UAE says U.S. targeted only one bank over Iran

March 6th, 2012 by Oman Views




UAE says U.S. targeted only one bank over Iran

ABU DHABI (Reuters) – The United States has targeted only one bank in the United Arab Emirates (UAE), Noor Islamic Bank, over its business dealings with Iran, a UAE official said on Wednesday.

Asked whether the United States had complained about other UAE banks, Khalid al-Ghaith, UAE assistant foreign minister for economic affairs, told Reuters: “They were just talking about Noor Islamic Bank.”

He added, “We are still working with the U.S. government and continue discussing to protect our bank sector and companies and continue this dialogue. This is what we are doing as a government.”

Washington is pressing for banks around the world to cut ties with Iran as part of sanctions against Tehran’s disputed nuclear program.

Citing people briefed on the operation, the Wall Street Journal reported that under U.S. pressure, Noor Islamic Bank agreed in December to close off what they described as Iran’s single largest channel for repatriating foreign-currency oil receipts.

(Reporting by Martina Fuchs, Writing by Andrew Torchia, Editing by Sitaraman Shankar)

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Pakistan president goes to Dubai amid new crisis

January 13th, 2012 by Oman Views




Pakistan president goes to Dubai amid new crisis

Pakistan President Asif Ali Zardari was in Dubai Thursday for a brief scheduled visit, an aide said, against a backdrop of mounting tension as his government faces new challenges to its precarious rule.

The one-day trip came after a confrontation between Pakistan’s civilian leaders and the military over a probe into the government’s role in a scandal centred on a mysterious memo that sought US help in curbing the army’s power.

Pakistan has been under military dictatorships for about half its history since independence in 1947, its civilian leaders thrown out in three coups.

A planned meeting of core commanders and principal staff officers was held at the army’s headquarters in Rawalpindi on Thursday.

“The prevailing situation and security operations in the country were discussed,” said a senior security official, without giving further details.

Although Pakistan’s government now looks dangerously isolated, another coup is unlikely and early elections, possibly in the first half of this year, are a more plausible outcome, analysts say.

A close aide to Zardari told AFP that the president had gone to Dubai for a wedding “and may also have (a) routine medical check-up”.

“He will return tomorrow (Friday),” the aide said on condition of anonymity because he was not authorised to speak to media.

Zardari, who has a long-standing heart condition, spent more than a week in a Dubai hospital for treatment last month in a trip which triggered a frenzy of speculation and coup rumours.

The aide said the latest trip was a “private visit” and not linked to the crisis which erupted Wednesday when the army reacted angrily to criticism from Prime Minister Yousuf Raza Gilani over a probe into the “Memogate” furore.

The scandal centres on an unsigned memo allegedly sent by an aide of Zardari to the US military last May, apparently to avert a possible coup in the wake of the killing of Osama bin Laden by US Navy SEALs in Pakistan.

The memo pitted the powerful army against Zardari’s weak civilian administration and the Supreme Court is now tasked with deciding if the government endorsed the note, and if so, if it can remain in power.

But the accusation by the prime minister in Chinese media that the chiefs of the army and main intelligence agency had failed to make submissions to the court through proper government channels set the civilian leaders on a path for confrontation and was bluntly denied by top brass.

The army warned the comments could have “grievous consequences for the country”, triggering the immediate sacking of the defence secretary – a top government bureaucrat considered too close to the generals.

Gilani sought to minimise confrontation in the immediate aftermath of the latest row, but analysts believe the government could see its real test come when the court investigating the memo returns its findings.

Zardari has had difficult relations with the courts since he initially refused to reinstate the chief justice on coming to power in 2008 elections held after the assassination of his wife, former prime minister Benazir Bhutto.

That relationship has only worsened as his civilian administration has clung to power through repeated crises, with the judiciary bent on pursuing a host of long-running corruption cases against Zardari and other government figures.

The Supreme Court two weeks ago set up the Memogate commission. Top intelligence chief Ahmed Shuja Pasha has called for a “forensic examination” of the memo.

The government is due to set out its position to the commission on Monday and its findings are expected to be presented by the end of the month.

AFP News

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US seals $3.48B missiles, technology sale to UAE

January 10th, 2012 by Oman Views




US seals $3.48B missiles, technology sale to UAE

WASHINGTON (AP) – The United States has reached a deal to sell $3.48 billion worth of missiles and related technology to the United Arab Emirates, a close Mideast ally, as part of a massive buildup of defense technology among friendly Mideast nations near Iran.

Pentagon spokesman George Little announced the Christmas Day sale on Friday night. He said the U.S. and U.A.E. have a strong defense relationship and are both interested in “a secure and stable” Persian Gulf region.

The deal includes 96 missiles, along with supporting technology and training support that Little says will bolster the nation’s missile defense capacity.

The deal includes a contract with Lockheed Martin to produce the highly sophisticated Terminal High Altitude Area Defense, or THAAD, weapon system for the U.A.E.

Tom McGrath, vice president and program manager for Lockheed Martin’s THAAD program in Dallas, said in a statement it was the first foreign military sale of the THAAD system.

THAAD interceptors are produced at Lockheed Martin’s Pike County Facility in Troy, Alabama. The launchers and fire control units are produced at the company’s Camden, Arkansas, facility.

Wary of Iran, the U.S. has been building up missile defenses of its allies, including a $1.7 billion deal to upgrade Saudi Arabia’s Patriot missiles and the sale of 209 Patriot missiles to Kuwait, valued at about $900 million.

On Thursday, the Obama administration announced the sale of $30 billion worth of F-15SA fighter jets to Saudi Arabia.

Under the fighter jet agreement, the U.S. will send Saudi Arabia 84 new fighter jets and upgrades for 70 more. Production of the aircraft, which will be manufactured by Boeing Co., will support 50,000 jobs and have a $3.5 billion annual economic impact in the U.S.

All the sales are part of a larger U.S. effort to realign its defense policies in the Persian Gulf to keep Iran in check.

The announcement came as U.S. officials weighed a fresh threat from Tehran, which warned this week it could disrupt traffic through the Strait of Hormuz, a vital Persian Gulf oil transport route, if Washington levies new sanctions targeting Iran’s crude exports.

Under Secretary of State for Political Affairs Wendy Sherman, the third-ranking U.S. diplomat, will travel to Saudi Arabia and the U.A.E. next week to discuss “ongoing developments” in the region with senior officials of the two nations, the State Department said Friday.

By WILL LESTER | AP

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