Thread: Iraq/Dinar News Until 5/31/2007 7:15 PM CST..

Justice / Ali Zuhair Al-Rubaie : Rafidain Bank announced approached advanced banking services to the beneficiaries, said the source at the bank I am one of the most important programs of work are coming restructuring of the bank and the application of the Comprehensive

.The introduction of the credit card or smart card and automatic teller system, linking bank accounts with banks, local, Arab and international and other sophisticated business, which would access the bank to the ranks of advanced international banks. .He added the bank exercises all banking transactions, whether internal or external, through branches of the 147 branches inside Iraq, in addition to 9 branches outside Iraq and has a distinguished position among agents so that the title of economic activity in Iraq. وة .In the area of bank credit Bank issued several instructions to grant loans to each of :-a. Microfinance. ب.B. Rafidain Bank lending staff, and government departments in advance personal and advance for marriage. ج.C. The granting of loans to all sectors of Iraqi dinars and foreign currency. .D. Granting loans to graduates of colleges and institutes within the Ministry of Labor and Social Affairs.

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ستثمارA symposium to discuss the prospects of investment


ميسان / المدىMaysan / long
نظم.Center forward sincere in Maysan symposium panel on (the prospects for investment in Missan governorate) and the Hall building has been maintained during the review of the current reality of the province of Team Information Center of the Office of the Governor of Maysan attendees then discussed investment opportunities in the province and how to help investors and discussed how to prepare a guide for investors The opening dialogues for the development of this sector at the end of the symposium attendees recommendations included : accelerating the formation of the local investment in the province of Maysan. He urged public and private sectors to prepare comprehensive database of the actual reality of each sector, resources and investment opportunities available.
.And the emphasis on providing the necessary facilities to encourage investors to reduce administrative red tape.

.And the need to continue to hold panel discussions with the relevant sectors, which would create the information needed to make investment in their sectors.
.The attendance Iraqi Central Bank and banks to reduce the rate of bank interest to facilitate the work of investors and the swift opening of the bank credits in the province of Maysan.
. The Symposium was attended by Adel Al-Radi Mehouder governor of Maysan and Kadim behind Vice President of the Provincial Assembly and the Chairman and members of the investment in the province and a selection of spe******t teachers.

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foreign investment and its role in the petroleum industry




كاظم موسىMousa Kazem
Iraqi oil sector of the oldest regional oil sectors, and it is the largest national economic sectors, as a basic rule of the overall economic activities that are Iraqi, and represents the oil sector source




The basis for the financing of the national financial, and adopt the state budget almost entirely on the resources of the oil sector and by 98% of the total proceeds of the national income, therefore, is the first private-funded governmental actors, which is spending on various projects and services to current and future by identifying the culprits in the financial and monetary policies governmental, leading up to the level of granting the real value of the national currency (the dinar) awarded by the state steadiness and stability, which reflect positively on the living standards of the individual and society, including the oil sector needs to develop processes for the entire share. should recourse to foreign investment to finance the work of joints that sector to determine the quality and quantity of foreign investment, after the economic feasibility study required, in addition to determining the joints eligible for investment, It must be the engine base in the petroleum industry (extraction) that the government sincerely Acosta joints extractive industry will be (a big role in guiding the industry according reconciliation whose pricing policy and determine how much and what type of surroundings. Maiedi to have a negative effect on the political decision. It is more appropriate to foreign investments, in particular, the capital of Iraqi expatriates joints towards establishing oil refineries and service departments, such as those for construction, as well as possible direct those investments towards modernization and support joints transport petroleum products (fuels from and to Iraq, as well as pipeline projects oil derivatives (oil - and-white liquid gas) inside Iraq and this requires billions of dollars and dinars to extend thousands of kilometers away from the pipeline for delivery of assembly plants Chairperson reservoirs subsidiary, which in turn leads to the industrial parks, commercial and town centers, It is the way the distribution of petroleum products within cities in the very backwardness and primitive hand they rely wagons and sedans donkey carts, along with the bad packets distributed those products, Pednani liquid gas specializes feet and damaged, and the best way replaced by networks of connections tubes in place in some residential complexes list, as is foreign investment in this oil detailed many benefits are cut and crisis situations of scarcity, in addition to absorbing a large amount of unemployed labor and other trained personnel, as well as easing pressure on the budget of the Ministry of Oil recycles funds allocated for the establishment of similar projects to other projects, Investing in this key is promising and successful because of its guaranteed benefits for investors, it must have foreign investments in the service of the national economy through contributing players in the construction Srouheh / It may amount of those investments to the national economy, increase financial streams is a great contribution to the export of products. oil to the outside world through the ranks of oil, to be constructed by these investments, rather than relying on existing government that the refineries are unable to meet the growing domestic demand for petroleum products in general and motor fuel (gasoline and gas oil) in particular, the accounts of the Ministry of Oil to import petroleum products are assigned government treasury (5) billion dollars annually allocated for the imports reclaimed from the amounts allocated to spend on infrastructure projects and services projects, as well as manifestations of the crisis of scarcity, and which acquired a permanence and continuity, what leads to the use of foreign investments through conciliation joints oil mentioned leading to the benefits of vehicle, reflect positively on overall economic activities other, and establish a process of social welfare that pass through the phase of economic prosperity.
Translated version of http://www.alsabaah.com/

The discovery of the largest natural gas field in Iraq extends from Mosul to the Saudi borders


12:06 2007.05.24 12:06 2007.05.24

PUKmedia :PUKmedia :

.A spokesman for the Ministry of Oil Assem Jihad yesterday, Wednesday, the existence of the largest natural gas field in Iraq extends from the border of the province of Nineveh to the existing Western and has extensions up to the Iraqi-Saudi border, estimated productivity card accompanying initially estimated at about 100 thousand barrels per day.

.The Jihad said in a statement to Radio (Sawa) that the European Union is interested in exceptionally realm Acas invader in Iraq, because of its proximity to the European Union via strategic gas pipeline project linking Egypt, Jordan and Syria through Turkey to the European Union.

.He pointed out that the Jihad of the Ministry of Oil held intensive talks with the European Union delegation in the past few days on the field Acas. .He stressed that future investments in the field of Acas would make Iraq the largest producers of natural gas

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التموينيةTrade needs to be an additional $ 1 billion to cover the ration card
- 23/05/2007News and reports-23/05/2007


برسBaghdad-file Press

.The Ministry of Trade confirmed that they needed an additional $ 1 billion to cover the syllabus of the ration card. وقال.Trade Minister Abdul farmer Sudanese parliamentary committee formed to consider the request, pointing out said that the Iraqi state budget for 2007 allocated approximately three billion dollars to cover the costs of items ration card, stressing that the ministry will deal with this budget, and the government has shown willingness to cooperate with the request of the Ministry of Commerce.

.The Iraqi government reduced its overall budget for the 2007 financial allocations for ration card from four billion to around three billion, which raised objection number of Iraqi representatives

التجارة بØ*اجة إلى مليار دولار إضاÙ�ÙŠ لتغطية البطاقة التموينية

hmmmmm, i know a way they could stretch what they already have

Ministers pledge to the Iraqi government





الصباحBaghdad-Sabah.
لمالكيMinisters decided to continue the existing Iraqi government of national unity even though the President existing Dr. Iyad Allawi to withdraw from the government and parliament. Transfer reliable source that these ministers will continue their work in the government of Mr. Nouri Al-Maliki


.Without indifference to the call may launch Dr. Allawi to withdraw from the political process ran according to information from a meeting with him in Amman last week.
.The news reports that Dr. Iyad Allawi said during the meeting lasted for days XVII, XVIII and XIX of this May that it might resort to the withdrawal of its list from the government and possibly parliament in a step described by observers as part of an attempt (coup) to change the government of national unity.
.The source who requested anonymity told (morning) : he felt fully confident of a number of existing Iraqi ministers that they will not respond to a request to withdraw from the government. The position of the ministers with the views of many members of the House who Astejnoa call for a coup, adding that this exceeded the constitutional referendum and said in interviews l (Sabah) yesterday : that this attempt to drag the country into civil war.
.According to the source, the existing Iraqi ministers emphasized that Iraq's interest will remain above partisan considerations and political conflicts.
.It is noteworthy that the Iraqi List Astusert Mohammed Tawfik Allawi's contacts and minds Mikhail human rights and Muhammad Abbas Aribi one of the Ministries of State and Hashim Shebli (resigned) of justice.

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Originally Posted by rvalreadydang

The discovery of the largest natural gas field in Iraq extends from Mosul to the Saudi borders


12:06 2007.05.24 12:06 2007.05.24

PUKmedia :PUKmedia :

.A spokesman for the Ministry of Oil Assem Jihad yesterday, Wednesday, the existence of the largest natural gas field in Iraq extends from the border of the province of Nineveh to the existing Western and has extensions up to the Iraqi-Saudi border, estimated productivity card accompanying initially estimated at about 100 thousand barrels per day.

.The Jihad said in a statement to Radio (Sawa) that the European Union is interested in exceptionally realm Acas invader in Iraq, because of its proximity to the European Union via strategic gas pipeline project linking Egypt, Jordan and Syria through Turkey to the European Union.

.He pointed out that the Jihad of the Ministry of Oil held intensive talks with the European Union delegation in the past few days on the field Acas. .He stressed that future investments in the field of Acas would make Iraq the largest producers of natural gas

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Having driven from Mosul to Kuwait and the border with SA, this is like saying that all of Iraq is a natural gas field. Take a good look at a map and you'll see just how big this country really is. Again another report as to how important natural gas is playing in the overall picture.

Originally Posted by fredgwest1999

Announcement No.(931)
D.G. of Foreign Exchange Control

The 931 daily currency auction was held in the Central Bank of Iraq day Thursday 2007/5/24 so the results were as follows :

Details NotesNumber of banks12-----Auction price selling dinar / US $1259-----Auction price buying dinar / US $-----------Amount sold at auction price (US $)43.535.000-----Amount purchased at Auction price (US $) ------ Total offers for buying (US $)43.535.000-----Total offers for selling (US $)-----------

Just a thought......Thats 2 days on 1259....I was wondering what the likelihood of the rate going back to 1260.....then the reval happening as everyone had hoped.....??
Regards

Number of banks 12 -----
Auction price selling dinar / US $ 1259 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 43.535.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 43.535.000 -----
Total offers for selling (US $) ------ -----


Gooooooooooooooood Morning Rolclub


"The More They Take, The More We Make"
"Stay the Course, its the difference between Winners and whiners"


10.67 Trillion taken out and still the Party has not started


1. "0" Dinar rate change today, it was 1259, it is now 1259

2. A (net) worth of dinars, IQD - 54,810,565,000 pulled out of circulation today 5/24/07.

3. 12 banks participating today

4. 150th auction since the beginning of CBI's reval plan

5. 236 days into the CBI's reval plan. (Seven Months +)

6. 10,676,913,923,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 6,323,086,077,000

7. "0" Dinars back into circulation today

8. 218 dinar change since Oct 1st (baseline was 1477) 14.759% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 1 point reduction in the rate so far this week. Was at 1260 at the end of last week, 1259 so far this week.

10. 10 point drop in the month of May. Ended at 1269 in April, now stands at 1259
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.
In March we saw a .546% drop in the rate.
In April we saw a .3142% drop in the rate

Originally Posted by roycepsam

Just a thought......Thats 2 days on 1259....I was wondering what the likelihood of the rate going back to 1260.....then the reval happening as everyone had hoped.....??
Regards

Royce, it's a possibility, i have seen it bounce back and forth in the past....as long it's a bounce that brings us back to the rv i'm game!

btw, i love your sig daffy, lol