The oil industry, with its history of booms and busts, is in its deepest downturn since the 1990s, if not earlier.
Earnings are down for companies that made record profits in recent years, leading them to decommission more than two-thirds of their rigs and sharply cut investment in exploration and production. Scores of companies have gone bankrupt and an estimated 250,000 oil workers have lost their jobs.
The cause is the plunging price of a barrel of oil, which has fallen more than 70 percent since June 2014.
Prices recovered a few times last year, but a barrel of oil has already sunk this year to its lowest level since 2004. Executives think it will be years before oil returns to $90 or $100 a barrel, a price that was pretty much the norm over the last decade.
Brent crude, the main international benchmark, was trading at around $29.64 ( 21st February 2016) a barrel on Saturday.
United States production has surged in recent years as the shale boom took off. That has helped create a glut of oil as major producers like Saudi Arabia continue to pump at high levels.
declining crude oil pricing:causes and global impactSatyam Mishra
this presentation gives some insight into the causes of declining crude oil pricing and how that is going to affect various oil producing and non oil producing countries across the globe.
GROWTH FACTORS AND CHALLENGES FOR OIL MARKET; GROWTH FACTORS FOR OIL MARKET; Demographic Factors, Oil Demand, Motorization in Asian Countries, Upstream Costs Increase, Principal CHALLENGES FOR OIL MARKET, US Shale Oil Production, US shale oil production potential for well drilling, Other constraints, Deepwater Production, Iraqi production growth prospects, GTL – challenge for the oil market after 2020
declining crude oil pricing:causes and global impactSatyam Mishra
this presentation gives some insight into the causes of declining crude oil pricing and how that is going to affect various oil producing and non oil producing countries across the globe.
GROWTH FACTORS AND CHALLENGES FOR OIL MARKET; GROWTH FACTORS FOR OIL MARKET; Demographic Factors, Oil Demand, Motorization in Asian Countries, Upstream Costs Increase, Principal CHALLENGES FOR OIL MARKET, US Shale Oil Production, US shale oil production potential for well drilling, Other constraints, Deepwater Production, Iraqi production growth prospects, GTL – challenge for the oil market after 2020
Global discovered resource and yet-to-find, OPEC Countries; Conventional oil and Unconventional oil, UNCONVENTIONAL PROSPECTIVE RESOURCES, Heavy crude oil, Bitumen, Oil sand, Oil shale, Deepwater oil , Polar (ARCTIC) oil , Fractured source rock, Coal liquefaction or Gas to liquids
Oil 101 - A Free Introduction to Oil and Gas
Introduction to Supply, Trading, Transportation
This Supply, Trading, and Transportation (S&T) overview includes discussions on What is S&T, what are some of the major risks associated with trading, and some historical perspective on the evolution of S&T.
The complete S&T Module includes lessons on crude oil and products supply fundamentals, derivative contracts and exchanges, as well as key business drivers in physical trading and financial hedging. Natural gas trading is beyond our scope though it has a similar commercial function, closely tied to the utility and power consumer market.
What is Supply and Trading?
To help answer that question, let’s look briefly at how Chevron defines S&T on their website.
“Chevron Supply and Trading (S&T) provides a critical link between the market and Chevron's upstream, downstream and chemicals companies. S&T provides commercial support to Chevron's crude oil and natural gas production operations as well as to the company's refining and marketing network.”
What's the difference between WTI and Brent Crude Oil? [PPT] Arne Pohlman
If you are not too familiar with traded commodities, odds are that crude oil is one you know a little about. Oil, the magical elixir that much of our lives run on, even if we are not aware of it, is being consumed at a higher rate globally every year. But did you know that there are different kinds of crude oil? If you did, you may have heard of Brent and WTI Crude Oil. Do you know what the difference is between Brent and WTI Crude oil? Did you know there was a difference between the crude oils extracted around the world? If you didn’t, you’re not alone – most people likely don’t know the difference between the two. If you are curious as to what sets various crude oils apart, especially Brent and WTI, this blog post will shed some light on the differences as well as explain a bit about the Crude Oil futures markets and what role Brent and WTI play in the global oil commodity trade. But, before getting into the specifics of Brent and WTI, it might be helpful to first go through what quality metrics differentiate crude oils from one another.
Download a FREE sample of
Commodities FocusEconomics Consensus Forecast
http://www.focus-economics.com/commodities2016
Oil is the major
source of energy from most of the developed as well as developing countries around the world.
Therefore a change in the supply of oil will significantly affect operations in most parts of the
world. There are a number of factors that affect the demand and supply of oil in the world.
- See more at: http://www.customwritingservice.org/blog/factors-affecting-demand-and-supply-of-oil
GROWTH FACTORS AND CHALLENGES FOR OIL MARKET; Demographic Factors; Oil Demand; Motorization in Asian Countries; Upstream Costs Increase; US Shale Oil Production; Deepwater Production; Iraqi production growth prospects; GTL – challenge for the oil market after 2020
These slide helps you understand the stock market from scratch. To have a live experience in trading and getting started you can click on below link to get started.
https://zerodha.com/open-account?c=AUODRL
Oil has for decades been perceived as a necessary and highly addictive energy commodity, fueling the world economy. It is a crucial input good for most of the net-oil consumer countries, and it is an important source of revenue for the net-oil supplier countries. This means that any changes in the oil price will affect the entire world economy. Chloé Le Coq and Zorica Trkulja from Stockholm Institute of Transition Economics have written a policy brief that explains to what extent the oil-price fluctuations matter for the economy.
Read more: https://www.hhs.se/site
Global discovered resource and yet-to-find, OPEC Countries; Conventional oil and Unconventional oil, UNCONVENTIONAL PROSPECTIVE RESOURCES, Heavy crude oil, Bitumen, Oil sand, Oil shale, Deepwater oil , Polar (ARCTIC) oil , Fractured source rock, Coal liquefaction or Gas to liquids
Oil 101 - A Free Introduction to Oil and Gas
Introduction to Supply, Trading, Transportation
This Supply, Trading, and Transportation (S&T) overview includes discussions on What is S&T, what are some of the major risks associated with trading, and some historical perspective on the evolution of S&T.
The complete S&T Module includes lessons on crude oil and products supply fundamentals, derivative contracts and exchanges, as well as key business drivers in physical trading and financial hedging. Natural gas trading is beyond our scope though it has a similar commercial function, closely tied to the utility and power consumer market.
What is Supply and Trading?
To help answer that question, let’s look briefly at how Chevron defines S&T on their website.
“Chevron Supply and Trading (S&T) provides a critical link between the market and Chevron's upstream, downstream and chemicals companies. S&T provides commercial support to Chevron's crude oil and natural gas production operations as well as to the company's refining and marketing network.”
What's the difference between WTI and Brent Crude Oil? [PPT] Arne Pohlman
If you are not too familiar with traded commodities, odds are that crude oil is one you know a little about. Oil, the magical elixir that much of our lives run on, even if we are not aware of it, is being consumed at a higher rate globally every year. But did you know that there are different kinds of crude oil? If you did, you may have heard of Brent and WTI Crude Oil. Do you know what the difference is between Brent and WTI Crude oil? Did you know there was a difference between the crude oils extracted around the world? If you didn’t, you’re not alone – most people likely don’t know the difference between the two. If you are curious as to what sets various crude oils apart, especially Brent and WTI, this blog post will shed some light on the differences as well as explain a bit about the Crude Oil futures markets and what role Brent and WTI play in the global oil commodity trade. But, before getting into the specifics of Brent and WTI, it might be helpful to first go through what quality metrics differentiate crude oils from one another.
Download a FREE sample of
Commodities FocusEconomics Consensus Forecast
http://www.focus-economics.com/commodities2016
Oil is the major
source of energy from most of the developed as well as developing countries around the world.
Therefore a change in the supply of oil will significantly affect operations in most parts of the
world. There are a number of factors that affect the demand and supply of oil in the world.
- See more at: http://www.customwritingservice.org/blog/factors-affecting-demand-and-supply-of-oil
GROWTH FACTORS AND CHALLENGES FOR OIL MARKET; Demographic Factors; Oil Demand; Motorization in Asian Countries; Upstream Costs Increase; US Shale Oil Production; Deepwater Production; Iraqi production growth prospects; GTL – challenge for the oil market after 2020
These slide helps you understand the stock market from scratch. To have a live experience in trading and getting started you can click on below link to get started.
https://zerodha.com/open-account?c=AUODRL
Oil has for decades been perceived as a necessary and highly addictive energy commodity, fueling the world economy. It is a crucial input good for most of the net-oil consumer countries, and it is an important source of revenue for the net-oil supplier countries. This means that any changes in the oil price will affect the entire world economy. Chloé Le Coq and Zorica Trkulja from Stockholm Institute of Transition Economics have written a policy brief that explains to what extent the oil-price fluctuations matter for the economy.
Read more: https://www.hhs.se/site
Saudi Aramco IPO - A Reality of Mythical ProportionsAranca
Aranca's special report on Saudi Aramco IPO highlights its impact on industry, global investment banks and discusses the political and economic ramifications a large IPO may have. Download the report here!
Saudi aramco ipo - a reality of mythical proportionsAranca
Aranca's special report on Saudi Aramco IPO highlights its impact on industry, global investment banks and discusses the political and economic ramifications a large IPO may have. Download the report here!
Mercer Capital's Value Focus: Energy Industry | Q2 2019 | Region: Permian BasinMercer Capital
Mercer Capital's Energy Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
New base 26 december 2019 energy news issue 1305 by khaled al awadi -compr...Khaled Al Awadi
Greetings,
It is my pleasure to share with you our latest energy news issue
NewBase Energy News 26 December 2019 - Issue No. 1305
Senior Editor Eng. Khaled Al Awadi .
Regards.
Khaled Al Awadi
Your Energy Consultant
Greetings,
It is my pleasure to share with you our latest energy news issue
NewBase Energy News 26 December 2019 - Issue No. 1305
Senior Editor Eng. Khaled Al Awadi .
Regards.
Khaled Al Awadi
Your Energy Consultant
New base energy news issue 915 dated 25 august 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 25 August 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• LNG IN THE NEW OIL PRICE ERA, By Morten Frisch
• Saudi Arabia Holds China Market Share Lead on Record Oil Output
• China Oil Giants Unmoved by Bull Rally After Worst-Ever Earnings
• Norway's Oil Investments To Fall Again In 2017
• Kenya: Work Begins on 2D Seismic Survey in Wajir Kenya
• Kenya: First Kenyan Oil Due by March 2017; Exports to Follow
• Oil prices fall as market focus returns to global supply overhang
• As Japan and South Korea import less LNG, other Asian countries begin to import more
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Greetings,
Attached FYI ( NewBase Special 28 January 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Kuwait plans to expand crude production to
• Saudi Aramco dials back IPO talk
• Senegal: Kosmos Energy Makes 'Significant' Gas Find Offshore
• UK: Mainstream announces equity consortium ready to take £2 billion Scottish UK: Hinkley Point go-ahead delayed amid EDF funding doubts
• U.S. shale firms, struggling to profit with $30 oil, slash spending more
• Oil falls back & jumpings on hopes of Russia, OPEC cooperation
• Cheap Oil Bails Out Free-Spending U.K. Consumers
• Shell Wins Investor Approval to Buy BG, Sealing Deal
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Greetings,
Attached FYI ( NewBase Special 28 January 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
http://www.slideshare.net/khdmohd/new-base-775-special-28-january-2016
• Kuwait plans to expand crude production to
• Saudi Aramco dials back IPO talk
• Senegal: Kosmos Energy Makes 'Significant' Gas Find Offshore
• UK: Mainstream announces equity consortium ready to take £2 billion Scottish UK: Hinkley Point go-ahead delayed amid EDF funding doubts
• U.S. shale firms, struggling to profit with $30 oil, slash spending more
• Oil falls back & jumpings on hopes of Russia, OPEC cooperation
• Cheap Oil Bails Out Free-Spending U.K. Consumers
• Shell Wins Investor Approval to Buy BG, Sealing Deal
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2
Understanding How Value is Created Within Organizations.
Creating value is a matter of fundamental importance to companies, because it addresses the economic logic of why the organization exists in the first place.
The concept of value chains was developed by Michael E. Porter as early as 1979.
A value chain is a set of activities that an organization carries out to create value for its customers
The way in which value chain activities are performed determines costs and effects on profits
Porter proposed a general-purpose value chain that companies can use to examine all of their activities, and see how they're connected.
The idea of the value chain is based on the process view of organizations.
How value chain activities are carried out determines costs and affects profits.
These activities can be classified generally as either primary or support activities that all businesses must undertake in some form.
Goods & Service Tax (GST) or the constitution (one hundred one amendment) bill. The introduction of Goods and Services Tax (GST) would be a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading or double taxation in a major way and pave the way for a common national market.
From the consumer point of view, the biggest advantage would be in terms of a reduction in the overall tax burden on goods, which is currently estimated to be around 25%-30%. Introduction of GST would also make Indian products competitive in the domestic and international markets. Studies show that this would have a boosting impact on economic growth. Last but not the least, this tax, because of its transparent and self-policing character, would be easier to administer.
This is a very important concept, so try to share it with as many people as you can.
Regional Economic Integration (REI) refers to the commercial policy of discriminatively reducing or eliminating trade barriers only between the states joining together.
Regional economic groups eliminate or reduce trade tariffs (and other trade barriers) among the Partner States while maintaining tariffs or barriers for the rest of the world (non-member countries).
Geographical proximity, cultural, historical, and ideological similarities, competitive or complementary economic linkages, and a common language among the Partner States are importantly required for effective economic integration.
Regional economic integration in Africa traces back to 1910 with the formation of Southern African Customs Union (SACU) by the countries of Botswana, Lesotho, Namibia, Swaziland and South Africa. Other main economic arrangements include East African Community (EAC), Southern African Development Community (SADC), the Economic Community of Central African States (ECCAS), Economic Community of West African States (ECOWAS), the Common Market for Eastern and Southern Africa (COMESA), Arab Maghreb Union (AMU) etc. Also there is the planned African Economic Community, whose treaty was signed in 1991 (the Abuja Treaty) and it is expected by 2025. All these efforts are aimed at unifying Africa, but, there has been limited success due to the various problems which the region is facing including the internal civil wars.
Regional economic integration in Africa has not been so effective and it faces some challenges including overlapping memberships due to the multiplicity of its economic communities.
The similarity and smallness of the African countries together with the competition between each other in the global market for the same products are some of the reasons responsible for the past lack of success in the economic integration in the continent.
Several attempts of regional economic integration in Africa have been put into place over time, however they have been ineffective in promoting trade and attracting Foreign Direct Investment (FDI) in the continent.
Relatively high external trade barriers and low resource complementarity between Partner States limit internal and external regional trade.
Small market size, poor transport facilities and high trading costs make it difficult for African countries to reap the potential benefits of economic integration.
Regional Economic Integration (REI) refers to the commercial policy of discriminatively reducing or eliminating trade barriers only between the states joining together.
Regional economic groups eliminate or reduce trade tariffs (and other trade barriers) among the Partner States while maintaining tariffs or barriers for the rest of the world (non-member countries).
Geographical proximity, cultural, historical, and ideological similarities, competitive or complementary economic linkages, and a common language among the Partner States are importantly required for effective economic integration.
The aim of economic integration is to lessen costs for both consumers and producers, in addition to increase trade between the countries taking part in the agreement.
A primary economic objective of integration is to raise:
a) real output and income of the participants
&
b) rate of growth
by increasing specialization and competition by facilitating desirable structural (linkages) changes.
Strategic management is a set of managerial decisions and actions that determines the longrun performance of a corporation.
It includes environmental scanning (both external and internal), strategy formulation (strategic or long-range planning), strategy implementation, and evaluation and control.
The study of strategic management, therefore, emphasizes the monitoring and evaluating of external opportunities and threats in light of a corporation’s strengths and weaknesses.
The trade theory that first indicated importance of specialization in production and division of labor is based on the idea of theory of absolute advantage which is developed first by Adam Smith in his famous book The Wealth of Nations published in 1776.
Smith argued that it was impossible for all nations to become rich simultaneously by following mercantilism because the export of one nation is another nation’s import and instead stated that all nations would gain simultaneously if they practiced free trade and specialized in accordance with their absolute advantage. Smith also stated that the wealth of nations depends upon the goods and services available to their citizens, rather than their gold reserves. While there are possible gains from trade with absolute advantage, the gains may not be mutually beneficial. Comparative advantage focuses on the range of possible mutually beneficial exchanges.
Adam Smith argued that a country has an absolute advantage in the production of a product when it is more efficient than any other country producing it.
Countries should specialize in the production of goods for which they have an absolute advantage and then trade these goods for the goods produced by other countries
In economics, principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources.
International trade is the exchange of capital, goods, and services across international borders or territories.
international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries.
To understand the pattern in international trade, Different trade theories are postulated. Some famous trade theories are:
Mercantilism
Absolute Advantage Theory
Comparative Advantage Theory
Hecksher-Ohlin Factor endowment theory
Product Life Cycle Theory
New Trade Theory
Porter’s Diamond Theory for competitive advantage
Restrictions on imports – tariff barriers, quotas or non-tariff barriers.
Accumulation of foreign currency reserves and gold and silver reserves. (known also as bullionism)
Granting of state monopolies to particular firms especially those associated with trade and shipping.
Subsidies of export industries to give competitive advantage in global markets.
Government investment in research and development to maximize efficiency and capacity of domestic industry.
Allowing copyright / intellectual theft from foreign companies.
Limiting wages and consumption of the working classes to enable greater profits to stay with the merchant class.
Control of colonies, e.g. making colonies buy from Empire country and taking control of colonies wealth.
England Navigation Act of 1651 prohibited foreign vessels engaging in coastal trade.
All colonial exports to Europe had to pass through English first and be re-exported to Europe.
Under British Empire, India restricted in buying from domestic industries and were forced to import salt from the UK. Protests against this salt tax, led to ‘Salt tax’ revolt led by Gandhi.
In seventeenth Century France, the state promoted a controlled economy, with strict regulations about the economy and labour markets
In the modern world, mercantilism is sometimes associated with policies, such as.
Undervaluation of currency e.g. government buying foreign currency assets to keep the exchange rate undervalued and make exports more competitive.
Government subsidy of industry for unfair advantage. China has been accused of offering too much subsidised investment for industry, leading to over supply of industries such as steel – meaning other countries struggle to compete.
Surge of protectionist sentiment, e.g. tariffs on imports.
Copyright theft
Established in 1968 as a prefabrication plant to produce exported leather goods.
Joint-stock company, employees in the company hold 49% and 51% is holded by the state.
Specializes in producing genuine and imitation leather products.
Manufactures products for exporting.
Manufactures products based on foreign partners preferences.
Gloves, shoes, briefcases & Men's Wallet, women's sandals & shoes, small key bags
EU is one of the best practical examples of regional integration (RI)
European Union (EU) is presently facing a number of crises.
Great Britain exited from EU
Greece crisis
German Hagemony
Trade negotiations of the Transatlantic Trade and Investment Partnership (TTIP) and The Trans-Pacific Partnership (TTP) trade deals have provided more fuel to the fire of this ongoing debate.
Chandigarh is a city and a union territory in the northern part of India that serves as the capital of the states of Punjab and Haryana. As a union territory, the city is ruled directly by the Union Government and is not part of either state. Chandigarh and adjoining cities of Mohali (Punjab) and Panchkula (Haryana) are together called Chandigarh Tricity.
The city of Chandigarh was one of the early planned cities in the post-independence India and is known internationally for its architecture and urban design.[7] The master plan of the city was prepared by Swiss-French architect Le Corbusier, transformed from earlier plans created by the Polish architect Maciej Nowicki and the American planner Albert Mayer. Most of the government buildings and housing in the city, however, were designed by the Chandigarh Capital Project Team headed by Pierre Jeanneret, Jane Drew and Maxwell Fry. In 2015, an article published by BBC named Chandigarh as one of the perfect cities of the world in terms of architecture, cultural growth and modernisation.[8][9]
The city experiences extreme climate and uneven distribution of rainfall. The roads in Chandigarh are surrounded by trees and it has the third highest forest cover in India at 8.51% following Lakshadweep and Goa.[10][11]
The city tops the list of Indian States and Union Territories by per capita income in the country.[12] The city was reported to be the cleanest in India in 2010, based on a national government study.[13][14] In 2016, Chandigarh was declared as the second cleanest city of India under Swachh Bharat Survekshan.[15] The union territory also heads the list of Indian states and territories according to Human Development Index.[16] In 2015, a survey by LG Electronics, ranked Chandigarh as the happiest city in India over the happiness index.[17][18] The metropolitan of Chandigarh-Mohali-Panchkula collectively forms a Tri-city, with a combined population of over 2 million.[19] This is the first smoke-free city in India.[20]
Chandigarh has been selected as one of the hundred Indian cities to be developed as a smart city under PM Narendra Modi's flagship Smart Cities Mission. However, it was not selected in the list of first 20 smart cities of India.
Multimodal transport is essentially an international through-transport combination with various modes of transport such as ship, rail, truck, airplane, etc., primarily through the use of containers.
Multimodal Transport: Where the carrier organising the transport takes responsibility for the entire door-to-door transport and issues a multimodal transport document.
A multimodal transport operator (MTO) acts as a principal and therefore as a “carrier”, because the MTO contracts with the shipper to carry goods by one or more modes of transport as may be necessary. The MTO has accepted total responsibility and liability to perform the transport contract; he has become the sole interface point for the shipper’s transport function.
Patanjali Ayurved Limited is an Indian FMCG company
Located in the industrial area of Haridwar
Manufactures mineral and herbal products.
Patanjali is the fastest growing fast-moving consumer company in India.
Self-independence of India from Swadeshi.
To promote Indian product.
Make a largest retail chain in all over India both rural and urban market
To Provide reasonable price for farmers
To fulfill the demand of customers across the India on reasonable price.
To Support Indian industries by creating demands of Swadeshi products.
To generate employment for youth, skilled/unskilled and professionals.
To establish Ayurveda and create biggest market chain for herbal products.
To Strengthen Indian economy by replacing foreign products with Swadeshi products.
It involves 12 countries: the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.
The pact aims to deepen economic ties between these nations, slashing tariffs and fostering trade to boost growth.
Member countries are also hoping to foster a closer relationship on economic policies and regulation.
The agreement could create a new single market something like that of the EU.
Pretty big indeed. The 12 countries have a collective population of about 800 million - almost double that of the European Union's single market. The 12-nation would-be bloc is already responsible for 40% of world trade.
The deal is a remarkable achievement given the very different approaches and standards within the member countries, including environmental protection, workers' rights and regulatory coherence - not to mention the special protections that some countries have for certain industries
Officially known as the Republic Of Senegal
country in West Africa.
economical and political capital is Dakar.
westernmost country in the mainland of the Old World, or Eurafrasia.
The climate is Sahelian, but there is a rainy season.
8th century - Present-day Senegal is part of the Kingdom of Ghana.
1677 - French take over island of Goree from the Dutch, the start of nearly 300 years of French oversight.
1756-63 - Seven Years' War: Britain takes over French posts in Senegal, forms colony of Senegambia. France regains its holdings during American Revolutionary War of 1775-83.
1960 - Senegal becomes an independent country.
2000 - Opposition leader Abdoulaye Wade wins second round of presidential elections, ending 40 years of Socialist Party rule.
2004 - Casamance Movement of Democratic Forces (MFDC) and government sign pact aimed at ending secessionist struggle in the southern province of Casamance. Violence continues, however until rebel leader Salif Sadio declares a unilateral ceasefire in 2014.
2012 - Macky Sall wins presidential elections and his coalition wins the parliamentary elections. MPs abolish the upper house, the Senate, and the post of vice president in an effort to save money for flood relief. Critics say the aim is to weaken the opposition.
South Africa, officially the Republic of South Africa, is the southernmost sovereign state in Africa.
It is bounded on the south by 2,798 kilometers of coastline of Southern Africa stretching along the South Atlantic and Indian Oceans, on the north by the neighbouring countries of Namibia, Botswana and Zimbabwe, and on the east by Mozambique and Swaziland, and surrounding the kingdom of Lesotho.
South Africa is a multiethnic society encompassing a wide variety of cultures, languages, and religions.
Its pluralistic makeup is reflected in the constitution's recognition of 11 official languages, which is among the highest number of any country in the world.
South Africa has the seventh-highest per capita income in Africa. However, poverty and inequality remain widespread, with about a quarter of the population unemployed and living on less than US$1.25 a day.
The dabbawala are an extraordinary association of more than 5000 individuals in Mumbai.
"Dabba" simply signifies "lunch box"; "walla" implies transporter or convey man. Put them together and you get "Lunch box transporter".
For this situation it alludes to a stackable tin box utilized for hot meals called the tiffin.
Millions in Mumbai commute everyday to earn a living. Banks, colleges, hospitals, government offices, private offices, factories and ports are all spread across different parts of the city.
In a country where hot and freshly cooked home food is the most preferred for consumption, carrying of lunch boxes is a big burden for the working populace.
Be that as it may, this issue is unbelievable in this metro city because of the presence of the 100 year old association of "Dabbawalas".
These Dabbawalas deliver lunch boxes for about 2 lakh people at their work places on time.
The work doesn’t end here.
They also carry the empty lunch boxes back to the homes of the customers.
The unbelievable part is they make only one mistake in sixteen million transactions and have been consistently good at it for all the time of their operations.
This credibility earned them a six sigma designation by the Forbes magazine and ISO 9001 accreditation.
The Indian Premier League (IPL) is a professional Twenty20 cricket league in India contested annually by franchise teams representing Indian cities.
The title sponsor of IPL is Vivo Electronics, thus the league is officially known as the Vivo Indian Premier League.
The IPL is the most-attended cricket league in the world and ranks sixth among all sports leagues.
In 2010, the IPL became the first sporting event in the world to be broadcast live on YouTube.
The brand value of IPL was estimated to be US$3.2 billion in 2014. According to BCCI, the 2015 IPL season contributed ₹11.5 billion (US$182 million) to the GDP of Indian economy.
Until 2014, the top three teams in the tournament qualified for the Champions League Twenty20. However, the Champions League Twenty20 tournament was discontinued in 2015 and has been defunct since.
Promote international monetary cooperation;
Facilitate the expansion and balanced growth of international trade;
Promote exchange stability;
Assist in the establishment of a multilateral system of payments; and
Make resources available (with adequate safeguards) to members experiencing balance of payments difficulties.
The IMF is accountable to the governments of its member countries. At the top of its organizational structure is the Board of Governors, which consists of one Governor and one Alternate Governor from each member country.
The Board of Governors meets once each year at the IMF-World Bank Annual Meetings.
Twenty-four of the Governors sit on the International Monetary and Financial Committee (IMFC) and normally meet twice each year.
The IMF's day-to-day work is overseen by its 24-member Executive Board, which represents the entire membership, this work is guided by the IMFC and supported by the IMF staff.
The Managing Director is the head of the IMF staff and Chairman of the Executive Board and is assisted by four Deputy Managing Directors.
In economics, Gresham's law is a monetary principle stating that "bad money drives out good".
For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will disappear from circulation.
In an influential theoretical article, Rolnick and Weber (1986) argued that bad money would drive good money to a premium rather than driving it out of circulation. However, their research did not take into account the context in which Gresham made his observation. Rolnick and Weber ignored the influence of legal tender legislation which requires people to accept both good and bad money as if they were of equal value.They also focused mainly on the interaction between different metallic monies, comparing the relative "goodness" of silver to that of gold, which is not what Gresham was speaking of.
The experiences of dollarization in countries with weak economies and currencies (for example Israel in the 1980s, Eastern Europe and countries in the period immediately after the collapse of the Soviet bloc, or South American countries throughout the late 20th and early 21st century) may be seen as Gresham's Law operating in its reverse form (Guidotti & Rodriguez, 1992), because in general the dollar has not been legal tender in such situations, and in some cases its use has been illegal.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
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what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
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The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
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how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
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Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
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2. INTRODUCTION
The oil industry, with its history of booms and busts, is
in its deepest downturn since the 1990s, if not earlier.
Earnings are down for companies that made record
profits in recent years, leading them to decommission
more than two-thirds of their rigs and sharply cut
investment in exploration and production. Scores of
companies have gone bankrupt and an estimated 250,000
oil workers have lost their jobs.
M V S SAI HEMANT 2
3. INTRODUCTION
The cause is the plunging price of a barrel of oil, which
has fallen more than 70 percent since June 2014.
Prices recovered a few times last year, but a barrel of oil
has already sunk this year to its lowest level since 2004.
Executives think it will be years before oil returns to $90
or $100 a barrel, a price that was pretty much the norm
over the last decade.
M V S SAI HEMANT 3
4. CURRENT OIL PRICES
1. Brent crude, the main international benchmark, was
trading at around $29.64 ( 21st February 2016) a barrel
on Saturday.
M V S SAI HEMANT 4
5. REASONS FOR FALL IN
OIL PRICES
Simple economics of supply and demand.
United States domestic production has nearly doubled over
the last several years, pushing out oil imports that need to find
another home. Saudi, Nigerian and Algerian oil that once was
sold in the United States is suddenly competing for Asian
markets, and the producers are forced to drop prices. Canadian
and Iraqi oil production and exports are rising year after year.
Even the Russians, with all their economic problems, manage
to keep pumping.
M V S SAI HEMANT 5
6. REASONS FOR FALL IN
OIL PRICES
There are signs, however, that production is falling because of
the drop in exploration investments. Wood MacKenzie, a
consulting firm, identified 68 large oil and natural gas projects
worldwide, with a combined value of $380 billion, that have
been put on hold around the world since prices started coming
down, halting the production of 2.9 million barrels a day.
Meanwhile, RBC Capital Markets has calculated projects
capable of producing more than a half million barrels a day of
oil were cancelled, delayed or shelved by OPEC countries
alone last year, and this year promises more of the same.
M V S SAI HEMANT 6
7. REASONS FOR FALL IN
OIL PRICES
But the drop in production is not happening fast enough,
especially with output from deep waters off the Gulf of
Mexico and Canada continuing to build as new projects
come online.
On the demand side, the economies of Europe and
developing countries are weak and vehicles are becoming
more energy-efficient. So demand for fuel is lagging a bit.
M V S SAI HEMANT 7
9. WHO BENEFITS FROM
THE PRICE DROP?
The latest drop in energy prices — regular gas nationally now
averages around $1.76 a gallon, roughly down about 43 cents
from the same time a year ago — is also disproportionately
helping lower-income groups, because fuel costs eat up a larger
share of their more limited earnings.
Households that use heating oil to warm their homes are also
seeing savings.
M V S SAI HEMANT 9
10. WHO LOSES FROM THIS
PRICE DROP?
For starters, oil-producing countries and states. Venezuela,
Nigeria, Ecuador, Brazil and Russia are just a few petro-states
that are suffering economic and perhaps even political
turbulence.
The impact of Western sanctions caused Iranian production to
drop by about one million barrels a day in recent years and
blocked Iran from importing the latest Western oil field
technology and equipment. With sanctions now being lifted, the
Iranian oil industry is expected to open the taps on production
soon.
In the United States, there are now virtually no wells that are
profitable to drill. M V S SAI HEMANT 10
11. WHO LOSES FROM
THIS PRICE DROP?
Chevron, Royal Dutch Shell and BP have all announced
cuts to their payrolls to save cash, and they are in far
better shape than many smaller independent oil and gas
producers.
States like Alaska, North Dakota, Texas, Oklahoma and
Louisiana are facing economic challenges.
There has also been an uptick in traffic deaths as low gas
prices have translated to increased road travel. And many
young Saudis have seen cushy jobs vanish.
M V S SAI HEMANT 11
12. EFFECTS ON OPEC
Iran, Venezuela, Ecuador and Algeria have all pressed OPEC,
a cartel of oil producers, to cut production to firm up prices. At
the same time, Iraq is actually pumping more, and Iran is
expected to become a major exporter again.
On Feb. 16, OPEC members Saudi Arabia, Venezuela and
Qatar, along with Russia, announced a plan to freeze output at
current levels.
The plan represents a reversal for Saudi Arabia in particular. As
oil prices have slumped, the country, the de facto leader of
OPEC, has avoided trying to manage the market through cuts, or
even talking of them. Instead, it has continued to ramp up
production, even as prices dropped sharply. M V S SAI HEMANT 12
13. EFFECTS ON OPEC
Nonetheless, if prices remain low for another year or
longer, King Salman, who assumed power in January
2015, may find it difficult to persuade other OPEC
members to keep steady against the financial strains. The
International Monetary Fund estimates that the revenues
of Saudi Arabia and its Persian Gulf allies will slip by
$300 billion this year.
M V S SAI HEMANT 13
14. IS THERE A CONSPIRACY TO
BRING THE PRICE OF OIL
DOWN?
There are a number of conspiracy theories floating around.
Even some oil executives are quietly noting that the Saudis
want to hurt Russia and Iran, and so does the United States —
motivation enough for the two oil-producing nations to force
down prices. Dropping oil prices in the 1980s did help bring
down the Soviet Union, after all.
But there is no evidence to support the conspiracy theories, and
Saudi Arabia and the United States rarely coordinate smoothly.
And the Obama administration is hardly in a position to
coordinate the drilling of hundreds of oil companies seeking
profits and answering to their shareholders.
M V S SAI HEMANT 14
15. WHEN ARE OIL PRICES
LIKELY TO RECOVER?
Not anytime soon. Oil production is not declining fast enough
in the United States and other countries, though that could
begin to change this year. But there are signs that supply and
demand — and price — could recover some balance by the end
of 2016.
Demand for fuels is recovering in some countries, and that
could help crude prices recover in the next year or two. There
is now little or no spare production capacity to give the market
a cushion in case of another crisis in a crucial oil-producing
country.
M V S SAI HEMANT 15
United States production has surged in recent years as the shale boom took off. That has helped create a glut of oil as major producers like Saudi Arabia continue to pump at high levels.