Thread: Archive News - Iraqi Dinar Think Tank - 24/01/201 - 23/07/2011

Central Bank of Iraq: the integration of private banks to boost economy

The Central Bank of Iraq on Tuesday that the integration of private banks will support Iraq's efforts to provide a free market economy.

The adviser said the Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the central bank is moving towards the promotion of private banks to merge with each other and the composition of capital can form a strong market economy free from the restrictions."

The advisory board of the prime minister had called earlier in private banks to merge among themselves.

Saleh added that "the CBI believes that the restructuring of private banks in line with the general structure of the Iraqi market and the nature of his relationship with other global markets is very important for the development of monetary and banking work in the country."

He pointed out that "the number of private banks arrived in Iraq to 40 banks while capital is still weak and need to be that banks more aggressive with each other to form a strong capital."

And formed a Ministry of Finance in May last an ad hoc committee to develop and organize the work of private banks in the country.

The Ministry of Finance of Iraq to more than 90% of private banks in the country operate according to distinct monetary controls, indicating that the Iraqi Central Bank has succeeded in the development of private banks during the last period.

The total capital of Iraqi private banks from 30 million in 2004 to one billion and 600 million dollars now, except that owned by the branches of Arab and foreign banks operating in the country.

http://www.aknews.com/ar/aknews/2/218414/

Economic Commission for Radio Tigris: nine international companies will aggressively invest in the country

The member of the parliamentary economic committee Hussein Mura'bi Tuesday that nine international companies will aggressively invest in Iraq during the current year.

Mura'bi In a statement to Radio Tigris, said: "The nine companies worldwide, most notably Hyundai, Daewoo, Samsung, made billions of dollars to invest in Iraq during the current year, particularly in the sectors of electricity and housing."

He added: "The current Parliament will enact legislation that would facilitate the work of foreign investment companies."

http://www.radiodijla.com/cgi-bin/ne...-15%2009:19:16

Maliki's visit to Kuwait tomorrow amid optimism the initiative of Kuwait on the relations between the two countries

A source in the Office of the Prime Minister, on Tuesday, said al-Maliki will travel to Kuwait tomorrow to visit a one-day, explaining that there are optimistic the Kuwaiti government to take a positive attitude to turn the page on the past and the development of relations between the two countries.

The source said in an interview for "Alsumaria News", "Prime Minister Nuri al-Maliki will leave Baghdad tomorrow, heading to Kuwait to visit the one-day talks with the Amir and the Prime Minister to discuss several outstanding issues between the two sides."

The source, who requested anonymity, said that "al-Maliki optimistic in making Kuwait a positive attitude will be announced during the visit on the start of a new page in relations between the two countries and turn the page on the past, especially with regard to debt arising from her owed by Iraq since 1990," noting that "discussions with the Kuwaiti side will focus on the invitation of the Emir of Kuwait to attend the Arab Summit in Baghdad at the end next March, as well as raising the profile of missing Kuwaitis and missing documentation."

The source noted that "the visit comes after the call of Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah, the Kuwaiti prime minister during his visit to Baghdad, which asked to be Kuwait's first country visited by al-Maliki," noting that "there is a delegation will be accompanied by al-Maliki is composed of Foreign Minister Hoshyar Zebari, Minister of oil cream for coffee and Transport Minister Hadi al-Amiri and Human Rights Minister Mohamed Shia'a Sudanese Minister of State and the purity of net debt and the commander of naval power."

The Kuwaiti prime minister visited Baghdad on January 12 last at the head of government delegation during which he met both Maliki and President Jalal Talabani and Parliament Speaker Osama Najafi and Foreign Minister Hoshyar Zebari and a number of Iraqi officials.

http://www.alsumarianews.com/ar/1/17...-details-.html

Zebari during a lengthy interview: Iraq's most powerful Arab regimes from the political point

The Iraqi Foreign Minister Hoshyar Zebari said the Iraqi government take to address all issues with Kuwait in accordance with the resolutions of international legitimacy among the most important priorities.

He noted, in a lengthy interview during his recent visit to Damascus that contacts are continuing between the two countries, referring to the upcoming visit of President Jalal Talabani to Kuwait to participate in the celebrations of independence and liberation.
With regard to the Arab summit next month, Zebari stressed that the summit periodically and held important of all nations, and pointed out that the need to convene the summit in these conditions may be greater, considering that Iraq needs for the summit and the Arabs need for Iraq and the following is the text of the interview:

Q - Where did the issue of compensation between Iraq and Kuwait?
C - Iraqi-Kuwaiti relations are progressing steadily and distinct, there are recent visit of Prime Minister Nuri al-Maliki to Kuwait, a bilateral visit to discuss all issues with affection and love and openly with our brothers in Kuwait, there is also a planned visit this month to President of the Republic to participate in the celebrations of independence, liberation and installation His Highness the Prince, and there are ongoing contacts between the Iraqi government and the Kuwaiti Recently visited Iraq, a Kuwaiti delegation a high-level participation of the Prime Minister and Minister of Foreign Affairs and leave a positive impression, too, is certainly a priority for the Iraqi government to address all issues with our brothers in Kuwait according to the resolutions of international legitimacy.

Q - Iraq is now in a state of calm, when we will see real initiatives towards reconciliation among the Iraqi people?
C - the bulk of the reconciliation verification form a government of national partnership, most of the forces and political leaders and all the components of Iraq currently involved in the government is broadly representative, it is true there are still outside the political process, but always the door was open for reconciliation in the light of the democratic system and the new Iraqi in the light of the Constitution approved by the Iraqi people and to renounce violence, these are the basics any of the parties intending to participate and rebuilding of Iraq, and thus reconciliation achieved to a large extent, the door is open in the light of the recognition of the democratic system of constitutional elect, to renounce violence and this is the position of the Iraqi government on the issue of reconciliation.

Q - Despite the relative calm in Iraq was not note the return of Iraqi refugees to their country?
C - there is a return may be slow and not up to scratch, but there are many Iraqis living in Syria and Jordan and Egypt have returned to Iraq, of course we need more efforts and more attempts to encourage them to provide a decent life for them and return them to their jobs, and the issue is not to return, but there is a system of procedures We need to Ndmnha them and the government is serious in this matter and there are projects and programs, and the fact the Iraqi government is grateful to embrace Syria to the numbers of Iraqis, and certainly those numbers are not in the millions, and estimates of the UN High Commissioner for Refugees and its registered in Syria and Jordan, 194 thousand, perhaps there are numbers of other non-registered, and we with all of their return to Iraq and providing the requirements of a decent life for them, the government required to communicate with them and encourage them to return.

Q - There is no doubt that Iraq is a country rich in oil and, but still a list of scenes of misery in Iraq, is it corruption? Are you afraid of infection, what happened in Egypt and Tunisia?
I think Iraq is the most powerful Arab regimes currently in political terms, these infections are not afraid to go to Iraq because the political system is immune, there are elections and there are peaceful transfer of power and there is freedom, what happened in Tunisia was not due to water services, electricity and housing, not even in Egypt, demands the political focus on the freedom of these peoples, as well as representation in power, and this is achieved in Iraq after the rivers of blood, occupation, invasion, war and conflict, but Iraq has reached the stage is not afraid of this infection because the foundations of the system may not be complete or perfect, but the political process continuing.

Q - one of the crucial issues that could flare again in the Iraqi arena is Kirkuk, what defuse this issue?
C - the identity of Kirkuk, an Iraqi identity, and any solution from the outside solution is rejected, the subject of Kirkuk issue of constitutional and there are mechanisms to deal with, and should be under the Constitution to conduct a census was in Kirkuk, but in all of Iraq as a need of national and development of each country, so there is no fear at all of the explosion of this Gunpowder, predicting that people explode.

This position is the position of Massoud Barzani, also a, who played a key role in the formation of the current Iraqi government, so every Iraqi leaders have become aware of the needs of the country, and we must give to each other to reach a compromise formula, we waited nine months and many believe that Iraq has ended and failed experiment, but Iraqi patience has produced a government without resort to any party to violence, weapons, the liquidation of the other, marginalized, and this is a matter of record the Iraqi regime.

Q - How do you assess your relations with Arab states and with?
C - our relations with Arab countries is good but we have embassies in all the Arab countries we have to connect, with everyone, even lasting that there are some states do not have the limit moment Embassy in Baghdad.

The enemy, some of them to reopen their embassies, as well as a delegation of Qatari businessmen will visit Baghdad to explore investment opportunities and, in general our relations with the Gulf Cooperation Council whether a good relationship with Saudi Arabia or Kuwait or Bahrain or Qatar or United Arab Emirates.

Q - How do you assess the anger of the Arab street at the moment?
C - the Arab street is angry and proven events in Tunisia and Egypt and in other areas there is a state of anger and frustration must be the question of reform and change and modernization of institutions, the world is moving very quickly and we are behind on this subject, and ways of life change, and that does not change is change.

God willing, will be many things during the Arab Summit in Baghdad and now preparations are well under way, and the fact that the summit is an independent institution for what is happening and is happening in the Arab countries, and periodic held the task of all nations, may be a greater need for the convening of this summit, in these circumstances, Iraq needs for the summit and the Arabs need for Iraq.

http://www.nakhelnews.com/pages/news.php?nid=5844

Iraq fines Zain for violations

Kuwait-based telecoms provider Zain has been fined $262m by Iraq's Communications and Media Commission for licensing agreement violations, Reuters has reported. "This fine has been imposed because Zain used 5 million SIMS without obtaining prior legal approvals from CMC," the commission said in statement. The fine was imposed on January 11 and the company had three months to pay, CMC said.

http://www.ameinfo.com/256756.html

Al-Maliki meets Kuwaiti emir

Iraqi Prime Minister Nouri al-Maliki discussed on Wednesday with Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah boosting bilateral relations in different fields, according to a statement from his office.

“The premier held talks with the emir and Crown Prince Sheikh Nawaf al-Ahmad al-Jaber al-Sabah, with whom he discussed ways of boosting and expanding relations in various domains,” said the statement received by Aswat al-Iraq news agency.

The Iraqi PM was received upon his arrival in Kuwait International Airport by Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Jaber Al-Sabah, First Deputy Premier and Minister of Defense Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, Deputy Prime Minister and Minister of Interior Sheikh Ahmad Al-Humoud Al-Jaber Al-Sabah.

Al-Maliki congratulated the emir on the national day and the 50th anniversary of the independence.

He said that the new Iraq became more developed in its relations with all countries and succeeded in establishing institutions based on constitution and law.

Sheikh Sabah underlined his country’s readiness to open new horizons of relations with Iraq, noting that he will attend the Arab summit in Baghdad.


http://en.aswataliraq.info/Default1....&id=141025&l=1

Of the oil and gas parliamentary-Shahristani decided to host next week

Declared a member of the Commission on oil and gas parliamentary Bahaa Jamal al-Din that the committee decided to host Hussein Shahristani, the deputy Prime Minister for the Minister of Electricity and Energy Agency next week to discuss some issues related to electric power and oil in the country.

Jamal al-Din The Oil and Energy Committee will host the Deputy Prime Minister for Energy, Hussein al-Shahristani, in the next week to discuss a number of files on oil and electricity, noting that there are a lot of the previous laws to be discussed by the Committee with al-Shahristani, for the purpose of amendment be amended from or cancel some of those laws, as well as discuss the issue of contracts of some private companies, gas companies including Shell.

http://radionawa.com/Ar/NewsDetailN....553&LinkID=155

Kurdistan Alliance calls for reduction of fuel prices and the addition of another sum of money to the ration card

A member of the Kurdish coalition Thursday, the coalition called on the federal government to reduce fuel prices in its different forms and to provide citizens with the share ration complete with the addition of $ 10 thousand dinars to the amount due which is 15 thousand by the government to be 25 thousand dinars.

He said Sirwan Ahmed capable in a press conference held a number of coalition members at the Conference Palace in Baghdad, attended by a reporter and news agency Kurdistan (AKnews) "We have proposals to reduce fuel prices in its different forms by the federal government to provide citizens with the share ration complete and start a $ 10 thousand dinars to the amount due from by the government for $ 25 thousand dinars to the Speaker of the House of Representatives in turn provided to the presidency of the government."

Unable called "the need to allocate for each province of the overall budget for the current year to address the power crisis through the construction and installation of power plant integrated with each province to speed up the implementation of other services and solve the problem of unemployment in all governorates in order to avoid problems that are not ominous."

He added that "those claims came after there have been many areas of Iraq demonstrations demanding the provision of services and lower prices and provide a decent life for the Iraqi people, so do not take advantage of those demonstrations by the people to not care only desolation and destruction of Iraq and its people."

It was Ali al-Dabbagh government spokesman had said that the Council of Ministers decided to give every citizen $ 15 thousand dinars in compensation for the shortfall in the ration card items.

And has seen many areas of Iraq demonstrations demanding lower prices and provide services, attributed the forces and political figures of what happened in some provinces of demonstrations and riots led to the burning building of the Wasit province as politicized by some political blocs, and in the same time, had previously demanded by some members of the Board Representatives need to reduce fuel prices and the provision of services to the Iraqi street so as not to politicize these events and to reassure citizens that the government is serious about providing its needs.

http://www.aknews.com/ar/aknews/2/218849/

CBI sells $163m at week’s end

The Central Bank of Iraq (CBI) ended the week on Thursday with registered $163.225 million, compared to the previous session’s $231.287 million at an exchange rate of 1170 Iraqi dinars per dollar.

"The demand hit $3.100 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $160.125 million in foreign transfers outside the country, covered at an exchange rate of 1,183 Iraqi dinars per dollar," according to a CBI news bulletin received by Aswat al-Iraq news agency.

http://en.aswataliraq.info/Default1....&id=141046&l=1

Authorized representative of Iraq at the Arab League by signing an agreement of multimodal transport

The Cabinet decided to approve the authorization of the Republic of Iraq, Permanent Representative to the League of Arab States the power to sign a draft agreement multimodal transport of goods between the Arab States, based on the provisions of the Articles of the Constitution and the draft convention and the law of treaties, as Minister of State and government spokesman, Ali Dabbagh.

Dabbagh said in a statement that the decision was made with the Foreign Ministry to prepare and document the necessary authorization on behalf of the Government of the Republic of Iraq to the Permanent Representative of Iraq to the Arab League adopted according to the contexts and submit to the General Secretariat of the Council of Ministers in order to obtain the signature of the President Council of Ministers.

And Skinner that the approval comes from the Iraqi government in order to activate all the links with the Arab countries within the framework of the Arab League for the advancement of the services provided in all areas, including the transport sector which is one of the vital sectors to activate the wheel of the economy and development in the region.

He added that the approval also comes to strengthen the economic ties between members of the League of Arab States in the field of multimodal transport, provided that does not conflict with Iraqi laws in force and shall be adjusted and adapted and those laws and recognition from the Government that multimodal transport is one element in the development of trade between Arab countries and to the need to strengthen the chances of finding multi-modal transport services are the ease and efficiency and to suit the needs of Arab trade with a desire to develop multimodal transport services between the Arab countries.

He pointed out that the draft agreement reflects the desire of Arab States members of the League of Arab States and the United Nations Economic and Social Commission for Western Asia (ESCWA), in the promotion and development of economic ties between them and to achieve the provisions of Article II of the Charter of the League of Arab States of the need for close cooperation between the states of the League through the development of licensing and transport documents, insurance contracts and data transport documents.

http://radionawa.com/Ar/NewsDetailN....635&LinkID=155