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

Economists dissipate the fears of ordinary handling of your ATM

dashed economists fear the citizen from doing business evolving with the ATM, which began to be adopted by some banks, calling for educating the community through the media to keep up with the era of technological development witnessed by the world.

The economist said contrary goldsmith that the ATM is part of the culture and development that the world is witnessing now, pointing to the role of the media effective to educate the community in this direction.

He explained that there are several factors helped in the reluctance of citizens on this machine, including the security situation and cases of embezzlement, theft experienced by Iraqi banks from time to time. He added that our banks in the case of restructuring itself according to the rules of modern and enter into partnerships with banks with good reputation, if an ATM in banks, non-integrated, how we ask the owners of shops and restaurants that use this device. For his part, head of the gathering Industrial Abdel Hassan Shammari that culture plays an important role in this subject, pointing out that citizens are wary of any state of development they have undergone since their culture is limited.

Al-Shammari said: We need to spread culture and new awareness in the community, and the more the development of science must pump the information through the satellite.
The head of the gathering of the Iraqi industrial: we have satellite channels are many and there is no satellite channel specialized economy defines the citizen as being of the development in the world.

It is noteworthy that the development witnessed by the world covering all areas of life all, and human nature wants innovation and the development of what will benefit him, and the best evidence for this development is the ATM, which used in financial and trade institutions.

urged the President of the Union men of the Iraq Hamid punitive to the need to use the ATM in the official circles of the ministries as a circle of taxes and souls, banks, praising the experience of pensions, which helped to overcome many of the issues of administrative and financial corruption in the banks.

The punitive If the state continues without (Visa Card) and (smart card) Vsisthari administrative corruption in all aspects of the state. He explained that the citizen will deal with the modern equipment available when it finds by the state if the citizen to understand and use its advantages will lead to the circulation even at the level of the private sector.

http://www.almustakbalpaper.net/Arti...w.aspx?ID=5729

Oil conference in London: a high-quality raw Iraq and the least expensive in the world

source said earlier that the conference of Iraqi oil the fifth to be held in London, his work and the support of the Crescent Petroleum stressed that Iraqi oil is the best in the world in terms of quality and low cost production in the world.

The source said that the conference saw a gathering of pointing to a group of senior officials and executives in the oil and gas industry in the region, including Majid Hamid Jafar, Executive Chairman of the company and focused sessions on the next phase of development of oil and gas resources in Iraq and the current opportunities and future in the exploration and production. In a lecture entitled "The potential of Iraqi oil and the policy challenges ahead," said CEO of Crescent Petroleum, the world needs to additional quantities of oil equivalent to the entire production of Saudi Arabia (9 million barrels per day) every 5 to 7 years, according to the most conservative estimates about the growth in demand, adding that Iraq may be the last sources of oil is untapped and high potential and the cost of low production in the world.

In a speech during the opening session of the conference, addressed Jafar strategy of exploration and production of new government, saying that in view of the future, the challenge lies in expanding revenues reservoir's vast oil in Iraq, and the exploitation of this wealth in the form of responsible for achieving economic diversification and prosperity for the Iraqi people fully.

participated Jafar in the hearing, held under the chairmanship of the advisers in the Prime Minister Thamer Ghadban, the President of the Finance Committee in parliament, Haider al-Abadi, and Counselor for Economic Affairs at the U.S. Embassy in Baghdad, Kenneth Fairfax, vice president of Shell Hans Nejkamb , and chairman of Shell, Iraq.

http://www.almustakbalpaper.net/Arti...w.aspx?ID=5721

Iraq May Not Use Full Oil Capacity

Iraq is planning to produce 12 million barrels of crude oil per day (bpd) by the year 2017, through contracts signed with the world’s largest oil and energy companies, Iraq’s Deputy Prime-Minister, in charge of Energy Affairs said on Saturday.

According to Aswat al-Iraq, Hussein al-Shahristani said in a speech he delivered at the 3rd Iraqi Ambassadors Conference in Baghdad:

“Everybody knows the significance of Iraq’s oil for the whole world and its importance to build and develop the Iraqi economy, along with raising the living standards of Iraqi citizens.“

He said that Iraq had signed contracts with three leading international companies to develop its oil fields in the south, center and the north, and they are making progress, with a hope that Iraq’s oil production would increase to 12 million bpd by the year 2017.

“This does not necessarily mean that Iraq would produce such a large quantity of crude oil, because the Iraqi strategy depends on boosting revenues and not only increasing oil exports alone; so we shall watch the market and the level of the quantities of crude Iraq will produce, and then we shall decide Iraq’s highest level of revenues during the forthcoming years,” Shahristani said.

Bloomberg quotes Oil Ministry spokesman Asim Jihad as saying, “the planned production capacity is 12 million barrels a day, but we may only produce 6 million barrels a day. Iraq will produce in accordance with global crude market needs.”

http://www.iraq-businessnews.com/201...-oil-capacity/

Iraq to Trim Bloated Cabinet

Premier Nouri Al-Maliki announced on Sunday that the number of ministries has become a real burden on the work of the state.

“This fact appeared after the 100-day period”, he said in a letter sent to parliament.
Al-Maliki proposed a two-stage procedure, the first of which will see 29 ministries retained.

“So, as a result, we submitted a proposal to trim the government and increase the activities of the ministries, by canceling honorary posts, and combining or making changes in their leading personnel.”

Aswat al-Iraq reports that the first stage will see the cancelation of all posts of ministers of state, except parliament, provinces and women ministries, provided that the parliament will take the necessary measures to create a women’s ministry.

The second stage will be a sort of combination of ministries or cancellation.

Maliki proposed that the following ministries will be retained: defence, interior, foreign affairs, finance planning, oil, transport, justice, electricity, industry, agriculture, trade, municipalities, works and social affairs, construction, higher education, communications, education, health, culture, youth, technology and sciences, environment, water resources, immigration, human rights, womens affairs, provinces and parliamentary affairs.

http://www.iraq-businessnews.com/201...oated-cabinet/

Al-Dabbagh: Iraq can handle its security alone, America, we need to train only

The spokesman for the Iraqi government, Tuesday, that the Iraqi security forces are able to handle security alone, while confirming that Iraq needs U.S. forces to train its forces only.

Government spokesman Ali al-Dabbagh, who is accompanying Prime Minister Nuri al-Maliki in his current visit to China, said that "the size of the Iraqi forces arrived so good we can with the control of the security file and internal threats," stressing that "the threat posed by terrorist groups and militias is no longer as it was before, and therefore we can manage the security file without the need for foreign troops."

Dabbagh said that "the policy of using terror sleeper cells, but is no longer a force threatening the security and social peace in Iraq, and we can through our national basis to deal with it efficiently."

Dabbagh said in the same time that Iraq needs U.S. troops in training security forces, air and sea only, "but the combat forces should be an Iraqi and the Iraqi mission."

Scheduled to withdraw U.S. troops late this year according to the security agreement concluded between the U.S. and the Iraqi government in 2008, calls the political blocs to call the commander of the armed forces to the parliament to determine the possibility of the readiness of Iraqi forces or not, but that the coalition of Kurdish blocs announcing the intention forces to remain because of the security conditions and political conditions of the country, at the time rejected the damaged national extension of these forces.

http://www.shafaaq.com/sh2/news/iraq...-11-14-27.html

CBI: core inflation rises to 6.4% in June

Official said Iraq's central bank said on Tuesday that annual inflation rate of the basic of Iraq has risen to 6.4 percent in June from 6.3 percent in May, driven by the costs of housing and electricity. The appearance of Qasim senior adviser to the bank, told Reuters that inflation is under control and that the central bank did not consider taking measures to curb increase.

http://www.iraqdirectory.com/Display....aspx?id=16319

Committee on Oil and Gas: There are other parties trying to hide the arrival of important information for the oil sector, the Commission

Deputy of the Commission on oil and energy in the House of Representatives on Tuesday that some bodies unnamed trying to hide important information concerning the oil sector in order to not be able to the Commission on oil and energy parliamentary performance of duty surveillance.

He said Alliance MP Bahaa Gamal El-Din Member of the Commission on oil and gas on the mass of virtue that "the Commission on oil and energy I heard the same case and the media about theft of maps of oil fields, not arrive anything detailed bodies and institutions of Iraq's oil, and there are other parties trying to prevent the arrival of any information concerning the oil sector in order to not be able to the Commission on oil and energy Parliament to perform its duty surveillance.. "

and by a member of the Commission on oil and energy regret what is happening from the lack of cooperation between the parliamentary, governmental, saying that "the thing is unfortunate that suffer the lack of cooperation between the regulatory bodies like the parliament and government institutions, as a lot of information hidden from Congress of the oil and energy."

He added that hide important information about the Committee may affect and reflect negatively on the performance of government institutions as institutions of legislative and governmental work group work consensual solidarity.

He Bahauddin that many things of interest to oil firms concealed from the Commission on oil and gas in the House of Representatives and the blackout so we can not perform our duty to serve as the oversight of oil and energy.

http://www.baghdadiabian.com/news.ph...n=view&id=7849

CBI's figure higher on Tuesday

The Central Bank of Iraq (CBI) has sold US$198 million in its auction for selling and buying foreign currencies on Tuesday, on the basis of 1,170 dinars per dollar, recording a higher figure than Monday’s auction during which 135 million dollars were sold, according to the CBI’s daily bulletin.

“The total size of the demand for the U.S. dollar had reached 198,139,000 dollars, covered by the CBI on basis of 1,170 dinars per dollar,” the bulletin, as was received by Aswat al-Iraq news agency reported.

It stressed that the CBI’s cash sales in the auction had reached 190, 939,000 dollars, on the basis of an exchange rate of 1,183 dinars per dollar and the CBI’s interest rate of 13 dinars per dollar.

“None of the 20 banks that attended the session offered to sell dollars during Tuesday’s auction,” it added.

http://en.aswataliraq.info/Default1....&id=143843&l=1

Specialists: The private sector is able to absorb unemployment

Continue to train job search career through many stages, to find the best ways to contain this problem, which became a concern among a broad range of human wealth owned by the country, and today the train stopped at the Conference to provide (100) thousand jobs through the advancement of the private sector, which recommended that the rehabilitation projects, the private sector and raise the proportion of production and serve the local economy, through the approval of the Council of Ministers on speculation the required financial and adult (500) million from the abundance of cash for the difference in oil prices, as well as setting up a fund to enable the private sector and job creation and extension of the amount allocated for the initiative to support the allocation of the private sector and what the positives of the Iraqi economy.

Deputy Prime Minister Saleh al-Mutlaq told the (morning) on the sidelines of the conference: that the Iraqi economy suffers many problems, due to suspension of private sector projects for work and production, and in this conference are working to activate the mechanisms of the private sector, pointing out that the reform of the economic sectors need to study and research translate into new laws to activate all the fields of economy, as well as the need to search for qualified Iraqi immigrant and returned to its proper place within the country, after working on building an economic model can accommodate the development of private and public sector, adding that the policy of economic inclusion, adopted by the previous government led to the decline in all economic sectors, and missed production, competition and disrupted more than 192 producer of the public sector, had been working alongside the private sector and contain a large number of manpower.

Mutlaq said that the next stage requires the need for simultaneous implementation of rehabilitation programs for industrial projects the Government's commitment the implementation of a law customs tariff and issue instructions to implement the consumer protection law and the law to protect the domestic product and the application of quality standards and the standardization and control of imported goods and issuing instructions exemption of tax and customs duties for projects included support in the initiative for five years and extended another five years for projects that prove successful in the sustainability of production, either Consultant Prime Minister for Economic Affairs Dr. Abdul Hussein Al-Anbuge confirmed that the cause of the negligence of the local economy was that extinction rates greater than the total capital and the economic reform program need, and must look to the government to direct spending, and the government on the private sector that is effectively a decision confused and weak, indicating that the the world's democracies make it the most prominent private-sector oriented to the economy of the country, pointing out that the public sector works to displace the private sector through the facilities of what it finds in the joints of the task, either the Minister of State for Women's Affairs Dr. Ibtihal Kassid have told the (morning), the Ministry of women's empowerment and the reality of women's economic and file processing poverty through the support shall be provided to projects involving women's work and begin the process of production within the Achtsasn, as we work on activating the role of women in economic life.

She to the existence of coordination with the Ministries of Labour, Social Affairs and of Agriculture to receive women in obtaining loans for the completion of productive projects. Meanwhile, a head assembly of the Iraqi industrial Hassan Shammari said talk of activating the reality of industries in Iraq, must be accompanied by activating the law of customs tariff, which will serve to transform the race of the importer to the exporter, in addition to the importance of working to find legislation that regulates the reality of the micro-management and economic feasibility of adopting this view, pointing to the existence of (17) thousand plant is shut down work.

http://www.alsabaah.com/ArticleShow.aspx?ID=10667

Iraq’s ministerial reduction moves forward

Iraq’s ministerial council entered an important stage after Prime Minister Nuri Al Maliki sent a letter to Parliament including a proposal to cancel all state ministries in exception for three ministries namely the State Ministry for Parliament affairs, the provinces ministry and woman ministry, a source told Alsumaria.

Iraqi Speaker met with heads of parliamentary parties and committees and discussed governmental recommendations. The proposal was approved in principle.

This approval does not mean a final approval on Maliki’s letter since Al Iraqiya has conditions to set over the ministerial reduction mechanism

http://www.alsumaria.tv/en/Iraq-News...s-forward.html