Thread: Iraqi/Dinar news until March 1st, 2007

The Presidency ratified the amendment to the Income Tax Law
- 25/02/2007

Council ratified the presidency of the republic to re-work Balvs for the seventh and 20th of the Income Tax Act and assigned a guardian of the House of Representatives, and that's Assembly at its meeting held on February 22, 2007.
And following is the text of the law :
The name of the people
The Presidency
Decision No. (10)

Based on the approved by the House of Representatives in accordance with the provisions of article e (61 / I) of the Constitution, based on the provisions of A. Qarah (V / a) of article one hundred eight and thirty M. n Constitution.

Council decided the presidency Assembly at its meeting on February 22 / 2 007

Passage of the law follows :

No. (10) of 2007
Law amending the Income Tax Act (No. 113) of 1982

Article (1) : re-Action Chapter VII century and the text of article the fifth session of the Income Tax Act (No. 113) Les costing 1982.
Article (2) : The provisions of Article V of the Act and the fiftieth p Lee proceedings on the coming into force of this law, which did not the ruling is issued.
Article (3) : cancels Law No. (10) of the 2003 Amendment Act S44 n income tax (No. 113) of 1982.
Article (4) : this law implemented from the date of its publication in the official gazette e.
Tariq Al-Hashmi
Adel Abdel Mahdi
Jalal Talabani

Vice-President of the Republic Vice-President of the Republic President of the Republic "



Reasons
For the purpose of the cancellation of Law No. (10) of 2003, law amending the Income Tax Act (No. 113) of 198 2, and opposed to the provisions of Law No. (17) of 2005 (Kan Wen cancellation of the legal texts that prevent the courts from S. flashing cases) and the existence of roads stabbed in the income tax law No. (113) for 1982 and the fact that the tax laws are Khsu the dead are supposed to be considered experienced and Alakhtasse Aass, initiated this law.

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The Union of Arab Banks intends to open an office in Baghdad to train the Iraqi bankers
Sunday, February 25, 2007

Iraqi national-Luna / Office of Jordan / The Secretary of the Union of Arab Banks, Dr. Fuad Chak t he presented to the Iraqi government to open an office Lalla Thad in Baghdad to train Iraqi bankers.

The new in the statements on the sidelines of the peace conference e bank in Amman that the "Iraqi government the opening of an office of the Union for financial receivables meter Tepa and up to one million dollars, " bankers adding that the training of Iraqis outside the country to T. high financial cost and we are ready to be trained Lico NOAA trainers in the country.

The assets of Arab banks hit by the Secretary-General of the Federation Arab banks to the trillion, one hundred billion dollars P Lima total deposits to 860 billion dollars.

Includes Union, which is based in Beirut, 320 Foundation Arab bank.
M Y ended

D.G. of Foreign Exchange Control

The 871 daily currency auction was held in the Central Bank of Iraq day Monday 2007/ 2/ 26 so the results were as follows :

Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1282 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 45.050.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 45.050.000 -----
Total offers for selling (US $) ----- -----

CBI has updated...no change in exchange rate

you are fast

Originally Posted by Mike5200

Iraqi Ministry Casts Doubt on Oil Law
2 hrs 7 ago Iraqi Ministry Casts Doubt on Oil Law
1 day ago Kurdish Officials to Back Iraq Oil Law
28 days ago Iraqis: Oil Law Won't Favor Americans

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By BUSHRA JUHI, The Associated Press
Feb 25, 2007 2:35 PM (2 hrs 7 mins ago)
Current rank: # 807 of 18,899 articles

BAGHDAD, Iraq - The Oil Ministry cast doubt Sunday on statements indicating the Kurds had agreed to support a draft oil law that would divide revenues among all Iraqi factions and meet a key U.S. benchmark in Iraq.


Prime Minister Nouri al-Maliki's government had promised to enact a new oil law by the end of 2006 but missed the deadline due to objections from the Kurds. Many of Iraq's vast oil reserves can be found in the Kurdish north and the Shiite south, and the Kurds wanted a greater role in awarding contracts and administering the revenues.

Massoud Barzani, president of the self-governing Kurdish administration in the north, said Saturday that he and President Jalal Talabani, a Kurd, had discussed the latest draft law by telephone with al-Maliki and "the results were good."

Barzani made the comments in a joint press conference with Talabani after a meeting with U.S. Ambassador Zalmay Khalilzad in the northern Kurdish city of Sulaimaniyah.

"We reached a final agreement," Barzani said, without elaborating. "We accept the draft."

An Oil Ministry spokesman, however, stressed that the draft law still needed to be discussed at the Cabinet level.

"Today, we got confirmation that Barzani said that they support the draft law but he mentioned nothing about agreeing to it," ministry spokesman Assem Jihad said. "The discussions and the negotiations are still ongoing."

It was unclear if Barzani was saying he supported the idea of a law or the draft as currently worded. Kurdish officials could not be reached for clarification.

Secretary of State Condoleezza Rice said she had stressed the importance of making rapid progress on the oil law with Iraqi leaders when she was in Baghdad last week. But she said she recognized the difficulty of the task.

"The oil law is not just an oil law. It's a law about dividing the resources of the country and therefore maintaining the unity of Iraq. So it's not easy," she said on "Fox News Sunday."

Once the Cabinet signs off, the measure goes to parliament for final approval once the legislators return from a recess early next month.

The Bush administration, facing growing pressure to end the Iraq conflict, has been urging the Iraqis to finish the new oil law.

A new law is needed, most outside experts believe, to encourage international companies to pour billions of dollars into Iraq to repair pipelines, upgrade wells, develop new fields and begin to exploit the country's petroleum reserves, estimated at about 115 billion barrels.

Gooooooooooooooooood Morning Sybil. Nice to see you are still flip floppin, still in SNAFU mode.... Full steam ahead.

Report: 3 Gulf states agree to IAF overflights en route to Iran
By Yoav Stern and Yossi Melman, Haaretz Correspondents

Three Arab states in the Persian Gulf would be willing to allow the Israel Air force to enter their airspace in order to reach Iran in case of an attack on its nuclear facilities, the Kuwaiti newspaper Al-Siyasa reported on Sunday.

According to the report, a diplomat from one of the gulf states visiting Washington on Saturday said the three states, Qatar, Oman and the United Arab Emirates, have told the United States that they would not object to Israel using their airspace, despite their fear of an Iranian response.

Al-Siyasa further reported that NATO leaders are urging Turkey to open its airspace for an Attack on Iran as well and to also open its airports and borders in case of a ground attack.

According to a British diplomat who spoke to an Al-Siyasa correspondent, Turkey will not repeat the mistake it made in 2003, when it refused to open its airspace to U.S. Air Force overflights en route to attacking Iraq.

British newspaper The Daily Telegraph reported Saturday that Israel is negotiating with the U.S. over permission for an "air corridor" over Iraq, should an attack on Iran's nuclear facilities become necessary.

Deputy Defense Minister Ephraim Sneh on Saturday denied the reports and said Israel has no such plans.

Report: 3 Gulf states agree to IAF overflights en route to Iran - Haaretz - Israel News

Sulaymaniya-Talabani

Voices of Iraq / Sulaymaniyah
Posted by nakr2004 on Feb 26, 2007 - 10:21 AM
--------------------------------------------------------------------------------

Sulaymaniya-Talabani
Talabani's health condition stable – source
By Rahman Gharib
Sulaymaniya, Feb 26, (VOI) – Iraqi President Jalal Talabani's health condition is "stable and should cause no concern at all" after he was moved to the Jordanian capital Amman on Sunday for treatment from an indisposition, an informed source in Sulaymaniya province, 550 km north of Baghdad, said on Monday.

Sulaymaniya-Talabani
Talabani's health condition stable – source
By Rahman Gharib
Sulaymaniya, Feb 26, (VOI) – Iraqi President Jalal Talabani's health condition is "stable and should cause no concern at all" after he was moved to the Jordanian capital Amman on Sunday for treatment from an indisposition, an informed source in Sulaymaniya province, 550 km north of Baghdad, said on Monday.
"The president's condition is normal and his vital body organs are functioning well," according to a presidential statement received by the independent news agency Voices of Iraq (VOI).
The source explained that the president had an indisposition on Sunday evening due to high blood pressure and did not want to go to Jordan but his personal physicians advised him to have some necessary medical examinations.
Talabani had arrived in Amman on Sunday and was admitted into al-Hussein Medical City, where he had a checkup, which revealed that his condition was normal and stable.
The diagnosis held that Talabani suffered fatigue and dehydration during the past few days.
The Jordanian news agency Petra shad aid in an urgent news report on Sunday that the Iraqi president arrived in Amman for medical checkup in al-Hussein Medical City, adding King Abdullah II of Jordan instructed the royal medical teams to offer the best medical service possible for President Talabani until he is totally recovered.
AE

Kurds edge closer to backing crucial Iraq oil law
Mon Feb 26, 2007 1:53 AM ET



By Ahmed Rasheed

BAGHDAD (Reuters) - An oil law crucial to resolving political divisions in Iraq edged closer to approval after Kurds said some key issues were resolved, officials said on Sunday.

Passing an oil law to help settle potentially explosive disputes among Iraq's ethnic and sectarian communities over the division of oil reserves has been a key demand of the United States in providing further military support to the government.

Officials are in last ditch talks to finalize a draft law that sets rules for sharing the wealth from the world's third largest oil reserves.

Agreement was nearly reached last month but leaders in the largely autonomous Kurdish region in northern Iraq demurred, saying they still had concerns about relations between regions and Baghdad.

A top aide to Kurdish regional president Masoud Barzani said on Sunday letters had been exchanged between the two sides in recent weeks and solutions found to some problems.

"Some of the issues in debate between the Kurdish regional government and the federal government in Baghdad were solved recently," Fauad Hussain, head of the presidency board in Kurdistan, told Reuters on Sunday.

"The Kurdish regional government approved the submission of the oil draft law to parliament..." Hussain said.

But he added: "The whole issue is still under discussions and it's only a draft law."

STILL UNDER DISCUSSION

"The Kurds agreed on the key points which clarify the annexes of the oil law and the issue of the way that regions can manage oil resources all over the country, including the Kurdish region," he said.

Barzani met Iraqi President Jalal Talabani, who is also a Kurd, and U.S. Ambassador Zalmay Khalilzad on Saturday.

"We agreed on the draft of the law but still there are some articles under debate with the central government," Barzani said at a joint news conference with Talabani.

Talabani said the key issue discussed at their meeting was the oil law and they had come "close to final approval".

U.S. embassy spokesman John Roberts welcomed the comments by the two Kurdish leaders as indicating "good progress".

"This is an encouraging development," he said. "It represents a move forward in terms of the negotiation process and we welcome any movement toward agreement."

A government source with close knowledge of the oil law debate, who spoke on condition of anonymity because he was not authorized to speak to the media, said no final agreement was reached on the draft when the cabinet last met on February 22.

"Discussions in the cabinet on the oil draft haven't reached a compromise and the key conflicting issue of the regions having authority to approve deals with foreign companies is still in debate," the source said.

The source said the cabinet would meet on Wednesday for further discussions on the law. Once it is approved by the cabinet, the law will go to parliament.

The Iraqi oil ministry had no comment on whether the Kurds had approved the draft oil law.

The Kurdish government has had reservations on the wording regarding the powers of a federal council, to be established under the law, which will set the oil policy and lay down ground rules for contracts signed with foreign firms.

Officials from Kurdistan, where relative security has encouraged more development than elsewhere in Iraq, have said they want assurances the federal council will not invalidate their existing contracts, including with Norway's DNO.

Baghdad bans street parking
7 Hour,21 minutes Ago




Baghdad: Baghdad motorists were banned yesterday from parking on any of the war-torn Iraqi capital’s main streets in order to prevent car bombs and free up the movement of military forces.



Baghdad Operation Command, which is overseeing a major security sweep by Iraqi and US forces to quell sectarian violence in the capital, warned in a statement that those ignoring the law will have their cars confiscated. They also face prosecution under anti-terrorism laws.

“For the sake of preventing terrorists from carrying out criminal acts in markets and important public areas, and to facilitate the movement of forces... we warn citizens that it is completely forbidden to park a car in all main streets of Baghdad,” the statement said.

Economic inflation in Iraq




د.D. وزانAhmed Al-Wazzan
قولEconomic theory indicates that there were two said to n the economic inflation in the economy country-any country -. the first interpretation : what is known is the theory of inflation and attracting demand briefly that exceeds the total demand effective supply Els Lay, which makes the total of aggregate demand effective tool to attract the general level of prices to rise, It is axiomatic to say




بان حجم هذه ا.That size of the gap between aggregate demand or supply of the commodity holistic is a controlled the extent to which the Alasa TR rise. the second interpretation : It is linked to what is known as the theory of inflation to pay cost 5.97 Asch to increase production costs and prices paid about the rise such as high wages of workers unions uncle to support this direction or that the rise in the prices of inputs only the product of the faculty. This, in turn, forced producers to raise the prices of their products to maintain an acceptable profit margin, which is the goal Wallace Lacey for the exercise of economic activity in most cases Might j according to rational behavior approved by the theory Alaghtassa friendly. At the current stage, which is witnessing a major shift of the Iraqi economy and the strong intervention of Anataka appearance j inclusiveness in the economic direction of the adoption of a mechanism the free market forces and the spontaneous creativity in the framework of the event e known in contemporary literature (creative chaos e or constructive), the rise in the general level Lalla In the frenzy of stability, or the increasing rate of the dinar Ar Christians about the other foreign currencies (which is the only Rumors importance) is acceptable (but within the framework of the border with spots can be controlled and the range of time-predictable ). In this introduction to say that a rise in the level for the current prices in the Iraqi economy is Artv ray and the reasons behind it is the first rise in the prices of some Anas R. production, including fuel prices and falling W t commissioned the production of goods, whether as a result of the use of fuel in a the process of production directly or indirectly, from the neighborhood Th they affect the cost of transportation of goods and services, which reflected h events in the high level of prices of goods and services report e to the public and therefore comes within the framework of the theory of inflation to pay for you lap, The second is the high income levels of ozone Hello the average was born to attract strong prices due to higher exceeded the volume of demand for certain goods and services and the volume of supply ICA in the market (without neglecting the flow volume of a commodity the senior from abroad because of the state of economic openness T-going Iraqi economy and the spirit of competition T. attracting price drop) and the time that Lid j consumer public, the others complain about high fuel prices (Ja Hla or ignoring what this matter of objective justification T. conditions imposed economic openness) and the right to raise the scale TR fuel behind a number of reasons and factors Amegbu and it catches up with useful experience and scientific knowledge , but to raise the prices of fuel and the pricing of public services, or other measures required by the economy, a shift towards the market would have cost to the extent a short - or medium-called (the cost of the initial shock) resulting from the application programs except according loomed economic prescriptions of the IMF Crown and the International Bank for Reconstruction and Development, and many laymen and sometimes even from the elites who are not adequate knowledge of the nature of the reform programs ignore the pain Zaya great for the fact that these programs do not reap the fruit only in the long relatively long time they deal with imbalances the structure sustained suffered and still suffers economy Iraqi. and it can count the issue of high-level pw Or the prices of the current issues in Iraq accepted The routine associated with the above, as long as the those factors were still under the control of decision-makers Alaghtasse Valley in the area of monetary and financial policies, as long as a n issue comes within the framework of expectation about it in advance under the conditions of the transition towards a market economy and which Lezhi d is easy aware that the security conditions prior to me costing contribute to the formation and the creation of the emergency played a role in raising the the overall level of prices and once they disappear temporarily va n this part of the rise in prices disappear demise Tel k emergency conditions. and it can be recognized (from the point of pw R. economic and scientific) that the current rise in the level the general price in Iraq is not a strange phenomenon or x Roga out of the ordinary, In spite of the optimism that vision but that does not mean p blood and a severe negative impacts on poor groups Wa for low-income Anya, as does not mean the absence of positive impacts in Althvi g to increase the supply of commodity, which will subsequently reduce the the general level of prices by what.

Translated version of http://www.alsabaah.com/