gulf business | december 2010

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    41krmalrvo`bvv Hbfbilb| 4>

    TDXD\

    F|bhox |dxo`kv dkb`fy

    Aoxfj jdv daao|ibh

    Tdxd| Ovmdiof Ld`cv *TOL/

    me`k)xb|i ovvrb| hbadrmx

    *OH\/ dx D {oxj vxdlmb

    erxmeec. Xjb dkb`fy dmve

    daao|ibh vje|x)xb|i OH\

    dx A4- o`hoqohrdm |dxo`k dx

    F vr~~e|x |dxo`k dx 4 d`hvr~~e|x |dxo`k amee| dx D.

    Xjb erxv~ecb` FBE ea

    Tdxd| Do|{dyv fdrkjx

    xjb {e|mhv dxxb`xoe` e`fb

    dkdo` ly vmdiio`k Do|

    Fd`dhd ae| |bvx|do`o`k

    jov do|mo`bv dffbvv xe

    xjb Fd`dhod` id|cbx. Jb

    dmve dffrvbh xjb RV ea

    jy~ef|ovy o` xjbo| hbid`hv

    ae| xokjx do|mo`b vbfr|oxy.

    V~bdco`k dx d` dqodxoe`

    Fevie troxvlmefc 44Gd~d`v Fevie Eom jdv

    koqb` r~ e` feiib|fodm

    ~|ehrfxoe` a|ei xjb

    lmefc 44 eaavje|b eom aobmh

    o` Tdxd| d`h jdv leecbhd 6.2 lommoe` yb` *(86

    iommoe`/ v~bfodm mevv dv

    d |bvrmx. Gd~d`v aer|xj)

    lokkbvx eom |bao`b|- vdoh

    xjb ao|i d`h oxv ~d|x`b|v

    fermh `ex ao`h b`erkj

    eom |bvb|qbv o` xjb lmefc

    daxb| xjby jdh h|ommbh x{e

    x|odm {bmmv.

    Tdxd| xe vbx r~VIB lehyVdrho)ldvbh Fd~oxdvK|er~ O`xb|`dxoe`dm- d

    ibilb| ea xjb Ovmdiof

    Hbqbme~ib`x Ld`c

    K|er~- vdoh ox jdv {e`

    xjb bzfmrvoqb fe`x|dfx

    xe bvxdlmovj B`xb|~|ovb

    Tdxd|- xjb vxdxbv vidmm

    d`h ibhori b`xb|~|ovb

    drxje|oxy- mefdm ibhod

    |b~e|xbh. B`xb|~|ovb

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    d fei~|bjb`voqb

    o`a|dvx|rfxr|b xevr~~e|x b`x|b~|b`br|odm

    qb`xr|bv- fjdi~oe`

    o``eqdxoe` d`h aevxb|

    xjb k|e{xj ea lrvo`bvv

    frmxr|b o` fer`x|y.

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    Xjb eom id|cbx ov `ex

    eqb| vr~~mobh- Tdxd|o

    hb~rxy ~|biob| d`h eom

    io`ovxb| Dlhrmmdj lo`Jdidh Dm Dxxoydj- vdoh.

    O xjo`c xjb id|cbx ov

    qb|y vxdlmb- lrx {b d|b

    vbbo`k jokj o`qb`xe|obv

    o` exjb| fer`x|obv-

    jb vdoh- dhho`k xjdx

    fer`x|obv jdqb xe fe~b

    {oxj |ovo`k eom ~|ofbv. Jb

    vdoh (;>)(?> ~b| ld||bm

    {dv qb|y |bdve`dlmb

    ae| fe`vrib|v d`h

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    o`hrvx|y bqb`x o` Hejd-

    Dcld| Dm Ldcb| vdoh

    ibdvr|bv vrfj dv dvco`k

    ~dvvb`kb|v xe |bieqb

    xjbo| vjebv dx vbfr|oxy

    fjbfcv d`h |bieqo`k

    md~xe~v a|ei ldkv vjermh

    lb hoxfjbh.

    Veibxoibv {b d|b

    eqb||bdfxo`k- jb vdoh.

    Do|~e|xv- jb dhhbh- {b|b

    rvo`k bzfbvvoqb vf|bb`o`k

    {jofj dx xoibv |bdmmy idy

    `ex lb `bfbvvd|y.

    Jb vdoh do|mo`b

    fei~d`obv o` xjb [bvx he

    `ex jdqb xjb fd~dfoxy e|

    xjb fd~dlomoxy xe k|e{ d`h

    {b|b ~rxxo`k xjb lmdib e`

    Iohhmb Bdvxb|` fd||ob|v

    o`vxbdh ea ~rxxo`k xjbo|

    jervb o` e|hb|.

    Tdxd| Do|{dyv vmdiv

    eqb||bdfxoe` o` xjb [bvx

    FEI^D@_AEFRV

    O@@RILB\V

    6>>->>>Ld||bmv ~b| hdy ov xjb ~|ehrfxoe`

    a|ei Dm Vjdjbb` aobmh- eqb|vjeexo`k

    e|oko`dm bvxoidxbv ea 2>->>> ld||bmv.

    TD\:> l`Xjb feilo`bh dvvbxv ea Ovmdiof ld`cv o`

    Tdxd|- d aoaxj ea xjb xexdm mefdm ld`co`k

    vbfxe|v dvvbxv.

    Xjb o`hoqohrdm |dxo`k

    |bambfxbh TOLv ~evoxoe`

    dv xjb mbdho`k Ovmdiof

    a|d`fjovb {oxj d `bd|my 2>

    ~b| fb`x vjd|b ea Ovmdiof

    dvvbxv d`h `o`b ~b| fb`x

    eqb|dmm id|cbx vjd|b- o`

    dhhoxoe` xe xjb ld`cv jokj

    bd|`o`kv ~e{b| a|ei fe|bld`co`k d`h jbdmxjy fd~oxdm

    |dxoev. TOLv ar`ho`k

    ~|eaomb jdv vx|b`kxjb`bh

    {oxj xjb ld`cv |bfb`x

    (;2> iommoe` vrcrc xe

    leevx dvvbxv. Xjb ld`c dmve

    d``er`fbh d |bfe|hbh `bx

    ~|eaox ea TD\?>; iommoe`

    d`h e~b|dxoe`dm o`feib ea

    TD\4.;6 lommoe` hr|o`k xjbao|vx `o`b ie`xjv ea 4>.

    TOL mbdhv Ovmdiof a|d`fjovb o` Tdxd|

    Kbxxy

    Tdxd| Do|{dyv fjoba vdyvveib vbfr|oxy ibdvr|bvvjermh lb hoxfjbh.

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    4:krmalrvo`bvv Hbfbilb| 4>

    CR[DOX

    Cr{doxv Wdo` xbmbfei

    jdv dk|bbh xe e~b`

    oxv leecv ae| hrb homokb`fbxe RDB e~b|dxe| Bxovdmdx-

    {jofj jdv eaab|bh xe lry

    d fe`x|emmo`k vxdcb o` xjb

    ao|i {e|xj d|er`h (4?- hrb xe d

    vr|kb o` aeeh ~|ofbv- eaaofodm hdxd vje{v.

    C[H8 l`Xjb dier`x Cr{dox je~bv xe bd|` o`

    `e`)eom |bqb`rb o` 48- xjb ao`dm ybd|

    ea oxv aer|)ybd| hbqbme~ib`x ~md`.

    {e|c |btro|bh xe |bdfj

    hbao`oxoqb dk|bbib`xv fermh

    xdcb d `rilb| ea {bbcv-{jomb xjb x|d`vdfxoe` ov

    r`mocbmy xe fmevb lbae|b xjb

    b`h ea xjb ao|vx trd|xb| ea

    44- Bxovdmdx vdoh. Cje|dao

    K|er~ ov bvxoidxbh xe e{`

    d|er`h ~b| fb`x ea

    Wdo` d`h ov lbko``o`k xjb

    ~|efbvv ea femmbfxo`k

    xjb `bbhbh vjd|bv a|ei

    exjb| jemhb|v xe idcb r~

    xjb hbdm.

    Gdwbb|d |bxr|`vxe ~|eaoxdlomoxyGdwbb|d Do|{dyv- d

    Cr{doxo me{)fevx do|mo`b-

    ov fe`aohb`x ea vrvxdo`o`k

    ~|eaox o`xe `bzx ybd| d`h

    lbye`h daxb| |b~e|xo`kd` dmievx voz)aemh |ovb o`

    xjo|h)trd|xb| bx o`feib.

    Xjb fei~d`y o`fr||bh

    mevvbv o` xjb ~|bqoerv

    xj|bb trd|xb|v. @bx o`feib

    o` xjb xj|bb ie`xjv xe

    Vb~xbilb| 6> o`f|bdvbh

    xe C[H8.8 iommoe` ho`d|v

    *(42.; iommoe`/ a|ei

    C[H;16->>> o` xjb ybd|)

    bd|mob| ~b|oeh- id|co`k

    Gdwbb|dv lbvx trd|xb| o` oxv

    aoqb ybd|v ea e~b|dxoe`v.

    Eom ~|ofb xe |ovbo` 44F|rhb eom ~|ofbv {omm

    fe`xo`rb xe |ovb oa xjb RV

    hemmd|v {bdc`bvv ~b|vovxv

    d`h ~|ofbv ae| feiiehoxobv

    o`f|bdvb ar|xjb|- d ibilb|

    ea Cr{doxv Vr~|bib

    ^bx|embri Fer`fom- xjb

    fer`x|yv xe~ b`b|ky

    hbfovoe`)idco`k lehy-

    vdoh. Xjov {omm lb keehlbfdrvb xjb fevx ea moqo`k

    jdv |ovb` h|didxofdmmy o`

    xjb {e|mh- V^F Ibilb|

    Oidh Dm Dxoto- vdoh.

    Cr{dox irmmvjokjb| v~b`ho`kCr{dox ~md`v veib

    o`f|bdvb o` keqb|`ib`x

    v~b`ho`k o` xjb aovfdm

    ybd| vxd|xo`k D~|om 4-

    ao`d`fb io`ovxb|

    Irvxdad Dm Vjoidmo-

    vdoh. Jb vdoh ox {dv `ex

    ~evvolmb xe ~|bhofx xjb

    vowb ea xjb dhhoxoe`dm

    v~b`ho`k r`xom ibilb|v

    ea ~d|modib`x ibbx. Xjb

    ~md``bh o`f|bdvb o` xjb

    44)4< lrhkbx {omm

    aefrv e` o`qbvxib`xv

    dv ~d|x ea ao`d`fo`k xjb

    fer`x|yv hbqbme~ib`x ~md`.

    Cr{dox ov ~|b~d|o`k d

    |b)mdr`fj ea xb`hb|v

    ae| oxv Fmbd` Arbmv ~|egbfx-

    je~o`k xe kbx xjb vxdmmbh

    |bao`b|y iehb|`ovdxoe`

    d`h r~k|dhb ~|egbfx eaa

    xjb vxd|xo`k lmefcv ly

    ovvro`k xjb ido` xb`hb|

    ~dfcdkbv ly D~|om.

    Dffe|ho`k xe OJV Kmeldm

    ^\EGBFXAEFRV

    Fmbd` arbmv ~|egbfx |bao`b|y r~k|dhb

    ~|ek|diib xe lb |b)xb`hb|bhO`vokjx- xjb ~|egbfx doiv

    xe o`vxdmm dx mbdvx 6> `b{

    r`oxv dx Cr{doxv bzoxo`k

    Io`d Dlhrmmdj d`h Io`d Dm

    Djidho |bao`b|obv- b`dlmo`k

    xjbi xe ~|ehrfb arbmv ea

    xjb jokjbvx o`xb|`dxoe`dm

    b`qo|e`ib`xdm vxd`hd|hv

    ae| bz~e|x. Xjb fd~dfoxy

    xe ~|ehrfb arbmv {oxj

    d vrm~jr| fe`xb`x ea

    mbvv xjd` 4> ~d|xv ~b|

    {ermh dmme{ Cr{dox

    @dxoe`dm ^bx|embri

    Fei~d`y xe |bxdcb

    id|cbx vjd|bv o` xjb

    ievx hbqbme~bh id|cbxv-

    {jb|b b`qo|e`ib`xdm

    |bkrmdxoe`v dmve xb`h xe

    lb xjb jokjbvx.

    Kbxxy

    Wdo` ov o` xjb ~|efbvvea femmbfxo`k xjb`bbhbh vjd|bv a|eiexjb| jemhb|v xe idcbr~ xjb hbdm.

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    krmalrvo`bvv Hbfbilb| 4>

    @d{|dv jdv fei~mbxbh oxv O^E- {jofj |dovbh

    EI\4:< iommoe` *(8;< iommoe`/ d`h jdv movxbh e`

    xjb Irvfdx Vbfr|oxobv Id|cbx r`hb| xjb xofcb| vyilem-

    `{|v. Xjb o`oxodm id|cbx fd~oxdmovdxoe` ea @d{|dv{dv EI\821 iommoe`- ~evoxoe`o`k @d{|dv dv d xe~ aoqb

    Eid`o fei~d`y ly id|cbx fd~oxdmovdxoe`. Xjb O^E ov

    xjb md|kbvx xe xdcb ~mdfb o` xjb KFF vo`fb Grmy >?

    d`h {dv dmve xjb ao|vx eaab| o` Eid` xe lb fei~mbxbh

    rvo`k xjb leec lromh ibxjeh.

    LDJ\DO@EID@

    6>6> vbfe`hv xeidcb vb`vb

    ea xjb feaabb

    lrvo`bvv.

    Je{ {dv xjb feaabb lrvo`bvv daabfxbh ly xjb

    |bfbvvoe`5

    [b jdqb `ex lbb` daabfxbh ly xjb bfe`eiof |bfbvvoe`

    lbfdrvb {b d|b d ker|ibx `ofjb lrvo`bvv. Oa ~be~mb d|b

    meeco`k xe |bhrfb xjbo| lok bz~b`hoxr|b oxbiv- idylb xjby

    hoh`x lry xjb jeib bv~|bvve idfjo`b ~dfcdkb a|ei rv-

    lrx xjby {omm vxomm ~e~ o` d`h lry d feaabb bdfj hdy.

    Dv d` bz~e|x feiiehoxy- xjb ~|ofb ea feaabb o` xjb

    kmeldm id|cbx ov qemdxomb. Je{ he feaabb vje~ e{`b|v

    |bv~e`h xe xjbvb ~|ofb ieqbib`xv5[b jdqb lbb` dlmb xe jemh er| |edvxbh feaabb ~|ofb

    aozbh vo`fb o`fb~xoe` xj|bb ybd|v dke. Feaabb ~|ofo`k

    ov fe`x|emmbh e` d hdomy ldvov ly xjb @b{ _e|c Feaabb

    Bzfjd`kb- d`h dv d fei~d`y {b jdqb jdh xe dlve|l

    xjb qd|od`fbv.

    _er oi~e|x feaabb lbd`v a|ei Bxjoe~od- @ofd|dkrd-

    ^b|r- Femeilod- Bdvx Xoie| d`h Ibzofe. Je{ he xjby

    hoaab| a|ei e`b d`exjb|5

    Xjb xdvxb ~|eaomb ea xjb k|bb` feaabb lbd`v qd|obv ly

    e|oko`- hrb xe xjb iof|efmoidxb ea bdfj d|bd veom xy~b-

    |do`admm- vr`vjo`b- xbi~b|dxr|b- dkb ea ~md`xv- bxf. Dmm

    \d{ Feaabb Fei~d`y ~|ehrfx ov fb|xoaobh e|kd`of d`hado|my x|dhbh dx e|oko` d`h dmm a|ei xjb D|dlofd feaabb

    lbd` adiomy. Ae| bzdi~mb Da|ofd` lbd`v xb`h xe jdqb d

    ame|dm fox|rv amdqer| d`h Verxj Dib|ofd` lbd`v {omm jdqb

    d ie|b fjefemdxb)`rxxy amdqer|.

    Je{ he yer v~ex d keeh feaabb5

    Xjb|b d|b ve id`y fe`x|olrxo`k adfxe|v xjdx ke o`xe d

    keeh feaabb. A|bvj lbd`v- keeh btro~ib`x d`h keeh

    x|do`o`k. Keeh feaabb vjermh lb |edvxbh a|bvj d`h ov dx oxv

    ~bdc dx dlerx vbqb` xe 48 hdyv daxb| |edvxo`k. [jb` yer

    e|hb| d feaabb o` d fda e| |bvxdr|d`x- fjbfc xe vbb xjdx

    xjb feaabb je~~b| ov `ex armm ea k|er`h feaabb d`h xjdx xjb

    ~e|xdaomxb|v *xjb jd`hmbv xjdx yer ~rx xjb k|er`h feaabbo`xe/ ea xjb bv~|bvve idfjo`b d|b voxxo`k o` ~mdfb- d`h

    xjb|bae|b dx xjb fe||bfx xbi~b|dxr|b.

    Je{ hebv xjb jbdmxjy moabvxymb x|b`h daabfx

    yer| lrvo`bvv5

    Feaabb ov fmdvvoaobh dv e`b ea xjb vr~b| aeehv dv

    {oxj id`y aeeh k|er~v- iehb|dxoe` ov vb`volmb. A|bvjmy

    bzx|dfxbh bv~|bvve ov jokj o` d`xoezohd`xv- ox jdv d`xo)

    fd|fo`ekb`of ~|e~b|xobv- v~bfoaofdmmy ae| xjb ~|evxdxb- ov

    rvbh o` vco` ~|ehrfxv o` Gd~d`bvb jbdmxj v~dv- d`h

    jdv vxoirmd`x ~|e~b|xobv- {oxj fdaabo`b aer`h o` id`y

    ~jd|idfbrxofdm ~|ehrfxv vrfj dv ^d`dhem Bzx|d.

    Coi Xjei~ve`E{`b| d`h id`dkb|- \d{ Feaabb Fei~d`y

    O@@RILB\V

    :erx ea 4>Ldj|do`v vfe|b o` xjbBfe`eiof A|bbhei ea xjb

    D|dl [e|mh7 4> |b~e|x- idco`k ox xjb ievx a|bb

    bfe`eiy o` xjb D|dl {e|mh.

    Dm Cjdmomo xe |bqoqb O^E ~md`vDm Cjdmomo R`oxbh B`xb|~|ovb- xjb amdkvjo~ fei~d`y

    ea xjb Dm Cjdmomo K|er~- {omm |bqoqb oxv ~md`v xe

    amedx d` O^E- daxb| vbbo`k |bv~e`vb xe xjb @d{|dv vjd|b

    eaab|. Xjb fei~d`y ov ~md``o`k xe eaab| 8> ~b| fb`x ea

    oxv vxdcb o` xjb O^E- {jofj {dv ~evx~e`bh mdvx ybd| hrbxe vmrkkovj id|cbx fe`hoxoe`v. Xjb k|er~ {omm aemme{

    xjb x|dhoxoe`dm aozbh ~|ofb ibxjeh- r`mocb @d{|dv leec

    lromho`k ~|efbvv. Eid` D|dl Ld`c ov xjb ao`d`fodm

    dhqovb| d`h mbdh id`dkb| ea xjb ~|e~evbh O^E.

    Ldj|do` ov ievx xdz)a|ob`hmy vxdxbLdj|do` jdv xjb ievx fevx)fei~bxoxoqb xdz

    b`qo|e`ib`x o` xjb {e|mh d`h xjb ievx molb|dmovbh

    heibvxof ao`d`fodm vbfxe| erx ea 2; mbdho`k bfe`eiobv-

    dffe|ho`k xe xjb 4> Ao`d`fodm Hbqbme~ib`x \b~e|x

    ~rlmovjbh ly xjb [e|mh Bfe`eiof Ae|ri *[BA/.

    Ldj|do`v ld`co`k vyvxbi {dv dmve |d`cbh dv ao|vx o`

    xjb mdfc ea a|btrb`fy ea ld`co`k f|ovbv. Xjb |b~e|x ~rxv

    Ldj|do` ?.

    @d{|dv movxv e` Eid`

    @d{|dv fbmbl|dxbh oxv |vx hdy ea x|dho`k e` xjb Irvfdx Vbfr|oxobvId|cbx .

    krma~ofv

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    24/130 ybd|v. Xjov {omm oiibhodxbmy

    o`fb`xoqovb xjb ~be~mb {je {b|b o`xb|bvxbh o` mbdqo`k

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    bqb`xrdmmy xjb qdmrb ea xjb dvvbx {omm |bfeqb| eqb| xjb

    `bzx hbfdhb d`h xjdx {omm vxomm ibd` oa xjby jdqb d 6> ybd|

    erxmeec- xjby {omm idcb d fd~oxdm kdo` dv {bmm.

    [jy xjov ov `ex jd~~b`o`k ov dmve hrb xe k|bbh. K|bbh

    ly xjb ld`cv dv xjby d|b `e{ idco`k herlmb e| x|o~mb xjb

    dier`x O jdh ib`xoe`bh lrx ox ov ~d~b| ie`by xjdx jdv

    `e qdmrb r`mbvv veibe`b xdcbv ox r~.

    Xjb|b ov d vbfe`hd|y |bdve` ae|

    xjb ld`cv dv xjby d|b o` d trdkio|b

    xjdx xjby fd`x bzx|ofdxb xjbivbmqbva|ei. Eqb| xjb ybd|v ea >6 xe >:-

    xjby jdh xdrkjx xjbo| vjd|bjemhb|v

    xjdx herlmb)hokox hoqohb`h |dxbv

    {b|b xjb e|i.

    Xjby dmve ae|xofflbh xjov |ohofrmerv

    `exoe` ly ovvro`k le`rv vjd|bv.

    @e{ xjb vjd|bjemhb|v k|bbh jdv

    xdcb` eqb| |dxoe`dmoxy d`h xjdx ov xjb

    `e|i xjdx ov `e{ bz~bfxbh ly xjb

    vjd|bjemhb|v ea xjb ld`cv.

    Jb|bv d vrkkbvxoe`. O` e|hb| ae| ~be~mb xe hb~evox xjbo|

    ie`by {oxj xjb ld`cv- d`h x|rvx ib e` xjov- o`vxbdh ea

    aefrvo`k e` xjb hb~evox |dxb- xjb ld`cv vjermh aefrv e`frvxeib| vb|qofb. [jb` ld`cv eaab| d jokjb| |dxb xjd`

    xjb `e|i- ox rvrdmmy ibd`v e`b xjo`k. Xjby d|b hbv~b|dxb

    ae| motrohoxy xe vr|qoqb d`h xjdx ov `bqb| d keeh vok`.

    ^b|ve`dmmy- O {ermh |dxjb| jdqb d me{ |dxb {oxj d vemoh

    ld`c xjdx ov `ex dlerx xe femmd~vb xjd` d ld`c xjdx eaab|v

    ib d jokjb| ~b|fb`xdkb lrx ov e` xjb l|o`c ea femmd~vo`k

    hrb xe xjbo| ldh id`dkbib`x o` xjb ~dvx.

    _bv {b jdqb d |bdm |bdve` xe ied` d`h ybv xjb bfe`eiy

    fd` lb fflzbh. Xjb e`my trbvxoe` ov {jbxjb| dmm ~d|xobv

    o`qemqbh jdqb xjb {omm d`h vx|b`kxj xe idcb xjb fjd`kbv

    xjdx d|b `bfbvvd|y d`h xe vbb ox xj|erkj.

    Iovjdm Cd`ee- hb~rxy fjdo|id`- Cd`ee K|er~.

    XDCO@K XJB ME@K \EDH

    XE BFE@EIOF \BFEQB\_Xjb k|bbhy jdloxv ea ~|b)|bfbvvoe` hdyv d|b hyo`k jd|h lrx {b fd` kbx xj|erkj

    xjov ffl`d`fodm f|ovov ly fjd`ko`k er| dxxoxrhbv.IOVJDM CD@EE

    ^be~mb vjermh e{ ~dyldfc {jdx xjby e{bd`h moqb {oxjo xjbo|ibd`v. Ld`cv irvx

    dmve vxd|x kbxxo k |bdmd`h ex grvx je~b xjdx

    xjo kv {omm fe||bfxxjbivbmqbv o xoib.

    FEIIB@X

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    Bio|dxbv |o`xo`k |bvv {o`v xjb Vd~~o O`xb|`dxoe`dm |o`xb|v ea xjb

    ybd| d{d|h a|ei die`kvx 1->>> b`x|obv {e|mh{ohb.

    Die`kvx dmm xjb |bkoe`dm kemh {o``b|v a|ei Br|e~b- @e|xj Dib|ofd- Dvod- Iohhmb Bdvx ! Da|ofd- Drvx|dmdvod- Verxj

    d`h Fb`x|dm Dib|ofd {je fei~bxbh- {b+|b ~|erh xe lb fjevb` dv xjb {e|mh+v lbvx ~|o`xb| o` xjb idkdwo`b {bl

    ~|ehrfxoe`- d`h ~|erhb| vxomm ea xjb adfx xjdx ox ov d` bzx|d lemh dfjobqbib`x ae| xjb RDB.

    @E. O@ XJB B@XO\B [E\MH.

    44@E. O@ BR\E^B ! XJB IOHHMB BDVX.

    @E[-

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    Meeio`k ~|elmbiv o` O|bmd`h mb`h fdrxoe` xe Br|e)v~bfrmdxe|v- {jomb xjb RC~er`h d`h RV btroxobv fermh eaab| vr|~|ovo`k kdo`v.IDXBO@ CJDMOH

    o`f|bholmb voz ~b| fb`x. [o`xb| jbdxo`k eom hbid`h dme`b

    vjermh dmme{ f|rhb eom xe x|dhb dleqb (?>. Xjov idf|e

    iomobr ov elqoervmy lrmmovj ae| Vdrho ~bx|efjbiofdm

    vjd|bv- `exdlmy VDLOF- D^T d`h ^bx|e \dlokj- {jevb

    ~|ehrfx id|ko`v {omm |ovb bqb` dv e~b|dxo`k |dxbv bz~d`h.

    Ox ov e feo`fohb`fb xjdx Vdrho ~bx|efjbiofdm vjd|bv

    erx~b|ae|ibh xjb Xdhd{rm ly d adfxe| ea fflqb o` @eqbilb|.

    Xjov vbfxe| erx~b|ae|id`fb {omm fe`xo`rb o` Hbfbilb|.

    RV btroxobv jdqb lbb` e` d |emm vo`fb bd|my Vb~xbilb|

    d`h xjb V!^ 2>> o`hbz dhhbh > ~eo`xv xe |bkdo`

    oxv D~|om 4 ybd| hblx yobmhv d ib|b bqb` o` d

    fe||bfxoe` o` Hbfbilb|. Xjov ibd`v

    xjb o`hbz ar`h V^W ov d lry e` d`y

    ho~ lbme{ 44?> ae| d 42 ~b| fb`x

    xexdm |bxr|` ~exb`xodm o` 44.

    Kemh ov xjb e~xoidm |bvb|qb

    fr||b`fy o` xjb Br|e- hemmd| d`h yb`

    rkmy vxb~vovxb|v fe`xbvx. Dx (48>>-

    `b|qerv me`kv vjermh lb o`x|ev~bfxoqb dv kemh `e me`kb|

    eaab|v vxbb~ dhgrvxbh |bxr|`v. Dx 6> ybd| jokjv- vomqb| ov

    d` dffohb`x {doxo`k xe jd~~b`. Dmm dvvbx lrllmbv b`h o`

    xbd|v. Xjdx irfj- dx mbdvx- ov fb|xdo`.Xjb K) fe`fmdqb o` Vberm b`hbh {oxj ~|bhofxdlmb

    ~mdxoxrhbv. Xjb Fjo`bvb o`dxoe` hdxd d`h xjb O|ovj

    ldomerx |rier|v jdqb `e{ fer~mbh xe x|okkb| d kmeldm vbmm

    eaa o` |ovc dvvbxv d`h d |ovb o` xjb hemmd|. Xjb ffl`d`fodm

    id|cbxv- dv rvrdm- jdqb ~|ofbh o` d {e|vx fdvb vfb`d|oe

    ae| O|bmd`h d`h oxv `dxoe`dmovbh ld`co k vyvxbi. Vo`fb RV

    |bxdom vdmbv |evb ae| d aer|xj ie`xj o` Efxelb|- me`k)xb|i

    X|bdvr|y le`h yobmhv jdqb lbkr` xe ieqb vjd|~my jokjb|

    dv herlmb ho~ |bfbvvoe` |ovc ov ~|ofbh erx ea xjb le`h

    id|cbx. Xjov ov yb` lbd|ovj$

    Idxbo` Cjdmoh- ar`h id`dkb| o` d |eydm o`qbvxib`x

    eafflfb d`h {|oxb| o` ffl`d`fb d`h kbe~emoxofv.

    Xjb Abh- xjb K) fe`fmdqb o` Vberm- fr||b`fy {d|v

    d`h O|bmd`hv {ebv elvbvv xjb ffl`d`fodm id|cbxv.

    Xoib xe kdwb o`xe iy idf|e f|yvxdm kmdvv- bqb` dx

    xjb |ovc ea v{dmme{o`k f|rvjbh kmdvv. Xjb ae|bz

    k`eibv {b|b vjefcbh ly R`fmb Lb`v ie`by ~|o`xo`k

    v~|bb daxb| xjb Abhb|dm \bvb|qbv AEIF qexbh xe ~ri~

    (1>> lommoe` xe |bqoqb d ie|olr`h RV bfe`eiy. Xjov ibd`x

    xjb hemmd| ~mr`kbh dkdo`vx xjb Br|e d`h feiiehoxobv

    ved|bh e` vdab jdqb` e{v o` @eqbilb|. Je{bqb|- O|bmd`h

    jdv geo`bh K|bbfb dv xjb BRv bzx ~emofy okjxid|b d`h

    Hrlmo` iokjx {bmm lb ae|fbh xe ke fd~ o` jd`h xe xjb BFL%

    OIA dx d xoib {jb` Lb|mo` d`h xjb Bmyvbb dmdfb {omm ex

    dmme{ xdz~dyb| ldomerxv xe v~d|b ~|oqdxb o`qbvxe|v ~do`

    a|ei d ~exb`xodm hbadrmx. Xjov ibd`v Br|e)hemmd| fd` admm

    dv me{ dv 4.6< o` Hbfbilb|- ~d|xofrmd|my oa |ovc dqb|voe` o`

    xjb veqb|bok` hblx id|cbxv fe`xo`rbv xe |ovb.

    Xjb ohbdm idf|e x|dhb ae| `bzx ie`xj ov xe vbmm xjb

    Br|e dkdo`vx vxb|mo`k dx >.:1 ae| d`

    bqb`xrdm >.;: xd|kbx {oxj d >.:: vxe~

    mevv. [jy5 E`b- xjb Ld`c ea B`kmd`h

    `bbh `ex d`h {omm `ex aemme{ xjbAbhv TB iehbm d`h leevx oxv komx

    ~r|fjdvb ~|ek|diib dv me`k dv

    o`dxoe` ov |r``o`k dleqb oxv x{e

    ~b| fb`x xd|kbx moiox. O`dxoe` {omm

    e`my |ovb- `ex admm- hrb xe QDX jokjb|

    ~|ofbh jokj vx|bbx oi~e|xv- f|rhb

    eom v~ocbv d`h xjb admmerx a|ei

    vxb|mo`kv b~of >: hbqdmrdxoe`.

    X{e- xjb ie`bxd|y id`hd|o`v

    dx xjb Emh Mdhy ea Xj|bdh`bbhmb Vx|bbx jdqb fmbd|my

    r`hb|bvxoidxbh lexj bfe`eiof k|e{xj d`h o`dxoe` o` xjb

    vfb~x|bh ovmb o` 4>. Xj|bb- RC k|e{xj |dxbv idy {bmm |ovb

    {jomb xjb Br|ewe`b- ~mdkrbh ly Fmrl Ibh%Fbmxof ~rvvyfdxhblx {ebv d`h d vx|e`k Br|e- vxrilmb xjov {o`xb|. Xjb

    Br|e fermh {bmm admm vok`offlfd`xmy dkdo`vx vxb|mo`k d`h xjb

    jokj yobmh Drvx|dmod` hemmd| `bzx ie`xj.

    Eom ~|ofbv jdqb l|ecb` dleqb xjbo| (12):2 x|dho`k |d`kb

    hrb xe xjb me{b| hemmd|- Abh trd`x bdvo`k- |ovb o` Fjo`bvb

    oi~e|xv- v~bfrmdxoqb o`e{v o`xe xjb Me`he` @e|xj Vbd

    L|b`x d`h @b{ _e|c [bvx Xbzdv arxr|bv fe`x|dfxv d`h-

    dleqb dmm- Vdrho D|dlodv ~rlmof dhiovvoe` xjdx xjb

    co`khei {dv feiae|xdlmb {oxj d (;>)?> x|dho`k |d`kb.

    Xjov ov d jrkbmy ~evoxoqb ldfch|e~ ae| fjbd~my qdmrbh-

    |bvb|qbv |ofj- jokj hoqohb`h o`xbk|dxbh eom vr~b|idge|

    vjd|bv vrfj dv Xexdm- {jevb hoqohb`h yobmh ov `e{ d`

    RC k|e{xj |dxbvidy |ovb- {jomb xjb

    Br|ewe`b- ~mdkrbh lyFmrl Ibh%Fbmxof hblx

    {ebv d`h d vx|e`kBr|e- fermh vxrilmb

    dkdo`vx xjb vxb|mo`k d`hDrvx|dmod` hemmd|.

    FEIIB@X

    JE[ XE KDO@ A\EI XJB

    FR\\B@F_ [D\V

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    Xjov ov `ex xjb xy~ofdm d|xofmb xjdx O {ermh `e|idmmy

    {|oxb ae| Krma Lrvo`bvv. Lrx xjov ~do`arm bqb`x

    hbvb|qbv d x|olrxb xe ~r|~evb.

    E` @eqbilb| 4 jb mbax xe lbfeib Fjoba Bzbfrxoqb ea

    Qehdae`b Drvx|dmod. K|djdib {b`x e` xe lbfeib Fjoba

    Bzbfrxoqb ea Qehdae`b V{bhb`- d`h

    Fjdo|id` d`h Fjoba Bzbfrxoqb ea

    Qehdae`b Fwbfj \b~rlmof lbae|b

    xdco`k jov Tdxd| |emb o` >:.K|djdib {dv `ex yer| e|ho`d|y

    FBE3 jb lbmobqbh xjdx xjb |bdve` d`

    e|kd`ovdxoe` bzovxv kebv lbye h ~|efflxv.

    Xjov ov {jy {b bzovx- er| |bdve` ae|

    lbo`k- d`h ox kebv lbye`h grvx idco`k

    ie`by. [b voi~my {e`x fei~|eiovb

    e` ox. [b bbh xe moqb ox bqb|y hdy o`

    bqb|yxjo`k {b he. Dv FBE jb {dv

    feiioxxbh xe vjd~o`k d r|~evb

    Ldvbh E|kd`owdxoe` *^LE/. Jb o`v~o|bh xjov d~~|edfj o` bqb|y

    e~b|dxo`k fei~d`y xjdx jb jbmibh.

    Ae| Tdxd|- Qehdae`bv ~r|~evb ov Xe idcb d {e|mh ea

    hoaab|b`fb ae| dmm ~be~mb o` Tdxd|. Ox ov bdvy xe jdqb diovvoe` e| vxdxbib`x. Lrx d ~r|~evb ov irfj hbb~b| dv

    xjb ~r|~evb ov yer| |bdve` ae| lbo`k. Fd` yer oidko`b xjb

    hoaab|b`fb ox {ermh idcb ae| yer| lrvo`bvv oa yer {b|b d

    ^r|~evb Ldvbh E|kd`owdxoe`5

    Voi~my ~rx- d ^LE ov d` e|kd`ovdxoe` xjdx jemhv ~be~mb

    ffl|imy dx oxv jbd|x. [jb` dmm ea yer| bi~meybbv r`hb|vxd`h

    d`h moqb xjb bxjev ea d LE- xjby {omm c`e{ {jy yer|

    lrvo`bvv bzovxv *yer| ~r|~evb/- je{ yer {e|c xekbxjb|

    *qdmrbv/- {jb|b yer|b keo`k *yer| qovoe`/ d`h {jdx yermm

    he xe kbx xjb|b *vx|dxbkobv/. Ox dmve jbm~v xe f|bdxb d`

    b`qo|e`ib`x {jb|b ~e{b| ov vjd|bh- {jb|b |rmbv d`h xoxmbv

    d|b vbfe`hd|y d`h {jb|b ~be~mb abbm qdmrbh- |bv~bfxbh d`h

    d|b dlmb xe k|e{. Ve- je{ hoh K|djdib he o` mbdho`k xjb

    ^LE5 E` xjb ffl`d`fodm d`h lrvo`bvv k|e{xj vohb- vo`fb >:

    jb mbh Qehdae`b Tdxd| xj|erkj d (4 lommoe` o`oxodm ~rlmof

    eaab|o`k d`h xjb |emmerx ea vb|qofb xe xjb ~rlmof mdvx ybd|.

    Xjb fei~d`y- {jofj dfjobqbh d frvxeib| ldvb ea 1>>->>> o`

    Vb~xbilb| erx ea d ~e~rmdxoe` ea dlerx 4.1 iommoe`- lbfdib

    xjb ffl|vx heibvxof fei~bxoxe| xe TXbm. D`h ox je~bv xe lb

    ~|efflxdlmb ly xjb ybd|)b`h. @ex ldh ae| x{e ybd|v ea {e|c.

    Lrx xjb |bdm x|olrxb xe jov mbdhb|vjo~ feibv a|ei {jdx

    exjb|v jdqb xe vdy7

    Bqb|ye`b {je {e|cbh dx Qehdae`b @W hr|o`k K|djdibv

    xoib jdv qb|y ae`h ibie|obv ea d` bmbfx|of {e|co`k

    b`qo|e`ib`x {jb|b {b lbmobqbh d`yxjo`k {dv ~evvolmb. Lrx

    ievx ea dmm jb {dv he{` xe bd|xj d`h jrilmb.

    Jb dlvemrxbmy lbmobqbh xjdx ~be~mb {b|b d fei~d`yv

    ievx qdmrdlmb dvvbx d`h x|bdxbh bqb|ye`b- |bkd|hmbvv ea

    ~evoxoe`- {oxj btrdm qdmrb. Jb h|eqb d frmxr|b xjdx grvx

    fd`x lb id`radfxr|bh. Ox fdib

    a|ei jov jbd|x d`h xjdx {dv fmbd| xe

    bqb|ye`b. Jov |bdhy vb`vb ea ar` {dv

    dlvemrxbmy o`abfxoerv.Jov iovvoe` jdv x|rmy idhb d

    {e|mh ea hoaab|b`fb ae| dmm ~be~mb o`

    Tdxd|.

    @e{ xjov kry {dv jbdmxjob| xjd`

    O. Jb |d` id|dxje`v- {b`x e` Xer| Hb

    A|d`fb)vxymb locb |ohbv- d`h {dv d`

    didwo`kmy ~evoxoqb ~b|ve`. Ve {jy

    hoh xjov jd~~b`5 O` Tdxd|- {b he`x

    trbvxoe` {jy. [b dffb~x xjdx xjov

    {dv {|oxxb` ly Keh. Oxv o` Jov ~md` d`h {oxj bqb|y dfxoe`

    xjb|bv veib keeh |bdve`. Idjb| jdv mbax d mbkdfy. Bqb|y

    vo`kmb ~b|ve` o` Qehdae`b abbmv ae| joi.

    O` jov eloxrd|y- I| Idjb|v femmbdkrbv |bibilb| d`o`v~o|dxoe` mbdhb|3 jov adiomy- d id` {je f|diibh 4>>

    ybd|v ea moab o`xe grvx 24.

    K|djdib joivbma idhb d hoaab|b`fb xe xjb moqbv ea

    bqb|ye`b jb xerfjbh. Jb {dv d k|bdx FBE- fedfj- ib`xe|-

    d`h a|ob`h. [b {omm dmm ve|bmy iovv jov o`v~o|dxoe` d`h

    qovoe`- jov ~dvvoe` d`h b`b|ky- d`h jov meqb ae| dmm xjb

    ~be~mb jb {e|cbh {oxj.

    [omm yer| x|olrxb lb xe ~|efflxv e| ~r|~evb5

    K|djdib ov vr|qoqbh ly jov {oab Gb``y Idjb|- d`h jov

    hdrkjxb|v Gbvvofd d`h Cdxb- lexj o` xjbo| v.

    H| Xeiiy [bo|- qofb ~|bvohb`x ea mbdhb|vjo~ vemrxoe`v dx

    Cb`bzd d`h drxje| ea Xjb FBE Vjoax.

    QEHDAE@B TDXD\V FBE[DV D@ O@V^O\DXOE@Xjb mdxb K|djdib Idjb|- FBE ea Qehdae`b Tdxd| {omm lb k|bdxmy iovvbh dvd qovoe`d|y mbdhb| {je fjdi~oe`bh ibd`o`k dv {bmm dv ~|efflxv.H\. XEII_ [BO\

    Bqb|ye`b {je{e|cbh dx Qehdae`b

    @W hr|o`kK|djdibv xoib

    jdv qb|y ae`hibie|obv ea d`bmbfx|of {e|co`k

    b`qo|e`ib`x.

    FEIIB@X

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    Dv ld`cv d`h |bkrmdxe|v fe`xo`rb xe ffl`b)xr`b

    |ovc)id`dkbib x ~|efbvvbv- xjb trbvxoe` ea

    f|bhox lr|bdrv jdv o`f|bdvo`kmy ~e~~bh r~-

    bv~bfodmmy o` Dvod- {jb|b xjby d|b vxomm |bmdxoqbmy

    `b{. Xjb fe`fb~x jdv feib d moxxmb mdxb| xe xjov |bkoe` ae|

    d rilb| ea |bdve`v.

    Id`y ld`cv jdqb- o` xjb ~dvx- lbb` |bmrfxd`x xe vjd|b

    f|bhox o`ae|idxoe` {oxj exjb| ld`cv ae| fei~bxoxoqb

    |bdve`v- dmxjerkj xjb|b jdv lbb` d vjoax vo`fb xjb

    kmeldm bfe`eiof he{`xr|` lbkd`. Xjov vjoax effr||bh

    dv ffl`d`fodm o`vxoxrxoe`v df|evv xjb |bkoe` vxd|xbh

    meeco`k dx `b{ {dyv xe ~|eqohb d lbxxb| mbqbm ea vb|qofb

    xe xjb id|cbx. E` xjb exjb| jd`h- fe`vrib| dhqefdfy

    k|er~v e~~evbh xjb fe`fb~x lbfdrvb ox {dv ~b|fboqbh xe

    r`hb|io`b |rmbv ~|exbfxo`k o`hoqohrdm ~|oqdfy.

    O` ie|b d`h ie|b fer`x|obv- fe`fb|`v eqb| hdxd

    vjd|o`k jdv koqb` {dy xe x{e ldvof |bdmoxobv7 fe`vrib|v

    d`h lrvo`bvvbv {d`x bdvob| d`h

    trofcb| dffbvv xe fei~bxoxoqbmy

    ~|ofbh med`v d`h ld`cv vbbc xe

    idcb vdab|- ie|b |bmodlmb ffl`d`fodmhbfovoe`v xe h|oqb k|e{xj. E`b ea

    xjb lbvx ibd`v ea dfjobqo`k lexj

    ov xj|erkj xjb bvxdlmovjib`x ea d

    ~evoxoqb f|bhox lr|bdr.

    D ~evoxoqb lr|bdr ov e`b {jb|bly

    ld`cv d`h exjb| mb`hb|v vjd|b d`h

    |bfboqb dmm o`ae|idxoe` e` d le||e{b|-

    dmme{o`k xjbi xe jdqb d jemovxof

    qob{ e` d ~b|ve`v f|bhox jovxe|y. D

    `bkdxoqb lr|bdr e` xjb exjb| jd`h e`my dmme{v ae| ld`cv%

    mb`hb|v xe qob{ `bkdxoqb o`ae|idxoe` e` d le||e{b|

    o`fmrho`k {jb|b jb%vjb jdv hbadrmxbh. D~~|ezoidxbmy 62

    ~b| fb`x ea ~exb`xodm keeh frvxeib|v d|b |barvbh f|bhox oad` d~~mofdxoe` ov e`my ldvbh e` `bkdxoqb o`ae|idxoe`.

    A|ei d idf|ebfe`eiof ~eo`x ea qob{- f|bhox lr|bdrv

    fd` l|o`k dlerx jokjb| k|e{xj |dxbv ae| lrvo`bvvbv

    d`h o`hoqohrdmv- d`h xjb|bae|b xjb bfe`eiy- xj|erkj d`

    o`f|bdvb o` f|bhox mo`bv xe xjevb {je {ovj xe le||e{.

    Xjb|b d|b vbqb|dm exjb| lb`bfflxv ea ~evoxoqb f|bhox lr|bdrv

    xjdx b`h r~ lb`bfflxo`k xjb bfe`eiy- e|kd`ovdxoe`v d`h

    o`hoqohrdmv. Ox ov dm{dyv oi~e|xd`x ae| ld`cv `ex xe

    mb`h ie`by xe xjevb {je d|b dm|bdhy eqb| mbqb|dkbh d`h

    xjb|bae|b r`dlmb xe ~dy ldfc xjbo| hblxv f|bhox lr|bdrv

    dmme{ mb`hb|v xe dvvbvv d fd`hohdxbv xexdm o`hblxbh`bvv

    d`h fdmfrmdxb d le||e{b|v fd~dfoxy xe je`er| xjbo| hblx.

    F|bhox lr|bdrv dmve dmme{ ae| k|bdxb| o`ae|idxoe`

    vjd|o`k {jofj dmme{v mb`hb|v xe |bqob{ je{ irfj d`h

    dx {jdx |dxb xjby mb`h xe le||e{b|v. Keeh le||e{b|v

    vjermh `ex lb ~b`dmovbh dv d |bvrmx ea d md|kb `rilb| ea

    ldh le||e{b|v dv ov xjb fdvb {oxjerx d lr|bdr. [oxj xjb

    bvxdlmovjib`x ea d ~evoxoqb lr|bdr- keeh le||e{b|v kbx

    dffbvv xe f|bhox dx ie|b lb`bfflfodm o`xb|bvx |dxbv.

    Xjb RDB Io`ovx|y ea Ao`d`fbv hbfovoe` xe o`x|ehrfb d

    Abhb|dm f|bhox lr|bdr ov d vxb~ idhb ly xjb keqb|`ib`x

    xe oi~|eqb x|d`v~d|b`fy o` xjb RDBv ffl`d`fodm vbfxe|.

    Vje|xmy daxb| xjov d``er`fbib`x- bif|bhox {dv idhb xjb

    eafflfodm f|bhox o`ae|idxoe` dkb`fy ea Hrldo. Lexj ieqbv

    {omm l|o`k dlerx d k|bdxb| vjd|o`k ea o`ae|idxoe lbx{bb`

    ld`cv df|evv xjb RDB .

    Ae| lexj lr|bdrv xe lb d vrffbvv- kbxxo`k xjb fe||bfx

    o`a|dvx|rfxr|b |okjx ov bvvb`xodm dv bfe`eiof k|e{xj

    lbfeibv h|oqb` ly heibvxof fe`vri~xoe`- dmxjerkj

    bz~e|xv {omm |bido` oi~e|xd`x.

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    o`f|bdvo`kmy |bdmovbh ov d`bz~e|x)mbh vx|dxbky fd` ~rx xjbi o`

    d vbqb|b leei d`h lrvx fyfmb-

    {jb|bdv ~b|ve`dm fe`vri~xoe` ov d

    ioxokdxo`k o`rb`fb.

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    o`ae|ibh ffl`d`fodm vefobxy- fe`vrib|v

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    d`h ~|exbfx xjbo| {bdmxj baabfxoqbmy d`h id`dkb xjbo|

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    keqb|`ib`x)mbh- e| o`hrvx|y fe`x|emmbh d`h |bkrmdxbh lyxjb keqb|`ib`x. Oa ox ov xe lb d vrffbvv- vrfj d ieqb irvx

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    ae| xjb lb`bfflx ea xjb vbfxe| d`h fe`vrib|v.

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    x|rmy dvvbvv xjb f|bhox |ovc ea frvxeib|v. |edfxoqb d`h

    ~evoxoqb hdxd vjd|o`k b`dlmbv ld`cv xe kbx med`v erx xe

    xjb qdvx idge|oxy ea |bmodlmb le||e{b|v advxb|- {omm jbm~

    {oxj keeh mb`ho`k xe h|oqb k|e{xj o` xjb bfe`eiy d`h

    jbm~ ~|exbfx xjb b`h rvb| ly ~|eqoho k lb`bfflfodm o`xb|bvx

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    Fj|ov G hb L|ro`- jbdh ea fe`vrib| ld`co`k- Vxd`hd|h

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    XJB OI^E\XD@FB EA

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    FEIIB@X

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    6>krmalrvo`bvv Hbfbilb| 4>

    MBXXB\V

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    d`h ~|dfxoxoe`b|v {ermh d|krb

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    d`h xjb mbxxb| ea xjb ie`xj {o`v

    d` Dmbvvo{dxfj.

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    D@DM_VOV FEIIEHOXOBV

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    RV Abhv hbfovoe` xe ~ri~ ie|b ie`by

    o`xe xjb Dib|ofd` bfe`eiy xj|erkj d

    ~|efbvv ea trd`xoxdxoqb bdvo`k- xjb ~|ofb

    ea kemh jdv vo`fb ved|bh xe d |bfe|h

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    xjdx ov ~rvjo`k o`qbvxe|v xe medh

    ie|b kemh o`xe xjbo| ~e|xaemoev-

    boxjb| xj|erkj dftrovoxoe` ea lrmmoe`-

    feo`- bzfjd`kb x|dhbh ar`hv e|

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    ae| feiiehoxobv xjdx jovxe|ofdmmy d|b

    ~|ofbh o` RV fr||b`fy. Eom ~|ofbv jdqbdmve dffbmb|dxbh xe d ybd| me`k jokj

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    bzfjd`kbv dkvjo~ fe`x|dfx d`h jdqbo`x|ehrfbh d `b{ ~|ofo`k lb`fjid|c

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    d`h HKFZ ov {bmm ~evoxoe`bh xe lb`bfflx

    a|ei xjov hbid`h.

    Je{ me`k xjb x|b`h fe`xo`rbv xjerkj

    ov hb~b`hb`x e` xjb kmeldm bfe`eiy

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    lexj xe hoqb|voay |ovc d`h xe ioxokdxb

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    dxx|dfxo`k o`qbvxe| dxxb`xoe`- vdyvGrd` Fd|mev D|xokdv- [KF o`qbvxib`x

    |bvbd|fj id`dkb|.

    Dv d |bvrmx xjb arxr|b ae| kemh ov

    meeco`k qb|y l|okjx. _bd| xe hdxb

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    qemrib ae| HKFZ kemh arxr|bv

    fr||b`xmy vxd`hv dx fe`x|dfxv.

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    4.16 iommoe` fe`x|dfxv o` xjb ybd| xe

    Dmm xjdx kmoxxb|v ov kemh

    [KF

    hdxb- dm|bdhy vr|~dvvo`k xjb xexdm

    d``rdm qemrib dfjobqbh o` >?.

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    jdqb` o`qbvxib`x d`h d` dvvbx fmdvv

    {jofj fd` lb bdvomy motrohdxbh xe

    kb`b|dxb fdvj. Feiiehoxobv- o`fmrho`k

    kemh- jdqb x|dhoxoe`dmmy lbb` c`e{`

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    fb`x ea oxv |bvb|qbv o` kemh d xexdm ea

    :-4>> xe``bv. Kb|id`y- Oxdmy- A|d`fb-

  • 8/8/2019 Gulf Business | December 2010

    35/130Hbfbilb| 4>krmalrvo`bvv 66

    xjb @bxjb|md`hv- Drvx|od d`h K|bbfb

    dmve jdqb ie|b xjd` jdma ea xjbo| xexdm

    |bvb|qbv o` kemh.

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    mbqbmv vrfj dv xjb {e|mhv gb{bmmb|y

    id|cbx- {jofj jdv lbb` dfxoqb bqb`

    o` xjb |bfbvvoe` {oxj O`hod d`h Fjo`d

    dffer`xo`k ae| 82 ~b| fb`x ea kmeldm

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    dv {bmm dv o` ielomb ~je`bv- dmve

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    Dv d |bvrmx- xjb [e|mh Kemh Fer`fom

    hebv ex fe`vohb| xjb ibxdm xe lb

    eqb|qdmrbh d`h ~eo`xv erx xjdx bqb`

    iehbvx dmmefdxoe`v xe kemh o` d ~e|xaemoe

    fd` jbm~ o`qbvxe|v ioxokdxb mevvbv

    d`h jbhkb dkdo`vx xdom |ovcv {oxjerx

    vdf|offlfo`k me`k)xb|i |bxr|`v.kbxxyoidkbv

    RV Abhb|dm \bvb|qb fjdo|id`- Lb` Lb|`d`cb.

    Vbb yer dx xjb kdxb

  • 8/8/2019 Gulf Business | December 2010

    36/13068krmalrvo`bvv Hbfbilb| 4>

    D@DM_VOV \BXDOM

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    h|o`cv mocb e exjb| |bkoe` o`

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    {oxj fe`vrib|v jdv lbb` d fe`vovxb`x

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    D@DM_VOV XER\OVI

    61krmalrvo`bvv Hbfbilb| 4>

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    fe``bfxoe`v {oxj Crdmd Mri~r| xe 44

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    xer|ovi a|ei Idmdyvod d`h exjb|

    DVBD@ fer`x|obv xe Tdxd|- jb vdoh.

    Xjb lexxei mo`b ov xjdx Tdxd| jdv

    x|dhoxoe`dmmy ido`xdo`bh d vx|e`k

    lrvo`bvv |bmdxoe`vjo~ {oxj lexj

    Idmdyvod d`h Vo`kd~e|b.

    Xjb oi~e|xd`fb ea xjb DVBD@

    |bkoe` dv d ver|fb ea xer|ovi {dvdmve xjb |bdve` lbjo`h Ibvvb Lb|mo`v

    f|bdxoe` ea OXL Dvod- d` Dvod` bhoxoe`

    ea oxv OXL Lb|mo`- xjb {e|mhv md|kbvx

    xer|ovi ado|.

    O`hod- Fjo`d d`h DVBD@ d|b xjb

    k|e{xj id|cbxv ea xjb arxr|b- vdoh

    \doir`h Jevfj- Ibvvb Lb|mo`v

    ~|bvohb`x d`h FBE. Xjov ov d {jy yer

    vbb jb|b d rilb| ea Iohhmb Bdvxb|`

    fer`x|obv xjdx |bfek`ovb xjb f|rfodm

    oi~e|xd`fb ea xjb DVBD@ |bkoe` dv d

    ver|fb ea xer|ovi.

    Fdvj)|ofj Dvod`v d|b lbo`k

    fer|xbh ly Iohhmb Bdvxb|`

    fer`x|obv dv d ver|fb ea

    xer|ovi |bqb`rb xe eaavbx

    hbfmo`o`k |bqb`rb a|ei xjb x|dhoxoe`dm

    [bvxb|` id|cbxv. Xjov x|b`h {dv o`

    armm bqohb`fb dx Dvodv mbdho`k xer|ovi

    ado|- OXL Dvod o` Vo`kd~e|b {jb|b

    xer|ovi ~|eiexoe` dkb`fobv a|ei d

    `rilb| ea Krma d`h Iohhmb Bdvxb|`

    fer`x|obv idhb d vx|e`k ~oxfj xe

    {ee xer|ovxv a|ei xjb Dvvefodxoe` ea

    Verxjbdvx Dvod` @dxoe`v *DVBD@/ d`h

    exjb| ~d|xv ea Dvod.

    [jomb Bky~xv ~y|diohv jdqb

    jovxe|ofdmmy dxx|dfxbh xer|ovxv a|ei

    d|er`h xjb {e|mh- xjb lrmc ea oxv

    xer|ovi |bqb`rb jdv dm{dyv feib

    a|ei [bvxb|` fer`x|obv. Xjb >->>> Dvod` qovoxe|v x|bccbh

    xe Bky~x o` >?- Wddwer xemh Krma

    Lrvo`bvv. D|dl xer|ovxv e`my ~|eqohb

    dlerx 4; ~b| fb`x ea Bky~xv o`ler`h

    xer|ovxv- {oxj Vdrho D|dlod d`h Molyd

    lbo`k xjb mbdho`k `dxoe`v- jb vdoh.

    Grkkmo`k {oxj fflkr|bv- Wddwerjokjmokjxbh xjb vok`offlfd`fb ea

    xer|ovi ae| xjb `dxoe`dm bfe`eiy ea

    jov fer`x|y. Veib ~b| fb`x ea bdfj

    ae|bok` hemmd| bd|`bh ly Bky~x feibv

    a|ei xer|ovi. Xer|oviv fe`x|olrxoe`

    rvbh xe lb (6>> iommoe` o` 4?:< lrx

    ly >?- ox vr|kbh xe (>)ybd|)emh jovxe|y-bz~mdo`bh Djibh Dlhrmmdj I. Dm

    @rdoio- fjdo|id` ea Tdxd| Xer|ovi

    Drxje|oxy *TXD/- {jofj ~|eiexbv

    xer|ovi xe Tdxd|.

    Xjb TXD fjdo|id` dmve jokjmokjxbh

    xjb feiie` |bmokoerv le`hv ea Ovmdi

    bzovxo`k lbx{bb` Tdxd| d`h veib ea

    xjb DVBD@ fer`x|obv.

    ^|oe| xe TXDv ~d|xofo~dxoe` o`

    Vo`kd~e|b- xjb fer`x|y jdh jbmh

    d |edhvje{ o` Crdmd Mri~r|. Dm

    @rdoio r`hb|mo`bh xjb cbb` o`xb|bvx

    Dv [bvxb|` xer|ovi |bfbhbv- Bky~x- Tdxd| d`h xjb RDB d|b ~|e)dfxoqbmy fer|xo`kVerxj Bdvx Dvod` id|cbxv xe ~mrk xjb kd~- {|oxbv ID@OC IBJXD.

    Xer|ovi dffer`xv ae| 44.4 ~b| fb`x eaBky~xv KH . Veib 46 ~b| fb`x ea xjb`dxoe`dm {e|cae|fb ov bi~meybh- ho|bfxmy

    e| o`ho|bfxmy- ly xer|ovi.

    V. Ov{d|d`- vb`oe| io`ovxb| ea Vxdxb Vo`kd~e|b *|okjx/ d`h Jovjdi Wddwer- dvvovxd`xio`ovxb|- Bky~x *ad| |okjx/ dx xjb Tdxd| Xer|ovi ~dqomoe` dx OXL Dvod.

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    D@DM_VOV O@VR\D@FB

    6:krmalrvo`bvv Hbfbilb| 4>

    O`vr|o`k xjb arxr|bov d cby dfxoqoxy ae| rv jb`fb e`b ea

    xjb elgbfxoqbv ea xjov dftrovoxoe` ov xe

    vx|b`kxjb` er| xdcdarm e~b|dxoe`v-

    vdyv Dzbm Mbjid``- ibilb| ea xjb

    k|er~ bzbfrxoqb feiioxxbb d`h

    fjoba |ovc eafflfb| ea Wr|ofj Ao`d`fodm

    Vb|qofbv K|er~.

    Lrx id`y jdqb lbb` r`dlmb xe

    dffbvv xjb k|e{o`k id|cbx. Eid`

    O`vr|d`fb- xjb RDBv md|kbvx o`vr|b|

    jdv lbb` hb`obh d mofb`fb xe e~b|dxb

    o` xjov vbfxe|.

    [b x|obh xe elxdo` d mofb`fb lrx

    xjb drxje|oxobv elgbfxbh. Ox fd` e`my

    lb eaab|bh ly d v~bfodmovbh o`vr|d`fb

    fei~d`y- vdyv Dlhrm Irxxdmol Dm

    Gdoho- FBE ea Eid` O`vr|d`fb- `exo`k

    xjdx xjb ~emofy o` ovvro`k `b{ mofb`fbv

    jdv lbb` |okoh.

    [b jdqb bzovxo`k ~d|x`b|vjo~v lrx

    O he`x xjo`c xjb drxje|oxy ov k|d`xo`k

    d`y b{ mofb`fb. [b jdqb ex d~~mobh

    ae| d mofb`fb- xjerkj- dhhv Iofjbm

    Cjdmda- Iohhmb Bdvx- Da|ofd d`h Verxj

    Dvod ~|bvohb`x ea Dmofe- {jofj {dv

    dftro|bh ly Ibxmoab bd|mob| xjov ybd|.

    Xjb `dvfb`x vbfxe| dmve adfbv d

    `rilb| ea fjdmmb`kbv. Ao|vx- xdcdarm

    e~b|dxe|v d|b veib{jdx fe`vx|do`bh

    o` xjbo| o`qbvxib`x e~~e|xr`oxobv. Xjbievx feiie` o`qbvxib`x fmdvv ae|

    kmeldm o`vr|b|v ov o`qbvxib`x k|dhb

    |dxbh le`hv.

    Je{bqb|- xjb le`h id|cbx ov ex

    {bmm hbqbme~bh o` xjb Iohhmb Bdvx-

    ~|oid|omy hrb xe d vidmm mefdm id|cbx

    ae| vrfj o`vx|rib`xv. Xjb|b ov dmve

    `e |bkrmdxe|y |btro|bib`x hofxdxo`k

    xjb dvvbx dmmefdxoe` ea o`vr|d`fb

    fei~d`obv d`h xdcdarm e~b|dxe|v.

    O` d vxrhy fe`hrfxbh ly Dm~b`

    Fd~oxdm- xjb KFF xdcdarm o`vr|b|v

    vfe|b {dy lbme{ xjbo| fe`qb`xoe`dm~bb|v o` xb|iv ea bafflfob`fy. Xjb KFF

    xdcdarm e~b|dxe|v d|b dmve admmo`k

    vje|x ea o`hrvx|y lbvx ~|dfxofb o`

    xb|iv ea x|d`v~d|b`fy d`h keqb|`d`fb

    ~|dfxofbv. Xjb hbid`h ae| xdcdarm ov

    xjb|b lbfdrvb ~be~mb dm{dyv meec ae|

    veibxjo`k hoaab|b`x- vdyv Dm Gdoho. Oa

    xjdx `b{ veibxjo`k fd` dhh qdmrb xe

    xjbo| lrvo`bvv xjb` ybv- xjb hbid`h

    {omm lb k|bdx lrx {b|b xjb xdcdarm

    fei~d`obv dlmb xe eaab| xjdx dhhbh

    qdmrb5 O he`x xjo`c ve.

    Iejdiidh Dm Id||o- 82- d

    ~b|arib vje~ e{`b| o`

    Vjd|gdj- ov `ex adiomod|

    {oxj xjb fe`fb~x ea xdcdarm

    o`vr|d`fb. Oi `ex rvbh xe xjdx- lrx

    O {ermh mocb xe jdqb e`b vee` d`h

    ~b|jd~v O fd` dmve eaab| xjdx xe iy

    vxdaa. D`h oa bqb| O dqdom xjdx- O {d`x d

    ~emofy xjdx aemme{v Ovmdiof ~|o`fo~mbv-

    jb vdyv.

    Dm Id||o ov ~d|x ea d md|kb idge|oxy

    xjdx xjb o`vr|d`fb vbfxe| ~md`v xe

    xd~. Dmxjerkj qemrib ea o`vr|d`fb

    ~|bioriv o` xjb Krma Fe|~e|dxoe`

    Fer`fom mdvx ybd| k|b{ .1 ~b| fb`x {jofj ov

    h{d|abh ly oxv vidmmb| `bokjler| xjb

    RDB {jofj jdv d ~b`bx|dxoe` |dxb ea

    x{e ~b| fb`x.

    O`vr|d`fb ~b`bx|dxoe` mdkv lbjo`hxjdx ea xjb [bvxb|` bfe`eiobv- ybx

    bfe`eiof k|e{xj |dxbv {ermh lb

    xjb b`qy ea ievx ea xjb {e|mh- ^drm

    Cevxb|- fjoba bzbfrxoqb- Hrldo Ao`d`fodm

    Vb|qofbv Drxje|oxy *HAVD/ xemh d kmeldm

    o`hrvx|y bqb`x o` Hrldo.

    E`b v~bfofflf ver|fb ea k|e{xj ov

    xjb Ovmdiof)fei~mod`x o`vr|d`fb *e|

    xdcdarm/ fe`fb~x ea {jofj hdxbv ldfc

    ie|b xjd` 4-8>> ybd|v d`h ov ldvbh

    e` xjb ~|o`fo~mb ea irxrdm krd|d`xbb.

    Vdrho D|dlod- {jevb fe`x|olrxoe`v

    Hbv~oxb herlmb)hokox k|e{xj

    o` xdcdarm- d`dmyvxv herlx xjb

    Ovmdiof o`vr|d`fb vbfxe| jdvffl`dmmy bvxdlmovjbh f|bholomoxy-

    {|oxbv CD\B@ \BIE)MOVXD@D.

    vxeeh dx (: d`h

    Idmdyvod- {oxj (?>> iommoe`- d|b xjb

    xe~ xdcdarm id|cbxv o` xjb {e|mh.

    O` xjb |bfb`x ~dvx- frmxr|dm ~|dfxofbv

    d`h |bmokoerv lbmobav jdqb moioxbh xjb

    hbqbme~ib`x ea xjb moab o`vr|d`fb

    id|cbx. Je{bqb|- xjb k|e{o`k

    d{d|b`bvv d`h dffb~xd`fb ea Ovmdiofo`vr|d`fb ov e~b`o`k r~ d vok`offlfd`x

    k|e{xj e~~e|xr`oxy- Cevxb| vdyv.

    Dffe|ho`k xe B|`vx ! _er`k- xjb

    kmeldm id|cbx ae| xdcdarm ov vbx xe

    vr|~dvv (:.: lommoe` xjov ybd| {oxj

    fe`x|olrxoe`v k|e{o`k ly

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    42/1308>krmalrvo`bvv Hbfbilb| 4>

    D@DM_VOV ID\CBXV

    Fe`vemohdxoe` ov d`exjb| oi~e|xd`x adfxe|. D|bkoe` {oxj d ~e~rmdxoe` ea mbvv xjd` 8> iommoe`

    ov xee vidmm xe vr~~e|x o`b vxefc id|cbxv.

    Krma ffl`d`fodm o`hrvx|y eafflfodmv

    lbmobqb xjdx xjb RDB fermh

    dxx|dfx bd|my (8> lommoe` o`

    ae|bok` fd~oxdm o`xe oxv vxefc

    id|cbxv. Xjov aemme{v d hbfovoe` ly xjb

    AXVB o`hbz xe r~k|dhb xjb o`qbvxib`x

    |d`co`k ea xjb bio|dxbv a|ei a|e`xob|

    xe vbfe`hd|y bib|ko`k id|cbx vxdxrv.

    Id`y a|e`xob| id|cbxv eaab| dxx|dfxoqb

    qdmrdxoe`v ~d|xmy lbfdrvb xjby d|b

    |bmdxoqbmy r`hovfeqb|bh- d`h bqb` mbvv

    fe||bmdxbh {oxj hbqbme~bh id|cbxv xjd`

    x|dhoxoe`dm bib|ko`k id|cbxv. Je{bqb|-

    xjby d|b ido`my moioxbh xe ofjb ae|bok`

    o`qbvxib`x ar`hv.

    Ox ov ie|b xjd` d ffl`b ~eo`x ea

    hovxo`fxoe` ae| xjb mbkoe`v ea ar`h

    id`dkb|v voxxo`k o` Me`he`- A|d`car|x-

    @b{ _e|c d`h Xecye. Bib|ko`k id|cbx

    vxdxrv oi~mobv ab{b| mefdm |bvx|ofxoe`v

    e` ae|bok` ~d|xofo~dxoe`- k|bdxb|

    id|cbx hb~xj- x|d`v~d|b`fy dv {bmm

    dv bafflfob`x vbxxmbib`x d`h frvxehy

    ~|efbbho`kv. Xjb vxdxrv ~|eqohbv

    d feiae|x we`b idco`k ox bdvob| xehovlr|vb ar`h dmmefdxoe`v ibdvr|bh

    {e|mh{ohb o` lommoe`v ea hemmd|v d hdy.

    O` xjb mdvx x{e ybd|v- ~|eabvvoe`dm

    o`qbvxe|v jdqb- xee- lbfeib ie|b

    lrmmovj e` bib|ko`k id|cbxv- lbxxo`k

    e` veib ea xjbi lbo`k d jdqb`

    DHZ o`x|ehrfbh bzfjd`kb x|dhb ar`hv

    *BXA/ o` Id|fj e`b ea d ab{ bib|ko`k

    id|cbxv xe he ve.

    Tdxd|v ler|vb- o` {jofj xjb @_VB

    Br|e`bzx jdv d ~b| fb`x vxdcb-

    ov dmve fe`vohb|o`k e~b`o`k r~ xe

    bzfjd`kb)x|dhbh ar`hv. Dffe|ho`k

    xe Dm Ldmervjo xjb r~k|dho`k ea

    D|dl vxefc id|cbxv ly o`xb|`dxoe`dmo`vxoxrxoe`v ov ea k|bdx oi~e|xd`fb xe

    xjb o`qbvxib`x doiv ea xjb |bkoe`.

    Jb d`h exjb| ~|eabvvoe`dmv o` xjb

    |bkoe` d|b d{d|b xjerkj xjdx xjb

    `bfbvvd|y ieqbv {omm |btro|b D|dl

    bzfjd`kbv xe dhjb|b o`f|bdvo`kmy xe

    o`xb|`dxoe`dm e|iv d`h vxd`hd|hv

    ea bafflfob`fy ae| x|dho`k- vbxxmbib`x-

    fmbd|d`fb- frvxehy d`h hb~evoxd|y.

    Fe`vemohdxoe` ov d`exjb| oi~e|xd`x

    adfxe|. D |bkoe` {oxj d ~e~rmdxoe` ea

    mbvv xjd` 8> iommoe` ov xee vidmm xe

    vr~~e|x o`b vxefc id|cbxv. Vo`fb xjbffl`d`fodm f|ovov k|o~~bh xjb {e|mh o`

    mdxb >:- fdmmv ae| ib|kb|v die`k xjb

    |bkoe`v vxefc id|cbxv jdqb o`f|bdvbh.

    Xjov {ermh dmme{ bzfjd`kbv xe eaab| d

    l|edh b`erkj motrohoxy ~eem xe dxx|dfx

    vowbdlmb kmeldm o`qbvxib xv.

    Xjb ib|kb|- o` Grmy- ea Hrldo

    Ao`d`fodm Id|cbx d`h @dvhdt Hrldo-

    r`hb| e`b jemho`k fei~d`y- ae|

    bzdi~mb- ov bz~bfxbh xe oi~|eqb

    motrohoxy- me{b| l|ecb|v abbv d`h

    dxx|dfx ie|b movxo`kv.

    Xjb RDBv r~k|dhbh vxdxrv dv d` bib|ko`k id|cbx e` xjb AXVB fermh mbdh xe vok`offlfd`xo`{d|h o`qbvxib`x kdo`v ae| xjb |bkoe`- {|oxbv \ELB\X LDOMB_.

    R~k|dho`k D|dl vxefc id|cbxv

    ly o`xb|`dxoe`dm o`vxoxrxoe`v a|ei

    a|e`xob| xe bib|ko`k id|cbxv ov ea

    k|bdx oi~e|xd`fb dx xjov vxdkb- d

    fer|vb ea dfxoe` xjdx ov bd|`bvxmy

    ~r|vrbh ly xjb RDB e{o`k xe

    xjb qdvx e~~e|xr`oxobv eaab|bh ly

    ~mdfo`k D|dl vxefc id|cbxv e` xjb

    id~ ea o`xb|`dxoe`dm o`qbvxib`xe~~e|xr`oxobv- vdyv \dvjbh Dm

    Ldmervjo- hb~rxy fjoba bzbfrxoqb d`h

    ho|bfxe| ea e~b|dxoe`v ea Dlr Hjdlo

    Vbfr|oxobv Bzfjd`kb *DHZ/.

    @dvhdt Hrldov fjoba bzbfrxoqb

    Gbaa Vo`kb| dmve lbmobqbv xjb ieqb ov

    a|ei d` bfe`eiof vme{he{` o` xjb

    hbqbme~bh {e|mh.

    Xjb Ao`d`fodm Xoibv Vxefc Bzfjd`kb

    *AXVB/ movx r~k|dhbh xjb RDB vxefc

    id|cbxv a|ei a|e`xob| xe vbfe`hd|y

    bib|ko`k id|cbxv o` Vb~xbilb|.

    D`exjb| o`rb`xodm o`hbz- Ie|kd`

    Vxd`mby Fd~oxdm O`xb|`dxoe`dm *IVFO/-

    jdv dmve d``er`fbh xjdx xjb RDB

    d`h Tdxd| {omm lb r`hb| |bqob{ ae| d

    ~exb`xodm |bfmdvvofflfdxoe` xe bib|ko`k

    id|cbxv o` 44.

    vok`offlfd`x vo`fb id`y o`vxoxrxoe`dm

    o`qbvxe|v jdqb id`hdxbv xe o`qbvx o`

    bib|ko`k id|cbxv jb ~eo`xv erx xjdx

    ~|bqoervmy d` bib|ko`k id|cbx ar`h

    fermh bdvomy eqb|meec d fer`x|y xjdx hoh

    `ex jdqb xjb fmdvvofflfdxoe` ea bib|ko`k

    id|cbx lrx ox ov `e{ mocbmy xjdx ar`hv

    {omm dmmefdxb d` o`f|bdvo`k dier`x

    ea dvvbxv xe xjb RDB {jofj fermh lb

    ibdvr|bh o` lommoe`v ea hemmd|v.

    O` d` baae|x xe e~b` r~ xe vr~~e|x

    xjb fer`x|yv h|oqb xe dxx|dfx fd~oxdm-

    @b{ id|cbx a|e`xob|v

    @dqbbhDjibh

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    D@DM_VOV \BDM BVXDXB

    8

    Hrldo ^bd|m ldfc e x|dfc

    e` xjb ~r|fjdvb. HOAFO jdv d`

    erxvxd`ho`k mbkdm dk|bbib`x {oxj

    Hrldo ^bd|m qdmrbh dx Hjv6 lommoe`

    ae| xjb ~r|fjdvb ea feiib|fodm

    v~dfb {oxjo` ~jdvb 4. Xjb hbdm ov

    `e{ lbo`k |bvx|rfxr|bh. [b jdqb

    fe`vohb|bh xjdx. Xjdxv {jy {b idy

    lb o`f|bdvo`k er| btroxy d`h trdvo)

    btroxy ldvb xe eqb|feib xjdx. Er|

    btroxy ldvb ov Hjv4 lommoe`- lrx eqb|xjb `bzx x{e ybd|v {b d|b meeco`k dx

    l|o`ko`k o` dx mbdvx Hjv< lommoe` ea

    btroxy d`h trdvo)btroxy- Gevb~j vdyv.

    Xehdy- Hrldo ^bd|m ov e{`bh ly

    xjb Dm Adjoi K|er~ ea Dlr Hjdlo

    d`h Gevb~j. Lrx exjb| o`vxoxrxoe`dm

    o`qbvxe|v jdqb dmve lbkr` xe meec dx

    Hrldo ^bd|m dv d ~|oib o`qbvxib`x-

    fmdoiv Gevb~j.

    D|b~e|x a|ei xjb O`vxoxrxb ea

    O`xb|`dxoe`dm Ao`d`fb vdyv

    xjb RDB ov |bxr|`o`k xe d

    vemoh k|e{xj ~dxj- xjd`cv

    xe |elrvx keqb|`ib`x v~b`ho`k d`h

    `e|idmovdxoe` ea kmeldm x|dhb.

    Lrx veib |bido` vfb~xofdm. [oxj

    xjb Hrldo veqb|bok` le`h ~|ev~bfxrv

    |bqbdmo`k xjdx jdma ea dmm ~|egbfxv

    |bkovxb|bh ly Hrldov \bdm Bvxdxb

    \bkrmdxe|y Dkb`fy jdqb lbb` fd`fbmmbh

    d`h o`hrvx|y ae|bfdvxv o`hofdxo`k xjdx

    vr~~my {e`x ~bdc r`xom 4

  • 8/8/2019 Gulf Business | December 2010

    45/130Hbfbilb| 4>krmalrvo`bvv 86

    BZBFRXOQB IEQBV

    Cjdmbh Dm Cjdxxdajdv

    geo`bh kmeldm o`qbvxib`x

    ld`c @eir|d dv FBE

    ae| Vdrho D|dlod a|ei xjb

    Xdhd{rm- xjb Vdrho D|dlod

    Vxefc Bzfjd`kb- {jb|b jb

    vb|qbh dv xjb fjoba

    ao`d`fodm eaaofb|. ^|oe| xe

    Xdhd{rm- jb {e|cbh dx Vdrho

    D|dlod Ie`bxd|y Dkb`fy

    ae| `bd|my ybd|v. Jb

    |b~|bvb`xbh Vdrho D|dlod

    o` xjb K xbdi d`h o` xjb h|daxo`k ea xjb Vd`xodke

    ^|o`fo~mbv *>:/ e` V[A dfxoqoxobv.

    Hrldo)ldvbh fe`vx|rfxoe`

    ao|i D|dlxbf Jemho`k vdoh

    oxv led|h jdh dffb~xbh xjb

    `eio`dxoe` eaDlhrmmd

    Cdmld - FBE ea Hrldo

    Dmrio`ori Fei~d`y-

    dv d `b{ led|h ibilb|

    aemme{o k xjb |bvok`dxoe`

    ea D|oa @dtqo- aer`hb|

    ea Dl|ddg Fd~oxdm. Xjb

    fei~d`y dmve bmbfxbh

    Ol|djoi Ldmvdmbj dv fjdo|id` ea xjb ao|iv Drhox

    Feiioxxbb- H| Jb`|y Dwwdi dv fjdo|id` ea xjb

    O`qbvxib`x Feiioxxbb d`h Dhbm Dm @e{dov dv fjdo|id`

    ea xjb @eio`dxoe` d`h \bir`b|dxoe Feiioxxbb.

    Vxd`hd|h Fjd|xb|bh jdv

    `dibh D~ee|qd Vjdj

    dv id`dko`k ho|bfxe| ae|

    ib|kb|v d`h dftrovoxoe`v

    ae| xjb Iohhmb Bdvx- @e|xj

    Da|ofd |bkoe`. Vjdj geo`v

    a|ei Hbrxvfjb Ld`c {jb|b

    jb {dv ievx |bfb`xmy

    |bkoe`dm jbdh ea I!D.

    Vjdj jdv d Idvxb|v ea

    D|xv o` Bfe`eiofv a|eiFdil|ohkb R`oqb|voxy d`h jdv 41 ybd|v ea bz~b|ob`fb

    o` xjb ld`co`k d`h ao`d`fb o`hrvx|y.

    Xjb Vdrho L|oxovj Ld`c *VDLL/ jdv d~~eo`xbh Dmdd Vjbcol Dm

    Gdl|o dv fjoba |ovc eaaofb|. Dm Gdl|o geo`bh VDLL o` @eqbilb|

    >1 dv xjb d|bd kb`b|dm id`dkb| ae| [bvxb|` |eqo`fb. Jb

    jdv ie|b xjd` x{e hbfdhbv ea ld`co`k bz~b|ob`fb o` mbdho`k

    ao`d`fodm o`vxoxrxoe`v o` Vdrho D|dlod d`h xjb Krma. Jb jdv d

    Idvxb| ea Lrvo`bvv Dhio`ovx|dxoe` a|ei xjb O@VBDH- A|d`fb

    d`h d Ldfjbme| ea Lrvo`bvv Dhio`ovx|dxoe` a|ei xjb Dib|ofd`

    R`oqb|voxy ea Lbo|rx- Mbld`e`.

    RDB Cr{dox#?;4 8 66: 8;2? #?12

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    FBEv BXOVDMDX

    Hbfbilb| 4>krmalrvo`bvv 82

    f|bdxo`k e`)xjb)ieqb dqb`rbv

    ae| bdvy dffbvv xe b)idom d`h

    lrvo`bvv d~~mofdxoe`v3 e` xjb

    exjb|- xjb vdib ~|emoab|dxoe` d`h

    k|e{o`k |bmod`fb e` ielomoxy ov

    f|bdxo`k jokjb| vx|bvv ae| xjb FOEv

    {je jdqb d` dhhoxoe`dm xdvc ea

    o`xbk|dxo`k d`h fe`x|emmo`k ielomoxy

    xe elxdo` e~xoiri {e|cae|fb

    bafflfob`fy. Xjov ov {jb|b e|kd`ovdxoe`v`bbh xe femmdle|dxb {oxj vemrxoe`

    ~d|x`b|v- vrfj dv Bxovdmdx- {je

    r`hb|vxd`h bqb|y fei~e`b`x ea xjb

    ielomoxy bfevyvxbi.

    O` dhhoxoe`- xjb x|b`h ea vefodm

    `bx{e|cv {omm v~|bdh ar|xjb|

    o` xjb {e|c~mdfb. Dv xjb mo`bv

    Xjb xbmbfeiir`ofdxoe`v vbfxe|v

    d|b hbqbme~o`k dx d |bmb`xmbvv

    ~dfb. Fei~bxo`k ae| id|cbx

    vjd|b- hbmoqb|o`k o``eqdxoqb

    vemrxoe`v d`h cbb~o`k ~dfb {oxj

    xbfj`emeky {b|b grvx veib fjdmmb`kbv

    xjdx adfbh xjb xbmbfei o`hrvx|y o` xjb

    ~dvx fer~mb ea ybd|v. Dv kmeldm id|cbxv

    bqemqb- fe`qb|kb d`h k|e{- xjb|b ov d

    `bbh ae| e~b|dxe|v xe lb fe`vxd`xmy

    r~hdxbh {oxj fd~dlomoxobv d`h xdmb`xv o`

    e|hb| xe cbb~ ~dfb.Bxovdmdx bzfbmmbh o` oxv e~b|dxoe`v

    d`h jdv fe`xo`rbh xe v~b`h

    {jb|b bbhbh- {jbxjb| ox ov e`

    o`a|dvx|rfxr|b vrfj dv xjb ffllb| e~xof

    `bx{e|c- {jofj {omm lb dffei~movjbh

    o` RDB o` 44 idco`k Dlr Hjdlo

    xjb ffl|vx foxy o` xjb {e|mh lb armmy

    fe``bfxbh ly xjov `bx{e|c- e| o`

    ido`xdo`o`k xjb trdmoxy ea vb|qofbv

    d`h bx{e|cv r~k|dhbv.

    O` d {e|mh {jb|b vbdimbvv

    fe``bfxoqoxy {omm lb ad| ie|b

    oi~e|xd`x o` xjb arxr|b- {jbxjb|

    lbx{bb` ~be~mb e| idfjo`bv- {b

    je~b xe ~evoxoe` Bxovdmdx xe ~|efflx

    a|ei |ovo`k hbid`h ae| idfjo`b)xe)

    idfjo`b fe``bfxoqoxy. Xjb o`xb|`bx

    {omm lbfeib irfj ie|b dlerx

    Xjb fjdo|id` ea RDB xbmbfeiir`ofdxoe`v

    fei~d`y- Bxovdmdx- vdyv vefodm `bx{e|co`k {omm

    lbfeib xjb `e|i ae| {e|c hbfovoe` idco`k.

    Iejdiidh Ei|d`

    K|e{o`k |bmod`fb e` ielomoxy ov f|bdxo`kjokjb| vx|bvv ae| xjb FOEv {je jdqb xjb

    xdvc ea o`xbk|dxo`k bafflfob`fy.

    fe``bfxoqoxy ae| xjb frvxeib|-

    {jbxjb| ox ov frvxeib|v {oxj

    `bx{e|cv- e| idfjo`bv. Xjb|b d|b `e{

    ie|b idfjo`bv xjd` ~be~mb d`h xjov

    {omm lb d idge| d|bd ea arxr|b k|e{xj

    o` xjb xbmbfei id|cbx.

    Ielomoxy vemrxoe`v jdqb f|bdxbh d

    ~d|dhoki vjoax o` xjb {dy

    lrvo`bvvbv d|b fe`hrfxbh o` xjb

    |bkoe`. [jomb- e` xjb e`b jd`h-

    ~|emoab|dxoe` ea ielomb hbqofbv d|b

    jbm~o`k xe molb|dxb xjb {e|cae|fb ly

    lbx{bb` ~|eabvvoe`dm d`h ~b|ve`dm

    feiir`ofdxoe`v lbfeib o`f|bdvo`kmy

    lmr||bh- xjb o`hrvx|y {omm `bbh

    xe o`fe|~e|dxb b`xb|~|ovb vefodm

    `bx{e|co`k o`xe xjbo| eqb|dmm r`offlbh

    feiir`ofdxoe`v d`h vx|dxbky.

    B`xb|~|ovb)k|dhb qb|voe`v ea Adfbleec-

    X{oxxb| d`h [ocov o` xjb {e|c~mdfb

    {omm lbko` xe lb dv feiie` dv b)idom

    d`h {omm fjd`kb xjb {dy lrvo`bvv ov

    fe`hrfxbh. Dv d |bvrmx- xjb hbfovoe`)

    idco`k ~|efbvv {omm lb dffbmb|dxbh.

    Dlerx Iejdiidh Ei|d`Ei|d` mbdhv Bxovdmdx- {jofj ov `e{

    e`b ea xjb md|kbvx xbmbfeiir`ofdxoe`v

    fei~d`obv o` xjb {e|mh {oxj d id|cbx

    qdmrb ea d~~|ezoidxbmy (? xe |bdfj Hjv6>.:

    lommoe`. @bx ~|efflxv o`f|bdvbh ly ~b|

    fb`x o` xjb vdib ~b|oeh.

    Xj|erkj Ei|d`v vx|dxbky {jofj ov

    ldvbh e` hb~meyo`k o`xb|`dxoe`dm lbvx

    ~|dfxofb- xje|erkj id|cbx d`dmyvov

    d`h vbmbfxo`k e~~e|xr`oxobv ldvbh e`

    vx|o`kb`x f|oxb|od- xjb rilb| ea Bxovdmdxv

    frvxeib|v o`f|bdvbh a|ei e`my aer|

    iommoe` o` >8 xe 4>; iommoe` frvxeib|v

    o` T4 4> df|evv 4: id|cbxv o` Dvod-

    Da|ofd d`h xjb Iohhmb Bdvx.

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    FBEv D\DLXBF JEMHO@K

    Hbfbilb|| 4>krmalrvo`bvv 8;

    [b fe`xo`rb xe vbbc lexj mefdm d`h

    |bkoe`dm e~~e|xr`oxobv {oxj xjb doi

    ea fe`xo`ro`k xe k|e{ d`h bz~d`h

    e` er| fr||b`x fd~dlomoxobv. [b jdqb

    fe`fflhb`fb xjb bib|ko`k id|cbxv {bd|b k|e{o`k o`- bv~bfodmmy Dlr Hjdlo-

    Vdrho D|dlod- Bky~x- Vy|od- Tdxd|-

    Ldj|do` d`h D`kemd- {omm fei~b`vdxb

    ae| xjb |bhrfbh e~~e|xr`oxobv o` xjb

    RDB id|cbx- `dibmy Hrldo.

    O

    ` >:- xjb|b {b|b (88 lommoe` ea

    fe`vx|rfxoe` fe`x|dfx d{d|hv o`

    xjb bio|dxb3 o` >? xjov hbf|bdvbh

    xe (? lommoe`3 d`h ve ad| o` 4>

    xjb|b jdv lbb` grvx (2 lommoe` ea

    ~|egbfxv d{d|hbh o` Hrldo. Er| jeib

    id|cbx- {jofj x|dhoxoe`dmmy dffer`xbh

    ae| ievx ea er| xr|`eqb|- jdv vme{bh

    he{` o` d{d|ho`k fe`x|dfxv.

    Xjb vme{he{` jdv |bvrmxbh o`

    fflb|fb fei~bxoxoe` d`h vtrbbwbh

    id|ko`v- xjb fe`x|dfxv d{d|hbh ae|

    ibkd ~|egbfxv d|b ex jbdmxjy d`h

    ae| xjb vidmmb| e`bv xjb id|ko`v d|b

    bqb` {e|vb. Vtrbbwo`k id|ko`v xe

    r`jbdmxjy mbqbmv |bvrmxv o` xjbi `ex

    lbo`k hbmoqb|bh dv xjby vjermh lb3

    trdmoxy {omm vraab|.

    Lexj xjb fe`vx|rfxoe` d`h |bdm

    bvxdxb id|cbx o` Hrldo fe`xo`rbh

    xe bzjolox vok`v ea vmrkkovj`bvv

    xj|erkjerx 4>. D|dlxbf xdfcmbv

    xjbvb ovvrbv ly ido`xdo`o`k fmevb

    d`h fe`xo`rerv o`xb|dfxoe`v {oxj

    fmob`xv- ~d|xofrmd|my {oxj |bkd|h

    xe ~dyib`x xb|iv d`h fei~mbxoe`

    vfjbhrmbv- {jomvx fe`xo`ro`k xe ldfc

    er| feiioxib`x xe xjb RDB d`h

    er| fmob`xv.

    Xe fei~b`vdxb ae| xjb vme{he{` o`lrvo`bvv o` Hrldo- xjb ido` x|b`hv

    {omm lb ea fe`xo`rbh kbek|d~jofdm

    bz~d`voe`. Xjb RDBv fe`vx|rfxoe`

    id|cbx ov `e{ h|oqb` ly hbqbme~ib`x

    ~|egbfxv o` Dlr Hjdlo- {jomb- grvx x{e

    ybd|v dke- ox {dv Hrldov |bdm bvxdxb

    ~|egbfxv xjdx heio`dxbh xjb vbfxe|.

    Dlr Hjdlo {omm |bido` xjb lbvx

    id|cbx ae| fe`x|dfxe|v o` xjb RDB ae|

    xjb `bd| arxr|b. Xjb RDB dffer`xv

    ae| `bd|my .6 ~b| fb`x ea xexdm

    fe`vx|rfxoe` o`hrvx|y o` xjb |bkoe`-

    aemme{bh ly Vdrho D|dlod- Dmkb|odd`h Bky~x.

    Xjb|b ov d x|b`h xe{d|hv ieqo`k

    o`xe o`a|dvx|rfxr|b ~|egbfxv d`h d`

    o`f|bdvbh hbid`h ae| {e|c o` xjov

    vrl)vbfxe| fdrvbh ly xjb |bkoe`dm

    idf|e)bfe`eiof adfxe|v d`h xjb

    |bmdxbh o`f|bdvbh keqb|`ib`xdm

    v~b`ho`k. Ievx fer`x|obv o` xjb

    IB@D |bkoe` jdqb xe fdxb| xe d

    yer`k k|e{o`k ~e~rmdxoe` d`h d

    advxb| ieqo`k vefobxy xjov jdv

    f|bdxbh diloxoerv o`xb`xoe`v xe ~rvj

    \odh Cdidm- FBE ea D|dlxbf- xjb |bkoe`v md|kbvx

    fe`vx|rfxoe` fei~d`y- vdyv mefdm ffl|iv {omm jdqb xe

    bz~d`h erx ea Hrldo xe vr|qoqb xjb `bd|)xb|i.

    \odh Cdidm

    Xe fei~b`vdxb ae| xjb vme{he{` o`lrvo`bvv o` Hrldo- xjb ido` x|b`hv {omm

    lb ea fe`xo`rbh kbek|d~jofdm bz~d`voe`.

    o`a|dvx|rfxr|b hbqbme~ib`x ~|egbfxv.

    Aemme{o`k d fjdmmb`ko`k ~b|oeh o`

    >? d`h xjov ybd|- {b d|b bz~bfxo`k d

    ie|b ~|eiovo`k 44 d`h lbye`h. O`

    |bfb`x ie`xjv- ffl|iv jdqb l|d`fjbho`xe b{ id|cbxv- v{oxfjo`k aefrv

    a|ei ~|oqdxb xe ~rlmof vbfxe| vfjbibv

    d`h ae|io`k `b{ dmmod`fbv o` d loh

    xe {o` {e|c o` xjov o`f|bdvo`kmy

    fei~bxoxoqb b`qo|e`ib`x.

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    )F|hoxv~jexe7

    _qd`Wbhhd)IrmxoE`bHbvok`V.D.

    4>

    D KMELDM FEIIR@OFDXOE@ ^MDXAE\I

    Xjb IEH;> e`b)hbvok` efbd`of irmxojrmm fo|frox |b~|bvb`xv d `b{ kb`b|dxoe` eao`xb|`dxoe`dm v~e|xo`k bqb`xv feilo`o`k ~b|ae|id`fb- v~e|xv btroxy- fevx fe`x|em-ibhod oi~dfx d`h bfe)|bv~e`volomoxy. Dv d |dmmyo`k fdmm e` bqb|y fe`xo`b`x- xjbIrmxo E`b Hbvok` fo|frox eaab|v d r`otrb- o`xb|`dxoe`dm ~mdxae|i ae| feiir`ofdxoe`.

    D R@OTRB FE@FB^X- D R@OTRB FDRVB- D R@OTRB E^^E\XR@OX_Geo` rv dx {{{.irmxoe`bhbvok`.fei

    E Btrdm Xb|ive xjb Efbd md`bx

    XJB RMXOIDXBVDOMO@K [E\MH FMDVV

    IEH ;>

    \EMD@H GER\HDO@Vco~~b| ea xjb IEH ;> @>krmalrvo`bvv 8?

    FBEvIDVJ\BTLD@C

    Dlhrm Dwow Dm Kjr|do|Xjb fjdo|id` ea Idvj|btld`c vdyv lbxxb|

    |ovc id`dkbib`x {omm mbdh xe k|e{xj d`h

    hoqb|vofflfdxoe` o` xjb o`hrvx|y.

    O

    xv oi~e|xd x xe vxdxb xjdx 4> ov

    xjb ybd| {jb|b xjb ld`co`k o`hrvx|y

    jdv vbxxmbh- daxb| x{e ybd|v ea x|yo`k

    xe bib|kb a|ei xjb ffl`d`fodm f|ovov.

    @e{- {b fd` vdy xjdx xjb id|cbx ov

    vxdlmb d`h xjb|b ov e rfxrdxoe`.

    Xjb RDB ld`co`k o`hrvx|y jdv lbb`

    xj|erkj xjb {e|vx d`h oxv |bfeqb|o`k

    `e{- vme{ lrx vxbdhomy. O` xjb |bkoe`-

    xjb f|ovov jdv lbb` hbdmx {oxj qb|y

    fdrxoervmy xe moiox hdidkbv d`h

    e~b|dxb dx xjb vdib xoib.

    Ao`d`fodm o`vxoxrxoe`v e{ d|b ie|b

    qokomd`x d`h hbfovoe`v xe mb`h d|b mbh

    ly d fe`f|bxb lrvo`bvv ~md`. Mb`ho`k

    `bqb| vxe~~bh o` vrfj d xerkj

    b`qo|e`ib`x- je{bqb|- ox jdv vme{bh

    he{` lbfdrvb fb|xdo` ibdvr|bv d|b

    xdcb` lbae|b vrfj d hbfovoe` ov idhb.

    [b jdqb elvb|qbh je{ ld`cv

    d|b aefrvo`k e` |ovc id`dkbib`x

    `e{ ie|b xjd` bqb|- dv ox ov xjb

    ldfcle`b ea d`y lrvo`bvv. Vbowo`k

    ea e~~e|xr`oxobv {oxj `e ~md``o`k

    ov d x|b`h xjdx jdv fjd`kbh dv {bmm-

    ae|fo`k fei~d`obv xe d`dmyvb d`h

    ohb`xoay xjb fe`vbtrb`fbv xe{d|hv

    xjbo| ~b|ae|id`fb.

    O` xjb ~dvx- {b jdqb `exofbh xjb

    mdfc ea ~md``o`k df|evv qd|oerve|kd`ovdxoe`v d`h je{ ox jdv oi~dfxbh

    xjbo| lrvo`bvv. Oxv oi~b|dxoqb ae| bqb|y

    e|kd`ovdxoe` xe dftro|b d vemoh ~md`

    {oxj hbxdombh ~|efbvvbv e` je{ oxv

    kedmv {omm lb dffei~movjbh.

    Xjov ybd| {dv dmve d ybd| ea vxbdhy

    gelv o` xjb ld`co`k o`hrvx|y- {jb|b

    Xjb|b {omm lb ie|b aefrv e` frvxeib||bxb`xoe`- {jomb hbqbme~o`k dxx|dfxoqb

    ~|ehrfxv xjdx dffeiiehdxb frvxeib|

    |btro|bib`xv d`h id|cbx fe`hoxoe`v.

    O` xehdyv qemdxomb d`h r`fb|xdo`

    id|cbxv- {jb|b xjb f|ovov ov

    |bhbffl`o`k xjb o`hrvx|y d`h oxv

    fei~bxoxoqb b`qo|e`ib`x- ld`cv bbh

    frvxeib| |btro|bib`xv d`h eaab|r`idxfjbh vb|qofbv xe ido`xdo`

    er| mbdho`k ~evoxoe` o` xjb ld`co`k

    o`hrvx|y. O` v~oxb ea xjb hoafflfrmx kmeldm

    ffl`d`fodm b`qo|e`ib`x- {b fe`xo`rb xe

    k|e{ d`h o`qbvx o` vx|dxbkof ~|egbfxv.

    Eqb| xjb ybd|v {b jdqb vrffbbhbh o`

    mdr`fjo`k o``eqdxoqb ~|ehrfxv d`h

    vb|qofbv o` e|hb| xe eaab| fe`qb`ob`fb

    xe frvxeib|v.

    O` mo`b {oxj er| vx|dxbky xe lb d

    |bkoe`dm ffl`d`fodm o`vxoxrxoe`- {b

    d|b bz~me|o`k e~~e|xr`oxobv xe xd~

    o`xe `b{ id|cbxv d`h fei~mbib`xer| `bx{e|c ea l|d`fjbv d`h

    |b~|bvb`xdxoqb eafflfbv d|er`h xjb

    {e|mh. Xehdy- {b d|b ~|bvb`x o` Bky~x-

    Cr{dox- Ldj|do`- Tdxd|- Je`k Ce`k-

    O`hod- Ld`kmdhbvj- RVD- dcovxd`-

    Vrhd` d`h R`oxbh Co`khei.

    O` xjb RDB- {b jdqb 28 l|d`fjbv

    d`h

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    FBEv BXOJDH

    xjdx- ae| er| fe|~e|dxb frvxeib|v- xjov

    hb~xj ov bvvb`xodm. Dmm lrvo`bvvbv-

    `ex grvx do|mo`bv- {omm `bbh xe lb mbd`

    d`h advx)ieqo`k xe idcb xjb ievx ea

    xjb r~xr|`.

    [b d|b {dxfjo`k xjb kmeldm bfe`eiy

    fmevbmy ae| |bmbqd`x ieqbib`xv. Er|

    arxr|b ~md`v ae| er| `bx{e|c d|b

    hbxb|io`bh ly xjb k|bdxbvx d|bdv ea

    e~~e|xr`oxy. @dxr|dmmy- dv Fjo`d d`h

    O`hod idxr|b- {b {omm aefrv e` xjevb

    oi~e|xd`x id|cbxv. Exjb| ~d|xv ea

    verxj bdvx Dvod {omm lb jokj e` er| movx.

    Vee` b`erkj- {b {omm meec xe L|dwom

    d`h oxv `bokjler|v dv idge| ver|fbv ea

    x|d`vab| d`h ~eo`x)xe)~eo`x x|dafflf.

    Dv xjbvb v~ecbv fe`xo`rb xe lromh-

    Dlr Hjdlo {omm lb ohbdmmy ~mdfbh. Xjb

    o`f|bdvo`k `rilb| ea qovoxe|v {omm

    jbm~ h|oqb xjb bio|dxbv bz~d`voe`

    {jomb xjb bio|dxbv bz~d`voe` {omm jbm~

    kb`b|dxb ie|b x|dafflf dv ox lbfeibv

    d` o`f|bdvo`kmy ve~jovxofdxbh ~mdfb xe

    qdfdxoe` d`h xe he lrvo`bvv.

    Bxojdh {omm rvb 44 xe ar|xjb|

    o`f|bdvb oxv vfdmb xj|erkj cby vx|dxbkof

    dmmod`fbv {oxj mocbio`hbh do|mo`bv.

    ^d|x`b|o`k {oxj exjb| fd||ob|v o` xjbo|

    jeib id|cbxv xe ver|fb k|bdxb| ld`cv

    ea x|dafflf ov xjb ievx baabfxoqb {dy {bfd` hbvok` d kmeldm `bx{e|c.

    Erx ea Ce|bd {b {omm fehbvjd|b a|ei

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    `e vboviof vjoaxv ae| kmeldm dqodxoe`

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    ae|xofflbh xjb bzovxo`k x|b`hv. E`b ea

    xjevb x|b`hv ov xjb k|e{xj ea xjb Krma-

    lexj dv d ~dvvb`kb| jrl d`h dv d`

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    o` xjb Krma- ov k|e{o`k vx|e`kmy. [b

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    d`h mdr`fjbh |erxbv xe Ldkjhdh d`h

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    d`h Vberm.

    [b dmve o`f|bdvbh er| a|btrb`fobv

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  • 8/8/2019 Gulf Business | December 2010

    55/130Hbfbilb| 4>krmalrvo`bvv 26

    FBEv KRMA DO\

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