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

Originally Posted by cashNsoon

Anyone seen the auction outcome for today? I checked CBI and no update yet.

hmmmm, i checked too, nothing.........

oh wait, would the assisination affect the auction? I don't think it was CBI where the guy was killed, a neighborhood bank.

Originally Posted by Hkp

Barzani in Brussels to discuss the situation in Iraq

(صوت العراق) - 08-05-2007

(Voice of Iraq) - 08-05-2007

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Brussels : Research's High Representative for Foreign and Security Policy of the European Union Javier Solana in Brussels today with Massoud Barzani, head of government in Kurdistan (northern Iraq), the latest situation in the country and the outcome of the Sharm el-Sheikh International, which was held last week on Iraq. He stressed Barzani Following the meeting, the importance and central role of the European Union in finding a settlement to the Iraqi situation, "European officials promised to continue efforts to support Iraq's stability."

He spoke out about the situation in the territory of Kirkuk, "which should be resolved according to Article 140 of the Iraqi Constitution." On distribution of wealth and oil in Iraq, Barzani said that it was agreed on the distribution of Iraqi oil revenues equally to all regions and all people of Iraq.

In response to threats to the Turkish Kurdistan, Barzani opinion that the "language of threat is not appropriate in this day and age", and expressed his aspiration to establish relations of friendship and cooperation with Turkey and not to exchange threats. Barzani also will speak this afternoon to members of the Foreign Affairs Committee in the European Parliament, where exchanges of views of parliamentarians about the situation in Iraq in general and Kurdistan in particular.

Translated version of http://www.sotaliraq.com/

Originally Posted by PAn8tv

The Kurdistan Alliance supports Maliki commitment in the document
(Voice of Iraq) - 08-05-2007 | Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

Arbil : Kurdistan Alliance bloc renewed its support for al-Maliki government, especially at this stage where the government to abide by the commitments contained in a document issued by the International Conference of Sharm el-Sheikh. He said spokesman bloc in a telephone conversation with him today, "We in the Alliance bloc not continue to support the government of Mr. Nuri al-Maliki and believe that the pledge during the Sharm El-Sheikh conference did not reflect the position, but the position of the Iraqi government and the parliament which represents all Iraqi components, and we look forward to him translated document principles and commitments on the ground. " The Maliki had pledged to the conference to work to disarm the militias and the elimination of sectarian conflict in Iraq, and coalition spokesman confirmed that "one of the priorities of the government now is the disarmament of those weapons which we believe that without this process can ease sectarian tension and stop the deterioration of security in the country." Media sources quoted today by the Shiite leader Muqtada al-Sadr's call for the elements of the Mahdi Army to disarm, and that he would refrain from the ranks of the army. This came from the Shiite leader following the renewed spread of the elements of the Mahdi in areas of Baghdad and the resumption of prosecution and the assassination of the year in the capital

do these last two articles reassure everyone of where the kurds are right now???

Originally Posted by Lunar

Economic : the role of banks Altejariahvi revitalize Iraq market for securities
08.05.07
D. Khalaf Falah Al-Rubaie

The investment banking and particularly the long-term financing projects oriented agricultural and industrial activities directly related to the process of economic development

Most types of investments that do the role of the banking sector in the development process, this type of investment to achieve financial returns are high and continuing to banks, and also contributes to the development of the securities market and increase the number of productive companies listed in that market.

And follower of the banking sector activity in Iraq, noted that most investments are concentrated in the commercial banks to provide credit facilities and short-term advances, with the weakness of the relative importance of financial resources directed towards productive activities, indicates a weak role in the development process. Since most of these banks prefer to retain a surplus large reserve of cash to make long-term loans.

It is natural that this trend leads investment portfolios to a steady decline in profitability ratios and the rate of return on invested capital. This trend has been associated with several factors, notably the high rate of bad debts repayment witnessed by the banking sector during the economic blockade and the period following the fall of the regime, and the other due to the weakness of investment opportunities already available to those banks in the productive areas.

It can be argued that both workers refer to a situation of structural weaknesses in the role of commercial banks as institutions for financial intermediation in Iraq, as a result of weakness in its operations in the securities market, and this situation is not the only government banks, but the situation is generally experienced the banking system in Iraq, which leaves the this organ great responsibility in the revitalization of the stock market.

To accomplish this task should follow the following steps :

1. Banks need to pay government and private collaboration with the National Authority for Investment important marketing and promotion of the new stock and bond issues, especially those relating to equity issuances public sector enterprises put up for privatization.
2. The need to adopt a policy for recycling portfolios through putting a portion of possession for sale of securities and use of proceeds or part thereof to purchase new securities 0
3. Banks could revitalize the stock market through the provision of funding which takes several forms, including :

- A form of loans to clients to buy shares of the private sector.
B-loan guarantee a certain percentage of securities not exceeding 40% of the value of the shares.
T. form-the form of loans to finance the purchase of shares.

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(the difference between iraqupdates and alsabaah is one cant be trusted and the other is THE govt. newspaper)

What assisnation I didnt hear about that!

Originally Posted by crave681

Wolfowitz fights to keep job as scandal sends top aide packing - Yahoo! News

wasnt wolfowitz playing a big role?

iraq will still be standing and prosperous when the name wolfowitz is forgotten by most.

Originally Posted by cashNsoon

What assisnation I didnt hear about that!

This one:

http://www.rolclub.com/iraqi-dinar-d...tml#post198477

Originally Posted by WebGuy75903

... Thus leaving every ministry to operate the second half of their year with only 25% of their original capital budget. If nothing else, that is interesting bit of news. Thanks for sharing, DD...

yes, it is interesting that they are going to operate the second half of the year on only 25% of their alloted budget.

im trying to calculate that out without the revalue but i just cant do it.

Originally Posted by shotgunsusie

yes, it is interesting that they are going to operate the second half of the year on only 25% of their alloted budget.

im trying to calculate that out without the revalue but i just cant do it.

That's cause it's not possible! luckily your brain is functioning this morn, cause it's trickling down to mine and mine is still asleep!

Originally Posted by wessgs

Is this last June's report or this June's

Baghdad, June.27 p1
Finance ministry & Iraqi central bank study a suggestion about lifting off the worth of Iraqi diner and returning back as the past,

and the suggestion supported by the international bank. Finance minister Bayan Jabr Zubaidi declared that he suggested on bank governor lifting off three zeros so diner would be equal to dollar, on the other hand, he declared his support for national peace initiative.

I think I had already seen this on Rolclub.
Would be a good thing I think.

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You can then translate to English

that was last year one of the lifting of 3 zeros articles i believe that had everyone having heart failure thinkin that hideous three letter word.