Sunday, May 06, 2007

Oman pulls out of Gulf Air ownership


MANAMA — Sheikh Salman bin Hamed Al Khalifa, deputy ruler of Bahrain, received at Al Rifaa Palace here yesterday Ahmed bin Abdulnabi Macki, minister of national economy and deputy chairman of the Financial Affairs and Energy Resources Council; Sheikh Mohammed bin Abdullah Al Harthy, transport and communications minister; Darwish bin Ismail Al Balushi, secretary-general of the Finance Ministry and Mohammed bin Sakhar Al A’amri, undersecretary for civil aviation affairs at the Transport and Communications Ministry. During the meeting, Macki and his accompanying delegation conveyed the greetings of His Majesty Sultan Qaboos bin Said to His Majesty King Hamad bin Issa Al Khalifa of Bahrain and the deputy king of Bahrain along with His Majesty’s wishes of progress and prosperity to the Kingdom of Bahrain under King Hamad’s wise leadership. During the meeting, Macki and head of the delegation conveyed the Sultanate’s government intention to withdraw from the Gulf Air ownership. He underlined the Sultanate’s keenness on deep historical and brotherly cooperation relations between the two countries leaderships and people in various spheres. In his turn, Sheikh Salman bin Hamad Al Khalifa emphasised the Bahraini government’s appreciation to the Sultanate’s supportive stands for Gulf Air Company in the past 33 years, which undoubtedly reflects deep historic relationship between the two countries. Sheikh Salman discussed with the delegation ways of enhancing cooperation between the two countries, particularly in economic and investments sectors, which would be beneficial for both countries and peoples. The deputy king of Bahrain has asked Macki to convey the greetings of His Majesty King Hamad bin Issa Al Khalifa of Bahrain along with his greetings to His Majesty the Sultan. The meeting was attended by Sheikh Ahmed bin Mohammed Al Khalifa, finance minister in the Kingdom of Bahrain, chairman of Bahraini Properties Holding Company and senior Bahraini officials. Meanwhile, Macki, Al Harthy, Darwish and A’amri held a joint meeting with Sheikh Ahmed bin Mohammed Al Khalifa, finance minister in the Kingdom of Bahrain and chairman of Bahrain’s Properties Holding Company in the presence of senior Bahraini officials. The two sides reviewed bilateral relations between the Sultanate and Kingdom of Bahrain in various spheres. Macki, the head of the Omani side, handed over the Sultanate’s letter of intention to withdraw from the Gulf Air company in accordance with the Article 22 of the Gulf Air formation agreement. Hence from today onward, the Gulf Air would be managed by the Bahraini government. The two sides also agreed at the meeting to form a joint committee and its member to be appointed by the two sides to assess the company’s assets and to appoint auditors and technicians for this purpose.

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