Archive for July 29, 2011

Next week, Iraq will send delegation to Kuwait to discuss Mubarak port project

Posted: July 29, 2011 in Iraqi Dinar/Politics
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Ministry of OilIraq decides to send a delegation to Kuwait to provide him with information from the Port of Mubarak

Baghdad, July 29 (Rn) – An adviser in the Iraqi government on Friday, the formation of a technical delegation to visit Kuwait in order to see the Port Project Kuwait plans to build in the Persian Gulf and opposed the Iraq that he says would restrict its path of water, which raised tensions between the two neighboring countries.

Kuwait has rejected Iraq’s request last Wednesday to halt work at the port of Mubarak Al-Kabeer, and said that work is continuing on schedule, planned, and stated that the Iraqi request to stop work is surprising, and not based on any legal basis.

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Kurdistan Premier: Serious dialogue needed between Kuwait and Iraq

Posted: July 29, 2011 in Iraqi Dinar/Politics
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7/29/2011 5:37 PM

BAGHDAD / Aswat al-Iraq: The Kurdish Government’s Premier Barham Saleh called today for a serious and brotherly dialogue between Iraq and Kuwait, pointing out that the tension in relations will not benefit the joint interests of the two sides.

Saleh stated to Al-Sharq Al-Awsat daily, published today, that problems between the two countries should be solved by diplomatic means, not by media wrangling, taking into consideration the sensitivity of relations.

“The memories of Saddam Hussein’s invasion still haunt every Kuwait.

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MP: Iraq will yield to international pressure; Spanish court will question Iraqi officials, Maliki

Posted: July 29, 2011 in Iraqi Dinar/Politics
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Iraq will yield to int. pressures – MP
7/29/2011 3:53 PM

BAGHDAD / Aswat al-Iraq: Al-Iraqiya bloc’s spokesperson Maysoon al-Damalouji expressed her expectations that Iraq will yield to international jurisdiction on improving the humanistic side of Iranian opposition Ashraf Camp residents, pointing out that “the case does not need to punish them.”

In a statement issued by her office, as received by Aswat al-Iraq, she added that the decision made by the Spanish court on the killings that took place in the camp had its impact on the political arena here.

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Maliki in parliament on Saturday to discuss a plan to reduce the number of ministries

Posted: July 29, 2011 in Iraqi Dinar/Politics
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BAGHDAD (AFP): The Iraqi Prime Minister Nuri al-Maliki told parliament Saturday to discuss his plan to reduce the number of ministries, while his government postponed a meeting of leaders of political blocs was designed to examine the question of U.S. withdrawal from the country.

The MP said Salim Abdullah told AFP that “the invitation had been extended to the Prime Minister to attend the parliament session, which will be held Saturday to discuss the government program and Limbering Ministers.”

He announced a parliamentary source said the existing Iraqi President Iyad Allawi’s most prominent political opponent of the owners “will attend the Saturday session as well.”

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US Navy Captain: Iraq Navy, Kuwait Coast Guard participate in joint training mission in Persian Gulf

Posted: July 29, 2011 in Iraqi Dinar/Politics
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Iraqi Navy and Coast Guard to Kuwait are carrying out a military exercise in the Gulf, a U.S. format

Announced the leadership of U.S. forces in the south, on Friday, for the naval forces of Iraq and the Kuwaiti Coast Guard to the implementation of a training exercise involved in the Persian Gulf, pointing out that the maneuver is aimed at addressing the problems caused by illegal fishing within the territorial waters of some countries in the Gulf.

A statement issued today by U.S. forces in the south, and received “Alsumaria News”, a copy of it, “The naval forces of Iraq and the Kuwaiti Coast Guard were carried out, last Monday, the first maneuver of joint training in the waters of Persian Gulf under the supervision and coordination directly by the U.S. Navy.” the statement quoted Captain in the U.S. Navy Aaron Huff that “the joint exercises the fruit of the efforts of the Advisory Mission and Altdrebh the U.S. for the rehabilitation of Iraqi sailors, and enhance maritime cooperation between Iraq and Kuwait,” he said, adding that “the exercise will contribute to the solution of problems that occur between the two countries due to illegal fishing.”

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UNSC adopts UNAMI extension; Urges Iraq to meet its outstanding CH VII obligations

Posted: July 29, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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SECURITY COUNCIL ADOPTS RESOLUTION 2001 (2011), EXTENDING MANDATE OF UNITED NATIONS ASSISTANCE MISSION FOR IRAQ

Reaffirming the importance of the United Nations Assistance Mission for Iraq (UNAMI) in helping the Iraqi people and Government strengthen democratic institutions, advance inclusive political dialogue and national reconciliation and facilitate regional dialogue, the Security Council today decided to extend its mandate for 12 months.

Unanimously adopting resolution 2001 (2011), the 15-member body, also decided that the Secretary-General’s Special Representative for Iraq would, at the Government’s request, continue his mandate, as stipulated in resolution 1936 (2010).

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Video: A day in the life of UN Secretary General Ban Ki Moon

Posted: July 29, 2011 in General Topic, Iraqi Dinar/Politics
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Talabani to postpone summit meeting until further notice

Posted: July 29, 2011 in Iraqi Dinar/Politics
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Announced that the Iraqi List led by Iyad Allawi, on Friday, the postponement of the meeting of leaders of political blocs, which was scheduled to take place on Saturday until further notice.

Said a spokesman for the Iraqi List, Maysoon al in an interview for “Alsumaria News”, “It was postponed a meeting of leaders of blocs, which was to be held on Saturday,” and attributed the cause to “synchronize time with the death of the mother of Kurdistan Region President Masoud Barzani, which shifts without the presence of the majority of political leaders. “

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Iraq calls for Kuwait to halt work on megaport until reassurances are given

Posted: July 29, 2011 in Iraqi Dinar/Politics
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imageBAGHDAD: Baghdad called on Kuwait yesterday to suspend work on a controversial megaport until Iraq is assured its shipping lanes will not be squeezed by the project but Kuwait said work on the project will continue. The $1.1 billion facility, on Kuwait’s Boubiyan Island, is scheduled for completion in 2016. Baghdad fears the Mubarak port will compete with its own Faw and Khor Al-Zubair ports and “strangle” Iraq’s shipping routes.

The Iraqi government asks the Kuwaiti side to stop work on the Mubarak port until we are assured that Iraqi shipping lanes, and free and safe navigation, will not be affected,” government spokesman Ali Al-Dabbagh said in a statement. “There is no information and data to assure the Iraqi government that its navigation interests will not be damaged” by the project, the statement said. It requested Kuwait to “hand over all information needed by Iraq to ensure that its rights will be preserved.

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Iraqi List: PM should choose their candidate for Defense Minister officially, temporarily as sign of cooperation

Posted: July 29, 2011 in Iraqi Dinar/Politics
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Leadership in the Iraqi prime minister calls for the selection of one of candidates to the Ministry of Defence

A leader of the Iraqi List, and Vice President Tariq al-Hashemi, said Thursday, Prime Minister Nuri al-Maliki to choose a candidate by his list for the position of the Ministry of Defense, or one of its ministers who are within the ministerial team for the assumption of the office temporarily, as detect the presence of positive messages of the political blocs to confirm the need to resolve outstanding issues.

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Contradictory reports for nominee of Defense Ministry

Posted: July 29, 2011 in Iraqi Dinar/Politics
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Contradictory reports on the designation of candidates and the Ministry of Defense

Revealed a coalition of state law that Prime Minister Nuri al-Maliki decided to assign the Culture Minister Saadoun al-Dulaimi, the Ministry of Defense agency, said a source within the coalition that the nomination of al-Dulaimi’s office came to when the agreement of the political blocs on one of the candidates for the position and assignment Maliki Saadoun be announced within the next two days,

And the Iraqi List has announced the approval of al-Maliki to appoint Abdel Karim al-Samarrai in the same position but he has not been an official announcement yet, be mentioned that Prime Minister Nuri al-Maliki, who is the security ministries now acting has been nominated previously and former Defense Minister Saadoun al-Dulaimi, the Ministry of Defence, but this nomination is not accepted some political blocs, especially the Iraqi List, which considered the nomination of al-Dulaimi, a coup against the agreement Erbil.

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Iraq: Kuwait has received more than $33 billion in compensation so far

Posted: July 29, 2011 in Iraqi Dinar/Politics
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Posted 29/07/2011 09:23 AM

GENEVA (AFP): The United Nations handed over Kuwait billion and $ 60 million of the value of Compensation for the invasion of Iraq, its territory, which began receiving in 1994, as announced by the Commission United Nations Compensation in a statement . In this final installment, to be received from the Kuwait war reparations so far to 33.3 Billion dollars, and continues to be on Baghdad to pay about 19 ​​billion dollars.

The bulk of the The amount you paid yesterday went to a private Kuwaiti companies and governments and the general number of countries that Affected by the war (especially the embassies) and international institutions .

Iraq now and pay 5 percent of the oil and gas revenues to a special fund of the United United to compensate for the occupation of Kuwait for seven months in 1991.

http://bit.ly/pPs33V

Kuwait officials, activists feel differently; Illogical For Iraq To Interfere In Internal Affairs Of Kuwait

Posted: July 29, 2011 in Iraqi Dinar/Politics
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MPs, Activists Urge Govt To Go Ahead With Mubarak Port Project

KUWAIT CITY, July 28: Several Kuwaiti lawmakers and political activists on Thursday urged the Kuwaiti government to press ahead with the construction of Mubarak Al-Kabeer port and disregard the request of its Iraqi counterpart to put the project on hold. This came after Iraq called for the suspension of the project until it is assured that its shipping lanes will not be affected. Asserting Iraq has no basis for opposing the implementation of the project, MP Dulaihi Al-Hajri pointed out Iraq has been giving flimsy reasons for its objection to the construction of the port. He believes Iraq is against the project because it will give Kuwait an economic vantage point among other countries in the region. He appealed to the foreign affairs minister to exhaust diplomatic means to thwart any attempt to impede Kuwait’s journey towards prosperity.

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Allawi: Iraq List stresses the need to implement Erbil agreements which will achieve national partnership

Posted: July 29, 2011 in Iraqi Dinar/Politics
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Iyad Allawi

Stressed the Iraqi List led by Iyad Allawi, the need to implement an agreement Erbil given their importance in achieving national partnership, while critical of “procrastination and delay” rule of law, led by current Prime Minister Nuri al-Maliki, in its implementation, promised that the delay in resolving the ministries security was the cause of the increase of “violence and chaos” in the country.

The Iraqi statement, the Agency has received reports of public opinion (and babysit) a copy of it, she “held on Thursday, a meeting chaired by Iyad Allawi, which included members of the heads of political blocs or their representatives, ministers and members of the House of Representatives, to review the political situation and the resulting meetings of committees about a meeting of the political blocs in the residence of President Jalal Talabani. “

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Allawi received call from VP Biden on political developments

Posted: July 29, 2011 in Iraqi Dinar/Politics
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2734_1044Allawi and Biden Showcase Latest Developments of the political process in Iraq

Reviewed the Iraqi leader Ayad Allawi, with Vice President Joe Biden’s latest developments in the political process in Iraq.

A statement by Allawi’s office and the agency has received all of Iraq [where] that “the existing Iraqi President received a phone call from Vice President Joe Biden was which they discussed the future of US-Iraqi relations.

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OANDA: Swiss Franc the New Reserve Currency?

Posted: July 29, 2011 in Other Currencies, US Economy
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In times of uncertainty, nervous investors historically tend to gravitate towards the CHF and JPY. Today, the CHF printed an all time high against the dollar (0.7990) on the back of Euro-contagion concerns and the US debt ceiling impasse.

From a portfolio perspective, it’s expensive to have all your ‘eggs in one basket’. The Swiss fundamentally have their own issues. This week’s KOF Economic Barometer or leading indicators, came in softer than expected, which should have been negative for the currency, however, with the market being so nervous, the currency is unlikely to see much near term relief.

The market is also propping up the currency as the Swiss government is finding it difficult to recycle their current account surplus. The SNB are not even comfortable with the idea of being a reserve currency. They have proven that intervention has not worked.

Read More: http://forexblog.oanda.com/20110728/swiss-franc-the-new-reserve-currency/

Bloomberg: IMF Chief Says USD May Lose Currency Reserve Status Amid Debt-Limit Crisis

Posted: July 29, 2011 in Investment Tips, US Economy
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International Monetary Fund Managing Director Christine Lagarde said the dollar’s standing as the world’s main reserve currency may be diminished as U.S. lawmakers fail to lift the nation’s debt limit.

The U.S. currency has had an “exorbitant privilege because it was the reserve currency that most central banks had,” Lagarde said in an interview on PBS’s “Newshour” yesterday. “If there was a dent in this exorbitant privilege and the confidence that most people have towards the dollar, it would probably entail a decline of the dollar relative to other currencies.”

Read More: http://www.bloomberg.com/news/2011-07-29/lagarde-says-u-s-dollar-may-lose-privilege-amid-debt-crisis.html

WSJ: Weaker Dollar Fuels Sales; Currency Effect Benefits Some U.S. Companies, but Costlier Materials Mute Impact

Posted: July 29, 2011 in Iraqi Dinar/Politics
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By CHANA R. SCHOENBERGER

The weak dollar is propping up some U.S. companies’ second-quarter results, even as it contributes to high commodity prices that have forced them to pay more for raw materials.

The impact can be uneven. Revenue at companies with strong export sales, such as Colgate-Palmolive Co. and Caterpillar Inc., are getting a lift from the weak dollar, while those with heavy expenses abroad and no offsetting revenue there are being hurt. As the dollar loses value, profits earned abroad fetch more when converted into dollars.

Read More:  http://online.wsj.com/article/SB10001424053111903635604576474250853077710.html?mod=googlenews_wsj

Iraq seeks US training deal for interior ministry

Posted: July 29, 2011 in Iraqi Dinar/Politics
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Iraq’s interior ministry plans to sign a deal with the US government to supply scores of US civilian security personnel to train its troops, a senior Iraqi security official said.

The agreement, which requires Iraqi cabinet approval, would mean the interior ministry at least will have little need for US troops to stay on beyond their planned year-end withdrawal, senior ministry official Adnan Al Asadi told Reuters.

Iraq wants the United States to supply several thousand trainers for its military, sources have said, but is still debating whether to ask Washington to leave some troops behind for training, especially to fill gaps in their capabilities.

Mr. Asadi said the deal with Washington would supply Iraq with 200 security advisers and experts from the U.S. Federal Bureau of Investigation. They will be deployed at the training centers in Baghdad, Basra, Arbil, Mosul and maybe Hilla.
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Iraqis are preparing for Ramadan; Monday, August 1st

Posted: July 29, 2011 in Iraqi Dinar/Politics
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BAGHDAD (owners Ahmed): Baghdadis these days preparing for Ramadan. And crowded markets and private Shorja market in central Baghdad shoppers to buy supplies to prepare dishes that Atkhalo table of Ramadan.

Although the Shorja market is one of the most important shopping center in Baghdad, the distance and traffic congestion prompted many, including Muhammad or to buy the accessories table of Ramadan dishes from the grocery stores in residential neighborhoods.

It seems that the biggest challenges faced by families of Iraq these days is the high food prices and attract the grocer Abu Ali to the price per kilogram of dates which starts fasting break their fast by reaching four thousand Iraqi dinars.

High prices and lack of resources led many families to buy tableware Ramadan on a daily basis was also confirmed by the grocer Abu Haidar.

http://bit.ly/pXkEed

Al-Mansour Bank opens in Najaf

Posted: July 29, 2011 in Iraqi Dinar/Politics
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The opening of Al-Mansour Bank with a capital estimated at (100) billion Iraqi dinars in Najaf
Friday 29/7/2011 4:35

Within the economic and physical preparation for the celebration of Najaf, the capital of Islamic Culture 2012 opened in the province of Najaf, Al-Mansour Bank investment paid up capital is estimated at (100) billion Iraqi dinars, which provides services, current accounts and providing loans, remittances, foreign and domestic presence of the province of Najaf and a group of interested Balqzaih economic development.

Adnan al-Zurfi, governor of Najaf to the correspondent of the newspaper Voice of Basra, said “the opening of the bank within the city means that the confidence of investors in the open ports investment and the strength of the economy in the province, as well as their trust in security in the city and also the strength of the projects,” adding that it will affect greatly the movement of currency trading, deposits, transfers and support for the sector investment and industrial sector and agriculture. “

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