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Arab States Weekly Review 17th – 23rd July 2010

admin — Mon, 26 Jul 2010 19:24:55 +0000

Avigdor Lieberman, foreign minister of Israel, stated that European governments should assist in making Gaza entirely independent. This would separate Gaza for good from the West Bank, and lighten Israel’s obligations towards its citizens. PM Benjamin Netanyahu disagreed, suggesting strains within his coalition.

Dubai-based airline Emirates announced an order of 30 Boeing 777 passenger jets, a deal worth $9.1 billion. The announcement comes just a month after the company placed a record $11.5 billion order for 32 Airbus A380 super-jumbos.

Arab States Weekly Review 21-28 Nov 09

admin — Sat, 28 Nov 2009 08:07:28 +0000

Fears over the financial health of Dubai hit global stockmarkets, following a request by Dubai World for a 6-month delay of repaying its debts. The government-owned investment company has been hit hard by the credit crunch and is said to have debts of USD 60bn.

In order to revive peace negotiations with the Palestinians, Benjamin Netanjahu, prime minister of Israel, offered to put a hold on building settlements in the West Bank for a period of ten months. To the dismay of the Palestinians, the offers excluded East Jerusalem, existing settlements and settlements already under construction.

The parliament of Jordan was dissolved halfway its 4-year term by King Abdullah, following tensions between the government and Islamist opposition.

A row erupted between supporters of the Egyptian and Algerian football teams, following a victory by Algeria. Both sides accuse each other of violent attacks. Dozens were hurt in Egypt, Algeria and Sudan. The Arab League has asked President Ghaddafi of Libya to mediate in the conflict.

Arab States Weekly Review 14-20 Nov 09

admin — Sun, 22 Nov 2009 12:47:56 +0000

Fighting intensified in Yemen, where Saudi Arabian forces blockade the northern coastline and assist Yemeni government forces to clamp down on rebels loyal to the Houthi clan. The Houthis are a militant group of Zaydi Shia operating in the rugged northern area of Yemen.

Fatah, the Palestinian group in power in the West Bank, says that the UN should recognize an independent state in the West Bank territory, in response to a stalemate in the search for a settlement with Israel.

The Dubai Government Economic Committee reported its economy is growing at a rate of 5%, less than in previous years but still higher than the most cautious forecasts.

In Lebanon, Hassan Nasrallah was re-elected as the head of Hezbollah following a congress which also adopted the newest party manifesto.

Total net profits of listed firms on the Stock Exchange of Kuwait dropped by over 70% in the first three quarters of 2009, according to a recent economic report. The global financial crisis is to blame.