Archive for October 28, 2011

Expert: the economy needs the participation of commercial organizations in policy-making

Posted: October 28, 2011 in Iraqi Dinar/Politics
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Confirmed its role in increasing growth rates
BAGHDAD – Fulayyih Heidar al-Rubaie

Stressed economic expert on the importance and role of organizations and trade associations in the process of enactment and the legislation of laws for the regulation of the work of the private sector, stressing that the establishment of these formations is one of the directions right and ambitious and civilization that is consistent with the economic developments taking place in most countries of the free world that has become very necessary for integration into the economic life International for its role in the acquisition of membership organizations, global business, such as the WTO and the International Monetary Fund and free trade agreements, stressing that what is required of these organizations at this time is to address the leadership of the business in Iraq through a serious contribution to economic policy of the state and participate in the legislation of laws and trade regulations and played an active role in monitoring and implementation of these laws.

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The 2012 index has Iraq is heading toward an economic strategic planning

Posted: October 28, 2011 in Iraqi Dinar/Politics
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Stressed by a number of economists to be the private sector a more active role in the management of economic sectors, and provide the appropriate climates of this approach adopted by the State after 2003 and the transfer of the Iraqi economy towards a free economy is required to activate the private sector.

Economic expert, contrary goldsmith stressed the importance of the services sector, despite the lack of cost and availability of revenue finance, calling at the same time, to hand him over to the private sector like some of the world, and that is to activate the service sector in Iraq, the fact that the cost of production low relative to some other sectors and fiscal returns the annual major , at a time of shortcomings in the implementation by the state. (more…)

Vice-President of the Iraqi National Business Council: Three factors hinder investment

Posted: October 28, 2011 in Iraqi Dinar/Politics
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Summarized interested in the affairs of investment barriers to investment by three determinants said it was the cause of contraction investors a loss of single window system and the lack of investment map integrated and government control emotional hard-line comes at a time, and that all concerned with the economic importance of these joints in the launch of the investment.

The Vice-President of the Business Council Iraqi National Shammari cream in an exclusive interview (morning) that the node revisions long in vain is the most prominent obstacles faced by the businessmen and investors alike,

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IBN: Iraq Aims to Join OPEC Quota System by 2014

Posted: October 28, 2011 in Iraqi Dinar/Politics

Bloomberg reports that Iraq will ask to rejoin OPEC’s quota system for crude output in 2014.

The holder of the world’s fifth-largest oil reserves plans to increased production from an average of 2.9 million barrels a day to 3.4 million barrels a day next year, and 4.5 million barrels a day in 2013, said Falah al- Amri, director of the State Oil Marketing Organization (SOMO). The government ultimately intends to boost production to 12 million barrels a day by 2017.

“We will seek the biggest possible quota,” al-Amri said. (more…)

UN announces it will bring offices back to Baghdad after significant security improvements

Posted: October 28, 2011 in Iraqi Dinar/Politics
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Friday, 28 October 2011
Kubler announce the transfer of all relevant United Nations offices in Iraq in the countries of the world to the inside of improved security conditions

Representative of the Secretary announced new United Nations in Iraq, Martin Kobler, the United Nations will close all its offices outside Iraq and will re-open it inside after the significant security improvement.

Kuebler said that “the objective of the United Nations Basic re-open all the offices closed for the poor security situation in the country four years ago,” (more…)

Maliki: Expected decline in Iraq’s financial revenue over the next year; Blames crisis in Europe and US

Posted: October 28, 2011 in Iraqi Dinar/Politics
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Prime Minister Nuri al-Maliki’s expectations down Iraq Revenue financial year 2012, pointing to a global economic crisis in Europe and the United States causing damage to the Iraqi economy, as he emphasized that next year will see the development in the sectors of electricity and oil.

Maliki said during the his visit to the province of Babylon that “the financial situation does not bode well, and the fact that we raised the budget to 136 trillion dinars, but we run into the prospects of a global crisis, unexpected new resolve her head in Europe and the United States, and also the collapse of the banks,” pointing out that “this may lead to economic stagnation will have an impact particularly on Iraq because the budget of her spine and 90% or more of them rely on oil revenues.

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Deputy: the banking sector lagged behind the development of Iraq’s why the field of investment

Posted: October 28, 2011 in Iraqi Dinar/Politics
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On: Friday 10/28/2011 12:20

Baghdad (news) .. Carrying member of the economic and parliamentary deputy / Kurdistan Alliance / Mahma Khalil banking sector, why not develop Iraq field of investment, pointing out: that the investment companies have the desire to enter the Iraqi environment.

Khelil said in a statement to the Agency (news) Friday: the banking sector sectors underdeveloped in the region because it is still working systems, old and sophisticated technology and its cadres to administrative hinder the work of investors through the procedures of the complex, making the investment away from the Iraqi territory.

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Iraq to review performance of its embassies across the world

Posted: October 28, 2011 in Iraqi Dinar/Politics
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Iraq decides to make changes in its embassies in countries of the world
28/10/2011 13:18

Baghdad, October 28 / October (Rn) – The Iraqi federal government, on Friday, it will start to review the performance of its embassies in countries of the world in order to conduct large-scale changes in order to develop the diplomatic work.

The foreign affairs adviser in the Iraqi government of Farooq Abdullah, told the Kurdish news agency (Rn) that “the Iraqi government decided to review the performance of Iraqi embassies and how to develop its diplomatic and make changes to its staff.”

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Zebari: security conditions appropriate to the work of foreign companies

Posted: October 28, 2011 in Iraqi Dinar/Politics
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10/27/2011 17:39

BAGHDAD / Aswat al-Iraq: Foreign Minister Hoshyar Zebari, on Thursday, said that the current security situation in Iraq provides the conditions for the work of foreign companies, and during the meeting with the Swiss ambassador to Baghdad, Martin Aishnbachr, according to a statement of Foreign Affairs.

The statement received by the agency (Voices of Iraq) a copy of the “Foreign Minister Hoshyar Zebari discussed with the Swiss Ambassador Martin Aishnbachr issues that concern the two countries in political, economic, and especially to invite companies and Swiss investors to work in Iraq,”

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Kurdish PM meets with Representative of UN Sec General and European Ambassadors

Posted: October 28, 2011 in Iraqi Dinar/Politics
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Prime Minister Barzani meets with a representative of the Secretary-General of the United Nations and the European ambassadors in Baghdad

Baghdad met Dr. Barham Ahmed Saleh, President of the Kurdistan Regional Government, this evening, Thursday, 27/10/2011, in the private headquarters in Baghdad, with the representative of the United Nations, ambassadors and representatives of European countries in Iraq. (more…)

Reconciliation process ends with U.S. withdrawal

Posted: October 28, 2011 in Iraqi Dinar/Politics
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27/10/2011 16:51
Baghdad, Oct. 27 (AKnews) – The national reconciliation process which allows armed groups to lay down their weapons and join the peaceful political process will end when U.S. forces have left the country at the end of this year.

Amer al-Khuzaie, adviser to Prime Minister Nuri al-Maliki for the national reconciliation, said that any group that has not joined the reconciliation process by then will be considered out of law.

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Maliki’s visit to Japan next month to encourage investment in Iraq

Posted: October 28, 2011 in Iraqi Dinar/Politics
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Hilla (Iba) .. Prime Minister Nuri al-Maliki, said Thursday it will pay a visit to Japan next month in the framework of a tour to invite companies to invest in Iraq, while he will be referred to the expansion of the powers of the provinces.

Maliki said when meeting with the governor of Babylon Mohamed Messaoudi and provincial council chairman Kazim Majid and members of the provincial council and the heads of government departments in Babylon that he would invite Japanese companies to establish investment projects in Iraq.

http://bit.ly/u4Gx5e

Barzani Maliki holds the responsibility for not implementing the terms of agreement Erbil

Posted: October 28, 2011 in Iraqi Dinar/Politics
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28/10/2011 13:05

Erbil, 28 October / October (Rn) – Download Kurdistan Region President Masoud Barzani, president of the Iraqi government responsible for the bulk of the non-implementation of the agreement Erbil, which paved the way for the formation of the Iraqi government after tough negotiations continued for months.

Barzani said Commenting on the agreement of Arbil, which was sponsored last year and resulted in the formation of the government and the election of the President and the House of Representatives in Iraq, said that “there are differences arising from the interpretation of each party to the Constitution on the temperament.”

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Reveal the mystery of the disappearance of $ 6 billion in Iraq

Posted: October 28, 2011 in Iraqi Dinar/Politics
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BAGHDAD (Iba) .. In the early days of the occupation of Iraq, there was uncertainty the fate of 6 billion dollars, it seemed to have disappeared, but came to a new report finally reveals the secret.

The Web site, CNN Arabic website that new evidence showed that most of the funds amounting to $ 6 billion, has not disappeared during the chaos that prevailed in the early days of the invasion, but Anththit must be, that is under the control of the Iraqi government, according to the report issued by the special inspector general for reconstruction Iraq. (more…)

US forces withdrew elements to Kuwait

Posted: October 28, 2011 in Iraqi Dinar/Politics
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US forces withdrew elements to Kuwait
10/27/2011 5:30 PM

THI QAR / Aswat al-Iraq: US forces in Thi Qar province announced participating in the withdrawal process by transporting 700 soldiers and 100 military equipment to Kuwait , according to military spokesman.

Major Harold Huff told Aswat al-Iraq that “we are fully confident with the ability of Iraqi forces to control security and we will continue enhancing our partnership”.

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Vietnam’s Dong Declines as Central Bank Weakens Reference Rate

Posted: October 28, 2011 in Asian Currency Markets
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VietFinanceNews.com – Vietnam’s dong declined after the central bank set its daily reference rate at the weakest level since at least 2005. Government bonds were steady.

The State Bank of Vietnam fixed the reference at 20,788 per dollar, compared with 20,768 yesterday, according to its website. The dong is allowed to trade up to 1 percent on either side of the rate. The currency fell 0.1 percent to 20,989 as of 3 p.m. in Hanoi, according to prices from banks compiled by Bloomberg. (more…)

Vietnam: Central Bank Reinforces Administrative Measures in Decree No.95

Posted: October 28, 2011 in Asian Currency Markets
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VietFinanceNews.com – The State Bank of Vietnam, the country’s central bank, sent official dispatches, requesting credit institutions to strictly implement Decree No. 95 on gold and foreign exchange trading and asked support from four related Ministries on Oct 25.

The central bank asked credit institutions and branches of foreign banks to strictly follow the new regulations on foreign exchange control and gold trading management, actively detect and report violations. (more…)