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JERUSALEM, May 31 (Reuters) - Paz Oil (PZOL.TA), Israel'slargest distributor of refined oil products, on Sunday reporteda 57 percent drop in quarterly net profit, hurt by one-timeaccounting changes and lower revenues autographed baseball . Paz posted first-quarter profit of 101 million shekels ($26million), or 9.97 shekels per diluted share, compared withprofit of 237 million shekels, or 23.41 shekels a share, a yearearlier bluejays hat . Excluding the accounting changes and hedging expenses, Pazsaid net profit rose to 200 million shekels from 113 million bluejays hats . Revenue slipped to 2.6 billion shekels from 4.3 billion dueto the decline in the prices of fuels bluejays jerseys .

($1 = 3.96 shekels) (Reporting by Steven Scheer, Editing by Dean Yates) baseball managers . (Adds quotes, background) Currencies  |  Bonds  |  Saudi Arabia ABU DHABI, May 31 (Reuters) - The central bank chief forthe United Arab Emirates said he saw weakness in the dollar asa "temporary situation" and expressed support for thegreenback, saying nothing could replace it as a reservecurrency bluejays photos . "There is no other currency to replace the dollar, not theeuro," Central Bank Governor Sultan Nasser al-Suweidi toldreporters on Sunday bluejay tickets . "It is the currency for investment." The comments echo those made several days earlier whenSuweidi said the UAE was not diversifying its reserves awayfrom the dollar after the country's decision to drop plans tojoin a Gulf Arab currency union fanned speculation it couldalter its dollar peg bluejays baseball . [IDn:LT295593] Suweidi affirmed the UAE's plans to keep out of theproposed union for the time being after a media report earlieron Sunday said the four remaining participants in the project-- Saudi Arabia, Qatar, Kuwait and Bahrain -- would sign anaccord on June 7 "We are withdrawn We are out for the moment," he said.

Separately, Suweidi said most, but not all of the banks inthe UAE would meet the central bank's June 30 deadline toincrease their capital adequacy ratio to a minimum of 11percent "Most banks will meet it," he said baseball season tickets . (Reporting by Stanley Carvalho, Writing by Thomas Atkins,Editing by Dean Yates) Currencies Bonds Saudi Arabia bluejays baseball tickets . SEOGWIPO, South Korea (Reuters) - South Korea's president Lee Myung-bak called on east Asian countries on Sunday to boost intra-regional trade and cooperation to tackle climate change bluejays cap . BEIJING, May 31 (Reuters) - China's steel mills won'taccept the iron ore pricing deal Rio Tinto (RIO.L)(RIO.AX)struck with Japanese and South Korean rivals last week, theChina Iron & Steel Association said in a statement on Sunday . Japan  |  South Korea CISA said the price cut of 33 percent for iron ore finesand 44 percent for lump did not reflect the real supply anddemand situation on the international market, would driveChinese mills into losses and did not represent a "win-win"relationship between the iron ore supplier and buyers. "For this reason, Chinese iron and steel enterprises cannotaccept this price, end of discussion," CISA said in astatement (Editing by Dean Yates) Japan South Korea.