Archive for July 21, 2011

The issue of relations, Iraq – Kuwait on the Security Council table

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

“Iraqi gate” while the United Nations announced that the issue of relations, Iraq – Kuwait will be present in the meeting of the UN Security Council ahead, continued for the second consecutive day the positions of parliamentary disapproval and condemnation of the statements by some members of the Kuwaiti National Assembly and Thgmehm on national figures,

Required to silence the voices that call for boycott and the need to respect the Iraqi government elected by its people within the democratic process is unique in the region.

(more…)

High price of gold affects the Iraqi economy

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

On: Thursday 21/7/2011 7:51

Mohammad Karim: During the gold market in Iraq during the past few days, like markets, regional and international substantial rise in the price of gold, as the price of Almthagal (about 5 grams) of it to a $ 231 U.S. and that in less than seven days has left its impact on sales and purchases which stopped almost entirely.

The jeweler said Hisham mind that “the recession affecting the gold market will pay Balsagh and gold traders in the short term to close their shops, especially the continuing high price and that is be expected for sure.”

(more…)

Ban Ki-moon: The slow political progress in Iraq is causing daily problems of citizens

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Confirmed that UN Secretary-General Ban Ki-moon said the slow political progress in Iraq is causing daily problems of citizens.

This came in a recent report to moon in his latest report on Iraq, noting that “The Iraqi people can be proud of the progress achieved over the past eight years, but the country still faces formidable political, security and major development need to be strong support from the United Nations, and the international community. “He also stressed that Baghdad, since the formation of the new government this year, the President has taken steps to strengthen its role in the region, pointing to the failure of the political blocs not to install security departments and ministers, in the lost demand that Prime Minister Nuri al-Maliki to reduce the size of government.

(more…)

MP: Outstanding issues (Kuwait Port) will be addressed objectively with Kuwait in the coming months

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Wednesday 07/20/2011 12:11

Sout Al Basra: The House of Representatives member for the Iraqi bloc white Ahmed Ureybi believed the possibility of resolving the outstanding issues with Kuwait, noting that the joint committees took it upon themselves to resolve these outstanding issues between the two countries.

The Oraibi in a press statement on Wednesday that the outstanding issues with Kuwait will be addressed by the objective during the next few months.

(more…)

Bloomberg: Korea Won Trades Near Three-Year High on Greek Rescue Optimism; Bonds Fall

Posted: July 21, 2011 in Asian Currency Markets
Tags: , , , , , , ,
0

South Korea’s won traded near its strongest level in almost three years as optimism European leaders will break a deadlock over a new Greek bailout bolstered demand for riskier assets, helping emerging markets draw funds.

German Chancellor Angela Merkel and French President Nicolas Sarkozy reached a “joint position on Greece’s debt situation” before a summit today, according to Merkel’s spokesman. The euro rose to a one-week high versus the greenback. The won, Asia’s best-performing currency of the year, may be supported before South Korea’s government announces measures to rein in inflation next week.

Read More:  http://www.bloomberg.com/news/2011-07-21/korea-won-trades-near-three-year-high-on-greek-rescue-optimism-bonds-fall.html

Bloomberg: IMF Urges Stronger Yuan to Protect World From ‘Shocks’ in China’s Growth

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

IMF Urges Stronger Yuan The International Monetary Fund said China should let the yuan gain to boost demand and global economic stability, citing the risk that any growth shocks in the country will hurt the world.

Currency appreciation combined with reforms to rebalance the Chinese economy “would yield substantial benefits,” the fund said in astatement late yesterday in Washington. A “major disruption in China’s so-far steady growth would have material adverse consequences,” IMF directors said.

(more…)

Raundozi: Talabani summit to discuss alternative, interim solutions for security ministers

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Close to Talabani: Iraqi Minister of Defense and to fill the agency
THURSDAY, JULY 21, 2011

Uncovered close to President Jalal Talabani, on Thursday, that the portfolio of the Ministry of Interior will be filled by someone chosen by the National Alliance supported the Iraqi List, stressing at the same time that the portfolio of the Ministry of Defense will be filled temporarily by the Minister of the Iraqi .

The leader of the Kurdistan Alliance Raundozi in an interview (twilight) that “some of the meetings and consultations that took place between the political blocs, resulted in the kind of understanding about the status of a final solution to the issue of the security ministries vacant,” asserting “the existence of alternative solutions and breakthrough of the crisis that hit this issue “.

(more…)

Forex.com: Can a GCC Currency Union ever work?

Posted: July 21, 2011 in Euro, GCC, Investment Tips, Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Can a currency union ever work?

Forex.comBy Kathleen Brooks, Research Director UK, Forex.com

Not long ago people were discussing the prospect of a GCC currency union based along the lines of the euro. But now that the very future of the Eurozone looks uncertain should a common currency for the GCC be abandoned completely?

To answer this question we need to define the perceived benefits of a common currency and then look at what went wrong with Europe and whether it was avoidable.

(more…)

Economic reason to reconsider the plan of the National Development Strategy

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

On: Wed, 07/21/2011 10:33

Baghdad (news) .. Called economic expert, contrary goldsmith to the need to reconsider the plan of national development strategy, stressing that it is able to put the current advancement in the Iraqi economy.

Jeweler said in a statement to the Agency (news): It is necessary to reconsider the plan of the National Development Strategy and should be changed and filling gaps in which it is able to promote the country’s economy,
noting that it is not logical in many of the observations.

(more…)

Ugaili looking application (good governance) with the representative of the World Bank

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

On: Wed, 07/21/2011 14:29

Baghdad (news) .. research chief judge of integrity Rahim Ugaili with the World Bank representative in Iraq Maria Barakller strategy / governance / World Bank that seeks to apply in Iraq and the region, which is characteristic (integrity, transparency and accountability).

A statement by the Commission on Public Integrity today: “The Ugaili expressed his delight with the World Bank to take advantage of previous experiences with countries that have implemented similar strategies in which” expressed interest in the experience of the World Bank with Slovenia.

(more…)

Zebari, British National Security Advisor discuss Kuwait, Arab region relations

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Zebari looking Howarth with changes in the Arab region and relations with Kuwait
On: Wed, 07/21/2011 16:51

Baghdad (news) .. Research and Foreign Minister Hoshyar Zebari, Minister of National Security British Gerald Howarth, the political changes taking place in the Arab region and relations, Iraq – Kuwait.

And said a Foreign Ministry statement received Agency (news) on Thursday during the meeting touched on bilateral relations and develop cooperation between the two countries, particularly in the field of training and capacity building as well as political developments and changes taking place in the Arab region and their impact on the future of the peoples of the region and its countries and the possibility of Iraq to play a positive role in the development of Arab relations as a model for democratic change.

(more…)

Talabani to host fresh crisis talks

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Jalal Talabani and Nouri al-Maliki21/07/2011 14:31
Karbala July 21 (AKnews) – Iraqi President Jalal Talabani is expected to call political leaders of rival political blocs to a new meeting at his house in an attempt to solve the political deadlock over power sharing, an MP from State of Law Coalition said today.

Riyadh Gharib said this meeting will be “the last to finish what has been left from the pending lingering disputes between the political blocs about the National Council for Strategic Policies (NCSP), as Maliki has shown approval on what was agreed upon in Erbil.”

(more…)

Despite the high prices CBI asserts that inflation is under control

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

July 21 2011

Needs no follower of the economic reality to the keen eye to be able to touch the high prices in local markets for materials and goods, as they kept real estate prices increasing almost daily across the country.

And sees specialists in economic affairs that the high prices of materials and goods in local markets in the recent past return to start a corporate global scrutiny at border crossing points, which necessitated the importers bring goods meet international standards, which means that these goods will be much higher than those before the application of corporate scrutiny.

(more…)

Washington Times: Iraq seen poised to emerge as a favorite of investors says World Bank

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

With its neighbors facing political and economic turmoil in the wake of the Arab Spring, Iraq could emerge as a business leader in the region, according to a panel of experts hosted by the World Bank.

“Iraq is going to attract a lot of interest,” Hamid Biglari, vice chairman and head of emerging markets and content at Citigroup, told business leaders at the “Investment Prospects in the Wake of the Arab Spring” conference on Wednesday. “Iraq has already went through its difficult stage.”

Read More: http://www.washingtontimes.com/news/2011/jul/20/iraq-seen-poised-to-emerge-as-a-favorite-of-invest/?utm_source=RSS_Feed&utm_medium=RSS

UNSC: Kuwait calls for meeting to discuss recent tensions with Iraq

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Parliamentarians for “with”: the recent United Nations report may impede exit Iraq from Chapter VII

07/21/2011 11:16

Seems that the recent escalation in the relations with Kuwait will be strongly present at the next meeting of the UN Security Council.

The report of the recent United Nations was clearly a movement which was carried out by Iraq to protest the construction of a port-Mubarak of Kuwait, as well as Kuwait’s claim of Iraq to give a position on the persons and property lost during the Gulf War, the National Alliance For his part, believes that developments may contribute to some extent in the block out of Iraq from Chapter VII.

(more…)

GOI to discuss revised oil and gas law next week

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Baghdad, July 21 (Rn) – An adviser in the Iraqi government on Thursday to discuss the Council of Ministers next week, the revised version of the draft law of oil and gas in preparation to be sent to the Congress for final ratification.

The government’s Energy Committee, headed by Deputy Prime Minister Hussein Shahristani, has handed over the middle of the Council of Ministers the draft law this month after completing adjustments.

And the failure of the House of Representatives to pass Bdorth previous oil and gas law, which was expected to rise oil situation if approved.

(more…)

CBI Daily Currency Auction July 21, 2011: $171 million

Posted: July 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

The latest daily currency auction was held in the Central Bank of Iraq on the 21-JUL-2011. The results were as follows:

DETAILS NOTES
Number of banks 16
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 171,124,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 171,124,000
Total offers for selling (US$) —–