Obama to address the nation on debt stalemate at 9pm ET. Watch live: on.msnbc.com/oHY8UX
Archive for July 25, 2011
Tags: Obama debt
Tags: Central Bank of Iraq, Currency, Deletion (genetics), economy, Economy of Iraq, Iraq, Iraqi dinar, Turkey
Yasser incumbent moving the monetary authority in Iraq, led by the Iraqi Central Bank to raise three zeroes from the national currency in circulation and the target as they say, to rein in inflation and bring down prices and the disposal of large blocks of cash.
This action or this experiment passed by several states, according to economists.
The mere launch of a statement such as this kind of news make a citizen was looking forward to caution many of the stakeholders, the owners are asking for money, effects that may result from this procedure (deletion of zeros).dealer assumed it owed Haider shop owner assumed also 100 million dinars says Alaa: How can I accept 100 thousand dinars of Haider in the case of deleting three zeros?. (more…)
Tags: Council of Representatives of Iraq, Hosni Mubarak, Iraq, Iraqi Parliament, kuwait, Kuwaiti, Politics of Iraq, Saddam Hussein
KUWAIT: An Iraqi MP has stoked rising political tensions between the two countries by remarking that ‘Kuwait has been stealing Iraqi oil’ through slant-drilling. He emphasized that the parliamentary committee, of which he is a member, will investigate the issue.
MP Oday Awwad, a member of Iraq’s parliamentary energy committee, said that a sub-committee has been formed to study the subject and verify controversial reports. The accusations are reminiscent of charges leveled by former Iraqi dictator Saddam Hussein before the 1990 invasion of Kuwait.
Awwad’s accusation follows recent controversy over Kuwaiti authorities’ apparent failure to inform Iraqi counterparts of its plan to build Mubarak Al-Kabeer port project, which Kuwaiti officials have flatly denied.
The MP said that the committee members will pay a visit to the Kuwait-Iraq border to confirm if slant-drilling is being practiced, before reporting its findings to the Iraqi Parliament.
Tags: Ayad Allawi, Baghdad, China, Excellency, Iraq, Jalal Talabani, Maliki, Nouri al-Maliki
BAGHDAD: President, Jalal Talabani and Prime Minister Nuri al-Maliki ways to solve problems and develop the political process and strengthen national harmony between the various political factions in the country.
He made the statement following the meeting, Talabani said:
“Today was good to meet with our brother dear Mr. Nuri al-Maliki and told us about his trip to China trip, which he considered very successful and very fruitful, God willing, Iraq will serve this trip very much, as we discussed in public issues and, as usual, the views were consistent and our estimates are identical.”
French Ambassador: We are ready to help Iraq out of CH VII; Iraq has several components to build its economy wellPosted: July 25, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
Tags: Arab people, Baghdad, Chapter VII of the United Nations Charter, france, Iraq, kuwait, middle east, United Nation
Najaf, July 25, 2011 (AKnews) – confirms the French ambassador to Iraq, Denis Gauer said his country believes that Iraq has elements of several assisted in building a good economy, noting that France hopes to find Iraq’s position in the world, because everyone needs to Iraq refreshed Acasadia and quiet in the system the new Arab and stresses through the board Goyer following interview conducted by the correspondent and news agency Kurdistan (Rn) in Najaf, that his country is ready to help Iraq out of Chapter VII and assist in the rebuilding and reconstruction:
(Reuters) – Iraq is looking to raise its 2012 investment budget to as much as 60 trillion Iraqi dinars ($51 billion) to inject more money into ongoing investment projects and to start new ones, its planning minister said
Read more: http://reut.rs/q01V9w
CBI Advisor would be surprised if executive, legislative branch calls for a delay in changing of currencyPosted: July 25, 2011 in Iraqi Dinar/Politics
Tags: Arabic language, Central bank, Central Bank of Iraq, Currency, Economy of Iraq, Iraq, Iraqi dinar, Kurdish language
Advisor to the Central Bank Surprised the Draft Decision to Delay Change Currency
Surprised at the appearance of the central bank adviser Mohammed Saleh, deciding to delay a project to change the currency of Iraq by the executive and legislative branches,stressing that the project will come out of economic problems and conflicts in Iraq.
He attributed the benefit of reasons to change the Iraqi currency was the result of inflation happening in Iraq as well as to improve the value of the Iraqi currency, calling the government to speed up the Iraqi currency to the feminine and re-structure to facilitate cash transactions and projects.
He stressed “the need for feminine Iraq because the Iraqi currency has today  trillion Iraqi dinars.
Tags: Bank of Sudan, CBS, Currency, Omar al Bashir, South Sudan, Southern Sudan, Sudan, Sudanese Pound
The Central Bank of Sudan (CBS) launched the new Sudanese Pound throughout North Sudan on Sunday.
The South Sudan Pound began circulation on 18 July, nine days after the country spilt amid fears that North and South Sudan will become engaged in economic warfare.
South Sudan seceded on 9 July after its people voted in a plebiscite in January 2011. The vote came as a stipulation of theComprehensive Peace Agreement (CPA) which ended more than two decades of civil war in 2005.
Tags: Asia, Gross domestic product, Hanoi, Monetary policy, Money supply, Nguyễn Tấn Dũng, State Bank of Vietnam, Vietnam
VietFinanceNews.com – Vietnam will maintain a tight monetary policy in August after inflation accelerated for an 11th month in July, Nguyen Xuan Phuc, chairman of the government office, said at a briefing in Hanoi today.
Consumer prices jumped 22.16 percent from a year earlier, compared with June’s 20.82 percent pace, data released by the General Statistics Office yesterday show. That’s the highest inflation rate tracked by Bloomberg among 17 economies in Asia.
Tags: Custodian of the Two Holy Mosques, Libya, middle east, National Commercial Bank, Real gross domestic product, Saudi Arabia, Saudi Arabian Monetary Agency, United States
Saudi Arabia’s foreign assets are forecast to reach a new peak of 1.9 trillion riyals ($506.6 billion) at the end of 2011 from 1,806 billion riyals in April due to strong oil prices and higher crude output, the National Commercial Bank (NCB) said.
Crude prices hovering at $100 a barrel have allowed Saudi Arabia, the world’s largest oil exporter, to experience robust revenues over recent months.
The kingdom had also boosted its crude supply to one of its highest levels of 9.4 million barrels a day to plug the gap in Libya’s output disrupted by civil unrest.
Wall Street Journal: IMF says Chinese Yuan Remains Substantially Below Fundamentals, Should boost valuePosted: July 25, 2011 in Asian Currency Markets
Tags: China, Dow Jones & Company, Economy of the People's Republic of China, Financial services, Government-owned corporation, Inflation, International Monetary Fund, Real estate
WASHINGTON (Dow Jones)–Inflation, real-estate bubbles and weak monetary controls pose “significant risks to financial and macroeconomic stability” in China, and China should boost the value of its currency to combat those threats, the International Monetary Fund said.
The IMF used its annual review of China’s economy to lay out a broad agenda of change for China–including a stronger currency, higher interest rates, reduced advantages for big state-owned enterprises and a liberalized financial sector. Such changes were necessary, the IMF argued to improve Chinese living standards and reduce conflict with its trading partners.
Tags: Ammar al-Hakim, Arbil, Ayad Allawi, Iraq, iraqi list, Jalal Talabani, Massoud Barzani, Nouri al-Maliki
Announced that the Iraqi List led by Iyad Allawi, on Monday, the postponement of the next meetings of the Taliban until further notice, while not confirmed that the tripartite agreement of the behind the postponement, she noted she had lost hope of resolving the differences that state law is not responsive.
The MP said the Iraqi List, Mohammed al-Khalidi in an interview for “Alsumaria News”, “meetings of President Jalal Talabani, the next has been postponed until further notice because of the tripartite agreement Paradise to resolve differences between Iraq and the rule of law initiative in Erbil.”
Khalidi added that “the Iraqi List, has lost hope to resolve differences that state law is not responsive to resolve differences,” asserting that his list “will hold a meeting on Wednesday in the presence of Allawi and al-Hashemi to discuss political developments.”
Tags: Baghdad, CNN, Iraq, iraqi list, Jalal Talabani, Nouri al-Maliki, Politician, United States
Baghdad, Iraq (CNN) – Iraqi political leaders were unable to meet a self-imposed deadline this weekend to decide whether to request U.S. troops stay beyond a planned end-of-the-year withdrawal, lawmakers told CNN.
The deadline imposed by President Jalal Talabani passed over the weekend with lawmakers divided over how or even whether to request an extension, raising questions about when Iraq may ask and whether it will be too late to turn around withdrawing troops.
Tags: Auction, Central Bank of Iraq, Currency, Dinar, Economy of Iraq, Iraq, Iraqi dinar, Price
The latest daily currency auction was held in the Central Bank of Iraq on the 25-JUL-2011. The results were as follows:
|Number of banks||19|
|Auction price selling dinar / US$||1170|
|Auction price buying dinar / US$||—–|
|Amount sold at auction price (US$)||162,848,000|
|Amount purchased at Auction price (US$)||—–|
|Total offers for buying (US$)||162,848,000|
|Total offers for selling (US$)||—–|
Tags: Brent Crude, Debt, Greenwich Mean Time, Light crude oil, New York Mercantile Exchange, reuters, United States, United States Congress
Oil falls to $ United States due to the delay in the payment of debt
PUKmedia for Reuters 07/25/2011 13:46:49
Hovered futures prices for oil near U.S. $ 117.70 a barrel after declining nearly $ stalled talks, the U.S. Congress over the weekend, making investors away from assets that volatile and high-risk Monday.
And overshadowed by fears of the possibility of reducing the credit rating of the United States or failure to pay debts on optimism about economic growth after the price of Brent crude oil jumped above $ 118 a barrel after reaching a tentative solution to the debt crisis of the euro area.
Tags: auto, Automobile, Automobile industry in China, automotive, Automotive industry in the United States, Company, Recreation, United States
BAGHDAD (Iba) .. the company announced the Auto Trade and machinery of the Ministry of Commerce it would open the door of the registry on the various cars imported and marketed and supplied by the private sector contracting with the company in August next.
The general director of the company Adnan Raza said the company is negotiating with suppliers for the purpose of reducing car prices stated, adding that the registration of cars that will be announced by the company through the website of the company http://www.gamcoirag.com.
Tags: Baghdad, Central Bank of Iraq, Chairman, Iraq, Politics of Iraq, UNDP, United Nation, United Nations Development Programme
Received the Deputy Prime Minister Nuri Shaways example, has typically in his office in Baghdad, today, Monday, 7.25, and a delegation of the UNDP for the UN UNDP ( United Nations Development Programme).
The delegation presented during the meeting, a review of the project to develop local areas in the provinces and districts, counties and who has completed the first phase of it, and the second phase will start soon and it is hoped that the last 3 years and cover all governorates of the country.
Tags: Arab people, Conscription, International Convention for the Suppression of Acts of Nuclear Terrorism, International Convention for the Suppression of the Financing of Terrorism, Iraq, Nouri al-Maliki, Reading, Statute
House of Representatives resumes its sessions tomorrow to discuss the government program submitted by the al-Maliki and the passport system
Monday, July 25, 2011 10:41
A parliamentary source told the whole of Iraq [where]: “The agenda of tomorrow will include a discussion of the government program and discuss the issue of the passport system number (2) for the year 2011 and the first reading of a bill to ratify the Statute of the Arab environment and facilities. “
Economist calls for the Ministry of Finance to take immediate action to prevent the collapse of the banking sectorPosted: July 25, 2011 in Iraqi Dinar/Politics
Tags: Central Bank of Iraq, Central Bank of Myanmar, Finance Ministry, Iraq, Iraqi dinar, List of banks in Iraq, Office of the Prime Minister, Private bank
BAGHDAD (Iba) .. Expert called for the adoption of bank rescue measures immediately to prevent the collapse of private banks in Iraq, which may bring them back to square one and dissipate economic reform efforts exerted for years.
The expert, who asked not be named, told the independent press (Iba) that the existence of a banking system integrated is one of the most important pillars of the national economy and confidence in him and encouraged to deal with it, which is the gateway to the development of all economic sectors, and is the basis for handling cash between individuals, companies and institutions at home and as well as its dealings with the outside.
Tags: Boston Herald, Chamber of commerce, Investment, Iraq, middle east, Oil field, United States, World Bank
BAGHDAD newspaper (Boston Herald) (U.S. in an editorial for the day Sunday, that investment in Iraq would make him the country of the work of a pioneer in the Middle East, having reached a certain level of political stability, but the share of U.S. companies from investing low a lot, What made the United States in this area for a young player, despite rumors that Iraq’s oil and wealth behind the United States invaded the country.
The newspaper said the U.S. that increasing stability in Iraq encouraged the rush of foreign investment for him, despite the passage of eight years of the invasion led by Washington, the idea that the Bush administration deliberately to him in order to exploit Iraq’s oil and other resources.
The opinion of the newspaper that the United States is still a young player in the field of investment in Iraq, even as it comes after France. and attached the paper to say that there is no irony in this speech, referring to the that (the newspaper USA Today) quoted in the last week that foreign investment in Iraq, the other on the right track to double in the year 2011.
The (USA Today) quoted a report about the company’s minimum Consulting as saying that Iraq is attracting $ 45.6 billion as an investment foreign , in the first half of this year, an increase of about 3 billion dollars more than was the case in 2010. and reveal the Herald, the Forum held a recent World Bank has an agreement with business leaders that Iraq, after reaching a certain level of political stability, on the verge of starting to be a pioneer in the business sector in the region. and the movement of one of the experts participating in the Forum, he described Iraq as investment opportunity is the most exciting in the Middle East at the moment. and follow American newspaper that no one now throw billions in new plants glamorous or gardens government institutions, so that the risk of investing money and personnel in Iraq is still high, but the building of new schools and residential complexes, and contract to develop oil fields in the country, and rebuild its electrical grid dilapidated, are the areas that show the bidders are willing to work. and move on (USA Today) as saying that at the time which occupies South Korea quarter of the investment in Iraq, during the current year, the American Chamber of Commerce is currently seeking to encourage more U.S. companies to consider options available in Iraq.
The daily reminds that there are a myriad of legal complexities and security interference in the decision of U.S. companies , although the U.S. government and business groups working to overcome obstacles, as well as teams, provincial reconstruction work in Iraq, sponsored exhibitions several Katolokut Made in America by exposure to U.S. companies, mostly operating sector, construction and industrial equipment. and concludes Boston Herald editorial saying that even France acknowledged that the climate in the rest of Iraq to improve, and this is good news for the people of Iraq.
Tags: Defence minister, Iraq, iraqi list, Maliki, Ministry of Defence, Nouri al-Maliki, Tariq Al-Hashimi, Vice President of the United States
Araji: Hashemi, ready to give up his current position and handed the portfolio of the Ministry of Defence
Hinted MP Zuhair Araji coalition in Iraq to leave the possibility that Vice President Tariq al-Hashemi and received his current portfolio of the Ministry of Defence.
Araji said that Hashemi was ready to give up his current position in the event of his accession to the post of defense minister. He added that the Iraqi discussed at its last meeting and the proposal does not have any disagreement within the list and the approval of everyone around him.
Tags: Baghdad, Committee, Council of Representatives of Iraq, Iraq, Maliki, Nouri al-Maliki, Politics of Iraq, Prime Minister of Iraq
Baghdad, July 25 (Rn) – The Committee on Economics parliamentary day, Monday, that bill of infrastructure will be put forward for discussion during the meetings of the House of Representatives this week, indicating that it will be concluded to focus on the project and the call to the speed of the vote to be the direct implementation.
The Iraqi Council of Representatives had previously rejected a bill infrastructure made by the then government to grant companies a great investment for infrastructure projects worth 70 billion dollars in a deferred payment at the time were many of the industrialized world which is undergoing a lot of money.
Tags: Ammar al-Hakim, Ayad Allawi, Ibrahim al-Jaafari, iraqi list, Jalal Talabani, Mahmoud Othman, Massoud Barzani, Nouri al-Maliki
Presidency denies fixing a new date for the meeting of the blocks
BAGHDAD / Aswat al-Iraq: Prime Office of the Presidency of the Republic, Sunday, set a new date for the meeting of heads of political blocs, the home of President Jalal Talabani, who was to be held tomorrow as Alosbuaaan deadline set by the last meeting.
The Nasirani told (Voices of Iraq) today, “The date of the meeting the heads of blocs in the house of Talabani did not specify the date, and that the political differences between the blocks is still going on.”
Source: New name emerges as potential defense minister candidate; Science and Technology Minister Abdul Karim al-SamarraiPosted: July 25, 2011 in Iraqi Dinar/Politics
Tags: Ayad Allawi, Iraq, iraqi list, Ministry of Defense, National Alliance, Nouri al-Maliki, Science and Technology Minister of Israel, Tariq Al-Hashimi
News on the nomination of the Minister of Science and Technology for the defense portfolio
Posted 25/07/2011 06:30 AM
BAGHDAD (Omaima Younis), revealed a political source familiar with the personal candidate to take over the portfolio of the Ministry of Defense agency is the Science and Technology Minister Abdul Karim al-Samarrai, not the vice president and leader of the Iraqi List, Tariq al-Hashimi, as he emphasized the National Alliance had no objection to Tozer Hashimi, at a time leaked news of the postponement of the third presidential meeting scheduled today, because of the failure of the Tripartite Commission to conclusive results concerning the difference between state law and Iraqi, as well as uncertainty regarding the fate of the U.S. military presence.
Tags: Abbas al-Bayati, Deputy prime minister, iraqi list, Maliki, Member of Parliament, Nouri al-Maliki, Parliamentary Affairs, Political coalition
Posted 25/07/2011 07:00 AM
BAGHDAD (Shaima Rashid): adds the House of Representatives Saturday by Prime Minister Nuri al-Maliki, according to the latter asked to clarify the inter important files. This was announced by the decision the House of Representatives MP Muhammad Al-Khalidi, indicating that the purpose of attending al-Maliki is to clarify some ambiguities and to discuss the issue of ministerial Limbering.
Khalidi said in a statement the “morning”: that “the House of Representatives unanimously approved the Ministerial Limbering in a previous session, but remains the question of regulation mechanisms and the nature of the remaining ministries that we need .. and will be discussed during the visit of Maliki.”
Tags: Aswat al-Iraq, Baghdad, Iraq, Maliki, Muhammad Iqbal, Nouri al-Maliki, Political coalition, United States armed forces
7/24/2011 7:21 PM
BAGHDAD / Aswat al-Iraq: Middle Coalition MP Mohammed Iqbal stated today that the political blocs are waiting for the security report of Premier Nouri al-Maliki to determine their position on the question of the U.S. forces extension or withdrawal.
He pointed out that “the blocs’ stands are directed to the public opinion, without knowing the real situation of the Iraqi security and military capabilities.”
1990 – Talks between Iraq and Kuwait over oil and border disputes break off, with 100,000 Iraqi troops massed on the Kuwaiti border.
2002 – Iraqi Foreign Minister Naji Sabri invites U.N. weapons inspectors to visit Iraq for the first time since 1998.
Tags: Baghdad, Iraq, iraqi list, Jalal Talabani, National Alliance, Nouri al-Maliki, Political coalition, State of Law Coalition
Date: Mon 25/07/2011 9:28
Baghdad (News) .. most likely a member of the state of law and deputy / National Alliance / Kurd Ali Husseini, said that should he leave for the meeting of leaders of political blocs on the expected outcome of a critical crisis with Iraq.
The political scene in a state of tension may lead to new agreements due to lack of understanding of Council policies, which came through strategic agreement that produced the Erbil government called the designation of national partnership.