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

Blackout plunges Iraqi parliament into darkness
08 May 2007 12:44:08 GMT
Source: Reuters

BAGHDAD, May 8 (Reuters) - A power blackout forced Iraq's parliament to cancel its session on Tuesday, at a time when Iraqi legislators are under growing pressure from U.S. officials to pass laws seen as vital to healing sectarian divisions.

Parliament, which is in the heavily fortified Green Zone, usually receives 24-hour power despite severe electricity shortages in other parts of Baghdad.

The lights went off as legislators were about to enter the hall and a couple of hours later, officials decided to postpone the session until Wednesday.

It was unclear what caused the blackout. The building has also had little or no water for months.

Iraq's different political blocs need to agree and pass contentious bills such as an oil law that opens the way for foreign investment in Iraq's long-nationalised oil sector and measures that will roll back a ban on members of Saddam Hussein's former Baath party holding public jobs.

more at linky...
http://www.alertnet.org/thenews/newsdesk/KHA835171.htm

Big Article!! We Are Getting Close!!!
Iraq market for securities quantum leap in the area of capital markets for domestic sectors

ةExecutive Director : draft circulation mail Sedkhlina world competition with Arab capital markets

of shareholders : the current stage in the work market is a success regardless of the problems and obstacles

member of the management company : the market will establish a scientific basis for the work of traders and businessmen

The citizen-Ammar Secretary

Iraq established market for securities under Act No. (74) of 2004 and is of an Iraqi major securities companies and different economic sectors vital mission in Iraq, The first meeting of the circulation of the two months after its establishment after a Board of Governors consisting of nine members in addition to the Executive Director.

The optimistic view

Says Ahmed flash / director of a company listed on the market (that our company contribution in the market, We undergoing attendance of the meetings circulation weekly half and strive with others to contribute to the success of the market in order to compete with market international capital markets, especially that Iraq possesses a large base of self-employment and facilities giant enable self-sufficiency in the event and provide conditions of stability and security first, He (the Iraq market for securities transfer and the reality of domestic companies into reality scientific and technical important as a first stage to reach the ranks of capital markets in the Middle East, and that communication will increase its support for the implementation of their aspirations and future plans)

And he (the current stage of success regardless of the obstacles that exist in the work of economic life in Iraq and with a market created requirements for success for companies and banking sectors, industrial and service, tourism, However, the repercussions of the current stage and targeting businessmen, local traders requires the State to provide security protection to us through the links and coordination with other businessmen to Hedman migration of capital and the Iraqi problem must be considered by the government bodies responsible for seriously and find solutions to them).
The Muhannad Al-Bayati / Head of the Department says one hotel (formerly I-defense security that the country's financial market such as exists in much of Europe and Japan and the United States and is economically developed countries, .. However, the successive wars and political unrest stopped the economy and not allow the Iraqis to develop their potential and their own in the fields of production, processing and export, although Iraq is a relative and productive and have full capability to reach self-sufficiency stages of the local production is different). It goes on to say (... more than three years ago, we welcomed the establishment of the market which is a quantum leap in the area of economic work through registration and listing companies and the introduction of modern technical means in the work which makes a market in the future scientific basis for the work of traders, businessmen and the Iraqis think it is a step in the right direction to reach the art the advanced countries in the area of capital markets, which rely on modern techniques for dealing with capital and corporations Alantajiho service).
Mahdi Efrai / member management company listed on the market for more than two years (the businessmen in Iraq, especially the Iraq market participants look to be in the country's capital market developed. Although Iraq market
Securities wonderful gesture and seen everyone optimism. She (the Aaddalshrkac contributing involved in the deliberative sessions is gradually increasing and is an important stage will reflect positively on the development of reality because it opens the door for the entry of other companies and therefore the possibility of the return of capital Iraqi immigrant benefited greatly from neighboring countries during the spur investment, and I think that this requires that governmental bodies responsible move to strengthen the relationship Iraqi trader and owners of the various market through the development of Iraq's plans and programs and effective supervision of experts and professors economy renowned for their expertise in their fields).

A desire to develop banking sector

Haider says Jasim / member management of a bank (in response to an invitation addressed to market Iraqi banks endorse BIS financial management, a number of banks in the performance of advanced a strong response to this request, As we learned from our brothers in market management, the process of preparing the details of the implementation of this plan is by sponsorship revenue and an expert specializing in stock and has the experience of implementation (46) Brush - commerce will be discussing with the departments of these banks in a few days at a joint meeting includes departments banks with Iraq the Board of Governors of the Iraq Stock Exchange, which is an effective step to involve the banking sector in achieving balance and productive participation in the response to a call for the development of market mechanisms work according to the latest technologies and access to capital markets in the Arab world and the world).
And added (We will not turn ourselves to offering something contributes to the success of the market to the benefit of both parties, the success of the market will reflect positively on the reality of other sectors and is generally Mantmah him despite the current difficult circumstances).And added (to highlight the problems and obstacles facing the development of the investment is to increase the capital-organization, which coincided simultaneously with the migration of capital which impact on the governor investors through stock liquefaction high price for the purpose of underwriting and increase whose shares were at one dinar addition to the departments of companies threatened and some of them were subjected to kidnapping).

اTivallahdav based programs

For his part, the Executive Director of Market Taha Ahmed Abdul Salam, in a meeting with the (citizen) (law systems market activity under specific objectives derived from work programs and daily activity, as follows : -
-management meetings circulation Pmaidman operations, the average annual number of meetings convened by the market (96) circulating in addition to cooperation with international bourses and join unions and the Arab and international exchange of experience and training to raise the level of performance of the market which is now permanent member of the Union of capital markets Arabic and in the European Union and Asian bourses based in Turkey.
2- 2-establishment of courses, lectures, symposia and meetings with intermediaries and companies and investors.
3- ا.3-issuance of the investment law to non-Iraqis in the market and there are efforts to start its operations especially dimensions Aghercil conservatives instructions circulation of non-Iraqis and referred to the concerned authorities for approval and delegating work ... .And pointed out (to the requirements of incorporation included contacts with the contribution reporting incorporation to control performance and know how to fulfill the conditions required for the registration and launch circulation of shares as well as liaison offices and mediation firms and retraining and creating employment requirements and are representing (34) is a company limited mediation and (16) the Office of the mediation in Iraqi banks, including banks, (5) government in addition to Theehalkader career and work programs of contracts Hall and the conversion of the circulation system of communication with investors and dissemination of data and statistics needed to familiarize citizens with this type of investment) He (the constraints facing the implementation of the Millennium lags to allow non-Iraqis investment in a market of Iraq at a time when most bourses benefit from the characteristic movement of capital to promote investment in their countries as well as to increase Asaaralvaideh bank deposits, and everyone knows that the inverse relationship between rising interest rates and stock prices in the stock market, the participation of the private and non-governmental financial investment in spite of the existence of very large financial surpluses among other assets invested with the failure of some departments of companies in the industrial sector to develop areas of activity and was still operating at less than capacity despite the fact that much production requirements, which fall within the list of prescription However, despite this market has been able to achieve (93) a circulation rate of two per week and the circulation (58) billion shares worth (146) billion dinars).

The draft circulation mail ... Quantum leap

10)موظفين ).And electronic trading on the draft central and conservation in the market said (Hall that the market will change is reflected in the memorial terminals and transfer to plastic plates circulation to the other side to continue with the process memorial networks where required that the Department prepared plans for training on the project first phase (32) of them (7) staff were trained for two months in Amman at the site of her IBM programmers in the company and the Swedish OMX second phase included (15) staff training period of one week and the final stage (10) which included staff). And he (it is expected that the use of electronic systems to increase the number of meetings Aaltdaoul to five meetings a week instead of two, enabling the investor to buy the shares and sell at the same meeting and eliminate the problem of the late issuance of share certificates experienced by the market and investors with the receipt of value shares in the following day's meeting without delay in the transaction clearing bank and no need to stop companies with increases in Rees funds to a long period of standing more than four months, ... and also expected to build a base of contributors throughout Iraq fully without errors or circumstances with the issuance of reports leaflets at (300), according to a report statistically desire by investors and brokers will be able to investor circulation through more than one intermediary Wade, which means a positive force for investors with the focus on the registration of companies in the international numbering agency). The plans are expected to be achieved during the current year, the Executive Director stressed that the work in a 0-1 circulation mail and transfer files investors from all the companies contributing to the deposit which leads to the elimination of the daily problems that we face, and also increase the speed rate cycles shareholders to benefit the most prominent plans). (we seek to encourage investors to training and moving to electronic trading and issuing instructions circulation mechanism and investment with the opening of non-Iraqis as soon as the basement and told inclusion of new companies in the market and expand investment, primarily in the country to sign an agreement with the Kurdistan Hall for the opening of circulation linked electronically headquarters in Baghdad market, in addition to accede to the International Federation of Stock Exchanges after success in performing the required international standards, We are also cooperating with Arab bourses to open direct investment channels via the stock exchange to enable investors from trading directly and by the requirements of the opportunity (. explaining (that the negotiating process is now under way to Akhtbarmasrv off commerce with banks (6) non-governmental organizations and to choose one of them to manage Rappasho direct broadcast of the proceedings of trading and price movements across the network universal Press and Reuters had been selected under an agreement addition Alitsgel shareholding companies listed in the International Atomic renumbered (Annals of Social Science).
(that there will be important stages of approval will work in the market such as the market, with companies contributing to transfer files contributor who deliberating shares in the market to depository center and conventions Bank settlement banks and financial investors in addition to the direct link between market intermediaries and offices and instructions for non-investment Iraqis by the Commission on the problem of the Board of Governors, after it had been holding a meeting with the Department of the International Monetary Fund in Amman to start training and advisory projects for the benefit of Iraq's market in the near future).

Translated version of http://www.almowaten.com/economy.html

Originally Posted by darock0116

Big Article!! We Are Getting Close!!!
Iraq market for securities quantum leap in the area of capital markets for domestic sectors

ةExecutive Director : draft circulation mail Sedkhlina world competition with Arab capital markets

of shareholders : the current stage in the work market is a success regardless of the problems and obstacles

member of the management company : the market will establish a scientific basis for the work of traders and businessmen

The citizen-Ammar Secretary

Iraq established market for securities under Act No. (74) of 2004 and is of an Iraqi major securities companies and different economic sectors vital mission in Iraq, The first meeting of the circulation of the two months after its establishment after a Board of Governors consisting of nine members in addition to the Executive Director.

The optimistic view

Says Ahmed flash / director of a company listed on the market (that our company contribution in the market, We undergoing attendance of the meetings circulation weekly half and strive with others to contribute to the success of the market in order to compete with market international capital markets, especially that Iraq possesses a large base of self-employment and facilities giant enable self-sufficiency in the event and provide conditions of stability and security first, He (the Iraq market for securities transfer and the reality of domestic companies into reality scientific and technical important as a first stage to reach the ranks of capital markets in the Middle East, and that communication will increase its support for the implementation of their aspirations and future plans)

And he (the current stage of success regardless of the obstacles that exist in the work of economic life in Iraq and with a market created requirements for success for companies and banking sectors, industrial and service, tourism, However, the repercussions of the current stage and targeting businessmen, local traders requires the State to provide security protection to us through the links and coordination with other businessmen to Hedman migration of capital and the Iraqi problem must be considered by the government bodies responsible for seriously and find solutions to them).
The Muhannad Al-Bayati / Head of the Department says one hotel (formerly I-defense security that the country's financial market such as exists in much of Europe and Japan and the United States and is economically developed countries, .. However, the successive wars and political unrest stopped the economy and not allow the Iraqis to develop their potential and their own in the fields of production, processing and export, although Iraq is a relative and productive and have full capability to reach self-sufficiency stages of the local production is different). It goes on to say (... more than three years ago, we welcomed the establishment of the market which is a quantum leap in the area of economic work through registration and listing companies and the introduction of modern technical means in the work which makes a market in the future scientific basis for the work of traders, businessmen and the Iraqis think it is a step in the right direction to reach the art the advanced countries in the area of capital markets, which rely on modern techniques for dealing with capital and corporations Alantajiho service).
Mahdi Efrai / member management company listed on the market for more than two years (the businessmen in Iraq, especially the Iraq market participants look to be in the country's capital market developed. Although Iraq market
Securities wonderful gesture and seen everyone optimism. She (the Aaddalshrkac contributing involved in the deliberative sessions is gradually increasing and is an important stage will reflect positively on the development of reality because it opens the door for the entry of other companies and therefore the possibility of the return of capital Iraqi immigrant benefited greatly from neighboring countries during the spur investment, and I think that this requires that governmental bodies responsible move to strengthen the relationship Iraqi trader and owners of the various market through the development of Iraq's plans and programs and effective supervision of experts and professors economy renowned for their expertise in their fields).

A desire to develop banking sector

Haider says Jasim / member management of a bank (in response to an invitation addressed to market Iraqi banks endorse BIS financial management, a number of banks in the performance of advanced a strong response to this request, As we learned from our brothers in market management, the process of preparing the details of the implementation of this plan is by sponsorship revenue and an expert specializing in stock and has the experience of implementation (46) Brush - commerce will be discussing with the departments of these banks in a few days at a joint meeting includes departments banks with Iraq the Board of Governors of the Iraq Stock Exchange, which is an effective step to involve the banking sector in achieving balance and productive participation in the response to a call for the development of market mechanisms work according to the latest technologies and access to capital markets in the Arab world and the world).
And added (We will not turn ourselves to offering something contributes to the success of the market to the benefit of both parties, the success of the market will reflect positively on the reality of other sectors and is generally Mantmah him despite the current difficult circumstances).And added (to highlight the problems and obstacles facing the development of the investment is to increase the capital-organization, which coincided simultaneously with the migration of capital which impact on the governor investors through stock liquefaction high price for the purpose of underwriting and increase whose shares were at one dinar addition to the departments of companies threatened and some of them were subjected to kidnapping).

اTivallahdav based programs

For his part, the Executive Director of Market Taha Ahmed Abdul Salam, in a meeting with the (citizen) (law systems market activity under specific objectives derived from work programs and daily activity, as follows : -
-management meetings circulation Pmaidman operations, the average annual number of meetings convened by the market (96) circulating in addition to cooperation with international bourses and join unions and the Arab and international exchange of experience and training to raise the level of performance of the market which is now permanent member of the Union of capital markets Arabic and in the European Union and Asian bourses based in Turkey.
2- 2-establishment of courses, lectures, symposia and meetings with intermediaries and companies and investors.
3- ا.3-issuance of the investment law to non-Iraqis in the market and there are efforts to start its operations especially dimensions Aghercil conservatives instructions circulation of non-Iraqis and referred to the concerned authorities for approval and delegating work ... .And pointed out (to the requirements of incorporation included contacts with the contribution reporting incorporation to control performance and know how to fulfill the conditions required for the registration and launch circulation of shares as well as liaison offices and mediation firms and retraining and creating employment requirements and are representing (34) is a company limited mediation and (16) the Office of the mediation in Iraqi banks, including banks, (5) government in addition to Theehalkader career and work programs of contracts Hall and the conversion of the circulation system of communication with investors and dissemination of data and statistics needed to familiarize citizens with this type of investment) He (the constraints facing the implementation of the Millennium lags to allow non-Iraqis investment in a market of Iraq at a time when most bourses benefit from the characteristic movement of capital to promote investment in their countries as well as to increase Asaaralvaideh bank deposits, and everyone knows that the inverse relationship between rising interest rates and stock prices in the stock market, the participation of the private and non-governmental financial investment in spite of the existence of very large financial surpluses among other assets invested with the failure of some departments of companies in the industrial sector to develop areas of activity and was still operating at less than capacity despite the fact that much production requirements, which fall within the list of prescription However, despite this market has been able to achieve (93) a circulation rate of two per week and the circulation (58) billion shares worth (146) billion dinars).

The draft circulation mail ... Quantum leap

10)موظفين ).And electronic trading on the draft central and conservation in the market said (Hall that the market will change is reflected in the memorial terminals and transfer to plastic plates circulation to the other side to continue with the process memorial networks where required that the Department prepared plans for training on the project first phase (32) of them (7) staff were trained for two months in Amman at the site of her IBM programmers in the company and the Swedish OMX second phase included (15) staff training period of one week and the final stage (10) which included staff). And he (it is expected that the use of electronic systems to increase the number of meetings Aaltdaoul to five meetings a week instead of two, enabling the investor to buy the shares and sell at the same meeting and eliminate the problem of the late issuance of share certificates experienced by the market and investors with the receipt of value shares in the following day's meeting without delay in the transaction clearing bank and no need to stop companies with increases in Rees funds to a long period of standing more than four months, ... and also expected to build a base of contributors throughout Iraq fully without errors or circumstances with the issuance of reports leaflets at (300), according to a report statistically desire by investors and brokers will be able to investor circulation through more than one intermediary Wade, which means a positive force for investors with the focus on the registration of companies in the international numbering agency). The plans are expected to be achieved during the current year, the Executive Director stressed that the work in a 0-1 circulation mail and transfer files investors from all the companies contributing to the deposit which leads to the elimination of the daily problems that we face, and also increase the speed rate cycles shareholders to benefit the most prominent plans). (we seek to encourage investors to training and moving to electronic trading and issuing instructions circulation mechanism and investment with the opening of non-Iraqis as soon as the basement and told inclusion of new companies in the market and expand investment, primarily in the country to sign an agreement with the Kurdistan Hall for the opening of circulation linked electronically headquarters in Baghdad market, in addition to accede to the International Federation of Stock Exchanges after success in performing the required international standards, We are also cooperating with Arab bourses to open direct investment channels via the stock exchange to enable investors from trading directly and by the requirements of the opportunity (. explaining (that the negotiating process is now under way to Akhtbarmasrv off commerce with banks (6) non-governmental organizations and to choose one of them to manage Rappasho direct broadcast of the proceedings of trading and price movements across the network universal Press and Reuters had been selected under an agreement addition Alitsgel shareholding companies listed in the International Atomic renumbered (Annals of Social Science).
(that there will be important stages of approval will work in the market such as the market, with companies contributing to transfer files contributor who deliberating shares in the market to depository center and conventions Bank settlement banks and financial investors in addition to the direct link between market intermediaries and offices and instructions for non-investment Iraqis by the Commission on the problem of the Board of Governors, after it had been holding a meeting with the Department of the International Monetary Fund in Amman to start training and advisory projects for the benefit of Iraq's market in the near future).

Translated version of http://www.almowaten.com/economy.html

WEEEEEEE!!!! We are close..hang on dinar family!!
Sarah!!

Originally Posted by ourhouse37

Don't you know that dentists (tongue bolts...) and orthopedists love this generation. Some years ago we went $thousands in the hole when my teenaged daughter was knocked flat by someone flying OUT of a mosh pit, (she wasn't even in it...) and sustained a classic football injury to her knee. I don't think childbirth held a candle to that particular pain. I felt lucky to have raised her to adulthood more or less in one piece.

I hear ya there, my daughter still has one [tongue bolt...] and she has a son now as well..hmmm I wonder how she's going to explain this Frankenstein electrode protruding from her mouth? lol

I like your new avatar Snotty! Wink Wink....

Originally Posted by Hardwood

I like your new avatar Snotty! Wink Wink....

Hey woodie, i saw the avatar first!!!!

IM a newbie. (hate that word) anyway hello everyone...I sure hope we're getting close...it's sure been a long haul...got to hand it to the Iraqi people though after all they've been through Thanks for alowing me to join...great bunch of folks!!!

Originally Posted by Hkp

Draft of Iraqi oil bill criticized by Kurds, Sunnis

With so many articles of this nature going around, is this true or is it smokescreen? i thought i remembered reading an article that stated the Kurds were pleased with it, or are they just miffed that it is taking so long.

I can't remember anymore, maybe I have been through a mosh pit instead.

I read elswhere that an amendment was quietly slipped into the draft giving the Cental Government way more control over the oil contracts than the Kurds agreed to. If it's true we just hit a major obstacle, unless of course the amendment is quickly removed.

Originally Posted by utahrancher

IM a newbie. (hate that word) anyway hello everyone...I sure hope we're getting close...it's sure been a long haul...got to hand it to the Iraqi people though after all they've been through Thanks for alowing me to join...great bunch of folks!!!

Don't worry, everyone is a newbie at one point in time. Jump in!!! (and welcome.)

Originally Posted by utahrancher

IM a newbie. (hate that word) anyway hello everyone...I sure hope we're getting close...it's sure been a long haul...got to hand it to the Iraqi people though after all they've been through Thanks for alowing me to join...great bunch of folks!!!

welcome utahrancher ,hold on for this ride!!!..It has been the best ride i have ever been on and soon we will all be wealthier than we could ever had imagined!!!Once again welcome to the dinar family!!!!
Sarah!!