What The Partners Are Waiting For.

16 NOVEMBER 2007

From
Beirut (Lebanon)

A New Project by Beirut Bank in Qatar.
Iraq Exports about 2 million Barrels of Oil Daily.
Zoellick Says: Dealing with Egypt Allowed Providing $2 bn.
The European Union Grants Morocco an Additional 28 million Euros
Russia and Iran Seek to Establish “A Gas Cartel”.

What The Partners Are Waiting For

The USA is facing increasing domestic pressures aiming at disengaging its currency with the American dollar which is on decline, and engaging it with a basket of currencies.

The pressure is exercised by a groups and companies in the sixth country worldwide in terms of oil production as a result of the increase of inflation. Supported by the decline of the American dollar. Despite the increasing economic and social pressures, the governor of the UAE Central Bank said that any decision to disengage the local currency with the dollar for the interest of a basket of currencies that include the dollar and the Euro necessitates an agreement between the leaders of the GCC countries which agreed on establishing a monetary unit.

Among them, so such a decision can’t be taken before coordinating with the Gulf partners. But if Syria, with its limited oil resources compared to the Gulf countries, and despite all the political and economic pressures exercised on her, has taken the decision of disengaging its currency with the dollar a few months ago, so what are the partners are waiting for to take a similar step?

Russia and Iran Seek to Establish “A Gas Cartel”

The well known American diplomat Lawrence Wilkinson said in a report offer to the American congress on Wednesday that the American administration with its short sight policies towards Iran was facilitating the strategic mission carried out by Russia aiming at establishing an international gas cartel which will be stronger than OPEC.

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