." Complete
report..
FUNDS
NEEDED TO IMPLEMENT STOCKHOLM CONVENTION
RULES
"Bahrain has a tight policy when it
comes to managing the use, disposal and
trading in polluting chemicals but still
needs funding to the tune of nearly
$350,000 to fully implement the Stockholm
Convention for persistent organic
pollutants (POPs) which the Kingdom signed
two years ago.." Complete
report..
BAHRAIN
DEFENSE FORCE GETS FIRST FEMALE COLONELS
"Two Bahraini female officers from
the Ministry of Defense were promoted to
the rank of Colonel [May 11] making them
the first women in Bahrain to hold such a
rank in Bahrain Defense Force (BDF)..
..Brig Dr Sheikh Salman told Gulf News
that the awarding of such ranks reflected
the government and command realization of
the pivotal role women play in shaping the
country's future.." Complete
report..
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News
- Kuwait
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KUWAIT
APPROVES NEW DRAFT LAW GIVING WOMEN THE
VOTE
"Kuwait approved a draft law on [May
16] allowing women to vote and run in
parliamentary polls, moving them a step
closer to full political rights they have
been seeking for decades in the
conservative Gulf Arab state.. ..The
government of Prime Minister Sheikh Sabah
al-Ahmad al-Sabah, the emir's brother, has
made clear since taking power in July it
is committed to pushing political and
economic reforms in Kuwait, which has
one-tenth of global oil reserves.." Complete
report..
~~GulfWire Link~~
KUWAIT
APPROVES ALLOWING WOMEN THE RIGHT TO VOTE
IN SOME ELECTIONS - GWD Oct. 20, 2003
KUWAIT
DRAFTS LAW TO GIVE WOMEN VOTING RIGHTS -
GWD Sep. 29, 2003
KUWAIT
WOMEN TO CAST BALLOTS IN MOCK VOTE - GWD
Jul. 7, 2003
WOMEN
WAIT FOR RIGHT TO VOTE IN KUWAIT - GWD
Dec. 9, 2002
KUWAITI
COURT REJECTS VOTE FOR WOMEN - GWD Jan.
22, 2001
KUWAITI
WOMEN IN VOTING RIGHTS PROTEST - Feb. 18,
2002
KUWAIT
WARNS TEHRAN; MISSION MEETINGS RISK TIES
"Meetings at the Tehran mission here
between Iranian officials and Kuwaiti
Shiite Muslim leaders are an interference
in Kuwait's internal affairs and could
harm bilateral ties, the country's foreign
minister warned in comments published [May
12].. ..The reports claimed that senior
members of the National Islamic Alliance,
a political opposition group with alleged
ties to the international fundamentalist
Shiite group Hezbollah, took part in the
meetings.." Complete
report..
BAN
VISAS FOR UNDER-30 WOMEN
"The Ministry of Social Affairs and
Labor instructed the labor departments not
to issue work permits to ladies under
thirty years of age belonging to a number
of Arab countries.. ..Sources said the
ministry took the decision in
co-ordination with the ministries of
Interior and Foreign Affairs based on the
complaints received at the ministry on the
abuse of South African ladies.." Complete
report..
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News
- Oman
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OMAN'S
CHARMS LURE TOURISTS TO TROUBLED GULF
"Nestled at the bottom of the Arabian
Peninsula and blessed by the monsoon
rains, Oman seems like an oasis in the
troubled Gulf region of the Middle East.
Suddenly, Oman has awakened to realize it
has some precious and salable assets. An
increasing number of visitors see it as a
rare tourist destination that offers a
pristine environment of desert, mountains
and sea with a unique history.." Complete
report..
~~GulfWire Link~~
OMAN
ALLOCATES $30M TO PROMOTE TOURISM - GWD
Oct 13, 2003
MOOSA
TO TAKE PART IN GENEVA SESSION OF WORLD
HEALTH ASSEMBLY
"The Sultanate will participate in
the 57th World Health Assembly (WHA),
which is set to meet in Geneva [May 17].
Dr Ali bin Mohammed bin Moosa, minister of
health, will head the delegation to the
six-day meeting.. ..The minister added the
annual program of experts who will be sent
by World Health Organization to the
Sultanate would be decided during the
meeting.." Complete
report..
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News
- Qatar
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GULF
MUST EMBRACE REAL REFORMS, US MUST STAY:
QATARI FM
"Gulf Arab states must embrace real
political, economic and democratic reforms
before they are imposed by external
pressure.. ..Sheikh Hamad bin Jassem
al-Thani told a symposium on 'The Region
and the Future.. ..If the Americans leave,
who would then guarantee the stability of
this region? It will not
stabilize'.." Complete
report..
FORUM
ON EMPLOYMENT TO BEGIN ON JUNE 21
"Minister of Economy and Trade H E
Sheikh Mohamed bin Ahmed Al Thani said the
first forum on employment of national
cadres will be held at the Qatar
International Exhibition Center from June
21 through 23 with the aim of enhancing
the national economy.. ..The idea of the
forum was adopted to cope with the state's
interest in the issue of national labor
and replacing foreign labor force with
national cadres in the public and private
sectors.." Complete
report..
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News
- Saudi Arabia
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AMBASSADOR
CAUTIONS NOT TO CONDEMN ALL AMERICANS FOR
ACTIONS OF FEW
"In response to questions from Saudi
media concerning the treatment of Iraqi
prisoners by U.S. soldiers in Abu Ghraib
prison in Baghdad and the decapitation of
U.S. citizen Nicholas Berg, Ambassador to
the United States Prince Bandar bin Sultan
said the following: ..we should now
condemn only those who committed these
horrendous acts against Iraqi prisoners,
and make clear that they do not represent
the majority of the U.S. military.." Complete
report..
SAUDI
OFFICIAL CONDEMNS BERG DECAPITATION
"..Speaking in Arabic on [May 12] to
the Saudi media in Jiddah, the Saudi
summer capital, Prince Bandar said the
al-Zarqawi group, which took
responsibility for the execution, was
"a criminal, deviant and un-Islamic
group allied with (Usama) bin Laden and
the criminals of Al Qaeda.'" Complete
report..
KINGDOM
BLASTS BUSH REMARKS ON PALESTINE STATE
"Saudi Arabia [May 10] blasted US
President George W. Bush for questioning
an internationally agreed target date for
Palestinian statehood, saying it would
lead to further delay of the Middle East
peace road map.. ..Bush said.. ..the
establishment of a Palestinian state might
be delayed past the 2005 deadline, as the
internationally backed road map was no
longer realistic.." Complete
report..
~~GulfWire Link~~
PUSH
TO REVIVE MID-EAST ROADMAP - GWD May 10,
2004
MILITANTS
AIM TO TOPPLE REGIME: SAUDI PRINCE
"A leading member of the Saudi royal
family warned [May 12] that the aim of
groups behind a series of deadly terror
attacks in Saudi Arabia was to overthrow
the regime.. ..said Prince Talal bin
Abdulaziz. 'If they succeed in capturing
power in Saudi Arabia, all Gulf Arab
states and other Arab countries will be
affected,' because Saudi Arabia is the
seat of Islam, he told a press conference
here.." Complete
report..
SAUDI
DENIES COMPOUND CLASH, SAYS GUARD FIRED
SHOTS
"Saudi Arabia said Saturday a guard
had fired shots outside a Riyadh compound
housing Western expatriates but denied any
clash with gunmen and said no arrests had
been made.." Complete
report..
Also:
GUNMEN
SEIZED AT RIYADH COMPOUND
WHY
THE SAUDIS MAY NOT RESCUE OIL MARKETS THIS
TIME
"..Global demand for oil is growing
faster than at any time in the last 15
years, fueled by robust economies in China
and India and a recovery in the United
States, according to the International
Energy Agency. Now energy industry
executives are waiting to see whether
Saudi Arabia can make the difference it
once did.." Complete
report..
Also:
STATEMENT
ON SAUDI OIL POLICY BY ADEL AL-JUBEIR
JEDDAH
STUDENTS MARCH AGAINST TERRORISM
"For the first time in Saudi history,
a peaceful march went ahead in Jeddah as
some 200 students from four National Guard
schools carrying anti-terror banners took
to the streets early [May 10].. ..A source
told Arab News that the march lasted for a
little over an hour, adding that the
police did not interfere.." Complete
report..
NAIF
VOWS CRACKDOWN ON DRUG TRADE
"Saudi Arabia [May 10] vowed to crack
down on the drug trade to protect the
Kingdom's youth.. ..The prince appeared
primarily to blame illegal residents in
the Kingdom for the problem.. ..Saudi
Arabia recently announced its drug
enforcement agency foiled an attempt to
smuggle in more than five tons of hashish
in the largest drug bust in the Kingdom's
history.." Complete
report..
~~GulfWire Link~~
BIGGEST
EVER DRUG BUST IN RIYADH - GWD Apr 19,
2004
SAUDI
MINISTRY OF EDUCATION TO LAUNCH TV STATION
"Ministry of Education will soon
launch a satellite TV station with the aim
of fighting terrorism and extremist ideas
and to train members of the young
generation on how to conduct productive
dialogue with other members of the
society.. ..According to the plan, the
station will focus on educational programs
to help the youth to adopt a more positive
view of life.." Complete
report..
CENSUS
TO START ON SEPT. 15
"The general census, scheduled to
start on Sept. 15, will be decisive in
determining the Kingdom's economic policy
for the next 10 years, according to
Economy and Planning Minister Khaled
Al-Gosaibi.. ..From now on a census would
be conducted every 10 years as is the case
in most advanced economies.." Complete
report..
SAUDIS
'EASE MIXED MARRIAGE LAW'
"Saudi Arabia's Consultative Council
has endorsed a new immigration bill which
would make mixed marriages easier by
allowing Saudi women to keep their
citizenship upon marrying foreigners. The
proposed legislation would also enable
foreign women who marry Saudi men to apply
for nationality. On the other hand,
foreign residents will not be able to
apply for citizenship until they have
lived in Saudi Arabia for at least 10
years - instead of the current requirement
of five years.." Complete
report..
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News
- UAE
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HRCC
AUTHORIZED TO STUDY HUMAN RIGHTS
VIOLATIONS
"Members of the Dubai-based Human
Rights Care Council (HRCC) will be
authorized to directly engage in studying
human rights violations by various
agencies and suggest mechanisms to solve
them, a meeting of the HRCC was told on
[May 13].. ..Members of the HRCC in
January accepted their new
responsibilities, at the helm of which is
to spread the culture of human rights in
the community. The area of specialization
covers all the UAE.." Complete
report..
CITY
TALK: COMPULSORY ARABIC WILL HELP BRIDGE
CULTURE DIVIDE
"As the Ministry of Education and
Youth plans to introduce compulsory Arabic
courses up to Grade XII in public and
private schools, the concerns of students
and parents are growing. All school
students in the UAE, whether they are
Arabs or non-Arabs, might be forced to
write the same advanced examination in
Arabic, a decision hailed and scorned at
the same time by a cross-section of the
people.." Complete
report..
SISTER
CITIES FORUM OPENS [MAY 15]
"Dubai is hosting [May 15], for the
first time, some 600 delegates to the
Sister Cities Forum. The event is expected
to further strengthen ties among cities of
the world.. ..Senior officials from 11 key
cities around the world will take part in
the forum. Twinning protocols and
cooperation accords with some of the
world's top cities enhance Dubai's
reputation as a finance and business
center.. ..The municipality is considering
holding the event once in every two
years.." Complete
report..
~~GulfWire Link~~
LOS
ANGELES CULTURAL BODY TAKES DUBAI AS
SISTER CITY - GWD May 3, 2004
UAE
STOPS ISSUING VISAS TO SOMALIS
"The United Arab Emirates has banned
Somalis from entering the Gulf state..
..The official said the ban was valid for
one month but it was not clear if it would
be renewed.." Complete
report..
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Link
of the Week / GulfWire
Flashback - Four Years of GW
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LINK
OF THE WEEK
"Ask
an Expert"
Energy
Information Administration
|
~~~Flashback~~~
..from the GulfWire archive..
|
<<ONE
YEAR AGO>>
GULFWIRE DIGEST #197 WEEK OF MAY 19, 2003
TERRORIST
BOMBINGS ROCK SAUDI ARABIA
"Explosions hit a U.S.-Saudi business
and three housing compounds used by U.S.
and other foreign residents Monday night
and early today in Riyadh, the capital of
Saudi Arabia, hours before Secretary of
State Colin L. Powell was to arrive there
to discuss Middle East peace efforts and
the war against terrorism, according to
reports from the kingdom.."
<<TWO
YEARS AGO>>
GULFWIRE DIGEST #148 WEEK OF MAY 27,
2002
MILITARY
BIDS TO POSTPONE IRAQ INVASION
"The uniformed leaders of the U.S.
military believe they have persuaded the
Pentagon's civilian leadership to put off
an invasion of Iraq until next year at the
earliest and perhaps not to do it at all..
..Franks told the president that invading
Iraq to oust Saddam Hussein would require
at least 200,000 troops, far more than
some other military experts have
calculated.."
<<THREE
YEARS AGO>>
GULFWIRE DIGEST #98 WEEK OF MAY 28, 2001
SAUDI
KING EXPANDS ADVISORY COUNCIL FOR SECOND
TIME
"..appointed an expanded 120-member
consultative Shura council.. ..starts a
four-year term on Saturday. It replaces a
90-member body.."
<<FOUR
YEARS AGO>>
GULFWIRE DIGEST #45 WEEK OF MAY 15, 2000
KINGDOM
SIGNS OIC TREATY ON COMBATING TERRORISM
"Saudi Arabia today (May 7, 2000)
signed the Organization of the Islamic
Conference (OIC) Treaty on Combating
International Terrorism, the first member
state to do so.."
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Business
- Region
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[GulfWire]
ENERGY FUTURES - 05.14.04
Light Crude (NYM) $41.30 bbl UP from $38.60 bbl on
05.07.04
Brent Crude (IPE) $37.86 bbl UP from $36.34 bbl on
05.07.04
Heating Oil (NYM) $1.0409 gal UP from $0.988 gal on
05.07.04
Natural Gas (NYM) $6.401 mmbtu UP from $6.15 mmbtu
on 05.07.04
Unleaded Gas (NYM) $1.4101 gal UP from $1.3155 gal
on 05.07.04
Source:
CNNfn

The Best Energy
Resource in the World:
Country
Analysis Briefs
by DOE/EIA
OIL
SETS ANOTHER RECORD
"U.S. crude reaches $41.83 a barrel before
retreating as Iraq, India add to global
jitters.." Complete
report..
OIL
HITS NEW 13-YEAR HIGH
"U.S. oil prices struck new 13-year highs above
$40 a barrel on Wednesday as the market remained
concerned over tight supplies, despite a call by the
world's biggest exporter for OPEC to raise output
next month. U.S. light crude climbed to a peak at
$40.38 a barrel, less than $1 off the all-time high
for New York crude futures at $41.15, reached in
October 1990 after Iraq invaded Kuwait.." Complete
report..
Also:
'FEAR
FACTOR' SEEN BOOSTING OIL PRICES
NO
OPEC CONSENSUS SEEN ON OUTPUT RISE
"OPEC President Purnomo Yusgiantoro said on
[May 13] there was no consensus yet among members to
increase the group's official production ceiling as
proposed by Saudi Arabia, but Indonesia supported
the rise. Saudi Arabia, the world's top exporter,
said on [May 10] the cartel should increase supply
limits by at least 1.5 million barrels per day (bpd)
to cool sizzling oil prices at 13-year highs and
prevent any derailing of global economic
growth.." Complete
report..
Also:
OPEC
CONSULTS MEMBERS ON SAUDI CALL, NO DECISION YET
~~GulfWire Link~~
SAUDI
ARABIA CALLS FOR RISE IN OIL PRODUCTION - GWD May
10, 2004
GULF
STATES URGED TO INTRODUCE VAT
"The GCC states and other Arab nations need to
impose value added taxes within overall economic
reforms to offset volatile oil prices and ensure
balance in their deficit-ridden fiscal systems..
..Jassim Al Manai, Chairman of the IMF-style Arab
Monetary Fund (AMF), said introduction of VAT on
consumers should be a key element in economic and
fiscal reform programs being carried out in the
region.." Complete
report..
DOHA
TRADE TALKS SHOWING SIGNS OF LIFE AFTER FARM ACTION
"The Doha round of global free-trade talks
showed signs of getting off the ground here [May 14]
following US and EU moves on agriculture, with
developing countries coming under pressure to open
their markets.. ..The framework for an agreement on
agriculture was emerging, an EU source said, adding
that an EU proposal earlier this week to eliminate
EU agricultural export subsidies on condition that
the United States, Canada and Australia do likewise
had helped move the talks forward.." Complete
report..
~~GulfWire Link~~
GCC
AND EU TO RESUME TALKS ON FREE TRADE ZONE - GWD Mar
15, 2004
WEF
TO FOCUS ON MIDEAST REFORM
"The second consecutive conference of the
Davos-based World Economic Forum (WEF) kicks off on
Jordan's side of the Dead Sea [May 15] with the
participation of more than 1,300 prominent
political, business and civil leaders, including six
heads of state and 30 ministers.. ..the WEF meeting
is expected to focus discussion on Middle East
reforms as sought, with different visions, by the
United States and the European Union.." Complete
report..
GCC,
LEBANON SIGN FREE TRADE ACCORD
"Lebanon and the oil-rich Gulf Cooperation
Council (GCC) signed a free trade agreement [May 11]
to promote trade through eliminating customs
barriers. The agreement is the first of its kind
between the six-nation alliance - grouping Saudi
Arabia with Bahrain, Kuwait, Oman, Qatar and the
United Arab Emirates - and another Arab
country.." Complete
report..
~~GulfWire Link~~
KUWAIT
SEES GCC FREE TRADE ACCORD WITH EU THIS YEAR - GWD
May 10, 2004
GULF
AIR AHEAD OF TARGET AND CLOSE TO BREAK-EVEN
"Gulf Air has revealed ambitious plans to
launch flights to North America as figures released
[May 11] confirmed the strength of its recovery from
near financial oblivion. The troubled airline's main
focus in the early stages of its turnaround plan
launched about 18 months ago had been
survival.." Complete
report..
~~GulfWire Link~~
GULF
AIR BOARD SATISFIED WITH RESCUE PLAN - GWD Sep 15,
2003
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Business
- Bahrain
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FOCUS
ON INDUSTRIAL POTENTIAL
"Over 65 industries and production units have
registered for the 'Made in Bahrain Exhibition and
Industrial Expo' to be held on May 25-28 under the
patronage of the Prime Minister, Shaikh Khalifa bin
Salman Al Khalifa.. .. The first exhibition was
organized in 1995 and second in 2000. The
forthcoming event will offer an opportunity to the
industrial community to showcase their products and
services.." Complete
report..
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Business
- Kuwait
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KUWAIT
TO PUMP PAST OPEC QUOTA
"Kuwait will raise oil production to its
maximum capacity in a bid to lower prices, and it
believes other OPEC members should be the same, the
country's energy minister, Sheikh Ahmed Fahd
Al-Ahmed, said [May 12]. His announcement means
Kuwait will exceed its OPEC quota of 1.8 million
barrels a day and increase its output to about 2.4
million barrels a day.." Complete
report..
~~GulfWire Link~~
KUWAIT
SET TO BOOST OIL OUTPUT - GWD Mar 15, 2004
KPCI
PROFITS AT RECORD
"The Kuwait Petroleum Company International
(KPCI) profits for the financial year 2003-2004 hit
remarkable record with total up to $70 million
compared to loss of $98 million the year before.
KPCI said in a statement released in Kuwait City
[May 14].. ..KPCI operational profits before
deduction of interests, taxes and currency
differentials, totaled $116.8 million.." Complete
report..
~~GulfWire Link~~
KUWAIT
PETROLEUM CORPORATION JOINS TSI TO BOOST WORLD
SULPHUR MARKET DEVELOPMENT - GWD May 10, 2004
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Business
- Oman
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OMAN
TAPS NEW TECHNOLOGY TO BOOST OIL OUTPUT
"Oman is tapping new technology to arrest a
decline in oil output and boost production..
..Petroleum Development Oman (PDO), the country's
premier explorer and producer, is embarking on a
drive to steam inject oilfields and remove excess
water in a bid to arrest oil decline and boost
production.. ..the company was faced with a
challenge of eliminating increasing amounts of water
coming out of its wells, which in some fields, make
up 90 percent of the contents.." Complete
report..
~~GulfWire Link~~
OMAN
TO SPEND $730M TO ARREST OIL OUTPUT DECLINE - GWD
Apr 19, 2004
VIETNAM
OMAN SIGN MAJOR TRADE PACT
"Representatives of Viet Nam and Oman signed a
bilateral trade agreement on [May 13] in Hanoi.
Participants said the agreement will boost trade,
which has remained low since the two countries
established diplomatic relations 12 years ago. Under
the pact each nation will give the other most
favored nation (MFN) status, creating a framework
through which the two countries can enhance their
trade ties.." Complete
report..
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Business
- Qatar
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CABINET
NOD FOR MUTUAL FUND TRADING RULES
"The stage is set for the implementation of a
new investment law that would allow expatriates and
non-resident foreigners to indirectly invest in the
shares of listed Qatari companies via mutual funds
as the state cabinet has cleared the memorandum of
rules of the new legislation.. ..DSM officials have
long been pressing the authorities concerned to
involve expatriates in local share trading with the
twin purpose of checking the huge inflow of
remittances as well as to bolster the small
bourse.." Complete
report..
QASCO
SIGNS PURCHASE DEAL WITH LKAB
"Qatar Steel Company (QASCO) inked on [May 13]
a long-term contract for the purchase of a total of
3.5 million tons of iron ore pellet over the next
six years with Swedish firm,
Luossovaara-Kiirunavaara AB (LKAB).. ..Sheikh Nasser
bin Hamad said the long-term purchase of the iron
ore pellet from 2005-2010 will support QASCO's
ambitious expansion project.." Complete
report..
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Business
- Saudi Arabia
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ARAMCO-IFP
PACT TERMED SIGNIFICANT
"A leading oil expert whose comments in 2003
helped spark the current debate over reserves said
[May 16] he is convinced that Saudi Aramco has
extensive reserves and predicted 'the last drop of
oil' ever produced would come from Saudi Arabia.
Oliver Appert, chairman and CEO of Institut Francais
du Petrol (IFP) made the remarks after a ceremony
marking a memorandum of understanding between IFP
and Saudi Aramco. The agreement links the world's
largest oil producer with one of the world's most
sophisticated petroleum research and engineering
organizations.." Complete
report..
KINGDOM
LICENSES NEW PETROCHEMICAL COMPANY
"The government has licensed a new
petrochemical joint-stock company based in Riyadh
with a capital of SR1.5 billion ($400 million) as
part of efforts to boost the private sector's
participation in the national economy. Commerce and
Industry Minister Hashem Yamani licensed the firm,
which has a total of 30 million shares.. ..A total
of 138 founders have bought 80 percent of shares,
and the remaining 20 percent of shares.. ..will be
sold to the public through banks.." Complete
report..
HIGH
OIL PRICES FUEL SAUDI BUILDING BOOM, NCB REPORTS
"The same high oil prices jeopardizing the
global economy have sparked a building boom in Saudi
Arabia, the world's leading oil producer.. ..The
Saudi government nearly doubled its capital projects
spending from last year.. .. The bulk of the money
will be spent on much-needed hospitals, schools and
sewage and desalination plants.." Complete
report..
CAC
PULLS PLUG ON TRAVEL AGENTS
"The Civil Aviation Commission shut down the
online operations of dozens of travel agencies [May
11]. This was only the first in a series of measures
against travel agents failing to submit up-to-date
details of their staff to the Supreme Commission for
Tourism by the May 10 deadline.. ..according to
Muhammad Ahmad Al-Ghamdi, the director of the SCT..
..50 to 60 percent of travel agencies had not
submitted a list of their staff despite repeated
reminders.." Complete
report..
~~GulfWire Link~~
TRAVEL
AGENCIES FACE CLOSURE FOR FAILURE TO COMPLY WITH SCT
ORDER - GWD Apr 19, 2004
FRENCH
FIRMS EYE BIG STAKE IN SAUDI MARKET
"..French investment in the Kingdom is
estimated at $1.2 billion, making France the third
largest investor in Saudi Arabia. Late last year, a
consortium led by Total of France and Royal
Dutch-Shell signed a landmark agreement with the
Kingdom for gas exploration and production in Rub
Al-Khali (or Empty Quarter). Now French Foreign
Trade Minister Francois Loos, leading a 30-member
business delegation, has been here to drum up even
more business.." Complete
report..
BANK
FINED $25M FOR ALLEGED VIOLATIONS TIED TO RIYADH
ACCOUNT
"Federal regulators fined Riggs Bank a record
$25 million on [May 13] for allegedly violating
anti-money laundering laws in its handling of tens
of millions in cash transactions in Saudi-controlled
accounts under investigation for possible links to
terrorism financing.." Complete
report..
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Business
- UAE
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NEW
FEDERAL DECISIONS TO REGULATE MARKET
"The UAE has told companies trading their
shares in the market or those seeking to be listed
they must increase their capital to more than Dh25
($6.8) million. The move was part of a series of new
federal cabinet decisions announced at the start of
the week designed to regulate local share trading
and end malpractices that have scared off investors
and stifled activity. The new rules effectively
ended over-the-counter trading.." Complete
report..
ETISALAT
JOINS GLOBAL ALLIANCE FOR INTERNET SECURITY
"Etisalat [May 15] announced that it became the
first corporation in the Middle East and Africa to
obtain membership of the Forum of Incident Response
and Security Teams (FIRST), a global alliance of
Computer Security Incident Response Teams (CSIRT)
which collaborates and shares information to protect
members against online threats, viruses and
hacking.." Complete
report..
DIFC
TIES UP WITH NEXUS CAPITAL IN $260M VENTURE
"Dubai International Financial Center (DIFC)
and Nexus Capital - a prominent financial services
firm headquartered in Switzerland - have joined to
create the $260 million "The Hexagon", a
real estate complex here. The partnership will aim
to attract foreign direct investment (FDI) in the
DIFC.. ..The center has already received commitments
from many of the world's top financial services
companies, including AON, Credit Suisse, Standard
Chartered and Julius Baer.." Complete
report..
FOREIGN
TELECOM FIRMS EYE UAE MARKET
"Close on the heels of liberalizing telecom
policy by Government of UAE, markets are agog with
rumors of two leading companies planning to make
foray in to UAE. The companies are Egypt based
Orascom Telecom Holding SAE (OTH) and Kuwait-based
MTC (popularly known as MTC-Vodafone). Along with
these names it is reported that various telecom
companies are shifting their focus on to the UAE
markets.." Complete
report..
~~GulfWire Link~~
UAE
THROWS OPEN TELECOM SECTOR - GWD Apr 19, 2004
NATIONALS
URGED TO BOOST PRIVATE SECTOR PRESENCE
"The Ministry of Labor and Social Affairs plans
to crack down on sleeping partners in local business
ventures. Matar Humaid Al Tayer, Minister of Labor
and Social Affairs, in an exclusive interview to
Gulf News and the Arabic language daily Al Khaleej,
said the system is not appropriate and the rule
governing it should be amended for public
interest.." Complete
report..
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