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

Iraqi Economy Suffers from Lack of Trained Managers

The Iraqi economy is suffering due to a lack of properly trained managers, an Iraqi business leader said on Monday.

The head of the Iraqi businessmen federation in Basra, Sabih Habib al-Hashemi, told AKnews that the management situation means that Iraq’s resources are not being properly exploited.

“Most of the economic issues in the country are due to institutions and committees being managed by unspecialized people and this has negatively affected the Iraqi economy,” he said.

“Iraq took positive steps by opening the doors to the private sector, but unfortunately these steps were accompanied by a number of drawbacks, notably poor management and this allowed the entrance of many the unspecialized people.”

Despite this lack of local expertise, Iraq has taken steps to restict the numbers of foreign workers who can enter the country.

http://www.iraq-businessnews.com/201...ined-managers/

Maliki confirms the resolve of the American presence in Saturday's meeting

Vice expected for a coalition of state law, said Thursday that the leaders of the blocks settle their position on the U.S. troops stay or not at the next meeting, noting that U.S. Vice President will be shown in his upcoming visit to Iraq is part of the survival of his country's military forces.

He was President of the Republic and the House of Representatives announced yesterday the Iraqis to set a date next Saturday for the meeting of leaders of political blocs.

The MP said the coalition of state law bloc affiliated with the National Alliance, Abdul Salam al-Maliki in an interview that "the upcoming meeting between the leaders of political blocs will discuss several major themes highlighted the opinion of the political blocs about the U.S. troops stay or not, because they unanimously to adopt a unified position on this matter has become a necessity."

Asked U.S. officials Iraqi politicians in more than one occasion determine their position on the possibility of requesting the extension of the presence of U.S. troops in the country, but that Baghdad has not announced its official position to this moment, despite the suggestion of Prime Minister Nuri al-Maliki to the possibility of requesting political blocs, the extension of U.S. troops.

The MP from the coalition of state law that "the Vice-President of the United States will be presented in his upcoming visit to Iraq remain a part of U.S. forces," stressing that "the leaders of political blocs assembled on the withdrawal of U.S. forces end this year to the security agreement between Iraq and the United States" .

The blocks were part of the National Alliance had earlier announced its refusal to extend the stay of U.S. troops scheduled to withdraw by the end of the current security agreement concluded between the U.S. and the Iraqi government in 2008.

Prime Minister and Commander of the Armed Forces Nuri al-Maliki had announced, earlier, that the armed forces and the Iraqi security services are able to take full responsibility after the withdrawal of American troops late this year.

However, the Army Chief of Staff Babacar Zebari, the Iraqi team has described the full U.S. withdrawal from Iraq by end of 2011 the move premature, and its forces do not have the ability to take over the security file, before 2020, especially in the areas of air and sea.

A source revealed the existence of a general trend in most of the political blocs to keep the Navy and the U.S. air strike in Iraq is far end of the scheduled withdrawal date of 2011.

http://www.shafaaq.com/sh2/news/iraq...-08-20-11.html

Investment Baghdad participate in the Forum and Exhibition of Investment and International Economics in Karbala

Baghdad Investment Authority participated in the meeting and exhibition of investment and the international economy mainly in the province of Karbala.

The head of the Investment Commission of Baghdad professor Shaker Zamili reporter that the Forum and International Exhibition for Investment and the economy is the first of its kind in Iraq, where he participated in the forum of international companies and Arab numbered 25 companies offered during the last produced by high-tech industries in the fields of industry and trade.

Zamili said that the forum aims to inform companies on the size of the expected investments in the province as well as benefit from the accumulated experience of international companies through the exchange of ideas and mutual benefit and signing contracts with them.

Forum is also a real opportunity for companies and investors to stand on the investment opportunities in Iraq in general and especially of Karbala for a variety of investment projects.

http://al-iraqnews.info/new/economic-news/67486.html

Complete the restructuring plans of good banking and Iraq Iraqis

The World Bank announced on Friday that it had completed the plans and technical procedures, financial and legal assistance to improve the performance of a bank of good and Mesopotamia state-owned and restructuring.

The director of the unity of the restructuring of two banks Majid picture of Kurdistan News Agency (Rn) that "the unit re- structuring the problem by the World Bank completed the plans and technical procedures, financial and legal that will improve the performance of a bank of good and Mesopotamia and restructuring in line with the development of e in the work of international banks."

He added that "the Commission will develop a system of payments banking and the expansion of banking transactions and raising the administrative bureaucracy at work bank to ensure the expansion of the activities of banks."

He pointed out that "the Commission will study the Iraqi Central Bank and the Ministry of Finance in order to start the training of cadres functional Rafidain and rational."

And decided to Iraq in 2006, the restructuring of the banking sector to allow direct investment in banks and get rid of the heavy debt burden on major banks owned by the state after decades of war and economic isolation.

The main objectives of the program is to restructure the two largest Iraqi owned by the state and are the Rasheed Bank and Bank of Iraq and the restructuring of the Audit Department at the Central Bank and the development of the private banking sector.

According to the CBI, the external debt and internal Bank of Iraq reached $ 28 billion while the debt of the Rasheed Bank, one billion dollars, and borrowed the government most of the foreign debt owed ​​by the banks. will be concentrated under the plan, in 2011 to implement training programs for departments such as the Audit Department at the Central Bank and the unity of Branches in each of the Bank of Iraq and Rasheed Bank.

The main goal of restructuring is to reach a sound banking system and sophisticated because the five banks owned by the state controls about 90 percent of the activities of the banking sector as a whole.

The aim of the restructuring plan is also to transform the Iraqi banks, other financial companies specialized, such as development banks and Islamic banks to encourage investment and development of the real economy.

http://www.aknews.com/ar/aknews/2/250776/

Association of Lebanese Banks denies entry money of the country through Syria

denied the Association of Banks in Lebanon, the health of the reports that indicated the deposit of $ 20 billion in Lebanese banks, for the people, the Syrians may be named within the list of defendants in the indictment.

The head of the Assembly, Joseph Tarabay after his meeting with President of the Union of Arab Banks Adnan Ahmed Yousif, President Lebanese Prime Minister Najib Mikati, "There is no possibility to enter any transfers officially from Syria to Lebanon due to the limitations set out in Syria on foreign remittances, especially at this particular time."

He pointed out that "the Lebanese banks do not accept any amount of cash exceeding ten thousand dollars, but reasons and evidence is documented and everything is rolling in this regard is not baseless."

For his part, commented Joseph said, "if it is true to the affected Lebanese banks, if income of $ 20 billion, according to information, the market will increase from bank deposits, and it did not happen."

http://www.aknews.com/ar/aknews/2/250835/

Iraq: delay the presentation of the draft law of oil and gas to the next week

The Office of the Deputy Prime Minister for Energy, Friday postponed for the Energy Commission to state a draft law of oil and gas of the Council of Ministers next week.

The director of the Office Faisal Abdullah, a Kurdish news agency (Rn) that "the Energy Commission government, headed by Deputy Prime Minister (Hussein al-Shahristani) has postponed a meeting of the Committee was scheduled to take place in order to end the draft law of oil and gas because of the visit of the Iranian delegation economic Iraq."

Arrived first deputy of Iranian President Mohammad Reza Rahimi to Baghdad on Wednesday at the head of an economic delegation of more of 100 businessmen to participate in the Economic Forum Iranian Iraqi. Abdullah added that "the meeting, which was supposed to take place on Friday has been postponed until next week, which will result in presenting the draft law of oil and gas to the Cabinet to display the discussion and then voting on it and send it to the Board of Representatives."

He explained that "the Cabinet is expected amendments to be undertaken by the Committee on the draft law of oil and gas during the next week to put on the agenda of meetings of the Council to vote on it and submit it to parliament for approval." and the failure of the House of Representatives Bdorth previous pass a law that oil and gas was expected to rise oil situation if approved. and plans to increase Iraq's oil exports during the next six years to 12 million barrels per day after obtaining the approval of the international oil cartel.

http://www.aknews.com/ar/aknews/2/250833/

The parliamentary committee to deny al-Shahristani, granting land to a Kuwaiti oil company

Responded to the Committee on Energy representative, Monday, to deny the Deputy Prime Minister for Energy, Hussain al-Shahristani on the granting of his ministry to the ground an estimated 280 thousand acres for an investment company oil Kuwaiti, explaining that she has evidence to give land to the Company of Kuwait.

A member of the Committee, Uday Awad's "agency Kurdistan News" , he has a formal letter issued by the Ministry of oil through the Southern Oil Company confirms grant nearly 280 thousand acres for the oil company Kuwaiti investment.

The Awad that Basra province addressed the Southern Oil Company to invest a piece of land between the field Saybah gas and industrial area Hamdan in the province of Basra, He pointed out that the Oil Ministry replied by the Southern Oil Company that this piece is one of the taboos of the gas field Sepah is granted to a Kuwaiti investment company.

http://ar.radionawa.com/Detail.aspx?id=10449&LinkID=197

Iraq: It is possible to discuss the extension of the survival of U.S. forces in Iraq under certain conditions

Spokesman for the Iraqi List led by Iyad Allawi, on Tuesday, he can discuss the extension of the survival of U.S. forces in Iraq until after the date of its withdrawal decision by the end of this year, but according to conditions.

According to Haidar al-Mulla, told the Kurdish news agency (Rn), that "the Iraqi List, refrain from remarks on the withdrawal or extension of stay of American troops on Iraqi soil until after the planned withdrawal by the end of this year so that the list is not a partner in the decisions of the government of Nouri al-Maliki for the security file," he said. "Ministry of Defence in the Maliki government is the share of Iraq but because of the lack of agreement on the candidate list for the top job, the decision to withdraw or extend the stay of American troops at the present time, however, Iraqi Prime Minister Nuri al-Maliki."

Al Mulla explained that "in the case of consulting the political parties of the Iraqi list on the withdrawal of or extend the stay of U.S. forces in Iraq, the Iraqi sees the need to work on forming a government of national partnership genuine and broad-based and the implementation of Erbil as well as the involvement of the Iraqi political decisions and security for the Government to declare the list to see about the withdrawal or extension of stay of American troops." and that "at a meeting of leaders of Iraqi political blocs have been agreed to hold the U.S. bilateral talks with the Sadrist movement to convince the current approval to extend the stay of U.S. troops in Iraq to train Iraqi forces and provide support to them when needed."

http://www.aknews.com/ar/aknews/4/251426/

Iraqi Electricity: Banking controls impede contracting with international companies

The Iraqi Ministry of Electricity Federal, Tuesday, that the banking controls impede contracting with international companies, which would require parliamentary legislation. said Musab teacher, told the Kurdish news agency (Rn) "The Ministry of the Federal Electricity facing the problem of banking transactions with the international companies, as the controls are required to provide letters of guarantee in government banks, raising fears of those companies."

He added that "the Ministry of Electricity was raised to the Cabinet is the need to facilitate banking procedures and the involvement of foreign banks approved and well known in the letters of guarantee."

He continued that "a large part of Iraqi banks can not provide financial guarantees to foreign companies because their capital below the letters of guarantee provided by foreign companies."

There are more than 23 foreign companies working to develop the system of electric power in the country. The Ministry of the Federal Electricity for it had agreed with the Iranian side on raise the level of electric power from Iran through the line "Krkh - Building" to 400 MW. ministry revealed the Federal Electricity earlier that the projects to set up gas stations designed to produce 7150 MW into the system in 2013. and demanded that the Ministry of Electricity Prime Minister Nuri al-Maliki during his visit to the ministry on February 8 last solve the problem of strict controls on contracting with foreign and local companies to install electric power stations, which caused delay in completion of projects.

According to experts, the country needs an emergency plan through the provision of small stations provide about 11 thousand volts, comes ready from the neighboring countries and the setting up this international companies interested in investment projects electrolysis. Iraq has suffered from a severe shortage of electric power, and continues to the national grid is unable to supply electricity to more than a few hours a day, and come interruptions repeated in power at the top of citizens' complaints.

http://www.aknews.com/ar/aknews/2/251450/

Talabani, Maliki discuss the general situation in Iraq

Search the Iraqi President Jalal Talabani, during his meeting with Prime Minister Nuri al-Maliki, a number of issues relating to the general situation in Iraq, and after the meeting in a press statement highlighted Talabani and Maliki light on what was discussed at the meeting. According to a statement issued by the Presidency of the Republic of Iraq.

The statement quoted the Iraqi presidency, which received the news agency Kurdistan (Rn) a copy of it today by President Jalal Talabani as saying that "the meeting held with Prime Minister Nuri al-Maliki stressed the relationship of historical and modern among us, and the consensus of opinion on the most important issues before the Iraqi arena."

He added, "quoted the owners understand his remarks about the federal well where he supported the federal as a constitutional principle, but his observations about how the application of the federal and the natural right of all citizens, let alone the Prime Minister, and also discussed other issues related to meetings held to resolve outstanding problems were our views are identical."

The statement quoted Prime Minister Nuri al-Maliki as saying that "the meeting held with Talabani, eating a lot of issues of strategic nature, and some detailed issues, but were important issues, we discussed the spirit that we discuss always strategic issues and issues detailed in a positive spirit." Maliki said he believed "we what we are suffering from something in the installation of quick points toward consensus to move together to resolve all the issues encountered in the process of political and security issues and the subject of meetings of the political blocs and the presence of U.S. troops on Iraqi soil and the issue of ministries, and reforms that we talked about earlier All issues were resource compatibility and agreement between me and the President of the Republic."

Prime Minister Nuri al-Maliki has warned the political parties in the country, during an interview last Thursday at a conference of tribal leaders in Baghdad governorate, of the consequences of trying to form another territory, explaining that the step like this will to secession and the outbreak of internal wars, and thus would be a threat to the unity of the land of Iraq.

The leaders of political blocs to a meeting on June 20 last at the home of Talabani, who attended the recent addition to Prime Minister Nuri al-Maliki and representatives of political blocs and lose sight of the leader of the Iraqi List, Iyad Allawi and President of the Region Kurdistan, Massoud Barzani, the head of the National Alliance Ibrahim Jaafari.

The meeting concluded an agreement to end the escalation of the media between the political blocs, and the agreement to set a date for another meeting brings together leaders of political blocs. and formed the Iraqi government on the principle of national partnership, but the Supreme Council of the policies, which was hoped that headed by Allawi, did not see the light of day because of disagreements over its powers. are still differences of the political blocs on forming a list of the Policy Board, which was hoped to be headed by Iyad Allawi, before abandoning him to announce, as well as the security ministries that are still vacant due to differences on the names raised and with the near withdrawal of U.S. troops from the country at the end of this year.

http://www.aknews.com/ar/aknews/4/251442/