Thread: Iraq/Dinar News until 5PM CST May 10,2007

The fourth international exhibition for the reconstruction of Iraq based on next Monday in Jordan
Source : Middle East-05 / 05 / 2007

The participation of more than 700 companies from 40 countries

Witness the fourth international exhibition for the reconstruction of Iraq to be held in the period between 10-7 May (May 5) in the Jordanian capital Amman, where large turnout internationally involved more than 700 companies from 40 countries in addition to the 300 global brands, as a rule to go to the Iraqi market, Jordanian and meet the requirements of Iraqi businessmen and Jordanians It is the neighboring countries.

The exhibition will be held by the group organized by the International Exhibition and the Riyadh Exhibition Company Ltd. Square in Amman for exhibitions that has been developed specifically to the area of more than 100 thousand square meters on the side of the road to the airport Club Dions Amman, where they were processing 24 thousand square meters of buildings of the vast supply of incubation Interior addition to 5 thousands of square meters of the space.

The advantage of this international event since its first session held in Kuwait in 2004 successfully exceptional at various levels, which receive support and care consistently from various organizations and quasi-governmental international and Arab. Participate in the exhibition this year, companies from Austria, Australia, Belgium, Brazil, Bulgaria, France, Germany, Greece, India, Indonesia, Italy, Japan, Korea, Malaysia, the Netherlands, Russia, Spain, Thailand, Turkey and the United States, the United Kingdom, Pakistan, Iraq, Iran, Saudi Arabia, Jordan, the UAE, Kuwait and Lebanon.

And the participating products and solutions and equipment for several sectors, notably building and construction, oil and gas, health care, education, information and communication technology, as well as consumer materials and household items. Exhibitors and looks forward to the establishment of international relations in addition to meeting with businessmen and the Jordanian and Iraqi companies and their counterparts from Arab states.

The exhibition is the reconstruction of Iraq 2007 an important occasion for the Iraqi businessmen and the Jordanians and Arabs to identify companies crossbar and sign contracts dealerships, distribution and joint ventures. It is noteworthy that Saudi Arabia is the participation of prominent wing in the exhibition this year with the participation of 35 Saudi companies and factories.

Iraq's FinMin: Bulgaria, Slovenia, Poland Agreed to Waive 80% of Debt
Sofia News Agency - [04/05/2007]

Iraq's finance minister has announced that three Eastern European countries - Bulgaria, Slovenia and Poland have agreed to write off 80% of the Iraqi debt.

The debts were run up mostly during former leader Saddam Hussein's war against Iran in the 1980s, said Minister Bayan Jabr.

Earlier in the day, as an international gathering on the country's future opened, Iraqi Prime Minister Nouri al-Maliki called on all countries to forgive Iraq's foreign debts.

"We are calling on all our friends participating in the conference to write off Iraq's debts," Nuri al-Maliki said at the opening of an international conference on Iraq in the Egyptian resort city of Sharm el-Sheikh. Bulgaria is represented at the conference by Foreign Minister Ivaylo Kalfin.

Nuri al-Maliki said it will make it possible for Iraq to start implementing large-scale construction projects and plans to restore the country's infrastructure.

Al-Maliki thanked the countries that had already written off his country's debt. "Our nation will not forget their kindness," he said.

Iraq owes some USD 50 B, notably to Saudi Arabia, Kuwait, Russia and China, according to Iraq's Finance Minister Bayan Jabr.

It owes USD 1.7 B to Bulgaria.

Another USD 100 B already has been written off by the Paris Club of lender nations.

The Paris Club agreement provides for an 80% waive of the money owed by Iraq and a rescheduling of the remaining 20%.

http://www.iraqdirectory.com/DisplayNews.aspx?id=3720

Iraqi economists expect positive results on the economy
(Voice of Iraq) - 05-05-2007

Iraqi economists expect a positive outcome to the Iraqi economy after the Sharm el-Sheikh
Dargham of Muhammad Ali
Baghdad - (Voices of Iraq)

A number of economists expect the Iraqis today, Saturday, that reflected the outcomes of the Sharm El-Sheikh on Iraq, which concluded yesterday positively on the performance of the Iraqi economy and the strengthening of Iraq's contribution to the World Trade Organization along with the interest that would accrue on the Iraqi people.

He stipulated that accompany some of these decisions reflect the performance of government distinctive banking activities and investment projects which will benefit the people of Iraq.

Held in Sharm El-Sheikh conference last Thursday at which the International launch a document identifying the name of assistance that could be provided by the international community for Iraq and to rebuild the economic and military institutions, and followed by the conference of Iraqi neighboring states along with Egypt and Bahrain and the Group of Eight major powers and permanent members of the Security and the United Nations and the Islamic Conference and the Arab League yesterday, Friday, to provide support for the Iraqi government.

Announced some creditor nations to write off their loans during the implications of Iraq, the other states reduce this debt, while the value of aid announced by the donor states five billion dollars.

He said Samir Zeidan, and economic expert group within the Agency for International Development in Iraq News Agency (Voices of Iraq) Independent today, "Iraqi debt reduction this form large will reduce the burden on the Iraqi economy, which would enable Iraq to return to normal in the international community faster and enhance its contribution to the World international trade as an active member of the attributes of the resources and potential economic appointed to that. "

He added, "These reductions also will enable Iraq to introduce raw materials to stimulate the industry to contribute stalled in the wheel of development, the transformation of Iraq from a country approved primarily on oil resources is a multi-industrial base by the aggressor."

Meanwhile, Zahid Jihad, the economic expert and media "debt reductions by the State of Iraq, particularly Saudi Arabia, would benefit the Iraqi people can be substantially reduced if the government performance was distinguished technocratic nature."

He said that "the first reflection of the debt reduction will be on performance of the government with regard to banking performance."

He explained that "the Iraqi banking activities in international forums currently stalled because of this debt, and creditors have the right to arrest any Iraqi government outside the capital of Iraq, such as banks, Rafidain and Rasheed, or the Iraqi Central Bank in foreign subsidiaries, which forced the government to close all these branches, waning foreign remittances to the Bank Iraqi Trade of the conversion for the benefit of the Iraqi Central Bank transactions were higher than if the government was able to open branches of government banks, and banking performance are complex mechanisms and debt cancellation would lead to the return of the Iraqi banking sector in the world to the developed and resume this activity. "

He stressed that "the government pursue a wise policy in this regard and revitalize the banking sector to contribute to the building of Iraq, as happened renaissance in Malaysia and South Korea, which led advanced banking sectors in the economic rebirth of this country."

He said, "The second part will be on the private sector, which forced the exodus of capital funds to neighboring countries to gain a share of openness to the world, and in the case of debt cancellation and revitalize the banking sector will be open from inside Iraq with the cost difference, which will be more economical inside Iraq."

He continued, "The third aspect is the aspect of investment flourish if it reduced debt and the entry of capital possible through legal mechanisms internationally recognized borders and international guarantees."

Meanwhile, the economic expert and industrial Abdul Razak told the trouble (Voices of Iraq) that "debt cancellation or relief rid Iraq of paying interest on the bills had not impeded by the wheel of sustainable development."

He added, "Iraq now could lead to the development beyond the range of indebtedness lighter and get balance in the balance of imports with the budget allocations investment for the future to create better opportunities for Iraq to emerge from the economic crisis experienced by the service."

He said that "international commitments to support security in Iraq if it impacted on the real security reality, it will push forward the wheel of investment and create a climate of security to the foreign investor and local building projects without huge margin risk."
H M


Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

Originally Posted by Lunar

Iraq's FinMin: Bulgaria, Slovenia, Poland Agreed to Waive 80% of Debt
Sofia News Agency - [04/05/2007]

Iraq's finance minister has announced that three Eastern European countries - Bulgaria, Slovenia and Poland have agreed to write off 80% of the Iraqi debt.

The debts were run up mostly during former leader Saddam Hussein's war against Iran in the 1980s, said Minister Bayan Jabr.

Earlier in the day, as an international gathering on the country's future opened, Iraqi Prime Minister Nouri al-Maliki called on all countries to forgive Iraq's foreign debts.

"We are calling on all our friends participating in the conference to write off Iraq's debts," Nuri al-Maliki said at the opening of an international conference on Iraq in the Egyptian resort city of Sharm el-Sheikh. Bulgaria is represented at the conference by Foreign Minister Ivaylo Kalfin.

Nuri al-Maliki said it will make it possible for Iraq to start implementing large-scale construction projects and plans to restore the country's infrastructure.

Al-Maliki thanked the countries that had already written off his country's debt. "Our nation will not forget their kindness," he said.

Iraq owes some USD 50 B, notably to Saudi Arabia, Kuwait, Russia and China, according to Iraq's Finance Minister Bayan Jabr.

It owes USD 1.7 B to Bulgaria.

Another USD 100 B already has been written off by the Paris Club of lender nations.

The Paris Club agreement provides for an 80% waive of the money owed by Iraq and a rescheduling of the remaining 20%.

http://www.iraqdirectory.com/DisplayNews.aspx?id=3720

I am sure after Yesterday and Today's meetings on debt, that CBI has that calculator running the numbers. Glad to see so many Countries fallowing thru with their intent. This in return will help Iraq do the same.....

Originally Posted by neno

I am sure after Yesterday and Today's meetings on debt, that CBI has that calculator running the numbers. Glad to see so many Countries fallowing thru with their intent. This in return will help Iraq do the same.....

I'll help them if they want. lol

Originally Posted by neno

I am sure after Yesterday and Today's meetings on debt, that CBI has that calculator running the numbers. Glad to see so many Countries fallowing thru with their intent. This in return will help Iraq do the same.....

Hey Neno....it's adding up for sure.

Originally Posted by Lunar

Iraqi economists expect positive results on the economy
(Voice of Iraq) - 05-05-2007

Iraqi economists expect a positive outcome to the Iraqi economy after the Sharm el-Sheikh
Dargham of Muhammad Ali
Baghdad - (Voices of Iraq)

A number of economists expect the Iraqis today, Saturday, that reflected the outcomes of the Sharm El-Sheikh on Iraq, which concluded yesterday positively on the performance of the Iraqi economy and the strengthening of Iraq's contribution to the World Trade Organization along with the interest that would accrue on the Iraqi people.

He stipulated that accompany some of these decisions reflect the performance of government distinctive banking activities and investment projects which will benefit the people of Iraq.

Held in Sharm El-Sheikh conference last Thursday at which the International launch a document identifying the name of assistance that could be provided by the international community for Iraq and to rebuild the economic and military institutions, and followed by the conference of Iraqi neighboring states along with Egypt and Bahrain and the Group of Eight major powers and permanent members of the Security and the United Nations and the Islamic Conference and the Arab League yesterday, Friday, to provide support for the Iraqi government.

Announced some creditor nations to write off their loans during the implications of Iraq, the other states reduce this debt, while the value of aid announced by the donor states five billion dollars.

He said Samir Zeidan, and economic expert group within the Agency for International Development in Iraq News Agency (Voices of Iraq) Independent today, "Iraqi debt reduction this form large will reduce the burden on the Iraqi economy, which would enable Iraq to return to normal in the international community faster and enhance its contribution to the World international trade as an active member of the attributes of the resources and potential economic appointed to that. "

He added, "These reductions also will enable Iraq to introduce raw materials to stimulate the industry to contribute stalled in the wheel of development, the transformation of Iraq from a country approved primarily on oil resources is a multi-industrial base by the aggressor."

Meanwhile, Zahid Jihad, the economic expert and media "debt reductions by the State of Iraq, particularly Saudi Arabia, would benefit the Iraqi people can be substantially reduced if the government performance was distinguished technocratic nature."

He said that "the first reflection of the debt reduction will be on performance of the government with regard to banking performance."

He explained that "the Iraqi banking activities in international forums currently stalled because of this debt, and creditors have the right to arrest any Iraqi government outside the capital of Iraq, such as banks, Rafidain and Rasheed, or the Iraqi Central Bank in foreign subsidiaries, which forced the government to close all these branches, waning foreign remittances to the Bank Iraqi Trade of the conversion for the benefit of the Iraqi Central Bank transactions were higher than if the government was able to open branches of government banks, and banking performance are complex mechanisms and debt cancellation would lead to the return of the Iraqi banking sector in the world to the developed and resume this activity. "

He stressed that "the government pursue a wise policy in this regard and revitalize the banking sector to contribute to the building of Iraq, as happened renaissance in Malaysia and South Korea, which led advanced banking sectors in the economic rebirth of this country."

He said, "The second part will be on the private sector, which forced the exodus of capital funds to neighboring countries to gain a share of openness to the world, and in the case of debt cancellation and revitalize the banking sector will be open from inside Iraq with the cost difference, which will be more economical inside Iraq."

He continued, "The third aspect is the aspect of investment flourish if it reduced debt and the entry of capital possible through legal mechanisms internationally recognized borders and international guarantees."

Meanwhile, the economic expert and industrial Abdul Razak told the trouble (Voices of Iraq) that "debt cancellation or relief rid Iraq of paying interest on the bills had not impeded by the wheel of sustainable development."

He added, "Iraq now could lead to the development beyond the range of indebtedness lighter and get balance in the balance of imports with the budget allocations investment for the future to create better opportunities for Iraq to emerge from the economic crisis experienced by the service."

He said that "international commitments to support security in Iraq if it impacted on the real security reality, it will push forward the wheel of investment and create a climate of security to the foreign investor and local building projects without huge margin risk."
H M


Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

Wow!!! This should set everyone on fire. Thanks Again Lunar for a great Article......

Originally Posted by Lunar

Hey Neno....it's adding up for sure.

Been a Wide One..............

Originally Posted by wciappetta

I'll help them if they want. lol

Originally Posted by Lunar

The fourth international exhibition for the reconstruction of Iraq based on next Monday in Jordan
Source : Middle East-05 / 05 / 2007

The participation of more than 700 companies from 40 countries

Witness the fourth international exhibition for the reconstruction of Iraq to be held in the period between 10-7 May (May 5) in the Jordanian capital Amman, where large turnout internationally involved more than 700 companies from 40 countries in addition to the 300 global brands, as a rule to go to the Iraqi market, Jordanian and meet the requirements of Iraqi businessmen and Jordanians It is the neighboring countries.

The exhibition will be held by the group organized by the International Exhibition and the Riyadh Exhibition Company Ltd. Square in Amman for exhibitions that has been developed specifically to the area of more than 100 thousand square meters on the side of the road to the airport Club Dions Amman, where they were processing 24 thousand square meters of buildings of the vast supply of incubation Interior addition to 5 thousands of square meters of the space.

The advantage of this international event since its first session held in Kuwait in 2004 successfully exceptional at various levels, which receive support and care consistently from various organizations and quasi-governmental international and Arab. Participate in the exhibition this year, companies from Austria, Australia, Belgium, Brazil, Bulgaria, France, Germany, Greece, India, Indonesia, Italy, Japan, Korea, Malaysia, the Netherlands, Russia, Spain, Thailand, Turkey and the United States, the United Kingdom, Pakistan, Iraq, Iran, Saudi Arabia, Jordan, the UAE, Kuwait and Lebanon.

And the participating products and solutions and equipmentfor several sectors, notably building and construction, oil and gas, health care, education, information and communication technology, as well as consumer materials and household items. Exhibitors and looks forward to the establishment of international relations in addition to meeting with businessmen and the Jordanian and Iraqi companies and their counterparts from Arab states.

The exhibition is the reconstruction of Iraq 2007 an important occasion for the Iraqi businessmen and the Jordanians and Arabs to identify companies crossbar and sign contracts dealerships, distribution and joint ventures. It is noteworthy that Saudi Arabia is the participation of prominent wing in the exhibition this year with the participation of 35 Saudi companies and factories.

Hummm, Doesn't this sound like the ISX??????