Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum speaks at a conference.
Worst over for Dubai -Sheikh Mohammed
DUBAI - Dubai's ruler is not worried about debt restructuring and the United Arab Emirates will stay out of a planned Gulf monetary union, favouring a dollar peg, an interview transcript showed on Thursday.
The economy of the world's third largest oil exporter is expected to see the slowest growth in the Gulf region this year, with banks heavily exposed to a $23.5 billion restructuring of debt-laden state conglomerate Dubai World. When asked whether Dubai needed additional external support to proceed with current restructuring, Sheikh Mohammed bin Rashid al-Maktoum said: "I'm not worried about the company, the company have got the wealth."
"So they have something, and they will come back very very quickly," he said in a transcript of an interview with CNN to be aired on Friday.
Sheikh Mohammed, who is also vice president and prime minister of the UAE federation, did not say which company he was referring to in the transcript provided to Reuters.
Dubai World reached a deal in May with key banks after a multi-billion dollar bailout from the Abu Dhabi emirate but the remaining creditors still await the final terms.
A unit of another conglomerate Dubai Holding, owned by Sheikh Mohammed, has said it might sell assets to deal with its debt after a $6.2 billion loss in 2009.
The loss increased challenges faced by Dubai Holding to meet its obligations, estimated at $14.8 billion out of a total $109 billion owed by the government of Dubai and its entities.
Sheikh Mohammed also indicated he was not concerned about economic challenges in the OPEC member country.
"No, Dubai and UAE, Abu Dhabi and the rest of the emirates are fine, you know, we know it is recession, we know it is (a) challenge and we dealing with it," he said. The second-largest Arab economy is seen expanding by 2.1 percent this year after an estimated 1.4 percent contraction in 2009, lagging behind its regional peers.
GULF UNION
Sheikh Mohammed also said rejoining a planned Gulf monetary union was not on the cards.
"The euro is in trouble and we thought of the Gulf currency and we said, well the UAE said 'not yet' and I think they are right, until we are sure," he said.
"So therefore now we will not change anything for the time being until we see something solid really and profitable," he added.
The UAE quit the plan to launch a single currency in the world's largest crude exporting region last year, after losing its bid to host a joint central bank to Saudi Arabia.
The kingdom, the top Arab economy, plans a currency union with Kuwait, Qatar and Bahrain to boost trade and political leverage and better face the power of Iran.
But the project is now nearly a decade old and officials say the currency is not likely to be launched by 2015.
When asked whether the dollar peg served the country's interests well, Sheikh Mohammed echoed comments by other UAE officials: "Yes, yes and we still believe in the dollar."
The UAE as well as other Gulf oil producers with the exception of Kuwait, decided to peg their currencies to the greenback in
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Ban on U.N. inspectors 'notice' to IAEA -Iran
UAE closes firms violating Iran sanctions
Iran bars two U.N. inspectors
TEHRAN - Iran said on Tuesday its barring of two nuclear inspectors serves as "notice" to the chief of the IAEA, but added Tehran was ready for talks with the UN atomic agency as suggested by France.
"This action (banning the inspectors from entering Iran) is in reality a regulatory notice to (Yukiya) Amano to be careful so that the agency's inspectors do not violate the international entity's charter," the official news agency IRNA quoted Foreign Minister Manouchehr Mottaki as saying in a state television interview.
"Amano should manage the agency professionally," he said, referring to the chief of the UN atomic body, the International Atomic Energy Agency (IAEA).
On Monday, Iran announced it was barring two IAEA inspectors from entering the country, accusing them of filing a "false report" and "leaking information" about Tehran's nuclear programme which the West suspects masks a weapons drive.
The Islamic republic says its nuclear programme is purely for peaceful purposes.
Iran's atomic chief Ali Akbar Salehi said that Tehran told the IAEA at its latest meeting that the inspectors had filed a "totally wrong report and the two be replaced with two other inspectors who can visit the country."
Iran's arch-foe Washington quickly criticised Tehran, saying the ban on the inspectors was "symptomatic of its longstanding practice of intimidating inspectors."
"Reducing cooperation with the IAEA will only deepen the world's concern with respect to its nuclear programme," State Department spokesman Philip Crowley said in Washington.
The ban on inspectors came less than a fortnight after the UN Security Council imposed new sanctions against Iran after a resolution sponsored by the United States.
Top US lawmakers further pressured Iran on Monday as they reached a deal on a series of unilateral punitive measures against Tehran, separate from the UN sanctions.
The US legislation targets firms that provide Iran with refined petroleum products -- like gasoline or jet fuel. Oil-rich Iran relies heavily on imports of petroleum products because of a lack of domestic refining capability.
It could also see non-US banks doing business with certain blacklisted Iranian entities -- including Iran's elite Revolutionary Guards and several banks -- shut out of the US financial system, according to a summary.
The European Union too has imposed separate sanctions against Iran.
But French President Nicolas Sarkozy, whose government backed the UN sanctions, has offered to hold talks with Iran at the IAEA over its atomic programme, including a proposed nuclear fuel swap deal.
Mottaki, in the same state television interview, welcomed Sarkozy's offer.
"We believe there are serious signs that France is willing to conduct an independent action," Mottaki said.
"We see this approach as positive. If there are more serious signs of such a will then Europe can enter a new phase of playing a greater role" in resolving Iran's nuclear issue, he said.
However, his ministry's spokesman, Ramin Mehmanparast, said Sarkozy's offer "contradicts" the stance of the French government of backing the UN sanctions.
Sarkozy told his Russian counterpart at a meeting in Saint Petersburg on Saturday that France was ready "without delay" to hold talks with Iran in Vienna where the IAEA is based.
He reportedly said that the talks can address the fuel swap deal brokered by Brazil and Turkey on May 17 and can also "restart negotiation between Iran and the six powers about the (overall) nuclear issue."
Talks between Iran and the six world powers -- Britain, France, Russia, China, the United States and Germany have been on the backburner since the fuel swap deal hit a deadlock.
The fuel deal, which is a counter proposal to last October's plan drafted by the IAEA, envisages Tehran sending 1,200 kilograms of its low-enriched uranium to Turkey after which Iran would be supplied at a later date with 20 percent enriched uranium by Russia and France.
But this proposal has been cold-shouldered by the United States, France and Russia which have asked for further clarification.
Mehmanparast said Iran will "soon send its response" to their questions.
Iran bars two U.N. inspectors
TEHRAN - Iran said on Tuesday its barring of two nuclear inspectors serves as "notice" to the chief of the IAEA, but added Tehran was ready for talks with the UN atomic agency as suggested by France.
"This action (banning the inspectors from entering Iran) is in reality a regulatory notice to (Yukiya) Amano to be careful so that the agency's inspectors do not violate the international entity's charter," the official news agency IRNA quoted Foreign Minister Manouchehr Mottaki as saying in a state television interview.
"Amano should manage the agency professionally," he said, referring to the chief of the UN atomic body, the International Atomic Energy Agency (IAEA).
On Monday, Iran announced it was barring two IAEA inspectors from entering the country, accusing them of filing a "false report" and "leaking information" about Tehran's nuclear programme which the West suspects masks a weapons drive.
The Islamic republic says its nuclear programme is purely for peaceful purposes.
Iran's atomic chief Ali Akbar Salehi said that Tehran told the IAEA at its latest meeting that the inspectors had filed a "totally wrong report and the two be replaced with two other inspectors who can visit the country."
Iran's arch-foe Washington quickly criticised Tehran, saying the ban on the inspectors was "symptomatic of its longstanding practice of intimidating inspectors."
"Reducing cooperation with the IAEA will only deepen the world's concern with respect to its nuclear programme," State Department spokesman Philip Crowley said in Washington.
The ban on inspectors came less than a fortnight after the UN Security Council imposed new sanctions against Iran after a resolution sponsored by the United States.
Top US lawmakers further pressured Iran on Monday as they reached a deal on a series of unilateral punitive measures against Tehran, separate from the UN sanctions.
The US legislation targets firms that provide Iran with refined petroleum products -- like gasoline or jet fuel. Oil-rich Iran relies heavily on imports of petroleum products because of a lack of domestic refining capability.
It could also see non-US banks doing business with certain blacklisted Iranian entities -- including Iran's elite Revolutionary Guards and several banks -- shut out of the US financial system, according to a summary.
The European Union too has imposed separate sanctions against Iran.
But French President Nicolas Sarkozy, whose government backed the UN sanctions, has offered to hold talks with Iran at the IAEA over its atomic programme, including a proposed nuclear fuel swap deal.
Mottaki, in the same state television interview, welcomed Sarkozy's offer.
"We believe there are serious signs that France is willing to conduct an independent action," Mottaki said.
"We see this approach as positive. If there are more serious signs of such a will then Europe can enter a new phase of playing a greater role" in resolving Iran's nuclear issue, he said.
However, his ministry's spokesman, Ramin Mehmanparast, said Sarkozy's offer "contradicts" the stance of the French government of backing the UN sanctions.
Sarkozy told his Russian counterpart at a meeting in Saint Petersburg on Saturday that France was ready "without delay" to hold talks with Iran in Vienna where the IAEA is based.
He reportedly said that the talks can address the fuel swap deal brokered by Brazil and Turkey on May 17 and can also "restart negotiation between Iran and the six powers about the (overall) nuclear issue."
Talks between Iran and the six world powers -- Britain, France, Russia, China, the United States and Germany have been on the backburner since the fuel swap deal hit a deadlock.
The fuel deal, which is a counter proposal to last October's plan drafted by the IAEA, envisages Tehran sending 1,200 kilograms of its low-enriched uranium to Turkey after which Iran would be supplied at a later date with 20 percent enriched uranium by Russia and France.
But this proposal has been cold-shouldered by the United States, France and Russia which have asked for further clarification.
Mehmanparast said Iran will "soon send its response" to their questions.
Monday, June 21, 2010
Sunday, June 20, 2010
Flooding deaths rise to 132 in southern China
China landslide, floods kill 16
BEIJING- Massive flooding in southern China has killed 132 people and forced 860,000 to flee their homes, and more storms were forecast, the government said Sunday.
Another 86 people are missing and more than 10 million people have been affected since torrential rains began June 13, including those who have been injured, stranded or have suffered property losses, the Ministry of Water Resources said in a news release.
While the death toll was up from 90 on Saturday, the number of evacuees was lower than the previous day's figure of 1.4 million.
China sustains major flooding annually along the mighty Yangtze and other major rivers, but this year's floods have been especially heavy, spreading across nine provinces and regions in the south and along the eastern coast.
Thousands of houses have been destroyed and economic losses have topped 14 billion yuan, the ministry said.
More thunderstorms over the area were forecast from Sunday afternoon late into Monday, according to the official meteorological bureau.
State broadcaster CCTV aired images of rescues performed by boat, truck and helicopter.
Waters have surged passed safe levels in dozens of rivers, including the Pearl River in the heart of China's industrial powerhouse of Guangdong. The strong storms have collapsed reservoirs, overflowed rivers, caused landslides and power outages and damaged highways.
The flooding follows the worst drought in a century for the southern provinces and regions of Yunnan, Guizhou and Guangxi. It left millions without drinking water and destroyed more than 12 million acres (5 million hectares) of crops
BEIJING- Massive flooding in southern China has killed 132 people and forced 860,000 to flee their homes, and more storms were forecast, the government said Sunday.
Another 86 people are missing and more than 10 million people have been affected since torrential rains began June 13, including those who have been injured, stranded or have suffered property losses, the Ministry of Water Resources said in a news release.
While the death toll was up from 90 on Saturday, the number of evacuees was lower than the previous day's figure of 1.4 million.
China sustains major flooding annually along the mighty Yangtze and other major rivers, but this year's floods have been especially heavy, spreading across nine provinces and regions in the south and along the eastern coast.
Thousands of houses have been destroyed and economic losses have topped 14 billion yuan, the ministry said.
More thunderstorms over the area were forecast from Sunday afternoon late into Monday, according to the official meteorological bureau.
State broadcaster CCTV aired images of rescues performed by boat, truck and helicopter.
Waters have surged passed safe levels in dozens of rivers, including the Pearl River in the heart of China's industrial powerhouse of Guangdong. The strong storms have collapsed reservoirs, overflowed rivers, caused landslides and power outages and damaged highways.
The flooding follows the worst drought in a century for the southern provinces and regions of Yunnan, Guizhou and Guangxi. It left millions without drinking water and destroyed more than 12 million acres (5 million hectares) of crops
Dubai to have security cameras 'everywhere'
Dubai top cop wants Mossad head arrested
Dubai police confirm Mossad behind murder
DUBAI - Dubai is to have security cameras "everywhere" following the assassination of a top Hamas commander in January that was blamed on Israel's Mossad spy agency, the emirate's police chief has said.
Dubai currently has 25,000 security cameras, but "surveillance needs to be ramped up to meet the growing requirements of an expanding city," Lieutenant General Dahi Khalfan Tamim was quoted as saying in UAE daily the National on Sunday.
The emirate plans to spend 500 million dirhams t($136 million) his year on security technology this year.
"We need to work according to a well-studied strategic plan and not only react to events as they come along... We will have cameras everywhere," Tamim said.
Hamas commander Mahmud al-Mabhuh was killed at a luxury hotel in the emirate, and Tamim said police were able to track down the suspected killers with the help of security cameras.
"With the al-Mabhuh murder we were able to play back time through the footage captured by cameras," Tamim said. He added that police analysed 1,700 hours of images and "were able to pull the strings together and identify the suspects".
Tamim said residents of Dubai need not worry about privacy as cameras are installed everywhere.
“The big number of cameras does not alter the privacy of the city’s residents and visitors,” he told the National. “To intrude on people’s privacy is not allowed by law and is not acceptable by our religion and tradition, so nobody in Dubai need feel scared about their privacy.”
Dubai police confirm Mossad behind murder
DUBAI - Dubai is to have security cameras "everywhere" following the assassination of a top Hamas commander in January that was blamed on Israel's Mossad spy agency, the emirate's police chief has said.
Dubai currently has 25,000 security cameras, but "surveillance needs to be ramped up to meet the growing requirements of an expanding city," Lieutenant General Dahi Khalfan Tamim was quoted as saying in UAE daily the National on Sunday.
The emirate plans to spend 500 million dirhams t($136 million) his year on security technology this year.
"We need to work according to a well-studied strategic plan and not only react to events as they come along... We will have cameras everywhere," Tamim said.
Hamas commander Mahmud al-Mabhuh was killed at a luxury hotel in the emirate, and Tamim said police were able to track down the suspected killers with the help of security cameras.
"With the al-Mabhuh murder we were able to play back time through the footage captured by cameras," Tamim said. He added that police analysed 1,700 hours of images and "were able to pull the strings together and identify the suspects".
Tamim said residents of Dubai need not worry about privacy as cameras are installed everywhere.
“The big number of cameras does not alter the privacy of the city’s residents and visitors,” he told the National. “To intrude on people’s privacy is not allowed by law and is not acceptable by our religion and tradition, so nobody in Dubai need feel scared about their privacy.”
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The Girl with the Dragon Tattoo (Millenium Trilogy, Book 1) [Mass Market Paperback]
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Amazon Best of the Month, September 2008: Once you start The Girl with the Dragon Tattoo, there's no turning back. This debut thriller--the first in a trilogy from the late Stieg Larsson--is a serious page-turner rivaling the best of Charlie Huston and Michael Connelly. Mikael Blomkvist, a once-respected financial journalist, watches his professional life rapidly crumble around him. Prospects appear bleak until an unexpected (and unsettling) offer to resurrect his name is extended by an old-school titan of Swedish industry. The catch--and there's always a catch--is that Blomkvist must first spend a year researching a mysterious disappearance that has remained unsolved for nearly four decades. With few other options, he accepts and enlists the help of investigator Lisbeth Salander, a misunderstood genius with a cache of authority issues. Little is as it seems in Larsson's novel, but there is at least one constant: you really don't want to mess with the girl with the dragon tattoo. --Dave Callanan
--This text refers to the Hardcover edition.
From Publishers Weekly
Starred Review. Cases rarely come much colder than the decades-old disappearance of teen heiress Harriet Vanger from her family's remote island retreat north of Stockholm, nor do fiction debuts hotter than this European bestseller by muckraking Swedish journalist Larsson. At once a strikingly original thriller and a vivisection of Sweden's dirty not-so-little secrets (as suggested by its original title, Men Who Hate Women), this first of a trilogy introduces a provocatively odd couple: disgraced financial journalist Mikael Blomkvist, freshly sentenced to jail for libeling a shady businessman, and the multipierced and tattooed Lisbeth Salander, a feral but vulnerable superhacker. Hired by octogenarian industrialist Henrik Vanger, who wants to find out what happened to his beloved great-niece before he dies, the duo gradually uncover a festering morass of familial corruption—at the same time, Larsson skillfully bares some of the similar horrors that have left Salander such a marked woman. Larsson died in 2004, shortly after handing in the manuscripts for what will be his legacy. 100,000 first printing. (Sept.)
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ISBN-10: 0307473473
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Editorial Reviews
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Amazon Best of the Month, September 2008: Once you start The Girl with the Dragon Tattoo, there's no turning back. This debut thriller--the first in a trilogy from the late Stieg Larsson--is a serious page-turner rivaling the best of Charlie Huston and Michael Connelly. Mikael Blomkvist, a once-respected financial journalist, watches his professional life rapidly crumble around him. Prospects appear bleak until an unexpected (and unsettling) offer to resurrect his name is extended by an old-school titan of Swedish industry. The catch--and there's always a catch--is that Blomkvist must first spend a year researching a mysterious disappearance that has remained unsolved for nearly four decades. With few other options, he accepts and enlists the help of investigator Lisbeth Salander, a misunderstood genius with a cache of authority issues. Little is as it seems in Larsson's novel, but there is at least one constant: you really don't want to mess with the girl with the dragon tattoo. --Dave Callanan
--This text refers to the Hardcover edition.
From Publishers Weekly
Starred Review. Cases rarely come much colder than the decades-old disappearance of teen heiress Harriet Vanger from her family's remote island retreat north of Stockholm, nor do fiction debuts hotter than this European bestseller by muckraking Swedish journalist Larsson. At once a strikingly original thriller and a vivisection of Sweden's dirty not-so-little secrets (as suggested by its original title, Men Who Hate Women), this first of a trilogy introduces a provocatively odd couple: disgraced financial journalist Mikael Blomkvist, freshly sentenced to jail for libeling a shady businessman, and the multipierced and tattooed Lisbeth Salander, a feral but vulnerable superhacker. Hired by octogenarian industrialist Henrik Vanger, who wants to find out what happened to his beloved great-niece before he dies, the duo gradually uncover a festering morass of familial corruption—at the same time, Larsson skillfully bares some of the similar horrors that have left Salander such a marked woman. Larsson died in 2004, shortly after handing in the manuscripts for what will be his legacy. 100,000 first printing. (Sept.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to the Hardcover edition.
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Mass Market Paperback: 644 pages
Publisher: Vintage; Reprint edition (June 23, 2009)
Language: English
ISBN-10: 0307473473
ISBN-13: 978-0307473479
Product Dimensions: 6.7 x 4.5 x 1.4 inches
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Saudi women threaten to breastfeed drivers
Breastfeed to bypass sex-mixing ban -scholar
DUBAI - Saudi women seem ready to adopt a controversial fatwa as they step up their campaign to achieve the right to drive in the conservative kingdom, UAE daily Gulf News reported on Sunday.
The fatwa, or religious ruling, allows women to breastfeed their drivers and turn them into their sons.
"We either be allowed to drive or breastfeed foreigners" will be the slogan of the campaign the women plan to launch, journalist Amal Zahid was quoted as saying in the newspaper.
Zahid said their decision follows a recent fatwa issued by a renowned scholar which said that Saudi women can breastfeed their foreign drivers for them to become their sons.
"As every Saudi family needs a driver, our campaign will focus on women's right to drive," she said.
A Saudi scholar last month suggested women donate their breast milk to men in an attempt to get around the kingdom’s ban on the mixing of unrelated men and women, and his words have sparked controversy.
Sheikh Abdul Mohsin al-Abaican, a consultant at the Saudi royal court, issued a fatwa stating there should be symbolic bond between unrelated men and women who regularly come into contact with each other.
Breast milk kinship is considered to be as good as a blood relationship in Islam, Gulf News said.
Saudi woman Fatima al-Shammary, told a local Arabic daily, that the fatwa was "ridiculous and weird".
She added: "This fatwa has become a hot topic of debate among women. Is this is all that is left to us to do: to give our breasts to the foreign drivers?"
Another Saudi woman, who spoke on condition of anonymity, told Gulf News: “Does Islam allow me to breastfeed a foreign man and prevent me from driving my own car? I have not breastfed my own children. How do you expect me to do this with a foreign man? What is this nonsense?"
DUBAI - Saudi women seem ready to adopt a controversial fatwa as they step up their campaign to achieve the right to drive in the conservative kingdom, UAE daily Gulf News reported on Sunday.
The fatwa, or religious ruling, allows women to breastfeed their drivers and turn them into their sons.
"We either be allowed to drive or breastfeed foreigners" will be the slogan of the campaign the women plan to launch, journalist Amal Zahid was quoted as saying in the newspaper.
Zahid said their decision follows a recent fatwa issued by a renowned scholar which said that Saudi women can breastfeed their foreign drivers for them to become their sons.
"As every Saudi family needs a driver, our campaign will focus on women's right to drive," she said.
A Saudi scholar last month suggested women donate their breast milk to men in an attempt to get around the kingdom’s ban on the mixing of unrelated men and women, and his words have sparked controversy.
Sheikh Abdul Mohsin al-Abaican, a consultant at the Saudi royal court, issued a fatwa stating there should be symbolic bond between unrelated men and women who regularly come into contact with each other.
Breast milk kinship is considered to be as good as a blood relationship in Islam, Gulf News said.
Saudi woman Fatima al-Shammary, told a local Arabic daily, that the fatwa was "ridiculous and weird".
She added: "This fatwa has become a hot topic of debate among women. Is this is all that is left to us to do: to give our breasts to the foreign drivers?"
Another Saudi woman, who spoke on condition of anonymity, told Gulf News: “Does Islam allow me to breastfeed a foreign man and prevent me from driving my own car? I have not breastfed my own children. How do you expect me to do this with a foreign man? What is this nonsense?"
Friday, June 18, 2010
Growth hopes worsen for UAE, Qatar, Saudi
The world's tallest tower Burj Khalifa casts its shadow over Dubai on January 4, 2010. The UAE is seen growing 2.1 percent this year, the slowest pace in the Gulf. Photograph: AFP
Arab GDP growth seen rising to 4 pct in 2010
IIF expects 4.4 pct Gulf economic growth
DUBAI - Growth prospects for key Gulf Arab economies worsened slightly in 2010 as oil prices remain volatile following Europe's debt woes and credit growth stays low, a Reuters poll showed on Thursday.
While most economies will see their gross domestic products growing in low single digits, Qatar will keep expanding well ahead of the rest of the world's top oil exporting region.
The world's biggest liquefied natural gas (LNG) exporter will book a real GDP growth of 16.1 percent in 2010 on gas output rise and government spending, according to the median forecast of economists polled between June 10-17.
This is unchanged from the previous Reuters poll in April, while the IMF has forecast 18.5 percent growth.
High government spending, unlike in the rest of the world, should keep supporting the six Gulf oil exporters, but volatile oil prices and sluggish credit growth are seen taking a toll.
"Volatility and uncertainty globally and oil prices, which have fallen to $63 a barrel in a matter of weeks, were important factors. Now, they have recovered but the sentiment is increasingly volatile," said John Sfakianakis, chief economist at Banque Saudi Fransi Credit Agricole in Riyadh.
"The private sector is quite cautious in its outlook given the uncertainty in Europe and international banks continue to be highly risk averse," he said.
The latest poll is based on responses from 17 analysts.
Saudi Arabia, the top Arab economy and the world's biggest oil exporter, is seen growing 3.7 percent this year, below 3.9 percent seen in April, but up from 0.6 percent growth in 2009.
Kuwait's GDP should rise by 3.0 percent in 2010, a slower recovery than analysts saw in April and below the central bank's forecast of 4-5 percent growth. Non-OPEC Oman and Bahrain should see GDP up 4.0 and 3.1 percent, a small improvement from April.
UAE WEAKER
Outlook for the United Arab Emirates -- the second largest economy in the Arab world -- worsened again as banks hesitate to lend due to exposure to debt-laden Dubai state firms.
The UAE is seen growing 2.1 percent this year, the slowest pace in the Gulf, below 2.5 percent seen in April and at the lower end of the government prediction of 2.0-3.2 percent.
"There is still some uncertainty and risk aversion on the part of local banks about the possible further debt restructurings in the UAE, and this is one of the reasons why credit growth so far this year has been incredibly weak," said Khatija Haque, vice president at Shuaa Securities in Dubai.
The UAE economy, the world's third largest oil exporter, grew by 1.3 percent in 2009 according to preliminary government data, although analysts have forecast a 1.4 percent contraction.
UAE banks are heavily exposed to Dubai World, which is yet to strike a deal with remaining creditors to restructure $23.5 billion of debt. The IMF put potential Dubai Holding restructuring at $14.8 billion.
INFLATION SEEN DOWN
Inflation was seen lower this year compared with April in most Gulf states on a firmer dollar, but analysts raised 2010 forecasts for the Saudi kingdom, where consumer price growth hit a one-year high in May.
"Inflation is more contained. I'm surprised with the strength in Saudi Arabia," said Giyas Gokkent, head of research at National Bank of Abu Dhabi.
Saudi Arabia should see the highest average inflation of 4.7 percent in 2010, still below record peaks of over 10 percent seen in most Gulf countries in 2008.
In contrast, Qatar and the UAE, which saw months of deflation in 2009, are likely to have the lowest consumer price growth at 1.7 percent and 1.8 percent, below April forecasts.
Oil prices, which have more than doubled since December 2008 lows, should keep most Gulf fiscal balances in surplus in 2010, although lower as crude expectations shifted.
Arab GDP growth seen rising to 4 pct in 2010
IIF expects 4.4 pct Gulf economic growth
DUBAI - Growth prospects for key Gulf Arab economies worsened slightly in 2010 as oil prices remain volatile following Europe's debt woes and credit growth stays low, a Reuters poll showed on Thursday.
While most economies will see their gross domestic products growing in low single digits, Qatar will keep expanding well ahead of the rest of the world's top oil exporting region.
The world's biggest liquefied natural gas (LNG) exporter will book a real GDP growth of 16.1 percent in 2010 on gas output rise and government spending, according to the median forecast of economists polled between June 10-17.
This is unchanged from the previous Reuters poll in April, while the IMF has forecast 18.5 percent growth.
High government spending, unlike in the rest of the world, should keep supporting the six Gulf oil exporters, but volatile oil prices and sluggish credit growth are seen taking a toll.
"Volatility and uncertainty globally and oil prices, which have fallen to $63 a barrel in a matter of weeks, were important factors. Now, they have recovered but the sentiment is increasingly volatile," said John Sfakianakis, chief economist at Banque Saudi Fransi Credit Agricole in Riyadh.
"The private sector is quite cautious in its outlook given the uncertainty in Europe and international banks continue to be highly risk averse," he said.
The latest poll is based on responses from 17 analysts.
Saudi Arabia, the top Arab economy and the world's biggest oil exporter, is seen growing 3.7 percent this year, below 3.9 percent seen in April, but up from 0.6 percent growth in 2009.
Kuwait's GDP should rise by 3.0 percent in 2010, a slower recovery than analysts saw in April and below the central bank's forecast of 4-5 percent growth. Non-OPEC Oman and Bahrain should see GDP up 4.0 and 3.1 percent, a small improvement from April.
UAE WEAKER
Outlook for the United Arab Emirates -- the second largest economy in the Arab world -- worsened again as banks hesitate to lend due to exposure to debt-laden Dubai state firms.
The UAE is seen growing 2.1 percent this year, the slowest pace in the Gulf, below 2.5 percent seen in April and at the lower end of the government prediction of 2.0-3.2 percent.
"There is still some uncertainty and risk aversion on the part of local banks about the possible further debt restructurings in the UAE, and this is one of the reasons why credit growth so far this year has been incredibly weak," said Khatija Haque, vice president at Shuaa Securities in Dubai.
The UAE economy, the world's third largest oil exporter, grew by 1.3 percent in 2009 according to preliminary government data, although analysts have forecast a 1.4 percent contraction.
UAE banks are heavily exposed to Dubai World, which is yet to strike a deal with remaining creditors to restructure $23.5 billion of debt. The IMF put potential Dubai Holding restructuring at $14.8 billion.
INFLATION SEEN DOWN
Inflation was seen lower this year compared with April in most Gulf states on a firmer dollar, but analysts raised 2010 forecasts for the Saudi kingdom, where consumer price growth hit a one-year high in May.
"Inflation is more contained. I'm surprised with the strength in Saudi Arabia," said Giyas Gokkent, head of research at National Bank of Abu Dhabi.
Saudi Arabia should see the highest average inflation of 4.7 percent in 2010, still below record peaks of over 10 percent seen in most Gulf countries in 2008.
In contrast, Qatar and the UAE, which saw months of deflation in 2009, are likely to have the lowest consumer price growth at 1.7 percent and 1.8 percent, below April forecasts.
Oil prices, which have more than doubled since December 2008 lows, should keep most Gulf fiscal balances in surplus in 2010, although lower as crude expectations shifted.
Tuesday, June 15, 2010
Saturday, June 12, 2010
Iran to respond in kind if ships inspected
Iran curbs do not bar missile deal -Russia
Ahmadinejad slams U.S., says Israel 'doomed'
TEHRAN - A senior lawmaker warned on Friday that Iran would start inspecting foreign vessels in the Gulf, a waterway crucial for global oil supplies, if its ships received such treatment under new U.N. sanctions.
The sanctions resolution, approved by the U.N. Security Council on Wednesday, expands existing measures targeting Iranian banks and arms imports, and also calls for setting up a cargo inspection regime similar to one in place for North Korea.
The sanctions were imposed because of Iran's refusal to halt nuclear work the West suspects is aimed at making atomic bombs, a charge the major oil producer denies, saying its programme is for peaceful purposes.
"In the event that even one (Iranian) ship ... is subjected to inspection we will seek retaliation and will inspect several of their ships," Mehr News Agency quoted parliament member Hossein Ibrahimi as saying.
Ibrahimi is deputy head of parliament's national security and foreign policy commission.
"The Strait of Hormuz and the Persian Gulf will be our field of manoeuvre in this regard and whoever harbours the intention of hurting or damaging us, will be damaged severely in return."
About 40 percent of the world's traded oil leaves the Gulf region through the Strait of Hormuz.
Underlining Iranian anger at the new sanctions, another parliament member warned a possible withdrawal from the Non- Proliferation Treaty (NPT) could be discussed.
NPT WARNING
Top Iranian officials have repeatedly said Tehran has no intention of leaving the NPT, under which its nuclear sites are subject to regular U.N. atomic watchdog inspections.
Analysts also believe Iran would think twice before quitting since such a move would betray nuclear weapons ambitions and could provoke an attack by Israel and possibly the United States.
"The West should know that if they should want to exert more pressure on Iran, the Islamic state is already considering retaliatory measures as an agenda," ISNA news agency quoted parliamentarian Mohammad Karamirad as saying.
"In this regard, parliament is considering reduced levels of cooperation with or even withdrawal from the NPT. They will also see Iran's intense reaction if they should want to create any trouble for us in the Persian Gulf or the Sea of Oman."
Karamirad is also a member of parliament's national security and foreign policy commission.
Iran's parliament has the power to oblige the government to change its cooperation with the International Atomic Energy Agency, as it did in 2006 after the Vienna-based body voted to report Iran to the U.N. Security Council.
However, Iran's IAEA envoy, Ali Asghar Soltanieh, said Tehran had no intention of quitting the 40-year-old pact. "We continue to be committed to the NPT," he told Reuters in Vienna.
Ahmadinejad slams U.S., says Israel 'doomed'
TEHRAN - A senior lawmaker warned on Friday that Iran would start inspecting foreign vessels in the Gulf, a waterway crucial for global oil supplies, if its ships received such treatment under new U.N. sanctions.
The sanctions resolution, approved by the U.N. Security Council on Wednesday, expands existing measures targeting Iranian banks and arms imports, and also calls for setting up a cargo inspection regime similar to one in place for North Korea.
The sanctions were imposed because of Iran's refusal to halt nuclear work the West suspects is aimed at making atomic bombs, a charge the major oil producer denies, saying its programme is for peaceful purposes.
"In the event that even one (Iranian) ship ... is subjected to inspection we will seek retaliation and will inspect several of their ships," Mehr News Agency quoted parliament member Hossein Ibrahimi as saying.
Ibrahimi is deputy head of parliament's national security and foreign policy commission.
"The Strait of Hormuz and the Persian Gulf will be our field of manoeuvre in this regard and whoever harbours the intention of hurting or damaging us, will be damaged severely in return."
About 40 percent of the world's traded oil leaves the Gulf region through the Strait of Hormuz.
Underlining Iranian anger at the new sanctions, another parliament member warned a possible withdrawal from the Non- Proliferation Treaty (NPT) could be discussed.
NPT WARNING
Top Iranian officials have repeatedly said Tehran has no intention of leaving the NPT, under which its nuclear sites are subject to regular U.N. atomic watchdog inspections.
Analysts also believe Iran would think twice before quitting since such a move would betray nuclear weapons ambitions and could provoke an attack by Israel and possibly the United States.
"The West should know that if they should want to exert more pressure on Iran, the Islamic state is already considering retaliatory measures as an agenda," ISNA news agency quoted parliamentarian Mohammad Karamirad as saying.
"In this regard, parliament is considering reduced levels of cooperation with or even withdrawal from the NPT. They will also see Iran's intense reaction if they should want to create any trouble for us in the Persian Gulf or the Sea of Oman."
Karamirad is also a member of parliament's national security and foreign policy commission.
Iran's parliament has the power to oblige the government to change its cooperation with the International Atomic Energy Agency, as it did in 2006 after the Vienna-based body voted to report Iran to the U.N. Security Council.
However, Iran's IAEA envoy, Ali Asghar Soltanieh, said Tehran had no intention of quitting the 40-year-old pact. "We continue to be committed to the NPT," he told Reuters in Vienna.
Friday, June 11, 2010
Ahmadinejad slams U.S., says Israel 'doomed'
Iranian President Mahmoud Ahmadinejad gestures at a press conference during his visit at the site of the World Expo 2010 in Shanghai on June 11, 2010. Ahmadinejad said that US President Barack Obama had made a 'big mistake' by pushing for UN sanctions, and 'blocked the way' to friendly ties with the Iranian people. Ahmadinejad was participating in 'Iran Day' at the World Expo. Photograph: AFP
Iran curbs do not bar missile deal -Russia
Iran opposition calls off anniversary demo
Defiant Iran rejects U.N. sanctions
SHANGHAI - Iranian President Mahmoud Ahmadinejad said Friday Israel was "doomed" and singled out US President Barack Obama for scorn after the UN agreed a fresh round of nuclear sanctions against his country.
Speaking during a visit to the World Expo in Shanghai, Ahmadinejad denounced the UN Security Council's sanctions resolution adopted Wednesday with Chinese and Russian backing as "worthless paper".
The firebrand leader accused global nuclear powers of "monopolising" atomic technology and said the new sanctions would "have no effect".
Ahmadinejad chose a visit to his country's national pavilion during "Iran Day" at the Shanghai Expo in preference to an appearance at a regional security summit in Uzbekistan attended by the Chinese and Russian leaders.
Presidents Hu Jintao of China and Dmitry Medvedev of Russia were in Tashkent Friday for the summit of the Shanghai Cooperation Organisation.
The SCO was set Friday to snub Iran's membership bid, Russian Foreign Minister Sergei Lavrov indicated, leaving Tehran increasingly isolated over its refusal to renounce uranium enrichment.
Ahmadinejad's visit to the Expo comes at a delicate time in Tehran's relations with its ally China, one of the five permanent veto-wielding members of the Security Council.
His government had earlier reacted furiously to China's decision to fall into line with the United States and other powers that accuse Iran of covertly trying to build nuclear weapons.
Ahmadinejad shied away from criticising China, which has emerged as Iran's closest trading partner.
"The main problem is the US administration, and we have no problem with others," he told reporters, accusing the United States of seeking to "swallow" the Middle East.
Swatting aside the US leader's offers of dialogue and rapprochement if Iran relents on its nuclear ambitions, Ahmadinejad said: "I think President Obama has made a big mistake... he knows the resolution will have no effect.
"Very soon he will come to understand he has not made the right choice and he has blocked the way to having friendly ties with the Iranian people."
The UN resolution expands an arms embargo and bars Iran from sensitive activities such as uranium mining.
It also authorises states to conduct high-seas inspections of vessels believed to be ferrying banned items for Iran and adds 40 entities to a list of people and groups subject to travel restrictions and financial sanctions.
Not for the first time, Ahmadinejad reserved his harshest rhetoric for Israel.
"It is clear the United States is not against nuclear bombs because they have a Zionist regime with nuclear bombs in the region," he said.
"They are trying to save the Zionist regime, but the Zionist regime will not survive. It is doomed."
Israel, which has the Middle East's sole if undeclared nuclear arsenal, regards Iran as its principal threat after repeated predictions by Ahmadinejad of the Jewish state's demise.
Israeli leaders have refused to rule out a resort to military action to prevent Iran developing a nuclear weapons capability.
Ahmadinejad said the entire architecture of global power was built to keep out smaller states.
"We have always said the Security Council is a tool in the hands of the United States. It is not democratic, it is a tool of dictatorship," he said.
"Five powers have the veto right and the nuclear bombs and the monopoly and they want to monopolise nuclear energy for themselves," he added.
Russia appears to be taking a tougher line with Iran. Officials said Friday that Moscow would comply strictly with the new UN sanctions, and signalled that a deal to supply Iran with air-defence missiles was now off.
China has kept up a more emollient line on Iran. Foreign ministry spokesman Qin Gang said Thursday that China "highly values relations with Iran and feels they are conducive to regional peace, stability and development."
Iran curbs do not bar missile deal -Russia
Iran opposition calls off anniversary demo
Defiant Iran rejects U.N. sanctions
SHANGHAI - Iranian President Mahmoud Ahmadinejad said Friday Israel was "doomed" and singled out US President Barack Obama for scorn after the UN agreed a fresh round of nuclear sanctions against his country.
Speaking during a visit to the World Expo in Shanghai, Ahmadinejad denounced the UN Security Council's sanctions resolution adopted Wednesday with Chinese and Russian backing as "worthless paper".
The firebrand leader accused global nuclear powers of "monopolising" atomic technology and said the new sanctions would "have no effect".
Ahmadinejad chose a visit to his country's national pavilion during "Iran Day" at the Shanghai Expo in preference to an appearance at a regional security summit in Uzbekistan attended by the Chinese and Russian leaders.
Presidents Hu Jintao of China and Dmitry Medvedev of Russia were in Tashkent Friday for the summit of the Shanghai Cooperation Organisation.
The SCO was set Friday to snub Iran's membership bid, Russian Foreign Minister Sergei Lavrov indicated, leaving Tehran increasingly isolated over its refusal to renounce uranium enrichment.
Ahmadinejad's visit to the Expo comes at a delicate time in Tehran's relations with its ally China, one of the five permanent veto-wielding members of the Security Council.
His government had earlier reacted furiously to China's decision to fall into line with the United States and other powers that accuse Iran of covertly trying to build nuclear weapons.
Ahmadinejad shied away from criticising China, which has emerged as Iran's closest trading partner.
"The main problem is the US administration, and we have no problem with others," he told reporters, accusing the United States of seeking to "swallow" the Middle East.
Swatting aside the US leader's offers of dialogue and rapprochement if Iran relents on its nuclear ambitions, Ahmadinejad said: "I think President Obama has made a big mistake... he knows the resolution will have no effect.
"Very soon he will come to understand he has not made the right choice and he has blocked the way to having friendly ties with the Iranian people."
The UN resolution expands an arms embargo and bars Iran from sensitive activities such as uranium mining.
It also authorises states to conduct high-seas inspections of vessels believed to be ferrying banned items for Iran and adds 40 entities to a list of people and groups subject to travel restrictions and financial sanctions.
Not for the first time, Ahmadinejad reserved his harshest rhetoric for Israel.
"It is clear the United States is not against nuclear bombs because they have a Zionist regime with nuclear bombs in the region," he said.
"They are trying to save the Zionist regime, but the Zionist regime will not survive. It is doomed."
Israel, which has the Middle East's sole if undeclared nuclear arsenal, regards Iran as its principal threat after repeated predictions by Ahmadinejad of the Jewish state's demise.
Israeli leaders have refused to rule out a resort to military action to prevent Iran developing a nuclear weapons capability.
Ahmadinejad said the entire architecture of global power was built to keep out smaller states.
"We have always said the Security Council is a tool in the hands of the United States. It is not democratic, it is a tool of dictatorship," he said.
"Five powers have the veto right and the nuclear bombs and the monopoly and they want to monopolise nuclear energy for themselves," he added.
Russia appears to be taking a tougher line with Iran. Officials said Friday that Moscow would comply strictly with the new UN sanctions, and signalled that a deal to supply Iran with air-defence missiles was now off.
China has kept up a more emollient line on Iran. Foreign ministry spokesman Qin Gang said Thursday that China "highly values relations with Iran and feels they are conducive to regional peace, stability and development."
Friday, June 4, 2010
Israel accused of indiscriminate killings
Belgian activist Isnasni Kenza (R) and an unidentified British activist flash the V sign and hold up the British flag at Ataturk Airport in Istanbul on June 3, 2010 after being deported by Israel two days after a deadly naval raid by Israeli forces. Photograph: AFP
Hundreds of Gazans use opened Egyptian gate
Unrepentant Israel expels aid fleet activists
ISTANBUL - Hundreds of Turkish activists from the Gaza aid flotilla attacked by Israeli commandos returned home to a heroes' welcome Thursday and their leaders accused Israel of carrying out indiscriminate killings.
Organisers of the aid fleet also said the toll of nine dead given by Israel was too low. Facing major protests over Monday's raid, Israel meanwhile rejected a UN Human Rights Council move to set up an international inquiry into the raid.
About 1,000 people, some chanting anti-Israeli slogans, packed Istanbul airport in the middle of the night to greet planes that brought back 466 activists and nine bodies from Israel.
Another plane carrying 31 Greek activists three French nationals and an American flew into Athens.
The dead were eight Turks and a US national of Turkish origin, Anatolia news agency reported. It quoted forensic experts as saying all had been shot.
Bulent Yildirim, head of the Islamic charity which spearheaded the campaign to break the Gaza blockade, charged that Israeli soldiers had killed activists indiscriminately when they stormed the Mavi Marmara.
All the dead were on the the Turkish ferry which led six ships trying to get aid to the besieged Palestinian enclave.
Yildirim highlighted the death of one journalist on the ship named Cevdet. "He was just taking pictures. He was shot at from no more than a metre and his brain exploded ... one of our friends was shot even after he had surrendered," Yildirim, who heads the Foundation of Humanitarian Relief (IHH), told reporters at Istanbul airport.
"They killed whoever they laid hands on. They even threw some of our friends into the sea."
Yildirim said the activists attacked the Israeli forces with iron bars "in self defence", adding that they also seized the soldiers' weapons but threw them in the sea rather than using them.
Israel has said the commandos opened fire after they came under attack.
Sydney Morning Herald journalist Paul McGeough told his newspaper from Turkey that Israeli commando boats had circled the flotilla like "hyenas hunting animals in the night" before his colleague was shot with a stun gun.
Yildirim said the death toll was higher than announced. "We were given the bodies of nine martyrs, but we have a longer list. There are missing people. Our doctors handed over 38 injured, on our return they (the Israelis) said there were only 21 injured."
He vowed to organize bigger convoys if Israel does not end its blockade of Gaza, which is ruled by the Islamist movement Hamas.
Turkish Foreign Minister Ahmet Davutoglu said officials were drawing up lists to verify that all the activists were deported and vowed to hold Israel to account.
The returning activists included between 50 and 55 foreigners.
Three other planes brought 19 wounded activists to Ankara. A prosecutor was to question them for accounts of the bloody raid.
Turkey's ambassador to Israel, Oguz Celikkol, who was recalled after Monday's raid, also returned to Turkey Thursday, Anatolia news agency said.
Israeli Prime Minister Benjamin Netanyahu denounced the activists as "violent supporters of terrorism", charging that Israeli forces were "stabbed, they were clubbed, they were fired upon" as they stormed the boat.
"This was not a love boat. This was a hate boat. These weren't pacifists. These weren't peace activists," he said.
The UN Human Rights Council said Wednesday it would set up an independent international probe into Israel's interception of the ships.
Israel rejected the move. "The authority of this council, which once again is working stubbornly against Israel, has reached rock bottom," said foreign ministry spokesman Ygal Palmor.
Organisers say another ship is heading towards Gaza despite the risk of more violence.
The Rachel Corrie, carrying building supplies along with Irish and Malaysian activists, is in the Mediterranean. Organisers say it could arrive off Gaza on Saturday.
Irish Foreign Minister Micheal Martin urged Israel to let the ship through, while UN chief Ban Ki-moon renewed his call for Israel to lift its Gaza blockade.
The UN secretary-general also said Israel should provide a "full and detailed account" of the commando raid.
Israeli officials said 682 people from 42 countries were on the six ships that tried to break the blockade.
Seven activists wounded in the clashes remained in an Israeli hospital, an Israeli foreign ministry spokesman said. An Irishman and two women from Australia and Italy remained in Israel "for technical reasons," he added, without elaborating.
Hundreds of Gazans use opened Egyptian gate
Unrepentant Israel expels aid fleet activists
ISTANBUL - Hundreds of Turkish activists from the Gaza aid flotilla attacked by Israeli commandos returned home to a heroes' welcome Thursday and their leaders accused Israel of carrying out indiscriminate killings.
Organisers of the aid fleet also said the toll of nine dead given by Israel was too low. Facing major protests over Monday's raid, Israel meanwhile rejected a UN Human Rights Council move to set up an international inquiry into the raid.
About 1,000 people, some chanting anti-Israeli slogans, packed Istanbul airport in the middle of the night to greet planes that brought back 466 activists and nine bodies from Israel.
Another plane carrying 31 Greek activists three French nationals and an American flew into Athens.
The dead were eight Turks and a US national of Turkish origin, Anatolia news agency reported. It quoted forensic experts as saying all had been shot.
Bulent Yildirim, head of the Islamic charity which spearheaded the campaign to break the Gaza blockade, charged that Israeli soldiers had killed activists indiscriminately when they stormed the Mavi Marmara.
All the dead were on the the Turkish ferry which led six ships trying to get aid to the besieged Palestinian enclave.
Yildirim highlighted the death of one journalist on the ship named Cevdet. "He was just taking pictures. He was shot at from no more than a metre and his brain exploded ... one of our friends was shot even after he had surrendered," Yildirim, who heads the Foundation of Humanitarian Relief (IHH), told reporters at Istanbul airport.
"They killed whoever they laid hands on. They even threw some of our friends into the sea."
Yildirim said the activists attacked the Israeli forces with iron bars "in self defence", adding that they also seized the soldiers' weapons but threw them in the sea rather than using them.
Israel has said the commandos opened fire after they came under attack.
Sydney Morning Herald journalist Paul McGeough told his newspaper from Turkey that Israeli commando boats had circled the flotilla like "hyenas hunting animals in the night" before his colleague was shot with a stun gun.
Yildirim said the death toll was higher than announced. "We were given the bodies of nine martyrs, but we have a longer list. There are missing people. Our doctors handed over 38 injured, on our return they (the Israelis) said there were only 21 injured."
He vowed to organize bigger convoys if Israel does not end its blockade of Gaza, which is ruled by the Islamist movement Hamas.
Turkish Foreign Minister Ahmet Davutoglu said officials were drawing up lists to verify that all the activists were deported and vowed to hold Israel to account.
The returning activists included between 50 and 55 foreigners.
Three other planes brought 19 wounded activists to Ankara. A prosecutor was to question them for accounts of the bloody raid.
Turkey's ambassador to Israel, Oguz Celikkol, who was recalled after Monday's raid, also returned to Turkey Thursday, Anatolia news agency said.
Israeli Prime Minister Benjamin Netanyahu denounced the activists as "violent supporters of terrorism", charging that Israeli forces were "stabbed, they were clubbed, they were fired upon" as they stormed the boat.
"This was not a love boat. This was a hate boat. These weren't pacifists. These weren't peace activists," he said.
The UN Human Rights Council said Wednesday it would set up an independent international probe into Israel's interception of the ships.
Israel rejected the move. "The authority of this council, which once again is working stubbornly against Israel, has reached rock bottom," said foreign ministry spokesman Ygal Palmor.
Organisers say another ship is heading towards Gaza despite the risk of more violence.
The Rachel Corrie, carrying building supplies along with Irish and Malaysian activists, is in the Mediterranean. Organisers say it could arrive off Gaza on Saturday.
Irish Foreign Minister Micheal Martin urged Israel to let the ship through, while UN chief Ban Ki-moon renewed his call for Israel to lift its Gaza blockade.
The UN secretary-general also said Israel should provide a "full and detailed account" of the commando raid.
Israeli officials said 682 people from 42 countries were on the six ships that tried to break the blockade.
Seven activists wounded in the clashes remained in an Israeli hospital, an Israeli foreign ministry spokesman said. An Irishman and two women from Australia and Italy remained in Israel "for technical reasons," he added, without elaborating.
Tuesday, June 1, 2010
Contents
Genotica and Green himalyan are contain the research work in near future.
in reference to: YouTube - googletoolbarhelp's Channel (view on Google Sidewiki)U.N. urges probe on Israel flotilla raid
UNITED NATIONS - The UN Security Council called Tuesday for an impartial investigation into the Israeli attack against a flotilla carrying humanitarian aid to Gaza, and the immediate release of all civilians.
The statement, which came at the end of an emergency session that lasted more than 12 hours, condemned "those acts which resulted in the loss of at least 10 civilians and many wounded."
"The Security Council took note of the statement of the UN Secretary General on the need to have a full investigation into the matter and it calls for a prompt, impartial, credible and transparent investigation conforming to international standards," the statement said.
Israeli commandos carried out the raid in international waters on a convoy of vessels with activists from a variety of countries bringing food and medical supplies to Gaza.
The Security Council requested the immediate release of all ships and civilians held by Israel. Israeli public radio earlier reported that Israel would hold 480 of the activists and expel 48 others.
"The Council urges Israel to permit full consular access, to allow the countries concerned to retrieve their deceased and wounded immediately and to ensure the delivery of the humanitarian assistance from the convoy to its destination," it said.
In the statement, Mexican Ambassador Claude Heller, the council's current president, said the council reiterated its grave concern over the humanitarian situation in Gaza, which it said was "not sustainable."
It stressed the need for "sustained and regular flow of goods and people to Gaza as well as unimpeded provision and distribution of humanitarian assistance throughout Gaza."
Emphasizing that the only viable solution to the Israeli-Palestinian conflict was a two state solution, the statement expressed concern that the incident occurred at a time when indirect talks were underway between the sides.
It urged the parties "to act with restraint, avoiding any unilateral and provocative actions, and all international partners to promote an atmosphere of cooperation between the parties and throughout the region."
The statement, which came at the end of an emergency session that lasted more than 12 hours, condemned "those acts which resulted in the loss of at least 10 civilians and many wounded."
"The Security Council took note of the statement of the UN Secretary General on the need to have a full investigation into the matter and it calls for a prompt, impartial, credible and transparent investigation conforming to international standards," the statement said.
Israeli commandos carried out the raid in international waters on a convoy of vessels with activists from a variety of countries bringing food and medical supplies to Gaza.
The Security Council requested the immediate release of all ships and civilians held by Israel. Israeli public radio earlier reported that Israel would hold 480 of the activists and expel 48 others.
"The Council urges Israel to permit full consular access, to allow the countries concerned to retrieve their deceased and wounded immediately and to ensure the delivery of the humanitarian assistance from the convoy to its destination," it said.
In the statement, Mexican Ambassador Claude Heller, the council's current president, said the council reiterated its grave concern over the humanitarian situation in Gaza, which it said was "not sustainable."
It stressed the need for "sustained and regular flow of goods and people to Gaza as well as unimpeded provision and distribution of humanitarian assistance throughout Gaza."
Emphasizing that the only viable solution to the Israeli-Palestinian conflict was a two state solution, the statement expressed concern that the incident occurred at a time when indirect talks were underway between the sides.
It urged the parties "to act with restraint, avoiding any unilateral and provocative actions, and all international partners to promote an atmosphere of cooperation between the parties and throughout the region."
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