Archive for November 1, 2011

Iraqi businessmen fear the new market economy

Posted: November 1, 2011 in Iraqi Dinar/Politics
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U.S. traders planning to swallow the Iraqi economy  

The future of Iraq / special team preparing speculators, traders and economists in the U.S. to enter the Iraqi market after the U.S. withdrawal.

But by the Iraqi and Arab businessmen, and the step that called in the world market and the economy, a European (games market) and games market means that is control of the economy in any country by the open market and the…purchasing power…of the great lies behind all markets, which can not the government, even in a simple and partial control, (more…)

1st Iraq Defense & Security Summit

Posted: November 1, 2011 in Iraqi Dinar/Politics
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20111101-190943.jpg

http://www.iraqstability.org/aboutsummit.aspx

UN Envoy in Basra: Most important work of the mission is to remove Iraq from CH VII.

Posted: November 1, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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Governor of Basra: UN envoy asked to intervene to resolve the issue of Mubarak Port
31/10/2011 19:23

BASRA / Aswat al-Iraq: Basra governor behind Abdul-Samad, Monday, that the province demanded that the UN envoy during his visit today to Basra, to intervene to resolve outstanding issues with neighboring countries, especially Kuwait for construction of a port Mubarak, while the UN envoy said that the most important work of the mission remove Iraq from Chapter VII.

He said Abdul-Samad in the joint press conference held in the building of the province, “We have asked the UN envoy Martin Kobler during his visit, which is the first to Basra, the intervention of the Organization in resolving the outstanding issues between Iraq and neighboring countries like Iran, Turkey and Kuwait,” he said, adding “our demand for the most important focused to persuade Kuwait to backtrack on Mubarak build a port in its current location on the island of Bubiyan. ” (more…)

UN International Report: Iraqi per capita income is not commensurate with the budget announced in Iraq

Posted: November 1, 2011 in Iraqi Dinar/Politics
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11/01/2011 0:00

Criticized the Exchange Council and the Economic Research International Group under the umbrella of the specialized organizations of the United Nations told the Iraqi Central Bank with respect to the average income of the Iraqi individual for the year 2011 of $ 4 thousand and five hundred dollars a year, and compare the report of the Council between the per capita income of Iraq and entered the neighboring countries and other neighboring Arab, which is very poor compared to Iraq. (more…)

CBI official reveals a growth in the cash reserves of the Iraqi currency to about $60B USD

Posted: November 1, 2011 in Iraqi Dinar/Politics
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Munaf Al-Suaegh, Advisor of Central Bank of Iraq said that the Iraqi currency currently ranges between five and fifty-nine and fifty billion dollars, and stressed that this amount of Iraqi currency provides the stability you need.

Al-Suaegh said that the increase in pro cover currency will increase the confidence of global economies in Iraqi currency.

The collapse of the Iraqi dinar mid-nineties the past caused by the former regime withdrawing large amounts of cash to cover the currency for the purpose of bridging the expenses of the State after stopping the export of oil due to the economic blockade.

http://bit.ly/uqt0ZK

Bad Record Keeping, Not Corruption Behind Missing $6.6 Billion In Iraq Reconstruction Funds

Posted: November 1, 2011 in Iraqi Dinar/Politics
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01/11/2011 15:53

In June 2011, the Special Inspector General for Iraq reconstruction released a quarterly report that noted $6.6 billion in rebuilding funds went missing in 2004. The media exaggerated the story, saying that corrupt officials might have stolen the money. That led the Iraqi government to threaten to sue the United States to recover any misappropriated funds. The Inspector General however, always said that it was probably a case of bad record keeping, which was endemic at the time. Now it has conducted an audit that found that most of the money ended up in the Central Bank of Iraq, under Baghdad’s control.

(more…)

Talabani: Kurds ambitious to annex from country

Posted: November 1, 2011 in Iraqi Dinar/Politics

Iraq’s Talabani describes the demand enactment of a law to demarcate the border Kurdish ambitions

On: Tue 01/11/2011 19:26

Baghdad (news) .. called the Iraqi List, a claim President Jalal Talabani, the demarcation of the border in areas disputed by the law led him to the House of Representatives, that the ambitions to annex the disputed areas to the Kurdistan region before the announcement of a Kurdish state.

The leader of the Turkmen Front and the MP / coalition in Iraq / Nabil Hrbo (of the Agency news) on Tuesday: that the request of the President of the Republic is asked a national rather than a national, a similar statement last that Kirkuk Jerusalem of Kurdistan was preceded by two days before the announcement of the President of Kurdistan region Masoud Barzani that he was prepared to fight for the demands of the Kurds . (more…)

Attorney Jubouri: Oil revenue sharing would place strain on the shoulders of the citizens and budget

Posted: November 1, 2011 in Iraqi Dinar/Politics
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On: Tue 01/11/2011 12:30

Baghdad (news) .. Warned by the Finance Committee representative and the representative / National Alliance / Haitham Jibouri of the distribution of cash to citizens of the oil revenues the annual as preventing the State from implementing their investment projects.

Jubouri said in a statement to the Agency (news) on Tuesday: Can not the Federal Government that the the distribution of cash from oil revenues to citizens as restricting the state of implementation of investment projects, due to the operating budget coming and reached to more than (70%) can not be loaded more money at the expense of investment. (more…)

Maliki: Iraq is looking forward to deepening the bonds of friendship with all countries

Posted: November 1, 2011 in Iraqi Dinar/Politics
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Baghdad / babysit -

Prime Minister Nuri al-Maliki said Tuesday that Iraq is looking forward to deepening the bonds of friendship with all nations, returned post a large number of companies in the current session of the Baghdad International Fair, evidence of increased economic activity in Iraq and stabilize the security situation.

Maliki said in a speech during the opening session 38 of the Baghdad International Fair today, “said Baghdad was looking to deepen the bonds of friendship with all nations, and the opening of this session is not an indication of increased economic activity in Iraq, but is a testament to stabilize the security situation under the government of the partnership the national. ” (more…)

Maliki calls to change the economic laws of Iraq, an appropriate approach to the market economy

Posted: November 1, 2011 in Iraqi Dinar/Politics
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Prime Minister Nuri al-Maliki, Tuesday, to change all economic legislation and laws to fit the Iraq went to a market economy, emphasizing the need for the existence of laws that guarantee that all companies wishing to invest in the country.

Maliki said during the opening session of the 38 normal to the Baghdad International Fair, attended by “Alsumaria News”, “Iraq Mthai at the economic and procedural all to embrace anyone who wants to invest in Iraq and make friends with all countries of the world,” noting that “the opening of the exhibition such a large number of companies and countries demonstrates the interaction and the increased investment activity in the country. “

Maliki said that “Iraq was a totalitarian economy and we need to change all economic legislation and laws as they are not suited to the changes that occurred in Iraq and go to a market economy,” stressing “the need for Iraq to laws guaranteeing all companies wishing to invest in it.” (more…)

Kurdistan Region: Reports reveal the weakness of civil trust of citizens in banks

Posted: November 1, 2011 in Iraqi Dinar/Politics
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Economic reports in the province, said the group extensive business in the Kurdistan Region in recent years, restored confidence to the citizens, and led them to deal with the government and private banks.

She reports that private banks are increasing day by day, and that these banks are trying to get rid of the classic way that they deal with, and actively participate in rebuilding the economic base in the region.

The reports quoted the director of the Central Bank of the province, saying that it is possible to talk about the return of the citizen’s confidence in banks, if we consider the bank accounts opened by individuals and companies in the banks of the region. Adding that because of the novelty of the banking sector, the civil engagement and cooperation with the government is still weak, which is another reason for the confidence of the citizen.

http://bit.ly/rEpTej

National Alliance agrees Dulaimi (by proxy) should be official Minister of Defense; Says Iraqi List not serious to resolve

Posted: November 1, 2011 in Iraqi Dinar/Politics
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The independent Iraqi news agency
MP Haider Jourani that the National Alliance agree to install Saadoun al-Dulaimi, who is a Department of Defense agency, and the minister of defense, asserting that Iraq had submitted candidates unacceptable for the position.

The Jourani reporter (and the Iraqi news agency, independent) that Maliki agree to install Mr. Sadoun al-Dulaimi, the defense minister which received now by proxy. ” Maliki was commissioned Dulaimi, who holds the portfolio of the Ministry of Culture responsibility of the Ministry of Defence, which filled in the government of Ibrahim al-Jaafari.

(more…)

UN Representative: International efforts to end Iraq- Kuwait differences

Posted: November 1, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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Kobler: International efforts to end Iraq- Kuwait differences

PUKmedia 01-11-2011 11:47:35

Martin Kobler, the UN Special Representative of the Secretary-General for Iraq and head of the UN Assistance Mission for Iraq (UNAMI), said : there are efforts to end the outstanding differences between Iraq and Kuwait.

Kobler during a joint press conference with the Governor of Basra Province , Khalaf Abdul Samad, clarified that the United Nations pay great heed to bilateral relations between the two countries. (more…)

Deputy al-Asadi: Anticipates resolution of the security ministries in the third Legislative session

Posted: November 1, 2011 in Iraqi Dinar/Politics
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On: Tue 01/11/2011 12:27

Baghdad (news) .. signed by state law and the MP / National Alliance / Khaled al-Asadi to see legislative term the third critical of the security ministries.

The House of Representatives has voted by majority to give confidence to the government of Prime Minister Nuri al-Maliki, without the security ministries on 21 December last year.

Asadi said in a statement (the Agency news) on Tuesday: There is no indication a physical to a final agreement to resolve the security ministries, but I expect to see a legislative term the third resolution of the security ministries. (more…)

Logistical: the rule of law will implement all the terms of Erbil Agreement with exception of NCSP Board

Posted: November 1, 2011 in Iraqi Dinar/Politics
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On: Tue 01/11/2011 12:19

Baghdad (news) .. According to a member of coalition rule of law and MP / National Alliance / Saad Muttalibi that the rule of law committed to the implementation of the Convention Arbil, except for the National Council of the Supreme policies is obtained by difference.

The logistical in a statement (the Agency news) on Tuesday: the agreements that have been agreed upon we began implementation and ongoing implementation, except for the National Council of the Supreme policies due for the differences it, the Middle East region: that Allawi did not agree with the presidency of the Council as new. (more…)

Adoption of the draft law of oil and gas made ​​in 2007

Posted: November 1, 2011 in Iraqi Dinar/Politics
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BAGHDAD – Al Sabah
The government unveiled its agreement with the delegation of the Kurdistan Regional Government to adopt the draft law of oil and gas governmental organizations that submitted in February 2007. The chief advisers Fadel Ghadhban was quoted by the agency, Kurdistan News: “The government agreed with the delegation of the Government of Arbil, the adoption of the draft law of oil and gas governmental organizations that submitted in February 2007 and negotiated before the end of this year. ” (more…)

Iraq’s gross domestic product set to top 9%

Posted: November 1, 2011 in Iraqi Dinar/Politics
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Posted on » Monday, October 31, 2011
BAGHDAD: Iraq’s gross domestic product (GDP) growth should rise to nine per cent in 2012 from around 6pc currently, mainly driven by an expected increase in oil production and exports, a senior central bank official said yesterday.

Iraq has some of the world’s largest oil reserves and is currently producing about 2.9 million bpd. High oil prices have helped the country earn billions of dollars more than projected this year.

“It will easily jump to 9pc next year, it will not be difficult. If production and exports in the oil sector rise, it is possible to reach that figure,” Iraqi Central Bank deputy governor Mudher Kasim said. (more…)

Banking Sources: Iraqi has billion dollars lost during the conversion

Posted: November 1, 2011 in Iraqi Dinar/Politics
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Banking sources said that a bank is close to the Iraqi political party is known, has recently lost about one billion U.S. dollars of Iraqi funds, because of poor follow-up and extreme neglect, which delays the many development projects and procurement strategy.

The sources said that large amounts are lost from time to time when the Iraqi banks to bank transfers abroad, without apparent causes, and the process of recovery takes a few years in some cases. (more…)

CBI Ministry of Finance Auction Oct 31, 2011: Govt debt Securities

Posted: November 1, 2011 in Iraqi Dinar/Politics
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Auction number HY34 of government debt securities was a uniform price auction for IQD 150,000,000,000 par value of bills which  concluded on 31-10-2011.

Total public  IQD 120,720,000,000. Valid competitive bids totaled IQD 119,700,000,000 and valid non competitive bids totaled IQD 1,020,000.000 and The cut off yield (the highest yield of a successful bidder) determined by auction was 9.30%. (more…)

Maliki: Baghdad opening of the exhibition directory on the political and economic stability in Iraq

Posted: November 1, 2011 in Iraqi Dinar/Politics
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On: Tue 01/11/2011 12:16

Baghdad (news) .. Prime Minister Nuri al-Maliki, that the opening of the Baghdad International Fair evidence of the political and economic stability in Iraq.

Maliki said in a speech at the exhibition was attended by correspondent Agency (news): This exhibition is evidence of the political and economic stability and increased interaction between the international companies, considering the opening of the big challenges for Iraq to rebuild institutions, ministries and infrastructure have, which was broken due to weak laws and regulations, and try, because to achieve guarantees for companies to attract investments for the years to come. (more…)

Shaways discuss with World Bank delegation ways to provide technical support to public and private sectors

Posted: November 1, 2011 in Iraqi Dinar/Politics
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Date: Monday, 10/31/2011 18:27

Baghdad (news) .. Deputy Prime Minister Dr. Rose Nuri Shaways, with a delegation from the World Bank Group cooperation and ways to provide technical support for both the public and private sectors.

A statement of the Office of Shaways received Agency (news) a copy of it on Monday: that the Deputy Prime Minister Ruz Nuri Shaways, received a delegation from the World Bank Group join Bank vice-president Rashad Chaldean and Regional Director for the Middle East Glers Hedda and manager of its branch in Iraq. (more…)

Expert expects growth of the Iraqi economy and its development in the case of the establishment of regions

Posted: November 1, 2011 in Iraqi Dinar/Politics
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On: Tue 1/11/2011 8:39

Baghdad (news) .. Expected economic expert peace Sumaisem development of the Iraqi economy and its growth in the event of the establishment of regions, as it reduces the burden of the state and provides economic freedom, full of individuals.

The Sumaisem (agency news) Tuesday: In the event the application of the idea of establishing regions will lead to a major development of the Iraqi economy and its growth as ease of the State and provide more economic freedom for individuals under the administration of regional good.

and showed Sumaisem: the idea of a regional grant makers in the territory more freedom through the investment of economic resources that are have are allocated annual budget according to the percentage Mahromep, population and social structure of individuals, which makes Kurdistan Regional Government seeks to manage the economic resources better in order to reach the principle of “economic surplus.” (more…)

Alleged solution of conflict over oil legislation

Posted: November 1, 2011 in Iraqi Dinar/Politics
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31/10/2011 15:27
Baghdad, Oct. 31 (AKnews) – In the ongoing conflict between the Kurdistan Regional Government (KRG) and the federal government in Baghdad over a new oil and gas legislation, both sides agreed to adopt the draft law that had been presented in February, according to Ghadhban Fadel, head of the advisers committee in the federal government.

No more information were available.
(more…)

Deputy for the rule of law: Difficult holding an special session due to members being on holiday, travel

Posted: November 1, 2011 in Iraqi Dinar/Politics
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On: Tue 01/11/2011 13:42

Baghdad (news) .. According to a member of coalition rule of law and MP / National Alliance / Yasser Yasiri, that mass support for an extraordinary session of the Council of Representatives on Thursday, despite the difficult place to travel most of the deputies out of the country.

Yasiri said in a statement (of the Agency news) on Tuesday: that the session special of the Council of Representatives called by the number of members of Parliament and approved by the Presidency them, support them for being poured to serve the Iraqi people, as well as discuss important issues concerning the country, explaining the difficulty of holding the meeting for the fact that most MPs have Bagazathm, most of whom were present in the outside the country. (more…)

Baghdad trade fair opens its doors to local and foreign companies

Posted: November 1, 2011 in Iraqi Dinar/Politics
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01/11/2011 13:22
Baghdad, Nov.1 (AKnews) – The Baghdad International Fair opened on Tuesday with 780 local and foreign companies from 17 countries present. Many Arabic companies were absent from the event, opened by the Iraqi Trade Ministry.

The Arabic companies stayed away because of the events taking place in the region, Sadiq Sultan the general director of the Public Exhibitions Company told AKnews.

“The most prominent countries that participate in the Baghdad Expo are Turkey, Syria, Iran, Jordan, Germany, the United states, Netherlands, Japan and China. (more…)

Emergency Session of Parliament Thursday to discuss US Forces; Kurdish Coalition will not take part

Posted: November 1, 2011 in Iraqi Dinar/Politics
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Emergency session without KBC
01/11/2011 12:45
Baghdad, Nov. 1 (AKnews) – The Kurdish Blocs Coalition (KBC), a coalition of Kurdish parties in the Iraqi parliament, will not take part in an emergency session of the parliament on Thursday.

Only some members of the Gorran movement might attend.

Gorran member Latif Mustafa said, the party gave its members the freedom to participate or not. (more…)

CBI Daily Currency Auction Nov 1, 2011; $201.1 million

Posted: November 1, 2011 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 1-NOV-2011. The results were as follows:

DETAILS NOTES
Number of banks 24
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 201,153,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 201,153,000
Total offers for selling (US$) —–