Archive for August 21, 2011

22/08/2011

Prepared by the Technical Committee, who visited Kuwait recently, its own port Mubarak, in preparation for discussion at the Council of Ministers tomorrow, without revealing its content, but a source close to the detection of the “morning” on the Kuwaiti side expressed its readiness to Tak procedures limit the impact of the port navigation in Iraq.

The Technical Committee rejected the President, Chairman of the advisers in the Prime Minister Thamer Ghadban, disclosure contained in the Commission’s report, saying only: “The technical committee completed its tasks and prepared its final report to be discussed at the Council of Ministers on Tuesday.”

The “morning”, saying: “The issue of such a task should be discussed thoroughly.”

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Finance Committee meets Iraqi Central Bank Governor

Sunday August 21, 2011

Met Haider Abadi, head of the Finance Committee on Tuesday, 16/8/2011 Mr. Shabibi central bank governor, and also discussed the project to delete the zeros of the Iraqi dinar and the reasons and legal requirements and accounting and procedural preparations conducted by the Central Bank of the process of printing, transporting and distributing the new currency as well as the role of the Finance Committee in support of this project.

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August 20 2011

Baghdad people:Finance Ministry plans to restructure State-owned banks in coordination with the World Bank to promote a global level in the field of banking.

A spokesman for the Ministry of Finance increased Zamel’s (people) that “the Ministry of Finance will bring the structure of government banks in coordination with the World Bank to advance it towards the global level and in particular the Rafidain and rational.”

He added that “the ministry will open from within the Rafidain and good windows of Islamic law in order to find a radical solution to the crises facing the country’s economic restructuring projects within the banks.

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BAGHDAD (Reuters) – In Iraq where renovating a single street can take years, government plans for a multi-billion dollar high-speed train to rival Japan’s bullet train have been greeted with scepticism by many Iraqis struggling to get even basic electricity services.

The $10 billion (6 billion pounds) project to build a railway connecting Baghdad to the southern provinces is the latest in a series of large-scale infrastructure proposals by Iraq’s government to try to rebuild the OPEC oil-producing country after years of war.

Read More: http://uk.news.yahoo.com/iraq-dreams-big-infrastructure-projects-153524812.html

Barzani values ​​the role of Ad Melkert in the management of United Nations work in Iraq
On: Sun 08/21/2011 16:14

Arbil (news) .. Eighth Massoud Barzani, Kurdistan Region President Melkert’s role in managing the work of the United Nations well, came during a meeting with Ed Melkert representative of the Secretary General of the United Nations in the resort of Salah al-Din at the end of his duties in Iraq.

A statement by the Presidency of the Kurdistan region received the Agency (news) a copy of it on Sunday: that the President of the Kurdistan Region eighth role Melkert in the administration of the United Nations well, as well as building strong relationships with Iraqi parties, wishing him success and good luck in his future.

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Iraqi parliament calls for Baghdad and Washington to intervene “immediately” to stop the bombing of Iran and Turkey

Arbil, 21 August / August (Rn) – a student of the Iraqi parliament on Sunday, the governments in Baghdad and Washington in addition to the international community to intervene to “immediately” to stop what he called “flagrant acts of aggression” to Iran and Turkey, which Tqsvan by artillery and fighter jets border areas in Kurdistan.

Since Wednesday night, aircraft and artillery bombed the Turkish border areas in Kurdistan region of Iraq included 352 sites for the PKK, according to statements of the Turkish military, as Iran has stepped up more than a month since the artillery shelling of border areas in the region.

Tehran says it is targeting militants Party of Free Life of Kurdistan, “PJAK,” while Ankara says it is targeting the Kurdistan Workers Party militants who are active on the border between the two sides.

But the long-bombing residential areas in the region and caused the killing of citizens and the injury of others and the burning of large tracts of agricultural land and forests as well as livestock deaths, and led to the displacement of hundreds of families.

The vice president of the Iraqi Parliament Arif Tayfur in a statement to the Information Office received the agency, the Kurdish news agency (Rn) a copy of it, “We strongly condemn the bombing Turkish warplanes to the border areas and safe villages in the Kurdistan region of Iraq, as we express our deep regret for the abuses and violations and lack of respect for sovereignty treaties and international conventions. “

He added, “We also condemn the continuation of Iranian artillery shelling of the border in the Kurdistan region and this abuse is unacceptable, and such blatant attacks from neighboring countries not in the interest of Iraq and its periphery.”

He Tayfur that “military operations have led to significant damage and deterioration of the situation and the displacement of people in the areas of Kandil and Sidakan and enforced and other areas.”

Asked Deputy Speaker the federal government to take “immediate action and dissuasive”, also called the United Nations and the United States and the Islamic Conference and the international community to intervene to stop the bombing.

He said that “the continuation of the bombing would hurt everyone and lead to the creation of problems and complicate the situation in the region and creates a crisis and tension between Iraq and neighboring countries will serve the future of political and diplomatic relations and economic ties with these countries.”

A spokesman for the Kurdistan Alliance bloc in the Iraqi Council of Representatives panel has a pro-Tayeb’s (Rn) on Sunday, that the Kurds would ask the federal government to resort to the UN Security Council if Turkey has not stopped, Iran Qcefhma to border areas in Kurdistan.

The Kurdish position on news announced by the PKK for the Ankara and Tehran have mobilized their troops on the border in preparation for a ground assault on the border areas in Kurdistan to hunt down armed opponents.

Based fighters and opponents of the Kurds, Iran and Turkey on the rugged border between Iraq’s Kurdistan region on the one hand and Iran and Turkey, and Ankara and Tehran says they are taking from those areas as launching grounds for attacks within their territory.

The PKK has been fighting, established by Turkey and the European countries and America’s list of “terrorism”, the Government of Turkey for more than 26 years for autonomy for the 15 million Kurds there, and the conflict has killed 40 thousand people from both sides, according to statistics of the Turkish military, while fighting militants “PJAK,” the Tehran government for nearly six years.

http://bit.ly/qZ4y0j

On: Sun 08/21/2011 13:43

Baghdad (news) .. Predicted by the rule of law and deputy / National Alliance / Ali Fayad, a meeting between Prime Minister Nuri al-Maliki and Iraqi President Iyad Allawi’s list, noting that the law of the National Council restricts the three authorities and put them in a ditch.

The leaders of political blocs agreed at their last meeting, held at the home of President Jalal Talabani to present a paper containing a mechanism of action of the Council of strategic policies to Parliament for ratification, The House of Representatives voted in principle to the draft law on the National Council of politicians high in principle, after I read read first.

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malikiBaghdad, Aug. 21 (AKnews) – Prime Minister Nouri al-Maliki will send the names of candidates for the Interior and Defense ministries after Eid al Fitr – the three-day holiday that marks the end of Ramadan – said a State of Law Coalition (SLC) MP today.

Salam al-Maliki told AKnews that the prime minister is “serious” about resolving the issue of the security ministries that have remained unallocated since the inauguration of the ncurrent government in December last year due to disputes between the political blocs.

The names that Maliki will submit to the parliament have been studied and were chosen according to professional rules agreed upon between the political blocs,” Maliki said.

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Sunday, 21 August 2011

Unanimous components of the National Alliance on Saturday on the three candidates to occupy the interior ministry, as it will show the names of the political blocs in the leaders’ meeting next at the home of President Jalal Talabani after the Eid al-Fitr, after he made ​​Iraq the names of nine candidates for the defense portfolio.

A source in the National Alliance, “There is political consensus within the components of the National Alliance on three candidates for the interior ministry,” he called, without noting that “al-Maliki will show the candidate names to the leaders of political blocs in the meeting to be held after Eid al-Fitr holiday.”

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2011-08-20 12:27:00

Announced adviser in the Iraqi government that Kuwait had shown understanding to solve the problem of the port of Mubarak.

The chancellor said Abdul Hussein al-Jabri’s “Baghdad Post” that “Kuwait has made in response to solve the problem of the Kuwaiti port of Mubarak through dialogue and coordination.”

Adding that “the Ministry of Transport will manage the port talks Mubarak of Kuwait after the progress of the Technical Committee, who returned from Kuwait, its report to the Council of Ministers.”

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Sunday, 21 August 2011

A source in the Iraqi List, said the list presented a request to the president to set a date for a meeting is complementary to the meeting of leaders of political blocs.

The source said in a statement to the news agency public opinion (and babysit) on Sunday: “The Iraqi List, submitted a request to the President of the Republic to determine the date a new contract meeting is complementary to the meeting of leaders of political blocs in order to activate the decisions taken and the selection of the candidate of the Ministry of Defense.”

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Sunday, 21 August 2011
Alfalh: Defense will be managed by proxy until a final agreement on the candidate of the Iraqi

A member of the National Alliance for the state of law Falh that the administration of the Ministry of Defense will spend a proxy management Saadoun al-Dulaimi, as long as the members of the Iraq do not agree on a particular candidate.

The Falh told the sons of public opinion (and babysit): “The administration of the Ministry of Defence will go run a proxy management Dulaimi as long as the Iraqi List, did not reach a final agreement on its candidate for the job.” He pointed out that entrusting the job to al-Dulaimi, came to objective reasons, including Precede being a minister of defense and belongs to the Iraqi’s accession to the coalition of the center of Iraq. “

Alfalh added: “As soon as agreement is reached on a final candidate, the defense will be voted on in the House of Representatives and then will return to his former al-Dulaimi Kwizera of culture”.

http://bit.ly/o9qrBd

Iqbal to buy Iraqi currency .. Central dropped the dinar: small traders destroy our monetary policy

He attributed the owners of exchange companies, on Saturday, the devaluation of the dinar against the dollar to rise in the demand for the latter in conjunction with the high prices paid by the government to purchase crops, while attributing the central bank to “rig speculators”, stressing that the reserves of cash has proven its efficiency in the exchange rate since six years, and noted that the dinar trusted other countries, which are seeking to buy the largest mass of cash from it.

The exchange rate of the dinar against the dollar, in Baghdad and the provinces, has seen volatile and clear during the past two days, ranging purchase price of the dollar to 1120 dinars / dollars, and the selling price of 1121 and 1123 dinar / dollar, and ranged the purchase price, in the provinces, to 1119 dinars / dollars, and the selling price to 1121 dinars / dollars, according to experts, they said “the world”, the dollar registered a rise of three points of its value last week. (more…)

8/21/2011 2:22 PM

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) has presented its dollars sales report on its Sunday auction, which exceeded 156 million US dollars, at a rate of 1,170 dinars per dollar, down from its Saturday sales of 188 million dollars, according to its daily bulletin.

“The total size of CBI’s Sunday demand on US dollars had reached 156, 402,000 dollars, covered by the Bank at an average rate of 1,170 dinars per dollar,” the bulletin reported.

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Baghdad, August 21 / August (Rn) – The parliamentary legal committee, Sunday, said that the amendments to the Law of the National Council for the strategic policy (NCSP) down to the agreed upon need time, indicating that many of its provisions opposed the powers granted to the Prime Minister.

The Iraqi Council of Representatives may be held on 11 this month, the first reading of the draft Law on the Council strategic policies assigned by the Presidency and the sound of it, in principle, amid opposition from a coalition of state law on some of its clauses, which he described as a violation of the Constitution.

It was agreed that leaders of political blocs, the second of August / August, during the meeting which was held at the home of President Jalal Talabani, to be the passage of the National Council for the policies of the Supreme, which is expected to be headed by the Iraqi leader Ayad Allawi.

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fazl nabiSulaimaniya, August 21 / August (Rn) – The Undersecretary of the Ministry of Finance of Iraq, for his ministry to guess the Iraqi budget for next year’s 115 trillion Iraqi dinars, adding that next week will see a final decision on the size of the budget next year.

According to Fadel, a prophet of the Kurdistan News Agency (Rn), that “next week will see a final decision on the size of the Iraqi budget for next year after meeting the federal financial with their counterparts in government to discuss a budget for 2012,” pointing to “guess the financial budget next year at 115 trillion Iraqi dinars, which means an increase of 19 trillion dinars for the current year budget. “

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Sunday, 21 August 2011

BAGHDAD – babysit – confirmed the Iraqi List, submitted a list of nine names of candidates to the Ministry of Defence formally to President Jalal Talabani.

Haidar al-Mulla said in a statement to the news agency public opinion (and babysit): “Iraq had submitted a list of nine names, including Jawad al-formal and delivered to the office of President Jalal Talabani.” Adding that “Iraq requested an urgent meeting of leaders of political blocs update of the previous meeting in order to activate the decisions previously taken.”

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

DETAILS NOTES
Number of banks 25
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 156,402,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 156,402,000
Total offers for selling (US$) —–

Sales from Central Bank of Iraq, Sunday, in the first sessions this week, a significant decrease by about $ 32 million to reach $ 156 million, compared to last Thursday, which recorded $ 188 million, while the bank said its sales reached $ 35 billion over the past year .

The session saw, on Sunday, a significant decrease in sales of the bank to up to 156 million and 402 thousand dollars, was covered by the bank at an exchange rate basis was 1170 dinars to the dollar, compared to last Thursday, as sales of the bank 188 million and 140 thousand dollars.

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While the downgrade of Unites States government debt by Standard & Poor’s shocked global financial markets, China has more reason to worry than most: the bulk of its $3.2tn in official foreign reserves – more than 60 per cent – is denominated in dollars, including $1.1tn in US Treasury bonds.

So long as the US government does not default, whatever losses China may experience from the downgrade will be small.

To be sure, the dollar’s value will fall, imposing a balance-sheet loss on the Peoples’ Bank of China (PBC, the central bank). But a falling dollar would make it cheaper for Chinese consumers and companies to buy US goods. If prices are stable in the US, as is the case now, the gains from buying US goods should exactly offset the PBC’s balance-sheet losses.

Read more: http://english.aljazeera.net/indepth/opinion/2011/08/20118217551162510.html

Sulaimaniya, Aug. 21 (AKnews) – The bill for the 2012 budget will be completed this week said the deputy finance minister today.

Fadel Nabi told AKnews that the budget currently stands at 115 trillion Iraqi Dinars (IQD) – around $97.75 billion.

The 2012 budget looks set to be 19 trillion IQD ($950 million) bigger than last year’s.

With increasing oil prices, Nabi said the current figure was likely to rise.

Iraq has the third largest oil reserves in the world from which nearly 98% of the country’s revenues are derived.

The Iraqi Ministry of Finance looks set to meet the September 15 deadline for the submission of the next year’s budget. The 2011 budget was not ratified until April the same year.

http://bit.ly/p8hAlL

 

KUWAIT: The official Eid Al-Fitr holiday in Kuwait will last for five or six days depending on which day the Muslim holiday begins on at the end of August.

According to an article in a local newspaper, quoting a high-level government insider, the government is expected to announce a five-day holiday for public sector workers if the first day of Eid Al-Fitr falls on Tuesday August 30, but a six-day holiday if it begins the next day.

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On: Saturday 08/20/2011 19:03

Iraq in the foreign press: New York Times (U.S.)

He started in the newspaper, David Dayan, Iran is pushing the government of Nouri al-Maliki in Iraq, to ​​support the regime of Syrian President Bashar al-Assad. The valleys that Iran «played a role in decision-making Iraq», pointing out that «the big story» which was absent in the midst of explosions witnessed by the Iraq, is that the Iraqi leadership has supported the Syrian side in the crackdown.

He pointed out that while denouncing the leaders in the Arab States and other countries, the lion of his blood on the demonstrators, al-Maliki follow the tone of a more friendly, as he urged the demonstrators to avoid «sabotage» State, hosted a delegation Syria formally.

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Turkey’s lira rebounded against the dollar as investors bought the currency that traded near the weakest level in more than two years.

The lira gained 0.1 percent to 1.7822 per dollar at 5:30 p.m. in Istanbul, after falling to 1.7966. It reached 1.7994 on Aug. 11, the weakest since March 2009. The lira’s 14 percent decline this year makes it the worst performer among 25 major emerging-market currencies tracked by Bloomberg.

Read More:  http://www.bloomberg.com/news/2011-08-19/lira-weakens-on-concern-central-bank-to-cut-rates-on-global-growth-woes.html

South Korea’s won fell, capping its fourth weekly loss, after the financial regulator urged insurers to boost capital in preparation for a potential crisis and signs the U.S. economy is slowing dimmed the outlook for exports. Government bonds rose for the first time in four days.

The won led declines in regional currencies today as Financial Supervisory Service Governor Kwon Hyouk Se asked chief executives of insurance companies to be cautious in paying dividends. U.S. reports showed consumer confidence is the weakest since March 2009, existing home sales unexpectedly dropped in July and jobless claims rose more than economists forecast last week.

Read More:  http://www.bloomberg.com/news/2011-08-19/korean-won-weakens-as-insurers-told-to-prepare-for-a-crisis-bonds-gain.html

Asian currencies fell this week, led India’s rupee and South Korea’s won, as U.S. data added to signs the global economic recovery is losing steam and Europe’s worsening debt crisis bolstered demand for dollars.

Asia Pacific stocks slumped for a fourth week as investors favored safer bets than emerging-market assets. U.S. reports published on Aug. 18 showed consumer confidence is the weakest since March 2009, existing home sales dropped in July and jobless claims rose more than economists forecast. Taiwan released second-quarter gross domestic product data on Aug. 18, joining China, South Korea, Hong Kong, Malaysia and Singapore in reporting the slowest expansions since 2009.

Read More: http://www.bloomberg.com/news/2011-08-19/asia-currencies-fall-this-week-led-by-rupee-on-slowdown-signs.html

The rand, the worst-performing major currency worldwide this year, may extend losses by as much as 7.9 percent from current levels over the next year as global growth concerns damp demand for riskier assets, Citigroup Inc. said.

South Africa’s currency may decline to 7.75 per dollar over the next six to 12 months, Citigroup analysts led by London- based Jeremy Hale wrote in a research note. Citigroup previously forecast the rand would weaken to 7.20. The currency of Africa’s biggest economy gained 1.1 percent to 7.1377 per dollar by 4:31 p.m. in Johannesburg, paring its loss this year to 7.1 percent, the only one of 16 major currencies monitored by Bloomberg to decline versus the greenback.

Read More: http://www.bloomberg.com/news/2011-08-19/rand-worst-major-currency-to-weaken-7-on-growth-concern-citigroup-says.html