Quote:
Originally Posted by ForceReK0n
Congratulations on your growing family......stay safe!
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Quote:
Originally Posted by ForceReK0n
Congratulations on your growing family......stay safe!
I don't really know you ....But i sure hate to see you go.....Please be safe as you can be......
Hi..
With the phantom no-post of the CBI today or Wednesday, based on your time/date... I looked at the historical data, the button in the middle on the exchange page on the CBI site.. naturally there was no auction, but the recent one is up and where they bought no dollars is blank... historically they always have zeros on the history page or write no auction for the market price when they do not... if anything, it shows that they didn't complete the historical entry date for the previous auction
I doubt this means anything, but it looked irregular to me, and I want the RV real bad.. please move this post if necessary.
Linus
I saw an article in regards to the cost of extraction as well. It was stated the the cost was between .50 and $1...anthing under 4 per barrel is just ludicrus!!!!!! The money that these companies are going to be making is just astounding. Once the RV happens I am looking into the oil companies that are drilling and extracting there!!!!!Quote:
Originally Posted by Seaview
Thanks "D"! Be safe and God bless!:smiley:Quote:
Originally Posted by ForceReK0n
That banker probably saw the rate go from 1270 to 1268 to 1265 to 1264 and thinks that means going down.Quote:
Originally Posted by hero44
Chevron to make record settlement in Iraq oil scandal
Xinhua - [09/05/2007]
Chevron, the second-largest American oil company, is preparing to acknowledge that it should have known kickbacks were being paid to Saddam Hussein on oil it bought from Iraq as part of a defunct United Nations program, New York Times reported Tuesday.
The admission is part of a settlement being negotiated with United States prosecutors and includes fines totaling 25 million to 30 million U.S. dollars, the report quoted the investigators assaying.
The penalty, which is still being negotiated, would be the largest so far in the U.S. in connection with investigations of companies involved in the oil-for-food scandal.
The 64-billion-dollar program was set up in 1996 by the UN Security Council to help ease the effects of UN sanctions on Iraqi civilians after the first gulf war.
Until the American invasion in 2003, the program allowed Saddam's government to export oil to pay for food, medicine and humanitarian goods.
However, the Iraqi government received at least 1.8 billion dollars in kickbacks from companies in the program, according to an investigation completed in 2005 by Paul A. Volcker, the former chairman of the Federal Reserve.
http://www.iraqdirectory.com/DisplayNews.aspx?id=3732
Discounting Experts from the Iraqi Oil Law
Dar Al Hayat - [09/05/2007]
The Iraqi oil law was subjected to unprecedented criticism, questioning and objections. The last burst came from a plenary of experts and spe******ts who participated in the Amman oil experts seminar in Jordan on February 17 to discuss the pros and cons of the law.
Due to the extensive debate surrounding the issue, I decided to limit myself here to reviewing observations on the prevailing conditions that accompanied this law and the reasons that lead to these conditions.
The need for any given law normally stems from constitutional articles defining the law in question. Since a large number of these articles have been shrouded in vagueness, marred by contradictions, and even dominated by a rather outlandish logic that sought to discredit the intentions of the central government, the oil law sought to destabilize and undercut the natural role of the central government and, in some instances, contained proposals in favor of a part like Kurdistan over central Iraq in any future disputes between the interests of the two.
The law also sanctions contracts independently signed by Kurdistan with a number of oil companies in 1992 and guarantees the protection of these agreements against any revisions or substantial future amendments.
Three expert and competent teams deeply involved in the Iraqi oil affairs were initially tasked with preparing the first draft of the law. The aim of these experts was to resolve the constitutional conflicts arising from the mentioned articles, the practical operational requirements of the oil industry, and the need to protect Iraq's oil wealth.
This draft, however, was embroiled in the political arena and brought under the mercy of the wrangling and maneuvering of giant partisan entities, and just like what took place on the drafting of the resolution, pressures were applied and sides were taken, leading to considerable changes in key and central aspects of the decision-making process, which strangely enough took place while excluding the three-party team tasked with preparing the draft law, forcing one of these experts to publicly denounce the outcome of the first draft and the subsequent withdrawal of a second.
Since the law was mainly concerned with managing what is widely believed to be the region's second largest oil wealth, it progressed under the continued US interference and pressure represented by its various symbols of authority, the least of which came from the US envoy to Iraq as evident in the scores of public statements.
The progress toward the ratification of the law, particularly during recent weeks, was marred by unrelenting pressures on all sides aimed at accelerating the legislative process, which led to reducing the time allowed to debate the bill in the cabinet prior its approval to a few hours.
It was also remarkable that all this took place behind closed doors, as nothing related to the law was made available to the public, which would have engaged Non Governmental Organizations in these discussions.
What was even more dangerous was the exclusion of a broad cadre of oil experts who were behind the renaissance witnessed by the oil industry since the 1950s, which earned them the admiration and respect of the international oil circles for more than 40 years, preventing them from having any role in enriching the draft project with their observations and proposals.
Therefore, it would be reasonable to ask: why have more than 100 oil experts - each having spent at least 30, and sometimes even 40, years serving the oil industry in Iraq - been eliminated?
Despite these observations, I fully support Iraq's need for a law that adequately regulates the Iraqi energy sector and rescues it from the state of neglect and deterioration that has been ailing the Iraqi oil sector since the 1980s, and which can protect such wealth from technical abuse and economical pillaging.
The achievement of such patriotic goals calls for deliberation, transparency, and the all-inclusive participation of everyone.
Law number 80, passed in 1960, saved Iraq's oil resources from the greed and the exploitation of international oil monopolies, and was among the most important achievements of the July 14 Revolution. Therefore, we must prevent the return of these monopolies from between the nets of the occupation.
http://www.iraqdirectory.com/DisplayNews.aspx?id=3728
Report: Iraq could produce more oil
Business Week - [09/05/2007]
Oil production in Iraq could double to 4 million barrels a day if violence ends and facilities are modernized, a Colorado energy consulting company says in a forthcoming report.
Ron Mobed, president and chief operating officer of IHS Energy, said Tuesday the study is the first detailed overview of Iraq's oil reserves and production potential since the war began.
The report, expected to be released in the next few weeks, used experts in Iraq to develop its field-by-field analysis, Mobed said. IHS is based in suburban Englewood.
IHS found that Iraq has oil reserves of up to 116 billion barrels, validating previous estimates, Mobed said. It also found there could be up to 100 billion barrels more in the country's western region, which is the epicenter of the country's Sunni Arab dominated insurgency.
The U.S. Geological Survey has estimated the country's additional reserves at 45 billion barrels.
The western region currently has little to no oil and gas production, contributing to fears among Anbar residents that they will be left with little more than date groves and sand while the Kurds and Shiite regions of the north and south divide the vast oil wealth.
The IHS estimate on the potential reserves in that region are based on four wells drilled in the area in 2002 and 2003 by Syria's national oil company in conjunction with Iraqis. It also factored in research on the area's geological structures and formations.
Mobed acknowledged it wasn't a firm figure.
"There's going to be a big error bar on this," he said.
Not counting Canada and Venezuela's vast bitumen deposits, Iraq currently has the world's third largest oil reserves.
But years of neglect have resulted in shut-ins in oil fields, significantly reducing their output. That reduction has been magnified by repeated insurgent attacks on the country's vast oil infrastructure, including pipelines and refineries.
If companies felt safe sending workers to Iraq and investing money there, Iraq could again match or exceed production levels it had before the first Gulf war, Mobed said.
Before the U.S.-led invasion of Iraq, the country was producing 2.5 million to 3 million barrels per day, a level that has since tapered off to about 2 million barrels per day.
The report will not deal with the political problems in Iraq or speculate on when the situation may improve, Mobed said.
"When the time comes for people to feel sufficiently comfortable to make investments there, that's when the clock starts on achieving those production numbers," he said.
The IHS report said most of the current production comes from the south because facilities in the north are subject to sabotage attacks.
Discounting such attacks, however, most of the oil exports are generally routed through the south -- where pipeline capacity is much greater -- and loaded on to tankers. The northern route, which links the fields of Kirkuk to Ceyhan, in Turkey, has a significantly smaller capacity.
The map-based report, originally set to be released Wednesday, was delayed so new information could be added. Mobed said that wouldn't change production estimates included in an overview released to the public.
A version of the report that does not include the production estimates will be sold to energy companies.
The report is being completed as the Iraqi government works on legislation that is expected to allow energy companies to sign contracts to explore the country's untapped oil reserves.
Because of the war, major Western firms still expected to wait five years or more before actually beginning large-scale production.
Some analysts think China, hungry for energy to fuel its rapidly growing economy, will be more willing to take security risks to develop Iraq's oil.
http://www.iraqdirectory.com/DisplayNews.aspx?id=3733
We'll be praying for you and your family. Stay safe and we'll be seeing you in the Caymans!!!!!Quote:
Originally Posted by ForceReK0n
Iraq takes steps to settle YTL 2 bln debt with Turkish CB
Today's Zaman - [09/05/2007]
The Iraqi government has taken a constructive step in efforts to settle its YTL 2 billion ($1.5 billion) in debt to Turkey's Central Bank, nominating US accounting and consulting firm Ernst & Young to negotiate its amount outstanding with the Turkish Treasury. As the central bank's biggest partner, the Treasury is dealing with the collection problem in the name of the bank and has also enlisted the help of the UN towards this goal.
The debt began accumulating before the US invaded Iraq in 1991. In accordance with commercial agreements between the two countries before the first Gulf war, the Turkish Central Bank was proceeding with payments to Turkish exporters and contractors that do business in Iraq. The funds expended were later collected from the Iraqi government. The system was working smoothly until it broke down after the US invaded Iraq 16 years ago. Iraq has been unable to pay the remaining debt since then due to internal disorder created after the war.
The central banks latest activity report for 2006 once more included the amount owing from Iraq in its bad and irrecoverable debts item. Of the banks YTL 2 billion in receivables, YTL 1.83 billion stems from notes, while the remainder originates from uncollected loans that resulted from the central bank providing funds for Enka Construction for the Bekhme Dam project that the Iraqi government couldnt cover. The amount of this loan was YTL 130.12 million.
The Iraqis debt to the Turkish Central Bank is equal to 31 percent of the banks annual expenditures. The central banks spending climbed to YTL 6.25 billion in 2006, a 52.6 percent increase from YTL 4.1 billion in 2005. Interest payments, as an item of expenditure, were YTL 3.63 billion, whereas non-interest expenditures were YTL 2.24 billion.
Payroll expenses amounted to YTL 270 million, and the other spending was YTL 107.42 million. Although the bank is making allowances to hedge the risk for bad debts, it has not made any provision for receivables from Iraq since 2002, when it adopted international accounting standards.
Iraq owes $900 million to BOTAق,
The state-owned Turkish Pipeline Company (BOTAق) is also owed a significant sum by Iraq, totaling as much as $900 million. This debt stems from transportation costs through the Kirkuk-Yumurtalk oil pipeline.
BOTAق officials say they are waiting for the Iraqi government to settle its debt with the government since there is no appropriate authority to deal with the problem. They claim that the current situation of BOTAق, which is in serious financial trouble due to uncollected receivables from its domestic customers, the biggest of which is the Ankara Metropolitan Municipality, will be alleviated if they can obtain the money owing from Iraq.
http://www.iraqdirectory.com/DisplayNews.aspx?id=3734
Iraq reconstruction may cost $300 billion
Press TV - [09/05/2007]
An Iraqi lawmaker has urged foreign firms attending an international reconstruction fair in Jordan to help rebuild his battered country.
"Iraq needs more than 300 billion dollars for reconstruction in all fields -- oil, economy, industry, agriculture, infrastructure," said Yunadem Kanna, a member of Iraq's parliamentary commission on the economy, investment and reconstruction.
"Iraq is a huge market that needs expertise and technology in order to take its seat among world countries," he said at the opening of the 4th Rebuild Iraq international trade fair which lasts through Thursday.
"There are security problems but we have safe areas in the north and the south, and there is an investment law that gives foreign firms many benefits," he said.
More than 700 Arab companies and foreign firms from Iran, China, Egypt, France, Germany, Italy, Japan, Russia and Saudi Arabia are at the fair.
Observers believe Iraq has great potential because of its abundant oil and gas resources.
Last week the leaders of more than 50 countries agreed at an international conference at Sharm al-Sheikh to fund Iraq's reconstruction if the embattled nation meets certain economic benchmarks.
http://www.iraqdirectory.com/DisplayNews.aspx?id=3730
The House voted unanimously to file a lawsuit against Al-Jazeera for Ttaulha lieu of the religious authority and raise sectarian violence in Iraq
10.05.07
The House of Representatives adopted a draft resolution to the Iraqi file a lawsuit against Al-Jazeera country Ttaulha replacing the reference to the religious and sectarian sedition in Iraq has voted unanimously on the draft resolution which obliges the government to file a lawsuit against Al-Jazeera, which aired last week submitted a prolonged program Ahmad Mansour to the Holy Shrine of Imam Sistani and Mr. considered members of the House to assaulting came before Al-Jazeera and not, as alleged by former guests and this means that the channel aimed at disunity among Iraqis and spark civil war.
وکالة الفرات العراقية للانباء
If you do end up going hopefully you won't have to stay long. :beer:Quote:
Originally Posted by ForceReK0n
Stay Safe BroQuote:
Originally Posted by ForceReK0n
Quote:
Originally Posted by ForceReK0n
Stay safe, like many have said before me, we'll keep you in our prayers, AND we'll see you on the beach after the reval!!!:woohoo: :drinkbudd :banana: :leader:
i might not always agree with what our president says or does....but i will always support our troops over seas....best of luck for a quick and safe return home.....our prayers are with u...stay safe....PatQuote:
Originally Posted by ForceReK0n
12 foreign investor arriving Iraq today coming from Vienna
Iraq arrived today to more than 12 investor acts by direct flights from Vienna to look closely at the many opportunities available to the work site.
".A government statement received by Agence (eye) copy of the briefing that "Kurdish Minister of Finance and Deputy Undersecretary of Defense for the transfer of business and director of the tasks to support the business and established operations in Iraq and Mr. Powell Bernclai they hold a joint press conference in Arbil International Airport upon the arrival of the executive directors."
The statement continued, "the international business week in which he toured areas in northern Iraq to develop working relationships and meet with factory managers."
12
Cheers!
DayDream
The 10 May date for the current pay of retired workers
The Service Retirement and Social Security of the Ministry of Labor and Social Affairs, on Thursday, May 10, 2007 date for the pay of retired workers through post offices for a monthly Baghdad March and April.
An official source in the ministry told the media (eye), "The Trial tables (?)completed procedures for the allocation of the salaries of retired workers."
Adding that "retired service, which has more than 25 years received (220) thousand dinars and retired, who served less than 25 received (170) thousand dinars, (140) thousand dinars similarity deceased pensioner consisting of a single individual."
The same source said that "all retirees who receive their salaries from the Post Office (faraniyah) Audit Service for the purpose of altering their identities Pension another new and old after receiving salary This includes the resolution (14.519) retired workers in Baghdad and other governorates, including (8.943) factor in the Baghdad governorate."
10
I know I have seen articles before about the checks being disbursed, but I don't think I have seen the amounts.
Cheers!
DayDream
Can some please elaborate on this topic below. As I'm not sure it has to do with our dinar in Iraq. I thought I would post it as it was an interesting read.
Does this have anything to do with our dinar currency that we are holding or Iraq govt economic policy with their banking system as well ?
******************
Speculation disengagement denied formal banking and movementsGMT 7:15:00 2007 الأربعاء 9 مايو7:15:00 2007 GMT Wednesday, May 9
قبول الهاجريAdmission Hajri
Speculation disengagement denied formal banking and movements
Acceptance of the Riyadh al-Hajiri
Mohamed Algasir deputy governor of the Saudi Arabian Monetary that the six Gulf Cooperation Council did not discuss linking currencies, the dollar at its meeting in April last year. Algasir creatively meet with "Reuters" yesterday, Sunday, said that there was no need for a tightening of monetary policy for the country and that his work linking the dollar benefit, which represents the largest economy the economy in the Gulf region. but he returned to emphasize once again that it will take the necessary action in case of need disengagement riyal and the dollar would be announced at the right time.
Algasir pointed out that monetary policy would continue to be tied to the dollar, while launching the new monetary unit the Gulf and to be raised in 2010. The Algasir through modern context that the survival of the riyal tied to the dollar currently is in the interest of the economy "because it serves our interests well. As long as present conditions prevail, we have no reason or interest in what reason for change "
This reduced the impact of Algasir correlation riyal dollar in a time when the dollar record lows against the euro increased the cost of EU imports some Gulf states, which led to high inflation. He continued : "But in the case of Saudi Arabia, the dollar represents a natural precaution sense that exports are denominated in dollars and more than 70% the imports in dollar terms, and therefore the impact is not great. "
The busy economic arena Gulf months ago Gulf unified currency issue requires DISENGAGING currencies of the Gulf States dollar prelude to the emergence of a common currency might be linked to a new basket of currencies. Ammar some of the Gulf states early on that step, such as Kuwait, the UAE, but the case different in Saudi Arabia, the most influential economies in the region. Despite the emergence denied Saudi Monetary Institution of this matter but that denials issued late 2006, has lost its relevance now due to return, this time accompanied by speculation bank moves to buy riyal ready to step outlook. The information obtained by the "Ilaf" of their own, that one of the major Saudi banks had completed the purchase of the equivalent of 1 billion Saudi riyals for the wallet investment in anticipation of the rise in the value of the riyal against the dollar.
A number of economic observers two bays tried to influence their leaders to change the monetary exchange rate of currencies against the dollar, but the CBA. More than one official in the Gulf states, stressed that his country's intention to change exchange rates against the dollar.
In return stability of Saudi riyal exchange rate to the dollar in 1986, which had been Accordingly assessment of exports and imports in dollars. It should be noted that the riyal fully covered foreign exchange reserves, and Saudi reserves of foreign exchange source of oil revenues.
In spite of safety achieved by the fixed exchange rate of the Saudi riyal against the dollar, but the claims were renewed by the Saudi economists of liberation even partial restrictions dollar, and more about the Saudi economists is imported inflation resulting from the exchange rates of other major currencies against the dollar, which negatively affect activity Economic output and Saudi national, as a result of an increase in the prices of imported consumer goods and paid major currencies other than the dollar.
Economic expert Muhammad Al-Angari told "Ilaf" that the Saudi riyal exchange rate fixed against the dollar at the rate of 3.75 riyals per dollar since 1986 and so far has achieved this political cash considerable success in stabilizing the riyal exchange markets and shielded from the vagaries of markets and the effects of reduced speculation in the riyal , it is intended to speculation on the riyal to influence the price it would affect the dollar first. But different scene today in the relationship between the Saudi riyal and the dollar if the increased money supply and increased government spending have contributed to raise the rate of inflation, the impact of the decline witnessed by the dollar against the currencies global negative impact lifting the inflation rate , which is expected to arrive this year to 2.8%, according to some reports issued recently.
He continued that Al-Angari imported inflation resulting from the import two thirds of its needs from Saudi Arabia, Europe and Japan, the dollar decline against the currencies of those countries - the euro and the yen-led successively to the low value of the riyal to these currencies, and thus the prices of those products in the local market. This led to the downsizing of the Individual spending, which led to the decline of economic growth, which would be reflected on the downsizing of the savings to the citizens on the other hand. This is an economic policy which the government began carrying out recently by encouraging companies putting up the capital market contributing to the development of the Saudi citizens and the savings of their active in projects that contribute diversity of sources of income and reducing the proportion of the impact of oil in the country's general budget.
Returning to the economic concerns of inflation resulting from the stability of the riyal exchange rate against the dollar, the exchange rate change or edit riyal partly from the pressure of the dollar and other currencies linked to several concerns, including that linking the euro-currency European standard-risky that the new euro currency needed more time to win the confidence of dealers, that many Salaat of global evaluate dollar deemed the main currency in world markets, that other currencies do not enjoy economic history enjoyed by the dollar.
Claim changes must result from the vision of integrated economic "Thus began Matshar Guide expert and writer on economic Answering questions" Ilaf "Many of the varied opinions in the assessment riyal against the dollar, but that the best solution can be done to mitigate imported inflation is linked to a basket of currencies including the Saudi riyal, so we are liberated from the dollar peg That remains a constant assess the riyal from any future changes in the dollar exchange rate.
Accounting professor at King Saud University, Dr. Mohamed Almgiulie, told "Ilaf" linking riyal dollar has a political dimension beyond the economic dimension, we must not ignore the political side, which makes it politically liberal start and then liberation economically. Perhaps the economic Saudi moves with a number of world countries recently will contribute significantly to the question of reconsidering riyal in linking the dollar.
In press statements to the governor of the Saudi Monetary Institution recently last January confirmed that the association change riyal dollar depends procedures currency Gulf Standard, said, "The Saudi riyal is linked to the dollar now, and there was an agreement with the Gulf states were all a collective decision by linking the dollar in the current framework of preparation for monetary union, denied that there is no intention disengagement with the dollar, given the absence of justification on the matter. He added "there is a commitment among the founders of the Gulf States to maintain this policy until the establishment of monetary union, which would create a common monetary policy by the official uniform."
Translated version of http://www.elaph.com/
Iraq's Tyranny of the Majority
http://www.cfr.org/content/publicati...iraqiguyAP.jpg In Iraq's parliament, efforts to make legislative progress have not been successful. (AP Images/Ceerwan Aziz, Pool)
May 9, 2007
Prepared by: Lionel Beehner
Iraqi Sunnis are feeling the pinch of what political scientists call tyranny of the majority. Efforts at national reconciliation have stalled (RFE/RL) over a series of constitutional demands made by Sunni leader Tariq al-Hashimi, whose minority party, the Iraq Accord Front, controls forty-four seats in parliament (Sunni Arabs comprise roughly 20 percent of Iraqs population). He has called for a breakup of Iraqs Shiite militias; a reversal of laws preventing former Baath Party members from taking government jobs; stronger constitutional language affirming the sanctity of the Iraqi state to avoid further decentralization; and a hydrocarbons law, explained in this new Backgrounder, which redistributes revenues more equitably. After a pair of meetings with Iraqs president and prime minister, Hashimi appears to have backed away (CNN) from earlier threats to pull his bloc out of parliament if his demands go unmet.
Yet Iraqi leaders are running into political timetables in Washington. A growing number of congressional leaders are calling on the administration to set September as the deadline for Iraq to meet certain benchmarks on security and national reconciliation, a process outlined in this Backgrounder. Hence, the hue and cry over earlier news reports that Iraqs parliamentarians had planned to take two months off this summer for vacation (they will only take one week off). Even still, Iraqi politicians will be hard-pressed to meet the deadlines set to revise the constitution and reach a power-sharing agreement. We need to make people understand our perspective, (NYT) Mowaffak al-Rubaie, Iraqs national security adviser, told reporters on a recent visit to Washington. What are the challenges we are facing, what are the difficulties we are facing. We are not lying and doing nothing.
The latest snag over Sunni rights signals the growing political isolation of Iraqi Prime Minister Nuri al-Maliki. The Fadilah party withdrew from his Shiite bloc in March and several members of influential Shiite cleric Muqtada al-Sadrs bloc pulled out of parliament in April. Some experts say if the Kurdswhose demands on Kirkuk and an oil law favorable to the regions are creating divisions within Baghdadwere to withdraw their support, that might spell the end of Malikis coalition. If any further deputies were to desert him, it is hard to see how al-Maliki could win a vote of no confidence, writes Middle East expert Juan Cole on his blog. Both inside and outside Iraq, calls for new leadership are amplifying, with the usual suspects being mentioned: Adil Abdul Mahdi, a prominent Shiite politician, and Ayad Allawi, a secular Shiite who was interim prime minister in 2004.
Vice President Dick Cheney, on a weeklong visit to the Middle East, met with Maliki on May 9, reaffirmed his support for the prime minister, and discussed issues of security and domestic political matters. While the political factions try to sort out their differences, security remains the top issue on the minds of most Iraqis, according to a new ABC News poll and analysis by the Center for Strategic and International Studies.
Iraq's Tyranny of the Majority - Council on Foreign Relations
Cheers!
DayDream
220,000 dinars after 25 years of working for retirement? Is that what this says? 220,00 dinars isnt hardly any money at allQuote:
Originally Posted by DayDream
You read correctly! Equivalent of approx. $175-$180Quote:
Originally Posted by bluedangle
Cheers!
DayDream
Analysts : American currency fluctuation caused losses of billions of dollars of oil revenues Gulf
تمت إضافة الخبر بتاريخ 9-5-2007, 21:35Added news on 5-9-2007 21:35
محللون: تذبذب العملة الأميركية يلحق خسائر بمليارات الدولارات بإيرادات النفط الخليجية
Analysts : American currency fluctuation caused losses of billions of dollars of oil revenues Gulf
واع - اقتصاد - فراس حماد
WAI-economy-Hammad Firas
أدى الهبوط الدراماتيكي للدولار أمام العملات الرئيسية وخاصة اليورو والين بنحو الثلث خلال الفترة القريبة الماضية الى الحاق خسائر كبيرة بايرادات دول الخليج الاعضاء في اوبك من صادراتها النفطية المقومة بالدولار الاميركي.
The dramatic decline of the dollar against major currencies, particularly the euro and the yen by about one third in the recent past to cause great losses to income Gulf member of OPEC's oil exports denominated in the American dollar.
وذكر محللون ان ارتباط اسعار النفط بالعملة الاميركية يلقي بظلاله السلبية حاليا على ايرادات دول من الصادرات النفطية فضلا عن انعكاساته على ارتفاع تكاليف المعيشة في دول المنطقة بتأثير التضخم.
The analysts link that the American currency oil prices cast a shadow currently negative income countries from oil exports, as well as its implications for the high cost of living in the region influence inflation.وقال محللون ان خسائر دول الخليج الاعضاء في منظمة اوبك وهي السعودية والامارات والكويت وقطر قد تصل الى 90 مليار دولار بنهاية العام الحالي جراء هبوط الدولار للثلث امام سلة العملات الرئيسية التي تضم اليورو والين والجنيه الاسترليني.
And analysts said losses in the Gulf OPEC members, namely Saudi Arabia, the UAE, Kuwait and Qatar had up to 90 billion dollars by the end of this year from a decline of the dollar against the currency basket third major, which includes the euro and the yen and the pound sterling.
وتشير التقديرات الى أن العائدات المتوقعة للدول الخليجية من النفط للعام الحالي تلامس مستوى 325 مليار دولار حسب حصص الانتاج الراهنة (14.8 مليون برميل يوميا للدول الخليجية الاربع الاعضاء في اوبك) وعلى افتراض سعر ثابت طوال 2007 يبلغ 60 دولارا للبرميل.
Estimates indicate that the expected return of the Gulf oil for the current year to address the level of 325 billion dollars according to current production quotas (14.8 million barrels per day of the four members of the Gulf OPEC), and assuming a fixed price for 2007 of 60 dollars per barrel.وتراجع سعر سلة نفوط اوبك للبرميل الى 63.11 دولار للبرميل.
The retreat Nfot OPEC basket price per barrel to 63.11 dollars per barrel.وتعتبر السعودية اكبر منتج للنفط في المنطقة والعالم بمعدل يتراوح حول 10 ملايين برميل يوميا تليها الامارات بمعدل 2.2 مليون برميل يوميا ثم الكويت (مليونا برميل يوميا) وقطر بمعدل 600 الف برميل يوميا.
Saudi Arabia is the largest oil producer in the region and the world at a rate of around 10 million barrels daily, followed by the UAE at 2.2 million barrels per day and Kuwait (million barrels a day) and Qatar rate of 600 thousand barrels per day.واعتبر مصرفي اماراتي ارتفاع اليورو امام الدولار في غير صالح اقتصادات دول الاتحاد الاوروبي التي ستتأثر صادراتها بشكل كبير وتقل قدرتها التنافسية في الاسواق الدولية.
The bank Emirati rising euro against the dollar is not in favor of the economies of EU countries that would be affected exports significantly less competitive in international markets.وتحصل الدول الاوروبية المنضوية تحت مظلة العملة الموحدة على 36% من انتاجها القومي من الصادرات الا ان ارتفاع اليورو امام الدولار سيجعل المنتجات الاوروبية اعلى سعرا في الخارج وبالتالي انخفاض الارباح.
States receive under the umbrella of the European common currency for 36% of national production of exports but the appreciation of the euro against the dollar will make European products more expensive than those abroad and thus lower profits.وترتبط معظم دول مجلس التعاون الخليجي بعلاقات اقتصادية قوية مع دول الاتحاد الاوروبي حيث بلغ حجم التجارة بين الطرفين نحو 58.5 مليار يورو نهاية عام 2001 منها حوالي 40.88 مليار يورو مستوردات خليجية من هذه الدول.
Associated most GCC countries strong economic relations with the EU as the volume of trade between the two sides towards the end of 58.5 billion euros in 2001, including about 40.88 billion euros and imports from the Gulf States.وتقدر الاعباء المالية الاضافية لدول التعاون التي ستتحملها جراء الاستيراد من دول الاتحاد الاوروبي بحوالي 6.1 مليار يورو خاصة اذا لم تستطع دول التعاون تخفيض حجم مستورداتها من دول الاتحاد الاوروبي او استبدالها من اسواق خارجية اخرى.
The estimated additional financial burden to be borne by the Gulf Cooperation by imports from the EU at 6.1 billion euros, particularly if they are unable to reduce the size of Gulf Cooperation imports from the EU or replacement of other foreign markets.
ويقول اقتصاديون ان هبوطا فى سعر الدولار يعني في واقع الامر هبوطا مماثلا في القيمة الشرائية لايرادات النفط الخليجية عند تقييمها او تحويلها لعملات عالمية اخرى.
Economists say that the decline in the dollar means, in fact, a similar decline in the value of oil revenues in Gulf evaluated or converted to other global currencies.ويرى هؤلاء ان ايرادات النفط تشكل الجزء الاكبر من الايرادات الحكومية في دول المنطقة وان القيمة الشرائية لهذه الايرادات تعتمد على حظوظ العملة الاميركية التي على اساسها يجري تسعير مبيعات النفط الخام.
They argue that oil revenues accounted for the bulk of government revenues in the region and that the purchasing value of this income depends on the chances of the American currency on the basis of which are priced crude oil sales.
ويشعر سكان الخليج من مواطنين واجانب على حد سواء بتأثير انخفاض العملة الاميركية على تكاليف المعيشة التي ارتفعت بوتائر قياسية على مدى السنوات الاربع او الخمس الماضية.
The entire population of the Gulf of citizens and aliens alike impact on the American currency lower living costs, which rose separating record over the past four or five years.وفيما تحجم حكومات المنطقة عن كشف ارقام التضخم الحقيقية، يرى مصرفيون ان معدلات التضخم في معظم دول المنطقة تسجل مستويات غير مسبوقة متأثرة بصورة اساسية بارتفاع اسعار السكن والعقارات وارتفاع اسعار الواردات المقيمة بالدولار.
With reluctant governments of the region to discover the real inflation figures, the bankers said inflation rates in most countries of the region recorded unprecedented levels influenced mainly by rising prices of real estate and housing and the high dollar-denominated import prices.وفيما نادى نشطاء ومسؤولون في المنطقة بفك ارتباط العملات الخليجية بالدولار وربطها بسلة عملات او اتخاذ أية آلية اخرى كالتعويم، فقد ابقى محافظو البنوك المركزية الخليجية على هذه السياسة في اجتماعهم الاخير بالمدينة المنورة في السعودية الشهر الماضي.
With club officials and activists in the region divorcing the Gulf currencies, the dollar and linked to a basket of currencies or to take any other mechanism Kaltaouim, has been retained Gulf central bank governors of this policy at their last city Medina, in Saudi Arabia last month.ويقول خبراء ان أسباب ربط العملات الخليجية بالدولار واضحة وبسيطة، فالولايات المتحدة من أكبر الشركاء التجاريين لمنطقة الخليج، ويجري تداول النفط وهو شريان حياة المنطقة بالدولار عالميا، كما ان الحكومات الخليجية تجمع ايراداتها وتنفقها بالدولار.
And experts say that the reasons for linking the Gulf currencies, the dollar, clear and simple, the United States of the largest trading partners of the Gulf region, and circulation is the lifeblood oil region dollar globally, and the governments of the Gulf states combine their revenues and dollar spent.كما تشمل هذه الاسباب ان الجانب الاكبر من أصول القطاع العام في منطقة الخليج وقيمتها 1.5 تريليون دولار مقومة بالدولار، اضافة الى أن طفرة سوق المشاريع يدعمها اقراض بالدولار.
It also includes these reasons that the bulk of the assets of the public sector in the Gulf region and the value of $ 1.5 trillion in dollar terms, in addition to the surge of projects supported by the lending market dollar.وترى الدول الخليجية ان ربط عملاتها بالدولار يساعد على استقرار ايراداتها من الصادرات.
The Gulf states to link their currencies to the dollar, helping to stabilize the export earnings.ويقول ستيف برايس رئيس الابحاث الاقليمية في بنك ستاندرد تشارترد لكن هذا صحيح فقط في حالة استقرار أسعار النفط، وهو ما يخالف الواقع لان سوق النفط متقلبة بشكل كبير.
Steve Price says the regional head of research at Standard Chartered Bank But this is true only in the case of the stability of oil prices, something that violates the fact that the volatile oil market significantly.وآثار كل تحرك في سعر الدولار تنتقل مباشرة الى اقتصادات المنطقة خاصة مع غياب آلية سعر الصرف المرنة والتي تعمل كمنطقة عازلة لامتصاص الصدمات والهزات.
The effects of every move in the dollar to move directly to the region's economies especially with the absence of a flexible exchange rate mechanism, which is operated as a buffer to absorb shocks and tremors .وارجع تقرير رسمي حديث في الكويت ارتفاع معدل التضخم في الدولة الى ربط الدينار بالدولار ما يعزز وجهة النظر المطالبة برفع قيمة العملة بعد ضغوط على السوق استمرت أسابيع.
The official report attributed the recent rise in Kuwait inflation rate in the State linking the dinar to the dollar strengthens viewpoint calling for lifting the value of the currency after pressure on the market lasted weeks.
وقال التقرير ان هذا التطور في اسعار السلع في السوق الكويتي في الاونة الاخيرة يرجع الى عدة اسباب اهمها فروقات اسعار صرف الدينار الكويتي امام العملات الاجنبية مثل اليورو والجنيه الاسترليني والين الياباني التي شهدت ارتفاعا في قيمتها امام الدينار الكويتي الذي تم ربطه بالدولار الاميركي خلال السنوات القليلة الماضية.
The report said that this development in the prices of goods in the Kuwaiti market in recent times due to several reasons, the most important differences Kuwaiti dinar exchange rate against foreign currencies such as the euro, pound sterling and the Japanese yen, which saw a rise in value against the Kuwaiti dinar, which has been linked to the American dollar during the past few years.وتتصاعد في المنطقة اصوات تتساءل عن جدوى هذا الربط واللجوء بدلا عن ذلك الى اعتماد سلة عملات مشتركة تشمل ايضا اليوان الصيني.
Escalate in the region voices questioning the feasibility of such a link, rather than resort to the adoption of a common basket of currencies also include the Chinese yuan.وتوقع الرئيس التنفيذي لمركز دبي المالي العالمي أن تتحول معظم اقتصادات الخليج عن ربط عملاتها بالدولار الاميركي متجهة الى عملات أخرى بما في ذلك اليوان الصيني.
He expected the Executive Chairman of Dubai world financial center to turn most of the Gulf economies to link their currencies to the American dollar, heading to other currencies, including the Chinese yuan.
واتفقت دول مجلس التعاون الخليجي على تدشين عملة موحدة بحلول عام 2010 لكن عمان قالت اواخر العام الماضي انها لن تنضم الى العملة الموحدة بحلول ذلك الموعد.
It agreed the GCC states agreed to launch a common currency by 2010 but Amman said late last year that it would not join the single currency by that date.كما اثارت البحرين الشكوك بانضمامها بسبب قرب الموعد المقرر.
Bahrain also raised doubts joining because of their proximity to the scheduled date.واتجهت الامارات الى تحويل جزء من احتياطياتها الدولارية الى اليورو منذ العام الماضي عندما قال البنك المركزي انه يعتزم تحويل 10% من هذه الاحتياطيات لليورو.
Rather Emirates to convert part of their dollar reserves into euros since last year when he said that the central bank intends to convert 10% of these reserves to euros.وفي الامارات بدأت تكاليف المعيشة بالارتفاع بصورة لافتة منذ العام 2003 مع بدء مسيرة تراجع سعر صرف الدولار امام اليورو ما انعكس على تكلفة الواردات لدولة الإمارات.
In the United started living costs rise more remarkable since the year 2003 with the start of the march retreat dollar exchange rate against the euro was reflected on the cost of imports to the United Arab Emirates.
ومع ارتفاع سعر صرف اليورو مقابل الدولار بصورة ملموسة، ساءت الأحوال، نظرا لاعتماد الإمارات بصورة كثيفة في استيرادها على أوروبا.
With the rising euro exchange rate against the dollar significantly, conditions worsened due to the adoption of more intensive in the UAE imported to Europe.وقد ارتفعت أسعار بعض السلع الاستهلاكية المستوردة تحديدا بصورة كبيرة.
The prices of some imported consumer goods specifically to a great extent.كذلك تشير حركة المكونات المختلفة داخل مؤشر أسعار المستهلكين إلى التأثير الخارجي على الأسعار داخل الإمارات.
Also, the movement of the various components within the consumer price index to external influence on prices in the UAE.وأدى ارتفاع أسعار النفط الى توافر السيولة، والتي أدت بدورها إلى نمو الاستثمار وارتفاع أسعار الأصول في قطاع العقارات في الوقت الذي ارتفعت فيه أسعار الوقود والمتطلبات المنزلية والخدمات الاساسية كالرعاية الصحية والتعليم والترفيه بصورة ملموسة، مما دفع بتكاليف المعيشة إلى مستويات أعلى.
The rise in oil prices to the availability of liquidity, which in turn led to investment growth and rising asset prices in the real estate sector at a time when fuel prices rose and domestic requirements and basic services such as health care, education and recreation in concrete, causing the cost of living to higher levels.
Sheesh gimme a break, I spend that much a day sometimes, stuff like this just makes me more confident that the RV is on top of us just waiting to spring!Quote:
Originally Posted by DayDream
WELL THEY FINALLY UPDATED AUCTION RESULTS FOR WEDS. MAY 9TH!!
Announcement No.(920)
D.G. of Foreign Exchange ControlThe 920 daily currency auction was held in the Central Bank of Iraq day Wednesday 2007/5/9 so the results were as follows :Details NotesNumber of banks15-----Auction price selling dinar / US $1263-----Auction price buying dinar / US $-----------Amount sold at auction price (US $)59.655.000-----Amount purchased at Auction price (US $) ------ Total offers for buying (US $)59.655.000-----Total offers for selling (US $)-----------
Cheers!
DayDream
Uh, I think he means roulette DD. There is no 36 in craps as the highest number that can be acheived on a pair of dice is 12....Quote:
Originally Posted by DinarDarling
:ro_emote:
Interview: Iraq Kurd leader on oil law
By BEN LANDO
WASHINGTON, 10 May 2007 (UPI)
To Iraq's Kurdish leadership, the issue of how to apportion the third-largest pools of oil in the world is "a make-or-break deal" for the country as a whole, a top official told United Press International.
"The oil issue for us is a red line. It will signify our participation in Iraq or not," Qubad Talabani, son of Iraqi President Jalal Talabani and the Kurdistan Regional Government's representative to the United States, said in an interview from his Washington office.
The KRG and the central Iraqi government reached a deal in February on the hydrocarbons framework -- though not on other key companion bills -- and a self-imposed deadline of late May seemed possible to meet.
But the Iraqi Oil Ministry, at a meeting it set up last month in Dubai, in the United Arab Emirates, with other Iraqi oil experts and politicians, unveiled the annexes to the hydrocarbons law -- its list distributing control of oil fields between central and KRG control -- and a law re-establishing the Iraq National Oil Co., which Kurdish leadership automatically rejected.
"This sets us back to square one, a point that's unacceptable to us. We're trying to modernize Iraq, build a new Iraq, built on new foundations, new policies. The symbol of this new Iraq will be how it manages its oil infrastructure," Talabani said. "And if people want to revert back to Saddam-era policies of a state-controlled oil sector with no accountability, with no accountability to the Parliament or the people of the country, with no oversight except from by one or two, then I'm sorry, that is not the Iraq that the Kurds bought into. That is not the Iraq that the Kurds would want to be part of."
"If a centralized oil regime is imposed on us, we will not participate in the state of Iraq," Talabani said. "And we have to make it absolutely clear to our friends in Washington, to our brothers in Baghdad, this is a make-or-break deal for Iraq."
He said Iraq needs to embrace the free market and break free from the nationalized mindset. Numerous oil and Iraqi experts as well as key Iraq oil union leaders have told UPI that Iraqis see nationalized oil with pride. And opponents of the oil law also say it gives too much to foreign companies.
The Kurds, however, have little to show from the Saddam Hussein era, aside from persecution, death and little investment in its economy or oil sector. They gained autonomy in 1991 and, governing an autonomous three-province region now, are prospering. Airplanes fly internationally from the airport in Irbil, Iraqi Kurdistan's capital. Violence in the region is relatively nil compared with the rest of the country, though the first major attack in more than four years killed 14 people in Irbil Wednesday. Despite lacking the law, the KRG has signed multiple deals with foreign companies to develop its oil and natural-gas sector.
Iraq only produces about 2 million barrels per day. With investment -- domestic or foreign -- Iraq's 115 billion barrels in reserves could handle much higher output.
Many of the arguments over the law are related to the 2005 constitution. It was written vaguely to garner support. Now there is a dispute as to which oil fields are to be governed by the central government and which by the regions.
Tariq Shafiq, an Iraq oil expert now living in Amman, Jordan, and drafter of the original law last summer, said the Iraq National Oil Co. should be independent of the Oil Ministry, and regions could choose the company's board of directors. (Shafiq has since come out against the law, saying it has been altered too much in negotiations.) He said Iraq needs a central strategy for the best management of the country's oil.
Talabani said the KRG favors an INOC limited in scope and open to foreign investment, and says the current law gives INOC control over 93 percent of Iraq's oil. "This will hamper needed investment," he said.
"It's only by bringing in the biggest and the best from the international community, to partner with, not to steal, but to partner with the Iraqi government, can we develop Iraq's oil accordingly," Talabani said. "And there's a worrying unwillingness to act under a free-market-style concept here. It won't go through. It won't go through the Parliament this way. There will be too many people opposed to it."
Other bills needing to be passed include a reorganization of the Oil Ministry and the revenue-sharing law. Talabani said there were lingering fears Kurds will again be deprived of funds and investment.
"We want to create an automatic payment mechanism where it doesn't rely on the goodwill of the finance minister or the oil minister for the regions to get their fair share," he said.
"Trust is lacking in Iraq, and unfortunately it's been Iraq's miserable history that has created this system, this society that mistrusts each other, which is why something as critical as oil can be a trust-building measure," Talabani said. "By putting in place mechanisms and institutions that can ensure that I will not get robbed again, that my resources will not be used against me again, will eventually over time build my trust."
Interview: Iraq Kurd leader on oil law | Iraq Updates
Kirkuk referendum needed soon, says Iraqi Kurdish leader
10 May 2007 (European Parliament)
"Kurdistan has never been part of the problem, but we are trying to be part of the solution," said Masoud Barzani, President of the Autonomous Kurdish Government in Iraq to the Foreign Affairs Committee on Tuesday. Members of the European Parliament questioned him on minority rights, relations with Turkey and the referendum plans for the contested city of Kirkuk.
"There are two battles going on in Iraq: one against terrorism and one between violent sectarian forces," said President Barzani in his introduction. He underlined that his government was adamant to adhere to the unity of Iraq as long as every party respected the Iraqi Constitution, and argued that "separation of religion and state is necessary" for a functioning Iraqi state.
Kirkuk
On the issue of Kirkuk, a hotly contested multiethnic city in the southern part of the Kurdish region, Jan Wiersma (So******t, Netherlands) asked what guarantees the Kurdish government could give for a free and fair atmosphere for a referendum. Joost Lagendijk (Greens/European Free Alliance, Netherlands) also cited a report by the International Crisis Group (ICG), which argued for a postponement of the referendum citing the danger of bloodshed if a vote were to happen.
Mr Barzani responded that all groups living in Kurdistan will get to vote freely and according to their own conscience in the referendum. He also pointed out that 80% of Iraqis have agreed to the Constitution, and that its Article 140 is the legal basis for dealing with the Kirkuk question. "We need to go ahead with a referendum, as further delays can only destabilise the situation," he said, while warning that "foreign intervention in this issue is unacceptable."
American forces and PKK issues
Jos Ignacio Salafranca (European People's Party-European Democrats, Spain) asked what the President thought of the recent votes in the United States Congress, which called for troops to be withdrawn from Iraq. Mr Barzani responded that a US withdrawal would lead to "a full-fledged civil war in Iraq," and that this would lead "the terrorists to win and transfer their war to Europe and the US."
Finally, Cem zdemir (Greens/European Free Alliance, Germany) asked what the government's contribution had been to talking to Turkey on the question of the PKK (Kurdistan Workers Party), a terrorist organisation. The President responded that "the PKK is a political question that cannot be solved by military means." He said he was ready to cooperate with Turkey and take part in a political solution to the issue.
7 May 2007
Committee on Foreign Affairs
Chair: Jacek Saryusz-Wolski (European People's Party-European Democrats, Poland)
Kirkuk referendum needed soon, says Iraqi Kurdish leader | Iraq Updates
Here you go jsfletcher.Quote:
Originally Posted by jsfletcher
17-10-2006, 09:53 PM
chouchou
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Vietcombank signs deal with Microsof
--------------------------------------------------------------------------------
Vietcombank signs deal with Microsoft
11:52' 17/10/2006 (GMT+7)
VietNamNet Bridge Microsoft yesterday signed an agreement with Vietcombank to supply 4,000 licensing rights to Microsoft's Office 2003 software.
Updates of new Microsoft Office versions will also be included in the agreement that is slated to run for three years.
The deal, signed by FPT Information System (FIS), Microsoft's authorised dealer in Vietnam, is similar to an earlier agreement reached between the Ministry of Finance and Microsoft during Bill Gate's visit to Vietnam in April of this year.
"IT application is critical for all businesses that provides banking services, especially for their preparations in relation to the upcoming WTO membership," said Bank for Foreign Trade of Vietnam (Vietcombank)'s CEO Vu Viet Ngoan.
Ngoan said the agreement also contributes to the government's ongoing efforts to build a healthy investment environment by fighting back at software piracy.
"I applaud Vietcombank's efforts in taking the lead in the business community in Vietnam to sign the agreement" which will ensure the use of genuine and licensed software," said President of Microsoft Southeast Asia Christ Atkinson.
Local authorities earlier this month had found the Hanoi-based Daewoo-Hanel company were using unlicensed softwares valued at VND1bil (US$62,500).
According to the Ministry of Culture and Information, inspectors had checked all computers at the South Korean invested electronic parts maker and found that most of them were illegally installed with pirated softwares.
Pirated softwares found at the plant included Microsoft Windows, Microsoft Office, Microsoft Visual Studio, Autodesk AutoCAD, Corel Draw, ACD See, Lac Viet Dictionary, Symatec Antivirus, Vietkey, WinZip, WinRar and Adobe.
More raids are expected as authorities aim to increase the government's role in protecting intellectual property rights as the country moves toward integration into the global economy.
(Source: Viet Nam News)
Announcement No.(921)
D.G. of Foreign Exchange Control
The 921 daily currency auction was held in the Central Bank of Iraq day Thursday 2007/5/10 so the results were as follows :Notes
Number of banks16-----
Auction price selling dinar / US $1263-----
Auction price buyingdinar / US $1261-----
Amount sold at auction price (US $) 60.475.000-----
Amount purchased at Auction price (US $) 2.000.000
Total offers for buying (US $) 60.475.000-----
Total offers for selling (US $) 2.000.000-----
1. Note that :
The sale price for remittances dinars (1262) / $.
The sale price cash dinars (1274) / $.
The cash purchase price (1272) dinars / $.
2. The quantity sold, the amount of cash (17.055.000) and $ remittances amount (43.420.000) dollars.
There is no mentioning about the rate being the same until Sunday.
God speed on a safe return :cheers:Quote:
Originally Posted by ForceReK0n
Hillah / justice ... ركونDiscussed and businessmen are interested in economic affairs in the province of Babylon the most important articles and paragraphs of the new investment law asserting that the law is a positive step the Iraqi government move in the right direction, and between participants .In a symposium organized by the Federation of Iraqi businessmen in preserving the most important advantages that characterizes the new law at the level of activation of various kinds of investment in Iraq, including drives economic development forward, pointing out that all Arab states characterized by a strong economy was able to strengthen its economy through investment laws that opened markets of these countries in the world, Dr. Safa Taqi Eissawi assistant professor in the Faculty of Law, University of Babel that the new investment plan is the most important step towards the Iraqi government to develop the Iraqi economy and the rebuilding of infrastructure, pointing out that the new law contains articles and paragraphs of well encourage Arab and foreign investors the entry of Iraqi arena being equated rights of the investor Iraqi and other Arab and foreign investors is no stand on equal distance from everyone except for the right to own land, which make it exclusive to the Iraqi investors, and Dr. Eissawi stressed the need to initiate the formation of the cabinet to be a safe area an invitation to foreign investors, explaining that one of the first guarantees to be provided to activate the investment law is implemented properly to ensure security because investors do not care about the financial support as their security assurances, from his part Baqir Jaafar Said that the President of the Russian Federation is adopting currently task of educating Iraqi businessmen in the province the new investment law, affirming that the union a broad program includes holding seminars and organizing workshops for educating law, which he said was to meet all the aspirations and expectations of traders and investors primarily with the Iraqis, and invited Said to the need to expedite the government in the formation of committees domestic investment, which read law with a view Bouajptha each body within the preserve where they operate, and during the discussion of the mechanism for guaranteeing the rights of Iraqi workers by foreign companies expected to work in Iraq under the new law and activate Kabbveh labor laws Iraqi force to ensure these rights, as Discussants touched on how to deal with these companies, which would enjoy legal personality in Iraqi territory.
-
Statement issued by the Iraqi Accord Front.
document on the International Covenant with Iraq
.Following the Iraqi Accord Front and very carefully document the International Covenant with Iraq as contained questions represents a possible basis for a solution if there is serious and sincere faith.
.To those familiar with the document of the International notes with Iraq closely in dealing with the problems of Iraq's security, political, economic and social package to solve it one is undoubtedly true orientation, and the international supervision of the Iraq makes weight globally could control all of the Iraqi government on implementation, and follow that the international community would not be satisfied with less than a government that achieves the aspirations of the people and his transparent and achieve political reforms to the government of Iraq has accepted international.
.The document also emphasizes the importance of that priority be given to reforming the security, political, economic reform and development is a clear message to the influential regional countries should refrain from interfering in Iraq's internal affairs and another letter to the political components need to abide by the Covenant, which can be achieved only that those forces Ttkashv to change their positions to contribute to solving the issue of security and political and social peace.
.We look forward to find items of the International Covenant way to practical reality and seek government and the parties concerned in this document to the serious application and good execution in order to achieve objectives which are expected by the Iraqis, particularly since the bulk of the International Covenant already established in the Constitution or the government program or project reconciliation national as well as permits for media and political officials in the government of their intentions application of these programs and projects promised by the Iraqis long.
إن.That put the document the international community before the world community and make witnesses and observers to ensure the implementation of the reconciliation and reconstruction feel that preceded a national covenant evidenced by the surveillance Islamic values and national Iraqi carries advocated who wants to run the country and is claiming eligibility and ability and efficiency in the construction and reform.
.So as not to fall into past errors especially since time is no longer widely in light of the worsening internal situation and the lack of opportunities for solution and break the impasse Iraqi sharp call to keep pace the International Covenant mechanisms explaining the procedures and how they would implement the provisions of the document with the schedule to ensure the safety of the implementation, and monitoring body assesses performance and corrects errors with the international commitment of the government guarantee for achieving the goals and purposes of the document the international community.
http://64.233.179.104/translate_c?hl.../nhr0510h.html
truer words were never spoke....Quote:
Originally Posted by mustang sally
The Ministry of Commerce studying three options for activating the work of central markets
() - 10-05-2007(Voice of Iraq) - 10-05-2007
لـــعـــراقRepublic of Iraq
لاعلامThe Cabinet-National Information Center
الععMedia Relations
بيا Press ReleaseA press / Press Release
الاستثمارThe Ministry of Commerce studying three options for activating the work of the most important markets of central investment
.The Trade Minister Abdul Hassan farmer Sudanese ministry was considering three options for the activation of markets and the development of the central work in the coming period.
ً .He added during a meeting with Sudanese company tables of the central markets that the coming period will witness a number of actions to revitalize the central markets after the agreement on the options will be introduced and foremost Tagiradh markets or participation with the private sector in the reconstruction work or selling part of these markets in places elected, He added that he had formed a committee of a number of experts and spe******ts to examine the reality of the central market in terms of potential and possibility in the location and operation Incautiously after granting of the company's frozen amounts in the Ministry of Finance and release material in the stores grapevines, which reaches such ***** very large sums.
.The minister also coordinating with the security agencies of the Ministries of Defense, Interior and the awakening of Anbar on the transfer of various materials in the stores, which may help citizens access to such material, which possesses good qualities and prices are very appropriate, pointing out that solidarity with the staff of central markets those suffering from difficulty in getting paid by the company's financial situation, which relies on a system of self-financing affirming that the right to obtain these salaries, it seeks through emphasis on the Ministry of Finance launched the amounts frozen or tables by urging the company to activate its activities in order to reap profits may The money used by company personnel.
.The minister stressed the importance that the company learned from decades past and the Memorandum of Understanding re-activated in order to obtain money to support the work of the company in markets in Baghdad and other governorates.
Translated version of http://www.sotaliraq.com/
Buffett says Berkshire set for big takeovers: paper - Boston.comQuote:
Originally Posted by DontDenyDatDinar
My read . . . Cheney is one of the *toughest* guys around . . . I would imagine he told them to take their damn vacation as follows, "yeah go ahead . . . but make damn sure that you finish & enact all the important laws before you do!" . . .Quote:
Originally Posted by mustang sally
Their vacation could be gooood for investors/speculators . . .
Best to all . . . RR . . .
Thank You Rolls Royce, I am in agreement with this as well.Quote:
Originally Posted by RollsRoyce
We have already read that he was there for a "secret meeting", as
are/have been, the rest of the world players.
you can also click 'edit' and 'delete' and 'delete post' which will remove any copies that you might have posted.Quote:
Originally Posted by Lunar