Increasing global demand for energy, especially in light of rapid economic growth in China and India, as the more important issue of energy security. However, the flip side of the coin also shows that the climate change and heating become global political and economic issues. In light of the uncertainty of the future of nuclear energy, it appears that we should not venture to be resolved alternative energy sources replace carbon fuel derivatives.
He said Lord Simon, the former president of the British Petroleum company, during the discussion on energy within the leadership summit "that it is vital to change use patterns. That will require incentives and balances. However, there are many politicians who are willing to apply it. " He added that governments attempt to encourage investment in environmentally friendly technologies, instead of resorting to support prices of fuel derivatives. He cautioned attendees to the need for attention to the sources of biofuels concern with the need to develop other forms of transport clean, while it is expected to face sugar cane and wheat stiff competition from the food industry .

Normally Khalid Bin Mohammad Algosaibi, Minister of Economy and Planning said that what was published in the newspaper "economic" in the 5087 in the light of what the speakers at the crossroads "housing problem: reality and Treatments" yesterday, the proportion of between 22-25% of Saudi citizens those who own private houses is not accurate and not based on the statistics from official sources.
The minister pointed out in response to what was stated, that the percentage of families Saudi Arabia, which possesses private houses is demonstrated by the research findings of the demographic statistics public interest during the first half of the year (2007) of 62%.
The Minister of Economy and Planning said that the government of the Custodian of the Two Holy Mosques, King Abdullah Bin Abdul-Aziz-keepers God-given this aspect much attention, the main objectives for the housing sector in the eighth development plan gives great importance in providing housing and increase the percentage of ownership of the citizens to it.
It should be noted in this context is being prepared, studies, research and surveys of population and the creation of integrated information base housing for all segments of society, was allocated ten billion rials from the surplus in the budget by the Custodian of the Two Holy Mosques-may God preserve him - for the purpose of public housing in order to meet housing needs slot most urgent need of citizens in various regions of the Kingdom.
At the end of his minister called everybody investigated accuracy when dealing with statistics and diligence to build on official information

Iran acknowledges Bemsawye rise in domestic consumption of energy

An Iranian official announced large in the affairs of oil today, Sunday, in press statements reported that the rise in domestic consumption of energy in Iran in addition to the financial pressures associated with international nuclear file harm oil industry.
(© AFP-Behrouz Mehri)
He said the Iranian delegate to the Organization of Petroleum Exporting Countries (OPEC) Hussein Kazem Port Ardbili in Mkaph with Chehrond magazine, "The energy consumption is very high and very low yield. There was no provision in the energy. Customs and consumer addition to the large reduction in the prices of Sales harmful. "

He explained that all this "based on the statistics can be objectionable." He said: "The government is responsible to provide answers."

States that Iran is the second producer of oil in OPEC produces more than four million barrels of oil a day, they emit 42 million barrels only.

It was former Iranian Oil Minister Kazem Hmanh ministers who resigned in August, had confirmed that the oil industry will face a "crisis" if the domestic consumption without censorship.

Iran decided to legalize the consumption of gasoline. But binding continuously importing about 30 million liters a day of this article for internal consumption approached before the summer of 80 million liters.

Experts see that the lack of foreign investments to modernize power plants may lead to significant problems to maintain oil production in the country.

In contrast Ardbili denied that the energy sector has been affected by international financial pressures.

He said: "They (Westerners) that Iran is not only important and penalties to yield results, and if they go a few years, Iran will be paralyzed ... but we do not have any problem because we know their intentions."

European banks have reduced financial relations with Iran are widely according to the procedures established by the United States, which led to the obstruction of Tehran's efforts to finance energy projects.

Ardbili added, "What I can say is that the government do what they can to use their (financial) despite international restrictions."

He pointed out that the government was trying to compensate for these problems a long-term development programs and 200 new project in the areas of oil and energy will be completed 2012.

Market Regulation

Paving

Back beginning, the first shareholding company in the Kingdom of the third decade of the twentieth century, the beginning of trading in the shares was at the end of the 1970s when the calendar growing number of companies contributing. In 1403 e (1984) was ordered Commissioner Karim organization share trading through local banks and the formation of a ministerial committee to oversee the market composed of the Minister of Finance and Minister of Trade and governor SAMA emerged from the oversight committee on the problem of those actors. The entrusted to the management control of the shares with the Saudi Arab Monetary task of surveillance and monitoring and overseeing daily operations of share trading in the market, with effect from the first half of 1405 e. In 1990 was the first application of an integrated system of electronic trading and settlement and clearing, known ESIS, and in October 2001 was trading system by launching the latest quantum leap by introducing advanced techniques and the addition of new features and advantages of the system of circulation. As part of a broad regulatory developments designed to keep pace with global developments and improve the investment environment Kingdom has reviewed many existing regulations and modernized, and the issuance of new regulations and meet the modern requirements of development and modernization, has been at the forefront of these regulations a "financial market system", which aims to restructure Saudi capital market as the latest foundations and applicable international standards in this area.



The financial market

A "system of the financial market" by Royal Decree No. (m / 30) and the date 06/02/1424 07/31/2003 e approved and become effective after (180) days from the date of publication in the Official Gazette. The system aims to restructure the financial market Kingdom on new foundations sophisticated would strengthen confidence and attractiveness of the market and investors to ensure the promotion of disclosure and transparency with respect to securities, and to provide justice in dealing and protection of securities dealers. The system provided for the first time the umbrella of the reference order integrated market structures and institutions clarify the regulatory and supervisory and operational control of the market and its powers and functions very clearly through the separation between the regulatory and supervisory and operational role of the market through the introduction of new institutions of the market and committees to settle the disputes are as follows:

1) the financial market.

2) the financial market (stock market).

3) status deposit securities.

4) Committee chapter in securities disputes.

5) Appeals Committee.





Investment portfolios of share trading



Controls and procedures for non-Saudis

Subject-resident Saudis, irrespective of their nationalities, who wish to open an investment governor of share trading in the financial market, Saudi Arabia (circulation) of the controls and procedures following:

Prerequisites:

*

A valid.
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A bank account with a local bank.

Procedure:

Documents required for the opening of the founding investor and portfolio:

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The mobilization model for establishment of the investor and the signature includes: nationality, date of birth, bank account number and valid residence address lasting.
*

Ratification of the Bank to the information mentioned in the model approved by the Director of Operations or authorized within the bank.
*

The image of residency and passport.
*

Address hand work site and sealed.
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The investor data will be set up through the center of deposit to be sure of the data prior to the completion of the attached addendum.

General conditions:

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These instructions are limited to individual residents only.
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Been Pause portfolio at the expiration of the residence and re-activation Once renew residence.
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Strictly prohibit agencies and the Department of portfolio management personality.
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May conversion portfolio to another.
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Apply controls opening accounts and cash issued by SAMA to these procedures.

Privileges and facilities:

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Allows resident contributor subscription to the capital increases.
*

Resident contributor entitled to vote in the association and candidacy for membership of boards of directors unless the company statute otherwise.
*

Opening portfolio only one resident investor with a bank.

Disclosed one of the organizers of "Forum liquefied petroleum gas in the global market", which opened in Doha on Tuesday that Saudi production of this

Said Jason abundant Vice President & General Manager bulletin "Argos Media" for the Asia-Pacific region is a global specialist in the oil and gas, "We have a hand expectations that production from Saudi liquefied petroleum gas, as well as reduced export On the other hand, we believe that strengthening capacity in this area several countries from the region such as Emirates, Iran and Qatar in particular.

The great expectation that "brings the production of liquefied petroleum gas up to between 25 and 30 million tons annually within a period ranging between five and seven years."

In this context sign and Energy Minister Abdullah bin Hamad al-Attiyah warned that brings his production of gas liquefied petroleum Qatar expected to become one of the largest exporters of this product in the next few years.

Attiya said in press statements on the sidelines of the Forum, "production Qatar liquefied petroleum gas, which has increased from 1,5 million tons annually for ten years to reach 14 million tons by the end of this year."

Al-Attiyah said that "based on the increase of Qatar will become one of the largest players in the gas market oil."

Al-Attiyah said that "the government recognized the importance of country marketing liquefied petroleum gas at this particular time," pointing to the establishment of a "marketing" government in the country late last month for this purpose.

Qatar produces a member of the Organization of Petroleum Exporting Countries (OPEC) approximately 700 thousand barrels per day of crude oil, but it has the third largest reserves of natural gas in the world and aims to become the most important source of liquefied natural gas in the world within years.