Member Info for Novice14

Interesting process “Q: How would INSTEX facilitate trade? A: It would balance payments for imports and exports, acting as a middleman and reducing the need for transactions directly between the European and Iranian financial systems. Banks working with European companies are hesitant to accept any funds originating in Iran, even for humanitarian trade that is formally exempt from sanctions.” https://apnews.com/cf93d605aed843bfa1bd2e8a7a6526fb

“France, Germany and the United Kingdom informed participants that INSTEX had been made operational and available to all EU Member States and that the first transactions are being processed,” https://uk.reuters.com/article/uk-iran-nuclear-talks-statement/europe-says-iran-trade-channel-operational-statement-idUKKCN1TT2RV

Versarien mentioned in the evening standard today! Can view snippet on Twitter - @novice14_uk

The numbers are too good Tosh hence the secrecy ;-)

Yay!!! “ready for commencement of scanning operations.”

The EU is trying its utmost to reverse this with a multi million euro credit line https://www.theguardian.com/world/2019/jun/26/credit-line-to-be-announced-to-ease-eu-and-iran-trading The world can not afford a war that will cripple the world economy - even though Trump in his little world thinks it should be ok!

WSG in action - security is clearly working ;-P https://www.cediland.net/threads/sierra-leonean-stowaway-disembarked-in-tema-port.1198/

Maybe you should follow me on Twitter then ;-P .....

Ok whatever the figure may be - I shall leave that to the professed bean counters .....

Thanks Gibbo The £4miilion owed to WSG from previous work - do we know where that is from? The same report mentions “Royal Palaces Protection & Marine Security – Middle East ($11m): Westminster secured an $11 million contract to provide advanced technology security solutions to secure the royal palaces of a Middle Eastern Royal Family (Page 10)” - do we know where this was? Was it Bahrain and did coincide with the Arab spring? Was WSG only paid $7million from this contract it did we receive the full payment? Just being nosey sorry

“Bahrain Airport Company (BAC) and the kingdom's Civil Aviation Affairs (CAA) met earlier this week to discuss and review security plans for Bahrain International Airport’s (BAH) upcoming passenger terminal building, which is due to open in Q3 2019” https://www.constructionweekonline.com/projects-tenders/256008-security-plans-reviewed-for-bahrain-international-airports-new-terminal Assume we previously provided services to Bahrain Airport Services - listed on page 13 https://www.wsg-corporate.com/wp-content/uploads/UK-Investor-Show-Presentation.pdf Could this be where the outstanding £4million is due from? Another contract on its way (through WSG Arabia)?

The BICC meeting could also be linked to INSTEX coming into operation in the next few days “EU-Iran trade mechanism INSTEX (Instrument for Supporting Trade Exchanges) will be partly operational within days according to EEAS official“ https://twitter.com/externalaction/status/1143450871751200768 Guess we could find out soon .......

Yes did jaytee1 thank you - shared that yesterday :-) With WSG Arabia in operation doors could open up now as getting one foot in the door of one Gulf country (especially Saudi as the lead country) could mean entry into the other Gulf countries too (they wish to standardise the approach throughout the GCC)!!

Never know - “The PM'S Trade Envoy, Lord Lamont and DIT Iran Director, Keith Wellings addressed a packed meeting of British Iranian Chamber of Commerce members in London today” https://twitter.com/tradegovukMENA/status/1143438051215126528 Following the weekend UK delegation visit to Iran - something brewing?

The figures are huge “The total number of passengers at the Kingdom’s airports during the year ending 2019 will reach (101,554,331) passengers. This translate into an increase of 129.3% compared to the previous passenger level in the last 10 years, which reached (44,287,274) million passengers. This reflects the growing high demand and the positive outlook on the future of the sector for the coming years. It is expected that the number of passengers at the Kingdom’s airports by the year ending 2030 will reach (195,786,972) million, a growth rate of more than (92.8%) compared to the current year of 2019.” https://gaca.gov.sa/web/en-gb/news/19/03/2019-aa

Never know about Oman - the British Embassy and DIT reps met with senior management officials at Muscat International Airport #Businessisgreat https://twitter.com/tradegovukMENA/status/1143070224960380928 Hmmmmm wonder what ‘business’ they have been talking about???

Saudi Arabia’s King Salman provided a $1 million donation to the International Civil Aviation Organization (ICAO) last week. If they are happy to donate this amount what do we reckon aviation security contracts will actually be worth??.... http://www.arabnews.com/node/1512081/saudi-arabia

All I will say is reflect on what happened to Versarien’s share price when they were part of a U.K. delegation that went to China to discuss business opportunities.......

Meeting happened in September 2018 https://www.internationalairportreview.com/news/75188/saudi-arabia-britain-invest-aviation/ following Therea May’s visit last year (aviation security was discussed) https://saudiembassyuk.co.uk/united-kingdom-saudi-arabia-joint-communique/

Key statements / headlines: “keen on maximizing security” “roundtable meeting with major British companies in the field of civil aviation” - happened towards the end of last year / very early this year (as the article was published in Jan). Key notes: “The achievements were reflected in the growth of the civil aviation market in the Kingdom of Saudi Arabia and the increase in air traffic. The number of passengers at the Kingdom's airports in 2018 reached more than 98 million passengers, an increase of 7.4% over the previous year, while the number of flights in 2018 increased by 3.4% Of 773 thousand flights.” “GACA was also keen on maximizing security and safety of air traffic in its airspace and throughout the airports around of the Kingdom.” “Soft opening launch of the new King Abdul Aziz International Airport in Jeddah, with a total a capacity of 30 million passengers annually + completed the development of Tabuk airport + foundation stone laying ceremonies to each of the new Jazan Airport, Al-Jouf, Al-Qurayyat and Qunfudah.” “The vision of the Kingdom of 2030 by receiving 30 million pilgrims and improving and enriching their experience them to be of quality and value.” This excludes normal / business travellers and tourists. “In cooperation with the British-Saudi Business Council, the Commission organized a roundtable meeting with major British companies in the field of civil aviation to discuss activities of the aviation sector in the Kingdom.  The delegation also reviewed the possible investment opportunities in the civil aviation sector that are in line with the Kingdom’s vision 2030.” https://gaca.gov.sa/web/en-gb/news/gacanews-100119-hf01