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Sovereign funds fly out dollar deposits
In reaction to growing US dollar weaknes, some sovereign wealth funds decided to reduce their exposure to that currency. According to the following FT article "Behind the scenes, fund officials are questioning the credibility of the Federal Reserve and US Treasury in...
Mediterranean union launched: 43-nation group plans regional projects
Emulating the European Union model 43 countries in Middle east have come together and formed a Mediterranean Union. Although unlike European countries many of these countries don't have great relations with each other. "French President Nicolas Sarkozy launched a... Lebanon: A unity government at last
After weeks of political uncertainty and some civil unrest, a new 30 member national unity was announced in Lebanon. It marks the return of Fouad Siniora as Prime Minister and the allotment of 11 posts to the opposition -Hezbollah, Amal, Michel Aoun party and shiite... Giant Saudi field is key to boosting oil output
Amidst the talk of Crude prices hitting a record level of $150, one of world's biggest oil supplier Saudi Arabia had commissioned a giant field to boost oil supply. " This massive oil field surrounded by the desolate sands of Saudi Arabia's vast eastern desert feels like...Iraq disbands national soccer team after loss
There are crazy soccer fans all over the world but no country disband their team after loss. " It was less than a year ago that Iraqis poured into the streets in a rare show of unity and celebration after the...Oil may spike to $150 after inconclusive Jeddah conference « Peter J. Cooper...
"Lack of commitment to new supply, a halt to Nigerian oil production and bitter divisions among oil producers are expected to deliver the reverse of the intended consequences to the Jeddah energy conference: a spike in oil prices to test the $150 a barrel market this week." Foreigners participation record on Sertões Rally
The rally have staterd on Jun 17 in Goiania and will finish at Jun 39 in Natal. Competitors from all over the world will cross 6 Brazilian states and travel for 4732 kms (3000 milles). Of this total distance of the... Female suicide bomber strikes soccer fans in Iraq
In yet another female suicide bombing attack in northern Iraq, a woman detonated a bomb in her vest as soccer fans celebrated their win against China in the qualifying round for the 2010 South Africa World Cup." At... Conservative Muslim country Qatar plans to bid for shock football World Cup bid
Qatar may have been kicked-out of the race to hold the 2016 summer Olympics, which left many local Qataris fuming with rage and the large immigrant population's a sigh of relief, as more and construction will have gone under the hammer to make way for new...Only the UAE is showing higher consumer confidence says MasterCard « Peter J...
" The UAE index score of 85.4 was up on 78.5 six months ago, although survey newcomer Qatar was higher at 88.6 as was Kuwait at 89.4. Saudi Arabia showed a dip from 92.2 to 80.1."Vodafone unit to pay $2.1 bln for second mobile licence in Qatar
"Doha (ANTARA News/DPA) - Vodafone and the Qatar Foundation consortium will pay 7.72 billion Qatari riyals (2.1 billion dollars) for Qatar's second mobile phone licence, the Gulf state's telecom regulator said on Tuesday.Vodafone and Qatar Foundation will hold 45 per cent of... Obama won't visit Iraq, How Long has it been since he's been in Iraq?
Why won't Obama go to Iraq? Answer is simple, if you have your head in the sand you can beleive what you want. John McCain's surge has and is working and it is hard for Obama to take that all in. ... Osama hiding in Karakoram range: Report
The location of America's most wanted & most dreaded terrorist Osama bin Laden has finally been found. A media report has said that he is hiding in the "rooftop of the world", the Karakoram section of the... Israel-Syria Peace Deal? Lebanon Falling, Iran Rising
***OPINION***"My reactions are based on an article titled Israel-Syria Peace Deal Could Threaten Iran, Hezbollah. When you only read the title you think that things are improving (snicker, snicker) in the Middle... Indian Premier League (IPLT20)
"Willow TV is showing video streaming for Rights to distribute on television, radio, broadband and Internet, for the IPL in North America."
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