Archive for July 11, 2011

Reuters: Iraq plans new Europe accounts to protect oil money

Posted: July 11, 2011 in Iraqi Dinar/Politics
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BAGHDAD | Mon Jul 11, 2011 12:46pm EDT

BAGHDAD (Reuters) – Iraq will open accounts at three European central banks to protect oil revenue from claims by commercial creditors when immunity at the U.S. Federal Reserve runs out, a senior central bank official said on Monday.

Iraq holds the bulk of proceeds from its oil export sales in the Development Fund of Iraq (DFI) account at the New York Fed but will lose legal immunity on that account next May.

It plans to move at least part of that money to central banks in Britain, France and the Netherlands where the money would be protected.

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Parliamentary delegation to arrange Pope Benedict XVI visit to Iraq

Posted: July 11, 2011 in Iraqi Dinar/Politics
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7/11/2011

An Iraqi parliamentary delegation discussed in Rome, Italy, the expected visit of Pope Benedict XVI to Iraq.

In a statement issued by the Chairman of the Parliamentary Foreign Relations Commission, Sheikh Humam Hammoudi, as was received by Aswat al-Iraq, the delegation took part in the seminar held at the Italian parliament today (Monday) on the role of the parliament in facing social effects and national economic reform, as well as electronic parliament support in Egypt, Iraq and Lebanon.

Arrangements are being finalized for this visit to the historical city of Ur in southern Iraq, as stated by Iraqi ambassador to the Vatican, Habeeb al-Sadr.

http://en.aswataliraq.info/Default1.aspx?page=article_page&id=143713&l=1

CNBC: Shell, Mitsubishi Expected to Sign Iraq Gas Deal

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Natural GasThe Iraqi government is expected to sign a $12 billion gas deal with Royal Dutch Shell and Mitsubishi Corp on Tuesday, Dow Jones reported.

Murtadha al-Jashaamy, deputy spokesman of Iraq’s oil ministry, told Dow Jones that the initial contract should be signed on Tuesday.

The joint venture between Iraq’s South Gas Co. (51 percent) Shell [RDSA-GB 2245.50 -11.50 (-0.51%) ] (44 percent) and Japan’s Mitsubishi Corp. (5 percent) concentrates on gas from three of Iraq’s southern oil fields – Rumaila, Zubair and West Qurna Phase 1, the DJ report said.

The gas will be sold to the Iraqi government for domestic power generation, according to Dow Jones.

Read more:  http://www.cnbc.com/id/43713671

 

Iraq Petroleum Council 2011 in London; July 12-14

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Iraq Petroleum 2011, is taking place in The Landmark Hotel, London on 12-14 July 2011.

The event presents the perfect opportunity for strategic discussions with key government representatives.

The Iraq Ministry of Oil has been actively promoting its oil and gas resources and attracting foreign investment and international project partnerships.

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Bloomberg: Fed Rates on Hold Longest Since 1940s

Posted: July 11, 2011 in US Economy
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The Federal Reserve may keep interest rates at record lows for the longest period since World War II as the economic slowdown that sparked a four-month bond rally worsens, according to Treasury market signals.

The 3-percentage-point gap between yields for three-month and 10-year Treasuries indicates the economy may grow 1.1 percent in the 12 months ending June 2012, a study by the Fed Bank of Cleveland says. That’s less than half the central bank’s current forecast, and may delay any rate increase from the zero- to-25 basis point range held since December 2008.

Read More:  http://www.bloomberg.com/news/2011-07-11/fed-on-hold-longest-since-1940s.html

Bloomberg: Best Currency Forecasters Say Dollar Slump Over

Posted: July 11, 2011 in US Economy
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By Garth Theunissen and Allison Bennett – Jul 11, 2011

The best currency forecasters say the dollar’s 13 percent slide over the past year is coming to an end as Europe’s deepening debt crisis discourages bets against the world’s reserve currency.

Led by Schneider Foreign Exchange Ltd., the five most- accurate firms during the six quarters through June 30 as measured by Bloomberg see the dollar trading at $1.42 per euro on average by year-end, compared with $1.43 on July 8. Against the yen, they predict the greenback will rise to 83 from 80.64.

Read More: http://www.bloomberg.com/news/2011-07-11/best-currency-forecasters-say-worst-is-over-for-dollar-after-index-tumbles.html

Vietnam Dong Weakens on Speculation Rate Cut May Fuel Inflation

Posted: July 11, 2011 in Asian Currency Markets
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VietFinanceNews.com – Vietnam’s dong weakened on speculation last week’s cut in borrowing costs could fuel inflation and reduce investor confidence.

The State Bank of Vietnam dropped its benchmark interest rate by one percentage point on July 4, even after year-on-year inflation reached 20.8 percent in June, the highest among 17 Asian economies tracked by Bloomberg.

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Iraq participates in the work of the Economic and Social Council of the UN in Geneva

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Monday, July 11, 2011

Iraq participated diplomatic delegation acting substantive session of the Economic and Social Council, which is one of the principal organs of the UN Palais des Nations in Geneva, which will last until 29 this month.

The Foreign Ministry statement received all of Iraq and the whole [where] a copy of it on Monday that “the delegation chaired by Ambassador Mohamed Ali Hakim, the Permanent Representative of the Republic of Iraq in Geneva.”

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Iraqi Parliament to resume Tuesday; first and second reading of seven draft laws

Posted: July 11, 2011 in Iraqi Dinar/Politics
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brlman1Monday, July 11, 2011 14:51

A parliamentary source told the whole of Iraq [where] “The meeting Tuesday will see the first reading of the bill and the Ministry of Municipalities and Public Works first reading of the draft law on combating trafficking in human beings, and the first reading the draft law to grant monthly for patients with immune deficiency.”

He added that he “will also read the report about the reality of the Faili Kurds and their problems, and the second reading of a bill of literacy and second reading of the draft law the Iraqi Housing Fund and the second reading of the draft Law on the Ministry of Tourism and Antiquities.”

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Maliki determined to conduct a census before the end of the year

Posted: July 11, 2011 in Iraqi Dinar/Politics
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BAGHDAD (Rn): Prime Minister Nouri al-Maliki, said Wednesday he will begin serious endeavors to persuade the political blocs to conduct a census before the end of this year, stressing that the government needs to Exact data to develop a booming strategic plans.

Maliki said at a conference held in the Secretariat of the Council of the Prime Minister on the occasion of completion of the inventory of housing by the Ministry of Planning and attended by the correspondent of the News Agency of Kurdistan (Rn) that “the Iraqi government and the Higher Committee of the census completed all the accessories needed to conduct the census during the coming period and before the end this year after an extensive tour to begin to convince the political blocs need to end the political differences about it. “

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Sadrists: Biden’s visit to Iraq aims to put pressure on Baghdad to extend the U.S. presence

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Erbil, July 11 (Rn) – The spokesman for the Liberal bloc, one of the components of the Sadrist movement, his belief that the upcoming visit of U.S. Vice President Joseph Biden to Iraq to placate the Iraqi government and pressure in order to extend the stay of U.S. forces in the country.

He said Salah al-Obeidi told the Kurdish news agency (Rn) announced today that “Washington is seeking a variety of ways to put pressure on officials of Baghdad in order to further extend the U.S. presence in Iraq after the expiration of the survival of its troops by the end of the year 2011,” noting that “it is contrary to the security agreement between Baghdad and Washington “.

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Maliki to discuss with U.S. Defense Secretary’s withdrawal of their troops from the country this afternoon

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Baghdad (news) .. Confirmed high-level government source said Prime Minister Nuri al-Maliki will meet today, and U.S. Defense Secretary Leon Panetta, to discuss the issue of the withdrawal of U.S. forces the end of 2011.

The source said in a statement (of the Agency news) on Monday: Panetta said Maliki will meet this afternoon to discuss with him the issue of the withdrawal of U.S. forces, and the possibility of extending its presence, especially as the Iraqi security forces are still not complete processing.

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UN stresses need for Iraq to develop population policies and strategies, census

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Assured the United Nations Mission in Iraq, Monday, that the country needs to develop policies and strategies of the population as a prelude to explore future needs and ensure appropriate planning for him, while noting that the census is the only picture of instantaneous reality, called opponents of the census to not be seen as a tool to find rights and entitlements.

The head of the United Nations Mission in Iraq, Ad Melkert, during the ceremony held by the Planning Ministry in Baghdad on the occasion of World Population Day, attended by “Alsumaria News”, “policies or strategies aimed at enhancing the situation of young people, human rights and equality for all segments of Iraqi society and the means possible to enter through which the Government of Iraq and civil society in partnership and ownership of the policies that will make a difference, not only in the quality of life in Iraq but on the level of recognition of the regional and global level. “
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Kuwait Ambassador: Port project will benefit both countries; Denies intent to build nuclear reactor

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Kuwaiti ambassador’s (the future of Iraq): no intention to build a nuclear reactor and the selections are not against the entry of Iraqis

07/11/2011 0:00

Announced the Kuwaiti ambassador to Iraq, said the completion of the ports of Mubarak and the FAO will benefit the economic both countries by facilitating the passage of goods and speed the completion of projects that are in favor of the economy, and the Khor Abdullah is one of the larger waterways.

He denied to the insured in an interview with the newspaper (the future of Iraq) that affect the port project Mubarak on Iraqi territorial waters that the port based on the land of Kuwait and do not exceed the tide Near and far from the coast of Iraq, noting that the port will expand maritime labor between Iraq and Kuwait.

http://wp.me/pZC7o-9dY

 

U.S. Economic Council of Iraq opens its work in Baghdad

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Opened in Baghdad the day of the Economic Council of Iraq the U.S., which was recently agreed between Baghdad and Washington.

Prime Minister Nuri al-Maliki discussed with the U.S. delegation to activate the work of American companies in the field of construction, reconstruction and investment in the framework of the Council, in line with the strategic framework agreement signed between the two countries.

He reiterated the U.S. delegation, which included deputy national security adviser Denis McDonough and Assistant Secretary of State Thomas Nyder and National Security Advisor to the Vice President Anthony Blinken, Washington’s support for Baghdad in the efforts to maintain Iraq’s stability, prosperity and development of its economy and infrastructure.

http://wp.me/pZC7o-9dU

Economist calls for the activation of e-government system in the constituencies

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Date: Mon 11/07/2011 11:29

Baghdad (news) .. Stressed the economic expert as beautiful on the need to activate the e-government system in all government departments, pointing out that this system will facilitate citizen review, without the effort and trouble.

Jameel said in a statement to the Agency (news): “If there was a system of e-government and exploited devices correctly in the computer departments of the state helped to solve many problems with the Iraqi citizens, “

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Source: Iraqi List has made a final decision to nominate Obeidi for Defense Minister

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Monday, July 11, 2011
Iraq: Khaled Al-Obeidi, a label for a bag of Defense became a done deal

BAGHDAD – A source in the Iraqi List led by Iyad Allawi said on Monday that the issue of nomination of Khalid al-Obeidi of the Ministry of Defence has become a settled matter.

The source, who preferred anonymity said: “This matter has become a foregone conclusion after the generated Everyone believes that al-Obeidi acceptable to all political blocs.”

He pointed out that “the Iraqi List, you want to resolve the issue positions and one basket, such as the security ministries and the National Council for the strategic policy to be allocated to Iyad Allawi, head of the list.”

http://wp.me/pZC7o-9dK

 

Ali Falh: State law will meet on Wednesday to discuss political developments

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Baghdad (news) .. revealed the leadership of the coalition of state law and the MP / National Alliance / Ali Falh that his bloc will meet on Wednesday to discuss political developments.

Said Falh in a statement (the Agency news) on Monday: “State of Law will hold its regular meeting on next Wednesday, to discuss political developments, and will listen to what they posed to the negotiating committee.

Falh described the proposal to vote on the presidency of the National Council for the strategic policies within the Council itself to (the old), he said, adding that “a coalition of state law did not take a stance on this proposal up to now.”

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Maliki: Talabani Summit resolutions to form a committee will be binding for all blocs

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Baghdad, July 11 (Rn) – The deputy of the State of Law, headed by Nouri al-Maliki, on Monday, that the decisions of the Committee set up by the President of the Republic during the last meeting to resolve outstanding issues between Iraq and the rule of law will be binding on the parties.

The leaders of political blocs, a second meeting the day before yesterday at the home and Talabani attended by all parties without the absent and resulted in the formation of a committee to resolve the outstanding issues between the Iraqi List and a coalition of state law.

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Committee to resolve political differences begins its work

Posted: July 11, 2011 in Iraqi Dinar/Politics
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11/07/2011

Witnessing the coming hours the start of the committee to resolve differences that shape the political leaders Saturday.

This comes at a time when it was announced the head of the Liberal Bahaa al agreed that the vote on the decision to withdraw U.S. troops from the country’s unanimous, not majority, as confirmed by the coalition of state law for controversial and described as “quiet” between Prime Minister Nuri al-Maliki and the existing Iraqi President Iyad Allawi at the meeting of the leaders.

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National Alliance expects resolve to security ministries in the next week

Posted: July 11, 2011 in Iraqi Dinar/Politics
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BAGHDAD  - sign National Alliance MP for the coalition of state law, Abbas al-Bayati said the resolution is a file security ministries during the next week, noting that the meeting Talabani in which the latter agreed to vote on the names that were introduced in the House of Representatives. “

Al-Bayati said in a statement singled out by the news agency public opinion (and babysit) on Sunday: “It’s no real desire now to all the blocks out of the current crisis because the continued conflict does not serve the political process.”

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House of Representatives received the work program of the Maliki government

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Iraqi Parliament, Parlamani IraqBaghdad, July 11 (Rn) – The Iraqi Council of Representatives on Monday, for receiving the work program of the government of Prime Minister Nuri al-Maliki, consisting of 400 pages, indicating that the program will be distributed to the members of the House of Representatives in order to study it.

The Council decision Muhammad Al-Khalidi at a press conference held at the Council House and attended by the agency Kurdistan News (Rn), “The House of Representatives recognizes the government program of the Council of Ministers, consisting of 400 pages,” noting that “the program will be distributed to the members of the House of Representatives for consideration prior to submitting it to discussion within the Council of Representatives. “

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Iraqi List, Kurdistan agree on a proposal to vote on Allawi as head of the Supreme policies within the National Council

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Revealed the official spokesperson of a coalition of Iraqi MP Maysoon al about a proposal by the Kurdistan Alliance, on the chairmanship of the National Council for Higher politicians.

Damluji said in a statement to the Agency by news that the Kurdistan Alliance, submitted a proposal to the presidency of the National Council, and agreed to by Iraq, indicating that the proposal includes a vote on the presidency, Iyad Allawi of the policies within the Supreme National Council, and then be ratified by parliament on this vote. “

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Former MP says agreement is difficult; rules out resolutions over the two week period

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Monday, July 11, 2011
Parliamentary blocs reached an earlier rule out succession issue within two weeks

BAGHDAD – ruled out by the National Alliance and the former parliamentary nostalgia Qaddo to reach the political blocs to resolve the succession during the period set by the meeting of leaders of political blocs, the latter, pointing out that the terms of the Erbil is very difficult and not easy to reach solutions that satisfy all parties in the matter of implementation. “

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National Alliance held an important meeting today to discuss a number of sensitive issues

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Monday, July 11, 2011

BAGHDAD – babysit – source revealed that the National Alliance will hold an important meeting on Monday to discuss several sensitive topics.

The source said: “The coalition will discuss several important topics and sensitive in the meeting for the day and on his head on withdrawal of U.S. occupation forces and the security file.”

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State of Law MP: Committed to resolving Erbil Agreement; No need for new initiatives

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Deputy for the State of law: the initiative are committed to Arbil and we are not in need of new initiatives
11:58:11 / 07/2011

He Shaker Darraji member Iraqi Council of Representatives for a coalition of state law in a statement to “Khandan that” what matters coalition meetings and ongoing dialogues, particularly the initiative of His Excellency President Talabani is to reach solutions to problems and outstanding issues that hinder the political process and come up with results satisfactory to all parties.

He announced Darraji in the context of his statement that the National Alliance and a coalition of state law are considered agreement Arbil reference only to solve problems and dialogue with other blocs, also stressed Darraji was no need for new initiatives the other, adding that the Iraqi List, raise the ceiling of its demands at each meeting or a meeting or dialogue other than the coalition state law which calls for the implementation of agreements on Arbil government was formed under it.

He Darraji hope that you can joint committee formed from the various political blocs to reach results that satisfy all parties and therefore out of the impasse experienced by the current political situation.

http://wp.me/pZC7o-9ds

House announces the arrival of the Maliki’s government program

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Announced the decision of the Iraqi Parliament, Monday, the arrival of the government program to the Council, while the likely possibility of an invitation to the Prime Minister and several ministers to discuss the program in Parliament, expected to be agreed upon between the political blocs.

Said Mohammed al-Khalidi in a press conference held by the House and attended by “Alsumaria News”, “government program, arrived in the House of Representatives, and contains 400 pages, will be distributed among the 325 deputies for the purpose of his study and discussed during future meetings.”

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State of Law bloc: List provided us Ministry of Defense candidates outside the terms offered

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Baghdad, July 11 (Rn) – The list of damage to the rule of law, led by Prime Minister Nuri al-Maliki, on Monday, the Iraqi List, provided the prime minister candidates for the defense portfolio does not apply to them the terms offered before, as spokesman of the Iraqi List, said “the list refuses to put any internal problem between the political blocs to outsiders including the United States of America.

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Deputy for the rule of law calls for the abolition of the National Council for the strategic policy

Posted: July 11, 2011 in Iraqi Dinar/Politics
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07/10/2011 20:24

Missan / Aswat al-Iraq: MP called for a coalition of state law Mohammed Saadoun Chihod, Sunday, to the cancellation of the National Council for the strategic policy demanded by the Iraqi leader Ayad Allawi.

He Chihod told (Voices of Iraq) that “the process of reducing its government must rely on the scientific and professional, from the integration of the ministries with jurisdiction converging, and the abolition of all positions surplus, including, in particular the National Council for the strategic policy which is the main obstacle in finding a solution to the problems encountered in the process politics in Iraq. “

He Chihod that “the abolition of the National Council of policies a step that should be, and success achieved selfless by the political blocs, especially Iraq,” noting that “to Avaúdh of Limbering Ministerial in the presence of claims to establish the National Council of the policies broad powers.”

http://wp.me/pZC7o-9dB

Sources: New agreement between the Pentagon and Iraqi called “training and armament”

Posted: July 11, 2011 in Iraqi Dinar/Politics
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Monday, July 11, 2011 09:27

Political sources confirmed that there is a new agreement for which negotiations are currently taking place between the Pentagon and the Iraqi Ministry of Defense in order to pass a new agreement under the title [of training and armament.

The sources said in a statement summed up by the Agency for all of Iraq [where] on Monday that “the new agreement being plotted behind the scenes, which entitles the survival of approximately [16] thousand U.S. troops to stay in Iraq.”

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