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Dubai police chief warns of Muslim Brotherhood threat

DUBAI | Thu Jul 26, 2012 5:28am EDT

(Reuters)Dubai’s chief of police has warned of an “international plot” to overthrow the governments of Gulf Arab countries, saying the region needs to be prepared to counter any threat from Islamist dissidents as well as Syria and Iran.

The comments by Dahi Khalfan, one of the most outspoken security officials in the United Arab Emirates, follow the detention in the UAE since April of at least 20 dissidents, according to relatives of the detainees and activists.

“There’s an international plot against Gulf states in particular and Arab countries in general…This is preplanned to take over our fortunes,” Khalfan told reporters at a gathering late on Wednesday marking the Muslim holy month of Ramadan.

“The bigger our sovereign wealth funds and the more money we put in the banks of Western countries, the bigger the plot to take over our countries…The brothers and their governments in Damascus and North Africa have to know that the Gulf is a red line, not only for Iran but also for the Brothers as well.”

Most of the detainees since April are Islamists, targeted by an official clampdown amid concern they may be emboldened by the rise of the Muslim Brotherhood in other Arab countries such as Egypt.

UAE Interior Ministry officials have not been available to comment on the arrests. Last week, UAE officials announced that authorities were investigating a foreign-linked group planning “crimes against the security of the state”.

“I had no idea that there is this large number of Muslim Brotherhood in the Gulf states. We have to be alert and on guard because the wider these groups become, the higher probability there is for trouble,” Khalfan said on Wednesday.

“We are aware that there are groups plotting to overthrow Gulf governments in the long term.”

The rise of the Muslim Brotherhood in the Arab world poses a serious threat to Gulf states, Dubai’s police chief said, as he warned of an “international plot” to overthrow Gulf rulers.

Dahi Khalfan, one of the most outspoken security officials in the United Arab Emirates, also accused Shi’ite power Iran and its ally Syria of interfering in the Gulf states, most of which are ruled by Sunni Muslim monarchies.

At least 20 dissidents, most of them Islamists, have been detained in the UAE since April, according to relatives and activists, amid concern they may be emboldened by the rise of the Muslim Brotherhood in other Arab countries such as Egypt following popular protests.

Gulf Arab states are also wary of Iran which some governments suspect of stirring up unrest in their countries and harboring expansionist ambitions.

“There’s an international plot against Gulf states in particular and Arab countries in general … This is pre-planned to take over our fortunes,” Khalfan told reporters at a gathering late on Wednesday marking the Muslim holy month of Ramadan.

“The bigger our sovereign wealth funds and the more money we put in the banks of Western countries, the bigger the plot to take over our countries.”

Last week, UAE officials announced that authorities were investigating a foreign-linked group planning “crimes against the security of the state”.

“I had no idea that there is this large number of Muslim Brotherhood in the Gulf states. We have to be alert and on guard because the wider these groups become, the higher probability there is for trouble,” Khalfan said.

“We are aware that there are groups plotting to overthrow Gulf governments in the long term.”

“The brothers and their governments in Damascus and North Africa have to know that the Gulf is a red line, not only for Iran but also for the Brothers as well.”

He did not mention other countries, but some Gulf Arab leaders have implicitly accused the United States, a key ally, of supporting Islamists including the Brotherhood as they came to power over the past year in Egypt and Tunisia.

The Gulf states have also been alarmed by pro-democracy protest movements closer to home in Bahrain and Yemen.

Khalfan’s comments have caused controversy in the past. Last month Egypt’s Foreign Ministry summoned the UAE ambassador to clarify statements by Khalfan on Twitter that were an “attack on Egypt”, according to Egyptian state-run media, which did not cite the remarks that caused offence.

The police chief said on Wednesday that his tweets on local and regional politics were personal and did not necessarily reflect the views of the government of Dubai.

(Reporting by Mirna Sleiman; Writing by Andrew Torchia; Editing by Pravin Char)

‘Muslim Brotherhood plotting against GCC states’

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DOHA: In a war of words with the Muslim Brotherhood, Dubai’s police chief reiterated his accusation that the Egyptian group is plotting a regime change in GCC states.

Lieutenant General Dahi Khalfan, Dubai’s police chief was quoted yesterday in an interview published in the Kuwaiti daily Al Qabas as saying that the Muslim Brotherhood, the main Islamist force that emerged after the Arab Spring, is plotting to take over Gulf countries.

“My sources say the next step is to make Gulf governments (their ruling families) figurehead bodies only without actual ruling. The start will be in Kuwait in 2013 and in other Gulf states in 2016,” Khalfan said.

Khalfan sparked a controversy after threatening earlier this month to arrest renowned Islamic scholar and leading Brotherhood figure, Dr Yusuf Al Qaradawi, for criticising the United Arab Emirates for deporting Syrian protesters.

Reacting to the developments in the UAE, Mahmoud Ghazlan, Spokesman of Muslim Brotherhood, condemned the arrest warrant for Dr Al Qaradawi, Head of the International Union of Muslim Scholars.

Challenging the UAE establishment, Ghazlan said: “The United Arab Emirates cannot dare to arrest Sheikh Al Qaradawi. It is just a physiological war and propaganda. The cleric cannot be arrested.”

Meanwhile, the UAE government has asked the Egyptian authorities to explain its stand on the statement of Ghazlan.

Notably, Dr Al Qaradawi recently criticised the decisions of UAE government to cancel the residency permit of Syrian expatriates for staging protests against Syrian regime in Emirates and withdraw the citizenships of six Islamists who were found involved in terrorism funding.

General Secretary of GCC Abdullatif bin Rashid Al Zayyan also criticised Ghazlan’s account as an ‘irresponsible statement’.

He added that the statement is also against the efforts of UAE and Egypt to strengthen the bilateral relations.

Khalfan, highlighting the credibility of his statement, said his information is based on “leaks” from Western intelligence sources and said this “had been known to us.”

“If these leaks from Western intelligence were to be correct, by 2016 all Gulf rulers will be just figureheads with no actual power. I am warning Gulf states about these groups”, Khalfan said.

All of the six hydrocarbon-rich GCC member states namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE have been governed for centuries by ruling families.

Khalfan said the alleged plot will begin in Kuwait because “it is ready more than any other Gulf state… this is a strategy.”

Sunni Islamists made an impressive show in a February 2 snap election in Kuwait, securing more than 20 seats in the 50-member parliament.

The Peninsula

OIL, CHINA, LIES, BIKE LANES: Jim Rogers Tells All To Business Insider

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China Photos/Getty Images

Mamta Badkar
Mar. 11, 2012

Years ago, Jim Rogers started the Quantum Fund with George Soros.  Now, the commodities guru works in Singapore, where he lives with his wife and two daughters.

Rogers spoke with Business Insider to discuss commodities, the global economy, his legendary career, and his life in Singapore.

What follows is the complete transcript of our interview with Jim Rogers.

Inflation, Commodities and the Consumer

What is feeding into oil prices at the moment?

Iran obviously, is one thing, but another is in the U.S. it’s the infrastructure problem. We have oil but it’s in the wrong places. On the east coast, they use imported oil, and imported oil is higher because of Iran. And it comes from Europe. North Sea production is in decline. There are supply-demand reasons that oil prices are high in many parts of the world. And known reserves of oil are in decline worldwide. And the IEA is going around telling people that known reserves are in a steady decline and we’re going to have a huge problem in a decade or two, a gigantic problem, unless somebody finds a lot of oil very quickly.  So underneath the supply-demand, shorter term it’s infrastructure and Iran probably.

At what level do you think oil prices will break the back of the American recovery?

We are going to have a slowdown. Such is the staggering debt that America has, it has caused more and more of a drag on our economy. I would also point out to you that every four to six years we’ve had an economic slowdown in the U.S., since the beginning of time, so by 2012, 2013, 2014, we are well overdue for an economic slowdown for whatever reason. Whether it’s caused by high oil or what, we’re going to have a slowdown in the foreseeable future.
How do you see oil prices impacting consumers in emerging markets, especially in Asia, when many of them are struggling to rein in inflation and drive growth?

Everybody is paying higher prices for oil and that obviously impacts consumption everywhere and its not just oil, its food and everything else that’s going up. There’s inflation everywhere, the U.S. lies about it, I mean the U.S. government lies about inflation but there’s inflation everywhere. I mean I don’t know if you go shopping, but if you do, you know prices are up. The government says they’re not, I don’t know where they shop. Everybody else’s prices are up.

If you could own / invest in just one commodity which would it be?

I guess it would have to be one of the agricultural commodities, it would depend on which is down the most but it would be agriculture I can tell you that.

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Giorgio Monteforti / Flickr

You said earlier this year that if gold moved towards $1,600 you would be interested in buying more.  Are you looking at gold now?

I’m certainly watching, if it goes below $1,600 I’m sure I’ll buy more. If it goes to $1,200 I hope I’m smart enough to buy a lot more. Gold has been up 11 years in a row now, which is extremely unusual for any asset. So it would not surprise me if gold doesn’t … continue to have a nice correction in 2012. If it does, if it does, I hope I’m smart enough to buy a lot more. I’m not selling. I’m not selling. I have not sold and will not sell until the bubble comes. There will be a bubble in gold some day but that’s ten years, I don’t know, several years from now. I hope I’m smart enough to sell when the bubble comes.

China and the emerging markets

You’re a China bull. Could you tell me the one thing that you think China bears have got wrong?

Not quite sure. If you mean the people who say China is going to explode. Those guys have been saying that for three years. I guess someday they’ll be right. So far they’ve been dead wrong, for years. There will be setbacks in China along the way. In America in the19th century we had 15 depressions with a capital “D,” we had no human rights, we had not much rule of law, (and we) had a horrible civil war, yet we became the most successful country in the 20th century.

China is going to have plenty of setbacks but what these guys are mainly missing is China has been in decline for three or four hundred years but started turning it around in 1978. And there’s a long history of entrepreneurship, capitalism, they have the brains, they have the know-how, there are many overseas Chinese who will bring back money and management ability. And the Chinese have a very, very high savings rate. They save over 35 percent of their income and so even if they start going off, they’ve got something to fall back on, as opposed to America and the rest of the world.

There was a housing bubble in urban, coastal real estate, which the government has popped purposely, I mean they knew what they were doing. But as far as, I mean Jim Chanos, says it’s going to be a thousand times worse than Dubai. Well that shows he doesn’t understand Dubai, and he doesn’t understand China. Now I’ve told him this to his face though, so I’m not talking behind his back. China is vastly different from Dubai, vastly.

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AP Images

Could you explain how Dubai and China’s real estate property problems differ?

Dubai was building its plan, its economic plan was to build an economy based on real estate speculation. It didn’t have anything else. It didn’t have oil, natural resources, it had a small population etc. and there was gigantic real estate speculation in construction. China has huge amounts of stuff. It has a growing population. It has vast natural resources, not enough, but it’s got some. And then all those natural resources in Siberia which they can tap and they’ve got huge financial reserves. Dubai does not. Dubai has a rich big brother, but that’s all Dubai has and China has it all – resources, cheap labor, discipline, educated labor and vast markets. 

China lowered their growth rate, wage inflation is worrying and it’s the year of leadership change. Do you think China is in control in terms of their property prices and economic growth…

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School students make a formation depicting the new symbol of the Indian Rupee in Chennai

I doubt the government planned to have a bubble. They got a bubble. I mean they’ve been trying to cool it off and they’ve done so. As far as the lower growth rates, I don’t pay attention to government growth figures because they’re all phony. Nobody knows how much China is growing, including China. I don’t pay attention to all of these figures. They’re not important to me. They’re irrelevant. China is certainly doing better than most countries and it will continue to do so. It will have setbacks. There’s nothing that says China should not have a recession. But China has a lot of money saved for a rainy day and when it rains they’re going to spend. America doesn’t have any money saved for a rainy day.  And when it rains we’re going to try to borrow it or print it,neither of which is good for America or for the world.

You have said previously that India is a great place to travel but not a great place for investors. What is the one thing that you do think makes a good investment opportunity in India?

Tourism. Tourism in India, partly because the Chinese can now travel and are traveling, and they’re very close and India is cheap. Indian tourism is going to be a wonderful, wonderful growth area in the next decade, or two, or three.

You have previously said those that invest in Myanmar could be rich in the next 20 – 40 years. Myanmar is beginning its process of reforms and is beginning to end its economic isolation form the West – what are your thoughts on Myanmar now?

China made the decision to open up in late ’78 but it took a while to put things in place. Myanmar has made the decision, they don’t even have their currency sorted out yet, so it’s going to take a while, but no ,everyday that goes by, I get more excited. Unfortunately I’m a citizen of the land of the free and we from the land of the free are not allowed to invest in Myanmar, it’s illegal. You could invest there, but I cannot.

Life in Singapore and career advice

What’s the one thing you miss the most about the U.S.? Conversely what’s the one thing Singapore has that the U.S. doesn’t?

Well I don’t really miss… I mean I go to the U.S., I was just there last week. My main complaint about Singapore is not a serious complaint but it’s not very bi-cycle friendly. The U.S. is much more bicycle friendly. I guess I wish Singapore were as bicycle friendly as parts of the U.S.

What’s your typical day like in Singapore?

“I take my daughters to school. We wake up at six because they have to get to school early. I take them on the bicycle, I come back, I exercise I have interviews while I’m exercising. I collect my daughters. I have lunch with them. Then in the afternoons I’ll have meetings, go on the computer or whatever. At night I’ll have dinner with my family unless we’re going out and then my wife and I will go out and do whatever the dinner is. And then I’ll go the disco. That’s a joke.

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What’s the best piece of advice you ever got?

“Buy low and sell high. When I went to wall street. Actually all the old guys used to say ‘figure out the money and you’ll figure out what’s going on’. And so I don’t know of any specific individual but that’s advice I got a lot of times.

What’s the worst job you have ever had?

“Worst job? I don’t remember. Maybe the U.S. army, but even that, I don’t ever remember having a bad job. I was a grocery store boy when I was a teenager but even that, I learned, I don’t remember being unhappy in any job I’ve ever had. In the army, I would have liked to have done other things with those two years but even those two years were not totally wasted.”

Read more: BI

UAE: FPSO BW Athena Leaves DryDocks World Dubai

UAE: FPSO BW Athena Leaves DryDocks World Dubai

Ithaca Energy Inc. revealed that the ‘BW Athena’ Floating Production, Storage and Offloading Vessel (“FPSO”) has departed Dubai Dry Docks World to be met by a dedicated guard vessel.

All FPSO production critical equipment was run and fully tested prior to vessel departure thus minimizing the period between arrival in the field and first production of oil.

Upon arrival in the field the BW Athena will be hooked up to the pre-installed production system. Hook-up will mark completion of the development phase and the Company anticipates that the production phase will commence in early Q2 2012. Production is anticipated to reach approximately 22,000 (1) barrels of oil per day (“bopd”), approx. 5,000 bopd (net to Ithaca).

Shipbuilding Tribune – UAE: FPSO BW Athena Leaves DryDocks World Dubai.

Polarcus Receives LoI for 3D Seismic Project Offshore NW Europe

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Polarcus Limited announces that the Company has received a Letter of Intent from an undisclosed client for a 3D seismic acquisition project offshore NW Europe.

The program will commence imminently and is expected to run for approximately 75 days.

About Polarcus

Polarcus is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals. The Company’s principal office is in Dubai, United Arab Emirates.

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