(AFP)
BAGHDAD — Iraq has recovered $216 million in the past month from bank accounts overseas belonging to two Saddam-era officials, the country’s anti-graft watchdog said in a statement seen on Saturday.
The Commission on Integrity reclaimed $116 million from accounts in France, it said in a statement issued Thursday, in addition to $100 million retained from Kuwait in August.
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Central bank intervention in currency markets has picked up considerable pace in the last one month.
The Swiss National Bank (SNB) started the process by selling euros at 1.20 franc levels after its currency had appreciated by over 15% against the common unit in June-August.
But the markets continued to take the currency up, forcing the SNB to start intervening aggressively.
In a recent interview on oil and gas opportunities in the region, Kuwait Energy Company Senior Vice President for Iraq Mr. Mohammed Aboush said that the Company is committedto the development of oil and gas reserves in Iraq and Egypt for the benefit of both countries. He notedthe Middle East and North Africa regionshave immense opportunities to offer.
Kuwait Energy is one of the fastest growing independent oil and gas companies in the Middle East, operating in eight countries in the MENA and Eurasia regions.
Read more: http://www.ameinfo.com/275074.html
UN General Assembly - New York
9/17/2011 3:06 PM
BAGHDAD / Aswat al-Iraq: Iraqi Foreign Ministry’s Undersecretary, Lubeid Abbawi, has said on Saturday that his government’s delegation scheduled to attend the United Nation’s meetings in New York would call on the International Organization to “respect its sovereignty and support its exclusion from Charter 7.”
“Iraq shall attend the UN General Assembly’s meetings in its 66th session in New York, in a delegation to be led by President Jalal Talabani, to be accompanied by Foreign Minister Hoshiar Zibary,” Abbawi told Aswat al-Iraq news agency.
09/14/2011
Currency existing categories to fit with the current economic situation and future in Iraq
Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh, said that the current categories of currency not fit with the current economic situation and future developments in the present and the future of the Iraqi economy.
Saleh said in a statement today it received ( and the Iraqi News Agency Information / INA ) said: In the lightof economic conditions and volatile financial pressure and monetary inflation that has befallen our country before, and led to negative effects on the regularity of the commercial market and the labor markets and production and living standards of citizens, it has generated distortions Many structures, economic relations, among which was the Activity block cash many zeros of little value and in a manner not commensurate with the future developments in the present and the future of the Iraqi economy, which requires a solution to these conditions and offal, and these solutions reform the management of currency cash through the structure and the deletion of zeros to control the flow and management of the monetary cost of the cluster optimally.
On: Sat 17/09/2011 8:27
Baghdad (news) .. A commission of economy and investment representative for the presence of pressure from the governments of neighboring countries contributed to the postponement of the customs tariff law, it attributed this to the sole beneficiary of the non-application of this law.
A member of the Committee and MP / Liberal bloc / Resan Abdul Hussein al-Husseini told the reporter Agency (news) that the application of this law will result in a range of benefits, but he also said at the same time Aakhalo of the negatives.
MP for the state of law the head of the parliamentary competencies Ihsan Yassin al-Awadi, the absolute rejection of Iraq’s wealth for the management of personal income
Al Awadi said the existence of a law governing the relationship between central government and provincial government, particularly with respect to oil and gas law.
He noted that the National Alliance is committed to what has been agreed in Arbil initiative without any tarry
Prime Minister Nuri al-Maliki on Saturday, taking the draft law of oil and gas course of legislation, but stressed at the same time the possibility of amendments by the Iraqi parliament.
Maliki said at a news conference in Baghdad that “the Council of Ministers voted in advance on the draft law of oil and gas, and then sent to the House of Representatives, the bill becomes law, the Legal Committee at the ready.”
Maliki confirmed that “the draft law will take its course of legislation.”
Search by President Jalal Talabani, with the head of coalition of Iraq, Iyad Allawi, the appropriate solutions to the crisis, the implementation of the Erbil, and conventions that generated a new disagreement between state law and the PKK, also addressed the meeting to the security conditions of the country, will be held after hours from now, the meeting closed between the U.S. ambassador and Allawi to talk to the situation in Iraq.
A source in the Office of the President of the Iraqi List (of the Agency news) on Saturday: that Talabani visited Allawi in his office this afternoon, and focused parties in the conversation on the new crisis between the coalition of state law and a coalition of Kurdish blocs on the implementation of the Convention of Arbil, the negotiating paper Kurdistan, indicating that the two sides stressed that the current situation does not bear more than political differences with the imminent withdrawal of U.S. troops from Iraq.
Baghdad (news) .. A source in the Presidency’s intention to President Jalal Talabani and Prime Minister Nuri al-Maliki and parliament speaker Osama Najafi to hold a trilateral meeting, to address political and security crises that erupted recently.
The source said in a statement singled out by the Agency (news) today Saturday: that a meeting three could be held this afternoon or early tomorrow, Sunday, brings together Talabani, Maliki and Nujaifi to discuss political and security crises that erupted recently in the country.
National coalition said Saturday, on the continued demand to postpone the vote on the bill Alstregih Supreme Council policy within the Council of Representatives, on condition to reverse his decision to replace the current version of the bill.
And held Iraqi Council of Representatives, in the 11 of August, the first reading of the draft Law on the Council strategic policies, which will include 17 members, assigned by the Presidency and the sound in principle, amid objections from a coalition of state law on some of its clauses, which he described as a violation of the Constitution.
Saturday, September 17 / September 2011 14:46
The President of the Kurdistan region Massoud Barzani during a meeting with U.S. Ambassador James Jeffrey, and the commander of U.S. forces to Lloyd Austin, the need for commitment to a coalition of state law, the Constitution and the Convention on Irbil.
A statement by the presidency of the region received by all of Iraq [where] a copy of it on Saturday that “Barzani met on Friday evening, James Jeffrey, U.S. Ambassador to Iraq, and Gen. Lloyd Austin, commander of U.S. forces in Iraq and the delegation accompanying them, were in the meeting discussing the results of negotiations between the governments of Iraq and U.S. on the issue of U.S. troops stay in Iraq to carry out training tasks, as well as the views of the forces and Iraqi political parties on this issue. “
Prime Minister Nuri al-Maliki on Saturday, that the cabinet vote on the draft law of oil and gas is not considered a final decision, noting that the draft law is handed over to the Legal Committee in Parliament, as he emphasized that the House of Representatives has the right to modify it.
On: Saturday 17/09/2011 14:34
Baghdad (news) .. A source close to Prime Minister Nuri al-Maliki that the last troubled by the actions of some political parties, it has engaged with the crisis of the port of Mubarak “double.”
The source said in a statement singled out by the Agency (news) on Saturday: that Maliki is very upset by some political parties that have ties with some members of the ruling family in Kuwait, accusing those which refused to disclose them of stirring up problems with Kuwait and inciting it to continue building the port.
17/09/2011 14:07
Baghdad, September 17 / September (Rn) – The Iraqi List led by former Prime Minister Iyad Allawi on Saturday that Saadoun al-Dulaimi, who was assigned by Prime Minister Nuri al-Maliki to take over administration of the Ministry of Defense Agency does not have consent, indicating that al-Dulaimi, a candidate of Prime Minister in spite of the integration bloc with Iraq recently .
And shall be managed by the Ministry of Defence and Acting Culture Minister Saadoun al-Dulaimi, after the assignment by the Prime Minister Nuri al-Maliki last week amid criticism of Allawi’s list, while still al-Maliki and the acting interior minister.
16/09/2011
Economists, businessmen, Arabs in Beirut on Thursday that the areas affected by the revolutions of Arab will see negative economic growth or zero during the next two years. made their statements in a panel discussion under the title of «current developments in the region and its repercussions on the economies and Arab companies» in the framework of an Arab conference for investment banking and industrial and tourism and real estate held in Beirut and continues until Friday.
He said Abdullah Dardari, director of economic development and globalization in the ESCWA «that the region is now facing serious challenges. We are facing two years of negative growth or zero during the next phase and these two years are the two are dangerous because they came in at a time which is expected to Arab youth that achieve these revolutions … immediate results on the standard of living, employment and job opportunities. »
Denied the leadership of the Kurdistan Alliance, Saturday, stipulating the application of Article 140 and the agreement of Arbil to start a dialogue with the central government on outstanding issues, stressing that the Kurdish leadership will be sent next week a letter to the National Alliance, which belongs to Prime Minister Nuri al-Maliki, will be the coming of the delegation Kurdistan to Baghdad in the light of the willingness shown by the Government.
The MP said Mahmoud Othman, said in an interview for “Alsumaria News” “The Kurdish leadership did not require the application of article 140 or deal Erbil to start a dialogue with Baghdad, but it depends on the willingness of the National Alliance for the success of this dialogue” He expressed his belief that “what has been said that the Kurdistan put these terms to pressure the government with respect to oil and gas law, not be true.”
VietFinanceNews.com – Vietnam will experience an economic growth rate of 5.9 percent in 2012, according to a recent report by Switzerland’s Credit Suisse Bank.
The figure is higher than that of 2011 (5.8 percent) but lower than the bank’s previous prediction of 6.2 percent, according to Santitarn Sathirathai, a Credit Suisse economist.
He noted that the global economic downturn in conjunction with the Vietnamese Government’s tightening policies – especially the State Bank of Vietnam’s decision to perform tight controls to maintain a credit growth limit in the next five years – will have a significant impact on the country’s economy in 2012.
The report also attributed the highest rate of inflation recorded in August to tight monetary and credit policies.
The Governor of the Saudi Arabian Monetary Agency that the Gulf States is determined to move ahead with the single currency project, despite the global debt crisis, without giving a date to begin issuing the currency. The agency quoted the French press to Mohammed al-Jasser told reporters after a meeting of the rulers of the Gulf central banks on Wednesday night in Doha, said that «no doubt hear in the press but which is not in place». Jasser added, which administers the Monetary Council (GCC), «there has been no delay, from the beginning said that there would be a specific date for the launch of the common monetary currency».
U.S. Treasury Secretary Timothy F. Geithner said China needs to let the yuan gain against currencies other than the dollar.
“They’re not letting it move much against the currencies in the rest of the world, and that’ll have to change over time,” Geithner said today at a financial conference in Wroclaw, Poland. “I think that’s going to have to happen.”
