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

Economic expert criticizes political banks to grant loans to the degrees of

Expert criticized the economic policy on behalf of the beautiful banks to grant credit for scores of private and ignore the rest of the staff.

He said the name in a statement to the Agency by news Sunday that the economic policy in Iraq Germouhdp and non-fixed and there is a contradiction between the position and another in the ministries and departments, and that the policy pursued by the banks to lend to certain groups such as special grades and leave the staff of the marks, Central policy is incorrect and influence to create confusion in the economy.

He added the name of the right of every Iraqi citizen to enjoy a loan or advance degree in isolation from the functional, indicating that the owners of lower grades need them more.

He called for an economist to the revitalization of the economic cycle in an atmosphere of supply and demand in the market.

http://radionawa.com/Ar/NewsDetailN....287&LinkID=155

Demands for economic reforms in Iraq

Cultural Foundation held term economic conference discussed the economic demands of the demonstrators who turned out in recent weeks, demanding the reform of economic and political system of government.

The Chairman of the Preparatory Committee for the conference, Abbas told Ghalibi Kurdistan News (Rn) that "the conference comes within a series of economic conferences by the institution-term aim of developing a roadmap for the implementation of the popular demands that a predominantly economic nature."

He added that "the Foundation collected a range of experts and economic officials in the State to discuss with them ways to achieve the economic demands of the demonstrators and that would meet the economic reality in the administrative structure of the Iraqi state."

He said, "The conference discussed three axes first was focused on the implementation of energy for electricity and a number of working papers, which nurture the work of electrical power in the country either second axis focused on food security and specifically about the card and the hub-third focused on the financial and administrative corruption."

In turn, the deputy central bank governor Ahmad Obrihi's (Rn) that "investment contracts with all the energy and oil not only require an analysis of economic and financial deals to see the gains and economic benefits expected from it the reality of Iraq."

"The electrical energy needed to expand production capacities in all areas of oil and gas in addition to the development of local industry and the development of local production capacity."

He pointed out that "fiscal policy in Iraq need to activate and monitor the administrative work for Ataiq monetary or financial or agreements with other countries, Iraq, which is associated with financial projects."

For his part, said an economic analyst and teaching at the University of Mustansiriya Maytham Laibi's (Rn) that "Congress put up three papers are the heart of claims of protesters who turned out in recent weeks and prompted reforms of government of which the first power supply and the second anti-corruption and a reform."

He added that "the government's performance towards the last three axes were not serious over the past years due to the presence of legal and administrative barriers need to reform the real and realistic."

He continued that "the government's performance during the next phase requires the provision of a clear mechanism for fueling the work of economic reforms that are less important than political reforms."

The other hand, an economic expert called peace porous Central Bank and economic institutions-governmental organizations to use the opinion of experts and stakeholders to follow up the economy.

She told (Rn) that "the government's economic institutions away from the Iraqi economists because of concerns that damaged the interests based on those corporate governance by the scientific and economic views compatible with the financial and economic developments in the world."

"The State of Atnhi only by following the opinion of economists because they are familiar with the experiences of developing and they have enough experience for the advancement of the Iraqi economy."

She said "the main issue for the advancement of the Iraqi economy and make real reforms require a change of scope for economic laws and regulations applicable in the management of the economic file in the country."

The conference witnessed an altercation between an economist Salama porous and Deputy Governor of the Central Bank after it called does not have any monetary policy made to modify the economic reality of transactions and the Central Bank. The conference concluded with several recommendations that confirmed the need to develop a plan for providing food security and address the shortage of electric power through the mechanisms as well as a quick review Diqiqp boiled for reform in the salary scale.

http://www.aknews.com/ar/aknews/2/225118/

Iraq Parliament to question President Talabani over Kirkuk

The statements of Iraqi President Jalal Talabani in which he described Kirkuk as “Jerusalem of Kurdistan” spurred wide reservation.

In result, a number of Iraqi MPs gathered signatures to question President Talabani in Parliament on account of his latest statements on Kirkuk.

Parliament Speaker Ousama Al Nujaifi welcomed the request and political parties called on Iraqi President to either backtrack his statements or apologize.

Kurdistan Alliance affirmed that the mechanism of gathering MPs signatures to question Iraqi President Jalal Talabani is non-constitutional.

President Talabani’s statements coincided with the rising tension in Kirkuk on account of Peshmerga Forces’ presence in the city.

http://www.alsumaria.tv/en/Iraq-News...er-Kirkuk.html

Iraq’s oil exports through Iraqi-Turkish pipeline to resume in 24 hours

Technicians of Iraq’s state-owned North Oil Company in Kirkuk have completed repairs on the damaged part of the Iraqi-Turkish pipeline, close to the city of Tikrit, and the crude oil exports would resume during the forthcoming 24 hours, a Company source said on Monday.

The Company’s source told Aswat al-Iraq news agency that the experimental pumping had not started after the successful repair of the damaged of the oil pipeline, but it would be completed in order to resume pumping crude oil within the forthcoming 24 hours.

“The halt in pumping oil through the said pipeline did not affect Iraq’s oil exports, because there is enough storage in Turkey’s Ceyhan Terminal on the Mediterranean.

Noteworthy is that oil exports had halted since last Wednesday through the Iraqi-Turkish pipeline due to an explosion that took place on it between Ninewa and Salahaddin provinces.

http://en.aswataliraq.info/Default1....&id=141456&l=1

Investors and officials: a system No. 7 an obstacle to investment in Iraq

The number of investors and government officials in Babylon that the system of investment No. 7 of 2010 issued by the Iraqi government recently, "an obstacle" to invest in Iraq, critics of items that came to "restrictions" and "obstacles" that would impede the overall investment process in the country.

He said the investor Ala spring, a representative of a Dutch company winning investment opportunity in the field of housing in Babylon, told the Kurdistan News (Rn) that "we came to Iraq came on the basis of good investment environment in which terms were agreed on the draft according to the Investment Law No. 13 of 2006" .

He explained that the above law "gave the right to own land to foreign companies or local communities for construction of housing units, and we got on a vacation investment a year ago now and so far we do not get the contract and the cost of designs 2 million euros and the project includes 870 residential units of apartments and villas all with specifications very high," .

"But we Vwjina issuing system No. 7 for the year 2010 that contains a clause whereby the proportion ranging from 5-12% of residential units to the state in this case has become the land's value after this ratio equal to five times the price," said Spring.

The Iraqi Council of Ministers has issued Regulation No. 7 of 2010 on the organization of the investment process in the housing sector and contains the rules item on the lifting of the financial revenues that you take the state to meet with the establishment of such investment projects where the opinion of specialists, economists, this measure would reduce the development of investment in Iraq.

The spring "with the release of this regime, Iraq has become repulsive environment for investment because investors often look for facilities and not obstacles."

As for businesses, and the talk still spring, "this system has been allocated a rate of 70-10% of the imports of these projects to the state and this will create room for corruption because of the entry of several administrative bodies as partners in it."

He called the spring to "cancel the System 7 because it represents an obstacle to the development of investment in Iraq."

The Abbas-Tai, Vice Chairman of Investment Authority of Babylon, he stressed that "all bodies of the investment may surprise the Iraqi issuing system No. 7 for the year 2010 because it represents a conflict with the essence of the investment law, or with a normal licenses granted and promoted by the former and licenses under grants."

"It is clear that the drafting of the terms of this system did not take things realism and the fact that competitiveness in the investment or did not pay attention to Matffersh the results of the system of more controversy and objections to go back again to waste more time and effort and money and investment opportunities under the regime of minor and instructions unable to move the investment process" .

He said al-Tai "for items which were received in the system they constitute a significant increase in the prices of housing units and will fall upon the citizen beneficiary of the apartments and the role of particular he took the value of land and the entire cost of infrastructure services for the project without any contribution from the state."

"The large number of laws and regulations and the regulations and interpretations will have the effect of successive CIA on the investment climate in Iraq."

For his part, the MP for Babylon Haitham Jubouri Speaking for (Rn) that "the issuance of this system is not the prerogative of the Council of Ministers or any other entity and can not work by only through the approval of the legislative authority of the House of Representatives."

He was astonished that the Attorney-Jubouri "The issuing system so we will claim such as the Congress of the Council of Ministers to clarify why this order was issued without the approval of the House of Representatives."

http://www.aknews.com/ar/aknews/2/225136/

Iraq’s Per Capita Income to Double by 2015

An economist from the Central Bank of Iraq (CBI) has said that per capita income in the country is projected to more than double within the next four years as a result of a sharp increase in Iraq’s oil output and higher market prices for oil, according to a report from RFE/RL’s Radio Free Iraq (RFI).

Majid al-Suri told RFI that per capita income in Iraq is expected to reach $10,000 by the end of 2015 compared with about $4,500 at present.

He said the projections are based on data provided by the Oil Ministry showing that oil contracts signed with major energy firms such as ExxonMobil, Shell, and BP will boost Iraq’s oil production to an estimated 12 million barrels per day, including 3 million barrels that will be used domestically.

But he said he does not expect the considerable increase in oil revenue to guarantee proportionally higher living standards for the populace due to the “rampant corruption” in the country and the “mismanagement of public funds.”

Iraq affairs analyst Bassim Jamil Anton told RFI that emphasis should be placed on promoting other economic sectors to help increase Iraq’s per capita income rather than putting all of the country’s development prospects on the oil sector.

He said Iraq can only hope to match the prosperity of its oil-rich Arab counterparts with growth in such potentially promising sectors as agriculture and tourism and by attracting foreign investment.

Anton said that despite the continuing terror attacks in some parts of Iraq, economic progress is being made and the number of Iraqis living below the poverty line is projected to decline in the coming years to some 5 million people from the current 7 million.

He said that in the meantime, the government’s priority should be lowering the country’s high unemployment rate of 30 percent.

http://www.iraq-businessnews.com/201...ouble-by-2015/

Iraq Investors face obstructions

Baghdad Governor Salah Abdul Razzak said on Sunday that many Ministries are not cooperating with the province and some other implement their projects based on the capital’s budget. The Governor said that the foreign investor is facing obstructions especially when it comes to reviews.

http://www.alsumaria.tv/en/Economics...tructions.html

Three UN Organizations to conclude plans for cooperation with Iraq for 2011-2014

The UN Organization for Children Affairs (UNICIF), the UN Development Program (UNDP) and the UN Housing Fund have signed with the Iraqi government on Monday plans for Iraq’s national cooperation programs, to be implemented by those organizations during the years 2011-2014, according to a UNAMI statement.

“The signing of the said plans represents the basic objectives to be achieved by the said UN organizations during the forthcoming four years, to support the Iraqi government’s development efforts,” the statement stressed.

The statement quoted the UN Secretary-General’s Special Representative in Iraq, as saying that “the said plans includes the United Nation’s support for different vital fields in the national development plan, laid by the government of Iraq, including the development goals, to cover the period till 2015, aimed at improving the welfare of the Iraqi people.

“A number of activities shall be implemented to support the Iraqi government’s potentials, regarding the achievement of basic services for the needy ones, the creation of employment opportunities and the protection of the basic rights of the citizens,” the statement quoted her as saying.

The statement also said that the three UN Organizations would strive through active programs to activate the public sector, through the creation of high-level services, especially in the fields of education, water, sewage and health services.

In addition to that, assistance would be granted to help rehabilitating the electric power generation, building new power plants, along with the continuation of clearing explosive mines and other war-remnants.

The private sector would also be encouraged through special programs to create new employment chances, as well as opening equal opportunities for men and women, to get education and employment.

The statement also pointed out that the working national programs for the said three organizations shall exceed US$600 millions for the forthcoming four years, representing one-third of the revenues need by the UN development assistance framework for Iraq for the years 2011-2014, agreed upon by the Iraqi government.

http://en.aswataliraq.info/Default1....&id=141455&l=1

Economists and Iraqi lawmakers call for the formation of a higher power to organize projects

The number of economists and the Iraqi government of Representatives Monday, to the formation of a higher power to regulate the oil and electricity projects in the country.

A member of the Council of the Iraqi economy Nihad Ramadan, the Council on economic activities and financial in Iraq, Kurdistan News Agency (Rn) that "the Iraqi government if it wanted to promote effectively the electricity projects and oil them to form a higher council for energy consists of the membership and Zraoualkahraba, transport, energy and a representative of the Commission on oil and energy parliamentary ".

She added, "and also membership of the advisory board and the National Investment Commission and a number of experts and managers of government and private banks to facilitate the work of the implementation of projects on energy."

She pointed out that "the President of the Energy Council is the Deputy Prime Minister Hussein al-Shahristani will meet this Board in accordance with a specific schedule to oversee the completion of energy projects in the country and monitor the performance of investment companies."

In turn, said a member of the Iraqi organization of energy Rafie al-Janabi, an organization that coordinates Btimalmcharie between the government and a number of international companies known worldwide for the implementation of electricity projects in the country's (Rn) that "the formation of higher energy will contribute to raise the level of Iraq's ability to cope with the most important challenge before the government is the implementation of infrastructure projects of energy during the next stage."

He added that "the Iraqi government can not promote the electricity projects in development with regard to oil production from the department without a coordinating between ministries and bodies concerned with energy development."

He pointed out that "the individual work to see to the implementation of energy projects, a government error occurred when the previously unknown and must be addressed at the present stage that the time is right too."

For his part, member of the Commission on oil and energy parliamentary Furat al-Shara's (Rn) that "the formation of the higher energy is supposed to submit a form of law by the government to the oil and gas representative for the purpose of organizing its work, provided that Aitqata with the work of ministries included by."

He said, "Parliamentary Committee prefers the formation of a Higher Council of Energy provided that the work goes on according to its legal and legislative contexts and clear."
He continued that "the government in organizing the work of ministries according to the roadmap expansive and mature for the development of energy projects in the country during the next stage."

The Prime Minister Nuri al-Maliki has developed in his council, which consists of the current 42 and the Ministry of vice president for energy affairs. Iraq is facing great challenges on the development of energy projects related to oil and electricity due to the deterioration of infrastructure in the past years due to wars and violence in the country in the past eight years.

http://www.aknews.com/ar/aknews/2/224980/

Iraq investment law still contains flaws, US source

Trade Charge D’Affaires in the US Embassy said on Friday that Iraq current investment law still contains flaws and needs to be amended. He also pointed out that one of the major problems in this law is the ratio of foreign companies’ ownership in real estate sector. The same source added that US companies will come back to work in Iraq.

http://www.alsumaria.tv/en/Economics...US-source.html