Archive for December 14, 2011

Trade exchange between Washington and Baghdad estimated at around 15 billion Dollars per year

Wednesday, December 14, 2011 17:19 GMT

Iraqi embassy in the US announced, on Tuesday, that the trade exchange rate between Iraq and the US is estimated at around 15 billion Dollars per year. Iraqi Prime Minister Nuri Al Maliki, who is currently in Washington, will participate in the Chamber of Commerce seminar in the presence of more than 250 Iraqi and US businessmen, Iraqi embassy declared adding that Maliki will meet World Bank governor. (more…)

Chaired by Foreign Minister Hoshyar Zebari and his U.S. counterpart, Hillary Clinton, a meeting of the Coordinating Committee High in Washington last night.

During the meeting, they reviewed bilateral relations and prospects of the post after the withdrawal of U.S. forces and the implementation of the Strategic Framework Agreement between the two countries also discussed the technical aspects, particularly the organization of the work of the embassy and consulates, the U.S. and needs security and technical. (more…)

Iraqi Prime Minister Nuri al-Maliki is urging more U.S. businesses to come to Iraq to help rebuild the economy.

“We have lots of American corporations in Iraq, however we are not satisfied with the number of American corporations in Iraq,” Malik told U.S. businessmen at the U.S. Chamber of Commerce.

“These corporations, really, thanks to them, they have broken the blockade against Iraq and they have contributed greatly to Iraqi development, however we aspire to have more American corporations and an increasing number of them participating in order to fulfill the needs of the Iraqi economy.”
(more…)

LagardeFollowing her meeting with Nouri Al-Maliki, the Prime Minister of Iraq, in Washington on Wednesday, Christine Lagarde, the Managing Director of the International Monetary Fund (IMF), said she was very encouraged by the Iraqi government’s new budget proposal for 2012, recently submitted to the Iraqi Council of Representatives.

The proposal aims to restrain the growth of current spending, freeing up resources for infrastructure investment and social support, while limiting the size of the budget deficit.

The proposed budget would allow the current Stand-By Arrangement (SBA) to continue providing a safety net to the budget should oil revenues sharply.

Read More: http://bit.ly/thA1UI

Iraq: private banks demanding the application of the decisions she is equal banks, government

12/14/2011 | (Voice of Iraq) – Add comments – Baghdad – Hisham Abdul Wahab – Dar Al-Hayat renewed Iraqi private banks appeal to the Iraqi Finance Minister Rafie al-Issawi intervention to lift the injustice it, in light of the decisions and directives of the ministerial is entirely incompatible with the above private banks that received from the government promises regarding the handle, similar to banks of government.

The executive director of «Association of Iraqi private banks» Abdul Aziz al-Hassoun told «life», said the private banks was surprised by a letter issued by the Ministry of Finance addressed to the Ministry of Electricity are advising it not to deal with private banks and institutions, Hfada public money. (more…)

Baghdad, December 14 (Rn) – The organizers of the Trade Bank of Iraq the (TPI), Wednesday, the restructuring of the bank and reached the final stages to suit international standards.

The Trade Bank of Iraq is a bank established in 2003, according to its law No. 20 of the CPA dissolved at the time, and on his law, he has the Board of Directors, and today is the third-highest executive authority in the country, the prime minister of Iraq, the goal of establishing the bank is to be the interface of Iraq’s financial outward transactions regarding the Iraqi state with the outside world. (more…)

TEHRAN (FNA)- Iraq was elected as new president of the Organization of Petroleum Exporting Countries on Wednesday.

Oil ministers of the producing countries arrived in Vienna this week for their 160th meeting today, when they decided output levels for the first half of 2012.

During the opening session, Iran proposed the member states to choose Iraq as the next rotating president of the oil cartel, which was welcomed by the participants. (more…)

Alsumaria News / Baghdad demanded Deputy Prime Minister for Services Affairs Saleh al-Mutlaq, on Wednesday, the United Nations to help Iraq to establish a real democracy and a government that provides a “decent living”, while calling the international organization to end the problem of Camp Ashraf in a humane manner.

A statement by the Information Office of the Mutlaq after meeting in Baghdad representative of the Secretary General of the United Nations in Iraq, Martin Kobler, received “Alsumaria News,” a copy of it, that the United Nations “to take its usual and assume its historic responsibility to the Iraqi people and their struggle to realize their aspirations to live in peace and security in the light of true democracy and the government provides them with the requirements of living Quran. ” (more…)

Baghdad (news) .. Called adviser Iraqi List, Hani Ashur to intensify and increase the efforts of the UN role in Iraq rather than the quota increased the U.S. in it.

Ashour said in a statement received by the Agency (news) a copy of it on Wednesday to intensify efforts of the United Nations in Iraq through its various programs, can be much better than the quota increased the U.S. in Iraq under various headings.

Ashour went that Iraq still needs the expertise of the international organization in the fields of economy, health, environment, agriculture, education, reconstruction and human rights, to ensure reconstruction better and also ensures stability, instead of increasing the presence the U.S. under different banners. (more…)

Obama to Mark End of Iraq War With Speech to TroopsPUKmedia 14-12-2011 12:41:39

WASHINGTON – President Barack Obama is marking the end of the Iraq war with a tribute to the troops who fought and died in a conflict he opposed from the start.

Accompanied by first lady Michelle Obama, the president was traveling Wednesday to Fort Bragg in North Carolina to address service members and their families as he brings the war to a close.

At a base that’s seen more than 200 deaths over nearly nine years of fighting in Iraq, Obama was to highlight the human side of the war, reflecting on the bravery and sacrifices of U.S. forces now on their way back home. (more…)

confirmed for the economy and investment representative, on Tuesday, it will consider the deletion of zeros from the Iraqi currency, noting that the Governor of the Central Bank and economic experts have made ​​several proposals in this regard. A member of the Sheriff Aziz said in a statement received Mayahi term, a copy of it,

The “Committee for Economy and Investment hosted, today, Governor, Central Bank of Iraq with a number of economic experts,” noting that “the two sides discussed the issue of deletion of zeros from the Iraqi currency.”

He Mayahi that “the Commission listened to a detailed explanation by the delegation on the issue of deletion of zeros” He pointed out that “the Commission will consider proposals for the delegation to that effect to the purpose to reach the appropriate decision in the interest of the Iraqi people.” (more…)

Secretary General of the United Nations Ban Ki-moon, said that progress was possible in the settlement of the issue of missing Kuwaitis and the issue of missing Kuwaiti property, a proposal to extend the period of financial funding for the delegation of the Special Coordinator of the United Nations Gennady Tarasov, on these issues six months.

According to a report that, which was read last night before the Security Council “in the light of the progress possible in the future, I propose to extend the UN Security Council mandate for the Coordinator until June 30 in 2012 to build on the momentum towards the implementation of Security Council resolution relevant. ” (more…)

IMF Press Release on Iraq

Posted: December 14, 2011 in Iraqi Dinar/Politics

Statement by IMF Managing Director Christine Lagarde on Iraq
Press Release No. 11/465
December 13, 2011

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement after a meeting with H.E. Nouri Al-Maliki, Prime Minister of Iraq in Washington today:

“It was a pleasure to meet Prime Minister Al-Maliki today. Over the past several years, Iraq and the International Monetary Fund have engaged in a very successful partnership, anchored by successive IMF-supported economic programs. This partnership has facilitated substantial debt relief and helped achieve macroeconomic stability, including a strong dinar, low inflation, and a resumption of economic growth, in a very challenging political and security environment. (more…)

Iraq will be given the presidency of the Organization of Petroleum Exporting Countries, or OPEC, for 2012 at the group’s Wednesday meeting, Iraq’s Oil Minister said Tuesday.

“Yes we are having discussions with members on OPEC’s presidency next year,” Iraqi oil minister Abdul Kareem Luaiby told Dow Jones Newswires.

“We will get it,” he said.

Read More: http://bit.ly/uvaoBD

The latest daily currency auction was held in the Central Bank of Iraq on the 14-DEC-2011. The results were as follows:

DETAILS NOTES
Number of banks 27
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 144,350,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 144,350,000
Total offers for selling (US$) —–

Uzmatk _ Nassif, calling on the government states discussed in the Security Council to appeal the decision of the demarcation of the border with KuwaitNassif, calling on the government states discussed in the Security Council to appeal the decision of the demarcation of the border with Kuwait

The vice of high-mass white Nassif Iraqi government search of the permanent Security Council members to challenge the decision (833) on the demarcation of the border with Kuwait. (more…)

Scheduled to arrive and U.S. Secretary of Defense Leon Panetta to the capital, Baghdad, on Wednesday on an unannounced visit.

A member of the Commission on Security and Defence parliamentary Chuan Mohamed Taha said that “Panetta will discuss with Iraqi officials the full U.S. withdrawal from the country.”

He added that “the U.S. Secretary of Defense will also take part in the ceremony will be held on Thursday in the capital, Baghdad, on the occasion of the withdrawal of U.S. troops from the country.”

The visit of U.S. Secretary of Defense Leon Panetta, the second to Iraq since taking office early last July, after his first visit to the tenth of the same month.

http://bit.ly/rx4Dgr

Said the head of the parliamentary Liberal The U.S. occupation will not come out of Iraq once and expressed as a representative for the state of law is concerned not to get out of Iraq from Chapter VII, as Deputy for the National Alliance and the presence of 15 thousand employees at the U.S. embassy occupation is padded.

Bahaa al-Araji, said in a press statement that the occupation will keep the institutions may be military or intelligence, referring to the time of military occupation has become a thing of the past, as is the modern occupation in several techniques, including economic and cultural occupation. (more…)

BAGHDAD (Iba) .. Arrived in Baghdad today, Defense Secretary Leon Panetta to hold talks with senior Iraqi officials about the post-withdrawal and participation in the last U.S. troops leave the country.

The calls for Iraq had been launched to increase the representation substitutes for the U.S. to intensify the role of the United Nations in Iraq on the grounds that such an increase would allow third parties to maintain its intervention in Iraq under the pretext that the U.S. presence also will make the broad wishes of the American government hostage. (more…)

The independent Iraqi news agency announced that a member of the Committee of Economy and Investment Amer
Winner of the formation of a committee of parliamentarians and ministers for the purpose of developing strategic plan for the development of the Iraqi economy.

He said the winner in a statement today, he moved via “the Iraqi News Agency Independent” was formed a small committee made ​​up of some members of the Economic Committee in the Parliament and the Economic Commission of the Council of Ministers for the purpose of discussing the situation of the Iraqi economy, and draw a strategic plan five-year or a decimal in order to support and develop, where between the plan include the doors of several of the Iraqi economy Ktfiel the private sector and to support and encourage small and medium enterprises and the elimination of unemployment, in addition to developing the agricultural sector and provide all their needs in order to promote the national economy. (more…)

On: Wed, 14/12/2011 17:43

Washington, Baghdad – d b a, AFP – President Barack Obama said the United States and Iraq were nearing the «turn the page and start a new chapter», where the last troops preparing to leave the country by the end of the month. Obama spoke and and Prime Minister Nuri al-Maliki to reporters after the meeting, Obama said: «After about nine years, ending our war in Iraq and the new relationship will be based on mutual interest and mutual respect».

He stressed that «Mr. Prime Minister, as we conclude this year’s Taking Iraq faces its future, on the Iraqi people to know that you do not hang on stand .. You have a strong partner and durable ». Obama said he would not stay any troops in Iraq, warning other countries to intervene. (more…)

TRWas6083170[Baghdad - where] the face of Prime Minister Nuri al-Maliki on Tuesday an open invitation to U.S. companies to help in the reconstruction of Iraq.

He announced from Washington that “Iraq is passing a new phase in the history of the country after the long war-torn ready to build a new economy or grants opportunities” Without Borders “for U.S. companies.

He said in a speech at a gathering of American businessmen a few steps from the White House that “businessmen and companies, not the generals are now in the vanguard. Adding that” circumstances have improved the improved security situation. ” (more…)

Said Prime Minister Nuri Kamal al-Maliki said Iraq is making strides and is confident in its relations with all countries of the world and we find that the relationship with the United States will achieve the best opportunities for collaboration and action.

The sovereignty in his speech at the U.S. Chamber of Commerce on Tuesday that our partnership with the United States during the last period would be supportive of future partnership, stressing that Iraq today on the threshold of a new relationship will not be invalidated, the military and the generals, but will be entrepreneurs and companies.

(more…)