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Non-Oil Sector Driving Growth

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Non-Oil Sector Driving Growth VOL XXXVIII No. 304 (GGDN 024) MONDAY, 18th JANUARY 2016 200 Fils/2 Riyals AL Areen_6x1.pdf 1 1/17/16 10:50 AM VIVA Unlimited Postpaid 5 • Unlimited data (7GB)* • Unlimited calls (VIVA to VIVA) • Unlimited SMS (VIVA to VIVA) • Up to 90% off international calls** *Fair usage policy applies. **Offer valid for promotional period. n Work to begin on stalled project MANAMA: Work on the stalled Landmark Cityview real estate project is set to begin soon with the developer submitting a plan TIME TO PULL for construction due to take place from April until December this year, said a report in our sister paper Akhbar Al Khaleej. The work schedule has been submitted to the ministerial committee for urbanisation and infrastructure, Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa said yesterday. The panel tasked to study stalled real estate projects had obliged Cityview n The Premier Real Estate Company to carry out the scheme as per the schedule MANAMA: The Premier yes- required to enhance trade and in- BCCI amid current economic challenges. mega projects being implemented in the submitted by its board. The TOGETHERdustrial march in the kingdom, and The Premier stressed the need to main- trade, economic and investment sectors developer has been urged to terday called for maximum honour its commitments, failing support the private sector and busi- tain BCCI’s role as an entity that has wit- will bolster development. which the project will be referred efforts to boost Bahrain’s nessmen. nessed the kingdom’s progress, noting The Premier made the statements as to stalled real estate settlement economic growth. He praised the role played by the that Beit Al Tijjar has always been a plat- he received at Gudaibiya Palace yester- committee, he added. His Royal Highness Prime Min- chairman and board of directors of Bah- form to spur business in Bahrain. day Ruling Family members, senior of- ister Prince Khalifa bin Salman Al rain Chamber of Commerce and Indus- He said that unifying efforts in Beit Al ficials, businessmen and merchants, led n New sanctions Khalifa stressed the government’s try (BCCI) in business issues, calling for Tijjar will reflect positively on the trade by BCCI chairman Khalid Almoayed. WASHINGTON: The US imposed keenness to provide everything concerted efforts to achieve goals set by sector. He also expressed optimism that He lauded efforts of the private sector sanctions on 11 companies and and businessmen in supporting individuals for supplying Iran’s development efforts. ballistic missile programme, “The investment atmosphere in a move delayed by more Non-oil sector in the kingdom is known for its than two weeks so as not to endanger this weekend’s release diversity and ability to adapt to of US prisoners, sources said. global developments and create The US Treasury Department new opportunities,” the Pre- said it had blacklisted the driving growth mier said. UAE-based Mabrooka He called for more efforts to Trading, and its owner Hossein attract investments that support Pournaghshband for aiding MANAMA: Growth in Bahrain’s non-oil economy the national economy and gen- Iranian companies in acquiring remains broad-based with hotels, restaurants as well erate more job opportunities for carbon fibre for the missile as social and personal services continuing to post programme. Bahrainis. Smart diplomacy! – Page 2; Full strong figures, finds the latest survey. Mr Almoayed expressed The Bahrain Economic Quarterly (BEQ) by the report – Pages 16-17 Economic Development Board, reports that the gratitude to the Premier for country’s non-oil economy grew 4.2 per cent in the supporting the commercial and n Americans missing first nine months of the current fiscal year (April industrial march and backing 2015 to March 2016) showing continued resilience the private sector and business WASHINGTON: US and local and offsetting contraction in the oil sector. community. authorities are trying to find a Overall unemployment declined to its lowest level He stressed BCCI’s key role group of Americans reported in several years. The official unemployment rate held missing in the Iraqi capital and said the chamber values the Baghdad, the State Department steady at 3.1pc, reveals the report. Premier’s call to muster efforts The BEQ also highlighted expectations of further said last night. “We are working growth in key sectors such as infrastructure, with in Beit Al Tijjar, which will re- with the full co-operation of nearly $6 billion worth of projects allocated, $3.7bn flect positively on the commer- the Iraqi authorities to locate tendered and $1.3bn commenced to date. cial sector. and recover the individuals,” Sector resilient – Pages 18-19 BNI_4x3_GDN.pdf 1 1/17/16Audience 5:29 picture PM – Page 12 spokesman John Kirby said. n A car burns at the site of a bomb attack outside the house of the director of security for Yemen’s southern port city of Aden, Brigadier General Shalal Shaea, in Aden yesterday. Ten people, mostly civilians, were killed in the attack. Full report – Page 2 2 Gulf Daily News Monday, 18th January 2016 New Sharif bid to bridge Saudi and Iran divide ISLAMABAD: Pakistan’s Prime Minister Nawaz Sharif will Smart diplomacy! travel to Saudi Arabia and Iran today, in a bid to bridge the WASHINGTON: President Obama said. “We are going to growing divide between the Barack Obama yesterday remain vigilant about it.” two countries. heralded the release of Amer- For Obama, the diplomatic Sharif will fly to Saudi Ara- icans held prisoner in Iran breakthroughs are a validation bia today before visiting Iran’s and the full implementation of his early promise to deal di- capital Tehran tomorrow, Pa- of a historic nuclear accord rectly with nations such as Iran. kistan’s foreign office said in with the Islamic Republic, “America can do – and a statement yesterday. Army holding both up as victories has done – big things when chief General Raheel Sharif for “smart” diplomacy and we work together,” Obama will also accompany the prime fulfilment of his pledge to said. “We can lead this world minister during the visit. deal directly with enemies of and make it safer and more se- Islamabad has sought to the US. cure.” avoid taking sides in the esca- “This is a good day,” Obama The nuclear talks have lating dispute between Saudi said in a statement from the brought a sense of normalcy to Arabia and its main regional White House. “When Ameri- relations with the US and Iran, rival Iran, as it wrestles with its cans are freed and returned to with top officials from each own sectarian tensions at home their families, that’s something country in somewhat regular and works to bolster economic we can all celebrate.” communication. ties with both countries. The president spoke at the While Obama emphasised “Pakistan is deeply con- close of an extraordinary week- that the US continues to have cerned at the recent escalation end of diplomacy that saw the deep concerns about Iran’s de- of tensions between Saudi Ara- back-to-back release of five im- stabilising actions in the Middle bia and Iran,” the foreign office prisoned Americans and the ter- n Obama speaks about the release of Americans in the White House East and its threats to Israel, he said. mination of billions in interna- also opened up the prospect of “The Prime Minister has tional sanctions on Iran as part that continues to exist between new penalties yesterday on sile programme. Tehran working more co-opera- called for resolution of differ- of the nuclear accord. the US and Iran, the Obama 11 individuals and entities in- “We will continue to enforce tively with the rest of the world. ences through peaceful means, Yet underscoring the strain administration also announced volved in Tehran’s ballistic mis- these sanctions vigorously,” Within hours of the release of in the larger interest of Muslim the Americans, the US imposed unity, particularly during these sanctions against those involved challenging times.” in Iran’s ballistic missile pro- gramme as a result of Tehran’s Aden suicide bombing kills 10 firing of a medium-range ballis- France drug tic missile. ADEN: A suicide car bombing killed at least to General Shalal Shaea’s house in the that has rocked Aden, declared Yemen’s UN experts said in a report in 10 people, mostly civilians, yesterday in an Tawahi district of the port city. provisional capital after the government December that the missile test in trial tragedy attack on the residence of the police chief Eight civilians and two guards were was forced to flee Sana’a in September October violated sanctions ban- of Yemen’s city of Aden, officials said. killed, while the police chief was not hurt, 2014 after Houthi rebels swept into Sana’a. ning Iran from launches capable PARIS: A man who was left They said a bomber wearing an explo- the sources said. It was not immediately clear who was of delivering nuclear weapons. brain-dead after suffering seri- sives vest blew himself up at the entrance It was the latest attack in a wave of unrest behind the bombing. New sanctions – Page 16 ous side-effects during a drugs trial in France died yesterday. Five other volunteers admit- ted to hospital a week ago when the drugs trial went wrong were “in a stable condition”, the hos- pital in the city of Rennes said. The private laboratory Biotri- al was testing a new pain and mood disorder medication for pharmaceutical company Bial on humans for the first time to test the drug’s safety. A total of 108 volunteers took part in the trial.
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