Does Arab Money Market Witness a Crisis?

Syria Intends to Lift the Subsidies of Fuel Gradually. Iraq to Hold a Conference in Dubai for Promoting Trade in the South. "Al-Sharq al Awsat for Development" Seeks to Hold Projects in Syria, Yemen and Djibouti. 1 million dinar, the Total Value of Insurance Installments in Jordan. The Establishment of the Fund of "1 Computer for Each Family in Palestine". The Emarati "Iqarat.com", Starts its Activities in Jordan. The Integration of Three Egyptian Insurance Companies. The Iranian "LNG" Signs an Agreement with the Spanish "Socoin" Company. Russia and the US Cooperate in the Field of Atomic Energy.

Does Arab Money Market Witness a Crisis?

The impact of mass media on shares prices at money markets has a different dimension in the Arab countries compared to the rest of the world. The relatively-newly establishment of the Arab money markets and the most recent activities of Arab investments in the money markets, especially with regard to the middle class sector in the Arab societies, have urged the investors to take decisions of buying and selling based on mass media propaganda, and not on a long-term economic analysis and the rule of winning and loosing.
With regard to that, Arab money markets, generally speaking, and the Gulf money markets, specifically, have been characterized by sensitivity towards any mass media shock that would eventually result in a real economic shock on the ground.
But what is more strange is the intervention of speculators in the Gulf states even in the future of this or that share, be it up or down.
Last week, Arab money markets witnessed a sharp decline amid rumors about the flee of foreign investors because of the chaos witnessed by world money markets.
Indicators of 8 money markets which are: The Emirati, Bahraini, Qatari, Omani, Palestinian, Moroccan, Tunisian and Egyptian money markets have declined, whereas four of them only: The Saudi, Kuwaiti, Jordanian, and the Lebanese money markets have resign.
The question is: How we can immune our money markets?

Syria Intends to Lift the Subsidies of Fuel Gradually

Syria is expected to start a gradual lifting of the subsidies of fuel in an attempt to stop more deficit in the budget. The decision was welcomed by some economic circles which call for a rapid transformation to the market economy, whereas other sectors, economic and public, express worry that this decision will have negative results on the poor and middle classes.

Iraq to Hold a Conference in Dubai for Promoting Trade in the South

The Iraqi government has held a conference under the title "Iraq for Work and Investments" in Dubai Emirate.
The conference will last till the end of this month. It is worth mentioning, that the conference was held with the aim of enhancing and promoting more foreign investments in the South of Iraq through making available for the small-sized companies, which require a finance not less than $1 m to invest, as well as the big companies which intend to invest with a total value of $200 m. 100 big investors in the South of Iraq and the companies of the GCC, as well as world companies took part in the conference.

"Al-Sharq al Awsat for Development" Seeks To Hold Projects in Syria, Yemen and Djibouti

The Executive Chairman of al "Al-Sharq al-Awsat" Company for Development, located in Dubai, Mr. Usama al Demashqi said that the company has started to buy lands in Syria, Yemen, and Djibouti for building new cities with billions of dollars.
Mr. al Demashqi added that the special group which the total value of assets under its management is estimated by $280 m, looks for expansion outside the Middle East and North of Africa.

1 million dinar, the Total Value of Insurance Installments in Jordan

Official statistics issued by the Jordanian Insurance Commission pointed out that the insurance sector witnessed a rise at the end of last July by 177.8 million dinars compared to 153.1 million dinars during the same period of 2006, and with an increase of 16%.

The Establishment of the Fund of "1 Computer for Each Family in Palestine"

The Palestinian Group of Telecommunications and "Al Rafah" Bank for Financing Small Projects have signed a cooperation agreement for establishing the fund of "1 Computer for Each Family in Palestine".

The Emarati "Iqarat.com", Starts its Activities in Jordan

"Iqarat.com" has announced that it started its activities in Jordan, represented by the real estate "Beit al Aamal" company, "Iqarat.com-Jordan". It is worth mentioning that the company was established 16 years ago in the UAE, and expanded later on in Jordan, Oman, and Kuwait.

The Integration of Three Egyptian Insurance Companies

Three insurance companies owned by the Egyptian government have expressed their intention to integrate in one insurance entity. The Egyptian Al-Sharq Insurance Company, and "Al-Masria" company said that they integrated with Egypt "Maser" company for insurance with a capital estimated by 1.9 billion Egyptian pounds, as well as a volume of assets estimated by 18 billion Egyptian pounds.

The Iranian "LNG" Signs an Agreement with the Spanish "Socoin" Company

The Iranian "LNG" company signed on Monday an agreement with Spanish "Soken" company for the management of the project of producing the liquid natural gas. The executive chairman of the company Ali Kheirandish, said that the Spanish company "Soken" takes part in Iran for the first time adding that it hit a record in executing projects of "LNG" for natural gas all over the world.

Russia and the US Cooperate in the Field of Atomic Energy

Russia and the US may sign agreement next Autumn -2007 to cooperate in the field of atomic energy for peaceful purposes. Deputy Chairman of the Russian Federal Agency for Atomic Energy, Nicolai Spasky said during the meeting of "The Round Table", dedicated for the 15 anniversary of the establishment of "Nunn-Lugar" program (Cooperative Threat Reduction Programme), that Russia supports signing the special agreement of cooperation in the peaceful use of atomic energy between the US and India.

Small Indexes

The meeting of the Syrian-Jordanian economic and trade committee is due to start today in its second session with participation of the Ministers of Economy and Trade of both countries.
The volume of the direct of foreign investment in China had exceeded $750 bn by the end of June-2007.
The number of tourists who visited Egypt in 2006-2007 has reached 9.7 million tourists with an increase of 13% compared to the number recorded last year which reached 8.6 million tourists.
The total number of tourist who visited Jordan during the first 7 months of this year has reached 3.7 million tourists compared to 3.4 million tourists during the same period of last year with an increase of 8.7%.

Companies Indexes

National Bank of Kuwaitsaid that the sellings in the real estate sector have witnessed a considerable increase during last July, reaching 459.7 million dinars compared to 245.7 million dinars reached the previous month, with an increase of 87%.
The Taiwani "Acer" company for electronic industries intends to buy the American company "Gateway" in return for $710 m, to become the third biggest producer of personal computers in the world.

Bids & Contracts

The governmental Iranian gas company has signed an agreement in Tehran with the Spanish "Socoin" for the management of the project of producing liquid natural gas with a total value of 36.5 million Euro, to be executed within 36 months.

Conferences & Exhibitions

The Syrian Chamber of Trade is due to hold the activities of the Syrian-European meeting in cooperation with the Syrian-European Business Center between 8-10 of next September, with the participation of 22 agricultural companies from the different Syrian governorates, and 30 European companies from Britain, Italy, Poland, Bulgaria, Romania as well as companies from Tunisia and Ecuador.
The joint second exhibition of cars between Iran and China is due to be held between 7-10 of next September in the Chinese "Tian Gen" city located 120 km away from the Chinese capital Bejing.

http://www.voltairenet.org/article151122.html

Macon Marketing Group Acquires 50,000,000 Iraqi Dinars Held at Warka Bank

Written by EditorsChoice

Saturday, 04 August 2007

Macon Marketing Group, Inc. Speculation Investment Portfolio Acquires 55,000,000.00 IQD (New Iraqi Dinars) divided equally between dinar denominated bank accounts and dinar denominated securities at the ISX Exchange mostly held at Warka Bank for Investment and Finance, a Baghdad-based Bank. Also, 35,000,000.00 VND were added to the portfolio. Las Vegas, NV (PRWEB) July 20, 2007 -- Macon Marketing Group, Inc. Speculation Investment Portfolio Acquires 55,000,000.00 IQD (New Iraqi Dinars) divided equally between dinar denominated bank accounts and dinar denominated securities at ISX Exchange mostly held at Warka Bank for Investment and Finance, a Baghdad-based Bank. Also, 35,000,000.00 VND were added to the portfolio recently, acquired from U.S. Treasury registered dealers. Vietnam is second behind China in GDP growth and recently announced entrance to the WTO, World Trade Organization, after its invitation was ratified by the country's parliament. Considering the temporary weakness of the U.S. Dollar, this represents a reasonable parking place for a small percentage of cash allocated for speculative purposes. The upside of these speculative investments cannot be exactly determined, but both are premised to show patriotism for the efforts of our home country. WARKA BANK IRAQ (http://www.warka-bank.com) is the current leader among Iraqi banks for foreign investment accumulation regarding asset values of bank accounts in Iraq. They are also the current leaders in setting up accounts for investing the ISX IRAQ STOCK EXCHANGE (http:///www.isx-iq.com), the new stock exchange in Baghdad that is opening up to non-Iraqi investors on August 02, 2007. The financial stocks of Iraq are currently at severely depressed levels near all-time lows across the board. Those wishing for more information about risks and benefits of investment in the opportunity presented by Iraq may visit InvestorsIraq Site (http://www.investorsiraq.com) for general info and specifics as to how to open an account with Warka Bank and how to comply with procedures to qualify as a foreign investor, personal or corporate, and how to trade stocks on the ISX that is scheduled to go electronic trading in October 2007. They are currently overloaded as it is, and it will likely take at least 2-3 months to receive a response from them. It has been over two months since they responded to one of our inquiries. We will issue a press release when they do respond again. Therefore, any new clients should be willing to show extreme levels of patience and expect poor service and frustrating delays for the foreseeable future. Otherwise, they are model of integrity and attention to detail that exceeds any other bank ever encountered. Iraq is on track to WTO (http://www.wto.org) membership and will officially open its ISX stock exchange to non-Iraqis on August 02, 2007 and go electronic in October 2007, perhaps sooner, providing a once in a generation opportunity to help and invest in the reconstruction of a war-torn oppressed country. Macon Marketing Group was established to provide a vehicle for entrepreneurial ventures research and development and partake in strategic speculative investments that take 5-10 years to reach maturity and maximum return. Fees from management consulting services were used to make these investments. To facilitate the investments, the corporation at times made purchases and setup accounts under the name of the CEO, but all payments, such as checks, money orders and bank wires were made from Macon Marketing Group accounts. The CEO has signed documents that all such investments are the property of Macon Marketing Group. The current gross revenues of Macon Marketing Group are $155,000.00. The company is in some debt and has generated no net income since inception in 2004. The company is privately held. Any and all treasury obligations resulting from the sale of foreign treasury notes or securities will be paid in a timely manner in full with returns prepared by a reputable accounting firm and overseen by competent legal counsel. The company may have an opening for a General Counsel to be filled starting in 2008. Currently the company utilizes several legal firms as needed. The investment in Iraq is allowed by all U.S. Citizens and was ordered by presidential order 13309 and the company has gone through an investment legalization procedure by the U.S. State Department with help of the AACC in Washington, D.C. The company will file required documentation for calendar 2007 with the U.S. Treasury in June 2008 as obligated by current investment levels in offshore accounts. All those with foreign accounts meeting certain criteria should register with the Treasury to prevent involuntary collection of such information. Macon Marketing Group plans to offer to hire returning Iraq vets who served, especially considering those who are disabled or sustained injury preventing gainful employment. The company will announce in 2008 whether it has funds to make such offers. Ten percent of all profits will be directly donated to charities that assist returning veterans with room and board and employment retraining. Disclosures: Billboard Taxi Media (http://www.billboardtaximedia.com) produced this release. Gobal sales information for billboard LED, LCD color advertising displays at Billboard Taxi Media Alibaba Global Site (http://billboardtaximedia.trustpass.alibaba.com) No financial advice is offered or given here and prudent advice is always that all investors should consult with their financial advisers prior to spending any money anywhere. Macon Marketing Group's interim CEO, is a physician executive working for no base salary pending hiring of permanent officers. He will be paid in IQD for services rendered to the company.