Archive for December 31, 2010

Iraqi’s make 2011 wishes; Security, Stability, and Economic Prosperity

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Currency Newshound Commentary: Iraq will be an Arab superpower in years to come – Baghdad, Erbil, Basra, and Iraqi cities alike will possibly rival a modern metropolis such as Dubai.  But today, Iraqi’s suffer from dire physical and economical situations. I wish the very best for them in 2011.

Back home in the USA…I think many of us could wish for the very same things….Security, Stability, and Economic Prosperity.  It may not be Baghdad…but the US has suffered enough over the past few years and Lord knows we all could use some good news in 2011!

Wish the Iraqis in 2011: security, stability and economic prosperity

Baghdad, 31 December (Rn) – looking forward to many Iraqis to be in 2011 in the security and stability, while others were hoping to prosper the country’s economy by creating solutions to the housing crisis and improve the income of citizens.

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Thursday evening, fire breaks at Ministry of Oil; Source says some contracts and file are damaged

Posted: December 31, 2010 in Iraqi Dinar/Politics
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File:Baghdad fire department engine Iraq.jpgMinistry of Oil: the fire that broke out in the ministry was in a section of contracts and the burning of CD’s and contracts with States

Palms – A source familiar with the fire, which broke out yesterday at the Ministry of Oil was in a section of contracts and the source said that a fire broke out yesterday was the third floor, includes floor contracts signed with foreign companies and local communities and individuals.

And Acharalamsdr who works at the Oil Ministry to the floor was damaged heavily by the fire and a large number of contracts, whether paper or burned CD’s and as usual, the ministry said an electrical short circuit caused the fire.

http://bit.ly/ggELWd

Sistani’s representative lambastes way of choosing new ministers

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Karbala, Dec. 31 (AKnews) – The representative of the Shia religious authority Ali al-Sistani in Karbala criticized Friday the new government’s way of choosing the new ministers saying it lacked professional standards to choose the appropriate ministers.

Ahmed al-Safi said during the Friday prayers that the criteria used in selecting candidates for the ministries was not better than the experience of the previous government which he described as a “failure” because non-competent persons assumed ministerial office.

Iraq’s political blocs shared the government posts based on a power-sharing deal. Each bloc that had won ministerial portfolios would send the CVs of three candidates to Prime Minister Nuri al- Maliki could study them and choose the best.

AKnews

Iraq: Population census will be in April if there is political consensus

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Baghdad / 31 December (Rn) – The deputy of the Iraqi List, Friday, that the census will take place next April in the event received a political consensus in the disputed areas.

Omar al-Jubouri of Kurdistan News Agency (Rn) “The census will not be before next April because of the holidays and religious occasions and the half-year exams for school students and teachers who rely on them to the Ministry of Planning to conduct a census of population.” 

He said Jubouri, a deputy from Kirkuk to the “Committee for Kirkuk, formed by the Ministry of Planning to resolution No. 86 which confirms the choice of Vice-Arabs and Kurds, two deputies from the two deputies of the Turkmen had not met yet.”

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Kurdistan: Tight security on the eve of New Year celebrations

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Erbil – “Weekly”: officials said on Thursday that the Kurdistan region of Iraq has strengthened security measures before New Year’s Eve after the arrest of militants said the al Qaeda-linked groups have begun turning their attention towards the region is relatively secure.

Is seen by investors and a lot of Iraqis to the Kurdish region of Iraq that have not significantly affected by the war as a safe haven in a dangerous country.

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FYI: Document protects investors abroad in Iraq; Coalition Provisional Authority Order #39 – Foreign Investment

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Currency Newshound Commentary: There has been many questions regarding the Iraqi Dinar and if investors abroad are protected outside of the Iraqi borders as investors in Iraq’s currency. This document signed by Paul Bremer in 2003 illustrates the following protections. Items of importance are underlined.

"CPA" Coalition Provisional Authority - US Embassy Baghdad Iraq

CPA/ORD/19 September 2003/39
COALITION PROVISIONAL AUTHORITY ORDER NUMBER 39
FOREIGN INVESTMENT

Pursuant to my authority as Administrator of the Coalition Provisional Authority (CPA)
and the laws and usages of war, and consistent with relevant U.N. Security Council
resolutions, including Resolution 1483 (2003),

Having worked closely with the Governing Council to ensure that economic change
occurs in a manner acceptable to the people of Iraq,

Acknowledging the Governing Council’s desire to bring about significant change to the
Iraqi economic system,

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Jordanian Prime Minister Samir Rifai, postponed his visit to Baghdad next Monday

Posted: December 31, 2010 in Iraqi Dinar/Politics
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The Iraqi government spokesman Ali Dabbagh said the Jordanian Prime Minister Samir Rifai for his visit to Baghdad, which was scheduled yesterday to next Monday. But did not reveal the reasons for the delay, saying only in a press statement that the visit «postponed from Thursday (yesterday) to next Monday». And I learned from the network

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Kurdish parliament may convene during recess for budget bill

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Erbil, Dec.31 (AKnews)- A member of the Kurdistan Regional parliament said parliament convenes to discuss budget bill anytime the bill arrives, even during parliamentary recess.

The Kurdish parliament has four months recess, Jan. to March and July to Sep.

Zakiya Salih told AKnews the lawmakers are requested to gather in parliament anytime the bill reaches the Kurdish parliament.

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The Ball in the Court of Iraq

Posted: December 31, 2010 in Iraq: Chapter VII, Iraqi Dinar/Politics
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The Great Transformation mechanisms
Baghdad: Centric settlement to end two decades of international sanctions on Iraq that were revealed by the three resolutions adopted by the UN Security Council in the middle of last month, about downloading Iraq responsible for resolving the consequences of two cases left behind by the Security Council, outstanding and are the final settlement of a compensation and the border with Kuwait, and the arrangements for the closure « Development Fund for Iraq »includes solving the problems of lifting the immunity from Iraqi funds in U.S. banks by August (August) next year.

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Talabani reflects on Iraq’s success; UN Sanctions and Formation of Government

Posted: December 31, 2010 in Iraqi Dinar/Politics
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President of Iraq

Jalal Talabani

Talabani: succeeded in 2010 out of the dark tunnel of international sanctions

BAGHDAD (Babuz): Iraqi President Jalal Talabani, Iraq succeeded in 2010 by finishing the largest capital terrorism WWDC nests and face the remnants of firmness and determination with great and out of the long tunnel, which found the Iraqis themselves the result of frivolous policies of the former regime and dragged him to Iraq of UN sanctions The people of Iraq, the lives of the foundation.

This came in a speech addressed to Talabani, the Iraqi people today on the occasion of the new year and the following text of the speech:

“With the advent of a new AD, we present to the people of the Iraqi people our warmest wishes to be the birthday of the new goodness and blessing and peace, a year of renewed hopes and aspirations to continue to work towards laying the foundations for the new Iraq, democratic, federal Iraq free.

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IMF: Two-speed Recovery to Extend into 2011

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Global Economy

  • Two-speed recovery to dominate 2011, with growth remaining slow in advanced economies
  • In emerging economies, challenge for some is to manage possible overheating and capital flows
  • Number of countries in Europe face tough and long macroeconomic adjustment

The two-speed global economic recovery is likely to dominate 2011, with weak growth in advanced economies barely enough to bring down unemployment and emerging markets facing the challenges of success, including how to avoid overheating and handle strong capital inflows, the IMF’s Chief Economist, Olivier Blanchard, said.
In an assessment of the global economy at the end of 2010, and the prospects for 2011, Blanchard said that countries should continue to focus on rebalancing their economies in the coming year, including structural measures and exchange rate adjustments.

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Economist Opinion: Delay approving the budget would reduce the incentive for private sector investment

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Baghdad (news) .. warned a financial expert, Dr. Hamad Al-Bashir Alwan of the delay in approving the budget for the financial Szbbh to reduce the incentive for private sector investment in the country.

Hamad said in a statement to the reporter Agency (news) said today that there is a significant effect might bring delay budget economic because the expenses of the state represents the many aspects of investment expenditure, which absorbs unemployment, including manufacturing, which fill the deficit in the low level of income for many segments of society as well as an actual expenditure by represent the benefits and services that benefit the community and the Iraqi economy.

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Amb of Czech Republic: You must change the distorted image of Iraq in the media

Posted: December 31, 2010 in Iraqi Dinar/Politics
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BAGHDAD / Aswat al-Iraq: invited the Ambassador of the Czech Republic in Baghdad, Thursday, to change the image of Iraq, “distorted” in some media that are trying to show that the country is destroyed and full of terrorists, during a meeting with the Minister of Culture, the new Saadoun al-Dulaimi, said in a statement to the Office of the latter.

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Iraq urges creation of exclusive Arab trade organization

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Baghdad, Dec.31 (AKnews)- The Iraqi prime minister, Nouri al-Maliki’s adviser for financial affairs said Thursday in the coming Arab Summit in Baghdad, Iraq will urge creation of an “exclusive” Arab trade organization, similar to the World Trade Organization (WTO).

The organization is to boost economical cooperation and trade exchange among the oil producing, industrial and commercial Arab countries, Salam Qurayshi told AKnews.

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