Thread: Iraq/Dinar News until April 26, 2007 Midnight cst.

Kuwait has not yet decided to write off their loans to Iraq

American official said that Kuwait had not yet decided whether it will write off their loans to Iraq amounting to 15 billion dollars, which date back to the era of former Iraqi President Saddam Hussein.

The Iraqi Prime Minister Nuri al-Maliki met recently with the Amir of Kuwait, Sheikh Sabah Al-Ahmad and discussed the issue of religion. He also met with David Satterfield, adviser to the American Secretary of State Condoleezza Rice, who is currently visiting the region to provide financial support to the Iraqi government.

Kuwait had pledged to write off 80% of its debt to Iraq, but the resolution is awaiting parliamentary approval.

He opposed many of the members of Parliament such a decision on the basis that Iraq is an oil-rich and must repay debt. He disclosed Assistant owners that Satterfield told the Iraqi prime minister that Saudi Arabia has agreed to write off most of Iraq's debt to $ 15 billion but Kuwait had not taken any decision.

Saudi Foreign Minister Prince Saud al-Faisal said last week said that his country agreed to write off 80% of their loans to Iraq. Officials said that Riyadh had announced its decision on the matter during an international conference on Iraq held in Sharm el-Sheikh resort on the Red Sea in Egypt next month.

He Satterfield day yesterday, Monday, that the United States and the Iraqi government to seek the Gulf States and other creditor nations to write off the debts of Baghdad.

Kuwait refused to reopen its embassy in Baghdad and expressed concern over deterioration of the security situation
Added news on 4-25-2007, 8:56

Amman - WAI-Mahdi mirage
Agencies

He met with the Emir of Kuwait, Sheikh Sabah Al-Ahmed yesterday visiting Iraqi Prime Minister Nuri al-Maliki, and held talks with him on bilateral relations between the two countries and overall developments in the situation in Iraq and the region, and asked Khalaha Maliki political and moral support and material support for his government, while Kuwait expressed fears of the deteriorating security situation, and called for the prompt establishment of the national reconciliation, and refused to re - opening the embassy in Baghdad.

In Kuwait, which is the second stop on a tour of Arab Iraqi Prime Minister after Cairo, which aims behind to mobilize support for the Arab neighboring countries, which will be held in Sharm El-Sheikh early next month, Al-Maliki met with the Emir of Kuwait with Crown Prince Sheikh Nawaf Al-Ahmad and Prime Minister Sheikh Nasser Mohammad, It was during the meeting - a statement Amiri Diwan - exchanged friendly greetings, which reflect the depth of brotherly relations between the two brotherly countries, also discussed ways to strengthen relations between the two countries in all fields.

After his meeting with Prince al-Maliki meeting held talks with Muhammad included the Kuwaiti side of the Deputy Prime Minister and Minister of Defense and Interior Sheikh Jaber Al-Mubarak and Deputy Prime Minister and Foreign Minister Sheikh Dr. Mohammad Al-Sabah, Minister of Finance Badr Al-Humaidi and Director of National Security Apparatus Sheikh Ahmad Fahad The talks dealt with - according to the official statement-topics of interest the joint and bilateral relations in various fields between the two countries.

Sources revealed that Maliki request from Kuwait full restoration of diplomatic relations between the two countries opened embassies in both countries, but Kuwait, which welcomed the reopening of the Iraqi embassy in Kuwait and provide political and material support required for this purpose refused to reopen its embassy in Baghdad at the present time, and linked this measure improvement the security situation, and stated Maliki incidents of abduction and murder of Arab ambassadors likes of the Egyptian Ambassador, as I attempted bombing the Kuwaiti embassy in Baghdad in July 2005.

The sources confirmed that the Kuwait news for the owners of alarm and concern utter deterioration of the security situation and continuing incidents of terrorism and sectarian fighting, and expressed fears of transmission of such acts on its territory, asking him a speedy national reconciliation and the introduction of all the components of the Iraqi people in running the country's affairs, and the impartiality of the panel without the other and treat everybody equally and not tolerance with armed militias, whether Sunni or Shiite, and asked him to improve the living conditions of citizens to reduce the severity of congestion procedure.

She said that Kuwait expressed concern over the intervention of some neighboring countries in Iraqi internal affairs to the detriment of the political process and increase the risk of sectarian fighting, and pointed out that it rejects any attempt to divide Iraq on the basis of religious or sectarian.

The sources said that al-Maliki tried to reassure Kuwait and understand the reasons for not opening the embassy at the present time, and stressed that the security situation is constantly improving and that national reconciliation efforts have begun to bear fruit, and told her that his country needed Political and financial support to strengthen the government's efforts to restore security and improve living conditions, and demanded the announcement of Kuwait topple Debts on Iraq, and said that the debt used in the previous wars claimed the lives of the Iraqi people, and Kuwait stressed that any decision to drop the debt should have to pass through the constitutional frameworks of the consent of the National Assembly (parliament).

The Maliki met individually with Finance Minister Badr Al-Humaidi in his residence at Bayan Palace, a group of Kuwaiti investors and asked them to contribute to the rebuilding of Iraq and promising to provide them with all the facilities that only investors who welcomed the idea expressed fear for their investments because of the deteriorating security situation.

The sources said that al-Maliki met in the evening heads of the Liberation daily newspapers and to explain to them the real situation in Iraq, editors asked him about the future of Iraq in light of lawlessness and sectarian fighting, and asked for justification for the intervention in the internal affairs of Iran, also sought clarifications on his earlier explicit on the Kuwaiti-Iraqi border.

The parliamentary circles has been sharply divided on the visit, while welcomed by MP Saleh Ashour, who issued a statement in which he called for the reopening of embassies and the normalization of relations between the two countries immediately and topple Iraq's debt, saying that the stability of the situation in Iraq is casting a shadow on the situation in the entire region, a significant number Deputies from this trend, MP Marzouk Al-Ghanim said reopening the embassy is not possible under the deteriorating security conditions, and refused Islamic MP Dayfullah Bo tumor Iraqi debt forgiveness and said : Iraq was a rich country and it pay its debts and the first drop of Kuwaiti debt first.

Translated version of http://www.iraq4allnews.dk/index.php?sec=home

New Cabinet Reshuffle within Two Weeks
Baghdad, 25 April 2007 (Al-Sabaah)

Iraqi officials expected a new cabinet reshuffle hope including 10 ministries through the next two weeks.

MP Abbas al-Bayatee expected that announcing of the cabinet reshuffle declaration would expose in MPs council for the coming week, and PM Norri al-Maliki would stating the names by his Arab states tour returning back, since it would not endure any more delaying.

On the other hand, MP Hassan al-Saneed prime minister advisor said that the prime minister wants to choose persons with a high qualification and have good ability far away from any pressure from any front or side and he have a lot of a technocratic members.

New Cabinet Reshuffle within Two Weeks | Iraq Updates

Iraq oil law no closer to completion
BAGHDAD, 25 April 2007 (UPI)

Iraq's oil minister said a draft law governing its oil would head to Parliament this week, but major roadblocks still need to be overcome.

More than 60 current and former Iraqi oil officials met in Dubai, the United Arab Emirates, last week to talk frankly about the hydrocarbons law. Instead, what was revealed was negotiations are a long way from concluding.

The Iraqi Cabinet in February approved a draft hydrocarbons law framework, which lays out how Iraq's 115 billion barrels of oil and 111 trillion cubic feet of natural gas reserves will be governed, explored and produced. That law, along with numerous accompanying laws and annexes, are to be approved by Parliament by May 31.

While tense talks in Dubai highlighted difference of opinions on the oil regime, Oil Minister Hussain al-Shahristani said it will head to Parliament soon.

The framework means nothing without the annex -- a disputed list of who controls which oil fields. There has been no agreement on revenue sharing either, both how exactly the money will be collected and redistributed, and how much.

Petroleum Intelligence Weekly reports the Kurdistan Regional Government said the Kurdish bloc in Parliament will reject the law if the annex stands as is. The KRG will move forward unilaterally on development if the law isn't passed by the end of May, which is looking increasingly likely.

Iraq oil law no closer to completion | Iraq Updates

Al Maliki holds talks to avert infiltration
Kuwait City, 25 April 2007 (Associated Press)

Iraqi Prime Minister Nouri Al Maliki met with top officials from Kuwait and the US yesterday to discuss the $15 billion (Dh55.05 billion) Baghdad owes Kuwait and ways to stop the infiltration of foreign fighters, officials said.

Al Maliki, on his second visit to this country as prime minister, met with Emir Shaikh Sabah Al Ahmad Al Sabah for about an hour and later held a separate meeting with David Satterfield, an adviser to US Secretary of State Condoleezza Rice on Iraq.

Satterfield, who was on a regional tour to encourage financial support for the Iraqi government, told Al Maliki that Saudi Arabia has agreed to write off most of the more than $15 billion Iraq owes the country, but Kuwait has not made a final decision, according to an aide to Al Maliki.

During his visit, Al Maliki is expected to ask Kuwait to forgive the $15 billion that his country owes the nation dating back to Saddam Hussain's former regime.

The Kuwaiti government has pledged to forgive 80 per cent of the debt, but the decision is subject to parliamentary approval. Many lawmakers oppose the move, arguing that Iraq also is an oil-rich country and should pay back the money.

Satterfield said on Monday that the American and the Iraqi governments are "working closely" with Gulf countries and other major creditors to write off Baghdad's debts.

The US official asked the prime minister on Tuesday about what should be done to stop the infiltration of foreign fighters and weapons into Iraq from neighbouring Iran and Syria, the aide to Al Maliki said on condition of anonymity because of the sensitivity of the issue.

Al Maliki holds talks to avert infiltration | Iraq Updates

Wednesday 25 April 2007
The transfer of salaries of retirees displaced people to their new home regions

Iraqi national-Luna / Office of Baghdad d / Service has retirement transfer salaries (17437) retirees to other banks after deported from their areas to the new residence, a source at the department said today, Wednesday, that the retirement check and inspection of the accounts of its branches in the governorates.

Wednesday 25 April 2007
Study reality Industrial Bank

Iraqi national-Luna / Baghdad office / industrial bank is studying the realities of working in the bank and examine obstacles and problems which prevent the bank's performance to its optimum and overcome all the obstacles.

A source at the bank today, Wednesday, that the bank is also exercising collection advances officials of the ministries of state and his cousins granted to all branches need to collect the loans granted to Mestelvin arrears payment, pointing out that the financial investment in the bank is conducting the sale and purchase of shares of the companies listed in the Iraq market for securities The two meetings per week

Wednesday 25 April 2007
Employees of the Agricultural Bank participate in the sessions of the phenomenon of money laundering

Iraqi national-Luna / Baghdad office / A number of employees of the Agricultural Bank and within the plan to increase the efficiency of associates in the symposium for the qualification and operation fields poultry in Iraq.

A source at the bank today, Wednesday, that involve a number of staff at the special session of credit risk and the special session the phenomenon of money laundering and a common accounting system organized by Rasheed Bank and the Central Bank of Iraq, pointing out that the mediation carried out at the bank buying and selling shares of the companies listed in the market Iraq Securities Commission, two meetings per week, and this continues Agricultural Bank loaned ministry officials (municipal, public works and youth and sport, communications, environment, trade and internal).

Announcement No.(911)

D.G. of Foreign Exchange Control

The 911 daily currency auction was held in the Central Bank of Iraq day Wednesday 2007/4/ 25 so the results were as follows :

Details Notes
Number of banks 12 -----
Auction price selling dinar / US $ 1270 -----
Auction price buying dinar / US $ 1268 -----
Amount sold at auction price (US $) 63.975.000 -----
Amount purchased at Auction price (US $) 2.000.000
Total offers for buying (US $) 63.975.000 -----
Total offers for selling (US $) 2.000.000 -----

Boy, go over to the rumor section and you'd think the RV was tomorrow. Come over here and read the news and it seems we are getting nowhere. Talk about your up and downs.