Thread: Iraq/Dinar News until 5/23/07 Midnight CST

emphasized that the talks with the central government aimed to unify visions

Officials in Kurdistan : No disagreement on the oil and Kirkuk subject of the article (140)

Baghdad-up morning

Government sources denied in Kurdistan assignment implementation of Article 140 of the fate of Kirkuk to the SJC, while other sources confirmed that there were no differences between the territorial government and the central government on the oil and gas.

The head of the Office of the President of Iraq's Kurdistan region, Fuad Hussein that the discussions are still ongoing within the Commission amend the Constitution to force the application of Article 140 which provides for a referendum to determine the fate of Kirkuk. either stay under the control of the central government in Baghdad or accede to the Kurdistan region and make Kirkuk Hussein ruled autonomous regions, drawing attention to that

Contrary to the provisions of Article 140 of the Constitution, diminishing the importance of Arab attitudes and Turkmen reject the application of Article 140. He praised Hussein told Radio Sawa transfer of the territory to visit President Massoud Barzani to Europe, describing the visit Balenajah good, stressing that the province to support the Euro against any Turkish intervention in Kurdistan. it denied government sources in the Kurdistan region there any differences between the territorial government and the Iraqi government regarding certain issues relating to oil and natural wealth. He said natural sources in the territorial government Ahti seminar in a press statement
Yesterday : "The topic of shared natural wealth and the oil that had not been agreed upon so far does not mean there is disagreement between the parties," saying : "All that matters is that the government of Kurdistan region have their legitimate demands of the oil resources and enshrined in the Constitution." The seminar : "The head of the territorial government Nigervan Barzani will attend all meetings and discussions to be held between the two sides this week in Arbil," pointing out that "talks Irbil and Baghdad seeks to develop other formulas to be more realistic, serious and safeguard the rights of all parties.

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

Iraq market for securities .. Concept and jobs

Manaf Reza diamantaire

Iraq established market for securities in 2003 to be issued shares and bonds, which will govern this market a set of regulations and rules that govern and regulate the circulation and implemented by the sale and purchase orders through intermediaries who have the credentials of clients where prices will be floated in a public meeting in circulation and interact laws opportunities and demand in identifying trends in stock prices upwards or downwards.

The most important function is characterized by the market maintained the balance between savings and investments of economic sectors through conversion (ie money) of the sectors where financial surplus to sectors facing a shortfall of funds needed to finance investment spending. The market also contribute by providing financial liquidity by attracting capital, which activates Development investments necessary for the process of economic development as the market is characterized by the function of risk transfer, where ownership of the shares will be issued to a group of investors get as much profit as percentage of participation in the capital for the other side, we find that the market is converting to wait as the investor can convert the investments financial him to criticism when needed. from the foregoing, we find that the Iraq market for securities transfer funds between different sectors in addition to providing financial liquidity for investors to enter into new investments and this reinforces the result of economic development and investment offers the opportunity to select the best investment for investors of preference among diversified investments traded in the market or the new investments that will be set up through subscription shares those investments and provide the appropriate place or area for the circulation of those shares through the trading hall where transmission investments between investors through intermediaries Commissioners sales operations and procurement controls, according to the instructions so as to enhance market transparency through the reports, statements and the disclosure by companies of financial operations, productivity and show the possibility of an evolutionary company financial position so as to enhance the credibility of the real value of the share price through the Exchange Fund.

The period from 2003 until now over the Iraq market for securities different periods of high demand for circulating shares where the period for 2004 and 2005 for the market represents the height of its activity, in terms of quantities traded, as well as stock prices reached their highest levels in the market indices in place, and what Everybody knows that this period was characterized by fairly low level of terrorist acts and that the pace of such acts has been limited in addition to establishing a good number of new companies are also financial institutions entered in companies with global financial institutions, which enhanced investor confidence that corporate Valley increased demand for shares traded in the market and consequently led to a rise in those shares in addition to the management of the market for securities Iraq was working seriously and continuing to develop the performance of the financial market through holding international conventions with other markets that the regional or global, as well as developing the performance of workers in the market through developmental courses and also develop new ways of dealing in the market through the introduction of the transaction or transactions using electronic paintings as the electronic trading system depends on controlling illegal circulation allowed through software and continuous flow of information on all of the stock exchange transactions also This facilitates the follow-up of all traded securities, thereby facilitating the task of applying the laws and regulations of the market. The Stock Exchange of Securities Iraq has a clearly distinct role to play in monetary policy, as it has played a safety valve and the true indicator of the level of cash in the country when Ttofrciolah high on investors result of the financial returns of the investments we are through the stock exchange to strengthen its investment in shares traded companies as well as in need of investors to enter into new investments that will be converting those shares into cash to bring real investments add later financial returns for the new economy, which enhances the chances of economic growth.

Thus we see that the market management was able to enhance the confidence of investors through outstanding performance transparency and clarity in the application of the law as well as through continuing quest to develop the standard of performance based on the latest techniques in addition to enhancing experiences through networking with international bourses. It is also important roles of the Stock Exchange is that it is a mirror reflects the true level of economic activity, through orientations investors to different sectors in the economy, which indicates a certain period of time in the actual performance of these sectors and reflections on the physical level of returns in the community so as to enhance growth opportunities for various sectors. from the foregoing, we find that the exchange in various countries of the world are yardstick the level of economic performance of the country in addition to signaling levels of growth in those sectors and also considered an indicator of trends in cash to investors through investment opportunities available in the market so as to enhance the flow of investments to develop sectors with high economic growth, as well as enhance corporate performance towards maximizing resources, which creates high returns and enhance the profitability of companies, financial institutions and reactivate the banking sector. The role played by the Iraq market for securities in diversifying investment opportunities and stimulate companies to devote Ttaiwierradaiha addition to the confidence of investors in the market, built on the principles of transparency, disclosure and openness on the stock market, regional and global levels is the best proof of the success of that market to its functions in spite of the difficult security situation in the country that is in addition to the ability of management to the market to create development requirements.

Iraqi Center for Economic Reform

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

within a plan of reconstructing Iraq

100 new project for the provision of services and the elimination of unemployment

Baghdad-Sabah.

Witness the next few months the completion of more than one hundred in the draft plan the rebuilding of Iraq, started working with ten other projects in Baghdad and other governorates.

A source in the Ministry of Planning and Development Cooperation of the National Iraqi News yesterday : "These projects are funded from the rebuilding of Iraq include various service areas and infrastructure in addition to other projects in the field of operating unemployed and the elimination of unemployment," saying : "The body strategic outlook for Iraq reconstruction projects reviewed and developed plans to deliver. " He added : "The fund reconstruction of Iraq, which includes a number of donor countries would finance future projects after the allocation of funds from those countries," adding : "These projects will cover Baghdad and the other governorates, as needed to maintain the proposed projects." body strategic outlook for Iraq reconstruction had approved last month more than 10 projects for various ministries, including projects to develop curricula and the introduction of advanced technology in education

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

government develop performance full year before the audit and evaluation

Bayati : Second year will be to deepen the openness and reconciliation and services

Baghdad-Sabah.

The government should focus in the coming year on several files will be in the forefront of providing services to the security and political file, as confirmed by the Attorney Abbas Bayati, who said : that Mr. al-Maliki described the new year was a year of the government's openness and reconciliation and services.

And today, Sunday, the government of national unity begins its second year after a year full of events and developments. The Bayati that Prime Minister was busy in the first year of the government file security, political, and that the events in the Iraqi arena, pointing out that the government has started to move towards the priorities in the first of those tracks file services.

The deputy coalition common that the new year will review the government program which political leaders have begun to rectify the last two weeks on three grounds include address shortcomings that have emerged during the past and strengthen cooperation and coordination between state sites that marred some ice and spacing as well as work on finding a way to support the during all government of national unity.

The program of the government of National Unity 34 items, according to Al-Bayati has added new items to be activate or other review within the government.

Mr. al-Maliki planned in the new year for the government to move forward with several axes.

Shows Bayati axes follows :


-Develop a plan to impose law and copies have been circulated in the provinces, which are manifestations of violence.

-Openness political leaders involved in the political process and participation in political decision-making and assume responsibility and put it in the framework of government action.


-The provision of services to citizens and a cabinet reshuffle, away from the quota system to ensure better services, as well as project implementation service and economic eradicating unemployment.

-Give new impetus to national reconciliation by holding conferences, meetings and stimulate dialogue with the armed groups through these talks get under intermittent meetings to permanently serious.

-Adoption of important laws jurist justice and accountability, oil and finding balanced amendments in the Constitution.

- Openness international, regional and repairing gaps with the Arab countries in particular as well as the quest for debt relief.



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

the signing of economic agreements between Iraq and India

بغداد - الصباح

Baghdad-Sabah.

Leave early this week, a delegation comprising representatives from the ministries of oil, industry and electricity to India to sign a number of agreements. He said the official spokesman of the Ministry of Oil Assem Jihad in a statement quoted (Nina) yesterday, Saturday, :

The delegation from the Ministry of Oil and Industry and Electricity and a number of other ministries headed by the Minister of Oil Hussein Shahrastani leave for India to sign some agreements and contracts that will contribute to improving the economic and service in Iraq. " He added : "The delegation will invite Indian companies to participate in the implementation of projects in various sectors inside Iraq, especially regarding the oil sector, including the establishment of refineries and seeking to increase the import of Iraqi crude oil, especially as they have good experience in all sectors.

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

DNO makes Tawke oil find

18 May 2007 (AME Info FZ LLC)

Norway's independent oil producer DNO has reported making a new discovery in its Tawke field in Iraq's northern Kurdistan region, according to reports.

The Tawke-3 well gave an aggregate test flow rate of 7,000 bpd. DNO had hoped to start exports from Tawke at the end of Q1 2007, but is being held up by negotiations over a national petroleum law, according to Dow Jones Newswires.

Kurds hope to end the differences of Iraqi Energy Law

18 May 2007 (Iraq Directory)

Senior officials from Kurdistan region will head to Baghdad within this week hoping to end the dispute with the central government about the draft law of oil concerning the distribution of oil revenues in the country which possesses the third largest reserves in the world.

Iraqi Prime Minister Nuri al-Maliki, who is under pressure to proceed with the adoption of the important oil law which Washington says it is vital to settle the sectarian divisions among the various sects and nationalities in Iraq, had said during an international economic conference on Iraq this week that the draft law had been submitted to Parliament for voting.

However, a source in the oil industry in Iraq, said that the bill is still in possession of a body of the State responsible for drafting the bill and that the Kurds still have reservations about the supplements which they say that they will withdraw oilfields from under the control of regions and place them under the control of a new oil company owned by the State.

The enactment of the oil law is vital to ensure the introduction of foreign investments to promote Iraq's oil production and rebuild an economy ravaged by wars. The Kurds insist that they want a separate law on the management of oil revenues provides for the establishment of a Kurdish fund; however, the government said it wants to put the proceeds in a central account and distribute them according to the country's population.

Activate cooperation with Russia in oil fields

18 May 2007 (Iraq Directory)

Iraqi Oil Minister Hussein Shahrastani called on Russian companies to participate in the competitions on oil projects, including the development of fields and the establishment of refineries in all parts of Iraq, like the known global companies, after approving the oil law.

Shahrastani said during his meeting with Russian ambassador in Iraq, Vladimir Jamov: “We are discussing with Russia, ways of strengthening relations between the two friendly countries in various fields, particularly in the area of oil and gas; Iraq expresses its desire to develop relations with Russia in a way that serves the common political and economic interests between the two friendly countries”.

Shahrastani pointed out that: “it is necessary to activate the (Iraqi-Russian) joint committee, to strengthen cooperation between the two countries”, and said that:”Russian government should write off its debts on Iraq just like the countries of Paris Club did, and which Russia is one of its members, but has not done so yet; however Iraq expects such initiative from Russia at the International Conference in Sharm el-Sheikh”.

He continued that: “Iraq would not commit to any contract concluded outside the framework of the existing laws that limit the negotiation and contracting in the area of oil and gas to the Oil Ministry, pending the enactment of the new oil and gas law”, adding: “foreign companies must conclude contracts only through the federal government and the Ministry of Oil which warns companies that violate Iraqi laws to bear the responsibility of their actions”. He pointed out that: “any contract in Iraq outside the federal government is considered illegal”.

In an effort to increase oil exports

Iraq talks with Iran on the pipeline from Basra to Abadan port

Baghdad Tarek Al-Araji



Oil Ministry seeks to increase the volume of exports to world markets through the activation of the Iraqi agreement to extend the Iranian pipeline for the export of Iraqi crude oil through Iranian ports and import oil derivatives, including through the same pipeline.

Ahmed Chandler Undersecretary of the Ministry of Oil to "Assabah" : said that the Iraqi side discussed with the Iranian ambassador in Baghdad during his visit last week to the Ministry of Oil ways of activating the creation pipeline for the export of Iraqi crude oil from the south through the Iranian port city of Abadan card (200) thousand barrels a day.

He added that the completion of this project will contribute to increasing the export capacity of Iraq to world markets, adding that it will also be importing oil derivatives through the pipeline to fill part of the shortfall in the country's fuel.
In the same context Chandler said that the ministry also seeks to activate a number of projects to develop the oil industry in the whole country and Zubair gas investment and the establishment of new projects as Abu recitation and gas field development and Khermalh Kermalh country and the gas pipeline and increase energy field east of Baghdad and the implementation of projects of a number of storage warehouses in Najaf Amarah and Karbala.
He explained that there are a number of projects under implementation include the addition Azmerh unit in the Basra refinery unit to improve gasoline from the refinery in each session and Basra.
On the other hand, the Oil Ministry to talk to her a number of Iranian companies to submit their offers for the establishment of four lines in various regions of the country to increase the output of oil derivatives to meet the needs of the country

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

Iraqi Trade Chambers Federation demands the release of its blocked funds
Includes 611 thousand Iraqi traders

18 May 2007 (Iraq Directory)

Iraqi Trade Chambers Federation achieved advanced steps on the road to activate the role of the private sector in the reconstruction of Iraq within the framework of its attempt to make Iraqi traders take their role in the economic variables required in the country. Chairman of the Federation, Jaafar Rasool Al-Hamadani, said: The Federation managed in a short period to settle its internal affairs after electing the board of the unions directories scattered in 18 provinces, including Kurdistan, which in its turn elected President of the Chambers Federation and his two deputies.

He demanded the government to release the Federation’s funds which were seized by the State to protect them from the abuse of the remnants of the old government’s organizations.

He said: The reasons behind the seizure are over after the Federation’s board of directors had met and elected the President and his two deputies in the city of Arbil in Kurdistan, where elections were held in July last year, and they were followed by complementary elections in 27 / 12 / 2006; he expressed his hope that the ministerial committee would release the funds so the Federation could achieve its objectives and implement its obligations.

He added that the funds will promote the performance of unions and assist in implementing various programs to enhance the performance of Iraqi traders and expand cooperation relations with the world’s countries to benefit from international experiences through exchanging delegations and the establishment of training courses to prepare traders to keep up with the development after being detached from the world for many years.

Al-Hamadani pointed out that the members of the Federation and its branches throughout the country amount to 611 thousand trader of various magistrates, and this indicates the importance of the Federation as a critical link in dealings, cooperation and coordination among the State’s departments and ensure the rights of traders in business dealings.

He said that the adopted laws and legislations does not suit the responsibility of the Federation and its branches in the new transformations in the country and that they need to be renew to expand the performance of the private sector, pointing out that the most important features of the market economy, which represents the economic program of the new Iraq, is how effective the private sector and its role in the leadership of economic transformations.

Jaafar Al-Hamadani addressed a very important issue which is the intellectual property law, and said: "If this law is ratified and succeeded, it would achieve all the economic and social changes”.

He stressed the need for Iraq to join the World Trade Organization and said: joining the Organization means to re-gain Iraq’s international role and entering the world market, since Iraq enjoys many advantages like possessing treasures and natural resources and being one of the rich nations in the world, pointing at the importance of openness to the world and to achieve the return of Iraq into the international arena.

About the qualification of Iraq’s joining the Organization and the ability of the private sector to lead the economic transformation, he said: Iraq possesses mental, intellectual and scientific expertise well-known in the world, but the private sector needs the government’s support at this stage for the advancement of performance and achieving transformations.

Al-Hamadani also pointed out that the Federation sponsored and organized a number of exhibitions of reconstructing Iraq held in Iran and Turkey, and there is an intention to hold ones in the Gulf States. The Federation participated in the exhibition at Ein Tabb in Turkey as well as in the exhibition at Diyar Bakir, and exhibition of medical and pharmaceutical industries in the State of Kuwait. He pointed out to the importance of such exhibitions in informing the Iraqi merchant and businessman on the the evolution of the world in different areas and the transfer of global experiences in this field.

Among the most notable achievements of the Federation is approaching the ministries of Finance and Trade to activate the role of traders and contribute in bringing items of the ration card and they did defy the difficulties and brought the items despite the complicated security circumstances.

Al-Hamadani stressed that the Federation is still pursuing the issue of the traders affected by the terrorist operations in the commercial markets of Baghdad and other governorates, and demanded compensation, in addition to approaching the Ministry of Finance on granting traders facilitated loans to expand their business and has achieved remarkable steps in this regard.

He pointed out at the conclusion of the meeting to the promising future awaiting Iraq after the Investment Law was approved, which he described as the key to start the economic development in the country, and it will contribute to attracting foreign capital and modern technology, which contributes to the reconstruction of Iraq, pointing out that the advantages included in the law guarantee the rights of Iraqis in the partnership with international companies as well as contribute in the fight against unemployment through creating job opportunities.