President in UAE to condole death of Sheikh Ahmed
ISLAMABAD: President Asif Ali Zardari on Tuesday arrived United Arab Emirates (UAE) to offer his condolences to President Sheikh Khalifa bin Zayed al-Nahyan over the sad demise of his younger brother, Sheikh Ahmed bin Zayed al-Nahyan, Geo news reported.
Sheikh Ahmed bin Zayed died in a glider crash in Morocco on March 26, and his body was found from a lake south of Rabat after four days of search by rescuers. Sheikh Ahmed, a younger brother of Abu Dhabi’s ruler and the UAE President Sheikh Khalifa bin Zayed al-Nahyan, was the Managing Director of the Abu Dhabi Investment Authority.
He was no. 27 on the Forbes list of the world’s most powerful people last year and was in his early 40s.
Pakistan and UAE enjoy close and brotherly relations, with the two sharing their joys and sorrows and having multi-faceted ties and cooperation in every sphere of life and economy.
Full Repayment of Dubai Debt Still Option
DUBAI: Dubai, set to ask creditors for a standstill on restructuring some $22 billion in debt linked to troubled conglomerate Dubai World, may still repay lenders in full, a local newspaper said on Sunday, citing unnamed sources.
The National daily said two top Dubai officials, on a confidence-building mission to Britain and the United States in recent days, told financial leaders in London that repaying all bank loans in full “was discussed as a medium-term possibility.”
Sheikh Ahmed bin Saeed al Maktoum, head of Dubai’s Supreme Fiscal Committee and the uncle of Dubai’s ruler, and Mohammed al Shaibani, deputy head of the committee, met officials in London last Thursday before traveling to the U.S.
“They made clear there were a number of options the government of Dubai saw as feasible and desirable for Dubai World and repayment in full was one of them,” the newspaper quoted a person who attended the talks.
Dubai World will meet creditors on Monday and is expected to formally request a standstill on debt, mainly linked to its property units, Nakheel (NAKHD.UL) and Limitless World.
Dubai sent shockwaves through global markets on November 25 when it requested the standstill on $26 billion of debts. A $10 billion lifeline from neighboring Abu Dhabi last week helped it stave off default on a $4.1 billion Islamic bond, or sukuk, from Nakheel.
Full Repayment of Dubai Debt Still Option was first posted on December 20, 2009 at 8:21 pm.
Mortar Shelling In Mogadishu, 9 Killed
August 21, 2009 by Trend PK
Filed under World News
MOGADISHU: At least nine civilians were killed and 20 wounded overnight on Thursday in Mogadishu when Somali fighters and government forces exchanged mortar fire, witnesses and medical sources said.
The mortar fire started after the rebels attacked government positions in the southern part of the capital, they said.
“Five people were killed in a restaurant in the Bakara market area and seven were wounded,” a witness, Ali Mohamed Hassan, said.
Four other civilians were killed by mortars in other parts of the city.
“Two people were killed in a house right next to mine in Hararyale district. Everyone is traumatised by the bombs because they’re hitting heavily populated parts of town,” Mogadishu resident Ibrahim Moalim said.
In all, according to the city’s ambulance services, 22 wounded people were taken to the town’s various hospitals and two of them died on the way.
Somalia has been in chaos since 1991. Hizb al-Islam and the hardline Shebab armed group are the two main factions in the insurgency bent on toppling President Sharif Sheikh Ahmed and ousting African Union peacekeepers from the country.
Mortar Shelling In Mogadishu, 9 Killed was first posted on August 21, 2009 at 4:44 pm.
