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

Iraq develop a program to improve the performance of officials and the development of decision-making
Source : Dar Al-Hayat-02 / 03 / 2007

The <Iraqi Center for Economic Reform> simulation program is the first of its kind in the region, to improve the efficiency and performance of officials in the sectors public, private and international development and decision-making they have to study the direct and indirect effects of decisions taken by officials from the ministers and members in Parliament, and company owners.

The program, which will start work in Erbil next week and will continue for five days, a theory includes lectures on conflict resolution The way of dealing with conflicts art of negotiation. As well as the practical aspect includes training in the art of management of public and private institutions, international and civil society organizations.

The head of the Center Leith Rafie Hadi that the program <provides insight and understanding of the nature of the work, and challenges faced by various sectors, what helps to ease interaction with them positively, as well as providing a great opportunity for officials who had not had the opportunity to exercise the role of leading to know the role before going into the real experience>. He pointed out that the program <characterized specificity brings more than knowledge and competence, and the Co know how the interdependence between the sectors State and helps to take the right decisions and discovered through experience different alternatives>.

He said : <assumes the existence of the State is similar to the current circumstances in Iraq, and still suffered from devastating conflicts (internal and external), and the melting and parties it rigid positions, intolerant, as well as the broad sense of insecurity and confidence in the organs of the state and the negative impact that has on the living conditions The infrastructure and the education and health system.

As economic activity seriously deteriorated again after their natural sources of waste and smuggling, and leave thousands of citizens outside the country's borders, and went the unemployment to a level nearly 60%. It also represents administrative corruption and disobedience and lack of confidence in the government's management problems in the administration of the State President, in the face of all these negatives the difficulties and seeking international bodies and donor countries to support the reconstruction and advancement of the state>.

Bank <Assyria> Bank opens two branches in Iraqi Kurdistan
Source : Dar Al-Hayat-02 / 03 / 2007

The depositary Hanzl board chairman of the International Bank of Assyria <life>, the Kurdistan region, which is considered a promising market for the active investment sectors can restore an important part of the national capital that left Iraq during the past two years because of the security situation crumbling, pointing out that the Kurdistan region is a point of attraction and an extension of the neighboring markets of the task, because he has a good stable security with incentives conducive to investment.

The Hanzl, who returned from a visit to the territory during the opening two branches of the Bank for International Assyria in each of Erbil and Sulaymaniyah, the The Iraqi banking sector sees the presence in the Kurdistan region necessitated by the present stage where it is active in investment opportunities the province, prompting many Iraqi banks to open branches in the context of wide competition involving branches of Arab banks and many foreign there.

He added that about 10 Iraqi banks civil consultations were held in the capital of the province of Arbil this week, discussed ways to employ capital funds amounting to a combined 500 billion Iraqi dinars, in the areas of investment in the province, which is witnessing a growth in the sectors different.

The confidence in the future of investment in the province, with the support of the laws adopted there, which provide a good atmosphere for that. He explained that the region is very important as an extension of the extensive relations with the neighboring countries, especially Turkey, which is considered to Iraq expressed about Europe and the world.

He expected that the number of bank branches Iraqi civil, in the next two years, 50 branches in the province, indicates a desire the growing sector in the development of its activities there in a way that promotes competition banking and access to investment opportunities available.

Hanzl pointed out that the difficulties afflicting the sector in Baghdad and other provinces due to the absence of security, with hundreds of reporters businessmen to stay outside Iraq, which is an exceptional case and foretell the future transformation task inescapable sector at the level of his players the development of the Iraqi economy.

Justice / follow-up is expected to open the oil bill approved by the Iraqi government yesterday, the door to the flow of investments foreign awaiting ".The opportunity to enter the Iraqi oil sector, which possesses one of the largest world reserves, the official said that he had been referring to the law the deputies discussed at length during the next month, and then ratification and approval to allow the government to start inviting international companies to proceed to enter competitions to win the contracts of investment in oil and gas. at the same, Minister of Oil Hussein Shahrastani that the oil and gas will open the doors to ministry to hold rounds of negotiations, and invite qualified companies to submit their offers, and Shahrastani said in a press statement that the ministry would not adopted in its contract with companies on the nationality and background, but on the ability to develop oil fields according to models developed by the ministry, He added : "We are keen that the giant oil fields and the giant hands of the very Iraqis, and that the ministry will be beneficial in under the contracts, according free competition among companies. " .Statistics show that the Ministry of Oil of Iraq's oil fields and discovered the list and waiting for investment since the 1970s, 1980s, capabilities self mostly south of the country, notably West Qurnah field and crazy and rivers, Omar and the Rafidain and flying the boundary and Allhes and Albozorkan and east of Baghdad and the Al-Ahdab Nasiriyah, Artawi and many others. According to oil experts to Iraq, the oil sector needs to be more than 30 billion dollars for the rehabilitation of facilities oil refineries and production lines and export which has been severely damaged by the devastating wars that Iraq waged in the era of the late President Saddam Hussein, as well as the limitations and the number of them. experts believe that pave the way for international companies to invest in Iraq, especially the areas of exploration and development the fields of production, drilling and building the ranks of the new refinery and rehabilitation of ports for export, will enable the country according to the attributes of the vast reserves of rates increase crude oil production to about eight million barrels a day, the future of some two million currently.
ÌÑíÏÉ ÇáÚÏÇáÉ ÇáÚÑÇÞíÉ - ÞÇäæä ÇáäÝØ ÇáÚÑÇÞí íÝÊÍ ÇáÈÇÈ ááÇÓÊËãÇÑÇÊ ÇáÃÞÊÕÇÏíÉ

The Cabinet decided to ratify the Convention on debt reduction with the Paris Club

Greenwich Mean Time)

.The government spokesman on Skinner that the cabinet held its regular session, and decided to ratify the Convention on debt reduction concluded with the Paris Club. .Skinner added in a press statement that the Council authorized the Minister of Finance to sign all the conventions executive of the Convention with the signing of the leave Conventions reduction and reorganization of the Iraqi debt with Switzerland, Germany and the write-off Iraq's debts with Romania
Radio Sawa - مجلس الوزراء يقرر المصادقة على ات�اقية تخ�يض الديون مع نادي باريس

Economic investment environment :
03.02.07
Economic window
Abbas Algalbi

After the approval of the investment law, the need is pressing for the creation of an optimal investment and appropriate for the national capital and foreign according to the national interests. It knowledge that Iraq is currently suffering from economic problems

Cumulative economic policies EgyptAir indiscriminate previous coincided these problems with the case of attrition physical and human result of the escalating violence and Mairafqaha other problems that eliminates the loss of basic services and the lack of financial resources of the Iraqi economy as well as the widespread phenomenon of unemployment and widening the range of poverty.

Therefore, the need is to find economic vision systematic and deliberate and drawn from the economic realities of economic Iraqi Perhaps activate the private sector and to encourage domestic and foreign investment stood at the forefront of important economic solutions, taking into account the opportunities and the safeguards available in the investment law.

Iraq possesses the elements of an wholesome to build a sound economy to having the third oil reserves in the world in addition to the existence of water resources and land fertile eligible for the active cultivation to a strong working more than seven million people, as disclosed by the reports of the Ministry of Planning as well as a large domestic market, in addition to the introductions of economic reforms must be liberated the Iraqi economy,

The result of the adoption overdependence on oil and drive towards diversifying its sources of funding, and most of these highlights Doralastthmar Dialectic and the creation of an optimal investment for investment the fruits of the economic effects on the level of construction, reconstruction and the creation of job opportunities and find additional sources of funding, if we take into account foreign investment, which is an important source of external financing for the activities and projects of economic and service in the countries in which they are held by the investment two types of foreign direct investment and the long-term, usually in the productive and service sectors of the economy such as industry, agriculture, tourism, communications, housing and electricity and foreign investment indirectly this is usually in the financial markets "stock" where possess foreign individuals and companies, shares and bonds traded in the securities markets, and therefore more appropriate for Iraq at the present time is foreign direct investment which benefits are external funding source for projects in the economic and service development policy framework in the country.

Translated version of http://www.alsabaah.com/paper.php?source=akbar&page=37

WHAT IS THIS?? I HAVE NEVER SEEN THAT AMOUNT BEFORE??

Bulletin buying and selling rates of the Iraqi dinar unsupported
سعر الشراءThe purchase price سعر البيعThe sale price العملةCurrency
2 79.3602 79.360 1 12 8 0.00012 8 0.000 الدولار الأمريكي $Dollar $
1692 .1692. 593593 1 6 93 .1 6 93. 440440 اليورو الأوروبي €We EURO
المصدر: البنك المركزي العراقيSource : Central Bank of Iraq

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

dated yesterday, but where did they get that figure? it's easier to read on the site btw, the paste made the format all jumbled.

never mind, i think maybe they just forgot to put a 1 in front of the 2

For anyone trailing here regarding the Dinars....

I have created a new sticky thread titled: Are Rumbling Rumors Right in ROLClub???

Please post if you feel the urge or need to, all your hunches and hints aka "rumors", to this new room made just for it.

The other controversial thread will be closed.

Click here to get there

YB. -

Japanese sought to invest in the field of Saybah
بغداد - طارق الاعرجيBaghdad-Tariq Al-Araji
انجزت الملاكات الفنية والهندسية في شركة نفط الجنوب بمساندة احدى الشركات الاميركية عمليات نصب(12) عدادا متطوراً لقياس كميات النفوط العراقية المصدرة عبر ميناء البصرة من اصل(24) عداداً فيما يسعى الجانب الياباني الى استثمار حقل السيبة النفطي في مدينة البصرة.Completed technical and engineering capabilities of the South Oil Company in support of one of the American companies fraud (12) advanced meters to measure quantities of recycled Iraqi exports through the port of Basra out of the (24) meters on the Japanese side seeks to invest in the oil field Saybah city of Basra.


وقال مصدر مسؤول في وزارة النفط لـ(الصباح): ان الملاكات الفنية في الوزارة انجزت عمليات نصب (12) عدادا من اصل 24 عدادا سيتم نصبها على ميناء البصرة العميق وفق احدث التقنيات العالمية منوها بأنه من المؤمل ان يتم انجاز هذا المشروع بشكل نهائي بحلول شهر نيسان المقبل.An official source at the Oil Ministry told (morning) : the size of the ministry's technical completed fraud (12) meters of the 24 meters will be installed on the port of Basra deep according to a recent tech noting that it is hoped that the project is fully completed by the final month of next April.
واضاف ان انجاز هذا المشروع سيسهم في ضبط كميات النفط الخام العراقي المصدر بشكل دقيق ووفق المعايير العالمية.He added that the completion of this project will contribute to the seizure of Iraqi crude oil exporter accurately according to the international standards.
من جهة اخرى أكد المصدر أن اليابان تسعى خلال الفترة القليلة المقبلة لاستثمار حقل السيبة الواقع في محافظة البصرة للنهوض بطاقته الانتاجية من النفط الخام وعلى اساس استغلال المنحة اليابانية المقدمة لتطوير القطاع النفطي في الجنوب.On the other hand, the source said Japan sought during the few coming to invest in the field of Saybah reality in the province of Basra for the Advancement of productive capacity of crude oil, based on the exploitation of the Japanese grant assistance for the development of the oil sector in the south.
واضاف ان تطوير هذا الحقل سيتم على مراحل اذ ستتم المرحلة الاولى له خلال الاشهر القليلة المقبلة لتغذية احدى المحطات الكهربائية التي ستقام قرب الحقل لرفد المنظومة الكهربائية بـ(400) ميكا واط.واشار الى ان الجانب الياباني ومن خلال المنحة المخصصة لتطوير القطاع النفطي في الجنوب سيسهم في اقامة عدة مشاريع نفطية حيوية هناك.He added that the development of this field will be in stages as it will be the first stage in the next few months to feed one of the stations electric, which will be held near the field to increase the electrical system at (400) Mika watts. He pointed out that the Japanese side through the grant allocated for the development of the oil sector in the South will contribute to several projects vital oil there.

Turkey, Iraq, U.S. to meet on Iraq oil | Iraq Updates

Turkey, Iraq, U.S. to meet on Iraq oilTurkey's energy minister said Ankara was asked for help developing oil in northern Iraq and will meet with U.S. and Iraq officials this month.

But Hilmi Guler said the negotiations will be with the central Iraqi government, not the Kurdish leaders that control the oil rich north and are at odds with Turkey.