March in Basra to Deplore Attack on Iran Consulate
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GCC Oil Exporters and the Future of the Dollar Forthcoming in New Political Economy
Title: GCC Oil Exporters and the Future of the Dollar Forthcoming in New Political Economy Author: Bessma Momani- Assistant Professor University of Waterloo and Senior Fellow, Centre for International Governance and Innovation Bio: Dr. Bessma Momani is Assistant Professor at the University of Waterloo and a Senior Fellow at the Centre for International Governance and Innovation. Dr. Momani has written on the US Middle East Free Trade Area, Euro-Med initiative, economic integration of the GCC, EU-GCC free trade agreement, economic liberalization in Egypt, and extensively on the International Monetary Fund. In addition to three monographs, her articles have appeared in World Economics, International Journal, Review of International Political Economy, Review of International Organizations, World Economy, Global Society, Middle East Review of International Affairs, New Political Economy, Canadian Journal of Political Science, and Asian Affairs. Abstract: Since the early 1970s, the oil-exporting states of the Gulf Cooperation Council (GCC) led by Saudi Arabia, have played a key role in supporting the value of the US dollar by invoicing oil trade oil in dollars and by investing in US dollar reserves and securities. However, the United States‟ negative fiscal and current account positions have made many nervous about the sustainability of the US dollar as an international reserve currency. This article asks whether the GCC oil exporters will undermine the future of the dollar. Three factors are considered: the GCC‟s influence in changing the dollar-based invoicing of oil; emerging patterns in petrodollar recycling; and, the potential for diversification of GCC official reserves. The findings of this article suggest that despite some economic rationales in favour of loosening ties to the dollar, in the short term at least, the GCC will remain loyal to the dollar for political and security reasons. -
Qatar, Ecuador Ink Pacts to Boost Ties
WEDNESDAY OCTOBER 3, 2018 MUHARRAM 23, 1440 VOL.12 NO. 4411 QR 2 FINE Fajr: 4:10 am Dhuhr: 11:24 am HIGH : 39°C Asr: 2:48 pm Maghrib: 5:20 pm LOW : 30°C Isha: 6:50 pm First 5G network in the world! Amir, Ecuador president discuss Amir invites Ecuador president to visit Qatar, Ecuadorian president praises ways to develop bilateral relations praises Ecuador’s position on just causes Qatar’s handling of Gulf crisis Qatar, Ecuador ink pacts to boost ties QNA QUITO ECUADORIAN NATIONAL ORDER THE Amir HH Sheikh Tamim bin Hamad al Thani and Ecuado- OF MERIT FOR THE AMIR rian President Lenin Moreno dis- cussed the ways to boost relations between the two countries in vari- ous fields, especially economy, trade and tourism. During a meeting at the Presi- dential “Carondelet Palace” in the capital Quito, the Ecuador president welcomed the Amir and the accom- panying delegation and expressed the hope that this visit would con- tribute to deepening relations be- tween the two friendly countries. Moreno said the meeting with the Amir dealt with ways of enhanc- ing cooperation in various fields, es- pecially energy and infrastructure. The Amir thanked the presi- dent and the Ecuadorian people for their hospitality and warm re- ception accorded to him and the The Amir HH Sheikh Tamim bin Hamad al Thani met President of the National Assembly of Ecuador Elizabeth Cabezas accompanying delegation. and its members, at the Assembly’s building in Quito on Tuesday. The Amir said the relation- ship between the two countries is Amir arrives in Lima solid and strong, stressing that this Amir receives key to capital Quito visit will be a new start to further THE Amir HH Sheikh Tamim bin Hamad al Thani has received the key to THE Amir HH Sheikh Tamim bin strengthening the relations. -
Iran Business Guide
Contents Iran Chamber of Commerce, Industries & Mines The Islamic Republic of IRAN BUSINESS GUIDE Edition 2011 By: Ramin Salehkhoo PB Iran Chamber of Commerce, Industries & Mines Iran Business Guide 1 Contents Publishing House of the Iran Chamber of Commerce, Industries & Mines Iran Business Guide Edition 2011 Writer: Ramin Salehkhoo Assisted by: Afrashteh Khademnia Designer: Mahboobeh Asgharpour Publisher: Nab Negar First Edition Printing:June 2011 Printing: Ramtin ISBN: 978-964-905541-1 Price: 90000 Rls. Website: www.iccim.ir E-mail: [email protected] Add.: No. 175, Taleghani Ave., Tehran-Iran Tel.: +9821 88825112, 88308327 Fax: + 9821 88810524 All rights reserved 2 Iran Chamber of Commerce, Industries & Mines Iran Business Guide 3 Contents Acknowledgments The First edition of this book would not have been possible had it not been for the support of a number of friends and colleagues of the Iran Chamber of Commerce, Industries & Mines, without whose cooperation, support and valuable contributions this edition would not have been possible. In particular, the Chamber would like to thank Mrs. M. Asgharpour for the excellent job in putting this edition together and Dr. A. Dorostkar for his unwavering support . The author would also like to thank his family for their support, and Mrs. A. Khademia for her excellent assistance. Lastly, the whole team wishes to thank H.E. Dr. M. Nahavandian for his inspiration and guidance. Iran Chamber of Commerce, Industries & Mines June 2011 2 Iran Chamber of Commerce, Industries & Mines Iran Business Guide 3 -
I've Nothing to Prove: Hamilton Dismisses Possible Russell Rivalry
10 Friday, September 3, 2021 Sports Ronaldo hails Ali Daei I’ve nothing to prove: after setting new record AFC Hamilton dismisses KUALA LUMPUR CRISTIANO Ronaldo has paid tribute to Ali Daei after possible Russell rivalry bettering the Islamic Repub- lic of Iran legend’s goalscor- ing record. DPA the former childhood friends Ronaldo struck two late ZANDVOORT (NETHERLANDS) duelled for the championship. goals as Portugal came from Team principal Toto Wolff behind to defeat Ireland 2-1 in LEWIS Hamilton insisted on vowed never to place two al- their FIFA World Cup Qatar Thursday he had nothing to pha drivers together, with Bot- 2022 qualifier on Wednesday. prove with George Russell tas seen as an able wingman. Ronaldo had missed a 15th TWO EARS APART: Ali Daei (left) and Cristiano Ronaldo. poised to be announced as But the Finn’s decline this minute penalty but equalised his team-mate for 2022 - be- season, and Russell’s emer- in the 89th minute with a “First of all, because every his Instagram account when fore calling on his compatriot gence as a world champion in header for his 110th interna- time I represent my coun- the Portuguese legend had to “respect” the harmony at waiting, has forced their hand. tional goal - one more than try is a special moment, for equalled the Iranian’s record Mercedes. “If it does turn out that I Daei - before outjumping the knowing that I’m defending during Euro 2020 in June. It is understood that the have got a new team-mate, I Irish defence again in the sixth Portugal and showing to the “Another reason for me Silver Arrows will confirm am in a different place in my minute of added time. -
Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse
Suite 301, 20 Harewood Avenue, London, NW1 6JX Tel: +44 (0) 207 258 3750 - Email: [email protected] - www.globalcrisis.org.uk Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse By William Clark August 8, 2005 "This notion that the United States is getting ready to attack Iran is simply ridiculous...Having said that, all options are on the table." -- President George W. Bush, February 2005 Contemporary warfare has traditionally involved underlying conflicts regarding economics and resources. Today these intertwined conflicts also involve international currencies, and thus increased complexity. Current geopolitical tensions between the United States and Iran extend beyond the publicly stated concerns regarding Iran's nuclear intentions, and likely include a proposed Iranian "petroeuro" system for oil trade. Similar to the Iraq war, military operations against Iran relate to the macroeconomics of 'petrodollar recycling' and the unpublicized but real challenge to U.S. dollar supremacy from the euro as an alternative oil transaction currency. It is now obvious the invasion of Iraq had less to do with any threat from Saddam's long-gone WMD program and certainly less to do to do with fighting International terrorism than it has to do with gaining strategic control over Iraq's hydrocarbon reserves and in doing so maintain the U.S. dollar as the monopoly currency for the critical international oil market. Throughout 2004 information provided by former administration insiders revealed the Bush/Cheney administration entered into office with the intention of toppling Saddam.[1][2] Candidly stated, 'Operation Iraqi Freedom' was a war designed to install a pro-U.S. -
April-May 2011 / No.137- 138 South Pars Gas Production: Right from The
In The Name of God Articles on Oil & Gas in the English section, April-May 2011 / No.137- 138 in cooperation with IranOilGas.com Published by: IRANIAN ASSO - CIATION FOR ENERGY ECO-NOMICS (IRAEE) ISSN 15631133- Daiichi Nuclear Power Plant and Western Director and Editor-in - Chief: Policies of Energy Security / 2 Seyed Gholamhossein Hassantash Editorial Manager: Saed Dabestani Editorial Board: Majid Abbaspour, Reza Farmand, Ali Moshtaghian, Mohammad-reza Omidkhah, Ebrahim Bagherzadeh, Turkish Government and the Question of Fereidoun Barkeshly, Hassan Khosravizadeh, Mohammad-ali Unfeasible Nature of Baku-Tbilisi-Ceyhan Movahhed, Behroz Beik Alizadeh, Ali Emami Meibodi, Seyed Mohammad-ali Tabatabaei, Afshin Javan, Hamid Abrishami, (BTC) Pipeline / 4 Mohammad-bagher Heshmatzadeh, Mehdi Nematollahi, Mozafar Jarrahi, Ali Shams Ardakani, Mohammad Mazreati Advertisement Dept : Adamiyat Advertising Agency Tel: 021 - 88 96 12 15 - 16 / 6 Translators: Mahyar Emami, Hamid Barimani Subscription: Hamideh Noori South Pars Gas Production: Right from the Start / 10 IRANIAN ASSOCIATION FOR ENERGY ECONOMICS Unit 13, Fourth flour, No.177, Vahid Dastgerdi (Zafar) Ave., Tehran, Iran Tel: (9821) 222620613- Fax: (9821) 22262064 Web: www.IRAEE.org E-mail: [email protected] April-May 2011 137- 138 Daiichi Nuclear Power Plant and Western Policies of Energy Security he horrifying and deadly Earthquake/ human society, plus those of the generations to come. Tsunami of March 2011 in Japan, which 2) If Japan, an example of the state-of-the-art technology T caused a gigantic crisis in the Daiichi with the highest possible standards of discipline and nuclear power plant of Fukushima, greatly shocked the safety, has to suffer such a catastrophe because of an world and especially the people living near the power plant. -
Iran, Iraq, Saudis Soar Into Last 16
Established 1961 Sport SUNDAY, JANUARY 13, 2019 Petra Kvitova digs deep to Sharma fireworks thwarted as Rice scores first Hammers 25outlast Barty in Sydney final 26 Australia beat India in 1st ODI 27 goal to defeat Arsenal Iran, Iraq, Saudis soar into last 16 ABU DHABI: Iran’s midfielder Sayed Ashkan Dejagah (C) dribbles past Vietnam’s midfielder Duc Huy Pham (L) and Vietnam’s midfielder Quang Hai Nguyen (R) during the 2019 AFC Asian Cup group D football match between Vietnam and Iran at the al-Nahyan Stadium in Abu Dhabi yesterday. — AFP ABU DHABI: Back-from-retirement Sardar Azmoun around him, and our movement in the last third, are questions must be raised of the Yemeni defence. fired Iran into the Asian Cup knockout phase yester- very interesting.” Pouncing on a loose back pass, Ali held off three day as Carloz Queiroz’s side were joined by archri- Iran, looking to end a 43-year title drought since defenders before rifling his shot past Yemen goal- vals Iraq and fellow former winners Saudi Arabia in last winning Asian football’s most coveted prize, keeper Jalal Hassan for his second of the tourna- the last 16. Azmoun, 24, quit the national team after could have scored four or five but for some poor ment. Bashar Resan doubled Iraq’s lead midway fans rounded on him following Iran’s exit at last finishing in Abu Dhabi. “It’s a pity our performance through the first half when his deflected shot drifted year’s World Cup, but he was the toast of Tehran didn’t produce a couple more goals,” Iran coach in off the upright with Hassan slow to get across. -
The Proposed Iranian Oil Bourse
The Proposed Iranian Oil Bourse Commissioned by: J. Douglas Bowey and Associates Analysis by: Krassimir Petrov, Ph.D. Austrian Macro Economist/Investment Strategist Date: 16 January 2006 Abstract: The American Empire depends on the U.S. dollar. The proposed Iranian Oil Bourse will accelerate the fall of the U.S. dollar and hence the fall of the American Empire. I. Economics of Empires A nation-state taxes its own citizens, while an empire taxes other nation-states. The history of empires, from Greek and Roman, to Ottoman and British, teaches that the economic foundation of every single empire is the taxation of other nations or of their subjects. The imperial ability to tax has always rested on a better and stronger economy, and as a consequence, a better and stronger military that peacefully or militarily enforced the tax. One part of those taxes went to improve the living standards of the empire and the other part went to reinforce the military dominance necessary to enforce those taxes. Historically, taxing the subject state has been in various forms, usually gold and silver, where those were considered money, but also slaves, soldiers, crops, cattle, or other agricultural and natural resources, whatever economic goods the empire demanded and the subject-state could deliver. Historically, the taxation has always been direct: the subject state handed over the money (gold/silver) or the economic goods directly to the empire. For the first time in history, in the twentieth century, America was able to tax the world indirectly—not by enforcing the direct payment of taxes like all of its predecessor empires did, but by distributing its own currency, the U.S. -
Al Sadd Continue Unbeaten
Nabeel Al QatarTribune Qatar_Tribune Rayyan and QatarTribuneChannel qatar_tribune Safira Al Dohul win stallion, mare golds PAGE 14 WEDNESDAY, APRIL 7, 2021 UEFA CHAMPIONS LEAGUE: MAN CITY edGE IT OVer DorTmund, LIVerpool slump AT REAL MAdrid Real Madrid’s Brazilian forward Vinicius Junior (C) scores a goal during the UEFA Champions League first leg quarter-final match against Liverpool at the Alfredo di Stefano stadium in Valde- bebas in the out- skirts of Madrid on Tuesday. Junior scored a brace as Real Madrid beat Liverpool 3-1. (AFP) Manchester City’s English midfielder Phil Foden (2L) scores his team’s second goal in the 90th minute during the UEFA Cham- pions League first leg quarter-final match against Borussia Dortmund at the Etihad Stadium in Manchester, England, on Tuesday. Manchester City won 2-1. (AFP) Al Sadd continue unbeaten run; AFC CHAMPIONS LEAGUE Al Ahli held by QSC but stay 4th Zhar responded for Al Ahli by Al Khor hold racing into the opposition’s area before being trapped by Duhail to 1-1 Nasir and Bashar. Qatar SC’s Elmehdi Bar- draw rahma received the first yellow Qatar’s Al Gharafa will meet Uzebkistan’s FC AGMK in the 2021 play- TRIBUNE NEWS NETWORK card of the match for a danger- off at the Suheim Bin Hamad Stadium on Wednesday evening. DOHA ous tackle against Nasser Saleh Al Khalfan in the 15th minute. THE unbeaten run of this Al Ahli took charge from Al Gharafa, AGMK seek year’s champion and runa- then on and made attempts way leaders in the QNB Stars through Abdulrasheed and League continued as Santi Ca- Nasser Saleh, whose shot was group stage cheer zorla’s lifted Al Sadd to a 2-1 superbly saved by Qatar SC win over Al Rayyan at the Jas- goalkeeper Jassim al-Hail AFC/TNN ahead of the continental clash. -
Focused Qatar Seek More Goals from Clash Against North Korea Coach Sanchez Says Team Will Stick to Their Own Style of Play
Nadal to unleash brand new serve at Australian Open PAGE 18 SUNDAY, JANUARY 13, 2019 Rohit’s ton goes in vain as India lose to ASIAN CUP 2019 PAGE 19 Australia’s in first ODI at Sydney QATAR VS NORTH KOREA (3 PM) Focused Qatar seek more goals from clash against North Korea Coach Sanchez says team will stick to their own style of play AFC AL AIN QATAR coach Felix Sanchez has stressed his team will not be changing their style of play when they take on DPR Korea in their next Group E clash in Al Ain on Sunday despite struggling to turn their domi- nance into goals when they met Lebanon last Wednesday. Sanchez’s side eventually secured a 2-0 win over the West Asian side with goals from Ab- dulaziz Hatem and Almoez Ali, but they had to wait to break down Miodrag Radulovic’s well-drilled Lebanese side. The Spanish coach, though, praised his team’s pa- tient approach and has no in- tention of a different approach when they take on DPR Korea, with victory almost certain to take the Qataris into the next phase of the competition. “Each match is different and we cannot renounce the way we play,” said Sanchez. “It’s difficult to change now, but we need to find solu- tions to be more close to the opposition’s goal. “But in front you always have an opponent and Leba- non showed they’re a well or- ganised team and they were Qatar players during their training session in Al Ain on Saturday, ahead of the Group E match against DPR Korea in the Asian Cup 2019. -
KISH ISLAND Is a 91.5-Square-Kilometre )کیش :Kish (Persian (35.3 Sq Mi) Resort Island in the Persian Gulf
KISH ISLAND is a 91.5-square-kilometre )کیش :Kish (Persian (35.3 sq mi) resort island in the Persian Gulf . It is part of the Hormozgān Province of Ira n. Due to its free trade zone status it is tout ed as a consumer's paradise, with numerous malls, shopping centres, tourist attractions, and resort hotels. It has an estimated popul ation of 26,000 residents and about 1 millio n people visit the island annually. Kish Islan d was ranked among the world’s 10 most b eautiful islands by The New York Times in 2 010, and is the fourth most visited vacation destination in Southwest Asia after Dubai, U nited Arab Emirates, and Sharm el-Sheikh. F oreign nationals wishing to enter Kish Free Zone from legal ports are not required to o btain visas prior to travel. Valid travel permi ts are stamped for 14 days by airport and K ish port police officials. Kish Island located in Persian Gulf. Kish is located in the Persian Gulf 19 km (12 mi) from mainland Iran and has an area of aro und 91 km2 (35 sq mi) with an outer boundary of 40 km (25 mi) and a nearly elliptical shape . Along Kish's coast are coral reefs and many other small islands. The Island is positioned al ong the 1,359 km (844 mi) long Iranian coastline north of the Persian Gulf, at the first quart er from the Hormuz entrance to the Persian Gulf. The island is 15.45 km (9.60 mi) long from west coast to the east coast (the distance between Mariam Complex and Hoor field). -
The World Bank
The World Bank Public Disclosure Authorized IRAN ECONOMIC MONITOR SEIZING THE OPPORTUNITY Public Disclosure Authorized March 2016 Global Practice for Macroeconomics & Fiscal Management MIDDLE EAST AND NORTH AFRICA REGION Public Disclosure Authorized The World Bank www.worldbank.org/lb Public Disclosure Authorized IRAN ECONOMIC MONITOR | SEIZING THE OPPORTUNITY PREFACE The Iran Economic Monitor provides an update publications, please contact Nada Abou Rizk on key economic developments and policies over ([email protected]). For questions and the past six months. It examines these economic comments on the content of this publication, please developments and policies in a longer-term and contact Shahrzad Mobasher Fard (smobasherfard@ global context, and assesses their implications for the worldbank.org) or Eric Le Borgne (eleborgne@ outlook for the country. Its coverage ranges from the worldbank.org). Questions from the media can be macro-economy to financial markets to indicators of addressed to Mona Ziade ([email protected]). human welfare and development. It is intended for a wide audience, including policy makers, business Cover Photo: Shah Emam Mosque – Isfahan / leaders, financial market participants, and the Mohammad Reza Domiri Ganji / gravity.ir. community of analysts and professionals engaged in Iran. The Iran Economic Monitor is a product of the World Bank’s Global Practice for Macroeconomics & Fiscal Management team. It was prepared by Eric Le Borgne (Lead Economist), Abdoulaye Sy (Senior Economist), Shahrzad Mobasher Fard (Economist), and Samer Matta (Economic Analyst) under the general guidance of Auguste Tano Kouame (Global Practice Manager). The Special Focus on the banking system was prepared by Michael Edwards (Lead Financial Specialist), and the one on the oil and gas sector by Hossein Razavi (Consultant).