Axial Vector™ Energy Corporation owns, develops and licenses internal combustion engine technologies. The company is applying these technologies to develop a new, smaller and lighter internal combustion engine that produces substantially more horsepower and three times more torque on less fuel than conventional engines of similar size. Although the internal combustion engine as we know it today may never meet the strong demand for cleaner and far greater fuel-efficiency, the Axial Vector engine is designed to easily meet these challenges.

The Axial Vector™ engine will target a number of specific military and industrial applications. The company is also developing a family of electric power generators incorporating its unique Axial Vector™ technology. These generators will consume less fuel per unit of electrical power output and are significantly smaller than any known internal combustion engine generator.

Adaptive Propulsion Systems has partnered with Axial Vector to

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New GCC single currency agreed, will it include gold?

Filed under: Gold & Silver, Inflation, Oil Prices, UAE Revaluation, UAE Stocks, US Bonds, US Dollar — peterjcooper @ 8:56 am

Gulf Cooperation Council leaders yesterday concluded their 29th annual summit meeting in Muscat, Oman with a final approval for the creation of a single currency for the six-nation economic bloc, still targeted for 2010.

Saudi Arabia is the largest economy in the GCC and boasts substantial gold reserves. But whether gold will be included in the currency basket has not yet been decided. Golden opportunity

GCC assistant secretary-general Mohammad Al Mazroui told Gulf News: ‘We first have to decide on the location of the Central Bank, then the Central Bank and Monetary Council will have to decide on the gold reserves for the Central Bank’.

The creation of the GCC single currency - likely to be known as the Khaleeji which means Gulf in Arabic

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Shares in Qatar, Oman and Saudi Arabia all rose sharply on rumors local soveriegn wealth funds intend to buy shares in local companies. Oman Telecommunications and Saudi Basic Industries Corpóration were the biggest benefitiaries of the rumours.

The Muscat Securities Market opened for trading after Eid Al Adha holidays on substantially increased turnover. The number of shares traded increased by 56.4 per cent based on 38 traded securities. br /br /The market was weak but AES Barka rose 3.5 per cent and Oman Cables Industry rose by 2.3 per cent.

a href="http://2.bp.blogspot.com/_vp8WdjtxYc0/SS_2DRDT9iI/AAAAAAAAAN0/hE7nTM3xtQY/s1600-h/oman.bmp"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 370px; height: 400px;" src="http://2.bp.blogspot.com/_vp8WdjtxYc0/SS_2DRDT9iI/AAAAAAAAAN0/hE7nTM3xtQY/s400/oman.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5273704224651474466" //abr /Oman is planning to set up a $390m investment fund backed by the government and other investors to support the Muscat Stock Market, which has lost a third of its value this year.

Gazprom’s bid to become the major shareholder in Repsol, Spain’s biggest oil company, has made the Spanish finance minister ‘uncomfortable’, and according to this earlier report, the offer has already been rejected. The EU is still trying to manage its dependence on Russia for energy security. The US has criticized Russia’s European energy projects, saying that the South Stream gas project is too expensive and difficult to build. VTB has financed a loan for Stockholm-listed West Siberian Resources to help it modernize. KazMunaiGaz is in talks with Transneft to increase its holding in the Caspian Pipeline Consortium, having been surprised to find that Oman had sold the 7% stake it had initially wanted to buy. Gazprom is looking on the bright side of the financial crisis, suggesting that conditions could cut building costs. Read The Economist on ...

Energy is in the forefront of discussions in the US government and with consumers. Everyone seems to be seeking information on how to conserve energy, find alternative sources of energy, and new methods to store energy. Axial Vector Energy Corporation (AXVC.PK) is a company that owns, develops, and licenses proprietary intellectual property. The company has applied the technology to create smaller and more-lightweight internal combustion engines that produce more horsepower and three-times more torque than traditional engines of the same size.

At this time, Axial is developing the client-base for four separate technologies: a multi-fuel engine, a marine/aviation “gas cam” engine, 200kilowatt GENSETS, and a line of highly efficient small electric motors that can be used for major appliances. The line of small electric motors use two opposing pistons for each cylinder that move in a smooth linear motion, distributing a balanced and

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The declaration on the Nagorno-Karabakh, generally though to have been signed with the aim of optimizing possibilities for energy politics in the region, ‘does not contain any significant commitments’, says this report. The Kremlin has increased its share in the Caspian Pipeline Consortium to 31%, buying a 7% stake from Oman. St Petersburg protesters could be in luck - the financial crisis may succeed in frustrating Gazprom’s plans to build a controversial $2 billion skyscraper as its new headquarters in the city.

Dubai was also slated to introduce derivatives early next year, and will now launch derivatives and ETF at the same time.

 

The United Arab Emirates' Börse Dubai will delay its planned launch of exchange-traded funds until next year, in recognition of the poor market conditions.

The UAE is among a host of small, oil-rich nations seeking to turn themselves into global, and diversified, financial marketplaces. These nations and their exchanges have been partnering with U.S. and European exchange leaders at a rapid pace and cementing plans to move into all the listed-product areas, including ETFs, which the global exchange have pioneered. Abu Dhabi, Oman and Saudi Arabia are also looking at ETFs. Egypt plans to introduce ETFs next year, as well (see story here.)

The pullback from a planned earlier launch of ETFs by the Börse Dubai is no surprise given the general pullback by investors, and

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Well, maybe.IndexUniverse.com had an article about Bank of NY creating a bunch of GDR indexes (similar to ADRs but traded in the UK) for quite a few countries and a couple of broad based indexes too.The list;BahrainCroatiaEgyptEstoniaGeorgiaHungaryIndiaIsraelKazakhstanKuwaitLebanonNetherlandsNigeriaOmanPakistanPolandRomaniaRussiaSouth KoreaTaiwanTurkeyUAEUkraineEastern EuropeEaster Europe ex-RussiaMENAMiddle EastAfricaEmerging Markets It is a good bet that these indexes are being created in the hope that someone will license them into some sort of investment product like an ETF.I've long been of the opinion that portfolio construction is in the middle of a rather swift evolution and have expected/hoped that the world of investment products would generally keep up with that need. Accessing individual stocks from these countries is very difficult and even if they were easily accessible the task of stock picking would be difficult too.Chances are that when things get healthier ...