UPDATED LIST 3-13-2019 During the 2015 Legislative Session The
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Buy Kunlun Energy
23 August 2017 Utilities Kunlun Energy Deutsche Bank Markets Research Rating Company Date Buy Kunlun Energy 23 August 2017 Results Asia China Reuters Bloomberg Exchange Ticker Price at 21 Aug 2017 (HKD) 7.45 Utilities 0135.HK 135 HK HSI 0135 Price target - 12mth (HKD) 8.50 Utilities 52-week range (HKD) 7.95 - 5.55 HANG SENG INDEX 27,155 Core profit growth in line; robust volume with slightly lower margin Valuation & Risks Kunlun's 1H17 core net profit rose by 14% yoy to Rmb2.7bn, in line with our Hanyu Zhang expectations and accounting for 58/62% of DBe/consensus full year forecast. Research Analyst Volume was as strong as expected with 12-184% yoy growth in four gas related +852-2203 6207 segments. Similar with gas utilities peers, Kunlun recorded a Rmb2cents/cm Michael Tong, CFA yoy (flat hoh) decline in EBITDA margin for gas sales segment due to market competition and failure to pass through PetroChina's winter citygate price hike. Research Analyst Mgmt expect the volume momentum to continue and margins to recover a bit +852-2203 6167 HoH in 2H17. Kunlun is the beneficiary of China's structural growth in both piped gas and the LNG value chain and is trading at an undemanding valuation of 11x Price/price relative 2018E P/E. Maintain Buy. 10 7.5 By segment results review 5 Kunlun's 1H17 reported net profit was flat yoy at Rmb2.4bn. If adding back 2.5 Rmb325mn attributable impairment loss, core net profit rose by 14% yoy to Jan '16 Jul '16 Jan '17 Jul '17 Rmb2.7bn. -
Gawc Link Classification FINAL.Xlsx
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Kuala Lumpur-Bangkok by Luxury Train
Kuala Lumpur-Bangkok by Luxury Train https://www.irtsociety.com/journey/kuala-lumpur-bangkok-by-luxury-train/ Overview The Highlights The Society of International Railway Travelers | irtsociety.com | (800) 478-4881 Page 1/5 - Two nights' accommodation aboard the Eastern & Oriental Express luxury train - Dedicated 24-hour steward service - Daily continental breakfast served in your cabin - Daily three-course lunch & four-course dinner - House wine, house spirits, and local beer included - Visit a local Malaysian village with choice of excursion - Choice of options in Kanchanaburi - visit the River Kwai Bridge and Thai-Burma Railway Museum, enjoy a bike trip through rice paddies, or participate in a floating cooking class and culinary tour. The Tour Journey on board the Eastern & Oriental Express from Kuala Lumpur to exciting Bangkok through the heart of Southeast Asia. Visit a Malaysian village and choose from several different options for touring in Kanchanburi - visit the infamous River Kwai Bridge, or enjoy a biking tour or cooking class. Travel in comfort and luxury, with exquisite dining, superb service and fun entertainment on board the Eastern & Oriental Express. This itinerary is also available in the reverse direction: Bangkok-Kuala Lumpur. Itinerary Day 1: Kuala Lumpur, Malaysia Begin your journey late evening at Kuala Lumpur's Majestic Hotel, where you are assisted with luggage and complete check-in formalities. Transfer to the train station to board the Eastern & Oriental Express and begin your journey north. Settle in to your private cabin for the night. Day 2: Kuala Kangsar, Malaysia This morning as the train travels through the verdant rainforests and rural west-coast towns of Malaysia, enjoy a leisurely breakfast in the comfort of your cabin. -
Article the 90-Year Evolution of Japan's Academic Interest in Iran
Article 29 The 90-year Evolution of Japan’s Academic Interest in Iran Keiko Sakurai Professor, Faculty of International Research and Education, Waseda University Director, Organization for Islamic Area Studies, Waseda University I. Introduction War II broke out. Despite Iran’s declared neutrality, Britain and the Soviet Union jointly invaded Iran in 1929 1941 marked the beginning of official diplomatic , believing Rez‥ā Shāh to have closer ties to the relations between Japan and Iran. The countries signed Axis powers, particularly Germany. Iran remained a “Japan-Persia Temporary Trade Agreement” that under Anglo-Soviet control until 1946. year, and Japan opened a diplomatic office in Tehran Under the Anglo-Soviet Occupation, Iran broke that August. A Persian diplomatic office was later off relations with Japan in April 1942, and in 1945 opened in Tokyo in July 1930. Diplomatic contacts declared war against the Axis powers, including Japan. between two countries, however, actually started as After the San Francisco Peace Treaty came into effect early as 1878, when Japan’s special envoy to Russia in 1952, diplomatic ties between the countries were Takeaki Enomoto met with Persian monarch Nās4 er al- reestablished in November 1953 and have continued 2 Dīn Shāh in Saint Petersburg. Two years later, Japan uninterrupted since then. sent its first official delegation to Tehran, headed by Iran’s oil boom in 1973 accelerated economic 1 Masaharu Yoshida. Yoshida was granted an audience interactions with Japan. Nonetheless, personal contact with Nās4 er al-Dīn Shāh in 1880, and brought an between Japanese and Iranian citizens was mostly official communiqué back to Japan from the Persian limited to diplomacy and business interactions, with Empire. -
Biden, Congress Should Defend Terrorism Sanctions Imposed on Iran
Research memo Biden, Congress Should Defend Terrorism Sanctions Imposed on Iran By Richard Goldberg, Saeed Ghasseminejad, Behnam Ben Taleblu, Matthew Zweig, and Mark Dubowitz January 25, 2021 During a Senate Foreign Relations Committee hearing to consider Antony Blinken’s nomination for secretary of state, Blinken was asked whether he believed it is in America’s national security interest to lift terrorism sanctions currently imposed on Iran, including sanctions targeting Iran’s central bank, national oil company, financial sector, and energy sector. “I do not,” Blinken responded. “And I think there is nothing, as I see it, inconsistent with making sure that we are doing everything possible – including the toughest possible sanctions, to deal with Iranian support for terrorism.”1 Bipartisan support for terrorism sanctions targeting Iran goes back to 1984, when the United States first designated the Islamic Republic as a State Sponsor of Terrorism. Since then, every U.S. president2 – Republican or Democrat – and Congress have taken steps to reaffirm U.S. policy opposing Iran’s sponsorship of terrorism and tying sanctions relief to Iran’s cessation of terror-related activities. President Joe Biden has pledged to rejoin the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), if Iran returns to “strict compliance” with the agreement.3 Terrorism sanctions on Iran, however, should not be lifted, even if the Biden administration opts to return to the deal, unless and until Iran verifiably halts its sponsorship of terrorism. This memorandum provides an overview of Iran’s past and ongoing involvement in terrorism-related activities, a review of longstanding bipartisan congressional support for terrorism sanctions on Iran, and a list of terrorism sanctions currently imposed on Iran that should not be lifted. -
EU Embassies and Consulates in Tehran
EU Embassies and Consulates in Tehran Austrian Embassy in Tehran, Iran Embassy of Austria in Tehran, Iran Bahonarstr., Moghaddasistr., Zamanistr Mirvali 11, Teheran City: Tehran Phone: (+98/21) 22 75 00-38 (+98/21) 22 75 00-40 (+98/21) 22 75 00-42 Fax: (+98/21) 22 70 52 62 Website: http://www.bmeia.gv.at/teheran Email: [email protected] Belgian Embassy in Tehran, Iran Embassy of Belgium in Tehran, Iran Elahieh - 155-157 Shahid Fayyazi Avenue (Fereshteh) 16778 Teheran City: Tehran Phone: + (98) (21) 22 04 16 17 Fax: + (98) (21) 22 04 46 08 Website: http://www.diplomatie.be/tehran Email: [email protected] Office Hours: Sunday through Thursday 8.30 to 12.30 and 13.00 to 14.00 For visa applications & legalizations : Sunday through Tuesday from 8.30 to 11.30 AM Bulgarian Embassy in Tehran, Iran Bulgarian Embassy in Tehran, Iran IR Iran, Tehran, 'Vali-e Asr' Ave. 'Tavanir' Str., 'Nezami-ye Ganjavi' Str. No. 16-18 City: Tehran Phone: (009821) 8877-5662 (009821) 8877-5037 Fax: (009821) 8877-9680 Email: [email protected] Croatian Embassy in Tehran, Iran Embassy of the Republic of Croatia in Tehran, Iran 1. Behestan 25 Avia Pasdaran Tehran, Islamic Republic of Iran City: Tehran Phone: 0098 21 258 9923 0098 21 258 7039 Fax: 0098 21 254 9199 Email: [email protected] Details: Covers the Islamic Republic of Pakistan, Islamic Republic of Afghanistan Details: Ambassador: William Carbó Ricardo Cypriot Embassy in Tehran, Iran Embassy of the Republic of Cyprus in Tehran, Iran 328, Shahid Karimi (ex. -
Bank Melli Iran :: History
Bank Melli Iran :: History http://www.bmi.ir/En/BMIHistory.aspx?smnuid=10011 | (http://bmi.ir) ر (/ar/Default.aspx) | H me (/En/Default.aspx) About Us () Services () Correspondent Banking () Thursday, (/En/Default.aspx) News (http://www.bmi.ir/En/news.aspx?smnuid=10080) Regulations () A ugust 04, 2016 Units () CONCISE HISTORY OF BANK MELLI IRAN IN THE NAME OF GOD The year 1307(1928) should be regarded as a turning point in Iran's banking and economic history. It was in that year that after nearly 40 years of foreign dominance on the country's banking scene, BankMelli Iran, the first Iranian commercial bank was established and the long cherished aspiration of the Iranian nation turned into reality . With the establishment of Bank Melli Iran and consequential suspension of foreign banks licences, the then disorderly economic trend of the country was reversed and the newly founded bank began to gather momentum in strengthening of the economic structure and development of agriculture, industry and commerce by mobilizing the huge financial resources and popular savings and by chanelling credits toward productive activities. During the 85 year period ensuing the foundation of Bank Melli Iran the country has witnessed a great deal of changes and turnarounds. Bank Melli Iran which had been founded as a result of an economic exigency, developed at later stages into an active and dynamic element assuming an accelerating role in the country’s economic advancement. In the year 1310(1931) parliament granted sole powers to Bank Melli Iran to issue banknotes, thus establishing the bank as the country’s bank of issue. -
Credit Trend Monitor: Earnings Rising with GDP; Leverage Trends Driven by Investment
CORPORATES SECTOR IN-DEPTH Nonfinancial Companies – China 24 June 2021 Credit Trend Monitor: Earnings rising with GDP; leverage trends driven by investment TABLE OF CONTENTS » Economic recovery drives revenue and earnings growth; leverage varies. Rising Summary 1 demand for goods and services in China (A1 stable), driven by the country's GDP growth, Auto and auto services 6 will benefit most rated companies this year and next. Leverage trends will vary by sector. Chemicals 8 Strong demand growth in certain sectors has increased investment requirements, which in Construction and engineering 10 turn could slow some companies’ deleveraging efforts. Food and beverage 12 Internet and technology 14 » EBITDA growth will outpace debt growth for auto and auto services, food and Metals and mining 16 beverages, and technology hardware. As a result, leverage will improve for rated Oil and gas 18 companies in these sectors. A resumption of travel, outdoor activities and business Oilfield services 20 operations, with work-from-home options, as the coronavirus pandemic remains under Property 22 control in China will continue to drive demand. Steel, aluminum and cement 24 Technology hardware 26 » Strong demand and higher pricing will support earnings growth for commodity- Transportation 28 related sectors. These sectors include chemicals, metals and mining, oil and gas, oilfield Utilities 30 services, steel, aluminum and cement. Leverage will improve as earnings increase. Carbon Moody's related publications 32 transition may increase investments for steel, aluminum and cement companies. But List of rated Chinese companies 34 rated companies, which are mostly industry leaders, will benefit in the long term because of market consolidation. -
Banking in the Middle East
Banking in the Middle East Anwar All* ODERN BANKING in the Middle East dates from the second M half of the last century. The Ottoman Bank in Turkey, estab- lished in 1863, is, perhaps, the oldest modern banking institution in the area. Banking has made slow but steady progress ever since, the progress depending upon the pace of economic development in various countries and of the transition from predominantly barter to semi- market economies. More recently, with the emphasis placed on eco- nomic development in a number of countries, there have been definite efforts to extend banking services and diversify banking institutions. However, the improvement has by no means been uniform. In some countries, for example, a nomadic way of life still survives, and there is no regularly organized banking system or paper currency. Thus, while progress in recent years has been steady, the banking structure of the Middle East still reflects, on the whole, the economic backwardness of the area and the limitations of domestic banking. Various causes have retarded progress in the development of banking. The basic cause has been the primitive, underdeveloped, and, until com- paratively recently, the almost self-contained nature of the economy in many countries of the region. Nearly 80 per cent of the people live upon agriculture and practice primitive methods of cultivation that yield extremely low crops.1 Much of the agricultural produce does not enter the market but is consumed by the producers or bartered for services and other necessities. The monetization of the economy is thus, in varying degrees, incomplete.2 The majority of the countries export primary commodities and are dependent upon imports for most of the finished consumer goods that they need. -
What You Need to Know About the U.S. Embargo
IRAN U.S. Department of the Treasury Office of Foreign Assets Control WhatWhat You NeedYou Need To Know To Know About About U.S. Economic The U.S. EmbargoSanctions An overview of O.F.A.C. Regulations involving Sanctions against Iran Iranian Transactions Regulations - 31 C.F.R. Part 560 specifically for supply, transshipment or reexportation to Iran. Further, such exportation is prohibited if the exporter knows or has reason to know As a result of Iran’s support for international terrorism and its aggressive the U.S. items are intended specifically for use in the production of, for actions against non-belligerent shipping in the Persian Gulf, President commingling with, or for incorporation into goods, technology or services Reagan, on October 29, 1987, issued Executive Order 12613 imposing a to be directly or indirectly supplied, transshipped or reexported exclusively new import embargo on Iranian-origin goods and services. Section 505 of or predominately to Iran or the Government of Iran. the International Security and Development Cooperation Act of 1985 ("ISDCA") was utilized as the statutory authority for the embargo which Donations of articles intended to relieve human suffering (such as food, gave rise to the Iranian Transactions Regulations (Title 31 Part 560 of the clothing, and medicine), gifts valued at $100 or less, and trade in “informa- U.S. Code of Federal Regulations). tional materials” are permitted. “Informational materials” are defined to include publications, films, posters, phonograph records, photographs, Effective March 16, 1995, as a result of Iranian sponsorship of international microfilms, microfiche, tapes, compact disks, CD ROMs, artworks, and terrorism and Iran's active pursuit of weapons of mass destruction, Presi- news wire feeds, although certain Commerce Department restrictions still dent Clinton issued Executive Order 12957 prohibiting U.S. -
Iran's Nuclear Program: Tehran's Compliance with International
Iran’s Nuclear Program: Tehran’s Compliance with International Obligations Updated August 18, 2021 Congressional Research Service https://crsreports.congress.gov R40094 SUMMARY R40094 Iran’s Nuclear Program: Tehran’s Compliance August 18, 2021 with International Obligations Paul K. Kerr Several U.N. Security Council resolutions adopted between 2006 and 2010 required Iran to Specialist in cooperate fully with the International Atomic Energy Agency’s (IAEA’s) investigation of its Nonproliferation nuclear activities, suspend its uranium enrichment program, suspend its construction of a heavy- water reactor and related projects, and ratify the Additional Protocol to its IAEA safeguards agreement. Iran did not comply with most of the resolutions’ provisions. However, Tehran has implemented various restrictions on, and provided the IAEA with additional information about, the government’s nuclear program pursuant to the July 2015 Joint Comprehensive Plan of Action (JCPOA), which Tehran concluded with China, France, Germany, Russia, the United Kingdom, and the United States. On the JCPOA’s Implementation Day, which took place on January 16, 2016, all of the previous resolutions’ requirements were terminated. The nuclear Nonproliferation Treaty (NPT) and U.N. Security Council Res olution 2231, which the Council adopted on July 20, 2015, compose the current legal framework governing Iran’s nuclear program. The United States attempted in 2020 to reimpose sanctions on Iran via a mechanism provided for in Resolution 2231. However, the Security Council did not do so. Iran and the IAEA agreed in August 2007 on a work plan to clarify outstanding questions regarding Tehran’s nuclear program. The IAEA had essentially resolved most of these issues, but for several years the agency still had questions concerning “possible military dimensions to Iran’s nuclear programme.” A December 2, 2015, report to the IAEA Board of Governors from then-agency Director General Yukiya Amano contains the IAEA’s “final assessment on the resolution” of the outstanding issues. -
The General Court Annuls the Acts of the Council Freezing The
General Court of the European Union PRESS RELEASE No 99/13 Luxembourg, 6 September 2013 Judgments in Joined Cases T-35/10 and T-7/11 Bank Melli Iran; Case T-493/10 Persia International Bank plc; Joined Cases T-4/11 and T-5/11 Export Development Bank of Iran; Case T-12/11 Iran Insurance Company; Case T-13/11 Post Bank Iran; Case T-24/11 Bank Refah Kargaran; Case T-434/11 Europäisch-Iranische Handelsbank AG; Joined Cases T-42/12 and T-181/12 Naser Bateni; Case T-57/12 Good Luck Shipping, and Press and Information Case T-110/12 Iranian Offshore Engineering & Construction Co. v Council The General Court annuls the acts of the Council freezing the funds of seven companies and one person in connection with the restrictive measures taken against Iran with the aim of preventing nuclear proliferation Bank Melli Iran and Europäisch-Iranische Handelsbank remain on the list of those whose funds are frozen In order to apply pressure on Iran to end its proliferation-sensitive nuclear activities and the development of nuclear weapon delivery systems, the Council of the European Union adopted decisions and regulations freezing the funds of persons and entities identified by the Council as being involved in nuclear proliferation. The persons and entities concerned are named in a list annexed to each of those regulations, together with a statement of the Council’s reasons for including each person or entity. The persons and entities in the cases before the Court had been designated by decisions of the Council as having been involved in Iran’s nuclear programme, and their names were therefore listed in the annexes to the regulations providing for the funds of such persons to be frozen.