KUWAIT GULF INVESTMENT: GIC INDICES & GIC COMPOSITE INDEX

December 31, 2007 at 7:33 pm | In Arabs, Economics, Financial, Globalization, Middle East, Research | Leave a Comment

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GIC Indices News Flash –

GIC Indices 1Q2008

Gulf Investment Corporation

(“GIC”)

Mon, 31 Dec 2007

Attachments: 1Q2008 Telecom Flash.pdf,Size: 119394 bytes.

1Q2008 Banking Flash.pdf,Size: 134140 bytes.

1Q2008 Composite Flash.pdf,Size: 177558 bytes.

1Q2008 Emirates Flash.pdf,Size: 132522 bytes.

1Q2008 Kuwait Flash.pdf,Size: 137240 bytes.

1Q2008 Oman Flash.pdf,Size: 131632 bytes.

1Q2008 Qatar Flash.pdf,Size: 124596 bytes.

1Q2008 Saudi Arabia Flash.pdf,Size: 136796 bytes.

1Q2008 Bahrain Flash.pdf,Size: 124296 bytes.

 

Please find attached the following News Flash concerning the GIC Indices.

Thank you,

Nouf Al-Mahboub

Data Analyst

Gulf Investment Corporation

P.O. Box 3402

Safat 13035 Kuwait

Tel. +965 222-5087

Email: nalmahboub@gic.com.kw

gicIndices@gic.com.kw

1Q2008 Telecom Flash.pdf

1Q2008 Banking Flash.pdf

1Q2008 Composite Flash.pdf

1Q2008 Emirates Flash.pdf

1Q2008 Kuwait Flash.pdf

1Q2008 Oman Flash.pdf

1Q2008 Qatar Flash.pdf

1Q2008 Saudi Arabia Flash.pdf

1Q2008 Bahrain Flash.pdf

GCC Market Update 31 December 2007

Mon, 31 Dec 2007

Attachments: GCC Market Update 31 December 2007.pdf,

Size: 94164 bytes.

Please find attached our daily GCC Market Update document.

Thank you,

Nouf Al-Mahboub

Data Analyst

Gulf Investment Corporation

P.O. Box 3402

Safat 13035 Kuwait

Tel. +965 222-5087

Email: nalmahboub@gic.com.kw

gicIndices@gic.com.kw

GCC Market Update 31 December 2007.pdf

Background:

GIC Composite Index

GIC Indices are a group of cap-weighted total return indices for the GCC equity markets. The flagship index is the GIC Composite Index, which is a market-cap-weighted addition of GIC’s 6 GCC country indices.

In addition to the 6 country indices, one for each GCC country, there are currently 2 region-wide sector indices, one for the Banking Sector and one for the Telecom Sector.

All indices have been backdated from 1 January 2000 and are reviewed quarterly in order to continue to be a true reflection of regional markets

Gulf Investment Corporation (“GIC”)

Mon, 31 Dec 2007

ENTROPY AS KEY CONCEPT

December 31, 2007 at 1:07 pm | In Earth, Philosophy, Research, Science & Technology | Leave a Comment

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Entropy 2007, 9

The Natural Philosophy of Work

Entropy is arguably the most

pervasively important physical

concept in our Western culture [1].

Introduction:

Entropy is arguably the most pervasively important physical concept in our Western culture [1].

The Second Law of thermodynamics conceives a universal disorder attractor governing our world to the effect that the world tends towards ever more probable configurations of its substance. Formally, this requires the plausible supposition that our universe is an isolated system. The effect on us of this universal tendency is that we cannot ‘have it all’ because our ‘having it’ generates a degree of greater improbability in local energy distributions. This limitation comes about because we go about getting what we want, and we even experience wanting, only by mobilizing energy gradients, which degrade and partially dissipate as a result. By ‘dissipation’ of an energy gradient I mean its degradation all the way to completely degraded energy — heat energy, or entropy. Gradient degradation involves some dissipation directly as well promoting further dissipation by exposing waste products to further dissipative forces. Energy gradients are orderly alignments of ‘free’ energy, potentially ‘available’ to be tapped for work. ‘Order’ in this sense, and ‘availability’, means ‘arranged so as to be consumable’, and this necessarily reflects the properties of consumers as much as those of an energy gradient, since these must in some way, and to some degree, match. And so energy gradient order, being improbable, is not only unlikely to be spontaneously achieved, but is also implicitly subjective, as well as semiotic (i.e., meaningful to potential consumers).

This paper concerns the consumption of thermodynamic order, or available (free) energy. Plants consume solar energy, we consume fresh organic matter, engines consume fossil organic matter. Sunlight is in this sense not ‘available’ to us, or to our engines [2]. With entropy being defined as disorder [e.g., 3], energy gradients that cannot be consumed might as well be viewed as entropic with respect to excluded consumers. So, from the point of view of our physiology, sunlight and fossil organic matter are virtually disordered because we cannot mobilize them directly as sources of assimilable energy (even though they do contain measurable free energy). The ultimate form of nonconsumable energy for any consumer whatever has been conceived in physics as ‘heat energy’ — entropy. This is energy that has been so thoroughly disordered that no gradients are sustained within it long enough for any consumer to mobilize them [4]. Energy gradients might form spontaneously within a volume of heat energy by way of fluctuations, but these will be randomly oriented with respect to any intents and purposes , and so unable to be harnessed to action at any scale larger than Planck scale. Such gradients would be ‘randomized’ with respect to the possibility of accomplishing work. As well, they dissipate spontaneously before they can be harnessed to (what we at our scale would reckon to be) work. Work [e.g., 5] is activity mediating a change from one form of energy to others of lesser amount, but more orderly than heat energy, some of which would be ‘useful’ to the working system. Useful work, however, is always accompanied by the production of heat energy / entropy as well. Available (free) energy degrades into exergy (used in work) plus the energy eventually dissipated into entropy.

References and Notes:

1. Salthe, S.N.; Fuhrman, G. The cosmic bellows: the Big Bang and the Second Law. Cosmos and History 2005, 1(2), 295-318. http://www.cosmosandhistory.org

2. Hoelzer, G.A.; Smith, E.; Pepper, J.W. On the logical relationship between natural selection and self-organization. Journal of Evolutionary Biology 2006, 19, 1785-1793.

3. Salthe, S.N. Entropy: what does it really mean? General Systems Bulletin 2003, 32, 5-12.

4. Pielou, E.C. The Energy of Nature, University of Chicago Press: Chicago; 2001.

5. Giampietro, M.; Mayumi, K. Complex systems and energy, In Cleveland, C., Ed.; Encyclopedia of Energy, Academic Press: San Diego; 2004,Volume 1, pp. 617-631.

6. Odum, H.T. Systems Ecology: an Introduction, Wiley Interscience: New York; 1983, p.116.

7. Haynie, D.T. Biological Thermodynamics, Cambridge University Press: Cambridge, UK; 2001.

8. Lotka, A.J. Contribution to the energetics of evolution. Proceedings of the National Academy of Science 1922, 8, 147-151.

9. Schneider, E.D.; Kay, J.J. Life as a manifestation of the Second Law of thermodynamics. Mathematical and Computer Modelling 1994, 19, 25-48.

10. Swenson, R. Emergent attractors and the law of maximum entropy production: foundations to a theory of general evolution. Systems Research and Behavioral Science 1989, 6, 187-198.

11. Swenson, R. Autocatakinetics, evolution, and the law of maximum entropy production. Advances in Human Ecology 1997, 6, 1-47.

12. Dewar, R.C. Maximum entropy production and the fluctuation theorem. Journal of Physics, A Mathematics and General 2005, 38, L371-L381.

13. Martyushev, L.; Seleznev, V.D. Maximum entropy production in physics, chemistry and biology. Physics Reports 2006, 426, 1-45.

14. Bejan, A.; Marden, J.H. Constructing animal locomotion from new thermodynamics theory. American Scientist 2006, 94, 342-349.

15. Zotin, A.I. Thermodynamic Aspects of Developmental Biology, S. Karger: Basel; 1972.

16. Salthe, S.N. Development and Evolution: Complexity and Change in Biology, MIT Press: Cambridge, MA; 1993.

17. Prigogine, I.; Wiame J.M. Biologie et thermodynamique des phénomènes irréversible. Experientia 1946, 2, 451- 453.

18. Odum, H.T.; Pinkerton, R.C. Time’s speed regulator, the optimum efficiency for maximum output in physical and biological systems. American Scientist 1955, 43, 331-343.

19. Lineweaver, C.H. Cosmological and biological reproducibility: limits of the maximum entropy production principle. In Kleidon, A.; Lorenz, R. Non-equilibrium Thermodynamics and the Production of Entropy: Life, Earth and Beyond, pp. 67-76. 2005.

20. Cho, A. Long-awaited data sharpen picture of Universe’s birth. Science 2006, 311, 1689.

21. Riordan, M.; Zajc, W.A. The first few microseconds. Scientific American, May 2006, 34 – 41.

22. Turner, M.S. Quarks and the cosmos. Science 2007, 315, 59-61.

23. Wilczek, F. Did the Big Bang boil? Nature 2006, 443, 637-638.

24. Prigogine, I. From Being to Becoming: Time and Complexity in the Physical Sciences, W.H. Freeman: San Francisco; 1980.

25. Salthe, S.N. Energy and semiotics: the Second Law and the origin of life. Cosmos and History 2005, 1, 128 – 145.

26. Brooks, D.R.; Wiley E.O. Evolution As Entropy: Toward a Unified Theory of Biology, (2nd. ed.) University of Chicago Press: Chicago; 1988.

27. Salthe, S.N. Summary of the principles of hierarchy theory. General Systems Bulletin 2002, 31, 1317.

28. Harold, F.M. The Vital Force: A Study of Bioenergetics, W.H. Freeman: San Francisco; 1986.

29. Shlyk-Kerner, O.; Samish, I.; Kattan, D.; Holland, N.; Maruthi Sal, P.S.; Kless, H.; Scherz, A. Protein flexibility acclimatizes photosynthetic energy conversion to the ambient temperature. Nature 2006, 442, 827-830.

30. Holling, C.S.; Gunderson, L.H. Resilience and adaptive cycles. In Gunderson, L.H. and Holling, C.S., Eds; Panarchy: Understanding Transformations in Human and Natural Systems, Island Press: Washington, DC; 2002, Chapter 2.

31. Salthe, S.N. Natural Selection in relation to complexity. Artificial Life Journal. (in press)

32. Simon, H. The architecture of complexity. Proceedings of the American Philosophical Society 1962, 106, 467- 482.

33. Salthe, S.N. Two frameworks for complexity generation in biological systems. In Gershenson, C.; Lenaerts, T., Eds. Evolution of Complexity, ALife X Workshop Proceedings. Indiana University Press: Bloomington, 2006, pp. 99-104.

34. Salthe, S.N. Evolving Hierarchical Systems, Columbia University Press: New York; 1985.

35. Ashby, W.R. Requisite variety, and its implications for the control of complex systems. Cybernetica 1958, 1, 1-17.

36. Conrad, M. Adaptability: The Significance of Variability from Molecule to Ecosystem, Plenum: New York; 1983.

37. Ulanowicz, R.E., Ecology, the Ascendent Perspective, Columbia University Press: New York; 1997.

38. Kauffman, S.A., Investigations, Oxford University Press: New York; 2000.

39. Salthe, S.N. The origin of new levels in dynamical hierarchies. Entropy 2004, 6(3), 327-343. http://www.mdpi.net/entropy/list04.htm

40. Kauffman, S.A. The Origins Of Order: Self-organization and Selection In Evolution, Oxford University Press: New York; 1993.

41. Ulanowicz, R.E. The balance between adaptability and adaptation. BioSystems 2002, 64, 13-22.

Stanley N. Salthe

Biological Sciences, Binghamton University, New York, USA

Full Paper: The Natural Philosophy of Work

Entropy 2007, 9, 83-99 (PDF format 140 K)

Entropy, an International and Interdisciplinary Journal of Entropy and Information Studies.

ISSN 1099-4300, CODEN: ENTRFG, by MDPI. It is a peer-reviewed scientific journal, and it is published online quarterly at http://www.mdpi.org/entropy/.

Conference & Meeting News:

AMSI / MASCOS, Theme Program “Concepts of Entropy and Their Applications” (26 November – 10 December 2007)

Contact Addresses:

Dr. Shu-Kun Lin, Editor-in-Chief

E-mail: lin@mdpi.org

MDPI Center, Matthaeusstrasse 11, CH-4057 Basel, Switzerland.

Tel: +41 61 683 7734 (office), +41 79 322 3379 (mobile); Fax:+41 61 302 8918

Mr. Dietrich Rordorf, Assistant Editor

For manuscript submissions send an e-mail to: entropy@mdpi.org

Special Issues:

Important additional information: All thematic special issues will be fully Open Access with publishing fees paid by authors or their institutes. Open Access (unlimited access by readers) increases publicity and promotes more frequent citations as indicated by several studies.

NEW

Special Issue: Configurational Entropy

Managing Editor: Dr. Shu-Kun Lin

Call for papers: html format

Papers should be submitted by e-mail to entropy@mdpi.org

(add “Manuscript Submission for Configurational Entropy” as the message title).

Deadline for paper submission: 31 July 2008

NEW

Special Issue: Recent Advances in Entanglement and Quantum Information Theory

Guest Editor: Prof. Dr. M. A. Bouchene

Call for papers: html format

Papers should be submitted by e-mail to entropy@mdpi.org (add “Manuscript Submission for Topical Issue on Entanglement and Quantum Information Theory” as the message title).

Deadline for paper submission: 30 April 2008

Special issue: Facets of Entropy – Papers presented at the workshop in Copenhagen (24-26 October 2007)

Guest Editor: Dr. Peter Harremoës

Papers should be submitted by e-mail to entropy@mdpi.org

(add “Manuscript Submission for Topic Issue on Facets of Entropy” as the message title).

Deadline for paper submission: 15 December 2007 (New: 28 February 2008)

Special Issue: Quantum Spaces: Where Locality Is not Necessary, Causality Might not Be, but Entropy Certainly Is

Guest Editor: Dr. Paola Zizzi

Call for papers: html format

Submissions: by e-mail to entropy@mdpi.org (add “Manuscript Submission for Topical Issue on Quantum Spaces” as the message title), and a copy to zizzi@math.unipd.it.

Deadline for paper submission: 30 April 2008

Special Issue: Gibbs Paradox and Its Resolutions

Guest Editor: Dr. Shu-Kun Lin

Call for papers: html format

Papers should be submitted by e-mail to entropy@mdpi.org (add “Manuscript Submission for Topical Issue on Gibbs Paradox” as the message title).

Deadline for paper submission: 1 December 2007

——————————————————————————–

Entropy (ISSN 1099-4300)

Last change: 31 December 2007

Webmaster: entropy@mdpi.org

http://www.cosmosandhistory.org

31 December 2007

PALESTINIAN ANALYSIS OF ANNAPOLIS

December 31, 2007 at 4:51 am | In Arabs, Globalization, Islam, Israel, Middle East, Research, Zionism | Leave a Comment

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“The Annapolis Summit legitimized

Genocide”

K Salam (kawther_salam@yahoo.com)

Wed 12/05/07

kawther.salam@gmail.com

Hello,

Here is a link to my latest article:

“The Annapolis Summit legitimized Genocide”

http://tinyurl.com/yufhqs

Here is a link to the theft house:

http://www.kawther.info/ga2/main.php?g2_itemId=13638

Here is a link to my article: “The Criminal Magistrate’s Court of Jerusalem”

http://tinyurl.com/33z6rs

Best Regards,

Kawther,

http://www.kawther.info

http://www.kawther.info/wpr

“The Annapolis Summit legitimized Genocide”

K Salam (kawther_salam@yahoo.com)

kawther.salam@gmail.com

Wed 12/05/07

KNESSET CHRISTIAN ALLIES CAUCUS

December 31, 2007 at 4:01 am | In Globalization, Islam, Israel, Zionism | Leave a Comment

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Knesset Christian Allies Caucus

Knesset’s Christian Allies Caucus

marks 4th anniversary

Happy Anniversary

Batsheva Neuer (christianalliescaucus@gmail.com)

Sat 12/29/07

Batsheva Neuer (christianalliescaucus@gmail.com)

Knesset’s Christian Allies Caucus
marks 4th anniversary

——————————————————————————–

Dec. 25, 2007

——————————————————————————–

The Knesset’s Christian Allies Caucus is marking its fourth anniversary next week, at a time of burgeoning ties between Israel and the predominantly supportive evangelical Christian community around the world.

But as the relationship flourishes, the lobby also faces growing challenges from opponents of Israel’s ties with the evangelical world, both in Israel and abroad.

The increasingly influential parliamentary lobby, currently made up of 13 Knesset members from seven political parties across the political spectrum, has come to epitomize Israel’s newfound interest in garnering the support of the Christian world, especially the largely pro-Israel evangelical community, at a time when radical Islam is on the rise.

“Evangelical Christians are the most strategic ally the state of Israel has and we have to be stupid not to understand this,” said caucus chairman MK Benny Elon (NU-NRP), who spearheaded Israel’s campaign to court evangelical Christian support during his tenure as tourism minister.

“This is not just friendship as a means to an end but true friendship,” Elon said, negating ongoing concerns in certain streams of Judaism over ulterior motives evangelicals may have in their relations with Israel.

Established in January 2004 amid a wave of Palestinian suicide bombings, the parliamentary lobby immediately took off, as pro-Israel Christian pilgrims, particularly evangelicals, stood out in the then-empty streets of Jerusalem. Their moral support was conspicuous at a time when many American Jews stopped coming to Israel due to the wave of terror attacks.

After decades of shying away from Christian supporters, the newly formed Israeli lobby burst onto the scene with a flurry of activity, which continued apace in the last year even as the caucus’s founder, MK Yuri Shtern (Israel Beiteinu), passed away.

Over the last year, the parliamentary lobby has formed, or was in the process of forming, sister pro-Israel caucuses with 10 countries around the world: The US, Canada, Uruguay, Brazil, Korea, Philippines, Malawi, South Africa, England and Norway.

A mega caucus-event with the chairmen of all 10 sister parliamentary lobbies is scheduled to be held in Washington DC in May.

“The success of the Knesset Christian Allies Caucus over the last four years can be felt both internationally and here in Israel,” said caucus director Josh Reinstein.

“The [positive] relationship between Jews and Christians in the 21st century is now [a fact] and the advancement of Judeo-Christian values in the face of the rise of radical Islam is now a global movement.”

At the same time, the caucus’s main limitation to date has been that it primarily deals with the supportive evangelical Christian community, and has failed to make major inroads with the Catholic Church or mainstream Protestant communities. However, a major event with Mormon Church leaders is planned for this coming year.

Last year, evangelical organizations based in Israel faced criticism from the top Roman Catholic leader in the Holy Land for their unflinching support for Israel.

Moreover, these groups have also been given the cold shoulder by the Chief Rabbinate, which recently banned Jewish participation in a major Christian-sponsored tourism event due to concern over proselytizing.

The Knesset’s Christian Allies Caucus members – who range from Meretz to the National Union-National Religious Party and include MKs from Labor, Likud, Kadima, Israel Beiteinu, and the Pensioners Party – are scheduled to meet with the Chief Rabbinate next month in order to discuss the issue.

The controversy over the event highlighted the divergent world and theological views that still exist among Jews of all streams over cooperation with Christian evangelicals.

Indeed, the caucus’s work in courting the support of predominantly politically conservative Christians has been shunned by mainstream American Jewish leadership, whose views on social issues differ greatly from those of the Christian Right.

“Israel should be working with every friend it has in the Christian world, which very often are evangelical,” said Bobby Brown, former Israel director of the New York-based World Jewish Congress.

“We often see a rush in dialogue with non-evangelical and more liberal churches who are not our friends or who have not proven to be our friends in times of crisis,” he said.

With 70 million evangelical Christians in the US – who make up as much as forty percent of Republican voters – their support, based on shared values, is critical, Israeli caucus officials said.

“Despite our success, we have no intention of slowing down,” Reinstein concluded, pledging “even more far-reaching and bolder initiatives” in the year to come.

Sincerely,

Batsheva Neuer

KNESSET CHRISTIAN ALLIES CAUCUS

Batsheva Neuer, Administrative Assistant

Email: Christianalliescaucus@gmail.com

Knesset Christian Allies Caucus

Knesset’s Christian Allies Caucus

marks 4th anniversary

GHARBZADEGI: PERSIAN CONCEPT OF WESTSTRUCK OR WESTITIS

December 30, 2007 at 12:52 am | In Globalization, History, Iran, Third World | Leave a Comment

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Gharbzadegi

Persian term meaning

“Weststruck.”

Coined in the late 1940s and made a household term in Iran’s intellectual circles by writer and social critic Jalal Al-e Ahmad (1923 – 1969) in a clandestinely published book by the same name (1962, 1964), gharbzadegi signals a chief sociological notion and concern among many Iranians in the post – World War II era.

As Al-e Ahmad describes it, throughout the twentieth century Iran has resorted to “Weststruck” behavior – adopting and imitating Western models and using Western criteria in education, the arts, and culture in general – while serving passively as a market for Western goods and also as a pawn in Western geopolitics. Consequently threatened with loss of cultural, if not Iranian, identity, Al-e Ahmad argues that Iran must gain control over machines and become a producer rather than a consumer, even though once having overcome Weststruckness it will still face that desperate situation, he argues, that remains in the West – that of “machinestruckness.”

Bibliography

Al-e Ahmad, Jalal. Occidentosis: A Plague from the West (Gharbzadegi), translated by R. Campbell. Berkeley, CA: Mizan Press, 1983.

Al-e Ahmad, Jalal. Plagued by the West (Gharbzadegi), translated by Paul Sprachman. Delmor, NY: Center for Iranian Studies, Columbia University, 1982.

Al-e Ahmad, Jalal. Weststruckness (Gharbzadegi), translated by John Green and Ahmad Alizadeh. Costa Mesa, CA: Mazda Publishers, 1997.

Gharbzadegi

Persian term meaning “Weststruck.”

SAUDIS OPEN IPO’S TO FOREIGNERS

December 29, 2007 at 8:38 pm | In Arabs, Financial, Globalization, Islam, Middle East, Oil & Gas, Research | Leave a Comment

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Saudi To Open IPOs To Foreigners,

UAE Central Bank Governor,

Carlyle Group, Lafarge-Orascom

Dec 11, 2007

Zawya Weekly

Saudi To Open IPOs To Foreigners, UAE Central Bank

Governor, Carlyle Group,

Lafarge-Orascom

TOP STORY

UAE Central Bank Governor May Step Down

http://www.zawya.com/story.cfm/sidZW20071211000064/lok115126071211?weeklynewslettertext

MORE TOP STORIES

CONSTRUCTION

Lafarge Buys Orascom Cement, Boosts ME Position

http://www.zawya.com/story.cfm/sidANA341344125321/lok115300071210?weeklynewslettertext

Al Qudra Holding to Build ‘ Sana’a Towers’ in Yemen

http://www.zawya.com/story.cfm/sidWAM20071206124543250/lok082400071206?weeklynewslettertext

Orascom secures Dh3.5b Saraya project contract

http://www.zawya.com/story.cfm/sidGN_11122007_10173918/lok000000071211?weeklynewslettertext

Australia’s Leighton gets US$650M New Work In UAE

http://www.zawya.com/story.cfm/sidZW20071204000107/lok045653071205?weeklynewslettertext

FOCUS: Gulf

Cement Cos 4Q Profit Seen Strong On Building Boom

http://www.zawya.com/story.cfm/sidZW20071211000060/lok112832071211?weeklynewslettertext

REAL ESTATE

Emaar Pakistan to Open Sales for Crescent Bay

http://www.zawya.com/story.cfm/sidZAWYA20071207114119/lok114100071207?weeklynewslettertext

Dubai’s Real Estate Prices Likely to Remain High

http://www.zawya.com/story.cfm/sidGN_07122007_10173038/lok000000071207?weeklynewslettertext

Limitless to announce multi-billion project

http://www.zawya.com/story.cfm/sidZAWYA20071210033536/lok033500071210?weeklynewslettertext

Abu Dhabi To Fine-tune Real Estate Regulations

http://www.zawya.com/story.cfm/sidGN_10122007_10173760/lok000000071210?weeklynewslettertext

Saudi Real Estate To Set Up SAR1 Bln Property Finance Firm

http://www.zawya.com/story.cfm/sidZW20071209000040/lok085347071209?weeklynewslettertext

EQUITIES

Economic boom fuels IPO flames

http://www.zawya.com/story.cfm/sidZAWYA20071209071457/lok071400071209?weeklynewslettertext

Saudi to Open IPOs, Stocks for Foreigners

http://www.zawya.com/story.cfm/sidZAWYA20071210030919/lok030900071210?weeklynewslettertext

Al Qudra To Ride Confidence Wave With IPO In 2008

http://www.zawya.com/story.cfm/sidZAWYA20071209073409/lok073400071209?weeklynewslettertext

Arab Natl Bk To Up Cap To SAR6.5B In Bonus Shr Issue – Report

http://www.zawya.com/story.cfm/sidZW20071210000018/lok061041071210?weeklynewslettertext

Saudi Mkt Regulator Restructures Sectors, Index Calculation

http://www.zawya.com/story.cfm/sidZW20071211000040/lok082349071211?weeklynewslettertext

FINANCIAL SERVICES | ISLAMIC FINANCE

UK To Launch Sukuk

http://www.zawya.com/story.cfm/sidZAWYA20071210043618/lok043600071210?weeklynewslettertext

Rakia lists its first Sukuk on DIFX

http://www.zawya.com/story.cfm/sidZAWYA20071206094142/lok094100071206?weeklynewslettertext

Bahrain’s Investcorp To Set Up Investment Firm

http://www.zawya.com/story.cfm/sidZAWYA20071211045806/lok045800071211?weeklynewslettertext

Jebel Ali Free Zone FZE lists its first sukuk of 7.5 Billion Dirhams on DIFX

http://www.zawya.com/story.cfm/sidZAWYA20071207091536/lok091500071207?weeklynewslettertext

Carlyle Grp Looks At Mideast Investments Amid Oil Boom – Exec

http://www.zawya.com/story.cfm/sidZW20071210000070/lok101527071210?weeklynewslettertext

OIL & GAS

Iran, China Set To Sign Major Oil Deal

http://www.zawya.com/story.cfm/sidANA136343092930/lok082900071209?weeklynewslettertext

QIA Signs $1B Indonesia Investment

http://www.zawya.com/story.cfm/sidDN20071206006535/lok131250071206?weeklynewslettertext

Petro-Canada, Libya’s NOC To Ink 30-Year Deals

http://www.zawya.com/story.cfm/sidDN20071210002991/lok100640071210?weeklynewslettertext

Kuwait nearing first gas output from giant field

http://www.zawya.com/story.cfm/sidZAWYA20071207064532/lok064500071207?weeklynewslettertext

Conoco In Project Agreement With Qatar

http://www.zawya.com/story.cfm/sidFFT107345F104196B/lok000000071211?weeklynewslettertext

POWER AND UTILITIES

UAE Allows Pvt Investment In Water, Power Sectors

http://www.zawya.com/story.cfm/sidZAWYA20071206034525/lok034500071206?weeklynewslettertext

Saudi’s SEC Signs Contracts Worth SR3.8Bn

http://www.zawya.com/story.cfm/sidZAWYA20071209032108/lok032100071209?weeklynewslettertext

China Co Gets $940M Power Plant Contract In Iraq

http://www.zawya.com/story.cfm/sidDN20071205002449/lok084726071205?weeklynewslettertext

Adwea reverts to tender for IWPP

http://www.zawya.com/story.cfm/sidZAWYA20071209073944/lok073900071208?weeklynewslettertext

Dubai Palm Utilities Awards $800M Deal To Suez Environment

http://www.zawya.com/story.cfm/sidZW20071209000062/lok113633071209?weeklynewslettertext

TELECOM, IT & MEDIA

Arab Media Group Launches Emirates Business 24/7

http://www.zawya.com/story.cfm/sidZAWYA20071205130318/lok130300071205?weeklynewslettertext

Reality TV Coming To Dubai

http://www.zawya.com/story.cfm/sidZAWYA20071205032521/lok032500071205?weeklynewslettertext

Tatweer Acquires 30% Stake in Lammtara Pictures

http://www.zawya.com/story.cfm/sidZAWYA20071209091101/lok091100071209?weeklynewslettertext

UPDATE: Vodafone Group Wins Qatar’s Second Mobile License

http://www.zawya.com/story.cfm/sidZW20071210000087/lok124036071210?weeklynewslettertext

Samsung Wins SR1.6b Saudi Arabian Contract

http://www.zawya.com/story.cfm/sidZAWYA20071205035717/lok035700071205?weeklynewslettertext

ECONOMY & POLITICS

Saudi Firms Hike Salaries To Tackle Soaring Inflation

http://www.zawya.com/story.cfm/sidZAWYA20071206043839/lok043800071206?weeklynewslettertext

UAE Dirham Surges To 17-Year High

http://www.zawya.com/story.cfm/sidGN_29112007_10171077/lok000000071129?weeklynewslettertext

GCC To Consider Revaluation Soon

http://www.zawya.com/story.cfm/sidZAWYA20071209040644/lok040600071209?weeklynewslettertext

UAE Is the Most Attractive Expatriate Destination

http://www.zawya.com/story.cfm/sidZAWYA20071118070733/lok070700071118?weeklynewslettertext

Away From Oil

http://www.zawya.com/story.cfm/sidZAWYA20071211030837/lok030800071211?weeklynewslettertext

TOP STORIES IN OTHER SECTORS

Salik To Be Rolled Out Across Dubai

http://www.zawya.com/story.cfm/sidZAWYA20071210032910/lok032900071210?weeklynewslettertext

Hard Rock’s First Hotel in Dubai to Cost US$1 B

http://www.zawya.com/story.cfm/sidZAWYA20071207062514/lok062500071207?weeklynewslettertext

Qatar Developing QR22 Billion Deep-Sea Port

http://www.zawya.com/story.cfm/sidZAWYA20071210041448/lok041400071210?weeklynewslettertext

Landmark Hotel Launches New 4-Star Hotel Project

http://www.zawya.com/story.cfm/sidZAWYA20071205123001/lok123000071205?weeklynewslettertext

Sorouh Signs up with Movenpick Hotels & Resorts

http://www.zawya.com/story.cfm/sidZAWYA20071205064329/lok064300071205?weeklynewslettertext

ZAWYA SELECT

Jobless In ME

http://www.zawya.com/story.cfm/sidZW20071210000111/lok044740071211?weeklynewslettertext

On A Roll And A Bubble

http://www.zawya.com/story.cfm/sidZAWYA20071210031717/lok031700071210?weeklynewslettertext

Corporate State

http://www.zawya.com/story.cfm/sidZAWYA20071209101937/lok101900071209?weeklynewslettertext

Double-Digit Growth

http://www.zawya.com/story.cfm/sidZAWYA20071209040807/lok040800071209?weeklynewslettertext

IN RADIO

Rayan Salam, Portfolio Manager at Algebra Capital, discusses local markets. Salam talks about Iran, interest rates, Etisalat, the US dollar peg, the GCC common market, and the possibility of non-GCC investors to buy into certain companies here.

http://www.zawya.com/story.cfm/sidDE071210071227421468

IN MUTUAL FUNDS MONITOR

TAIB Islamic GCC Index Fund

http://www.zawya.com/mutual/mutual_funds.cfm/mid134009021207

Saudi To Open IPOs To Foreigners,UAE Central Bank Governor, Carlyle Group, Lafarge-Orascom

Dec 11, 2007

Saudi To Open IPOs To Foreigners,UAE Central Bank Governor, Carlyle Group, Lafarge-Orascom

 

Zawya Weekly newsletter@zawya.com Dec 11

Dec 11, 2007

JOURNAL 1935-1944: RUMANIAN FASCISM

December 29, 2007 at 5:02 pm | In Books, History, Judaica | Leave a Comment

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Journal, 1935-1944

by Mihail Sebastian

Mihail Sebastian was born in 1907 to a middle-class Jewish family in the Danube port of Braila; he died in an automobile accident in the spring of 1945. During the period between the wars he was well known for his lyrical and ironic plays and for urbane psychological novels tinged with melancholy, as well as for his extraordinary literary essays.

Translated by Patrick Camiller

Introduction and notes by Radu

Ioanid

SPECS: xxviii + 641 pages, 6 1/2″ x 9 1/2″

PUB DATE: 2000

KIND: hardcover

ISBN: 1-56663-326-5

PUBLISHED BY:

Ivan R. Dee in association with the United States Holocaust Memorial Museum

“This extraordinary personal diary, describing, day by day, the ‘huge anti-Semitic factory’ that was Romania in the late 1930s and early 1940s, deserves to be on the same shelf as Anne Frank’s Diary and to find as huge a readership. Sebastian is no child, however — his is a sophisticated literary mind observing in horror, and then portraying with a fluent, lucid pungency, the cruelty, cowardice, and stupidity of his worldly Gentile friends in Bucharest’s urban cultural elite as they voluntarily transform themselves into intellectual criminals and, allied with the Nazis, participate with fanatical conviction in ‘an anti-Semitic delirium that nothing can stop.”

Philip Roth

Mihail Sebastian’s remarkable diary of the fascist years in Romania, written half a century ago, was at last published only recently, and is here translated into English for the first time. Sebastian was a promising young Jewish writer in prewar Bucharest — a novelist, playwright, poet, and journalist who counted among his friends the leading intellectuals and social luminaries of a sophisticated eastern European culture. Because of Romania’s opportunistic treatment of Jews, he survived the war and the Holocaust, only to be killed in early 1945 in an automobile accident.

Sebastian’s Journal is the product of an elegant stylist who moves from theme to theme with admirable ease. It is compelling reading. The book offers not only a chronicle of the dark years of Nazism but a lucid and finely shaded analysis of erotic and social life, a Jew’s diary, a reader’s notebook, and a music lover’s journal. Above all, it is a measured but blistering account of the “rhinocerization” of major Romanian intellectuals who were Sebastian’s friends, including Mircea Eliade and E. M. Cioran, writers and thinkers who were mesmerized by the Nazi-fascist delirium of Europe’s “reactionary revolution.” In poignant and memorable sequences, Sebastian touches on the progression of the machinery of brutalization and on the historical context that lay behind it.

Journal is a much greater literary achievement than similar diaries from the Nazi period. Sebastian vividly captures the now-vanished world of prewar Bucharest, known affectionately at the time as “little Paris.” Under the pressure of hatred and horror in the “huge anti-Semitic factory” that was Romania in the years of World War II, his writing maintains the grace of its intelligence.

When Journal was first published in Romania in 1996, it aroused a fury in Eastern Europe, where appraisals of the Nazi period have been frozen in the clichés of old Communist regimes. The book has generated an explosive debate about the nature of Romanian anti-Semitism and Romania’s role in the Holocaust — which the country’s leading intellectuals continue to downplay. But Sebastian’s writing transcends this debate. It stands as one of the most important human and literary documents to survive from a singular era of terror and despair. From the book jacket.

SERIALIZED IN THE NEW YORKER

SHORTLISTED FOR THE PEN/BOOK-OF-THE-MONTH CLUB TRANSLATION PRIZE

SHORTLISTED FOR THE WINGATE LITERARY PRIZE

“Like all great works, Mihail Sebastian’s Journal generates its own actuality. Discovering and reading it today, more than a half a century after it was written, is a shattering and overwhelming experience….What is particularly admirable in this diary is Mihail Sebastian himself: he cannot help remembering that these fascists have been his former friends during their common youth, and he is able to feel sorrow when one of them dies. Even when he is himself marked and hunted, even when his own life is at stake, even when the horror culminates in the massacre at Jassy, even when he is beyond disgust and revulsion, he never loses his sense of justice, nor his humanity. He remains through and through a Just.”

Claude Lanzmann

“Sebastian’s Journal proves to be one of the most important testimonies of the Jewish tragedy during that period, comparable to Primo Levi’s Survival in Auschwitz or the diary of Anne Frank. Unlike Levi and Frank, who write from inside Hell, portraying life in the concentration camps or in hiding, Sebastian writes with honesty and analytic acuity from the purgatory of his own room in Bucharest, where he lives with the impending danger of deportation and death, questioning the moments of ease that his provisional freedom allows him: the enjoyment of music, of love affairs, of reading books, writing, or learning English.”

New Yorker

“This book is alive, a human soul lives in it, along with the unfolding ghastliness of the last century, which passed an inch away from Sebastian’s nose. His prose is like something Chekov might have written—the same modesty, candor, and subtleness of observation. Here is a life, and an absurd death, whose spell will last a long time.”

Arthur Miller

“An extraordinary testimonial….The sickening coziness of artistic and political worlds in fascist Romania is caught in the very process of ‘rhinocerization,’ to use Eugen Ionesco’s famous coinage….Sebastian’s Journal is an uncomfortable and convincing reminder that the Romanian, indeed European, intellectual milieu still has something morally rotten at its core. This book rises from the debris of pre-war verbiage like a man from a pile of corpses.”

Andrei Codrescu

“Remarkable…a greater literary achievement than Klemperer’s. Today, more than a century after it was written, Sebastian’s Journal stands as one of the most important human and literary documents of the pre-Holocaust climate in Romania and Eastern Europe, of the conditions in which the Judeocide could be unleashed.”

Norman Manea

Mihail Sebastian was born in 1907 to a middle-class Jewish family in the Danube port of Braila; he died in an automobile accident in the spring of 1945. During the period between the wars he was well known for his lyrical and ironic plays and for urbane psychological novels tinged with melancholy, as well as for his extraordinary literary essays.

FINANCIAL RISK TAKING: DALLAS FED

December 28, 2007 at 7:28 pm | In Economics, Financial, Globalization, Research | Leave a Comment

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Dallas Fed

Federal Reserve Bank of Dallas

From Complacency to Crisis:

Financial Risk Taking in the Early

21st Century

Fri 12/28/07

“From Complacency to Crisis: Financial Risk Taking in the Early 21st Century”

Economic Letter Vol. 2, No. 12

December 2007

Federal Reserve Bank of Dallas

pubs@mail-list.com on behalf of Dallas Fed Publications

dal.webmaster@dal.frb.org

======================================================

http://dallasfed.org/research/eclett/2007/el0712.html

The abrupt transition from high to cautious levels of financial risk taking will present a challenge to short- and medium-term economic growth. However, an eventual return to more sustainable risk taking should be healthy for long-term economic growth.

——————————————————————-

Federal Reserve Bank of Dallas

http://dallasfed.org/pubs/e-sub/e-pubs.html

We welcome your comments, questions and suggestions.

e-mail dal.webmaster@dal.frb.org

Dallas Fed

From Complacency to Crisis:

Financial Risk Taking in the Early 21st Century

pubs@mail-list.com on behalf of Dallas Fed Publications

dal.webmaster@dal.frb.org

Fri 12/28/07

BANK FOR INTERNATIONAL SETTLEMENTS REVIEW NO. 151 2007: GLOBALIZATION

December 28, 2007 at 4:34 pm | In Economics, Financial, Globalization, Research | Leave a Comment

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BIS Review

Bank for International Settlements

BIS Review No 151 available

Fri 12/28/07

Please find BIS Review No 151 attached as an Adobe Acrobat (PDF) file.

Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 151 (28 December 2007)

Jean-Pierre Roth: The position of the Swiss franc exchange rate in the Swiss National Bank monetary policy strategy

Jean-Claude Trichet: Hearing at the Economic and Monetary Affairs Committee of the European Parliament

Stanley Fischer: The Israeli economy, its banking system and Basel II

Rundheersing Bheenick: Thinking globally, banking locally, and branching out…

Rundheersing Bheenick: Bank of Mauritius – brief review of activities in 2007

________________________________

please e-mail press.service@bis.org.

BIS Review

Press, Service (Press.Service@bis.org)

Fri 12/28/07

Publications, Service (Publications@bis.org)

Bank for International Settlements

BIS Review No 151 available

Press, Service (Press.Service@bis.org)

Publications, Service (Publications@bis.org)

Fri 12/28/07

ISLAMIC FINANCE IN JAPAN: IIMA TOKYO

December 28, 2007 at 9:39 am | In Economics, Financial, Globalization, Islam, Japan, Research | Leave a Comment

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INSTITUTE FOR INTERNATIONAL

MONETARY AFFAIRS JAPAN

Update of IIMA Web site

PUBLICATIONS No. 16, 2007

(issued on December 27th in English)

“The Introduction of Islamic Finance in Japan:

Possibilities and Issues”

by Hideki Nukaya, Senior Economist, Emerging

Economy Research Department

IIMA No.15, 2007

(issued on December 27th in English with

Japanese summary)

Fri 12/28/07

The “mission” of our Institute for International Monetary Affairs is to provide high quality information, and to present opinions or policies relating to international finance and monetary issues.

We believe that there are three steps by which to achieve these goals:

First, conducting research activities of superior quality, involving various people and institutions, both domestically and abroad.

Second, actively promoting dialogue and exchanges of knowledge, based on our research activities.

Third, disseminating accumulated knowledge and analysis to the public.

We hope your continued support, so that we may better achieve our mission.

Toyoo Gyohten, President

Symposium on May 6, 2007

“Towards Regional Prosperity in Asia” -How can Japan and other Asian countries contribute to enhancing regional financial markets?-

IIMA held a sponsored seminar with Mitsubishi UFJ Financial Group (MUFG) on May 6th, 2007, at the 40th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) held in Kyoto, Japan.

In this seminar, prominent panelists discussed the future direction of the regional financial markets and Japan’s contribution to their orderly development and economic prosperity, based on the past regional financial cooperation after the Asian crisis.

Dear Guests of IIMA,

We are pleased to inform you that our website was updated on December 27, 2007.

The main new contents are as follows. –

PUBLICATIONS No.16, 2007

(issued on December 27th in English)

“The Introduction of Islamic Finance in Japan: Possibilities and Issues” by Hideki Nukaya, Senior Economist

Emerging Economy Research Department, IIMA No.15, 2007

(issued on December 27th in English with Japanese summary)

Reviewing Clearing, Settlement & Custody in the Asian Region: Regional Perspective“ by Masato Miyachi, Senior Advisor, Office of Regional Economic Integration (OREI), Asia Development Bank

Please visit our website to find new useful information.

http://www.iima.or.jp/english.htm

Sumino KAMEI (kamei@iima.or.jp)

admin@iima.or.jp

With best wishes for the New Year,

Update of IIMA Web site

Sumino KAMEI (kamei@iima.or.jp)

admin@iima.or.jp

http://www.iima.or.jp/english.htm

Fri 12/28/07

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