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Friday, 5 June 2015
Why we should be talking to Iran | Jonathan Steele | Comment is free | The Guardian
Why we should be talking to Iran | Jonathan Steele | Comment is free | The Guardian:
"The shaded alleys of the Grand Bazaar in Tehran are awash with crowds, though to the chagrin of shopkeepers most people just wander by. Sanctions have reduced purchasing power, as did the mismanagement of the Ahmadinejad era –inflation rose to 45% in mid-2013. Now under Hassan Rouhani, elected president two years ago, inflation is down to 15%, and the economy is expected to grow this year by about 1%. If sanctions are lifted, Iran’s central bank expects a surge of an extra 2%.
Yet one commodity pulses in abundance through the bazaar’s maze of corridors: hope. It spurts up in conversation whoever you turn to. “We wish, we dream for sanctions to be lifted. We had eight bad years under Ahmadinejad. Sanctions were caused by his denial of the Holocaust,” said Ali, an elderly jeweller. “Under Rouhani the economy has already improved. The value of the rial is rising. Inflation is less.”
Darius sells women’s clothes, and a decade ago he was not allowed to display bras, even on the plastic torsos of legless, faceless mannequins. That is now possible, a small sign of gradual liberalisation, but he too complains that “in the eight years of Ahmadinejad the economy got worse year by year. After the nuclear negotiations we hope it will be better.”"
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"The shaded alleys of the Grand Bazaar in Tehran are awash with crowds, though to the chagrin of shopkeepers most people just wander by. Sanctions have reduced purchasing power, as did the mismanagement of the Ahmadinejad era –inflation rose to 45% in mid-2013. Now under Hassan Rouhani, elected president two years ago, inflation is down to 15%, and the economy is expected to grow this year by about 1%. If sanctions are lifted, Iran’s central bank expects a surge of an extra 2%.
Yet one commodity pulses in abundance through the bazaar’s maze of corridors: hope. It spurts up in conversation whoever you turn to. “We wish, we dream for sanctions to be lifted. We had eight bad years under Ahmadinejad. Sanctions were caused by his denial of the Holocaust,” said Ali, an elderly jeweller. “Under Rouhani the economy has already improved. The value of the rial is rising. Inflation is less.”
Darius sells women’s clothes, and a decade ago he was not allowed to display bras, even on the plastic torsos of legless, faceless mannequins. That is now possible, a small sign of gradual liberalisation, but he too complains that “in the eight years of Ahmadinejad the economy got worse year by year. After the nuclear negotiations we hope it will be better.”"
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Kurdistan Regional Government breaks monthly oil export record | The National
Kurdistan Regional Government breaks monthly oil export record | The National:
"The Kurdistan Regional Government exported a record amount of oil last month, emphasising that most of it was delivered to the central government’s oil marketing arm as it tries to resolve a long-standing dispute over control and revenue sharing.
The KRG issues only sporadic reports on its oil output and exports, but the ministry of oil and minerals put out a statement earlier this week saying nearly 18 million barrels, or about 578,000 barrels per day, were exported in May through the pipeline that runs north to the Turkish port of Ceyhan.
The ministry said that about 407,000 bpd came from fields in the Kurdish region, with a further 171,000 bpd coming from fields operated by Iraq’s Northern Oil Company. Most of the latter came from the Kirkuk oilfield that lies on the Iraq border with the Kurdistan region."
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"The Kurdistan Regional Government exported a record amount of oil last month, emphasising that most of it was delivered to the central government’s oil marketing arm as it tries to resolve a long-standing dispute over control and revenue sharing.
The KRG issues only sporadic reports on its oil output and exports, but the ministry of oil and minerals put out a statement earlier this week saying nearly 18 million barrels, or about 578,000 barrels per day, were exported in May through the pipeline that runs north to the Turkish port of Ceyhan.
The ministry said that about 407,000 bpd came from fields in the Kurdish region, with a further 171,000 bpd coming from fields operated by Iraq’s Northern Oil Company. Most of the latter came from the Kirkuk oilfield that lies on the Iraq border with the Kurdistan region."
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Emirates partnership with Qantas sees business increase ‘six fold’ | GulfNews.com
Emirates partnership with Qantas sees business increase ‘six fold’ | GulfNews.com:
"Emirates’ five-year partnership with Qantas sealed in 2013 has reaped fruitful results for both airlines, with the latter reporting as much as a sixfold jump in business, according to a top Emirates official.
“We have just celebrated our second anniversary and according to [Qantas chief executive] Alan Joyce, its partnership with Emirates has brought sixfold more business to the brand compared to its previous partnership,” Barry Brown, Emirates’ Divisional Senior Vice President, Commercial Operations for Far East and Australasia, told Gulf News in an interview.
Following Qantas moving its hub to Dubai, tourism in the UAE has also received a boost, specifically with an increasing Australian footfall, Brown said."
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"Emirates’ five-year partnership with Qantas sealed in 2013 has reaped fruitful results for both airlines, with the latter reporting as much as a sixfold jump in business, according to a top Emirates official.
“We have just celebrated our second anniversary and according to [Qantas chief executive] Alan Joyce, its partnership with Emirates has brought sixfold more business to the brand compared to its previous partnership,” Barry Brown, Emirates’ Divisional Senior Vice President, Commercial Operations for Far East and Australasia, told Gulf News in an interview.
Following Qantas moving its hub to Dubai, tourism in the UAE has also received a boost, specifically with an increasing Australian footfall, Brown said."
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Indonesia Courts Iran Over Oil Supply Amid Talks to Rejoin OPEC - Bloomberg Business
Indonesia Courts Iran Over Oil Supply Amid Talks to Rejoin OPEC - Bloomberg Business:
"Indonesia is seeking a long-term crude oil supply deal with Iran if trade sanctions against the Persian Gulf nation are lifted, as it talks to OPEC on rejoining the group.
The Organization of the Petroleum Exporting Countries will hold a meeting on Friday to discuss Indonesia’s request to be a member, Energy and Mineral Resources Minister Sudirman Said said in a statement. Indonesia, a net oil importer, is also discussing crude supply and investments with the United Arab Emirates during meetings in Vienna, he said.
“The latest follow up is the possibility for PT Pertamina to enter the upstream business as operator or shareholder,” Said said, referring to Indonesia’s state oil and gas company."
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"Indonesia is seeking a long-term crude oil supply deal with Iran if trade sanctions against the Persian Gulf nation are lifted, as it talks to OPEC on rejoining the group.
The Organization of the Petroleum Exporting Countries will hold a meeting on Friday to discuss Indonesia’s request to be a member, Energy and Mineral Resources Minister Sudirman Said said in a statement. Indonesia, a net oil importer, is also discussing crude supply and investments with the United Arab Emirates during meetings in Vienna, he said.
“The latest follow up is the possibility for PT Pertamina to enter the upstream business as operator or shareholder,” Said said, referring to Indonesia’s state oil and gas company."
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