Archive for July 12, 2011

Flashback 7/22/09: Maliki goes to Washington; Obama pledges to help remove Iraq from CH VII sanctions

Posted: July 12, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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White House Transcript

THE WHITE HOUSE
Office of the Press Secretary
____________________________________________________________________
For Immediate Release                                                 July 22, 2009
REMARKS BY PRESIDENT OBAMA
AND PRIME MINISTER NOURI AL MALIKI OF IRAQ
IN JOINT PRESS AVAILABILITY

VIDEO LINK

Rose Garden

3:21 P.M. EDT

PRESIDENT OBAMA: Good afternoon, everybody. I am very pleased to welcome Prime Minister al Maliki back to Washington. We’ve just concluded a very productive discussion about a wide range of issues.

We meet at an important moment. Substantial progress has been made since Prime Minister Maliki’s first visit to Washington in 2006, and since the Prime Minister and I had a chance to sit down together in Baghdad. Violence continues to be down, and Iraqis are taking responsibility for their future. This progress has been made possible by the resilience of the Iraqi people and security forces, and also because of the extraordinary service of American troops and civilians in Iraq.

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The state of law bloc emphasizes that the issue of security minister will be decided in the coming days

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Tuesday July 12, 2011

BAGHDAD – The leader of the coalition of state law, Deputy Muhammad Chihod Tuesday that the issue of security will nominate ministers decisively in the coming days, noting that the meeting of leaders of political blocs in the house of President of the Republic of Iraq to make the last re-nomination of Khalid al-Obeidi of the Ministry of Defense. “

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MP: Differences between state of law and Iraqi List on the formation of security ministries are still ongoing

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Tuesday July 12, 2011

BAGHDAD – babysit – MP for the coalition of state law Ihsan Yassin that differences persist between the coalition and the Iraqi List, on the formation of the security ministries. “

Yassin said in a statement to the news agency public opinion (and babysit) on Tuesday: “still the question of the formation of the security ministries ranged in the same points of contention between the coalition of state law and the Iraqi List, and there is anything new about this childbirth.”

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GOI approved construction of government sanctioned Islamic Bank

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Iraq entering the age of islamic banks 

Iraq has approved the construction of a government Islamic bank with capital reaching 250 billion dinars (about $214 million).

The new bank will be under the supervision of the Central Bank of Iraq and will be administratively linked to the Finance Ministry.

An Iraqi official confirmed that the Islamic bank will work to attract significant capital and will contribute to the process of integrating governmental and private banks. The Iraqi government also decided to allow the operation of Windows in governmental banks.

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ISX: FMG Iraq Fund Reports First Year Results up 25%

Posted: July 12, 2011 in Iraqi Dinar/Politics
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The FMG Iraq Fund has grown by + 25% since it began in May 2010. Year to Date the fund is up + 10% and in the month of June it was up by an estimated + 4.1%.

The Fund invests mainly in stocks listed on the Iraq Stock Exchange (ISX) and to a lesser degree in off shore listed shares that derive a significant part of their business from Iraq.

Johan Kahm, founder of FMG, who visited Iraq in June 2011 and said upon his return:

“Iraq is turning the corner for the better. We are looking at a unique investment opportunity where we hope to make outsized returns over the next 5-10 years. Our decision to launch the Iraq Fund a year ago seems to have been well timed. Iraq sits as the third largest proven oil reserves in the world and has the potential to overtake Saudi Arabia as the world’s largest oil producer.”

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Economist calls on CBI and Ministry of Finance to prevent corruption during the lifting of the zero’s from the currency

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Senior Economist calls for intensified efforts to prevent corruption during the lifting of the zeroes
On: Tuesday 07/12/2011 14:30

Baghdad (news) .. called economic expert to the condensing Sumaisem peace efforts of the Ministry of Finance and Central Bank cooperation to ward off any cases of corruption may occur when you delete the zeros from the currency.

The Sumaisem told Coenurus Agency (news) on Tuesday: It is assumed that intensified efforts during the process of removing the zeros from the Iraqi currency, decision makers the economic, whether by the Ministry of Finance which raise financial decision or the Central Bank, which raises the decision cash.

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Party leaders discuss ways to accelerate completing vacant ministries

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Jaafari to discuss with the leaders of the Iraqi List, the possibility of rapidly filling the vacant ministries

Baghdad (news) .. search the National Alliance President Ibrahim Jaafari, with Finance Minister and leader of the Iraqi List, Rafie al-Issawi and President of the Iraqi parliamentary bloc Salman Jumaili the overall functioning of the political process and the ongoing updates.

A statement from the office of Dr. Jaafari received (IAEA Alabjairh the children) a copy of it on Tuesday: “The al-Jaafari discussed with al-Issawi and Jumaili total progress of the ongoing political process and updates, as well as ways to move forward and accelerate the filling of ministerial portfolios vacant.

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

Iraqi banks have insufficient capital to guarantee major investments, Request for foreign investment

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Iraqi bank assets not sufficient for major foreign investment projects
Baghdad, July 12 (AKnews) – The assets of Iraqi backs are not large enough to make their use by international companies realistic, resulting in major investment projects being impeded, the Iraqi Electricity Ministry said today.

Spokesman Musab al-Mudarres told AKnews: “Iraqi banks cannot provide financial guarantees to foreign companies because their capital is below the guarantees expected by corporations.”

“The Ministry of Electricity has submitted a request to the Council of Ministers about the need to facilitate banking transactions and involving well-known foreign banks in the guarantees.”

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

Iraq Minister of Electricity: Banking controls impede contracting with international companies

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Baghdad, July 12 (Rn) – The Iraqi Ministry of Electricity Federal, Tuesday, that the bank controls impede contracting with international companies, which would require parliamentary legislation.

The teacher told Musab al-Kurdish news agency (Rn) that “the Federal Ministry of Electricity and facing the problem of banking transactions with international companies, as the controls are required to provide letters of guarantee in government banks, raising fears of those companies.”

“The Ministry of Electricity rose to the presidency of the Council of Ministers the need to facilitate banking procedures and the involvement of foreign banks approved and well known in the letters of guarantee.”

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Iraq calls for the U.S. to complete a deal to sell 36 fighter jets F16

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Egyptian warplanesErbil, July 12 (Rn) – The government of Iraqi Prime Minister Nuri al-Maliki, the U.S. government to agree to complete the deal to sell 36 fighter jets F16, according to the site daily, “Wall Street Journal” U.S..

The newspaper published a story today stating, “The Iraqi government called on the United States to agree to complete the sale of Baghdad 36 fighter aircraft F16 American-made,” noting that “the value of the deal was worth several billion U.S. dollars,” pointing out that “Washington’s goal behind the deal to enable the Iraqi Air Force and limit Iranian influence in the Iraqi arena along with the consolidation of mutual relations with Baghdad, especially after the scheduled withdrawal of troops from Iraqi territory by the end of this year.”

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Maliki to travel to China this week in search of investment

Posted: July 12, 2011 in Iraqi Dinar/Politics
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iraq anf china flag

Baghdad, July 12 (AKnews) – Iraqi Prime Minister Nouri al-Maliki will travel to China this week in a bid to attract Chinese investors to Iraq, an advisor to the PM said today.

Ali al-Mousawi told AKnews that Maliki will head a trade delegation, following an official invitation from the Chinese government.

Mousawi said Chinese companies are already heavily engaged in investment in Iraq, “but research shows that China is interested in entering in Iraqi market in a much more significant way.

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CBI Daily Currency Auction July 12, 2011: $162.5 million

Posted: July 12, 2011 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 12-JUL-2011. The results were as follows:

DETAILS NOTES
Number of banks 20
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 162,530,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 162,530,000
Total offers for selling (US$) —–

Commission looks to integrate Dept of Homeland Security with Ministry of Interior in efforts to reduce government

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Security and Defence reveal a tendency to abolish the Department of Homeland Security and integrate the institutions of the Interior

Revealed to the Commission on Security and Defense parliamentary Tuesday, the existence of a trend in the prime minister to abolish the Department of Homeland Security, and integrated into institutions of the Ministry of the Interior, as pointed out that all political blocs to support this argument.

A member of the Hassan Jihad in an interview for “Alsumaria News”, “there is a tendency to the prime minister to abolish the Department of Homeland Security within the Plan Limbering Ministerial Government is seeking to be implemented soon,” noting that “The approach requires to cancel and make it an organ of security incorporated into the institutions of the Ministry of Interior “.

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State of Law Bloc: the responsibility of resolving disputes is vested in the committees of the blocks Talabani

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Confirmed a coalition of state law, led by Nuri al-Maliki, on Monday, that the committees formed at a meeting of leaders of blocs is now responsible for resolving disputes and outstanding issues between the political blocs.

The MP said the coalition of state law bloc affiliated with the National Alliance, endorsed chewing gum in an interview (twilight) that “the committees formed according to the agreement of the political blocs take it upon themselves to resolve outstanding issues and differences between the political blocs, and for internal affairs.”

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BMI: Iraq Infrastructure Report (Jun-11)

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Following years of conflict, reconstruction in Iraq is continuing to fuel significant contract awards. The
sheer number of projects underway should drive solid industry growth over the medium term, with growth
in the real value of the construction industry set to average 9.7% between 2011 and 2015. News that the
US$37bn development plan for social and economic infrastructure is progressing provides further upside
to our optimistic forecasts.

With social and economic infrastructure forming a significant portion of government investment, we
expect strong growth to continue over the medium term. In 2011, growth of 15% is expected, due to the
number of contracts awarded. Owing to the substantial project pipeline, real growth is forecast to average
9.7% between 2012 and 2015.

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National Alliance: Next week’s party meeting will bring consensus on ministry issues and US troop withdrawal

Posted: July 12, 2011 in Iraqi Dinar/Politics
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National Alliance to resolve the Ministry of National Security and postpone the issue to the Commission next week

Resolution of the National Alliance at its meeting Tuesday evening debate on the Homeland Security Department after it was scheduled to be transferred to a device for security and not the Ministry.

A source in the alliance from within the meeting room of the reporter and the agency all of Iraq [where] that “the leaders and representatives of the blocks were part of the National Alliance agreed at their meeting today to keep the Homeland Security Department and not transferred to the security apparatus.”

“The House debate on the ministry during a meeting today after launching the theme of conversion to a national security and not the Ministry, but it would resolve to keep in place such as the Ministry.”

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Parliament resumes today

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Parliament held its tenth meeting, chaired by Tayfur and the presence of 170 deputies

The Council of Representatives, Tuesday, its tenth year, the second legislative chaired by Second Deputy President of the Council and the presence of 170 deputies, with parliamentary source that the meeting will discuss the report from the reality of the Faili Kurds and their problems, as well as read a number of draft laws the most important draft law on combating trafficking in human beings .

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National Alliance discusses the results of the meeting of leaders of political blocs

Posted: July 12, 2011 in Iraqi Dinar/Politics
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BAGHDAD (Iba) .. met yesterday evening, the political body of the National Alliance, led by Ibrahim al-Jaafari and the presence of representatives of the political blocs annexed to it.

Jaafari’s office said that the conferees Tbagesoa the results of the meeting of leaders of political blocs and the last positions on the topics raised and discussed the prospects of the work of the Independent Electoral Commission for elections and ways to improve their work to the level of responsibility to attend to the confidence of all the political blocs.

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Allawi: Iraqi List’s effort to unify will now stop Maliki’s plan to break our plan

Posted: July 12, 2011 in Iraqi Dinar/Politics
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  • The failure of Maliki’s plan to delete from the political game Allawi
  • Allawi’s efforts fail to break up al-Maliki in the Iraqi List, by including the unity of Iraq to the ranks of his list

Announced last night joined the list of the unity of Iraq to the Iraqi List.

Observers consider it a political message delivers it to the owners of content Allawi’s efforts failed last in the fragmentation of the Iraqi List, a list that came out stronger in the ranks of other legislators.

During the news conference, Allawi announced that the coalition and the unity of Iraq has now merged with the Iraqi List, fully integrated. He said that the coalition leaders who have decided to merge with the Iraqi their historical role is clear in the installation of the principles of national direction and Democrats have “been the day to achieve this integration, God willing, and will integrate also the forces and other figures in the national project to achieve the happiness and welfare of the Iraqi people.”

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Othman: Sec of Defense visit to Iraq is a precursor to a visit by U.S. Vice President

Posted: July 12, 2011 in Iraqi Dinar/Politics
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BAGHDAD (Iba) … Considered a member of the House of Representatives of the Alliance forces Mahmoud Othman, the Kurdish minister’s visit, U.S. Defense Leon Panetta, the current of Iraq is a precursor to a visit by Vice President Joe Biden anticipated.

Said Othman told the independent press (Iba) The timing of this visit has to do with Balawdaalrahna in Iraq, especially with the controversy over the extension and withdrawal of U.S. troops, adding that he would discuss it with all the Iraqi parties.

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Source: Reduced, U.S. troops to remain in Iraq until the 2016

Posted: July 12, 2011 in Iraqi Dinar/Politics
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Secret memo: U.S. troops remain in Iraq until the 2016
Revealed a secret memo from semi-agreement between Baghdad and Washington over U.S. troops to stay until the end of the year 2016. The note identifies the decisions and rules that will be used by the Americans in Iraq after the end of the year.

The newspaper “term” for Iraq that “the memo show the presence of intense debate among Iraqi and U.S. governments on international forces to be an alternative to the U.S. counterpart after the end of 2011 to protect the border and training Iraqi forces.”

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Bloomberg: Rupiah, Won Will Lead Asian Currency Gains This Half, Top Forecaster Says

Posted: July 12, 2011 in Asian Currency Markets
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Indonesia’s rupiah and South Korea’s won will lead Asian currency gains for the rest of 2011 as central banks use appreciation to counter inflation, says Credit Suisse Group AG (CSGN), the region’s most-accurate forecaster.

The rupiah will climb 4.5 percent and the won 4 percent in the six months through Dec. 31, after the two currencies were also the best performers in the first half, according to Credit Suisse, which Bloomberg data show had the best projections for the six quarters through June 2011. The Thai baht will climb 4 percent following a peaceful election on July 3, the bank predicted. Barclays Plc (BARC), which ranked second, expects the Taiwan dollar to perform best with a 4.7 percent advance.

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