Archive for August, 2012

31/08/2012 11:11
Baghdad / Bri Center for the Iraqi Media Network – The Central Bank of sending a number of banking proposals to the Cabinet allow dealing بالسبائك and gold.

The deputy governor of the Bank the appearance of Mohammed Saleh (Brief Center for IMN) that “the central bank suggested that the government promote deal banks بالسبائك and gold and silver.” (more…)

31/08/2012 10:54

BAGHDAD / Bri Center for the Iraqi Media Network – said the Central Bank of Iraq that he is committed to accountability in front of the legislature (parliament) and in accordance with the authorized limits of validity, and the last issue of the decisions are enforceable by the Bank.

The deputy governor of the Bank the appearance of Mohammed’s (Brief Center for the Iraqi Media Network) that “the Constitution committed the central bank accountable to the House of Representatives and there is no response by the bank without any hesitation is committed to implement anything issued by the Council.” (more…)

{Maysan: Euphrates News} demanded the head of the Supreme Council Ammar al-Hakim, on Friday, the need to develop a clear economic vision and successful in agriculture and industry.

Mr. Hakim said during a speech to a rally of youth and women organizations in Maysan province today “we need to see a clear economic and successful in agriculture and industry in the country.”

http://bit.ly/Q7Akgd

BAGHDAD – Reuters
Said Iraqi Deputy Prime Minister, Rose Nuri Shaways, the Kurdistan semi-autonomous ready to resume talks with Baghdad to end their political differences, particularly on the oil law deferred for a long time, which would give regional authorities more influence in the management of energy resources. (more…)

Date: 2012-08-31 15: 38: 25 Friday

Baghdad (News) … Invited Member of the Committee on the economy and investment representative/Deputy Coalition rule of law/Abdul Salam al-Maliki, the Iraqi Government to speed up the engagements with investment companies in all the compliments, reduce red tape and procedures the complexity and constraints faced by the investor. (more…)

Date: 2012-08-31 11: 57: 15 Friday

Baghdad (News) …Former Planning Minister Mehdi Al-Hafez, the economy of the States of the region and the events of two years ago to make its economy declined significantly, to exploit events to rebuild Iraqi economy collapsed 30 years ago.

Haafiz (News Agency news): Iraq and its wealth and big budgets and efficient minds will be able to rebuild their economy collapsed since the beginning of the 1980s, where I started the wrong policies of the former regime, the wars and the imposition of the embargo and US occupation. (more…)

29/08/2012 03:21

BAGHDAD / Bri Center for the Iraqi Media Network – confirmed the Parliamentary Joint Committee (Legal and energy) to hold a second meeting next Wednesday to discuss the possibility of unification of positions on the draft law of oil and energy serve as a basis for discussion.

The decision of the Commission on oil and energy and a member of the Joint Committee Qasim Muhammad’s (Center Brief for the Iraqi Media Network) that “the joint committee, which includes six members of the oil and the likes of the Legal Committee ended its first meeting today and agreed to hold a second meeting next Wednesday.” (more…)

Remember the old saying “You can’t see the forest for the tree’s”?

When reading into the events mounting up to the speculated RV that is exactly what applies.

As a follower of the Iraqi news you must learn to read the news but also see the positive strides being made which is often cluttered by articles headlining feuds, disagreements, setbacks, delays, etc.

Since January 2012 we have seen major steps taken in Iraq. We have see steps to finalize the tariff law, steps toward WTO ascension, steps to end outstanding debts owed by Iraq, steps toward completing World Bank and IMF directives, steps to complete banking upgrades, steps to end Iraq-Kuwait issues, steps toward enacting the HCL law, and of course steps to complete currency reform (dropping zero’s / new currency) in Iraq.

(more…)

29/08/2012 07:05 PM

Central Bank of Iraq for “debt settlement more than 13 thousand creditor commercial for Iraq outside the Paris Club.

Said the deputy governor of the Bank the appearance of Mohammed Saleh told the National Iraqi News yesterday that” the amount that was settled for trade creditors is $ 21 billion the rest of it about $ 2.7 billion to pay government bonds repayable in 2028 Pfaúd 5.8%. (more…)

30/08/2012 02:38
BAGHDAD / Center Brief for the Iraqi Media Network – announced the CBI for completing the feasibility study the technical and economic project credit card, while stressing he was waiting completion of evaluation and development agency U.S. so they can be awarded the tender to specialized companies. (more…)

08.29.2012
announced the decision of the oil and gas in the Iraqi Council of Representatives, on Wednesday, an agreement in principle between the presidencies of the Council of Ministers and the Iraqi parliament on adoption of a draft law of oil and gas for the year 2007 for approval by the House of Representatives, adding that the Kurds supported that choice. (more…)

Date: 2012-08-30 09: 27: 24 Thursday

Baghdad (News) … Member of the Committee criticized oil and energy Deputy/Iraqi/coalition mutasher Samurai, invite the United Nations Commission on the Federal Government to intervene for the oil and gas law to resolve problems between Baghdad and Erbil.

He said Samurai (News Agency news): that the United Nations has a long history of international disputes, but its call to resolve internal disputes in Iraq is “flawed” Government and Iraqi officials. (more…)

Version 10 has been read once
Author: the future of Iraq

08/30/2012 12:00 am

Trade Minister that tariff law new will not be applied before the adoption of the electronic system at the border crossings of the country.

said Khairallah Hassan that “tariff law passed by the Iraqi parliament in 2008, was scheduled to be applied on the first of June in the country’s border crossings with neighboring countries, including border crossings located in the province of Kurdistan, is that law enforcement will not be before the adoption of the electronic system in those crossings. ” (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 30-AUG-2012. The results were as follows:

DETAILS NOTES
Number of banks 30
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 264,433,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 264,433,000
Total offers for selling (US$) —–

Exchange rates

Thursday, August 30 / August 2012 11:21

House began holding its regular included the first and second readings of a number of bills, including the amendment of the law of provincial elections.

The parliamentary source told all of Iraq [where] on Thursday that “the House of Representatives held its regular headed first deputy chairman of the Council Qusay al-Suhail agenda includes the second reading of a proposed third amendment to the electoral law of provincial and district and provincial No. [36] for the year 2008 and the vote on the bill Emaar infrastructure and service sectors. ” (more…)

Wednesday, 29 August / August 2012

Parliamentary Finance Committee stressed that the decision to host or interrogate Iraqi Central Bank Governor will be determined by the report of the fact-finding committee set up by the House of Representatives headed by Chairman of the Finance Committee Haider Abadi.

A member of the Committee Secretary Hadi “The decision to host or questioning central bank governor Sinan al-Shabibi will depend on what سيتضمنه report of the fact-finding committee set up by the Council, headed by Finance Committee Chairman Haider al-Abadi,” noting that “there are violations in the Central Bank.” (more…)

BAGHDAD – Iraq News Network: report documented figures showed the disappearance of nearly $ 12 billion from sales of the Central Bank of Iraq within six months starting from 1/1/2012.

The source said that after anonymity because of the sensitivity of information that “vetting process took place with the Tax Authority and found that imports from the ports Iraqi border amounted to $ 100 billion over a period of six months starting from the first of January of the current year which is a result of the transactions on goods falling into the country worth 7-8 billion dollars. ” (more…)

30/08/2012 11:46
BAGHDAD / Center Brief for the Iraqi Media Network – decided to fact-finding committee formed by the Council under the chairmanship of First Deputy Speaker of Parliament Qusay al-Suhail and the membership committee chairmen of Finance and Economy and Chairman of Supreme Audit and the first meeting hosted officials at the Central Bank, including governor Sinan al-Shabibi. (more…)

30-08-2012 12:40 PM
Warned the Iraqi List MP Jawad al-Bolani, Thursday, the risk of significant threats to the Iraqi economy because of money-laundering operations.

And Jawad al-Bolani said in a press statement that ‘the Iraqi economy is undergoing a serious and must be drawn to it because of its negative impact on the Iraqi people ‘, stressing’ the presence of money laundering crimes, and the lack of a clear vision for the state institutions’. (more…)

Author: MT Editor: SS | AA Wednesday 29 August 2012 15:32 GMT

Alsumaria News / Babylon
A number of shop owners in the banking Babil province, on Wednesday, the spread of counterfeit currency in the markets of the province, accused the government banks to stand behind it, took the administration of the province owners of these shops responsible for the spread of these currencies.

Said one shop owners banking preservation and named Abdullah Mahmoud said in an interview for “Alsumaria News”, “conservative suffer from the spread of counterfeit currency in which the private class ten thousand dinars, which can not be easily distinguished,” and accused the government banks to “stand behind it.” (more…)

29/08/2012 12:00 am

BAGHDAD – morning
MP Abdul Abbas Xiaa directed Parliament to amend and enact laws promote investment and provide appropriate working environment to activate the work and achievement.

said Xiaa that the current stage requires issuing new laws guaranteeing the rights of the investor and the project owner (the state) and provide a favorable environment for the implementation of specific projects within the time periods specified, pointing to the need for cooperation with the private sector in this area to find out when the most important determinants legal. (more…)

Published 30/08/2012 09:45 AM

Babinaoz – agencies: on the magazine “The National Interest” U.S. what it described as “threatening Iraqi President Nuri al-Maliki early parliamentary elections,” and predicted that “gets it early next year.”

The magazine considered the U.S. that “the chances of survival of Maliki in power is still available, in the light of the disintegration of the opposition that stands in the face, not to mention the Iranian support received, and the United States, which opposes his authoritarian rule did not move a finger in his face so far.” (more…)

Thousands of Main Street investors, fed up with a stock market that has barely moved in more than a decade, are seeking out heftier returns in more exotic investments.

And then there is Ryan Williams.

Williams, 35, of Bakersfield, Calif., has abandoned US stocks and bonds for one of the chanciest investments on the map: the Iraqi dinar. (more…)

Published 29/08/2012 09:36 AM

Babinaoz – Agencies: approved by the Central Bureau of Statistics of the Ministry of Planning, the arrival of inflation base in Iraq to record levels, reaching 140.7 percent registered an increase of 5.9 compared to last year.

The newspaper said (life) of London that “saw annual inflation indicators, compared to last year, a clear rise of 5.9 percent, as a result of rising housing prices in different areas of Iraq at 10 percent, compounded by high housing rents by 13 percent.” (more…)

29/08/2012 13:30
ERBIL, Aug.29 (AKnews)- Most of the political blocs at the Iraqi Council of Representatives have agreed that the 2007 oil and gas bill should become a basis for drafting the oil and gas law, said coordinator of oil and gas committee.

A committee assigned by the presidency of the Council of Representatives is due to choose one from the three proposed bills as the basis for the law. (more…)

Posted on 28 August 2012.
Inflation for July was up 7% year-0n-year, according to the Central Statistics Department of the Planning Ministry.

Prices of some food and beverages, particularly fruits and vegetables, fell.
Houses prices were up by 10% nationwide, with rents up 13%.

In a separate report, ‘core inflation’, which strips out fuel prices, fell to 5.9% in July.
(Sources: Aswat al-Iraq)

http://bit.ly/SStY78

29/08/2012 09:00
BAGHDAD – Brief Center for the Iraqi Media Network – and Iraqi officials held Koetyawm during the next term meeting to close the pending issues as a prelude to remove Iraq from Chapter VII.

And witnessing Iraqi-Kuwaiti relations are positive developments as it announced Kuwaiti Ambassador to Iraq Ali insured recently his country’s determination to open consulates in the cities of Erbil and Basra as well as the offices of the embassy in the number of Iraqi provinces, and confirmed that the Kuwaiti side touching seriousness of the Iraqi government to close the outstanding issues between the two countries Since the nineties of the last century. (more…)

BAGHDAD / Conference
The Ministry of Commerce to request support and assistance from the U.S. side in complete journey on Iraq’s accession to the World Trade Organization. And Oharwazzar Khairallah Hassan Babiker ministry statement broadcast media office to steps reached by Iraq in joining the World Trade Organization seeking support from the U.S. side to help the entry of the organization because of its of returns on the Iraqi economy as well as its call for the participation of U.S. companies active in the sessions Baghdad International Fair. (more…)

called the parliamentary Finance Committee to increase the level of coordination between the Ministries of Foreign Affairs and Finance to end the file of Iraq’s foreign debt.

A member of the Committee Secretary Hadi’s (Brief Center for the Iraqi Media Network) that there is a need to increase the level of coordination between the Foreign financial زراتي and to end the file of Iraq’s foreign debts. “ (more…)

August 29 / August (Rn) – counting specialists rise in inflation levels normal and consistent with the reality of the Iraqi economy and imbalances suffered by them, stressing the possibility of control despite the presence of substantial reasons behind this slight increase. Bazar, Market And reduced the Vice Governor of the Central Bank of Iraq the appearance of Mohammed Saleh of the importance of the slight increase witnessed inflation levels during the past few months, considering the increases in prices and declining natural, not increasing.
(more…)