Archive for July 1, 2011

National Alliance MP: Maliki proposes new candidates be presented for outstanding security minister seats

Posted: July 1, 2011 in Iraqi Dinar/Politics
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Nouri al-Maliki meets with George W. Bush.

Prime Minister Maliki

Maliki will present new candidates for the ministries of security
On: Friday 07/01/2011 12:05

Baghdad (news) .. revealed member of state law and the MP / National Alliance / Jinan Albraism the intention of Prime Minister Nuri al-Maliki to provide new candidates for the ministries of security.

The Albraism in the statement (of the Agency news) Friday: “The political differences between the Iraqi List and the State of law delayed naming ministers security “, calling for political blocs to give validity to the Prime Minister nominate ministers security.

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The National: An effective Iraqi cabinet is not as impossible as it seems

Posted: July 1, 2011 in Iraqi Dinar/Politics
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Jun 30, 2011
The impact of the Arab Spring in Iraq has been comparatively negligible, with one significant exception: the idea of making the Iraqi government smaller is finally gaining some traction. When Adel Abd Al Mahdi resigned as vice president in May, he did so with reference to a growing chorus of dissent from street demonstrators as well as Shiite clergy who demand a smaller and more effective government.

Last week, Prime Minister Nouri Al Maliki also began talking openly about the need for a much smaller government, and a few days ago the Iraqiyya party, too, said demonstrators had made legitimate demands about a government free from honorary positions whose sole purpose was to satisfy ethno-sectarian quotas.

Read More: http://www.thenational.ae/thenationalconversation/comment/an-effective-iraqi-cabinet-is-not-as-impossible-as-it-seems?pageCount=0

UNSC Report: Iraq July 2011

Posted: July 1, 2011 in Iraqi Dinar/Politics
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Expected Council Action

The mandate of the UN Assistance Mission for Iraq (UNAMI), expires on 31 July. The Council is also due to receive the Secretary-General’s regular report on UNAMI in July. The Council seems likely to extend the mission’s mandate. A briefing by Special Representative Ad Melkert is expected.

Key Recent Developments

Ambassador Gennady Tarasov, the high-level coordinator for Iraq/Kuwait missing persons and property, briefed the Council on 22 June. The members of the Council released a press statement the same day welcoming the commitment to full implementation of all Iraqi obligations to Kuwait. The statement also welcomed efforts undertaken in the framework of the technical subcommittee of the Tripartite Commission to develop a functional mechanism for exploratory missions to search for missing persons. (The Tripartite Commission was established under the auspices of the International Committee of the Red Cross in 1991 after the invasion of Kuwait to investigate missing persons. France, Saudi Arabia, the UK and the US participate in the commission along with Iraq and Kuwait. The technical subcommittee focuses on practical aspects of the search.)

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UNSC welcomes Iraq’s assumption of “full” autonomy over DFI proceeds

Posted: July 1, 2011 in Iraqi Dinar/Politics
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Economics 7/1/2011 9:13:00 AM

UNITED NATIONS, July 1 (KUNA) — As the UN supervision of the Development Fund for Iraq (DFI) ended Thursday at midnight, the UN Security Council (UNSC) welcomed Iraq’s establishment of a successor arrangement for the transition, and its assumption of full autonomy over the Fund’s proceeds as of July 1st.

In a statement to the press hours before the expiration period, the Council President, Gabon, late Thursday said the Council members “welcomed the Government of Iraq’s establishment of a successor arrangement for the transition of the Development Fund for Iraq, consistent with resolution 1956″ adopted last year.

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IAMB Press Release: Development Fund for Iraq

Posted: July 1, 2011 in Iraqi Dinar/Politics
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International Advisory and Monitoring Board of the Development Fund for Iraq
Press Release
June 30, 2011
Statement by the International Advisory and Monitoring Board of the Development
Fund for Iraq

The International Advisory and Monitoring Board (IAMB) of the Development Fund for Iraq
(DFI) met in Amman, Jordan on June 30, 2011 and issued the following statement:

“Over the past eight years the International Advisory and Monitoring Board (IAMB) has
overseen the operations of the Development Fund for Iraq (DFI), through which more than
$250 billion of Iraq’s oil export revenues have flowed. Today we conclude our work and are
honored to issue a final report and to hand over our responsibilities to the Iraqi Committee of
Financial Experts (COFE).

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CNN: Iraq takes over billions in oil revenue set aside by U.N.

Posted: July 1, 2011 in Iraqi Dinar/Politics
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(CNN) – Iraq took control Friday of billions of dollars in oil revenues set aside by the United Nations following the 2003 U.S.-led invasion that toppled Saddam Hussein, money intended to be used build up the country’s economy.

The U.N. Security Council hand over of the Development Fund for Iraq is considered a milestone for Iraqi autonomy, which comes as the United States prepares to withdraw its roughly 47,000 troops from the country by the end of the year.

Read more: http://edition.cnn.com/2011/WORLD/meast/07/01/iraq.oil.revenue/

Bloomberg: South Korean Won Rises a Second Week as Inflation Data Spurs Bets on Gains

Posted: July 1, 2011 in Iraqi Dinar/Politics
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South Korea’s won rose for a second week and reached its highest level in almost three years after a government report today showed inflation accelerated last month.

Consumer prices rose 4.4 percent from a year earlier, after a 4.1 percent gain in May, exceeding the central bank’s 4 percent upper limit for a sixth straight month. Exports increased 14.5 percent, resulting in a trade surplus of $3.3 billion, separate data showed. The won also strengthened as Greece approved measures to receive further European Union aid.

Read More: http://www.bloomberg.com/news/2011-07-01/south-korean-won-heads-for-second-weekly-advance-as-inflation-accelerates.html

The Iraqi government is considering the amended version of the draft law of oil and gas

Posted: July 1, 2011 in Iraqi Dinar/Politics
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Baghdad, July 1 (Rn) – The Energy Commission in the Iraqi Council of Ministers chaired by the Deputy Prime Minister Hussein Shahristani said Friday that it received the amended version of the draft law of oil and gas and is studying it in preparation for submission to the Cabinet and then sent to the House of Representatives.

The oil imports about 95% of Iraq’s budget, but so far nothing in the law regulating the affairs of the country despite the conclusion of many of the energy contracts with international companies to develop Iraqi oil fields.

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Bloomberg: Turkey’s Lira Strengthens, Extending Weekly Advance, on Greek Debt Outlook

Posted: July 1, 2011 in Iraqi Dinar/Politics
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The lira strengthened against the dollar, extending this week’s advance, as Greece moved closer to avoiding default.

The lira appreciated 0.2 percent to 1.6200 per dollar at 11:24 a.m. in Istanbul, extending this week’s gain to 1 percent. Two-year benchmark bonds rose, with yields falling two basis points, or 0.02 percentage point, to 9.16 percent, data compiled by Bloomberg showed.

Read More: http://www.bloomberg.com/news/2011-06-30/turkish-bonds-retreat-on-overheating-risks-as-economy-booms.html

Bloomberg: Goldman Sach’s Central Bank Connections Deepen

Posted: July 1, 2011 in Iraqi Dinar/Politics
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The revolving door between Goldman Sachs Group Inc. (GS) and central banks is spinning again.
The fifth-biggest U.S. bank by assets said yesterday it hired Bank of England economist Andrew Benito after recruiting Huw Pill from the European Central Bank in May and Naohiko Baba from the Bank of Japan in January.

Moving in the other direction, Ben Broadbent, Goldman Sachs’s ex-chief U.K. economist, started at the Bank of England last month. Former vice chairman Mario Draghi will take up the presidency of the ECB in November.

Read More: http://www.bloomberg.com/news/2011-06-30/goldman-sachs-connections-with-central-banks-reach-ever-deeper-after-hire.html

Rasheed Bank of Iraq is hiring

Posted: July 1, 2011 in Iraqi Dinar/Politics
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Announcement of the Rasheed Bank – hope that citizens accelerate the printed application form for the drawer of your names within the schedule with high accuracy:

Note: This form is an integral part of the required documents by the Committee to print the form appointments

http://www.rasheedbank.gov.iq/en_search.php

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