Thread: Iraq/Dinar News until April 26, 2007 Midnight cst.

Originally Posted by Icemann 30

I agree. Someone send it to her. And copy all the rest of the Dems.

Maybe we can get Neno to put his sunglasses on and just take her a copy. It's pitch-in time RC family...we need to fly Neno to Washington DC with his Matrix avatar to go whoop some booty

The New American Oil Boom

There are 71 billion barrels of oil waiting to be discovered in the deep waters of the Gulf of Mexico. There are another 85 billion barrels off the coast of West Africa...

INSIDE THIS FREE REPORT

– Why the Green River Formation is the world’s largest untapped oil supply.
– How oil shale could eliminate America's oil dependency on the Middle East.

...And the waters that surround the Spratly Islands in the South China Sea could hold as many as 300 billion barrels.
But the greatest secret of all is how much oil lies – untapped – beneath U.S. soil. You'll be amazed when you see the numbers.
Even better, I want to show you the companies that own this oil – so you can get there first.
It's all there in my free report, The New American Oil Boom.

Originally Posted by Icemann 30

The New American Oil Boom

There are 71 billion barrels of oil waiting to be discovered in the deep waters of the Gulf of Mexico. There are another 85 billion barrels off the coast of West Africa...

INSIDE THIS FREE REPORT

– Why the Green River Formation is the world’s largest untapped oil supply.
– How oil shale could eliminate America's oil dependency on the Middle East.

...And the waters that surround the Spratly Islands in the South China Sea could hold as many as 300 billion barrels.
But the greatest secret of all is how much oil lies – untapped – beneath U.S. soil. You'll be amazed when you see the numbers.
Even better, I want to show you the companies that own this oil – so you can get there first.
It's all there in my free report, The New American Oil Boom.

Thats why im buying up shares in this company

TOMCO ENERGY PLC

a good hedge

Middle East sees 14% rise in global real estate investments Business Reporter
Middle East economies, GCC countries in particular, presently fund almost 25 per cent of global real estate development activities, according to Jones Lang LaSalle’s latest Global Real Estate Capital Report. This is primarily occurring in GCC home markets and international investments, such as real estate funds.
Buoyed by sustained high energy price levels, Middle East economies have managed to achieve current account surpluses of around $260 billion in 2007, around 25 per cent of GDP, up from an average of 6 per cent in 2003. Five per cent of these regional overages are being invested in global real estate markets.
Investors from GCC countries remained strong backers of global real estate markets throughout 2006, investing $13 billion, a per annum rise of 14 per cent. Over half of this investment was exported outside of the GCC with 54 per cent going into the United States, 31 per cent into the United Kingdom, and 8 per cent each into Germany and South Africa. Major investments were also made in France and Sweden.
Tony Horrell (pictured), CEO of Jones Lang LaSalle’s International Capital Group, said: “GCC funds are focusing less on trophy assets and are making significant purchases in emerging markets, including South Africa and Turkey. As well as looking for opportunities in emerging markets, GCC funds are also looking for value added opportunities.”
GCC international real estate investments have doubled since 2004, representing the third largest group of inter-regional investors. Gulf investors have transacted significantly more assets than ever before in 2006, selling $2 billion of investment grade real estate in both the US and the UK, a 50 per cent increase from 2005.

First Published 2007-04-24, Last Updated 2007-04-24 14:48:30


Oil revenues reached 50.2 billion dollars


Kuwait posts record 53.5bn dollars income

Oil-rich emirate’s revenues top 50 billion dollar mark for first time in a single fiscal year.

By Omar Hasan - KUWAIT CITY
Oil-rich Kuwait posted record income of 53.5 billion dollars in the last fiscal year that ended March 31, the finance ministry announced on Tuesday.

It is the first time that revenues of this Gulf state have topped 50 billion dollars in a single fiscal year.

According to figures posted on the ministry website, revenues are up about 13 percent on the 47.4 billion dollars posted in the previous year and exceed by 24 billion dollars the government's whole year projection of 29.5 billion dollars.

Oil revenues reached 14.5 billion dinars (50.2 billion dollars), constituting 94 percent of total income, also the largest ever in the emirate's history.

Oil income is up 12 percent on the previous fiscal year of 2005/2006 and almost twice the budget projection of 26.8 billion dollars, the ministry figures showed.

The budget calculated oil income at the conservative price of 36 dollars a barrel while the actual price of Kuwaiti oil averaged around 58 dollars last fiscal year.

Kuwaiti oil output averaged 2.47 million barrels per day during the past fiscal year, but in recent months the emirate has cut production to 2.4 million bpd in line with OPEC decisions to trim crude supplies to boost prices.

Non-oil revenues amounted to 3.3 billion dollars, also a sharp rise over the previous year's 2.6 billion dollars.

Preliminary figures for spending last fiscal year reached 8.26 billion dinars (28.6 billion dollars), up 21.2 percent on the previous fiscal year's expenditure of 23.6 billion dollars.

The figure is certain to increase sharply due to adjustments in the closing accounts which normally exceed 20 percent.

National Bank of Kuwait said in its latest economic report that most of the increase was due to extraordinary one-off transfers of seven billion dollars to the social security agency and an emiri grant to citizens.

The budget had projected revenue of 29.5 billion dollars and expenditure of 38.5 billion dollars, leaving a projected deficit of nine billion dollars.

But analysts forecast that Kuwait will actually post a surplus of around 17 billion dollars. It will be the eighth straight year the budget has been in the black.

In the previous fiscal year 2005/2006, Kuwait posted a record surplus of 23.84 billion dollars, to add to the 30 billion dollars of surplus collected in the preceding six years.

Finance Minister Bader Mishari al-Humaidhi has said that Kuwait's financial assets, mostly invested overseas, reached 166 billion dollars a year ago.

Kuwait sits on 10 percent of the world's oil reserves. It has a native population of one million people, in addition to 2.16 million foreign residents.
By law, 10 percent of total revenues are placed in the Kuwait Fund for Future Generations. Returns on the fund's assets, estimated at well over five billion dollars a year, do not figure in the budget.

Originally Posted by Icemann 30

I agree. Someone send it to her. And copy all the rest of the Dems.

Done!

Wankers.





Kuwait refuses to forgive Iraqi debt!!! 4/26/2007, 2:43 p.m.

KUWAIT CITY (AP) — Kuwaiti lawmakers' refusal to forgive Iraq's debt has shone a troubling light on the lingering bitterness many of its neighbors feel toward Saddam Hussein's rule — and their suspicion of Iraq's new Shiite-led government.

Iraqi Prime Minister Nouri al-Maliki struggled against those misgivings when he tried this week to persuade Kuwait to forgive most of his country' $15 billion debt.

Cancellation of Iraqi debt is expected to figure high on the agenda of the May 3-4 international conference on Iraq at Egypt's Red Sea resort of Sharm al-Sheik.

The United States has been strongly pushing for Iraq's creditors to follow its lead and write off Iraq's debt, as one way of helping the country get on its feet financially.

Al-Maliki ended his visit to Kuwait Wednesday with appeals to lawmakers in this small oil-rich nation to be "generous" and write off some of the debt.

But al-Maliki, a Shiite, is seen by many in Iraq's mostly Sunni neighbors as weak in clamping down on Iraqi Shiite militias that are supported by Iran and responsible for part of the sectarian violence ravaging the country.

Hamad al-Msailim, a 34-year-old civil servant, said he might be able to get over the memories of the Iraqi occupation and support a debt write-off when a different government takes over in Iraq.

"This is an Iranian government. It has no credibility," he said, sipping coffee at a seaside mall.

For seven months starting Aug. 2, 1990, Saddam's occupying forces rounded up Kuwaitis, executed them at the doorsteps of their houses, changed names of neighborhoods, hospitals and ports, and blew up some 700 oil wells. Hundreds who went missing before a U.S.-led coalition liberated the country in the 1991 Gulf War, are still unaccounted for.

Most of the $15 billion was extended to Saddam to finance his 1980-1988 war with Iran. The former Iraqi leader was considered a hero by many in Kuwait, until he shocked the nation by turning his guns on it and accusing it of stealing Iraqi oil from border wells.

http://www.silive.com/newsflash/int...t=international

Talk About Holding A Grudge! Whats A Little Genocide Among Neighbors & Freinds? Iraq Said They Were Sorry, Let's Move On!

[QUOTE=Adster;192749]Wankers.





Kuwait refuses to forgive Iraqi debt!!! 4/26/2007, 2:43 p.m.
So now what? Could this be one of those media misinformation? Would love for it to be so.

Originally Posted by Adster

Wankers.





Kuwait refuses to forgive Iraqi debt!!! 4/26/2007, 2:43 p.m.

KUWAIT CITY (AP) — Kuwaiti lawmakers' refusal to forgive Iraq's debt has shone a troubling light on the lingering bitterness many of its neighbors feel toward Saddam Hussein's rule — and their suspicion of Iraq's new Shiite-led government.

Iraqi Prime Minister Nouri al-Maliki struggled against those misgivings when he tried this week to persuade Kuwait to forgive most of his country' $15 billion debt.

Cancellation of Iraqi debt is expected to figure high on the agenda of the May 3-4 international conference on Iraq at Egypt's Red Sea resort of Sharm al-Sheik.

The United States has been strongly pushing for Iraq's creditors to follow its lead and write off Iraq's debt, as one way of helping the country get on its feet financially.

Al-Maliki ended his visit to Kuwait Wednesday with appeals to lawmakers in this small oil-rich nation to be "generous" and write off some of the debt.

But al-Maliki, a Shiite, is seen by many in Iraq's mostly Sunni neighbors as weak in clamping down on Iraqi Shiite militias that are supported by Iran and responsible for part of the sectarian violence ravaging the country.

Hamad al-Msailim, a 34-year-old civil servant, said he might be able to get over the memories of the Iraqi occupation and support a debt write-off when a different government takes over in Iraq.

"This is an Iranian government. It has no credibility," he said, sipping coffee at a seaside mall.

For seven months starting Aug. 2, 1990, Saddam's occupying forces rounded up Kuwaitis, executed them at the doorsteps of their houses, changed names of neighborhoods, hospitals and ports, and blew up some 700 oil wells. Hundreds who went missing before a U.S.-led coalition liberated the country in the 1991 Gulf War, are still unaccounted for.

Most of the $15 billion was extended to Saddam to finance his 1980-1988 war with Iran. The former Iraqi leader was considered a hero by many in Kuwait, until he shocked the nation by turning his guns on it and accusing it of stealing Iraqi oil from border wells.

SILive.com: Everything Staten Island

What Iraq needs to do is move on, pay them off and leave them in the dust as far as an oil powerhouse.