With popular uprisings sweeping across the Middle East in recent weeks, Iraq too has seen its share of protests, but the focus here is different. Rather than trying to bring down the (elected) government, the people are expressing their anger at problems such as unemployment, sub-standard public services, scarcity of food, and the corruption and cronyism at the heart of the problem.
Archive for February 24, 2011
Iraq-Business News: A week of surprises
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Iraq, Kurdistan Democratic Party, middle east, Muqtada al-Sadr, Najaf, Protest, Sulaymaniyah
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CBI: There is no significant transfer of funds abroad
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Baghdad International Airport, Central Bank of Iraq, Dinar, Foreign Affairs, IQD, Iraq, Iraqi Central Bank, Iraqi dinar, Saleh
Baghdad, February 24 (Rn) – The Central Bank of Iraq on Thursday that the sale of approximately $ 154 million and a half million, mostly in the form of remittances for Foreign Affairs was a position naturally and is not an indicator for the transfer of substantial funds to the outside nothing to do with the news for the travel of officials and deputies out of Iraq and the confiscation of amounts large at Baghdad International Airport.
Iraq Dep. Minister and Amb Jeffery emphasize importance of activating the strategic framework agreement
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Department for Communities and Local Government, Development Fund for Iraq, Iraq, middle east, Politics of Iraq, U.S.–Iraq Status of Forces Agreement, United States
Mutlaq and Jeffrey emphasize the importance of activating the strategic framework agreement
BAGHDAD / Aswat al-Iraq: Deputy Chairman of the Minister Saleh al-Mutlaq in Baghdad on Tuesday, the U.S. ambassador to Iraq, James Jeffrey and his entourage, and it was stressed the importance of activating the strategic framework agreement between the two countries.
Said a statement issued by the Office of the Deputy Prime Minister received the agency (Voices of Iraq) a copy of it, and pointed out that during the meeting “discussed the bilateral relations between the Republic of Iraq and the United States and ways to expand in all fields to serve common interests.”
CBI: Auction sales $154 million
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Auction, Central Bank of Iraq, Currency, Dinar, dollar, exchange rate, Price
The latest daily currency auction was held in the Central Bank of Iraq on the 24-FEB-2011. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 15 |
| Auction price selling dinar / US$ | 1170 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 154,496,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 154,496,000 |
| Total offers for selling (US$) | —– |
Source: CBI
Iraq expects wave of demos Friday
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Council of Representatives of Iraq, Iraq, Iraqi people, Kurdish people, Kurdistan Democratic Party, Kurdistan Regional government, Sulaymaniyah, United States
Erbil, Feb. 24 (AKnews) – A wave of public demonstrations is expected to sweep across Iraq Friday with protestors calling for better living conditions, employment opportunities and social justice.
The Iraqi people have been disgruntled with the government for not being able to assure basic services like electricity, water and promised food subsidies, in addition to allegations of administrative corruption and social injustice.
Campaigners have called for the demonstrations on social network websites and have set February 25 for a day of protests.
Iraq Security Commission says call for toppling GOI are illegitimate
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Demonstration (people), Iraq, Iraqi government, Iraqi people, Politics of Iraq, Protest, Public services
Baghdad, Feb. 24 (AKnews) – The Chairman of Baghdad’s security committee has deemed calls for the Iraqi government to step down illegitimate whilst assuring that all necessary security measures will be taken in the Iraqi capital for the public rallies tomorrow.
Abdul Karim al-Thareb told AKnews that the period of dictatorship in Iraq has long been over and that demands to change today’s democratically elected government cannot legitimately be voiced as it was the Iraqi people that put them in power.
“Protesting is a constitutional right, but under known conditions,” he said, “…if the objective of the demonstration is to demand the provision of services and legal rights, the demonstrators would have been better to rally in their own regions”.
Maliki expresses his displeasure of senior officials leaving Iraq as demonstrations approach
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Baghdad International Airport, Demonstration (people), Iraq, Iraqi people, Maliki, middle east, Nouri al-Maliki, Prime Minister of Iraq
Maliki expressed his displeasure to leave the senior officials outside Iraq, such as demonstrations
Agencies – Prime Minister Nuri al-Maliki is unhappy about leaving quite a few officials and parliamentarians out of Iraq for fear of demonstrations expected results out on Friday.
An informed source speaking on condition of anonymity, said al-Maliki told some close to him that the demonstrations are the first test of the will of the new government led by noting that there are a number of officials have failed in this exam when they decided to leave Iraq, instead of listening to the demands of the demonstrators and work to implement them. The source added that some people seem as if he wanted to blame the owners alone Mtnsla of its obligations to the government involved.
Maliki in his speech to the people: the suffering of the citizens no one can deny
Posted: February 24, 2011 in Iraqi Dinar/PoliticsBaghdad (news) .. Prime Minister Nuri al-Maliki said the developments in the region and the challenges we all face asking me because I stand between your hands and talk with you clearly and expressly You are the source of legitimacy for all these state and its institutions you give is all you want and Tmanonha who want, noting that the Iraqi people is made sacrifices in order to your decision and take your possessions Hrtm and decide through the ballot box Spa us what you think you and your future.
Allawi postponed his news conference to announce his withdrawal from the political process
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Ayad Allawi, Council of Representatives of Iraq, Iraq, iraqi list, Iyad Allawi, Maliki, Nouri al-Maliki, Political opportunity
A senior source revealed on condition of anonymity that the leader of the Iraqi List, Iyad Allawi to hold press conference today to another slogan
Which it was hoped the announcement for the position of the political process and withdraw from
Update: CBI fire caused by electrical short
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Central bank, Central Bank of Iraq, Government, Iraq, Iraqi Central Bank, middle east, Ministry of Finance
A source at the Civil Defence said the fire that broke out in one-storey building of the Iraqi Central Bank in central Baghdad, was brought under control.
Talabani to visit Kuwait tomorrow to take part in Kuwait celebrations
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Ahmad Al-Jaber Al-Sabah, Baghdad, Highness, Iraq, Jalal Talabani, kuwait, List of emirs of Kuwait, President of France
Talabani
Talabani’s visit to Kuwait tomorrow
- Talabani confirms the strengthening of relations between Iraq and Kuwait
Baghdad (news) .. Begins with President Jalal Talabani on Friday his visit to Kuwait after a call he received from his Highness the Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.
He said a presidential statement received Agency (news for children) on Thursday: “The Taliban will begin tomorrow visit Kuwait to take part in the celebrations of the independence and the liberation of Kuwait.”
Maliki and Talabani give speech to the people; Asks for calm and warns of infiltrators
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Baghdad International Airport, Iraq, Jalal Talabani, Maliki, middle east, Nouri al-Maliki, Sadrist Movement, Wasit Governorate
Talabani, Maliki gives a speech to the people and the latter warns of infiltrators in the demonstrations
Announced by President Jalal Talabani, on Thursday, to confirm the political leaders the need to preserve security and stability in the country, referring to the authority of Prime Minister Nuri al-Maliki to deliver a statement calling for calm and respect for law and order, warned against the last of the infiltrators in the demonstrations for political purposes.
Maliki calls on Iraqi’s to abort demonstrations this Friday
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: al-Qaeda, Baghdad International Airport, Iraq, Iraqi people, Jalal Talabani, Kazem al-Haeri, Maliki, Nouri al-Maliki
Maliki called on Iraqis to “abortion” demonstration twenty-fifth of February
The head of the Iraqi government, on Thursday, the Iraqi people of all sects and denominations and its components to abortion demonstration twenty-fifth of February, because of their objectives and described as “subversive” and want to return Iraq to the back, and emphasized that this does not mean abolition of the right of Iraqis to demonstrate, noting that the Iraqis the right to demonstrate in any place and time is tomorrow.
Baghdad Airport Customs: Many politicians are leaving country prior to protests with large amounts of cash
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Baghdad International Airport, Iraq, Jalal Talabani, kuwait, middle east, Muqtada al-Sadr, Nouri al-Maliki
Customs Baghdad airport to book $ 1.2 million he was carrying politicians have left Iraq during the past 48 hours
A source at Baghdad International Airport, Thursday, that the airport is witnessing the movement of displacement of a large number of Iraqi MPs and politicians, as noted in the source of the Customs Department had been returned to the amount of 1,000,200 thousand dollars politicians try out with them.
The source said in an interview for “Alsumaria News”, “Baghdad International Airport, witness since yesterday, the movement of major displacement of the MPs and Iraqi politicians to break out of the country,” noting that “the numbers of those displaced have doubled today, largely from what it was yesterday.”
Iraq: Committee on Oil and Energy intends to monitor legislation and contracts
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Basra, Contract, Energy, Government, Hussain al-Shahristani, Iraq, Oil Ministry
Baghdad (news) .. A member of the Oil and Energy Committee of the Board of Deputies, Deputy Farhad Atrushi the commission intends to monitor legislation and contracts concluded between the Federal Government and the companies that are complex with it.
He Atrushi told the reporter Agency (news) today announced that “the Commission on oil and energy must have a major role especially with regard to the control of laws, regulations and contracts concluded between the Federal Government and the companies that are contracted with them and especially the Ministry of Oil.”
Brent crude hits over $114 per barrel
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Africa, Brent Crude, Iraq, Libya, middle east, OPEC, Saudi Arabia, United States, West Texas Intermediate
London Brent crude futures above the level of $ 114 a barrel today
To reach its highest level in 28 months driven by growing concerns over the unrest in Libya to other top producers in the Middle East, including Saudi Arabia.
Iraq: Report on Corruption; Commission ruled on 2,322 cases valued over $300 million
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Council of Representatives of Iraq, Ghazali, House of Representatives, Iraq, Political corruption
Restore 1.6 trillion dinars from the operations of corruption in 2010
Integrity seized and referred to the investigation more than three thousands of accused
Revealed the Integrity Commission for the restoration of more than the trillion and 600 billion dinars in 2844 and accused of corruption referred to the competent courts and seized 237 red-handed crimes of corruption during the past year.
The director of the Integrity Commission in Karbala Lawyer bright-Ghazali told a news conference held in the province to discuss the national strategy to combat corruption and the presence of the “morning”: that the issues uncovered by the Commission in 2010 tripled from the year 2009, thanks to the growing capabilities of investigators, the Commission in the prosecution of corruption and rhythm Palmtalpsin.
Jumaili: Allawi may resign from the Strategic Council of Policies; Post not meeting the aspirations of the people
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Ayad Allawi, Iraq, iraqi list, Iyad Allawi, Maliki, Member of Parliament, Nouri al-Maliki, Prime Minister of Iraq
Unit Jumaili: Allawi, to resign from the Board as policies did not meet the aspirations of the people post
The members of the Iraqi List, said Iyad Allawi, head of the list is no longer eager for the post of President of the National Council of the Supreme because of the strategic policies of procrastination by the National Coalition for the adoption of the law of this Council. http://bit.ly/eNvDMM
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MP said coalition and Iraqi unit Jumaili, Wednesday, the coalition, the Iraqi leader Iyad Allawi, to resign from the position of the National Council of Higher as policies did not meet the aspirations of the Iraqi people, noting that her coalition wants to be synonymous in the decision-making.
Ministry of Oil: an early agreement with the companies affect the price of Iraqi oil
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Iraq, Iraqi Kurdistan, Kurdistan Regional government, Ministry of Natural Resources, Oil Ministry, Oil reserves in Iraq, OPEC
Baghdad / / A source at the Oil Ministry said the agreement with the companies early purchaser of Iraqi oil may affect to some extent on the prices, and sold for less than price on the day of delivery.
According to Assem Jihad, spokesman for the ministry, told a special independent news agency, the existence of “a time lag between the time of contracting and delivery time, has contracted with the company and received after a month or two, which affects slightly on prices,” in reference to the additional variation in the supply and demand after the conclusion of the contract.
IMF says weaker dollar would help global growth
Posted: February 24, 2011 in Iraqi Dinar/PoliticsTags: Deficit, Economic, Emerging markets, G-20 major economies, International Monetary Fund, Japanese yen, United States, World economy
VietFinanceNews.com – The International Monetary Fund called for a weaker dollar to help the United States reduce its deficits with the rest of the world and rebalance the global economy, in a report released Wednesday.
In the report prepared for a Group of 20 finance chiefs meeting last week, the IMF said that its calculations showed the dollar remains “on the strong side” of medium-term fundamentals, while the euro and the Japanese yen were “broadly in line” and several Asian currencies, including China, were undervalued.
Why Vietnam’s outlook isn’t all doom and gloom
Posted: February 24, 2011 in Asian Currency MarketsTags: Business, Central bank, Devaluation, Dong, Gross domestic product, Hanoi, State Bank of Vietnam, Vietnam, Vietnamese đồng, VND
VietFinanceNews.com – Michel Tosto, the director of institutional sales and brokerage at VietCapital Securities, talks about Vietnam’s GDP, FX reserves and the overall confidence in the Vietnamese dong.
There are quite a few people who take a doom and gloom perspective on Vietnam, particularly when it comes to its balance of payment outlook. You are more optimistic. Why?
