Google+ Followers

Saturday, 16 January 2016

Iran 'meets nuclear deal obligations' - BBC News

Iran 'meets nuclear deal obligations' - BBC News:

"The international nuclear watchdog, the IAEA, says Iran has completed the necessary steps to start implementing the nuclear deal, paving way for the lifting of international sanctions..
Director General Yukiya Amano said it was "an important day for the international community".
The agency's inspectors on the ground had verified that Iran had carried out the measures required, he said.
A deal between Iran and world powers was agreed last year."

'via Blog this'

Iran Plays Down Nuclear Deal’s Completion as It Prepares to Rejoin World Economy - The New York Times

Iran Plays Down Nuclear Deal’s Completion as It Prepares to Rejoin World Economy - The New York Times:

"On the morning that crushing international sanctions against Iran were to be lifted, state television opened its hourly news program with an item on children’s vaccinations. There were no flag-waving youths or cheering crowds on Tehran’s streets, just the usual Saturday morning rush hour, the start of the Iranian workweek.

The low-key reception given “implementation day,” when the nuclear deal is finally to be completed and Iran freed to rejoin the international economy, reflects the multiple disappointments and broken promises Iranians have experienced in the two years the negotiations dragged on. While the government talked up the deal to lift people’s hopes, few expect to see any improvement in their lives.

“I haven’t seen any excitement,” said Ali Shoja, an office cleaner riding the Tehran subway on his way to work. “They speak of billions of dollars coming, but as in the past, I don’t expect those dollars to reach my pockets.”"

'via Blog this'

Iran to buy 114 jets from Airbus - Tasnim news agency | Reuters

Iran to buy 114 jets from Airbus - Tasnim news agency | Reuters:

"Iran plans to buy 114 civil aircraft from European aircraft maker Airbus, the transport minister was quoted as saying on Saturday, ahead of the anticipated lifting of international sanctions on Iran.

"We have taken the first step in agreeing with Airbus to buy 114 planes," Abbas Akhoondi was quoted as saying by the Tasnim news agency.

Airbus said it was not engaging in commercial talks with Iran until sanctions had been lifted."

'via Blog this'

Saudi Aramco – the $10tn mystery at the heart of the Gulf state | Business | The Guardian

Saudi Aramco – the $10tn mystery at the heart of the Gulf state | Business | The Guardian:

"Along the King Fahd highway in downtown Riyadh, signs of the country’s wealth glitter and dazzle. Monuments include the massive Kingdom Centre – instantly recognisable by the giant bottle-opener feature formed by its two wings – and the beautiful and futuristic Faisaliyah building. New ones are still rising, like the King Abdullah financial district, still under construction: a reminder of the fat years of high oil revenues under the previous monarch.

On nearby Tahliya Street, lined with young Saudi men watching black-robed, headscarfed women saunter past, crowds throng into American-style shopping malls flaunting the world’s priciest and most luxurious brands.

Saudi wealth – whether in downtown Riyadh or Knightsbridge – is highly conspicuous. And they have the colossal Saudi Aramco oil corporation to thank for it."

'via Blog this'

Introduction — Energy Pioneers | Iran's Oil & Gas Consulting

Introduction — Energy Pioneers | Iran's Oil & Gas Consulting:

"Energy Pioneers provides Iran energy-focused reports and analysis replying on primary data and information directly collected from various governmental organizations, local companies, syndicates, and chambers of commerce. Our extensive, yet growing network of contacts within the Iranian energy industry, together with our on-the-ground experts team, uniquely position us to be the leading international voice advocating fast but sustainable development of Iran’s energy sector.

We develop in-depth and informative reports on various segments of Iran’s energy sector, including upstream, mid-stream and downstream oil and gas, power, renewable, petrochemical, refinery and energy management solution. Our aim is to provide fact-based and timely analysis based on first-hand data and information to assist our clients to make the right investment decision in Iran’s energy sector.

We also provide reports specially tailored to meet individual client’s requirem"

'via Blog this'

Fighting the Fed | Authers' Note - YouTube

Fighting the Fed | Authers' Note - YouTube: ""

'via Blog this'

A welcome drop in the global price of crude oil -

A welcome drop in the global price of crude oil -

"The financial markets’ downbeat, if not downright grisly, start to the year continued this week as stocks in several countries and the global oil price fell sharply.
That they are dropping together, though, does not mean they are sending the same signal. The evidence suggests that the slide in the oil price, this week dipping below $30 a barrel for the first time in more than a decade, reflects a welcome increase in supply rather than a worrying fall in demand.

While there are undoubtedly some losers from the fall in the price of crude, notably oil-exporting countries and banks exposed to the energy sector, the boost to real incomes in the rest of the world should outweigh them."

'via Blog this'

UAE markets take a beating |

UAE markets take a beating |

"Last week the Dubai Financial Market General Index (DFMGI) declined by 150.98 or 5.09 per cent to close at 2,815.45, its lowest level since mid-November 2013. This was the largest drop in five weeks and it occurred on slightly rising volume, the second highest volume of the past 20 weeks. There were 34 issues that fell and only four that advanced.

The DFMGI has fallen nine out of the past 10 days, indicating that the sell-off is getting closer to a short-term bottom. At the same time the index has only just started to dip into oversold territory based on the 14-day Relative Strength Index (RSI) momentum oscillator, pointing to continued downward pressure. In addition, the week ended weak, closing near the low. Plus, a bearish trend continuation signal for the long-term 20-month downtrend was given as the index dropped below the prior two-year low of 2,851.24, and it closed below that price level on a weekly basis. The low for the week was 2,802.40. At that point the DFMGI was down 48.2 per cent from its May 2014 peak of 5,406.62.

Of greater concern is the technical damage that has been done for the intermediate time horizon. In addition to the long-term bear trend signal, the DFMGI has now fallen well below its 200-week simple moving average (sma) (3,131.64), one indicator used to determine the health of the long-term uptrend (weakening), and has fallen decisively below and closed below the long-term uptrend line. Further, the 61.8 per cent Fibonacci retracement level of the long-term uptrend, at 2,865.04, has been exceeded to the downside. During the last dip in December support was found around that retracement area."

'via Blog this'

Qatar goes conservative with 2016 budget |

Qatar goes conservative with 2016 budget |

"The passing of the state budget for 2016 this month proves that Qatar has effectively ended the practice of starting its fiscal year in April. This leaves Kuwait as the sole country within the Gulf Cooperation Council (GCC) which runs its fiscal year between April and March.

Not surprisingly, the budget is conservative on revenues but not necessarily with the expenditures. The drop in oil prices over the past 18 months leaves the authorities with no choice but to project lower revenues. Conversely, the country is committed to completing a number of projects ahead of hosting the World Cup 2022, undoubtedly good news for sectors like construction.

The 2016 budget projects revenues of $42.9 billion, considerably below that of $62 billion assumed in 2015. The culprit are the adverse developments in the international petroleum market, where the stakes are high for Qatar being a leading exporter of liquefied natural gas (LNG)."

'via Blog this'