Archiv für den Tag 17. August 2011
Bloomberg: “Pakistan plans to borrow $300 million from local banks to build a pipeline that will carry natural gas from neighboring Iran, easing its worst energy crisis that is curbing economic growth. Local state-owned companies will provide about $210 million in equity for the $1.3 billion pipeline, said Mobin Saulat, acting managing director of Inter State Gas Systems Ltd., the agency responsible for the project. … Domestic funding is crucial because U.S. and international sanctions against Iran, imposed over concerns that the country is trying to build nuclear weapons, are likely to block Western and multilateral funding. Pakistan is pursuing the Iranian gas deal as its ties with the U.S. have come under strain this year following a seven-week standoff over Pakistan’s detention of an American CIA contractor who had killed two Pakistanis, and the May assault by American forces that killed al-Qaeda leader Osama bin Laden in the Pakistani town of Abbottabad.” http://t.uani.com/oyr7uS
1332 GMT: Currency Watch. Mehr reports that the Minister of Economy willbe summoned by Parliament to report on the reasons for a sudden weaking of the Iranian toman against foreign currencies and subsequent inflation.
According to Mehr, the official rate is 1059 tomans to the dollar but the free market rate is 1177:1. Gold prices are also continuing to rise.
Mahmoud Ahmadinejad wants to give Iran the bomb to secure his legacy–but his domestic opponents don’t want to see him succeed
In about a month, Iran’s firebrand president Mahmoud Ahmadinejad will once again fly to New York to attend the opening of the UN General Assembly. Being the lightning rod that he is, there are sure to be vehement protests and massive public outcry over his mere presence, much less whatever vile exhortations he has in store for us this year. Although this particular stage drama has become predictable over the last six years, now there is a new twist: Ahmadinejad’s near-total political impotence back home in Iran.