Approached the U.S. dollar exchange rate from the highest level in four months against the yen in Asian dealings today after getting off following the end of a meeting of the Group of Eight held at the beginning of the week. The report said an economic contraction in the dollar dealings morning before the Japanese currency thanks to Iqbal Japanese importers to buy, as well as Tokyo shares rise by 2.6%, while referring to increased demand by investors for the risk. The report, the Saudi press agency “WAS” to the decline of the dollar against the yen at 107.85 yen on electronic transactions in the system (ie. Bi. SA) in early dealings but get rid of its losses later to arrive in late dealings to 108.20 yen and hanging near the highest level Him four months ago, which reached him on Friday at 108.43 yen. He said Vukoshiro Bocage, Japanese Finance Minister: “The Group of Eight had not been discussed or interfere with the common currency.” Said Henry Paulson, Treasury Secretary that the U.S. supports strong dollar were the result of the meeting was disappointing for investors who said they were expecting a strong message of support group for the dollar. It is worth mentioning that the recovery of the dollar against both the euro and the yen has provided an opportunity to stop oil prices from continuing to move towards the 140 dollar despite recent statements to the U.S. Department of Energy, which showed a decline in stock in the oil exceeded expectations.

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An survey in 2006 published on Monday that the Swiss city of Zurich is the best city in terms of standard of living provided by the inhabitants of the Iraqi capital Baghdad and the worst for the third consecutive year In the list prepared by Mirkr of human resources topped the Geneva Centre II and the Canadian city of Vancouver, while third place came at the bottom of the list with Baghdad, the capital of Rangoon and the Central African Republic’s capital Brazzaville, Congo. No change in the existing arrangement for the first three countries last year. The city of Chicago of the American cities that have achieved significant progress and rose from No. 52 in 2005 to 41 in 2006 due to a drop in crime rates while the Egyptian capital Cairo after the biggest losers retreated nine degrees at once to rank No. 131 out of 215 cities. Mirkr said that this was due to “political turmoil and terrorist attacks in the city and surrounding region.” And adopt Mirkr in its annual report on the 39 benchmark for the standard of living of political stability to schools to restaurants and the environment.

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Noor Capital completed the company managing the bids to more than 29% of the shares of Victoria for oil and gas on the secondary market in Britain for the benefit of a consortium of investors led by UAE and the Gulf Falcon Petroleum Company registered in Cyprus. The Emirates news agency that under the Convention on the takeover consortium invested worth 36 million dollars (132 million AED), including $ 24 million to cover the value of the quota that had been controlling them and the rest in the form of a loan is convertible at any time. Kevin Fu said the company board chairman, Victoria contributing to the new Emirates Gulf will be used in the process of development to increase production in a field in Kazakhstan Kimarkol-owned company as well as in the exploratory operations in the concession area granted to a company in northern Siberia in Russia’s Federal Republic of global petroleum companies. Kevin Fu explained that the general assembly will hold an extraordinary meeting at company headquarters in London on 14 ongoing process of ratification of the possession and reconsider the composition of the Board of Directors of Victoria commensurate with the new distribution of quotas.

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In the framework of the strategy of integrated communications company “Du” to the international regional centre for telecommunications services in the region, signed the “Du” Convention on the establishment and maintenance of building the first cable (optical fibers) broad-nautical-capacity links directly between the United Kingdom and India within the alliance comprising 16 global communications services provider. It is expected to enter into a cable service with effect from the second quarter than in 2010, with a length of 15 thousand kilometers and connects the cable between the 13 countries and three continents will cost 700 million dollars, as reported Emirates news agency “mother”. He Osman Sultan, Chief Executive of the “Du” the importance of this step investment strategy and necessary, pointing to a draft cable will bring more flexibility and diversity of the network “Du” and enhance the stature of the UAE an international destination for business and that provided by cable, including the power of broadband communications to and from UAE. He explained that the receiving station marine cable will form the new Fujairah entrance of the Movement of communication via cable to increase its number of such stations in the UAE which is in the diversity of the facilities of the operators of communication services in the State. He said Andrew Jrinfel, Deputy Executive Chairman of the Department of international communications services operators in the “Du”: “Our participation in this alliance and signed an agreement with fiber-optic marine cable, which falls within the new-generation technologies will enhance the efforts of” Du “to be the preferred partner to contact international telecommunications operators.” On a related, had “de” revenue during the first quarter of this year 2008 amounted to 756.5 million dirhams, up by 18% compared to the corresponding period last year, amounting to 637.7 million dirhams

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All figures and indicators that in 2007 was a transitional turbulent, with all the problems started issued by the steady growth since the early century in the grip of escalating’s major economies in the west to limit the growth and the explosion of crises. At the same time continued to emerging economies, notably China and India, exceptional growth rates of up to nearly boiling, as in China. Growth in the services sector Sly in 2007 the economic boom in the market for large aviation industry, and returned to the European Airbus company occupies first place in sales, which will rob them of the time American rival Boeing. On the other hand, the American auto industry went down completely in front of Asian and European companies after years of decline and sales losses. Perhaps the most important feature in the global economy in general is the emergence of the importance of the service sector at the expense of other traditional sectors of the economy, the financial services sector in the spotlight most of the year. Financial markets saw fluctuations clear, and that was not exposed to catastrophic collapses and ends with public and the banking sector is suffering the global crisis raised by the credit contraction, which led to the collapse of the real estate market crisis of America and the attendant crisis of bad real estate loans. With the continued rise in energy prices, and other primary commodities, people started to various countries around the world feel the pressure of inflation. Although natural in that situation to become central banks to raise interest rates to curb inflation, has had such banks in most major industrialized countries to reduce interest rates to help the economy to regain vitality by stimulating investment and borrowing consumer spending

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Continue to price the American currency, the U.S. dollar’s decline against other major currencies in the world, as commodity prices continue, particularly gold rise. The dollar reached a level hundred Japanese Yen, who has not fallen since the mid-nineties, and the euro until after the checkpoint and a half dollar is not expected to retreat from him. With the continued decline of the dollar and almost sure to enter the U.S. economy pose a continuing prices of precious metals and commodities in general rise. It appears that the recent action by central banks in major countries rich to pump billions in the market to ease the liquidity crisis had not eaten with the continued contraction of credit worldwide. It was not the British Treasury Minister Lester Darlnj first reduction of growth prospects in his country from among its counterparts in major industrialized countries, although it has happened. It appears from preliminary figures for the first quarter of this year that the crisis of the collapse of the U.S. real estate sector, coupled with the bad real estate loans disaster which cost the global banking sector tens of billions of losses, did not reach the extent of yet. Growing concerns It made markets anticipate further pressure amid very cautious in borrowing for investment, something that made investors seek safe haven away from equities and currencies. The gold, which reached ounce price (ounce) than to one thousand dollars, the best safe haven for the value of the investment funds but also the conflicts of futures contracts for oil and agricultural commodities from wheat to coffee. Despite the optimistic expectations that the U.S. real estate crisis may not move to Europe, the same spread of the crisis unit technology stocks turn of the century, the price of real estate in Europe has started falling and now the most prominent in Spain. As speculations that the ability of emerging economies such as China and India for disengagement with the U.S. economy, thus alleviating global recession seems overly optimistic

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Deputies said that the U.S. Congress provides billions of dollars of aid to both Pakistan and Afghanistan, but many of these funds do not reach at all to those two countries. ” The former ambassador, Richard Holbrooke and Thomas Pickering, the huge sums spent fees and compensation for consulting services and funds came under “general expenses and indirect” has not been American soil ever. He says that he wishes the U.S. Congress now know the size of such amounts being “Takecitha” (removed from the amounts of aid) in the United States before they reach such assistance to its original destination. An official at the U.S. Agency for International Development (USAID supported), which is an arm of development and development of the U.S. government, money that public expenditures and indirect costs are not currently more than 30 percent of the total amount of such assistance. The official added that there are now serious effort to reduce the cost of such assistance, through local employment and contracting for the implementation of local projects

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The Nigerian army said that gunmen detonated a mistake for the Nigerian oil supplies near the oilfields Aeskeravos run by Chevron in the Niger Delta, which led to the suspension of some production. He said Brigadier-General and the Web “ceased production shows that the damage was serious,” pointing to halt production of 120 thousand barrels per day because of the accident. The Nigerian President Umar Yar performed Friday had ordered the army to tighten security measures in the Delta Alnnigerbad attack on the freedom of key oil installations belonging to Shell on Thursday. It was not possible to obtain immediate comment from officials of Chevron about the incident. Correspondents say that while the government announced its intention to convene a summit of leaders of the Niger Delta with an expected lost money on the armed groups there want to show the extent of their impact on any peace talks. On the other hand, agreed the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency and the International Energy Forum to submit a working paper and one in Jeddah during a conference of energy which will be held Sunday in Saudi Arabia.

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Agreed China and the United States to begin negotiations aimed at reaching a formula to ensure the protection and expand mutual investments between the two countries. It is noteworthy that mutual investment agreements designed to remove barriers that stand in the way of investment, through laws and regulations governing mutual various matters such as arbitration. It is noteworthy that American companies have expressed their concern about the investment laws in force in China, which says it gives preference to Chinese companies. American officials said that an announcement officially start negotiations to be issued later. This news came while engaged high-level delegation from the two countries will hold periodic talks aimed at addressing trade frictions between China and monetary and the United States. The talks - the so-called strategic economic dialogue sessions - the brainchild of U.S. Treasury Secretary Henry Paulsen, who removed in 2006. However, this dialogue subjected to many criticisms because of its failure to achieve any significant progress

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