Archive for January 16, 2012

Kuwait Foreign Minister: Iraqi PM to visit Kuwait soon; Kuwait is eager to set a roadmap for Iraq’s Chapter VII exit

Posted: January 16, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, RV-O-Meter, Top Headlines
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1/16/2012 5:50:00 PM | Kuwait News

Deputy Prime Minister and Foreign Minister and Minister of State for Cabinet Affairs Sheikh Sabah Al-Khaled Al-Sabah announced Monday that Iraqi Prime Minister Nouri Al-Maliki will visit Kuwait soon upon an invitation from His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah.

“We hope the visit would achieve the desired outcome and build on what was achieved in last year’s visit,” Sheikh Sabah Al-Khaled said in a seminar on the sideline of the first Kuwaiti-Iraqi Media Forum held here and attended by Information Minister Sheikh Hamad Jaber Al-Ali Al-Sabah. (more…)

Iraq eyes more Kuwaiti investments – NIC chief

Posted: January 16, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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1/16/2012 8:22:00 PM

KUWAIT, Jan 16 (KUNA) — Iraq is eyeing greater contribution from Kuwaiti investors to development and rebuilding, visiting Iraqi National Investment Commission Chief, Dr. Sami Al-Aaraji said Monday.

“The goal of this visit is to discuss the prospects of joint cooperation with the Kuwaiti investors,” Al-Aaraji said in a meeting with representatives of the Kuwaiti private sector and Kuwait Chamber of Commerce and Industry (KCCI), attended by KCCI Deputy Chairman Khaled Al-Sager. (more…)

UAE waives $5.8 billion of Iraq debt

Posted: January 16, 2012 in Iraqi Dinar/Politics, Top Headlines
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Proposes way forward by holding successful Arab summit in Baghdad

Abu Dhabi: The UAE has decided to waive Iraq’s debt of $5.8 billion (Dh21.29 billion) and backs holding the next Arab summit in Baghdad, Foreign Minister Shaikh Abdullah Bin Zayed Al Nahyan announced.
“An agreement will be signed soon to lay out the legal framework for waiving old Iraqi debt of $5.8 billion,” Shaikh Abdullah told a joint news conference with his Iraqi counterpart Hoshyar Zebari.

On holding the next Arab summit in Baghdad, Shaikh Abdullah said there was a decision by Arab leaders to this effect. “The question is when this summit can be held in Iraq, so that that summit will be successful. We Arabs want to make sure the next summit will be a step forward and at the same time keep Iraq’s right to host the summit.”

(more…)

CBI anticipates per capita income to increase to $6k in the current year

Posted: January 16, 2012 in Iraqi Dinar/Politics
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Baghdad, January 16 (AKnews) – The Central Bank of Iraq that the Iraqi per capita income will reach 6 thousand dollars in 2012.

The deputy governor of Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the central bank believes that the average per capita income will reach to 6 thousand dollars a year after the State has introduced a system for enhancing oil projects and economic projects.” (more…)

Source: Washington putting enormous pressure on Iraq’s three presidents to resolve disputes during the current month

Posted: January 16, 2012 in Iraqi Dinar/Politics
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Source familiar with the backstage meeting of the three presidencies, he’s “the world” yesterday, that “can safely say, that the meeting had failed,” noting that “the reason is the insistence of the Iraqi bloc to introduce the case of Tariq al-Hashemi in the heart of the agenda of the National Congress, rejected the other team this request, and left him to decide to eliminate it. “

The source, who asked not to be named, the sensitivity of the information given by, “There is tremendous pressure exercised by the U.S. side on the three presidencies, for the success of the National Conference, and the liquidation of the differences during the month,” pointing out that “entering the Americans strongly on the line of the conference , came after the transformation of the Iraqi file to the red paper, however, Republicans, Democrats generally Ishrunha constantly, grounds that they withdrew early from Iraq, leaving him facing a serious fate. ” (more…)

IMF calls for Iraq not to enact laws that shackle the economy

Posted: January 16, 2012 in Iraqi Dinar/Politics, Top Headlines
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Revealed the parliamentary finance committee on Monday that the International Monetary Fund called for in his recent visit to Iraq, the House of Representatives not to enact laws that contribute to undermine the growth of the Iraqi economy, indicating that the legislation of laws increase the operational budget at the expense of investment irritated the International Monetary Fund.

A member of the parliamentary Finance Committee Najiba Najib’s “Twilight News” that “representatives of the International Monetary Fund in their recent visit to Iraq, met with the Chairman of the House of Representatives (Osama Najafi) and members of the Finance Committee and asked Council not to enact laws that hinder the growth of Iraqi economy.” (more…)

Kuwaits Ambassador in Iraq: Kuwait will not put any obstacles in front of Iraq’s exit from Chapter VII

Posted: January 16, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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16/01/2012 12:41
New Kuwaiti Foreign Minister Sabah Al-Khalid Al-Sabah his country’s desire to convert the remainder of the compensation to the economic investments in Iraq to promote the positive spirit and serve the people of the two countries.

Al-Sabah said in remarks to Iraq that his country looks forward to the visit of Prime Minister Nuri al-Maliki to Kuwait to discuss outstanding issues. (more…)

Iraq to normalize economic relations with the world at UAE Sino-Arab conference

Posted: January 16, 2012 in Iraqi Dinar/Politics, Top Headlines
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ERBIL, Jan. 16 (AKnews) – Iraq is planning its participation in the fifth round of the Arab-Chinese Businessmen Conference. Iraq’s aim is to normalize economic relations with the world.

Iraq is expected to attend the one-day conference in Sharjah city with a high-level delegation headed by the Minister of Trade Khairullah Hasan. (more…)

Source: Strategic framework agreement between Iraq and US will begin next month

Posted: January 16, 2012 in Iraqi Dinar/Politics, Top Headlines
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16/01/2012
Next month .. Activation of the strategic framework agreement between Baghdad and Washington

I learned »morning» from American sources informed that the next month will see the activation of the strategic framework agreement between Baghdad and Washington. This comes at a time when presidents of the Republic, ministers and deputies separately with the delegation of senior U.S. ways of strengthening relations between the two countries. Has met President Jalal Talabani, yesterday evening, the first Assistant Secretary of State William Burns and his accompanying delegation, which included the U.S. ambassador to Iraq, James Jeffrey. (more…)

Iraq Bank calls for urgency in the banks, the use of technology

Posted: January 16, 2012 in Iraqi Dinar/Politics, Top Headlines
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Chairman of the Board of Directors called on the North Bank for Finance and Investment, Sunday, to mainstream the use of the national system of apportionment (the key national) banks are all Iraqi, because it is a necessity required by the process of dealing with mass cash contexts technique.

The head of the Board of Directors of Bank of the North Nawzad David Fattah, dry in a press statement seen by “Twilight News” “I hope to accelerate the Iraqi Central Bank in the implementation of its program aimed at developing an electronic communication is linked to a network of contacts between the banks, especially as some private banks began the period of use technology through a unified network linking its branches thanks to the electronic clearing system. ” (more…)

State of Law MP reveals a mechanism to resolve outstanding issues with Kuwait and one basket

Posted: January 16, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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MONDAY, 16 JANUARY 2012

Detect a coalition of state law, Sunday, on the situation of the Iraqi government a mechanism to resolve outstanding issues with the State of Kuwait, adding that the ongoing communication between the two sides with respect to this matter.

The MP said the coalition of state law, Ihsan Al-Awadi in an interview with “El agreed News” that “Prime Minister Nuri al-Maliki had put the mechanism of action will present when he visited Kuwait to resolve outstanding issues, a basket and one, and to improve the situation between the two sides in general,” explaining that “the solution to these issues will be across sessions and rounds of talks between the two sides. “
(more…)

Arab delegation to visit Baghdad in preparation for the March summit

Posted: January 16, 2012 in Iraqi Dinar/Politics, Top Headlines
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16/01/2012

Secretary General of the Arab League, Nabil el-Arabi that Arab delegation will visit Baghdad at the end of this month in preparation for the summit. He said the Arab from Muscat will be holding the annual Arab summit this year in Baghdad next March as scheduled.

The Secretary-General stressed that the summit will be held on time and that the study of the preparations for the summit is underway. And proceeded to the Secretary-General of the League of Arab States for a working visit to the Sultanate of Oman and the Kingdom of Bahrain on a tour aimed to consult with the heads of the kings of the Arab countries with the approach of the coming Arab summit and listen to their views on the great changes that have occurred in the Arab world, as well as to review the Arab situation of the current and future prospects of the process peace in the Middle East. (more…)

Board of Directors at Economy Bank: Conflicting decisions of the Central Bank and the financial impediment to the private banks

Posted: January 16, 2012 in Iraqi Dinar/Politics, Top Headlines
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Date: Mon 01/16/2012 9:11

Baghdad (news) .. The Chairman of the Board of Directors of Bank of the economy Husam Obeid to the existence of conflicting decisions issued by the Ministry of Finance and the Central Bank, which hinders the work of banks in Iraq.

Ebeid said (of the Agency news) on Monday: The most important obstacles that stand in front of the work of Iraqi banks is the inconsistency of decisions and instructions issued by the Central Bank and the Ministry of Finance, through the issuance of a decision by the Ministry of Finance not to deal with private banks because they are not disciplined, and the Central Bank underlines the need to deal with it. (more…)

The launch of the introduction of electronic clearing instruments magnetic

Posted: January 16, 2012 in Iraqi Dinar/Politics, Top Headlines
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After the central bank set the beginning of 2012 to implement

Embarked on Iraqi private banks launched the use of clearing system website, which passed by the Central Bank of Iraq and stay with her implemented by early 2012 after that succeeded in overcoming all the mistakes possible.

This was announced by the (morning) The Executive Director of the banks, the Iraqi Special Abdul Azizi Goldfinch, he ended the Iraqi banks of the classification and operation of the system the new banking and private application of electronic clearing a developed system will re-work the new magnetic instruments and would contribute to raising the performance and efficiency of the banking sector. (more…)

Deputy for Iraq: Iraq’s neighboring countries have made an arena for settling accounts

Posted: January 16, 2012 in Iraqi Dinar/Politics

Date: Monday, 01/16/2012 14:56

Baghdad (news) .. accused leader of the bloc dialogue MP / coalition in Iraq / Hamza Dawood Alkrtani, all the neighboring countries that it made ​​Iraq an arena for settling accounts of political and personal.

He Alkrtani in a statement (the Agency news) on Monday: All neighboring states intervene in Iraqi affairs, and that these countries have made ​​the country a battleground to settle regional accounts at the expense of the Iraqis, stressing that the enemies of Iraq from neighboring countries will end up and will thwart their plans through the coming together of the people and upholding the Arab identity of Iraq and loyalty. (more…)

CBI Daily Currency Auction Jan 16, 2012: $232.5 million

Posted: January 16, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 16-JAN-2012. The results were as follows:

DETAILS NOTES
Number of banks 22
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 232,516,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 232,516,000
Total offers for selling (US$) —–

Iraq participates Conference of Arab Businessmen and Chinese in Sharjah next Wednesday

Posted: January 16, 2012 in Iraqi Dinar/Politics
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Erbil, January 16 (Rn) – The Iraqi Trade Minister, on Monday, on the participation of high-level Iraqi delegation at the Conference of Arab Businessmen and Chinese which will be held in the UAE next Wednesday.

Khairallah said Hassan, told the Kurdish news agency (Rn) that “Iraq is a high-level delegation will take part in the Second Conference of Arab Businessmen and Chinese to be held next Wednesday the 18th of January in the city of Sharjah Emirates.”

The good God that “the objective of participating in the conference is to strengthen Iraq’s economic relations with the countries participating in all the magazines,” adding that “he will lead the Iraqi delegation will include representatives from other ministries as well as a number of businessmen.” (more…)

Iraqi Finance renewed downloaded the responsibility of ministries and provinces delayed the preparation of final accounts

Posted: January 16, 2012 in Iraqi Dinar/Politics
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Baghdad, January 16 (Rn) – renewed the Federal Ministry of Finance, on Monday, confirmed that the ministries and agencies and the provinces are responsible for the delay in the preparation of final accounts for the financial budgets since 2004 to 2009.

And declared the House of Representatives this week that he has received the final accounts of the Ministry of Finance for the 2010 budget only.

A spokesman for the ministry Zaid Zamel told the Kurdish news agency (Rn), that “There is a problem in the final accounts of the budgets of the years since 2004 until 2009 due to the lack of complete information on aspects of the disbursement of budgets by the provinces and ministries,” noting that “the Ministry of Finance is a University for bills of exchange. ” (more…)