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

19 February 2007 Basel II standards of banking supervision | Iraq Updates

The banks of the ten big industrial countries were supposed to end all preparations in 2007 for the implementation of the standards, mentioned above, having taken more than four years to study the issue and prepare it.

The implementation of these standards to ensure the safety of the banking operations and stabilize the financial status; thus avoiding the what happened with these banks, and some large Asian banks, from shocks in the eighties when a number of indebted companies and countries stopped paying their obligations towards them.

Basel II standards developed by the Committee included 25 criteria concentrated on the three main bases:
First, capital adequacy and the ability to withstand losses which the bank may be exposed to;
second, the formation of efficient internal scrutiny and control bodies that suit the volume of the banking business; their function is to monitor the implementation of instructions, policies and laws imposed on the banks to make them far from failures and suspicions in their business and reputation.
Finally, those criteria impose on banks putting policies that monitor and define the risks of the market being the environment in which banks operate and the place where they are exposed to the risks of changing interest rates, exchange prices and others. The Iraqi Central Bank has set a 12% rate capital adequacy to Iraqi banks, instead of 8%, which was the percentage set by the Basel II Committee because of the deterioration of security and economic conditions in Iraq.
However, there are other risks not covered by the Basel II Committee like: the management risks represented by administrative corruption, political risks represented by blocking and confiscating funds as well as economic sanctions imposed by international bodies, and there are the economic risks, such as inflation, recession and others.
The Iraqi Central Bank consider it most important to press upon local banks to abide by the standards mentioned because they ensure the banks’ safety and the continuation of their business. According to such, the Central Bank issued many publications and regulation guides urging banks to abide to: capital adequacy, legal reserves, the formation of responsible and efficient monitoring bodies, as well as setting rules for the classification of loans according to their types, their degree of risks and the amounts supposed to be allocated for each type.

The Central Bank has also held many illustrative seminars to introduce those criteria to the directors and staff of the banks.
In order to apply the standards mentioned, our banks need to prepare efficient human cadre specialized in accountancy, credit and control. The banks need to review their financial status, methods of performance, their capitals and the quality of their services because the investment law has been issued and major companies will enter Iraq along with their professional banks which will use very modern and advanced methods of information and technology; thus they might compete with our banks and sweep the market because of their large capitals. One of the motives that made the Basel II Committee specify the percentage of the capital adequacy is to pull the carpet from under the feet of Japanese banks which took up granting loans since the 1980s, particularly in Asia, because Japanese banks has less capital bases than European and American banks.

Basel II standards of banking supervision | Iraq Updates

Sources reveal details of a cabinet reshuffle the government money so
(Voice of Iraq) - 20-02-2007
This issue was sent to a friend

Kurdish sources reveal details of a cabinet reshuffle government Al-Maliki

Irbil (February 20) and the agency (Lucky) told the Italian the news-Kurdish sources confirmed that a "mass-Kurd alliance Stanny will not change ministers in the government led by Nur j-Maliki, The changes include most of the ministers parliamentary blocs , which did not specify the position of other blocks of the amendment Ennobler b. " The Kurdish source is special (Lucky), "The Sadri trend Sage see all his ministers in the government. The only change Accord Front and two of its shares, block did not specify the Iraqi position on the amendments after. while rejecting the Supreme Council for Islamic Revolution in Ar Ninth led by Shiite leader Abdel Aziz al-Hakim, any change in the share of government. " The source added : "The Commission was formed from within and outside Alberlm The Iraqi, intensive consultations are under way in this regard with lumps Alpes Rlmaneh and political forces. The changes will be announced within two weeks Aka Demin. " Part of the newspaper (Lasso) Kurdish, which is published in a for Sulaymaniyah, the Salim Abdullah. the spokesman for the Sunni Accord Front as saying that "a Front to support the efforts of Maliki ministerial changes, The intensive consultations between the parliamentary blocs on the those changes, to prevent a new political crisis in the country. and find a formula of consensus among all the blocks towards Altad Il anticipated "and he expressed surprise at the position of hoses z blocs, which refuses to change Minister, He said, "It is not surprising that some changes in the blocks its shares, as some parties remarks about our Prime Minister, we also have comments and reservations to the ministers of the rest blocks. " It is noteworthy that the expected cabinet reshuffle has been decided since a number of Sabia, which includes 10 ministries, The post of Deputy Prime Minister Arab, But to start the preparation and implementation of the new security plan , prevented the holding of those amendments as scheduled, during this month.


Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

The meeting at the Iraqi embassy in Vienna to support a plan to impose
(Voice of Iraq) - 20-02-2007 shall Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

The meeting at the Iraqi embassy in Vienna to support a plan to impose the law in Baghdad

Under the slogan, "Supporting the elected Iraqi government and to support a plan to impose cascade. Unwin in Baghdad "Pursuant to the directives of the Ministry of Foreign Affairs a the Iraqi issued by Mr. Minister, The Iraqi embassy in Vienna on Sunday, February 18 / 2007 meeting, attended by representatives of most Iraqi community in Austria Ahh ZAP Iraqi political and civil actors. Also attended the meeting and thankfully all of Mr. Muhammad Ahsan , Minister for Territories in the government of Kurdistan and Els by Abdullah Saleh , a member of the Iraqi Parliament, which coincided with the presence in the Austria with the meeting. Where the views of workers enrich discussions and ideas Wa the interventions that have characterized her objectivity and honesty. danger and the aim is to reach the best formula to support a plan for new.

Mr. Ambassador launched the opening of the symposium, welcoming guests to come and especially the minister and the deputy Iraqis thanking them for accepting the invitation, then read the text of sovereignty to attend the recommendations of the Ministry etc. Arjeh on the Iraqi embassies abroad duties Ha and the need to move on the official level in the States foreign available, as well as their levels of popular children represented Iraqi community, in order to publicize the efforts of the Iraqi government and the objectives of a the security plan and the importance of its application to mobilize greater support and Taye d possible.

Mr. Abdullah Saleh, a member of the Iraqi Parliament on the security plan saying that what Emezhth security plan from its predecessors is that it with the consent of ongoing political and wide popularity of the non-exemption a hand without the other and not to adopt the military means e modern, but do developmental projects and service e coinciding with the security aspect. He explained, any State that advanced in the world to adopt Makant not for the O restitution difficult Asir and difficult experiences, He expected to play Iraq and become a model in the world, MI birth of construction. Then he talked about the interference in the affairs of Iraq and said that parties various regional and international participate in the intervention to a n-known media organizations, reservation to give his name also involved in what is happening in Iraq .

As Mr. Mohammed Ihsan, Minister of the government of the Kurdistan talked about the gravity of what happened usage m 2003 and said that was the result after the fall of the regime is the collapse of Ka tired of the Iraqi State due to miscalculation Americans management matters, to request a comprehensive rebuilding of the Iraqi State m 906/2000 that Iraq is not seeing progress and mass are casting Ge dominant as conceived by a satellite media for unbiased, which do not reveal the reality of the events fairly. He pointed to a significant reduction in the rate of crime and operations terrorist inside Baghdad once the security plan starting e.

After putting their interventions audience, which included questions Tin given various topics, including security, services and aspects of a affecting the. , Raised a number of perceptions and views on how support for the elected government and the conditions that must be met in order T. Baghdad security plan crowned with success.

For his part, Mr. Ambassador listened to the views put forward proposals and perceptions about the nature of work and coordination at the scene Alenmsao Yeh. Where sovereignty renewed support every effort to reunite Iraq Yin in the arena and contribute to the Austrian rallying energies and reaching out to the level of the event and challenges. He urged the sovereignty, representatives of political parties and organizations on the need surpassed to further serve the community that expects much from them Mud Agan, the role of the embassy in this area is assigning and encouragement. The

Initially agreed on the formulation of the statement is to invite all Iraqi forces and movements of the actors contribute to Overstuff Dr. public opinion in favor of the security plan the one hand and promote a the future of the ties of joint work on the other. Excluded forces, which are still insisting on the Baath approach earlier, speaks out in hostility to the experience of the new Iraqi .

Those who attended the meeting were :

The Supreme Council for Islamic Revolution in Iraq

The Iraqi academics

Kurdistan Democratic Party

The Patriotic Union of Kurdistan,

Assyrian National Party

Resource Center Cultural House

The Committee for the Support of the United Iraqi Alliance

Physicians Kurds in Austria

Iraqi Austrian Friendship Society

Iraqi House in Austria

The Iraqi Communist Party in Austria

The Communist Party of Kurdistan

Austrian Iraqi Association for Development

And other personalities and a number of Iraqi Journalists



Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

A press release on the Declaration and Plan of the Ministry of Oil
(Voice of Iraq) - 20-02-2007
This issue was sent to a friend

The Republic of Iraq
Council of Ministers-the National Center for Media
Media Relations
Press Release Press release /
Tuesday 2-20-2007
The Oil Ministry announced plans to raise production capacity has Baiji highly descriptive after operation of a number of units pain stop

The Minister of Oil, Dr. Hussein Shahrastani is defined by the automatic processing of eight provinces (Ninevah, Kirkuk, Saladin, Sulaymaniyah, Arbil, Dohuk, Diyala, Anbar) derivatives of the oil company refineries Chama l / Baiji refinery after it was suffering from lack of due Atallke in the production of the refinery and delays in processing outlets, which led to reduce the prices of these derivatives in the black market more from (50%), expressing "expressed satisfaction over the smooth transfer of a product from pain descriptive to the provinces under the supervision and control of the minutes before the cascade Wei security, This came during the Minister's visit to the Baiji refinery on or S..

The minister added that the plan had been implemented only Monia approved by the government and the ministry to ensure that sludge Yeh of the oil installations, including the Baiji refinery, which culminated b the successful to a large extent in controlling smuggling operations in the vicinity of M. religion Baiji through dealing and continuous coordination between a the Ministry, the Ministry of Defense and Salah Al Din backed from the multinational forces, He "indicated that efforts are still underway, however, beaten by h Ded Almkharbein and at the hands of those who trample Almehrbein Bom the capabilities of the country.

Shahrastani also announced that the ministry started its plan to raise a energy production for the Baiji refinery, and a high degree Ted tobacco during the coming period after the operation Addman Alohadda T. suspended from work and from the Joint Oil Black Althk Il and turned into oil derivatives.

Shahrastani and directed to the North Refineries Company Balmchar Qi in the implementation of service projects and contribute to the reconstruction of the debtor e Baiji immediately "and at the expense of the ministry.

On the other hand, Mr. Minister to maintain coordination between the Ministry and the Ministry of Electricity to stabilize Tjhi g citizens with electricity.


Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

Call publish a draft bill proposed oil d-Halim Mohammad Kazem
(Voice of Iraq) - 20-02-2007
This issue was sent to a friend

Crude oil is a quick Hidrocarponeh Alachta and the usually lodged in the ground situation in the most liquid often in situations called fisheries oil Wa Khtassara "fisheries". fisheries depth ranges from the depths of z dissolution may not exceed a few hundred meters deep to reach sometimes more than five thousand meters. There are several ways to detect fisheries depending on the type and location inside the ground, while a possible inferred from the surface and others require techniques and geophysical surveys and there are types of studies require complex computer programs added e expertise geophysical and geological advanced.
Discovery catches and determine the location does not mean it contains p Lee crude oil, but is only the first stage of Mirah ala to search for oil. the stage is followed by drilling wells the surface so-called hot and trap in this situation, "Bir exploratory. " possible outcomes of drilling is either that they are Ak presence of oil or hot dry, the presence of quantities of oil may be commercial or non-commercial, in any case must be evaluated oil reserves discovered m n During the drill two or more dependent on the ramifications of the most pressing Say classes and the nature of the container for oil. The concept of "n only in commercial "means that oil extraction is located one of the methods of art known that there feasibility Aghtassa his extraction of oil and other things. The discovery means that the discovery of commercial quantities of oil or a field G. Ize may be a huge field, such as the giant Kirkuk field or Mato Sit or small. this hand is the other hand, may be a good quality of oil or poor and heavy or light oil and high productivity or dead waist and perhaps low. The quantities of oil discovered (or what is called a stock for oil) and the quality of oil or gas, production and Alasa TR is the most important factor for the transition to the stage Tel j called in exploration and development.
Development begins reservoir preliminary studies for the calculation of Ahti Bared camps (ie negotiable oil to reach the Earth's surface of the brain Zun oil located in the ground) as well as for the selection of a preferred methods of production and the potential production of Globalization Oh without damaging artistic Balmkman. This requires the p dd necessary dug wells and production rates to account befo*****d, Mia called the wells "wells evolutionary" The study recommends digging wells for water injection or gas T. Baa to production methods recommended by the study reservoir . oil production from the wells needed to pipelines m n wells to the stations to collect oil and gas and isolate the building large reservoirs for the storage of oil, gas and railway stations abolished presentations oil pumping stations and electric secondary Substation , D pipelines for the transfer of large oil and gas field I refineries or export ports , safety regulations and for the protection of wells, roads , the industrial water and drinking water and other intravenous d vinegar reservoir, administrative buildings, all services Noaha , equipment control and communications systems. stores , storage yards , labor and technical cadres and specialized expertise of M. Taza, It requires the development arrest and the seizure of a vast the land had belonged to the private sector. For the benefit of recall that the development phase is a continuous process that starts from the b counting exploration and ending depletion field completely, The last for decades.
It is clear from the foregoing that the extraction of oil is in two phases : the first phase of exploration, which is what most distinguishes it is a Qetranha risk and the risk arising from able e failure to find commercial oil concentrations are Tto saw technology available time detection and estimation Gh may range between the 50th and 20th to five million dollars a Merike. The development phase is to understand what distinguishes the magnitude funds for building installations and surface drilling of wells, operation, which may reach hundreds of millions even from the father The lari, and perhaps more than a billion and a half depending on the policy only Ntajeh adopting advance and the large field and other things, The project is, at any stage of development a me economic disaster if there has been a decline in prices influential Allen only in or if the assessment is inaccurate. It is useful to draw attention to the Wolf Las College Takhraj barrels of oil are mainly tasked capitalism does not constitute sunspots operational but only 10% in every Allah And.
In a meeting between Minister of Oil earlier in the 1990s with a group engineers and technicians to discuss a plan to develop one of the most pressing saying that require tens of drilling wells. minister to consider a the present (mu Hawaii this number, one well enough)! , I met many of the engineers and technicians who told working in the oil sector, they believe that hot oil Yeh no more than tens of meters deep and half the diameter ranges even meters and 2 meters! To this I find that provided above abridged necessary told reader Karim stages of the definition of the oil industry only Stkharajeh one side and the other side to draw attention to the size of Mo reality risk and the risk, small amounts of money that are in the exploration phase, but dead signed likely to occur either in the development phase Valamo the huge, and we have received huge losses resulting from fluctuations in Alasa R. world oil, as well as whether the assessment is inaccurate.
Since the start exporting oil from Iraq, especially since 1947 turning the Iraqi economy to a yield economy lame Itokz on oil imports do not think I am right because foreigners I said that a contribution of the oil GDP hit 9 0% approximately. Since the embargo placed underneath Iraq for a period of twelve o costing since 1991 until April 2003 and the ensuing from the the looting of laboratories and factories either underdeveloped agriculture the result is not critical, all this has made the Iraqi economy depends fully bridge a of proceeds from the export of oil. in other words, the salvation of the country from the problems plaguing it is currently pending a decision seabirds and the advancement of the oil industry does not matter-yoke k, especially as world oil prices are very encouraging, then there are no alternatives at the present time, but because Iraq d poor, contrary to what is known by the majority of people and I wish helping the time to clarify matters.
In Iraq, there are many fields producing in dire need of development to cope d such as youth fields, Kirkuk, Bai Hassan, Jenbur, baker, east of Baghdad, Halvaih, Rumaila (North and South), West Qurnah, The list is long, There are also fields spare D Ashot It depends h automatic for security reasons or lack the necessary funds brother Ri discovered and resident awaiting development, and there are fields Mkic Fe need to be evaluated and there needs to be further fisheries of the Exploratory effort. this is the position of the Iraqi fields Uncle what. The funds necessary for the development of oil industry generally alike (and Downstream, ie any Alast outlying liquidation) indicates the studies conducted by the trap AT global specialized Iraq needs between 60 to 90 m billion dollars over fifteen years of continuous development any rate of four to six billion dollars annually. To be fair, most of these amounts in the area of extraction.
The petroleum industry in general and especially extractive occurred g including :
First : capital intensity as we said earlier, and secondly : they are run by the cadres of engineering and technical expertise of blindness Ka advanced and occupy the hands of trained workforce training and good Tist work techniques and sophisticated equipment is very subject to controls and safety occupational and environmental very strict. The incidents and technical errors in the petroleum industry who G strictly prohibited and must be rare and outside the yearning ferocious.
The question that comes to mind is whether Iraq is capable of T. ample funds of this size and quantity? Does he have the experience Yeh and technical resources for the advancement of the oil industry? . With regard to the provision of financial funds merchants Iraq Yeh, "the Ministry of Finance, the Central Bank, The government banks and others "have to answer health Hah, realism and confirmed, The second part of the question is more difficult, which opened a the door for discussions and opinions. The policy plays a role in this.
From my point of view, that Iraq has trained technical and engineering saws Pratt good, but with a limited (updating of expertise, Tawas with the techniques of modern global stopped since the invasion of Alco not% in August 1990), many of these cadres advanced age e age and flaccid and lacks the vitality and activity. The young cadres (Unfortunately, there is no age gradient between a for young and old!) it has received sufficient training opportunities and therefore few good experience and academic qualification for dead the center, not to mention the lack of and indivisibility of speaking and understanding b English language. Language is an essential component of the industry and follow up the advantage of deciding talk itself continuously according to the latest technologies functional Wa the scientific. . Global companies all know that Iraq is dire Hajj e for the advancement of the oil industry and know for certain that Iraq does not have the necessary funds and technical expertise e sufficient.

We hear these days that there are discussions revolve around "a law for oil, " The law aimed to develop the oil industry in usage m and extraction, in particular through restructuring and visited e oil and joints, the oil industry and to define the powers of k told of the House of Representatives and the Council of Ministers and the Ministry of Oil and not Kalim, as well as how to distribute oil revenues and details of Eartha Kitt lira other unnecessary to burden the reader. The day Rafa February 14 this month unless Takhoni memory decided Majdal o Ministers reaffirmed study the draft law before impetus to the the House has discussed this today, February 18. a draft the law written by a group of specialists, says Trotting behind the affairs of the oil commissioned by Dr. Ibrahim hoarse R. science and former oil minister and the law consisting of 36 m birth is located in the 29-page sent by the Ministry of Petroleum in August 2006 to the Council of Ministers for consideration and approval and did not submit sat legislation in the House of 12 / 11 / 2006, the Commission issued a the oil and energy "bill of oil / working paper debating e. " this article is not intended to discuss the "draft" law of a OPEC oil proposed by the Ministry of Oil and paper, "a work the panel, " But to be fair say that the first impression for those who read the draft e and the authors of the draft and put some controls in mind such laws, which control the Iraqi economy M. Stekabla is "the laws of the free market" and it is the orientation x Sash oil sector this first and secondly, that Iraq does not happen you necessary funds and is therefore adequate expertise invite international companies to help develop wealth the oil through the decades. The paper symposium Vmlieh gaps revolve Witt role mostly on contracts and the authority vested in Bal negotiating with companies and giving licenses ... etc., short reader feel a lack of confidence and uncertainty about Zsigmond z paragraphs and sequencing resembled a game of the living and stairs.
The types of contracts and the selection of a contract usually comes after Mvao Dat painstaking and difficult and complex bargains and science writing n Thieves contract more complex and require people to specialists Ballg AT is written contract and legal experts codification The legislation and other things. Companies have long experience accumulated by writing contracts and 183ff circumvent the formulas in the event of disputes ( What most) and I can assure you that it deals with the companies global oil should bear in mind during the stage legal codification of the contract : to reach agreement ensures the least possible loss (operation grow e basketball loss difference of one or two points was Tech the result won 71 versus 70 is much better than 30 or 90 against 45).
There are types of contracts, some of which fits the fields Sage danger and other appropriate medium but most contracts is Almsm j "production contracts" that any of the companies share any n outrage percentage of the crude oil produced and this type of pw fuel attendant large fields. in Iraq, there are over fields the scarcity of this type of contract. Although there are p Dedeh taken into account and help when a preference to another, But it remains difficult to some extent, Not only that but the selection of companies that must deal with Here is the other task is not easy as some people may think they Ak companies have vast experience and a good reputation and deep in the crack j oil industry and other modern foundation does not have a j expertise and sufficient funds and may be required to inquire as to financial assets and assets simply because it is in doubt and Rier.
The equity issue is extremely complicated and for this I call m sat Minister to publish the draft law in the press Besigt Ha recent him to be able to discuss openly all m n wish of academics, specialists and those interested in the news purchase of Finance and Economy, jurists and politicians country Wa the parties and organizations as well as through newspapers and TV screens to enrich the subject with a view to writing the best bill for the most precious thing happen you get this country at this stage of history, note that the law provides, in political conditions in the very Altak the hands, the least of mistrust between the parties, It is desirable that ripens law calm under fire and without despite the urgency of the need oil industry desperately. that s Unwin and ambiguous formulations calls for doubt and suspicion will inevitably break R. and focus to the problems of conflict and tension and not at the level of Uncle M. Iraq, and even within the same region. Oil wealth is the only hope to get out of a the economic and political crisis which has ravaged the country at the present time.
Dr. Halim Mohammad Kazem / engineer oil



Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

Invested with brains and vision before the dollar Sesame-Salem Mahdi
(Voice of Iraq) - 20-02-2007
This issue was sent to a friend

Invested with brains and vision before the dollar
Salem Sesame Mahdi
Speaking economists and politicians all expressed a billion the dollars spent in Iraq under the title "reconstruction and develop and make the optimal model in the Middle East. But what we see on the ground is completely different from those caused Aaouat degradation is the dominant feature of the situation Elsa Edeh and everything in Iraq will become what we are by T. millennia and service tragically dire straits.
When talking about Minister of billions of dollars that spent in the fields of electricity, water, sanitation and the hospitals and Housing and Construction jump to the imagination watching scenes of the magnificent facilities of life in other countries People of the world by amounts less than on Mthilt Here in Iraq without any note of the impact of services here! ! Forced citizen to question traditional : Where did you go these funds hardly astronomical ?????
Electricity deteriorate to reach sometimes under the grade R. and justification is the terrorist acts! Without thinking in devising some alternatives is available e could have been accomplished if a certain percentage over Els Nene four years, which was looking for the owners of others e owners and minds that think only thinking of the late j eternal paradises Abdul Karim Kassem (God's mercy), We heard lengthy discussions about the installation of fire stations Verification self-sufficiency for some cities and small generators outside some districts and alleys of the circle of darkness and free ease their crisis of oil derivatives, which breaks the back, as well as water, where we broadcast on Iraqi satellite together Nah some areas of the need for water in the middle of winter, How is the case with the heat in summer ????? The sewage and VX purchase of street Fajtna hear a justification for a new record of fueled previous summarized that the funds allocated exchange employer Abi to complete and the rest suspended, We have to wait and months and perhaps years to spend the rest of the amount and the citizens will endure or Abe, These new cases show us how to proceed in the draft not processed money.
That is what is happening every one interpretation, which is that those who moved a the responsibility would not be able to serve the people, including the advancement of . Therefore, the people would like to strongly demand Mr. when the Prime Minister announced to the parliament (many abolished Yap) that will choose the people who efficiency and integrity, chastity and Qena Eh charge things to the satisfaction of the people of God and is a pleasure I hearts of the disadvantaged and the unfortunate and bear such the men responsibility exit this spiral of the nation Almvz Eh, which is where, where does not match the size of the billions invested with the reality of poverty, unemployment, which eats the body of the citizen and not without mercy other than one interpretation is that these funds have been entered in the calculation AT other than those announced by the gangs, and that there is limited e able to command at the expense of the people who Astqub all told disinterest announcement on the next budget Bmliara elsewhere dollars (session) because all the people wondering uncle a previous funds allocated to the reconstruction of Iraq. This is what drives people to resentment and mistrust in Laos p what is said.
The talk about billions invested must be preceded by Age Raat to choose cooler and conscience Quarter e banner and handing reconstruction of who influence Hereafter, fearing God, not in words only as pursuant to watch and place whole p. Having sensed the lie and the hypocrisy of the claim that over the years pw dry years, where melted their words and principles and vulnerable is behind the request the dollar.
The selection of great minds and scientific capacities developed with so and magnanimity and self-esteem just I reconstruction of Iraq more important than the particular reconstruction and the earliest told to go into the pockets of middlemen and beneficial and companies security has become, we start reconstruction, which Tstti p our done in the areas of roads, and the surfacing bridges and construction and extension of the water and repair the fault of Ko Herba and sewage to get rid of the expenses of receivership Security Yeh order not to give the field open to those who apply ideals cascade. Wail : (Hamiha Haramiha) and the help of God in the poor and offerings Akin.



Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

What is a Peg

What is a currency peg? - IraqiWiki

Latest Iraqi Dinar News... ( The Think Tank )

Neno has asked that a new news thread be started , so here we go.

Regional News
Iraq becomes 'safe haven' for Palestinian refugees
Published Date: February 22, 2007

AMMAN: The Iraqi government and Kurdish leaders have agreed to give thousands of Palestinian refugees in Iraq a safe haven in northern Kurdish areas, a Palestinian official who negotiated the deal said yesterday. The deal was brokered in Iraq last week following negotiations with Iraqi President Jalal Talabani, Prime Minister Nouri Al-Maliki, Kurdish leader Massoud Barazani and other officials, said the negotiator, Hamadah Faraaneh. He told The Associated Press that the Iraqi government also agreed to issue temporary passports for the Palestinians to enable them to travel outside the country. There was no immediate comment from the Iraqi government or Kurdish leaders. "It's a successful deal that allows Palestinian refugees trapped in Iraq a safe haven, a place to live, work or study in the Kurdish provinces and to treat them appropriately as guests of the Kurdish region," said Faraaneh, an Amman-based member of the Palestine National Council, which regards itself as a parliament in exile.

The UN refugee agency estimates that about 15,000 Palestinians living in Baghdad as refugees face constant threats from militias and are unable to move freely. Some are being killed, kidnapped or forced to leave their homes in different Iraqi neighbourhoods, the U.N. High Commissioner for Refugees has said. Some Iraqis resent Palestinians living Iraq because of Saddam Hussein's longtime preferential treatment toward them until he was ousted in the 2003 U.S.-led invasion. Saddam gave large cash payments to Palestinian suicide bombers in the 1990s, when Iraq faced crippling economic sanctions and many Iraqis were jobless. That caused Iraqis to feel strong resentment toward Palestinians and other Arabs who came to work in Iraq. Palestinians have left in large numbers since the 2003 invasion because of widespread anger and violence toward them. Faraaneh said he was accompanied by Palestinian Authority representatives Jibril Rajoub and Assad Abdul-Rahman, who headed the three-man delegation. He said the deal was kept away from the press for a week to allow a committee to form made up of Baghdad-based Palestinian refugees, the Palestinian mission in Iraq and Iraqi government officials.

The committee will soon review safety procedures and compensation to be given to Palestinians who have been harmed in Iraq, he said. Faraaneh said the deal also "entails giving Palestinian residents of Iraq since 1948 equal treatment as Iraqi citizens in terms of social security, health care and to pay compensation for those who were inflicted harm." He said other guarantees included providing "special security protection to predominantly Palestinian neighborhoods and to care for them as guests of Iraq until they return to their country in Palestine." Palestinians who have fled Baghdad for safety and are stranded at Iraq's borders with Arab countries, including Jordan, would be allowed back into the country and be assisted, he added. He said Barazani, the Kurdish leader, anxiously accepted the deal. "He said he was gladly helping out because he was paying a debt back to the Palestinians," Faraaneh said, explaining that Barazani felt a personal debt to deceased Palestinian leader Yasser Arafat because he had helped him by giving shelter in Lebanon-based Palestinians camps in the 1970s and 1980s when the Kurd was "pursued by Iraqi intelligence." "I used my personal contacts with Mr. Barazani to help the refugees," Faraaneh said. _ AP

BASRA (AFP)
Another two brigades of Iraqi troops are to be sent to the southern city of Basra to boost security when British forces begin their phased withdrawal, the local governor announced yesterday.
“Two brigades of the Iraqi army will arrive in Basra in July to support the local forces,” governor Mohammed Al Waeli told a press conference.
The 3,000 extra troops, he added, will enforce a new security plan which “will target everyone who tries to undermine the security of the province.” The full impact of British Prime Minister Tony Blair’s announcement on Wednesday that British forces in Iraq will be reduced from 7,100 to 5,500 in the coming months was being assessed, the governor said.
“There are deliberations with the British government regarding the plan of withdrawing,” he added.
Blair told parliament that aside from the pullout of 1,600 troops in the coming months, further cuts were likely that would reduce the strength of Britain’s presence to less than 5,000 troops later in the year.
But he said British troops would stay around Basra into 2008 to help Iraqi forces and local authorities in a support role “for as long as we are wanted and have a job to do.” Iraqi Prime Minister Nuri A -Maliki said the British decision had been taken in coordination with the Iraqi government and came after Iraq’s own forces had made great progress in readying themselves to meet threats.
British forces in Iraq are based around the country’s second city and have already handed over security to local forces in two out of the four provinces they controlled in the overwhelmingly Shiite south.
Unrest there has been lower than the levels witnessed in and around the capital Baghdad and in the central “Sunni triangle” but British forces have nevertheless faced some fierce fighting and have seen 132 soldiers die.