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

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Translated version of ÌÑíÏÉ ÇáÕÈÇÍ

Imad Principality


Banks characterized activity eligibility in Iraq since the 1990s and there are a number of obstacles in its tracks banking, private banks suffering from the result of modest financial resources and limited ability to interact with the data bank of modern technology.


Especially in the light of the high Asaaralamadat and modern methods in real terms compared to the resources of these banks and private banks facing limited interaction with foreign banks and this led to a large information gap and that it lacks what might be called historical depth, which enables it to employ banking relationships precedent for use during the contemporary stage, and one of the most prominent aspects of the suffering of private banks in providing expertise and technical strength is its dependence on elements Bank (Rafidain and Rasheed), particularly those who have completed their services schemes and then moved to work in private banks or who resign for any reason, and this Cadres though experienced in the field of banking (public sector), but lack the work requirements Al-Serafi talk has led excessive reliance on the banking sector tables year to a state of strong competition between private banks to make such Cadres regardless of whether caused by complications related to the banks However, it managed private banks Iraqi Since its founding contribution in the provision of services bank to the Iraqi economy, although this contribution was modest in both activity and attract liquidity individuals and companies in the field or to provide them with credit facilities, a situation of great disparity between the levels of private banks, the result of different experiences and competencies departments of these institutions.


Today, as the changes are the way to correct economic imbalances. The move seemed clear in the pursuit of partnership with global financial institutions advantage entering new investment law into practice shows that the next few days will see a noticeable improvement in the performance of the banking sector and this is what the National reliable to involve the private sector in economic activities and to sort out the transition from the totalitarian economy to a market economy

***Totalitarian economy-a political regime that forces a strict control of all aspects of life by coercive measures. It also means that they trade how they want to by their own rules.

***Market economy-a free place of trade and commerce. It means Iraq will trade freely by the worlds standards without restrictions. In order to do this they will need to strengthen their currency.

Negotiations for the implementation of reconstruction projects worth 350 million dollars in Iraq
Source : Zora
10 / 05 / 07

.Iraqi businessmen held preliminary negotiations with Arab and foreign companies for the implementation of urgent reconstruction projects cost approximately $ 350 million and at the conclusion of his fourth Iraq reconstruction, which concluded today, Thursday, in Amman.

جنبية.The Executive Director of the "Iraqi Business Council," Knight reformer that Iraqi businessmen held over four days preliminary negotiations with their counterparts in the 40th Arab and foreign countries.

وقدّر.B reformer and a $ 350 million contract size based on the expected conclusion of those negotiations.

".Contracts are expected in the sectors of water and electricity, including the agreement of intent between the ages of Basra (in the far south of Iraq) and foreign companies did not specify the nationality of the rehabilitation of a power station, "Khor Al-Zubair."

.According reformer participated in the exhibition Iraq 1000 industrial and commercial body from 45 countries, including Iran and the United States-in Almelthamtan Mcasarh wills and an ideological conflict on the Iraqi arena since it occurs under occupation in the spring of 2003.

تبحث .Iraqi companies looking for "priority materials, information technology and investments of urgency" to implement development projects.

إلا.However, investors and businessmen complain of rampant corruption and insecurity in Iraq prevents the entry market oil-rich state fought three wars since 1980 and was subjected to international embargo for the past decade.

.Official estimates show that the independent Iraq needs 60 billion dollars for the rehabilitation of its infrastructure, third in the electricity sector-developer for decades.


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100 million dinars to encourage farmers to cultivate olive Babylon

محمدGuinness Mesopotamia : Hilla / Amir Muhammad

.The Ministry of Agriculture allocated 100 million dinars to make grants to encourage farmers to cultivate Babylon olive trees high oil Mahmud said Moheisen Chairman of the Agricultural Council in the maintenance of the (Guinness Mesopotamia), these sums will be granted to farmers by 5 million dinars each dunum planted with olive trees that the farmer used in drip irrigation system watering olive trees, pointing out that the amount of 1 million dinars agricultural grant is not being paid back.
http://64.233.179.104/translate_c?hl.../nhr0510k.html

الحالىMinister of Industry : Our transition to a free economy the end of this year من ميادة داودThe Dietary Dawood
)Amman - (Voices of Iraq)
.Egyptian Minister of Industry and Minerals Iraqi Francois Fawzi Hariri today, Thursday, that the economic objective of the government in Iraq is the transition from the economic system monopoly to free competition, which is based on high quality and cost as grounds for continuing the long run.
."The Hariri, in an interview with news agency (Voices of Iraq) Independent, at the end of the exhibit reconstructing Iraq IV, which opened in Amman last Monday, said that "this was in the interest of Iraq to provide the environment to economic competition for foreign production and providing job opportunities," pointing out that "the main objective also providing maintenance for workers in the ministry and expand these facilities for the provision of job opportunities which face growing unemployment rates we are experiencing at the present time. "
."He added that "the files that were put on joint cooperation between companies and the Ministry of Industry and companies belonging to cement plants and petrochemical plants, iron and steel in Basra, fertilizer plants and glass in Anbar."
."He added, "This is the first phase of the ministry opened up labs for domestic investment and investment Iraqi immigrant, as well as foreign, and the second phase up to the end of June June and the end of September 3rd and 4th December end December first."
مثلا."And on guarantees offered by the government to investors with the deteriorating security situation and proliferation of administrative corruption and the extent of the Ministry's ability to attract capital Iraqi immigrant said, "in terms of the Iraqi government, we will hold our agreements on all the bases required under the umbrella of the Investment Code, which provides investors the opportunity to work in all parts of Iraq first. Secondly the opportunity to benefit from the cash and profits and transfer abroad without any complications, as is happening in some neighboring countries, for instance. "
."He added, "either in terms of security companies must be studied well the areas in which they invest There are currently more than 70% of the appropriate places and safe one that can be invested." .He pointed out that Al-Hadithi Prime Minister Nuri al-Maliki stressed that the Iraqi government will work with all its power to provide those companies safe place to work.
."And on extended contracts to be awarded to companies said, "The focus will be on contracts between 15 and 20 years, it is considered a medium-term contracts."
."He stressed that "the objective is to get everyone to benefit from the transaction because this period so good" benefit the Iraqi citizen and the Iraqi government as well as the companies that work with us and the areas within this period ranges significantly different from light and heavy them. "
.He also Francois Fawzi Hariri highlighted the importance of benefiting from the MIC disbanded, saying that "they" is an essential part of the plan, there is expertise and highly qualified aspire to Alastphah them in the ministry and will work to Nahor some of them to civilian production, because they produce military items as soon as possible, and open these companies to invest and participate. ت."As for the companies destroyed or others able to work Vesendman cadres to work in other companies, but our main goal is to restore the work of these companies. "
."He referred to "the possibility of some companies light weapons - if we can-as part of the requirements of the Ministry of Defense and Interior."
وحول."Regarding the anticipated results of the reconstruction of Iraq Exhibition which concluded today in Amman said, "the exhibition is the outcome of what exists, and there is a specific period in accordance with the law whereby the door open for bidding and will be forming a committee of the ministry and better contracts will be taken before and during the month we will start signing contracts."
."And about the size of the industrial economic relations and the possibility of industrial cooperation between Iraq and Jordan, said that "industrial relations between Iraq and Jordan, is not clear but it was lower than in the past and our ambition is greater cooperation with Jordanian companies with contracts that are signed and we respect and wish to evolve, but our ministry industry is to deal with global companies in order to gain through experience and efficiency and fill the blanks through modern technology. "
ح نH n

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Intelligence sources : Sharm el-Sheikh Section Iraq into three states

(صوت العراق) - 10-05-2007

(Voice of Iraq) - 10-05-2007

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Intelligence sources Middle East were present at the meetings of Sharm el-Sheikh agreement has been practically many influential in the Iraqi issue to divide Iraq into three states in the center and a Shiite south under Iranian protection and the State of the Sunni western Iraq under the protection and guardianship Saudi state in the north to protect the Kurdish and American trusteeship Turkish interests with the Iranian because they promised heavy investment in the fledgling Kurdish state and done with the consent of American.
Intelligence sources say that the American aim of the security plan is, in fact prevent the emergence of a fourth belonging to the base, at the end of the battle with Al Qaeda will go the United States to control the oil wealth to be divided equally between the States and the nascent Iraqi armed forces and Iraqi guarantee protection.
Sources show that Iran believes in Iraq's Kurdistan great investment opportunities and promising and this reflected by the visit of the Prime Minister of Kurdistan recently to Iran.
But Turkey is the other believes in the State of Kurdistan is a great opportunity Turkey was among the first that dominated the process of building infrastructure Kurdish mega projects coming to the United States also will allow for a unitary Turkey Basstekataa Hajar be separated to prevent any attacks from the PKK in Turkey.
The sources emphasized that the heads of delegations in the Sharm El-Sheikh conference has danced to a proposal to divide Iraq, it is reality and developed for application is not impossible.

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

bbbb

Originally Posted by rvalreadydang

100 million dinars to encourage farmers to cultivate olive Babylon

محمدGuinness Mesopotamia : Hilla / Amir Muhammad

.The Ministry of Agriculture allocated 100 million dinars to make grants to encourage farmers to cultivate Babylon olive trees high oil Mahmud said Moheisen Chairman of the Agricultural Council in the maintenance of the (Guinness Mesopotamia), these sums will be granted to farmers by 5 million dinars each dunum planted with olive trees that the farmer used in drip irrigation system watering olive trees, pointing out that the amount of 1 million dinars agricultural grant is not being paid back.
http://64.233.179.104/translate_c?hl.../nhr0510k.html

100 million dinars? IMO, this does not sound very good for a decent RV anytime soon. I don't know of many (if any) farmers in the world that are multi-millionaires (5 mil each). It would appear that a 1:1 would be out of the question if this takes place. Or, is this a total payout for all? Opinions?...Thoughts?

Patty

Originally Posted by davzgirl

bbbb

100 million dinars? IMO, this does not sound very good for a decent RV anytime soon. I don't know of many (if any) farmers in the world that are multi-millionaires (5 mil each). It would appear that a 1:1 would be out of the question if this takes place. Or, is this a total payout for all? Opinions?...Thoughts?

Patty

when the revalue takes place price adjustments for everything will be made. you cant really base when or if the rv takes place by looking at figures that are still reflecting the old rate.

WASHINGTON (CNN) -- The House of Representatives on Thursday passed a $96 billion war spending measure, despite a veto threat from President Bush.
The bill, passed 221-205, would send the Pentagon about $40 billion up front to fund U.S. combat operations into July.
Additional funding would be dependent upon progress in the four-year-old war, based on a review of how well the Iraqi government was meeting a series of benchmarks.
Earlier, Democrats narrowly beat back a Republican amendment that would have lifted the restrictions in the bill. Rep. John Murtha, a leading critic of the war, said the amendment would have removed any leverage the bill would give the United States over the shaky Iraqi government.
"We've got to put some pressure on them," said Murtha, D-Pennsylvania. He added, "Every time Iraqis don't do something, Americans are put in the killing zone."
Republicans, however, called the plan ill-conceived. House Minority Leader John Boehner accused Democrats of pushing a bill that would "bring failure in Iraq."
"The president of the United States has made it clear that he will veto this bill. The Senate leaders, Democrat and Republican, have made it clear that this plan has no chance in the other chamber," said Boehner, R-Ohio. "Yet here we are, playing political games while our troops are fighting for our freedom and our safety in Iraq."
Unlike the bill Bush vetoed on May 1, this measure sets no timetables. Earlier Thursday, the House voted down a Democratic proposal to withdraw U.S. combat troops from Iraq within 180 days.
The war funding measure will now be sent to the Senate, where Republican and Democratic leaders have been trying to work out a compromise with the White House. Bush on Thursday vowed to veto any bill with "haphazard" funding.
"The idea that the House of Representatives put forward is one that we will fund our troops by piecemeal," he said.
The administration has said it wants to see a bill that funds the war through September, the end of the budget year.
The additional troops requested by Gen. David Petraeus, commander of U.S. troops in Iraq, won't be in place until the middle of June, when the fifth and last brigade arrives. Three additional American brigades, totaling about 12,000 troops, have taken up positions and are conducting operations. The fourth American brigade of reinforcements just entered Baghdad and its surrounding towns, Bush said.
"My message to the members of Congress is, 'Whatever your beliefs may be, let's make sure our troops get funded. And let's make sure politicians don't tell our commanders how to conduct operations. Let's don't hamstring our people in the field.' That's my message," the president said.
Bush open to benchmarks

The new bill sets a series of standards for Iraq's fledgling government to meet in order to receive continued American support. Bush said Thursday that he thinks setting benchmarks would be a good way to evaluate progress in Iraq.
The president said he has asked his chief of staff, Josh Bolten, to find common ground with Republicans and Democrats in Congress on benchmarks.
The president made his remarks after a meeting at the Pentagon with Defense Secretary Robert Gates, Chairman of the Joint Chiefs of Staff Gen. Peter Pace and Joint Chiefs members.
In the past, the Bush administration has opposed timetables with consequences attached.
Senate Majority Leader Harry Reid, D-Nevada, welcomed the president's willingness to set benchmarks, but added that "simple benchmarks without any consequences" would not be enough.
"In addition to fully funding the troops, Congress believes the best way to change course in Iraq is to redeploy our forces from Iraq; refocus the mission of the remaining forces on security, training and counterterror operations; launch a diplomatic, economic and political offensive; and hold Iraq accountable, including meaningful benchmarks for the Iraqi government and security forces -- and consequences if they do not," he said in a written statement.
House Speaker Nancy Pelosi, D-California, echoed Reid in a written response to Bush's remarks.
"The president has long said he supports benchmarks; what he fails to accept is accountability for failing to meet those benchmarks. Benchmarks without consequences and enforcement are meaningless, a blank check," the statement said.
The Bush administration has asked for more than $95 billion to pay for the costs of the wars in Iraq and Afghanistan, most of which would go to Iraq.
Bush, GOP lawmakers hold 'candid' talk about Iraq

The president's remarks about benchmarks come two days after he and other high-level administration officials met with a group of 11 GOP lawmakers to talk about their frustrations with the war in Iraq and its possible political ramifications.
White House spokesman Tony Snow, who attended the meeting, said that while "there were a wide range of views" expressed, not all of the participants lashed out at Bush. He also cautioned against elevating the significance of the meeting, noting that Bush has numerous meetings with lawmakers in both parties.
One source who attended the meeting, which was first reported by NBC News, said lawmakers "were candid and frank and said they needed results by September because their constituents were worried," although the source said the sentiment was no different than what Republicans have been saying in public and during previous White House meetings.
Rep. Mark Kirk, R-Illinois, told Bush that without positive results soon in Iraq, his district will be prepared for defeat, the source said.
A senior GOP lawmaker told CNN that Boehner brought the members down to "speak directly with the president" and the "members were matter-of-fact about what they said to him."
Administration officials at the meeting included Bush, Secretary of State Condoleezza Rice, Secretary of Defense Robert Gates and the president's chief political adviser, Karl Rove.

House passes new war funding measure - CNN.com

Understanding that 'Iraq is at the centre of a stable Middle East'

(MENAFN - Jordan Times) Michael Jansen

On Tuesday The New York Times carried an allegorical article by Kirk Semple from the village of Juwayba in Iraq. He tells the story of Sheikh Ahmed Mousa Khalaf Al Dulaimi, a 74-year-old Sunni tribal elder turfed out of his villa in January by the US army which turned his home into military barracks and his garden of fruit trees and flowers into a rutted ruin of mud or dust, depending on the season.

While US soldiers settled into most of the house, smashing windows and replacing them with sandbags, Shiite troops took up residence in the diwan. Dulaimi sent his family to nearby Fallujah where they rented a flat, and moved in with his son across the road from the grand 11-room villa where he had previously lived and received friends in style.

He began construction on it in 1991, in the wake of the first Bush war on Iraq, and work was almost completed when the second Bush invaded and occupied the country in 2003. The sheikh is paid a paltry $2,000 annual rent for the property but is demanding $40,000 for stolen or destroyed furniture.

What will he need to put his house to rights after the troops leave? Semple says nothing about that. He quotes Dulaimi as saying: "It's not just my house. They have taken Iraq. They have taken everything� [They] destroyed everything in Iraq."

Before they leave, Dulaimi insists they have to "fix the situation". To accomplish this impossible task, the Bush administration now realises the US needs help from Iraq's neighbours, the UN and the international community. This is why the ministerial conference was convened last week at Sharm El Sheikh, the luxurious Egptian resort of last resort.

At this conference, delegates from 60-odd countries agreed on a UN-sponsored International Compact with Iraq. This document calls upon governments to help Iraq end the insurgency and civil strife and provide debt relief. In exchange, Iraq must implement "benchmarks" which would promote reconciliation between the Shiite fundamentalists who run the show and disaffected Sunnis, secularists, Christians, Turkomen and non-fundamentalist Shiites.

The Arabs, in particular, are impatient because the "benchmarks" have been on the agenda of the government of Prime Minister Nouri Maliki since it was formed last May. The Arabs want Maliki to begin implementation now, while the US takes the view that he can carry out these obligations only when the ongoing US-led pacification campaign achieves progress.

The Arabs rightly argue that opponents of the occupation and US-backed regime will not lay down their arms if the government does not amend the flawed constitution, adopt a reasonable hydrocarbon law safeguarding Iraq's oil reserves and providing for just revenue sharing, halt de-Baathification, dissolve Shiite militias and spend accumulated revenues on reconstruction.

In the aftermath of the Sharm El Sheikh conference, Iraqi Vice President Tariq Al Hashimi, head of the Iraqi Islamic Party and the senior Sunni in the government, added his voice to the Arab call for implementation of the "benchmarks". He threatened to pull his 44-member bloc out of the government by May 15 if the required amendments are not made to the constitution. He insists, in particular, that the provision permitting Shiites to form a super-Shiite autonomous region in the south, comparable to the Kurdish autonomous region in the north, should be abrogated. He fears that retaining this provision could permit the division of Iraq into Kurdish, Sunni and Shiite statelets and lead to the dissolution of the country.

Hashimi revealed that he turned down an invitation to the White House until the US decides to exert real pressure on the Maliki government to deliver.

Hashimi's withdrawal could lead to a pullout by the Iraqi National Party (Iraqiya), led by Iyad Allawi, with 25 seats and the National Dialogue Front with 11. This would deprive the Shiite fundamentalist dominated government of its claim to be a "national unity government" and destroy prospects for reconciliation.

Hashimi launched this challenge to the Bush administration as Vice President Dick Cheney was about to embark on visits to Amman, Abu Dhabi, Riyadh and Cairo to drum up support for US policy in Iraq. It is curious that the administration should decide to dispatch Cheney on such a mission, for he was a main architect of the disastrous Iraq war. Ideologue Cheney also heads a power centre competing with the so-called "realist" group, led by Secretary of State Condoleezza Rice who attended the Sharm El Sheikh event.

Analysts wonder if Cheney is being sent to tell Arab leaders that the administration does not take seriously Rice's 25-minute meeting with Syrian Foreign Minister Walid Muallem or friendly post-lunch exchange with Iranian Foreign Minister Manouchehr Mottaki. Cheney is, after all, on the record as opposing such contacts. Or is Cheney saying that the administration is, in fact, trying to reconcile with Damascus and Tehran even though the effort has, so far, been on the public relations level only and has not achieved an inch of political progress with two of Iraq's neighbours who could contribute their might to stabilising the country?

Cheney's current visit reminds Arab leaders and citizens of his 2002 tours when he went to Saudi Arabia, Oman, Yemen, Kuwait, Qatar and Turkey to drum up support for the US plan for war and regime change in Iraq. The Arabs and Turks warned him then that this would destabilise Iraq and the region. But he and his boss did not listen. Ironically, on the eve of last week's Sharm El Sheikh event, Cheney's competitor, Rice said, "Iraq is at the centre of a stable Middle East or an unstable Middle East," when she appealed for backing for US and Iraqi government policies. At least she seems to have learnt something from the US disaster in Iraq.

It remains to be seen whether Cheney and his boss have. I wonder if they read the allegory of Sheikh Ahmed and understood its message

MENAFN - Middle East North Africa . Financial Network News: Understanding that 'Iraq is at the centre of a stable Middle East'