Tuesday, June 13, 2006

Etihad set to start Doha flights

Abu Dhabi, June 12, 2006

Etihad Airways has announced a six-flights-a-week service between Abu Dhabi and Doha starting from June 18.

The airline will fly every day of the week except Tuesday on the route using Boeing B767-300 aircraft.

"We are delighted to start services to Doha next week," said Dr Sheikh Ahmed bin Saif Al Nahyan, chairman of Etihad Airways.

"Abu Dhabi and Doha are premier business cities in the region and rapidly developing into key leisure destinations too. The new service will drive growth in both sectors."

The aircraft, which will accommodate 196 guests with 10 seats in Diamond, 36 in Pearl and 150 in Coral zones, can also hold up to 12 tonnes of cargo with a full passenger load.

Outbound, Etihad flight EY705 will depart Abu Dhabi International Airport (AUH) at 21.30pm and arrive at Doha International Airport at 21.30pm local time. Return flights on EY706 depart Doha at 22.30 pm, arriving in Abu Dhabi at 00.30 am.

The new service links up two of the energy powerhouses in the region and provides further economic impetus to both development-focused cities.-TradeArabia News Service

Syrian economy promising says Schroeder


Damascus, June 10, 2006

The former German Chancellor Gerhard Schroeder has described the Syrian economy as a promising one in his speech at the opening of the Second Syrian-Emirati Economic Forum in Damascus yesterday.

He also said that the Syrian economy is taking continuous steps towards integration in the world economy.

Sheikh Tarek bin Faysal Al Qasimi, head of Economic development department in Sharjah, stressed in his remarks that oil has contributed in developing economies in the emirates as well as infrastructure development.

Sheikh Al Qasimi stressed that economic growth rate ranges between 1 - 18 per cent especially in tourism, industry, education sectors.

Abdullah Dardari, Syrian deputy prime minister for economic affairs, said: " I cannot imagine investments in Syria without the presence of Emarati investors as well as the presence of Syria's traditional friends in Europe, especially Germany."

Dardari said that Syria's GDP growth rate had reached more than 4.5 per cent due to the stress on macro development in its economic policies.

Dardari said the government's role should be always present to create job opportunities or preparing an economic environment that would indirectly contribute to creating job opportunities, transparent working mechanisms and continuous legislative development that is compatible to modernisation and integration in world economy.-TradeArabia News Service

Wednesday, June 07, 2006

Bahrain appoints first Arab Woman Judge

(AFP), 6 June 2006

MANAMA - Bahrain appointed a woman judge on Tuesday for the first time in its history, becoming the first to do so among the conservative and male-dominated Gulf Arab states.

King Hamad issued a decree appointing Mona Jassem Al Kawari to the civil courts, the official Bahrain News Agency reported.

“I am very proud to be the first woman judge in Bahrain,” Kawari told AFP after her appointment.

“This nomination does not surprise me though because his majesty has been encouraging women since the launch of reforms.”

There are at present two women ministers in the Bahraini government.

Bahraini women only got the vote for the first time in a 2001 referendum on turning the small Gulf archipelago into a constitutional monarchy.

A total of 31 women stood as candidates in municipal and parliamentary elections the following year but not one won election.

The next round of elections is tentatively expected in October but no date has yet been formally set.

Tuesday, May 30, 2006

King Abdullah meets President Bush


Washington, DC - May 30 (Petra) -- During a brief visit to the United States, His Majesty King Abdullah met with U.S. President George W. Bush in Washington on Monday evening, May 29th 2006, to discuss bilateral ties as well as latest developments in the Middle East.

His Majesty expressed gratitude for the continued support provided by the United States to Jordan and thanked the President for considering additional assistance to the Kingdom this year, at a time when Jordan's economy is facing many challenges associated with high oil prices.

On the Palestinian-Israeli issue, King Abdullah underlined the importance of moving forward in the pursuit of a two-state solution as outlined in President Bush's vision for peace.

He also stressed the need for both Israelis and Palestinians to resume negotiations as soon as possible and reiterated the need to channel assistance to the Palestinian people in order to avert a humanitarian crisis in the Palestinian territories.

His Majesty also stressed that Jordan will continue to play a key role in moving the peace process forward.

King Abdullah will be meeting with Palestinian President Mahmoud Abbas, as he regularly does, and separately with Israeli Prime Minister Ehud Olmert in the next few weeks.

The King also welcomed the formation of the new Iraqi government as a step forward in establishing peace, stability and security and emphasized the need for an inclusive political process in Iraq.

His Majesty stressed that Jordan will continue to support the Iraqi government and the Iraqi people in achieving their aspirations.

King Abdullah will head to Germany on Friday for talks with Chancellor Angela Merkel on the latest regional developments and means to enhance bilateral ties.

Yemen, Saudi Arabia to sign final border maps this week


MUKALLA, YEMEN - Yemen and its oil-rich neighbour Saudi Arabia are due to sign this week the final maps marking their joint borders after land demarcation was completed, Yemeni officials said Monday.

The officials said the maps would be signed during meetings of the Yemeni Saudi Higher Coordination Council (YSHCC), which is scheduled to begin in the south-eastern Yemeni city of Mukalla on Wednesday.

Demarcation of the joint Yemeni-Saudi 1,845-kilometre border was completed in 2004 after 824 markers were put in place. Last April, a German company delivered to the two states the final maps marking the border line based on a 2000 border treaty that ended a long-standing dispute.

The treaty ended a 66-year-old dispute between Saudi Arabia and Yemen over the unmarked borders, including handing over territory to each other as the border demarcation was completed.

On May 16, Saudi Arabia handed over to Yemen the last of 13 border outposts designated as Yemeni territory by the border treaty.

The two-day meetings of the YSHCC are to be co-chaired by the Saudi Crown Prince Sultan bin Abdul-Aziz and Yemeni Prime Minister Abdul-Qader Ba-Jammal.

The meetings would also discuss several issues including economic ties, efforts to fight terrorism and the combat against cross-border drug and arms smuggling and infiltration of terrorists, Yemeni official said.

Large quantities of arms and explosives are smuggled to Saudi territories through the porous border from Yemen every year. (DPA), 29 May 2006

Saturday, May 27, 2006

Qatar's Drivers hold lead in Jordan Rally


Qatar's Nasser Saleh Al Attiyah and co-driver Chris Patterson held an advantage of 2minutes 03.6seconds after the opening leg of the Jordan Rally, round four of the FIA Middle East Rally Championship.
Dubai's Shaikh Suhail Bin Khalifa Al Maktoum completed the leg in second position, while Jordanian drivers Amjad Farrah and Faris Bustami were third and fifth overall.
Sharjah's Shaikh Abdullah Al Qasimi held fourth place in his Subaru Impreza WRX STi.
In temperatures in excess of 40 degrees Centigrade at the lowest place on earth, teams were forced to endure the adverse elements, in addition to coping with slippery and technical special stages for this WRC candidate event, which finishes on Saturday evening.
Al Attiyah drew first blood by beating Dubai's Shaikh Suhail by 21.6s and Shaikh Khalid Al Qasimi by 24s in the opening Turki stage.
It set the tone for the morning, with Shaikh Khaled and Shaikh Suhail locked in a battle for second place, ahead of Jordan's Amjad Farrah, Shaikh Abdullah and Jordan's Faris Bustami.
"I started very well and set a good time on the first stage," said Al-Attiyah.
"But then there was a problem with a gear linkage. This is a very difficult rally. You need four or five days to set the car up properly for these stages. It has been very challenging."
Leading positions at end of leg one after Special Stage 10:1. Nasser Saleh Al-Attiyah (QA)/Chris Patterson (GB) Subaru Impreza WRX STi 1h 50m 06.5s; 2. Shaikh Suhail bin Khalifa Al Maktoum (UAE)/Wael Marjan (UAE) Subaru Impreza WRX STi 1h 52m 10.1s; 3. Amjad Farrah (HKJ)/Khaled Zakaria (HKJ) Mitsubishi Lancer Evolution IX 1h 56m 24.1s.

Friday, May 26, 2006

Kuwaiti Women make History


Five Kuwaiti women become first females to register as candidates for parliamentary elections.
By Omar Hasan - KUWAIT CITY

Five Kuwaiti women made history Thursday by becoming the first females to register as candidates for parliamentary elections, ending a 44-year-old ban on their political participation.
"It's a historic day. It's a dream come true and the actual beginning of Kuwaiti women's participation in public life," leading women's rights activist Rula Dashti said after filing her papers at the election department.
Registration opened on Thursday for the June 29 election in the oil-rich Gulf emirate which was called on Sunday in a bid to end a deep political crisis over an electoral reform bill.
"Today, we strengthen the role of women's participation in the political life," said Dashti, a holder of a doctorate in economics from the prestigious Johns Hopkins University in the United States and chairwoman of the Kuwaiti Economic Society.
She said she would focus her campaign on economic reforms, unemployment and combatting corruption.
Kuwaiti women, deprived of a political role since parliament was established in 1962, won the right to vote and run for public office in May last year in a historic vote by the assembly.
Two women contested a municipal council by-election in April, and one came second among eight candidates for the only seat.
"Today I feel that democracy has gained a second wing... We have tried men for long and it's time to give women the opportunity," journalist Aisha al-Rasheed said after registering her candidacy.
Rasheed, running in the district of Keifan, an Islamist stronghold, said she would focus on the issues of women "who have been ignored for four decades.
"I will fight for equality among the sexes in rights and duties."
The other three women candidates are Khaleda al-Khader, a holder of a doctorate in public health from the United States, Ghanima al-Haider, a professor at a local college and Taiba Ibrahim, a writer.
More women are expected to lodge their candidacies before registration expires on June 3.
Four of the five women candidates were waiting at the election department long before registration opened, before any male candidate arrived.
Registration took place in two separate offices in line with a law that requires segregation of the sexes, but the two offices were almost entirely staffed by women employees.
Under the election law, all candidates must be Kuwaiti by birth, over 30 years old, know how to read and write Arabic, registered on the electoral roll and not have a criminal record.
Emir Sheikh Sabah al-Ahmad al-Sabah dissolved parliament Sunday following a bitter standoff over a bill calling for a reduction in the number of electoral constituencies from 25.
Opposition MPs have accused the government of deliberately blocking political reform, complaining that the large number of constituencies opens the way for vote-buying and other electoral fraud.
Dozens of young activists carrying orange banners and Kuwaiti flags gathered outside the election department in Kuwait City to urge candidates to back a reduction in the number of constituencies to five.
"We are here to resume our national movement for reform, and to support all national and clean candidates and help in the downfall of corrupt elements," Khaled al-Fadalah, a leader of the so-called Orange Movement said.
The number of eligible voters is 340,250, or 34 percent of native population, including 195,000 women, according to election department head Ali Murad. The voting age is 21 and servicemen are barred from casting a ballot.
A majority of the 50 MPs in the dissolved parliament along with hundreds of other candidates are expected to contest the election.
But the Islamist Ummah (nation) party, launched last year as the first political party in Kuwait and the Gulf Arab region, said Wednesday it will boycott the polls because of alleged corruption and vote-buying.

Tuesday, May 16, 2006

Iran prepares for new round of executions in Ahwaz

May 13, 2006 - Ahwazi Arab activists are warning of a potential massacre in Ahwaz as the Iranian regime prepares to execute up to seven Arabs in its campaign to stop anti-government unrest in the region in the southwest of Iran.

The Governor of Khuzestan has promised more "trials" and executions of Ahwazis, according to IRNA, an Iranian government news agency.

The British Ahwazi Friendship Society (BAFS) has received a list of seven Ahwazis currently in custody who are likely to be executed by the regime in the immediate future:

Ali Matouri Zadeh
Abdullah Abdulhousain Salman
Abdulamir Farajulla Chaab
Mohammad Chaab Pour
Khalaf Khazirawi
Malek Banitamim
Jalil Moghadam

Ali Matouri Zadeh's wife, Fahima Ismail Badawi, is also in custody. In March, she gave birth to a baby girl Salma in prison. At just under eight weeks old, Salma is the world's youngest political prisoner.

Ahwaz previously witnessed a wave of executions in March, including the public hangings of Ali Afrawi and Mehdi Nawaseri (seen above) following show trials over recent bomb attacks in the city. The executions were broadcast around the world, including a special report on human rights in Iran by the UK's Channel 4 News. The trials, televised "confessions" and executions were condemned by Amnesty International, the world's leading human rights organization.

Ahwaz is a focus of anti-government anger, with Ahwazi Arabs enraged by ongoing persecution, land confiscation, poverty and state terrorism. Unrest began in April 2005 after revelations that the government had a 10-year plan to reduce the Arab proportion of the province's population from 70 per cent to 30 per cent, contained in a leaked secret letter by former Vice-President Ali Abtahi (click here to download). Thousands have been arrested and scores killed since the uprising began.

Ahwazi activists have written to the British Ahwazi Friendship Society (BAFS) fearing a "big massacre in Ahwaz" and calling on the "international community to take a stand against this crime against humanity."

Monday, May 15, 2006

Discoveries increase Syrian oil prospects


February 11, 2006 - The UK's Emerald Energy and the Houston-based Gulfsands Petroleum say they may be sitting on between 560 million and 720 million barrels of oil and gas in fields near the Iraq border. This and other recent promising finds are stimulating fresh interest in Syria's oil and gas sector whose reserves have been falling sharply in recent years.

Current Syrian oil production, which provides two thirds of export receipts, is thought to be around 450,000 b/d down from a peak of 600,000 in the late 1990s and 530,000 only two years ago. Petroleum and Mineral Resources Minister Ibrahim Haddad oil says production peaked in 1997-1998 with a rate of decline measured at between 4-6 per cent a year.

According to Haddad, 'Our studies show this rate is expected to continue if no new discoveries are made with production falling to 370,000 b/d by 2012 and stabilizing at around 370,000 by 2030.'

Illicit imports of oil from Iraq during the last two years of Saddam Hussein's rule in Iraq helped Syria to sell more of its own oil to the international market. Exports rose nearly 18 per cent after the Kirkuk pipeline from Iraq to Banias was re-opened in 1999. .

Syria's efforts to reverse the trend in declining oil production have focused on switching oil-fired electric power plants to use natural gas in order to release as much crude for export as possible. The government has also intensified exploration and field development. Launch of a new round of tenders for oil and gas exploration is thought to be imminent.

US exit
The exit by some US oil majors such as ExxonMobil and ConocoPhillips has encouraged Syria to seek a more global involvement in exploration. Oil and Natural Gas Corporation and China National Petroleum Corporation, the leading oil firms of India and China respectively, have just finalized a joint $580 million acquisition of Petro-Canada's 37 per cent stake in Syria's Al-Furat oil venture operated by Royal Dutch Shell.

The acquisition includes shares in 36 producing fields which comprise the principal oil producing areas of Syria. These produced at average of 187,350 b/d in the first half of 2005. The asset is believed to hold reserves of 300 million barrels equating to 4.38 years of production at current rates.

Talks have also been held with French, Chinese and Russian companies to sign up for oil deals valued at more than $4 billion. Discussions have also been held with the Iran Oil Exploration Operation Company and with the Croatian oil and gas company INA.

Alternative partners
Canada's Stratic Energy and Kuwait Foreign Petroleum Exploration Company signed an agreement last year covering oil and gas exploration in a 5,000 square kilometers block in the Palmyra belt east of Damascus involving $92 million of investment. Russian company Tafneft is planning to sink three exploratory wells in south-eastern Syria.

Haddad has hinted that Syria may offer more favorable investment terms to foreign companies. 'They are continuously under review, and whenever we feel there are ways to improve terms for the investors we will do that.'

Friday, May 12, 2006

Iranian Basketball Team to visit Jordan

Iran will send its juniors' basketball team to Jordan on May 14 to take part in the west Asian competitions, the federation reported here Wednesday.
Amman, the Jordanian capital, is to host the tournament from May 15-19.
Jordan, Iran, Iraq, Yemen, Syria, and Lebanon will compete during the event. Iran's federation will name the players for the competitions next Saturday.

Sunday, May 07, 2006

World Islamic Funds & Capital Markets Conference in Bahrain


HE Rasheed Mohammed Al Maraj, Governor, Bahrain Monetary Agency welcomed 400 participants from more than 20 countries from around the globe to the second annual World Islamic Funds & Capital Markets Conference at a grand opening ceremony today at the Gulf International Convention Center in the Kingdom of Bahrain.
This conference is a unique platform to engage senior decision-makers in the global Islamic Fund Management and Investments Industry.

Recent studies indicate that Shari'ah-compliant assets, growing over the last 20 years, represent an estimated USD 300 billion banking assets & approximately USD 400 billion Capital Market activities. The estimated annual growth for Islamic Capital Markets ranges from 15% to 20%. Given this dynamic growth scenario, the theme of the conference 'Bringing Together Investors, Fund Managers & International Financial Institutions to Capture Growth Opportunities in Islamic Capital Markets' is geared towards realising opportunities in this sector.

Speakers from UK, USA, UAE, Kingdom of Bahrain, Pakistan, Malaysia, India, Kuwait and Kingdom of Saudi Arabia came together to identify new growth opportunities in the swiftly evolving Shari'ah-Compliant Funds Market and the rapidly increasing global Sukuk and Islamic Capital markets. WIFC & WICMC 2006 moderator William McSheehy of Bloomberg encouraged debate and facilitated discussions between the expert international panelists and audience.

Addressing the conference participants, HE Rasheed Mohammed Al Maraj, BMA Governor, said

'It is our constant endeavour to better the environment for Islamic funds and capital markets in the global investment market. Bahrain's advances in regulation of Islamic instruments have had a positive impact on this segment of the Islamic Financial industry that is on the rise and we are pleased to host this significant world conference in the Kingdom'.

Ijlal Alvi, Chief Executive Officer, International Islamic Financial Market led the discussions at the opening 'Regulatory & Business Open Forum' session that focussed on Effective Regulatory Frameworks for the Development of Islamic Capital Markets. He commented 'Islamic Capital Markets have the potential to reach several trillion USD. With the complexities of the Capital Market and the various instruments on offer or to be offered, clearly an international Islamic authoritative body is required to define and provide guidance on what is and is not permissible under Islamic Law'.

Islamic securities (Sukuk) are emerging as a significant class of asset for the Islamic Banking Industry. These were addressed at the next session 'Realising the Full Potential of the Global Sukuk Market' that focussed on overcoming obstacles to the growth of the sovereign and corporate Sukuk market, developing the secondary market for Sukuks: creating liquidity and exploring the potential for new international Sukuk issues. Speaking during the session, Ahmed Abbas, Chief Executive Officer, Liquidity Management Center, said 'As at the 1st Quarter of the year 2006, the size of the Sukuk market was approximately USD 14 Billion. Approximately USD 5 Billion issued by Sovereign entities and USD 9 Billion issued by corporate entities.'

The session also heard from Asad Zafar, Managing Director, Asset Finance and Advisory Group, HSBC Amanah and Fuad Al-Homoud, Head of Founder's Committee, Sokouk Exchange Center Co. (Tadawul).

In the following session 'Assessing Key Developments & Innovations in Islamic Funds' Abdul Rahman Mohammed Al-Baker, Executive Director-Financial Institutions Supervision, Bahrain Monetary Agency addressed the participants. Dhafer AlQahtani, General Manager- General Directorate of Specialised Funds, Al-Tawfeek Company for Investment Funds Ltd. spoke about Trends and Outlook for the Islamic Funds and discussed global trends and new developments.

The World Islamic Funds and Capital Markets Exhibition running alongside the conference was opened by the Deputy Governor of the Bahrain Monetary Agency, HE Anwar Khalifa Al Sadah and showcased leading Islamic financial institutions, conventional banks, consulting & advisory firms, IT solution providers and international media.

The sessions that followed included 'The Shari'ah Open Forum on Capital Markets & Investment Funds'; 'Global Perspectives on Islamic Funds'; and 'Exploring New Opportunities & Tackling Challenges in Islamic Capital Markets'.

On the sidelines of the conference a press conference and a closed door session on Capital Markets was held that was facilitated by Sokouk Exchange Center Co. (Tadawul).

At the end of the first day's proceedings, The World Islamic Funds Excellence Award and the World Islamic Capital Markets Excellence Award will be presented during the Awards Ceremony.

This will be followed by the Conference Luncheon hosted by the Bahrain Monetary Agency. The conference will feature several networking functions including the Gala Dinner themed Business Strategies for Global Markets that will be hosted by HSBC Amanah.

To explore Real Estate Funds, Venture Capital, Hedge Funds, Private Equity and Sector Funds, day two's proceedings will start with the session on 'Capturing Growth Opportunities in Key Islamic Fund Sectors'. The session will be delivered by Richard Thomas, Head of Islamic Financial Services, Islamic Asset Management and alburaq, ABCIB Islamic Asset Management Ltd; Mustafa E. Al - Saleh, Managing Director, Adeem Investment Company; Stella Cox, Managing Director, Dawnay, Day Global Investment Limited; Hany Shawky, Senior Investment Manager-Strategic Investment Group, Global Investment House and Mohamed Shaikh, Assistant General Manager, Head of Product Structuring, Al-Tawfeek Company for Investment Funds Limited.

The other sessions will include 'Institutional Investors & End-Users RoundTable'; 'Assessing Key Trends in Capital Markets' and 'International Perspectives on the Development of Islamic Capital Markets'.

The conference will conclude with 'The Investment Funds & Capital Markets PowerTable 2006' tomorrow. This is an interactive round table discussion group that will be led by Ernst and Young.

Speakers and panelists from McKinsey & Company, Islamic Development Bank (IDB), Al Tamimi & Company Advocates & Legal Consultants, King Abdulaziz University, Unicorn Investment Bank, Calyx Financial, Islamic International Rating Agency, Shari'ah Capital/ Meyer Fund Management, Calyon Corporate & Investment Bank, Norton Rose, Maybank Investment Banking Group, ABC Islamic Bank, Infrasoft Technologies, EFG-Hermes and Meezan Bank will also address conference participants on 7 & 8 May 2006.

The Strategic Partners & Associates of the conference include Bahrain Monetary Agency who are supporting the event, Strategic Partner McKinsey and Company; Platinum Strategic Partners Al Baraka Banking Group, Al Tawfeek Company for Investment Funds, Al Amin Bank and Al Baraka Islamic Bank; Gold Strategic Partners ABC Islamic Bank, ABCIB Islamic Asset Management, Adeem Investment Company and Infrasoft Tech; Sukuk Partner Sokouk Exchange Center Co. (Tadawul); Gala Dinner Host HSBC Amanah; Silver Strategic Partners & Awards Associate Ernst & Young; Silver Strategic Partner KPMG; Associate Sponsor Calyx Financial; Strategic Associate Al Tamimi & Company, Advocates & Legal Consultants; Development Associate International Islamic Financial Market; Technology Partner Path Solutions; Bronze Partner Zawya; Day 2 Conference Luncheon Host Financial Technologies; Lanyard Sponsor Shamil Bank; and Associate Supporters Bahrain Economic Development Board and General Council of Islamic Banks and Financial Institutions (CIBAFI).

Bahrain Financial Harbour, National Investments Company and Ohad Trusts are exhibiting along with the other partners and associates of the conference. (AME)

Monday, May 01, 2006

Work starts on a New International Exhibition Center in Abu Dhabi

ADNEC, the new Abu Dhabi National Exhibitions Company, announced today that it had already begun construction of a world-class exhibition complex in Abu Dhabi to benefit the UAE and Middle East markets.

The decision to build a new exhibition center for the UAE was driven by an in-depth review of the existing and potential exhibition market. The conclusion reached by the Government of Abu Dhabi is that the demand from visitors and exhibitors has expanded dramatically and significant opportunities exist for new international exhibitions and conferences. In particular, Abu Dhabi is emerging as a unique market and the massive developments that are planned will support a range of significant exhibitions.

The exhibition complex will include 57,000 square metres of gross exhibition floor space, a massive 21,000 square metres visitor concourse and 7,500 square metres of multi-purpose halls. The new center will also feature dedicated conference facilities for 1,200 people, banqueting areas and more than 30 high-specification meeting rooms.

The first phase of the project is already well under way and on schedule for completion by December 2006 to host the internationally recognised IDEX 2007 defence exhibition and conference. Built in the 'U-shape' that has proven so successful in the best venues in the world, the Center will contain a central landscaped plaza for outdoor events.

The focal feature of the complex will be an iconic soaring tower that will curve above the center and look out to the sea. Innovative in its design, the tower is a bold architectural statement that reflects ADNEC's plans to become an internationally recognisable venue. The tower will become the brand that promotes the venue and Abu Dhabi to the world.

ADNEC Chairman is His Excellency Sheikh Sultan Bin Tahnoon Al Nahyan.

The location for this center was carefully selected: close to the major hotel developments and a short distance from Abu Dhabi Airport. The site is only 35 minutes from Jebel Ali, Dubai. The surrounding road network has been planned to allow for easy access and exit to the center and multi-storey car parks will provide ample capacity for visitor and exhibitors.

The area surrounding the new center is scheduled for immediate development and will feature hotels, serviced apartments for 2000 people, 17 office towers, a marina development and a retail zone with over 100 outlets.

As part of the development, the existing Sheikh Zayed Grandstand will be refurbished and linked to the new halls. Within it will be offices, food courts and a range of companies servicing the exhibition industry.

Monday, April 17, 2006

Jordanian Prince marries Saudi Princess


Jordan's Prince Hashem on Saturday welcomed guests to the Royal Court, where King Abdullah hosted lunch for tribal and refugee camp leaders, journalists, diplomats, senior officials and officers in celebration of Prince Hashem's marriage to Princess Fahdah, daughter of Sheikh Mohammad Ben Ibrahim Ben Suleiman Abu Niyyan. The Monarch and other Royal family members also welcomed guests from Saudi Arabia and Oman. A captain in the Jordan Arab Army's 3rd Royal Rangers Battalion, Prince Hashem, born in 1981, obtained last year his undergraduate degree in comparative studies from Georgetown University's School of Foreign Services. He is the son of King Hussein and Queen Nour. (Photo by Yousef Allan)

Friday, April 07, 2006

The Fabulous Four Exhibits in Dubai


Dubai will host four food-production oriented exhibitions and scientific seminars in late April.

The four events take place simultaneously and have some overlapping interest for those associated with the food and agricultural sectors.
The events are: The Agri-Business Expo; the Mideast Poultry Show; the Middle East Flower and Garden Show; and the Middle East Aquaculture and Fishing Show.
They run from 22-25 April 2006 at the Dubai International Exhibition Center.
Agri Business Expo. Middle East is the 10th edition and its goal is to make a contribution in it's own special way by introducing modern technology and equipment to the Middle Eastern region and thereby influencing the development of the agricultural sectorThe event targets the rapidly evolving Agriculture, Floriculture, Horticulture, Irrigation, Animal Husbandry, Poultry and Aquaculture industries, and will be held in Dubai, the business hub of the Middle East.
The Four-In-One exhibition plays a very important role by promoting and networking the varied trade activities of the Middle East market such as date cultivation, farming, landscaping, irrigation systems, green houses, horticulture, fertilizers, agro-chemicals, agricultural and garden tools, coir products, fencing etc., and will also have a special focus on pest control.
The Middle East is undoubtedly one of the biggest consumer markets for poultry products and the show is specifically aimed at promoting the flourishing poultry industry in the region.A number of local and international dairy, poultry and animal feed companies will participate in this event, very much of it was evident in the last show, with a strong emphasis on incubators, farms and hatcheries, humidifiers, state-of-the-art poultry vaccine manufacturing technology, poultry processing and much more.
Last year the show saw tremendous growth, support and representation from all parts of the world. Two well attended Scientific Symposiums were conducted last year by Arab Poultry Breeders (OMMAT) from Saudi Arabia and (Middle East Agriculture Publishers) MEAP from Lebanon.
The Middle East Aquaculture & Fishing Show caters to the vast potential for fishing and fish farming methods being implemented in the Middle East and aims at tapping the same, the slow but steady growth of the event is ample proof that it has been acknowledged as the exhibition most befitting the industry. The innovative exhibition will offer exhibitors an ideal venue to cash in on the unique opportunities.Spanning all aspects of the industry the focus will be on hatcheries, fish farming, fish farming equipment, processing methods such as fish skinning and scaling machines, consultancy and diagnostic services, fish feed, insulated tubs and all fish related activities.
The Floriculture industry in the Middle East has undergone a revolutionary transition into hi-tech growing and distribution. The post-harvest technologies, proper packaging, efficient cool-chain and excellent transportation are the most critical elements in distribution of the flowers from the growers to the ultimate consumer in their freshest forms.
GARDENEX, formerly known as 'Agriflor' is a specialized floriculture event with an emphasis on cut flowers, flower care equipment, flower arrangements and anything to do with flowers. The exhibition is into its 5th year and owes its success to the increased representation and interest of the many countries which are rich with floricultural related industries, such as Thailand, Malaysia, Kenya and South Africa, Holland and France, Brazil and Venezuela which now recognize the growing potential of the Middle East Market.
The setting up of the US$ 300 million 'Dubai Flower Centre' as a Free Zone operation, gives a further boost to the event. The excellent infrastructure and world-class cool chain will be very instrumental in transforming Dubai into a specialized and highly efficient redistribution hub.
Feedback from both exhibitors and visitors has prompted GARDENEX go beyond the essentials of Floriculture and embrace all the other related service and product providers which support this industry. This will extend across both commercial and domestic applications. It will seek to encompass tooling and equipment, displays and fixtures, packaging and preservation, leisure (swimming pools), Furniture and general flower care. Plus of course the latest developments in what it takes to be a leader in this fast growing global industry.If you would like to attend or participate in these events please contact: http://www.mideastconsultants.com

Thursday, April 06, 2006

First Arab Catholic woman to be member of Israeli parliament


By Judith Sudilovsky, 4/5/2006, Catholic News Service (www.catholicnews.com)

JERUSALEM – Israel will have its first Catholic Arab female parliament member when Nadia Hilou is sworn in April 17 at the opening of the Knesset's 17th session.

Nadia Hilou, a Catholic and an Israeli Arab, is seen during a visit to the Hirsch Early Childhood Development Center in Jaffa, Israel, April 3. She won a seat in the Israeli parliament and will be sworn in April 17. (CNS)

The social activist for early childhood education and women's rights won the seat reserved for a woman candidate March 28.

Hilou, 51, national vice president of the Na'amat women's organization, said she first decided to enter politics in 1995 with the signing of the Israeli peace accords with the Palestinians.

She said she chose to run on the Labor Party ticket rather than with one of the Arab parties because she believes she can accomplish more as a member of a large political party. She described herself as a "woman of action."

"You can make changes when you are in a big party. You can have more influence, you can serve better," she said in a telephone interview. "I will continue in politics my work of 30 years regarding social issues, including the status of woman and equality and integration for the Arab sector. There is a clear gap from which Arab society is suffering."

With former labor union head Amir Peretz now at the helm of the Labor Party, it is the first time the Labor Party – or any party – has put social issues at the head of its agenda, said Hilou.

"The Labor Party has now clearly placed the individual at the center of its agenda," she said. "Peretz is a social activist, and I have worked with him in the past. He is a person of peace, both politically and socially. I know his history of fairness within the Arab sector. For him all races, creeds and religions are equal."

Although at first it looked like Kadima Party head and acting Prime Minister Ehud Olmert – a protege of former Prime Minster Ariel Sharon who founded the new party – was a shoo-in as the next prime minister, some Israeli newspapers have speculated that perhaps Peretz will have a better chance of forming a coalition. The Kadima Party won the most seats in the elections.

One of Hilou's main goals is the passing of a bill for free education – including university studies – for all. That would also allow more women in the workforce, she said. If the government is not able to provide funding for free higher education, her plan would include government interest-free loans, which would then be paid back at the end of the studies based on the assumption that the recipient is able to find employment that pays an average salary, she said. If the recipient is unable to earn such a salary, then the loan would become a grant, she said.

Many young Arabs in Israel complete their academic studies only to discover they cannot find suitable employment in their field and are forced to work in lower-paying jobs.

It is also important to work toward the integration of Arab women in the workforce while still following the tenets of societal traditions, added Hilou.

Establishing peace with Palestinians is a personal issue, she said. She has family members living in the Palestinian territories.

"We need to find a way to (continue) with the peace process," she said.

A mother of four, Hilou is one of only a handful of Catholics who have served in the Knesset since the founding of Israel in 1948.

As a member of St. Anthony Parish in Jaffa, Hilou said she still tries to attend Mass every Sunday despite her pressing schedule.

"I love to go to Mass; for me it is very important. I believe in my faith, and it is important for me to pass on these morals to my children," she said.

Hilou ran unsuccessfully for a Knesset seat in 1996 and 1999 and is the second Arab woman to serve in the Knesset. Hussniya Jabara was the first Arab woman and served in the Knesset 1999-2003 as a member of the Meretz Party.

Copyright (c) 2006 Catholic News Service/U.S. Conference of Catholic Bishops

Wednesday, April 05, 2006

Kuwaiti women vote for first time










Jinan Boushehri

Kuwaiti women have begun casting votes for the first time, less than one year after winning full political rights in the oil rich Gulf state.
Tuesday's by-election for a municipal council seat is being seen as a test-case of how women might fare in next year's parliamentary elections.
Two of the eight candidates running for the seat in the district of Salmiya, about 15 km southeast of the capital, are women.
They are Jinan Boushehri, 32, a chemical engineer who heads the food-testing department at Kuwait municipality, and Khalida al-Khader, 48, a US-educated physician and a mother of eight.
The seat became vacant when the council's speaker, Abdullah al-Mhailbi, was appointed to the cabinet in February.
Historic Voting began slowly as Tuesday is a normal working day, but is expected to pick up before ballots close at 8pm (1700 GMT).
The district has 28,000 eligible voters, 60% of whom are women.
Men and women are voting in segregated booths in accordance with a provision in the election law introduced last year by Islamist and conservative lawmakers.
Kuwaiti women were granted full political rights in a historic vote in parliament in only May 2005.
The government subsequently appointed two women members of the municipal council and named the first woman cabinet minister.
The council - a civic body that carries out tasks such as city planning, organisation and regulation of housing - has 16 members, 10 of whom are elected and the rest appointed by the emir.
Kuwaiti women will also be able to vote in the general election scheduled for 2007.

Tuesday, April 04, 2006

The first Library for Arabic Poetry opening in Kuwait


The Al-Babtain Central Library for Arabic Poetry will be inaugurated next Saturday under the auspices of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, said Monday the Director of Al-Babtain Foundation Abdul-Aziz Al-Babtain.

In a press conference held today, Al-Babtain said that the library's objective was to collect scattered Arabic poetry in an attempt to assist intellectuals in preserving their Arab identity.

"Establishing the library in Kuwait is an honor for us all, but the ownership of its collection will be to all Arabs," Al-Babtain said.

Al-Babtain stressed the importance of the project as change has been storming our region attempting to alter our heritage, noting that the library would preserve the Arabic Language and its poetic heritage.

The library, said Al-Babtain, contained 80,000 books, noting that the collection's number would double up this year as large number of books was still in storages waiting to be shelved.

He noted that the library contained tens of rare books, some of which dated back to the 15th century.

The library, he added, would also organize computer courses for people over 35-year-old and lectures concerning cultural issues.

The library's director, Suad Al-Atiqy, explained that the ground floor of the three-story library would contain references, periodical and rare documents in addition to lecture halls, multimedia rooms, internet laboratories, the Arab Information Bank and Ibsar Center for people with vision impairment.

The first floor, she added, would contain Arab poetry books and university thesis books; meanwhile, the third floor would be dedicated for Abdul-Karim Al-Babtain library, which contains very rare documents and books.

Al-Atiqy noted that all floors would have reading halls and access to the library's electronic index.
Established in 1989, Al-Babtain Foundation for Poetic Creativity is a cultural non-profit organization based in the Egyptian capital, Cairo. The foundation has been organizing semi-annual prizes for creative poets since 1990.

Friday, March 31, 2006

Italians find ancient tablets


(ANSA) - Rome, March 28 - Italian archeologists working in Iraq have found a trove of ancient stone tablets from the fabled civilisation of Ur .

The tablets bear around 500 engravings of a literary and historical nature, according to team leader Silvia Chiodi .

"This is an an exceptional find," she said, noting that the area in question had previously only yielded prehistoric artefacts .

She said the tablets, made of clay and bitumen, were discovered by chance at an archaeological site not far from the location of the ancient city .

"I was looking for a wall structure spotted by an airborne photo when I spotted a small inscription on bitumen and then realised it wasn't the only one" .

An expert on Sumerian civilisation, Giovanni Pettinato, said the finds probably dated back to one of Ur's most prosperous periods .

"The most surprising thing is the time span the tablets cover, ranging from 2,700 BCE, the First Dynasty of Ur, to 2,100 BCE, the Third Dynasty," Pettinato said .

"The place where the tablets were found, not far from the surface, leads one to suppose they contain information from a library," he said .

"There could be thousands of them down there" .

Chiodi said the tablets would probably occupy a prominent place in a new Virtual Museum of Iraq which Italy is building to show people what Baghdad's celebrated museum of antiquities looked like before it was looted in the wake of the 2003 US-led invasion of Iraq .

About a half of 40 star attractions of the museum have yet to be retrieved .

Of the 15,000 items taken from storeooms, 8,000 have not been returned despite an amnesty .

Ur, near the southern Iraqi city of Nassiriya, is cited in the Bible as the birthplace of the prophet Abraham .

It was the religious hub of Sumerian civilisation at the start of a series of dynasties that ruled Mesopotamia from around 4000 BCE .

Long before the Egyptians, the Sumerians invented the wheel and developed the first mathematical system .

The most famous classic of ancient literature, Gilgamesh, was written at Ur .

The most prominent monument at the site is the best preserved ziggurat, or stepped pyramid, in the Arab world .

It was built by the Sumerians around 4000 BCE and restored by Nebuchadnezzar in the sixth century BCE .

Tuesday, March 28, 2006

National Microfinance Bank inaugurated in Jordan


Their Majesties King Abdullah and Queen Rania receive Saudi Prince Talal Ben Abdul Aziz on Monday (Photo by Yousef Allan)

AMMAN (JT) — Their Majesties King Abdullah and Queen Rania on Monday received Saudi Prince Talal Ben Abdul Aziz, president of the Arab Gulf Programme for United Nations Development Organisations (AGFUND).

They voiced appreciation for the prince's role in serving the cause of development in Jordan, through AGFUND.

The pan-Arab organisation yesterday opened the National Microfinance Bank (NMB) in Amman, the first such institution AGFUND launches in the Arab world.

In addition to AGFUND, stakeholders include the King Abdullah II Fund for Development (KAFD) and the private sector.

The King and Queen held a lunch banquet in honour of Prince Talal attended by KAFD Board of Trustees Chairman Faisal Fayez, his deputy Bassem Awadallah and Adviser to the Arab Open University Mohammad Hamdan.

According to the KAFD, AGFUND seeks to assist Arab countries in establishing their own microcredit organisations to finance projects for the needy, while ensuring sustainability of the beneficiaries' financial income.

NMB, previously known as Bank of the Poor, works to finance productive projects for underprivileged segments of the society, spread a culture of microcredit and carry out activities that are likely to serve its mission.

Queen Rania attended the opening ceremony, along with Prince Talal and Professor Mohammed Yunis, president of Bangladesh's Grameen Bank and a microcredit pioneer since the 1970s.

Fayez, Labour Minister Bassem Salem and senior officials also attended the ceremony.

The official inauguration was in parallel with the opening of two other NMB branches in Karak and Zarqa. The bank hopes to expand its network to 13 branches, covering all of the Kingdom's districts.

On the sidelines of the ceremony, the NMB signed an agreement with the Queen Rania Society for the Welfare of Servicemen and Families, under which it will provide eligible families with small loans to improve their living conditions.

Under the agreement, the bank will also train staff working for the organisation.

In his address at the ceremony, Prince Talal praised the flexibility in procedures to establish the bank, voicing hope that the bank would help Jordan achieve its development goals, including one to reduce poverty by 50 per cent by 2015.

NMB Manager Bassem Khanfar highlighted Queen Rania's efforts to enhance the microcredit culture in the Kingdom.

The Queen, who has played a key role in supporting microprojects in the Kingdom, was named UN Microcredit Ambassador last year. She is also a board member of FINCA, an international organisation that provides financial services to the world's poorest families so they can create their own jobs, raise household incomes and improve their standard of living.

In his address at the opening ceremony, Professor Younis outlined the experiences of Grameen, noting that most beneficiaries are women.

Meanwhile, NMB Chairman Fadi Ghandour presented plaques to the Queen and Prince Talal at yesterday's ceremony.

Monday, March 27, 2006

Syria’s First Female Vice President

Somayya Jabarti & Abdul Maqsood Mirza, Arab News

JEDDAH, 24 March 2006 — Syria named a veteran former culture minister, Najah Al-Attar, as its first woman vice president, the official SANA news agency reported yesterday.

“Mrs. Najah Al-Attar was sworn in as second vice-president in charge of cultural policy by President Bashar Assad,” SANA said.

In Saudi Arabia, women were keen to hail the move as another step in the right direction of empowering qualified women for high positions of power. Fatin Bundugji, director of Women Empowerment & Research at the Khadija bint Khuwailed Center of the Jeddah Chamber of Commerce and Industry emphasized that “qualified” is the operative term.

“The fact that she’s a woman does not undermine the fact that she’s the most qualified one for the job,” Bundugji told Arab News. “The decision of her appointment as vice president was not gender-based, though the fact that she’s a woman is a plus for the women’s cause. Her appointment is based on qualification.”

Indeed, Attar, 68, has served as minister of culture from 1976 to 2000 and was most recently in charge of the ministry’s translation department. She holds a doctorate from Edinburgh University and has published a number of books.

Director General of the Khadija bint Khuwailed Center Nadiah Baashan said it was not only good news, but also righteous.

“Women are taking back their right that has been assigned by Islamic Law,” said Baashan. “The Holy Prophet (peace be upon him) had assigned to Nusaiba, daughter of Kaab, a role identical to the head of a market-inspection team. What is happening to women in the world presently is aberration from the right.”

Muna Abu Sulayman, executive manager of strategy at Kingdom Holding Company, agreed that Islam is not what has created the glass ceiling for women in the region. “Having a woman in such a position is a great step forward for all in the Middle East,” said Sulayman, who is also anchor of MBC’s “Kalam Nouaem,” a weekly social entertainment and variety television program. “It’s a step further in breaking the glass ceiling... Islam doesn’t prevent women from achieving these kind of positions.”

A male political science professor at a prominent local Saudi university who did not want to be named said the political shift in Syria is a part of a greater move where women, who are underrepresented in politics in the region, have no choice but to keep their eyes on the prize and grab the fruits of power through hard work and diligence.

“There’s no doubt that women are being driven to join the Arab political arena because men’s representation on behalf of women’s voices is poor if not totally dumb,” he said. “There’s no doubt that the majority of Saudi men dread the involvement and competition of women; it’s called intimidation and control-loss.”

Bashar last month appointed former Foreign Minister Farouk Al-Shara as first vice president, replacing Abdel-Halim Khaddam, who resigned last year. “Attar will be responsible for following culture policy according to the directions of the president,” SANA said.

Friday, March 24, 2006

US Freezes al Manar's Assets


March 23, 2006JS-4134
U.S. Designates Al-Manar as a Specially Designated Global Terrorist Entity
Television Station is Arm of Hizballah Terrorist Network
The U.S. Department of the Treasury today designated pursuant to Executive Order 13224 al Manar, a satellite television operation owned or controlled by the Iran-funded Hizballah terrorist network. Additionally designated today were al Nour Radio and the Lebanese Media Group, the parent company to both al Manar and al Nour Radio.
Al Manar and al Nour
Al Manar and al Nour are the media arms of the Hizballah terrorist network and have facilitated Hizballah's activities.
"Any entity maintained by a terrorist group – whether masquerading as a charity, a business, or a media outlet – is as culpable as the terrorist group itself," said Stuart Levey, Treasury Under Secretary for Terrorism and Financial Intelligence.
Al Manar has employed multiple Hizballah members. One al Manar employee engaged in pre-operational surveillance for Hizballah operations under cover of employment by al Manar.
Al Manar and al Nour have supported fundraising and recruitment efforts by Hizballah. Al Manar raised funds for Hizballah through advertisements broadcast on the network and an accompanying website that requested donations for the terrorist organization. As recently as late 2005, Hizballah-affiliated charities aired commercials on al Manar, providing contact information and bank account numbers for donations. Moreover, Hizballah Secretary General Nasrallah publicized an invitation for all Lebanese citizens to volunteer for Hizballah military training on al Manar and al Nour.
In addition to supporting Hizballah, al Manar has also provided support to other designated Palestinian terrorist organizations, including the Palestinian Islamic Jihad (PIJ) and al Aqsa Martyrs Brigade, notably transferring tens of thousands of dollars for a PIJ-controlled charity. PIJ is listed as a Specially Designated Global Terrorist and a Foreign Terrorist Organization by the U.S. Government, and is also named on the European Union's list of terrorist entities.
Hizballah Secretary General Hasan Nasrallah, along with Hizballah's Executive Council, managed and oversaw the budgets of al Manar and al Nour.
The Lebanese Media Group
The Lebanese Media Group is the parent company of both al Manar and al Nour. Prominent Hizballah members have been major shareholders of the Lebanese Media Group.
Background on Hizballah
Hizballah is a Lebanon-based terrorist group. Until September 11, 2001, Hizballah was responsible for more American deaths than any other terrorist organization. Hizballah is known or suspected to have been involved in numerous terrorist attacks throughout the world, including the suicide truck bombings of the U.S. Embassy and U.S. Marine Corps barracks in Beirut in 1983 and the U.S. Embassy annex in Beirut in September 1984. Hizballah also executed the 1985 hijacking of TWA Flight 847 en route from Athens to Rome and assumed responsibility for the suicide bombing of the Israeli embassy in Argentina in 1992. It also attacked the Israeli cultural center in Buenos Aires in 1994.
On January 25, 1995, the Annex to Executive Order 12947 listed Hizballah as a Specially Designated Terrorist. The Department of State designated Hizballah as a Foreign Terrorist Organization in 1997. Additionally, on October 31, 2001, Hizballah was designated as a Specially Designated Global terrorist under Executive Order 13224.
Today's action prohibits transactions between U.S. persons and the designated entities and also freezes any assets they may have under U.S. jurisdiction.
The U.S. Department of State added al Manar to the Terrorism Exclusion List (TEL) in December 2004. For more information on this action, please visit: http://www.treas.gov/cgi-bin/redirect.cgi?http://www.state.gov/r/pa/prs/ps/2004/40081.htm.

Wednesday, March 22, 2006

Seven new Iranian petrochemical plants to become operational soon

TEHRAN – Seven new petrochemical plants will come on stream in the next year (Iranian year starts March 21), noted here on Saturday, Oil Minister Kazem Vaziri Hamaneh.
Along with the crude oil sales, other oil products including petrochemicals as well as the natural gas are also exported, the minister said in response to a question asked by a reporter on why 100 years after the oil discovery in Iran the country was still a mere crude exporter.
The more we focus on the exports of our oil products the more value added we gain. However, the world is in need of energy too, the minister stated adding, therefore, "a portion of our exports should be allocated to the energy consumers," the Persian service of Fars News Agency reported on Saturday.
Hamaneh who was visiting an exhibition of the documents of Movement for Nationalization of Iran’s Oil Industry elaborated on the cultural aspects of the industry and maintained that, Iran’s oil industry is now free from colonial domination. The cultural aspect of the industry has had its influence on the lifestyle of the people of the southern parts of the country, he commented when referring to the transfer of the know-how and technology to the oil-rich Iranian regions particularly, in the south.

Tuesday, March 21, 2006

Dubai World Cup on 25 March 2006


Forget the Grand National, the Kentucky Derby and even the Arc de Triomphe. When it comes to money, the Dubai World Cup at the Nad Al Sheba Racecourse is the richest horse race in the world.
The mile-and-a-quarter group-one race for four year olds and above offers an incredible US$6 million prize fund, with US$3.6 million going to the winner. It is no surprise that the best horses, jockeys and trainers make the annual trip to the UAE.
Thoroughbred racing traces its roots back to the Middle East and its homecoming could not be grander. The magnificent Nad Al Sheba Racecourse boasts state-of-art facilities, including television monitors in all areas to ensure you miss none of the action. A visit to the track is a must for any race fan. Not only is the race of the highest caliber, but the floodlit sand and dirt track is superb.
Dubai is regarded as the "Pearl of the Arabian Gulf", and the city finds the perfect blend between the past and the present. The atmospheric old town, with its markets and alleyways, is contrasted with the ultra modern and cosmopolitan new town. The new town provides the biggest attraction away from the track - some of the best shopping on the planet.

Monday, March 20, 2006

UAE Central Bank to fight money laundering



UAE Central Bank to fight money laundering
BY HASEEB HAIDER
ABU DHABI — The UAE central bank in association with law enforcement agencies, has clamped down on attempts to launder money through the UAE in recent months, said Sultan bin Nasser Al Suwaidi, Governor, Central Bank of UAE, yesterday.
The central bank is closely monitoring charities and NGOs in the wake of a few attempts recently made to launder money through UAE.
"We are closely monitoring and following up any operation that could be an attempt to launder dirty money in the country," Al Suwaidi said.
"We are working in response to international calls to follow up and monitor operations and activities of charities to ensure that their funds are not used by terror groups," he told reporters on the sidelines of a seminar organised by the bank in cooperation with UK's Serious Organised Crime Agency (SOCA) and HM Revenue and Customs (HMRC).
Ministry of Labour and Social Affairs under a law of 1974, which regulates the activities of NGOs and charities is beefing up their licensing mechanism in a bid to monitor their operations.
Al Suwaidi said the UAE has given great attention to implement a national policy to encounter financial crimes, including money laundering and terrorism financing by evolving a proper legal framework and monitoring mechanism to check the inflow of dirty money into the country.
Governor said though the UAE is under threat of the global menace as other financial capitals, but the strong measures adopted till now have been quite successful, curbing the financial crimes effectively.
Describing anti-money laundering efforts as a battle which may take years to root it out completely, he said the Central Bank of UAE is discussing the possibility of signing an MoU with the Serious Organised Crime Agency of UK to share information and expertise in order to effectively check the financial crimes.
To a question, he said there were mechanisms to check the dirty money coming into the country from illegal channels even if it is invested into shares or real estate. Upon receiving information, the real estate and investments are confiscated before legal proceedings start against the concerned individual who is involved in the crime.
"There are ways to freeze and attach such properties and investments. But, the central bank gets involved in a final stage," Suwaidi told reporters.
He said: "The innovative methods adopted by the criminals involved in money laundering are a constant challenge to the authorities that is why, we are committed to continue improving and developing our legislation, systems, regulations and measures to encounter money laundering and to combat financial crimes and those behind executing them."
He said that following the biggest bank robbery in UK, central bank is monitoring the money transactions so as to check this money coming into the country. He said that recently 85 hawala dealers have been registered in the country while the money being remitted by generally blue collared class is insignificant.
Richard Makepeace, British Ambassador, said both the UAE and UK were convinced to enhance the cordial bilateral cooperation between the financial intelligence units in both the countries, in accordance with the requirements of the EGMONT Group and recommendations issued by the Financial Action Task Force (FATF).
Abdulrahim Mohammed Al Awadi, Head of UAE's Anti Money Laundering Unit, said that the MoU will outline avenues of cooperation, and exchange of information in combating money laundering.

Saturday, March 18, 2006

Arab Stock Markets Up After Record Plunge Last Week


Arab Stock Markets Rally After Record Plunge Last Week
Arab News - 18/03/2006
Arab stock markets rebounded over the past couple of days after an historical plunge that prompted intervention by respective governments.
However, analysts said yesterday they expected regional markets to remain wary of any significant advance in the short run, though blue-chip stocks stood to gain in the medium term, particularly early in April when first quarter results are due to come out.
Saudi Arabia will soon allow foreign residents to invest directly in the country's stock market as Custodian of the Two Holy Mosques King Abdullah on Wednesday instructed authorities to study measures for implementation soon.
Remarks by Chairman of the Kingdom Holding Company (KHC) Prince Alwaleed that he also intended to invest up to SR10 billion in Saudi stocks gave a boost to the Saudi stock exchange.
The Tadawul All-Share Index (TASI) plummeted 8.75 percent last week, closing on Thursday at 16,355.79 points, down from 17,924.70 points last week.
Saudi analyst Yousuf Qustantini predicted the rally would continue in the short term propelled by demand on blue-chip shares, but said its continuation in the long term would depend on "the availability of adequate liquidity" in the market.He advised small investors with little trading experience to stay on the sidelines in the forthcoming period and assign their decisions to investment funds.
The market turnover also dropped to SR60.84 billion last week compared to SR112 billion in the previous week.
The top losers for the week were Arab National Bank, Food Products Co., Eastern Agriculture, Filling & Packing Materials Manufacturing Co. and Qassim Agriculture.
Saudi Basic Industries Corp. (SABIC) shares fell 10.09 percent in a week to SR1,452 and Saudi Electricity Co. (SEC) shares by 10 percent to SR162.
In the telecom sector, shares of Saudi Telecom Co. (STC) dropped 9.30 percent in a week to SR926 and Etihad Etisalat by 8.03 percent to SR630.
"I believe regional stocks are in a consolidation phase after prices went down to levels where they appeared to provide a buy opportunity," Wajdi Makhamrreh, investment manager and head of brokerage at the Jordan Finance & Investment Bank, told Arab News.
"However, we do not rule out further downward corrections in the short term, but I believe first quarter results will give support to markets in the medium term," he said.
A substantial slippage at the Saudi stock exchange at the beginning of the week seemed to affect other Arab bourses particularly in Egypt, Jordan and Kuwait, which followed suit. The all-share price index of the Amman Stock Exchange shed 3.4 percent last week, closing on Thursday at 7,326 points, compared with previous week's close at 7,584 points, according to the ASE weekly report. "Most Jordanian stocks have ended up at logical levels and the market is passing through a consolidation phase," Bashar Amad, vice chairman of Amwal Invest Co. brokerage said. "Some investors have apparently come under psychological pressure as a result of slippage at other Arab stock markets," he added.
Kuwaiti stocks also plummeted last week and small investors reportedly staged a sit-in urging an intervention by the government.

The 13th Amman-Dead Sea Ultra Marathon

The 13th Amman-Dead Sea Ultra Marathon will take place on April 7th 2006; more than 2500 participants are expected to participate.
The Amman Dead Sea Ultra Marathon is a grueling test of endurance. The competitors begin at the high elevations of Amman and make their way down to the lowest point on Earth, in the desert of southern Jordan.
The race begins at 900 meters above sea level and ends 50 kilometers later at around 400 meters below sea level (yes, that's a difference of 1300 meters).
It is actually divided into three events: the half marathon of 21km, the standard marathon that is 42km and the ultra-marathon topping the bill at 52 hot kilometers along tarmac roads with no shade! Runners can take part individually or within a team of four. If you are not of peak fitness, possessed of a steely will and vaguely acclimatized to the temperature, it's probably best to observe rather than compete.
The marathon is a fund raising event co-organized by the Society for Care of Neurological Patients (SCNP) and the Amman Road Runners.
"Run To the Lowest Point on Earth"
The Dead Sea Ultra Marathon (DSUM) has witnessed over a decade of rising national and international recognition with the joint effort of the Society for the Care of Neurological Patients (SCNP) and Amman Road Runners, under the patronage of HRH Prince Raad Bin Zeid.
The DSUM is held annually every April on the second Friday, from Amman to the Dead Sea. It is the main fund raising event for the SCNP, which provides neurological patients with medical aid and covers the costs of necessary surgeries for the needy.
So far, the Society has contributed to the treatment of 940 cases at a value of nearly 520.000 JDs. The SCNP is funded by donations from individuals, public and private companies, annual membership fees, as well as proceeds of sports events. The Society anticipates expanding its role in the treatment of neurological patients and becoming a developmental organization—creating social and technical programs in cooperation with related official and non-official sectors.
The DSUM has had a successful record of accomplishment since it first started. Several world record runners and champions participated, the year 2005 run broke all records, it marked a turning point in the future of the event as a national and international athletic, touristic and above all charitable event with the continuous support of Jordanian organizations with more than 1600 runners representing 48 nationalities.
If you would like to participate please contact http://www.mideastconsultants.com

Tuesday, March 14, 2006

Gold Demand Up in the Kingdom


Gold Demand Rises 13% in Saudi Arabia
Arab News - 13/03/2006
JEDDAH, 13 March 2006 — Gold demand increased by 13 percent in Saudi Arabia, while it rose just five percent worldwide in 2005.
In Saudi Arabia, which represents a major market in the region, gold jewelry demand rose by 12 percent during the year compared to 2004, and by 13 percent in terms of both gold jewelry and retail investment sectors, according to the annual review of the regional office of World Gold Council (WGC) in Dubai.
This demand increase is due to the Kingdom's strong economy and the high spend capability. Also, it is expected that the demand will continue to grow similarly in 2006, especially in the context of the biggest budget ever announced by the Kingdom in addition to the increase of marketing activities by large scale gold jewelry manufactures and the WGC across the region.
The increase in gold demand prevailed in the Kingdom's neighboring Gulf countries including Turkey and Egypt. In the UAE, the total percentage of gold demand in 2005 remained positive to reach eight percent in spite of the small decrease in sales during the Q4 of the same year.
As for the other Gulf states like Kuwait, Bahrain, Qatar and Oman, the total increase in demand reached five percent. This increase is also due to high oil prices and strong economy conditions in those countries as well as tourism, especially in UAE, in addition to the increase of marketing activities which were put forward by gold jewelers and the WGC, such as Dubai Shopping Festival, Dubai Summer Surprises, gold festivals and gold jewelry exhibitions in Kuwait and Bahrain in cooperation with several official sectors, such as Dubai government, Gold & Jewelry Committee in Dubai, Dubai Metals and Commodities Center, Ministry of Commerce and Industry in Kuwait, tourism sector in the Ministry of Information in Kuwait etc. Likewise, the growth remained on the rise in Turkey, for the third year in succession, and in Egypt to reach an extra seven percent in Turkey and four percent in Egypt.
Worldwide, the demand has increased on gold jewelry by five percent in 2005 compared to 2004 to reach 2,736 tons. Likewise, demand on gold for industrial use has also increased by two percent to reach 419 tons. The demand on gold for investment has reached 600 tons with an increase of 26 percent for 2005.
According to the figures compiled by Gold Fields Mineral Services Ltd. for the WGC in London for Q4 as well as the whole year of 2005, a remarkable demand increase has been noted for the investment sector, which reached about 200 tons in Q4 of 2005. On the other hand, the gold retail market was affected negatively in Q4 due to the upward surge in the world gold price that resulted from the investment inflows. Selling gold for profit was the trend. In spite of this, the demand in Q4 was strong enough to absorb the extra 10 percent increase in supply and the 12 percent increase in the price. "The region's gold markets are getting used to the price of $500 per ounce, which is due to the confidence of consumers in gold, whether it is for investment and saving or for gold jewelry in modern life," Moaz Barakat, managing director of the WGC for the Middle East, Turkey and Pakistan said.
"In addition to the high world oil prices and the flow of liquidity, a weak dollar and an uncertain geopolitical situation in the Middle East have added to the glitter of gold and made it a major investment beneficiary besides local stock exchange markets and real state," Barakat said. Internationally, gold demand has also increased in India — the largest gold consumer market in the world — to reach 17 percent in terms of weight in 2005 (equivalent to 25 percent increase in terms of dollar value). Likewise, China too has recorded an increase in demand.
On the other hand, there was an exception in Europe where gold demand growth was negative for many economic reasons.
As for the United States, which ranks second largest in terms of gold demand in the world, the demand increased in 2005 for the first time since 2001 despite high-energy prices and the two large hurricanes lashing the country in Q4.

Friday, March 10, 2006

U.S. Treasury orders ties cut to Syrian Banks

March 9, 2006
Treasury Issues Final Rule Against Commercial Bank of Syria
U.S. Financial Institutions Must Terminate Correspondent Accounts
The U.S. Department of the Treasury today finalized its proposed rule against the Commercial Bank of Syria (CBS), along with its subsidiary, the Syrian Lebanese Commercial Bank, requiring U.S. financial institutions to terminate all correspondent accounts involving CBS.
The Commercial Bank of Syria is owned and controlled by the Syrian government, a designated State Sponsor of Terrorism since 1979. The Bank has been used by terrorists to move funds and has acted as a conduit for the laundering of proceeds generated from the illicit sale of Iraqi oil.
"The Commercial Bank of Syria has been used by terrorists to move their money and it continues to afford direct opportunities for the Syrian government to facilitate international terrorist activity and money laundering," said Stuart Levey, the Treasury's Under Secretary for Terrorism and Financial Intelligence (TFI). "Today's action is aimed at protecting our financial system against abuse by this arm of a state-sponsor of terrorism."
The Treasury's Financial Crimes Enforcement Network (FinCEN) today sent to the Federal Register the final rule that prohibits any U.S. bank, broker-dealer, futures commission merchant, introducing broker or mutual fund from opening or maintaining a correspondent account for or on behalf of CBS.
In May 2004, the Treasury found CBS to be of "primary money laundering concern" pursuant to Section 311 of the USA PATRIOT Act, and FinCEN issued a notice of proposed rulemaking. No one disputed the grounds for the finding or the need for protective measures.
"As a state-owned entity with inadequate money laundering and terrorist financing controls, the Commercial Bank of Syria poses a significant risk of being used to further the Syrian Government's continuing support for international terrorist groups," Levey added. "The serious risks posed by CBS have not been adequately mitigated by the Syrian Government's limited efforts to address deficiencies in Syria's financial system."
The Syrian Government continues to provide political and material support to Lebanese Hizballah and Palestinian terrorist groups. HAMAS, Palestinian Islamic Jihad (PIJ), and the Popular Front for the Liberation of Palestine (PFLP), among others, continue to maintain headquarters and offices in Damascus, from which their officers issue guidance and direct affairs. In January 2006, the Syrian Government hosted a meeting in Damascus between Iranian government officials and several designated terrorist leaders, including Abdullah Ramadan Shallah of PIJ, Ahmed Jibril of PFLP-General Command, Hassan Nasrallah of Lebanese Hizballah, and Khaled Mishal of HAMAS. The Syrian Government also continues to permit Iran to use Damascus as a transshipment point for re-supplying Lebanese Hizballah in Lebanon.
For more information on the Treasury's May 2004 designation of CBS as a "primary money laundering concern," please visit: http://www.treasury.gov/press/releases/js1538.htm

Contact information for the Syrian Bank is as follows:

COMMECIAL BANK OF SYRIA- HEAD OFFICE
YOUSEF AZMEH SQUARE
DAMASCUS
SYRIAN ARAB REPUBLIC
P.O.BOX 933
TELEX: 411205/411002
FAX: 963-11-2228524/2216975
TEL: 963-11-2218890-2222481

Thursday, March 09, 2006

Best Bids for Saudi Refineries


Oil Minister Ali Al Naimi of Saudi Arabia told reporters today in Vienna that ConocoPhillips had submitted the best tender for its 400,000 bpd Yanbu refinery, and Total SA for its 400,000 bpd refinery at Jubail. The bids are still being assessed and no decision on the awarding of contracts has been made yet. The refineries are expected to cost around $4bn-$5bn each.

Wednesday, March 08, 2006

The Dubai International Boat Show

Since it was first held more than a decade ago, the Dubai International Boat Show has grown in tandem with Dubais rapidly growing status as a major player in the world economy. The largest marine industry exhibition in the Middle East, the event is a classic showcase of yachts and boats from both local and international builders together with the latest innovations in marine equipment and accessories. The show will be held at the beautiful, expansive Marina in the world class Dubai International Marine Club, the regional hub for national and international water sports enthusiasts. Over the years the show has carved a niche for itself as the ultimate marine event in the region, Dubai International Boat Show 2006 promises to be, if anything, far bigger and better than ever before.
Date: Mar 14, 2006 - Mar 18, 2006
Venue: Dubai International Marine Club, UAE
Organizer: Dubai World Trade Centre LLC













If you would like to attend this event please contact: http://mideastconsultants.com

Tuesday, March 07, 2006

US Seeks Trade Pact with Oman

Monday, March 6, 2006 7:44 PM
The Bush administration is moving ahead with plans to establish a free trade agreement with Oman, despite the controversy over a deal giving a company in the United Arab Emirates significant control over six U.S. ports in the United States.
Deputy U.S. Trade Representative Susan Schwab says the free trade agreement - or FTA - will benefit workers in the United States and in Oman:
"The FTA will provide new market access opportunities for U.S. farmers, manufacturers, service providers, workers," said Susan Schwab. "It will also help to create an economic environment conducive to additional employment opportunities for the people of Oman."
Schwab made her comments before the Senate Finance Committee Monday, in the wake of an uproar over the Bush administration's approval of a deal to allow a company in the United Arab Emirates to operate terminals at six U.S. ports.
The administration has been accused of undermining national security by allowing the state-owned Dubai Ports World to take over significant operations at the ports. The controversy prompted the company to agree to a 45-day security review to allay concerns, although a growing number of U.S. lawmakers are calling for deal to be canceled.
The administration says the ports deal would not harm national security, and neither would a U.S.-Oman trade agreement. Deputy Trade Representative Schwab:
"As you know, whether it is through the World Trade Organization, the WTO agreement, or any of our free trade agreements, there are specific provisions where there are exceptions for essential security," she said. "No country would give up its ability to protect its own national security, and that is indeed the case with this agreement as well."
Schwab said the trade agreement would help support economic, political and social reforms in Oman, which she described as a key U.S. ally in the war on terrorism.
She said promoting trade is a key part of President Bush's vision for developing economic growth and democracy in the Middle East.
Edward Walker, President of the Middle East Institute and a former U.S. ambassador to the UAE, Egypt and Israel, agrees. He says the trade pact will help diversity Oman's economy and help promote stability.
"The problem Oman faces is that its oil reserves are decreasing while its population is increasing," said Edward Walker. "In the absence of economic diversification, Oman will face increasing problems in fulfilling the needs of its citizens, which may well lead to destabilizing trends in the society, trends that could work against U.S. interests. By anyone's reckoning, Omani reserves at current rates of production will be depleted in 16 to 22 years."
Like other free trade agreements the United States has brokered with other nations, the U.S. Congress will have to ratify this pact. And like previous trade accords, labor groups and their congressional allies are concerned about an erosion of U.S. workers' rights under this deal.
Thea Lee is policy director for legislation for the labor federation known as the AFL-CIO:
"Our argument has been that the worker rights provision in this agreement is entirely inadequate to ensure that workers human rights are respected," said Thea Lee.
Deputy Trade Representative Schwab argues otherwise, saying there are labor protections in the trade agreement.
David Hamod, president of the National U.S.-Arab Chamber of Commerce, notes that U.S. trade with Oman has been on the increase:
"According to our chamber's forecast for 2006, U.S. merchandise exports to Oman are on track to reach nearly $1 billion this year, which translates into more than 15,000 direct U.S. jobs," said David Hamod. "The 2006 figures represent an increase of nearly 56 percent over 2005, when U.S. merchandise exports totaled $593 million. The U.S. has become the third largest exporter to Oman behind the UAE and Japan."
The United States' effort to forge a trade accord with Oman is part of Washington's plans to establish a regional free trade agreement in the Middle East by 2013. It already has free-trade pacts with Jordan, Morocco, Bahrain and Israel.

Monday, March 06, 2006

Libya offers Tourism packages to see the Solar Eclipse

The Libyan National Tourism office is promoting trips to the North African country for those wishing to see the next solar eclipse that will take place on 29 March. The Libyans have made considerable effort to publicize the event and seek to attract tourists.

If you are interested in travelling to Libya for the event please contact: http://www.mideastconsultants.com

Arab Monetary Fund holds session on how to counter money-laundering and terror financing


Kuwait News Agency (KUNA) - 06/03/2006

AMF organized a work session on means to counter money-laundering and terrorism financing.

AMF Chairman and Director-General Dr. Jassem Al-Mannae, in an inaugural speech, said the session will cover global legislation governing money laundering and financing terrorism, tracking economic non-financial transactions relevant to real-estate and jewelry, as well as regulating professions related to accounting and legal practice.

He said due to their influence on financial and economic stability, as well as on a country's reputation, money-laundering and financial sources of terrorism should receive proper attention in terms of strategies.

Explaining that money laundering means hiding the source of the money that was obtained through illegal means, he noted that financial sources of terrorism are not necessarily from illegal business activities.

The session is organized in collaboration with the International Monetary Fund (IMF).


Established in 1976, AMF is a regional Arab financial institution aiming at integrating Arab economies, development of Arab Capital Markets and unification of Arab currencies.

Saturday, March 04, 2006

UK Minister for Trade and Investment to visit Libya 5 - 7 March 2006

Ian Pearson, Minister for Trade and Investment will visit Libya from 5 - 7 March to strengthen trade links between the two countries
The Minister will be accompanied in Libya by a 70-strong business delegation led by Scottish Development International, the Middle East Association and the British Council. The delegates will include senior representatives from HSBC Bank PLC, London and Glasgow Schools of English, International Power Associates and Emirates Bank.
Looking forward to his visit, Mr Pearson said: "I am delighted to be making my first trip to Libya as Minister for Trade and Investment and very keen to see our strong bilateral relationship developed further through increased trade and investment.
"Despite day-to-day challenges of the market, I am pleased to say that British interest in the Libyan market remains strong. A number of British companies are present in Libya and many more have expressed interest in pursuing business there and we are encouraging them to take a leading role as Libya's economic reform programme moves forward. The Minister will hold bilateral meetings with Libyan Ministers throughout his three-day visit. On 5 March, Mr Pearson will officially launch ELTEX English Language Training Exhibition and will deliver a keynote speech to the Scottish International and Middle East Association trade delegations. On 6 March, the Minister will meet representatives from Libyan government and members of the Libyan business community at the British Business Group and International Oil Companies Reception.

Friday, March 03, 2006

Wheat to Iraq

March 3 (Bloomberg) -- Australia's ABB Grain Ltd., CBH Group and GrainCorp Ltd. won a contract to sell wheat to Iraq, gaining an opportunity to replace Australia's monopoly wheat exporter AWB Ltd. during a kickbacks probe.

The three will work together to fill the order for as much as 350,000 metric tons of wheat, the companies said in a statement. Melbourne-based AWB agreed not to exercise a right to veto companies filling the order while it's under investigation for alleged illegal payments to Saddam Hussein's regime.

Prime Minister John Howard said this week that AWB's monopoly is open to question, raising the prospect that other companies may handle the forecast A$4.1 billion ($3 billion) in exports from Australia in the year ended June 2007. The contract would be the second time the nation, the world's second-largest wheat exporter, has sold wheat outside the monopoly.

``This could prove an important test case for the future of the wheat export industry,'' Greg Canavan, a senior equities analyst with independent researcher Fat Prophets, said in Sydney today.

Shares in AWB have slumped 36 percent since the inquiry started Jan. 16, plunging to their lowest in more than 2 1/2 years on March 1. They rose 26 cents, or 7 percent, to A$3.97 at the 4:15 p.m. close in Sydney on the Australian Stock Exchange.

Shares in Adelaide-based ABB, the nation's biggest barley exporter, have gained 8.5 percent since the inquiry started and stock in Sydney-based GrainCorp, eastern Australia's biggest grain handler, has risen 10 percent.

Willing

``AWB has confirmed that it is willing to provide access for Australian-owned grain trading companies to wheat from the national pool,'' Trade Minister Mark Vaile said in a statement. ``I encourage AWB to work expeditiously with these three companies to secure this opportunity.''

The contract would only be the second time Australia has exported a shipment of bulk wheat outside its monopoly system, David Ginns, the chief operating officer of the Grains Council of Australia, said from Canberra. The industry body could not give any details of that sale.

The contract would be worth about $50 million based on the current prices in Chicago.

Australia sold 1.5 million tons of wheat to Iraq in 2004-05 according to the Australian Bureau of Agricultural and Resource Economics.

On Feb. 14, it raised its estimate for the latest wheat harvest by 3.7 percent to about 25 million metric tons, which would be its second-biggest crop on record. Total wheat exports could be worth A$4.1 billion in the year ending June 30, 2007, according to Abare.

``AWB International believes that this arrangement is a positive outcome for Australian wheat growers,'' the company's spokesman Peter McBride said today from Sydney.

Separate Issues
Retired judge Terence Cole is investigating claims made in a United Nations report by former U.S. Federal Reserve Chairman Paul Volcker that AWB inflated wheat contracts and funneled $222 million back to Hussein through a Jordanian-based trucking company. Iraq last month refused to deal with AWB during the Cole inquiry.

Thursday, March 02, 2006

SOFEX 2006

SOFEX 2006 is in the final stages of preparation, with just over a month to go before the world's leading manufacturers of special operations and homeland security equipment converge on Amman, Jordan for the kick off of the exhibition on March 27th.

With a whole range of upgraded and expanded facilities, and the highest number of confirmed exhibitors in its history, the six in the series aims to re-enforce SOFEX as the most important event on the counter terrorism calendar.

Held under the Patronage of His Majesty King Abdullah Bin Al-Hussein and under the supervision of his Royal Highness Prince Faisal Bin Al Hussein, Chairman of the SOFEX board of directors, SOFEX 2006 will be a showcase of the latest and most up-to-date technologies used to combat terrorism. The Conference and Exhibition will provide the leading manufacturers and official military delegations from governments around the world, with the ideal opportunity to identify needs and acquire the resources that will keep citizens safe at a time when the threat of terrorism is prevalent around the globe.

Mr. Amer Tabbah, Managing Director of SOFEX 2006, stated, "Since the huge success of our 5th edition in 2004, we have invested in expanding and upgrading the SOFEX site to ensure that SOFEX 2006 is even better than the last edition. Furthermore we have now been accredited by the US Department of Commerce, as well as being awarded similar classifications from numerous European countries, showing the global trust and belief held by many in the SOFEX series.'

Mr. Tabbah added "Previous exhibitors will be present again, whilst we have also witnessed substantial interest from manufacturers around the world for whom this will be their first visit to SOFEX.

To cater for the increased number of participants this year, new halls were constructed for the exhibitors to display their equipment, special chalets were built for visitors to meet in private and the site was expanded to cater for more live demonstrations and mobility displays.

Mr. Tabbah added "The SOFEX site has been equipped with all the latest facilities to meet the needs and expectations of our guests. SOFEX is a world class venue, for a world class event and this has been verified by the number of repeat visitors growing year on year.'

Mr. Tabbaa added "We have also upgraded our media facilities to ensure the needs of our Media guests are well taken care of. Our new media center is equipped with all the latest technologies, which will allow the media to effectively cover all the activities and latest developments and news from SOFEX on a daily basis.'

It is also worth mentioning that many of the manufacturers of the burgeoning Jordanian defence industry will be attending SOFEX 2006. Manufacturers such as Jordan Aeronautical Systems, Jordanian Private Jets, Jordan Aerospace Industries, Fawaz Al Saraireh Trading AMITC, M.S. Jaffar & Son's Company will be participating, as well as the King Abdullah Design and Development Bureau (KADDB), a Jordanian research and development facility created to provide a one-stop solution for the supply of defense and commercial equipment optimized to the requirements of the Middle East.

If you would like to participate in SOFEX 2006 please contact: http//www.mideastconsultants.com