Raissa's Feed
Dec 4, 2010

Iran tells Gulf Arabs it is no threat to region

MANAMA (Reuters) – Iran told Gulf Arab states on Saturday it was not a threat and wanted cooperation, in an apparent attempt to lower tensions after revelations that Gulf Arab leaders are deeply anxious about its nuclear program.

In his first trip to the region since WikiLeaks published U.S. diplomatic reports of Gulf Arab worries about Tehran, Foreign Minister Manouchehr Mottaki told a Gulf security conference in Bahrain a more powerful Iran was nothing to fear.

Dec 3, 2010

Gulf Arabs unfazed so far by WikiLeaks: royals

MANAMA (Reuters) – WikiLeaks disclosures have had no effect on Washington’s Gulf Arab allies because it is clear the cables do not reflect official U.S. policy, two senior ruling family members said on Friday.

The royals, one from Bahrain and one from Saudi Arabia, suggested in a debate at a Gulf security conference that final judgment on the leaks would have to await publication of all the quarter of a million cables obtained by the website.

Dec 1, 2010

Factbox: Key political risks to watch in Yemen

DUBAI (Reuters) – Yemen faces a series of trials, including rising al Qaeda militancy spreading beyond its borders, violence from southern secessionists and crushing poverty.

Yemen, a neighbor of top oil exporter Saudi Arabia, shot once more to the forefront of global security concerns in October when two air freight packages containing bombs — both sent from the country and addressed to synagogues in Chicago — were intercepted in Britain and Dubai.

Nov 29, 2010

WikiLeaks expose hidden Gulf views on Iran

RIYADH/DUBAI (Reuters) – The disclosure in leaked U.S. cables that Gulf Arab leaders want Washington to destroy Iran’s nuclear programme exposes long-hidden views that will kill any chance of detente with Tehran.

From Saudi Arabia, the world’s biggest oil exporter, to tiny Bahrain, Gulf Arab rulers revealed a reality they had spent years trying to hide publicly.

Nov 29, 2010

Analysis: Wikileaks expose hidden Gulf views on Iran

RIYADH/DUBAI (Reuters) – The disclosure in leaked U.S. cables that Gulf Arab leaders want Washington to destroy Iran’s nuclear programme exposes long-hidden views that will kill any chance of detente with Tehran.

From Saudi Arabia, the world’s biggest oil exporter, to tiny Bahrain, Gulf Arab rulers revealed a reality they had spent years trying to hide publicly.

Oct 8, 2010

Christians in Arab Gulf face hurdles to worship

KUWAIT/DUBAI (Reuters) – Every Friday in the Muslim Gulf Arab state of Kuwait, 2,000 Christians cram into a 600-seat church or listen outside to the mass relayed on loudspeakers, prompting their Catholic bishop to worry about a stampede.

“If a panic happens, it will be a catastrophe … it is a miracle that nothing has happened,” said Bishop Camillo Ballin.

Sep 30, 2010

How Dubai got serious

DUBAI (Reuters) – Once filled with the cacophony of cranes and construction labourers, Dubai today hums to the work of a quieter crowd. The brash Gulf emirate, renowned for extravagant real estate projects and flashy living, has turned into a city of auditors.

As they pore over the detritus of last year’s debt crisis, the city-state’s accountants and lawyers face a task as huge as Dubai’s ambitions. The emirate’s flagship firm Dubai World has agreed to repay $25 billion of debt — borrowings that nearly brought down the emirate’s economy.

Sep 30, 2010

Special report: How Dubai got serious

DUBAI (Reuters) – Once filled with the cacophony of cranes and construction laborers, Dubai today hums to the work of a quieter crowd. The brash Gulf emirate, renowned for extravagant real estate projects and flashy living, has turned into a city of auditors.

As they pore over the detritus of last year’s debt crisis, the city-state’s accountants and lawyers face a task as huge as Dubai’s ambitions. The emirate’s flagship firm Dubai World has agreed to repay $25 billion of debt — borrowings that nearly brought down the emirate’s economy.

Sep 1, 2010

Key political risks to watch in Yemen

DUBAI, Sept 1 (Reuters) – Rising al Qaeda militancy, a
surge in violence in a secessionist south and crushing poverty
will be this year’s critical tests for Yemen, neighbour to top
oil exporter Saudi Arabia.

Yemen, also trying to cement a truce to end a northern civil
war, has been a major Western security concern since a
Yemen-based regional arm of al Qaeda claimed responsibility for
a December attempt to bomb a U.S.-bound plane.

Aug 26, 2010

Dubai World sale of crown jewels seen as last option

DUBAI (Reuters) – Dubai World’s willingness to sell prized assets such as ports operator DP WorldDPW.DI to pay down its debt pile is considered such a drastic move that analysts see it more as a last-resort bargaining tactic.

Documents obtained by Reuters this week revealed the surprising news that the debt-laden conglomerate was willing to let go of “strategic assets” such as DP World, Jebel Ali Free Zone and Dubai Maritime City (DMC) as part of a $19.4-billion fundraising effort as it tries to reach a restructuring deal with creditors by Oct. 1.