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To: CommanderCricket who wrote (91505)10/5/2007 9:14:41 AM
From: elmatador  Respond to of 206334
 
Middle East issues:

GCC thinking US down may force them to unpeg as Kuwait already did. Gulf investors might flee from US assets
arabianbusiness.com

Bu they are investing money left and right: $6.5 trillion by 2011, Sovereign Wealth Funds will have more funds than the aggregate reserves of all central banks

U.A.E has set a sovereign fund to buy companies. Wave of petrodollars from the emirates sets western stock markets alight
business.guardian.co.uk

Abu Dhabi National Energy Company (TAQA) plans to invest $60 billion by 2012 in the energy sector in three key growth regions ? Canada, Europe and MENA.

U.A.E pursuing the goal is to establish a financial center in Dubai.

The mobile operators are invading other countries investing heavily.

The GCC is trying to get Iran into a free trade area which will preempt Iran from causing economic trouble.

Elsewhere, in the politics front:
Bush's administration announced plans in July to stage a Middle East peace summit, its most serious attempt to forge peace in the region after years of violence between Israel and the Palestinians. Codoleeza Rice is trying to broker a peace agreement to create a Palestinian state that will live side by side with Israel.

November 26th there will be the peace conference. There's always hope a deal can be reached.

The only odd man out is this thing here. USD270bn capital flight to Dubai once Ahmadinejad took over 2005. The local oligarchs have been sabotaging the Iranian economy to make sure Ahmadinejad is booted out the office after his term is over.

Can petrodollars buy social peace in the region? It would work this way:

Egypt’s rapid growth poised to attract more Gulf petrodollars
Published: Thursday, 6 September, 2007, 02:13 AM Doha Time

CAIRO: Egypt is poised to lure a growing share of Gulf Arab petrodollars as its combination of rapid economic growth, market size and relative political stability pushes aside regional rivals.
Gulf investors are buying banks and telecom licences in the most populous Arab country and have helped push Egypt’s stock market index up about 18% this year.



To: CommanderCricket who wrote (91505)10/18/2007 9:58:26 AM
From: elmatador  Respond to of 206334
 
Energy-rich Caspian becomes center of U.S.-Russia power struggle

"On Tuesday, it was Putin's turn to put down his marker. On the first visit in 64 years by a Kremlin leader to Tehran, he met his Iranian counterpart, Mahmoud Ahmadinejad, whose country faces a fresh round of sanctions by the United Nations if it does not comply with Security Council demands for reining in its nuclear program.

But while the standoff between Iran and the United Nations stole the limelight, the reason for Putin's visit was a summit meeting with Ahmadinejad and three Central Asian leaders who are now being wooed in the Caspian power game.

"The summit in Tehran was about the future status of the Caspian Sea," said Johannes Reissner, Middle East expert at the German Institute for International and Security Affairs in Berlin. "Iran and Russia have enormous interests in resolving this status.
iht.com

Elmat's kid (on holidays) stake her claim on the Caspian Sea