Friday, May 2, 2008

Is there a military solution in Afghanistan?





Transcript:

ZAA NKWETA, PRESENTER: As the war in Afghanistan continues, an independent panel report on Canada's future role in Afghanistan was released today. The key recommendations include a stronger diplomatic position regarding Afghanistan, continuing responsibility for security in Kandahar beyond 2009, with increasing emphasis on training the Afghan national security forces, a thousand additional NATO or allied soldiers, and increased commitment by the Canadian government to bilateral project assistance. If Canada does not receive additional equipment or help from its NATO allies and the Canadian government, the recommendation is for Canadian forces to be withdrawn. To further analyze the situation, we go to the Real News Analyst, Eric Margolis.

PAUL JAY, SENIOR EDITOR: So, Eric, the Canadian Independent Panel on the Future of Canada's Role in Afghanistan reported, after three months of arduous work, and interviewing many people, and visiting Afghanistan, they seem to have said, “We're going to keep doing exactly what we're doing.”

ERIC MARGOLIS, THE REAL NEWS ANALYST: This report, it struck me as having been written before the whole Manley commission, it was already decided, and they wasted a lot of taxpayers' money flying around and meeting to produce just what the government wanted them to say. And that is a validation of current government policy in Afghanistan. The Conservatives--Mr. Harper has hung his political hat on this little war, as has President Bush. And he desperately needs somebody not only to validate it, but also to open an exit door for him in case Canada wants to skedaddle out. And the obliging Mr. Manley did both.

JAY: I'm going to play a clip for you. Here's what Mr. Manley said in the press conference about what they make of the current situation in Afghanistan, what he calls the tough facts.

(CLIP BEGINS)

JOHN MANLEY: We have tried, perhaps to some people's discomfort, to be brutally frank in the assessment that we have included in our report. We don't believe that Canadians need sugarcoating on what's going on, and that's why we have said the security situation in Kandahar seems to be deteriorating, not improving. This is tough. If it's tough, that's not a reason not to be there. But we think Canadians are quite prepared to undertake things that are tough, things that are difficult, things that are dangerous, but we've got to give them the facts.

(CLIP ENDS)

Eric, this tough fact which seems to be a revelation to the panel is something anyone that's observed the situation in Afghanistan has known for quite some time, that the situation's getting worse. Here's what The Washington Post said: [text on screen] “The Bush administration's decision to dispatch an additional 3,200 Marines to Afghanistan raises the question of whether NATO's participation in the war has been a failure.” “Mr. Gates and other Pentagon officials seem to have concluded that the three NATO countries that have been willing to operate in the South, Britain, Canada, and the Netherlands, have been relatively ineffective.” “ The Pentagon believes they are too averse to casualties, too reluctant to patrol, and too dependent on artillery and air strikes”; and that “British troops [are criticized] for failing to retain control over areas taken from the Taliban and for advancing a ‘colonial’ strategy of backing local militias rather than working with the national Afghan army.” (Washington Post, January 17, 2008.) The strategy seems to be “There is a military solution, and it's up to us to do it.” What do you make of that, and what do you make of the Manley report in that context?

MARGOLIS: The addition of a few thousand more US marines, and even the retention of Canadian troops, or adding a couple of more thousand NATO troops is not going to make a difference in this war. One has to look at the facts and say that if 160,000 very brutal Red Army troops backed by a “Afghan national communist army” of about another 200,000 could not suppress the Pashtun tribes, it's unlikely that a NATO force of only 50,000 with a few mercenaries thrown in is going to be able to do so. If the Taliban today had shoulder-fired anti-aircraft weapons such as the US gave to the Mujahideen, the continued US-western-Canadian role in Afghanistan would become untenable, because the only way western forces can operate there is through massive applications of air power and bombing, and this is due to their small numbers. But nevertheless the western forces are not numerous enough, nor well led enough, to be able to impose a military solution that would lead to the desired political solution, which remains completely elusive.

JAY: Is there really a military solution in Afghanistan?

MARGOLIS: No, there isn't. The West is not going to win this war. In fact, when I was in India in the spring, I was advised at the very highest level that the prime minister's office in India had concluded after a lot of study that the western powers, NATO, would be defeated in Afghanistan and would eventually pull out. Pakistanis share a similar view. There is no military victory in a guerrilla war like this. And the only solution is to bring the Pashtun tribes of southern Afghanistan and Taliban and its allies into the political process. Right now they have been largely excluded. The government, the US-imposed government is made up of Tajik and Uzbeks, ethnic minorities, and it's up to its turbans in drug dealing, controlling 90 percent of the world's heroin trade. This is an unacceptable situation. It can't continue. And until there's political inclusion in Afghanistan, there will be no peace or stability. [inaudible] deals with ugly regimes around the world. I can assure you that places like Syria, Egypt, Morocco, Uzbekistan, Tajikistan are certainly uglier regimes even than Taliban in many ways, yet we're perfectly happy to deal with them. The point is that we have painted ourselves into this corner. We've got to get out of it. Ottawa's done the same thing too, and it needs to broaden its horizons.

JAY: Given the phobia of looking weak in the United States, one does not expect any of these presidential candidates to be able to even discuss the possibility of a negotiation with the Taliban, particularly Mullah Omar. So what we're likely to see is in fact some kind of buildup, some kind of a continued surge strategy in Afghanistan.

MARGOLIS: Yes, definitely, particularly as the US gets nowhere in Iraq. Even though the government has convinced Americans that things are going swimmingly in Iraq, they're not. There will be a tendency to go to and fight in Afghanistan, certainly some pressure from the military. But you're right. Any calls for negotiations will be met with a barrage of calls saying, “You're being soft on Muslims, you're being soft on Islamic terrorism,” which is the modern equivalent of being soft on the Commies from the 1950s and '60s. And it's just not possible in an election year, certainly not possible for Barack Obama. For him it would be the kiss of death.

JAY: Is it a possibility that a McCain could do such a thing?

MARGOLIS: More possible than an Obama. But Senator McCain, who I respect a lot, has shown a very extreme right-wing, very hard-line view on foreign policy that may even be further hard-line, further to the right than President Bush's.

JAY: And Hillary?

MARGOLIS: Hillary is oozing in so many different directions it's very hard to tell what her position is. But she might in fact be able to craft some kind of under-the-table talks with Taliban and be able to live through the experience.

DISCLAIMER:

Please note that TRNN transcripts are typed from a recording of the program; The Real News Network cannot guarantee their complete accuracy.

Thursday, May 1, 2008

Tuesday, April 29, 2008

Thursday, April 17, 2008

Hindsight is 20/20 - how israel duped US into fighting their wars

By now, it should be glaringly obvious to everyone that US foreign policy in the Middle East is directed by - and for the benefit of - israel.

But, just in case - here's a blast from the past, for those whose miniscule minds need further convincing . . .

Title: Netanyahu: U.S. should attack Iran with TV
Published: Sep 12, 2002 [!!!]
Author: By P. Mitchell Prothero
A former Israeli prime minister Thursday called upon the United States to effect regime change in both Iraq and Iran, prescribing a military invasion to topple the government in Baghdad and the transmission of ribald television programming via satellite into Persia, where he said the influx of pop culture would prove "subversive" to the conservative Islamic regime.

Citing the hundreds of thousands of satellite television dishes in Iran, Benjamin Netanyahu told the House Government Reform Committee that the United States could incite a revolution against the conservative Iranian clergy through the use of such Fox Broadcasting staples as "Melrose Place" and "Beverly Hills 90210" -- both of which feature beautiful young people in varying states of undress, living, glamorous, materialistic lives and engaging in promiscuous sex.

"This is pretty subversive stuff," Netanyahu told the committee. "The kids of Iran would want the nice clothes they see on those shows. They would want the swimming pools and fancy lifestyles."

Hey - what's good for US is good for them, right?

But the more pressing issue to Netanyahu is Iran's neighbor, Iraq, which he said was dangerously close to developing weapons of mass destruction -- and would not be susceptible to subversion.

'We must kill those whose minds we can't control.'

"We understand a nuclear armed Saddam places Israel at risk," he said. "But a nuclear armed Saddam also puts the entire world at risk."

Sound familiar? It should.

"After Saddam gets a nuclear weapon, it is only a matter of time before the terror networks get nuclear weapons,' Netanyahu warned. "And they will use them if they get them."

Netanyahu said that the 1981 attack by Israel on an Iraqi nuclear facility was justified and implied that it's success hinged on just the kind of unilateralism that President George W. Bush's Thursday speech to the United Nations appears to abjure.

"Did Israel launch this pre-emptive strike with the coordination of the international community?" Netanyahu asked. "Did we condition such a strike on the approval of the United Nations? Of course not."

What a stupid question!

Burton's statements reflected more respect for the administration's coalition building efforts than Netanyahu's, but he did note that in the face of failing to develop such support for an invasion, he too supported a unilateral attack.

"This morning the president made a strong case for taking action. Now we need to see how the world responds," Burton noted. "I hope that our friends and allies around the world will join us. I hope that we can assemble a strong coalition that will stand up to this dangerous regime. However, if we can't, my view is that we have to do what's in our own best interest. If we determine that Saddam Hussein is a serious national security threat, then we have to act -- alone if necessary."

Netanyahu's rhetoric, at least the military invasion portion of his testimony, found a warm reception from committee Chairman Dan Burton, R-Ind., who said that finishing the war on terror with the occupation of Afghanistan without attacking Iraq would leave the job half done.

After all, they do pay us to (send others to) fight their wars.

"One of the unfinished pieces of business we have is Iraq," Burton said. "In my opinion, this is a problem we can't continue to ignore. Saddam Hussein is a menace. He has chemical weapons. He has biological weapons. He's working hard to acquire nuclear weapons. He's used chemical weapons in the past. We should have no doubt that he'll use them again. And if he succeeds in developing nuclear weapons, we could have a catastrophe on our hands."

Why settle for the risk of catastrophe, when you can invade and guarantee catastrophe?

But Ohio Democrat Dennis Kucinich was not as supportive of Netanyahu's calls for war. In a terse exchange that occurred before the former prime minister laid out his "Iran Strategy," Kucinich asked him for additional suggestions for places to invade.

"While you're here, Mr. Prime Minister, are there any other countries besides Iraq that you would suggest that we invade?"

Enough said. israel isn't the 51st state of America.

It's the other way around.

Comparison between Tun Razak & Tun Mahhathir


Monday, April 14, 2008

DSAI interview with Staronline



Thursday, April 10, 2008

'Petraeus & Crocker beating Iran war drum'

NO US MILITARY WITHDRAWAL, ON THE TABLE

WASHINGTON (CNN)
-- The top U.S. officials in Iraq told Senate committees Tuesday that Iranian agents and weapons are fueling the ongoing strife there and that further U.S. troop withdrawals will have to wait.


They will report on the progress following the troop surge beginning a year ago by sending another 30,000 US troops into the war-torn country.

Democrats are calling for further troop cuts in and around Baghdad blaming the Bush administration for ignoring a rising Taliban insurgency in Afghanistan in need of more troop deployments.

The Bush administration is seeking $100 billion between now and September to continue the fight in Iraq and is to seek a 'pause' in a series of troop withdrawals that began last fall.

Petraeus: Basra fighting to last months

Thu, 10 Apr 2008 04:32:49

Gen. David Petraeus (L) and Ryan Crocker
Iraqi Prime Minister Nouri al-Maliki's crackdown on gunmen in Basra is expected to last months, the US Army commander in Iraq says.

  • BLACKWATER contract renewed : Story Highlights
  • Blackwater guards shot and killed 17 people in disputed incident
  • FBI investigating Blackwater; contract will be reviewed afterward
  • Contractors protect diplomats, reconstruction workers, government officials
  • Security contractors have immunity from Iraqi law

  • Iraqi official: Blackwater staying on 'is bad news' : Story Highlights
  • Iraqi official: Iraq's investigation found that "Blackwater committed a crime"
  • Iraqi government displeased contract was renewed, top adviser says
  • Blackwater guards killed 17 Iraqis, including women and children, in September
  • Thousands of contractors provide security for U.S. diplomats, workers



Wednesday, April 9, 2008

Datuk Salehuddin Dilantik Setiausaha Agung Baru

Kini masanya untuk memperkukuh jentera parti dan berkhidmat kepada rakyat. Semua Ahli Parlimen bersama Ahli DUN dikehendaki menumpukan perhatian di kawasan yang mereka wakili selain daripada tugas lain di peringkat negeri dan pusat.

MPT bersetuju dengan perlantikan Datuk Salehuddin Hashim selaku Setiausaha Agung baru menggantikan Tan Sri Khalid Ibrahim yang kekal selaku ahli Biro Politik (ex-officio) dan Pengerusi Perhubungan Selangor.

Timbalan Setiausaha Agung selain Abdul Halim dan Suzana adalah Genabala dan Jonson.

Semua pimpinan utama ditugaskan dengan tanggungjawab khusus dan akan diumumkan kemudian.

Di sebelah petang saya bersama majlis tahlil di rumah arwah Pak Lang Zaki dan di sebelah malam ke rumah Dr Idris, Ketua Bahagian Segambut.

ANWAR IBRAHIM



Tuesday, April 8, 2008

iraq war objectors & deserters



US Army deserters from Iraq war



Friday, April 4, 2008

Civil War in Iraq - Shia Vs Shia

The Riz Khan Show asks if Iraq is on the verge of a new civil war. Part 1.



The Riz Khan Show asks if Iraq is on the verge of a new civil war. Part 2.

Friday, March 28, 2008

A caretaker government has limited power, says don


The Star -

KUALA LUMPUR: The Malaysian system follows a longstanding constitutional convention where the government of the day will assume the role as caretaker government during the interim period when Parliament is dissolved.

Universiti Teknologi Mara’s Law Professor Dr Shad Saleem Faruqi said the Constitution was silent on the appointment of a caretaker government or whether the government of the day must resign after calling for elections or the Yang di-Pertuan Agong must appoint a caretaker government for the interim period.

“The Constitution does not spell out the role of the caretaker government, how it functions its duty, whether it is simply to perform the basic essential functions or possesses the normal powers of a government.

“It relies on the Commonwealth convention, that the government does not have to be reappointed once Parliament is dissolved,” he said.

However, by convention the caretaker government should not make any politically controversial decisions such as making appointments or dismissals in key posts, make important policy decisions, implement new laws or commit the incoming government into any expenditure, Dr Shad said.

During the interim period which includes election campaigning, members of the caretaker government must not use their position, government machinery or funds for partisan or political advantage.

Dr Shad added that when the Commonwealth rule was not strictly followed, the question of remedy arose.

He said the King had the power to appoint a new government during the interim period, and if the Prime Minister abused his power, the King may decline to listen to his advice.

“But this is usually in extreme circumstances and the King will usually let the Prime Minister rule the country just as during his term,” he said.

The courts, he said, could not do much to stop the caretaker government from making important policy decisions. “This is because there is no law that permits the government and no law that forbids it either,” he said.

Hence, Dr Shad said the role and function of the caretaker government was more of a question of constitutional and political ethics.

“It is an unwritten convention of the Constitution. It’s about wisdom and political morality and the caretaker government should not push its power too far,” he said.

Dr Shad said that in some Commonwealth countries such as India, the Election Commission was very powerful, citing former prime minister Indira Gandhi who was barred from Parliament for using the official machinery for partisan purposes.

He said Bangladesh was one Commonwealth country that amended its Constitution to make things right.

Its Cabinet and prime minister must vacate their posts upon dissolution of Parliament and a neutral caretaker government appointed by the president.






Wednesday, March 26, 2008

UMNO Punya Spin

Seterusnya, renungkanlah komen seorang pelayar blog ini dengan nama Hang Aku, mengenai apa yang sedang berlaku di Terengganu sekarang, seperti berikut:

Bandingkan dan fikirkan wahai orang yang berfikir:

1) DAP biadap kerana cuba boikot majlis angkat sumpah MB Perak. Tapi, UMNO tak biadap bila nak boikot majlis angkat sumpah MB Terengganu?

2) Datuk Ahmad Said (Terengganu) akan dipecat kerana langgar watikah Presiden UMNO. Tapi, Datuk Md. Isa Sabu (Perlis) tak dipecat kerana isu yang sama?

3) Zam (Datuk Seri Zainuddin Maidin, Kedah) diselar oleh pemimpin UMNO kerana komen yang dikatakan tidak benar pasal pembaziran wang dan usaha keras untuk menawan Kelantan. Tapi, Ku Li disuruh rampas Kelantan sebelum cabar Presiden UMNO kerana dikatakan banyak wang dan usaha yang telah digunakan untuk menawan Kelantan tapi gagal. Bazir dan guna...macam sama je maksudnya?

4) Kerajaan baru Perak dikatakan tiada muafakat kerana bertelagah untuk memilih Exco. Tapi, kerajaan Terengganu nak dapat MB pun payah?


- Hang Aku: 8:40 PM

Monday, March 17, 2008

OLD "WISE" OWLS OR WOLF ASKING FOR AN SGM

Tan Sri Tengku Razaleigh Hamzah, had written a letter to all cawangan UMNO proposing to have a Special General Meeting (SGM).

So far news reaches us that there were some positive response to the call from Johore UMNO Youth, below are copies of the said letters.

Klik untuk saiz besar


Foto





Foto

Tun Dr Mahathir di belakang move politik Ku Li?

But it seems that they are still in the 60's mode of thinking, stressing on UMNO to lead the racial
based coalition that Malaysian felt proven no longer able to be even as good as Tun Razak's time in terms of social justice and the rakyat need based emphatic policies.

The expired NEP in 1990, was just left to go on till today as "slogans" to camouflage the robbing of the Nation's wealth and be pocketed by selected political elites and their circles. These "lucky" elites of all skin colours holding high posts and positions in political hierarchy, government bureaucracies and as business owners. The Nation were tricked into believing that the NEP is still on while there were no major definitive actions to enforce it. Talks of New Development Policy was once heralded. Vision 2020 and the Industrialisation programs leads to wealth being concentrated and circulated more and more in the hands of the few reducing others only to be mere spectators in their own mother land.

Ku Li and Dr Mahathir especially, are they not the pace setters in these ugly affairs. If so, they are part of the problem. Can they be part of the solution now! Will Dr Mahathir in the process allows his closet to be bared to the public eyes to see all the skeletons and whatever he had left behine to rot in this beloved nation of our. But they said politics is the art of the impossible!


Friday, March 14, 2008

Surat untuk PM dari MP Jerlun

Mukasurat 1/2

Klik untuk saiz besar


Mukasurat 2/2

sumber : klpos & http://bigdogdotcom.wordpress.com/

Thursday, March 13, 2008

Wishlist after GE 12 for Malaysia.

1. My first wish is that we stop the Din Ilahi wannabe. In the history of Islam, names were called on some factions of Muslims, but the faction never call them any thing other than Muslims. Can some body please please stop calling themselves Islam Hadhari?

2.. Stop generalizing the golden age of Islam as the period of "monarchy", most were wrongly guided and some are very oppressive, though their knowledge base were high and it was a period of abundance. Special program to educate Malaysians.

3. The opposition to tie their lose ends and form a Barisan Rakyat ( BR ) and stand as one in the next election with one symbol, though for Kelantan, Perlis, Kedah and Trengganu it can be ( BR - same symbol ) limited to PAS - KeADILAN pack.

4. Use the alternative media to highlight their real "economic status" as what actuallyhappened to Kelantan when PAS first take over. That BA / BR cannot honour their Manifesto promises because they were unable to rule Malaysia ie Majority MPs in Parliament. Present the real "economic state" of the states BR inherited from BN, such as Federal and External Debts.

5. Join forces for states under opposition to explore further wealth of each state like Natural Gas in Kelantan - to fund development and create a welfare state scheme in these states. ( Got to check the federation agreement ), BR do not inherit rich states like (Trengganu, Sarawak or Sabah.) Except for Penang and Selangor - surviving as an Industrial State.

6. Control influx of foreign labour and Organised labour sharing scheme for the states under BR.

7. Organized and synchronized development ( not limited to economy ) for all states under BR.

8. Form a special coordinating assembly / Committee to realize the above goals.

9. Emphasis must be given to educate ( the same government servants down the line, the ones who run day-to-day operations ) and eradicate bad and corrupt practices that had prevail for the many years, within the bureaucracy.

10. Adopt a transparent tender & award processes for Government projects based on merits . No more direct negotiable contracts and adopt two stage tendering to evaluate technical & commercial proposals for Design & Build or PFI contracts.


Tuesday, March 11, 2008

Parti-parti dalam Parlimen selepas PRU 12

BN 140 comprising of the following -

Negeri-negeri Semenanjung
UMNO - 64
MCA - 17
Gerakan - 2
MIC - 3

Wilayah Persekutuan:
UMNO Setiawangsa & Putrajaya - 2
UMNO Labuan - 1

The Sabah/Sarawak parties:
UMNO - 10
PBB - 14
SUPP - 6
PBS - 3
PBRS - 1
PRS - 6
UPKO - 4,
SPDP -- 4
SAPP - 2
LDP - 1`

The opposition 82 Consists of:
PKR - 31
DAP - 28
Pas - 23

Monday, March 10, 2008

Ku Li Press Statement

Press Statement on the Outcome of the 2008 General Election
Source : Super Admin
Monday, 10 March 2008

Barisan Nasional has been defeated and shamed on a scale without precedent in our history. Alongside losing our 2/3rds majority in Parliament, we have lost a record number of states to the Opposition, including the premier state and the home state of the Prime Minister.

This is not just a blow to BN and to UMNO but to the nation as a whole. We now face a period of uncertainty such as we have never experienced before. BN and UMNO's legitimacy and strength have been the bedrock of national unity and of Malaysia's successful development since Independence. All this is now in question.

The Malaysian electorate's rejection of BN in key areas has serious consequences on our ability to execute our national development plans. We have won enough seats to form a federal government by simple majority, but because of our losses, including our stunning defeat in the Malay heartland states of Kedah and Kelantan, people are now saying that UMNO has lost its legitimacy to represent the Malays. The other Barisan component parties have already lost their leadership role as representatives of the other major races of this country.

This is a historic crisis, and we must face it without further denial, self-deception or media spin.

The honesty with which we interpret this result, and the decisiveness with which we act on it, will determine whether we still have a future with the people.

To begin immediately the process of restoring ourselves, the leadership team must wake from its slumber, face the truth and accept full responsibility for this debacle.

YBM Tengku Razaleigh Hamzah

Member of Parliament Gua Musang

Ketua Bahagian UMNO Gua Musang


Sunday, March 9, 2008

Mahathir blames Abdullah for election loss

Sun, 09 Mar 2008 11:20:34
Ex-Malaysian premier Mahathir Mohamad

Ex-Malaysian premier says his successor Abdullah Ahmad Badawi has 'destroyed' the ruling coalition after disastrous weekend elections.


Malaysia's former prime minister Mahathir Mohamad, who led the ruling United National Malays Organization (UMNO) which helms the Barisan Nasional coalition (BN) for 22 years before stepping down in 2003, lashed out at the worst-ever electoral performance by the ruling coalition.

"In my view, Abdullah has destroyed UMNO, destroyed the BN and he has been responsible for this," Mahathir told reporters Sunday.

He also suggested that Abdullah resign, and said he had made a mistake in selecting him as prime minister.

Mahathir has previously said he never intended for Abdullah to serve more than one term, and that he should have opted instead for influential deputy prime minister Najib Razak who is now leader-in-waiting.

The Barisan Nasional suffered its worst ever result in Saturday's polls with opposition Islamic and reformist groups winning control of five states.

Abdullah's multi-racial national front coalition won just a simple majority in parliament, and his future as leader is in doubt after he saw a record parliamentary majority from the last election in 2004 collapse to the weakest level ever.

Abdullah was Mahathir's hand-picked successor when he stepped down, but after the new leader dumped several of his pet projects, Mahathir began launching accusations of economic mismanagement, nepotism and corruption.

HE/BGH

Saturday, February 16, 2008

Doing Away with the USD

OPEC considers dumping US dollar
Fri, 15 Feb 2008 16:55:38
Organization of Petroleum Exporting Countries plans to discuss a proposal by Iran and Venezuela to price oil in non-dollar currencies.

Finance minister of the group, which supplies 40 percent of the global crude demand, will meet to study the proposal, the organization's President Chakib Khelil said.

Khalil, however, did not say when the ministers are scheduled to discuss the proposal amid the ongoing depreciation of the dollar.

The idea floated by Tehran and Caracas since the dwindling dollar fallen 16.2 percent against a basket of major currencies since two years ago.

Iran, the OPEC's second largest exporter, has already cut all of its ties with the greenback with respect to oil transactions.

Qatari Prime Minister Sheikh Hamad bin Jassim Al Thani had also said earlier that amid concerns about the weakness of the US dollar in recent months, the oil-rich Persian Gulf littoral state would shift Qatari riyal from the US currency over the next six months.

"The dollar lost a lot of value and energy worldwide is priced in the dollar, so all the producers are affected by the development on the dollar. This is a cycle so we have to live with it," Abdullah Bin Hamad Al-Attiyah said.

The UAE is also likely to follow the lead, as Kuwait did last May.

MK/MMN


Iran Oil Bourse may use Russian ruble
Fri, 15 Feb 2008 22:20:26
The Russian national currency, ruble, is an option for dealings at the Iran Oil Bourse, set to be launched soon, an Iranian official says.

"We are seeking to launch an oil exchange in Iran selling the crude in currencies other than US dollar. It is possible that in the future, we'll be able to use the ruble, Russia's national currency, in our operations," the Iranian Ambassador to Moscow Gholam-Reza Ansari noted.

"Russia and Iran, two major producers of the world's energy, should encourage oil and gas transactions in various non-dollar currencies, releasing the world from being a slave of dollar," he added.

The world's fourth-largest oil producer is to open its long-awaited oil exchange this weekend.

The Oil Bourse is supposed to trade oil products in non-dollar currencies and many analysts believe that it could be a blow to the already declining greenback.

Russia's first deputy Prime Minister Dmitry Medvedev also said on Friday, that Moscow should take advantage of the rising weakness of the greenback to make the ruble a regional reserve currency.

"Today the global economy is going through uneasy times. The role of the key reserve currencies is under review. And we must take advantage of it," Medvedev said in Siberian city of Krasnoyarsk.

"The ruble will de facto become one of the regional reserve currencies."

MK/MMN


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