Richard Melson

April 2006

TAIB Bahrain II

http://www.taib.com

Dear Investor,

In order to view our
GCC Market Report dated 9 April 2006,

please click on the hyperlink below:

http://www.taib.com/reports/M01025040906/GCC%5F09APR06.pdf

We hope that you find it interesting reading, while welcoming your valuable feedback on the issue.

For any further information or clarifications,

please feel free to be in touch with us at:

Tel: + 973 17549485; Fax: + 973 17916035;

Email: chinku@taib.com

Best regards,

Chinku Thankappan

Senior Analyst - GCC

TAIB Bank BSC(c)

Post Box 20485, Manama

Kingdom of Bahrain

GCC Market Report (9 Apr) from TAIB Bahrain

TAIB Research Research@taib.com

Sunday, April 9, 2006