Thread: Iraq/Dinar News until 6/17/07 8:30 PM CST

Originally Posted by Hkp

Guarantor requirement for Industrial loans dropped

Guarantor requirement for Industrial loans dropped Translated by IRAQdirectory.com - [08/06/2007]


An official source in the Ministry of Industry and Minerals said on Monday that the ministry has

decided to amend regulations for granting industrialists facilitated loans through the industrial development department. The requirement for guarantors and the actual presence of a project’s owner have been canceled, giving necessary flexibility to the loan granting mechanism.

The source, in a statement issued by the ministry, explained, "the industrial development department will make loan grants to 150 out of 500 applicants very soon," but he did not specify a date.

He said, "Al-Rasheed Bank and all its branches is preparing to start working out delivery, which will cover loans for three categories - 15, 20, & 25 million dinars in the province of Baghdad (exclusively); special requests will be studied by a legal and technical committee, examining such indicators concerning industrial projects as type, energy requirements, and products, as well as ownership of land for the project and the number of workers registered in the computer database. "

Among the conditions to be met by the industrialist are: to be identified in the current year, 2007, the amount of the loan required (depending on the nature of the project), and estimates of the special grants committee of three categories or their equivalent in dollars; the loan to be repaid within a period of four years, including the approval period of one year, with calculated benefits, and the amount of interest on the loan is set at 2% annually.

http://www.iraqdirectory.com/DisplayNews.aspx?id=3895

Yessiree, if they want the pay equivalent they are gonna have to do something mighty drastic to make any contracts worth the effort!!!

the new retirement law awaiting approval by Congress




بغداد - الاء الطائيBaghdad-Ta'i A'ala
من.It is hoped that the House of Representatives approved the new retirement law in its near future. قراتهA source in the Finance Ministry told "Assabah" : that the House discussed the law through two readings during previous meetings and is awaiting a third reading amendments proposed by the House of Representatives on some of its paragraphs



.And preparing the final draft of the new law under the amendments.
.He added that the Council demanded hosting Finance Minister Baqer Jabr Al-Zubaydi during the third reading of a certain clarifications and feasibility of the law.
.The source indicated that the law holds the consent of the majority in the House being Sincef large segment of society need to support and contribute to the amendment of the monthly income for them and improve their livelihoods under difficult conditions and high prices.
د.It appealed to the retirees in turn need to accelerate the discussion draft law, a third reading at its next due to the threat of the utmost importance to them and they desperately need the government to support and reward their efforts in the past to serve their community and country.

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

Oil Refinery
عماد الإمارةImad Principality
لتيGaining the petroleum refining industry, which is one of the most important phases of integrated operations in the petroleum industry, particularly important since beginning prospecting, exploration and expiring marketing products, and enjoys speaking it only means




.We can use the crude oil extracted from beneath the ground, and the importance of this lies in the derivatives used for many purposes including household cooking and heating and is also used widely in the Transportation Department in the machine and as a precursor in chemical and Petrochemical Industries complain of a decline in oil production due to obsolescence and although it installations are complex and charged its huge capital where the industry looks set of production units and warehouses for the storage of crude oil. في.In Iraq, there was a need to support this industry and renovation instead of spending money on importing oil derivatives, in order to meet the market needs of the local Iraqi oil products rather than relying on the exports of neighboring oil derivatives, The activation energy of domestic productive so they can obtain additional financial resources through export of surplus petroleum products, and this means diversifying export products and not only on the export of crude oil, thus improving the balance of payments with any economic balance, which is one of the objectives of the country's economic policy, because the industry sophisticated oil refinery in Iraq will enable us to redouble Ward ton of crude oil to about ten times when selling oil products, oil experts have estimated that the refinery 20 million tons of crude oil will give us the equivalent of the sale of 200 tons of crude oil annually.
ان.The oil refining industry will help the Iraqi economy to the free exchange of crude oil from the constraints of external pressure and to enhance the positive aspects of the balance of payments.
Translated version of http://www.alsabaah.com/

De****e their reservations on the loans and grants





د .علي. Ali Al : proper procedures required to employ these funds
د.. Ahmed Al-Wazzan : We have to benefit from the experiences of the third world in this regard
بغداد - حسن الربيعيBAGHDAD - Hassan Al-Rubaie
دعااتهThe two economists to the need to search for ways to overcome the dilemmas of the Iraqi economy and the search for quick output, which would remove the distortions suffered by the Iraqi economy and infrastructure support




.And projecting real, and said in an interview to "Assabah" economic : that the financial aid, grants and loans that would reduce dependence on the resources they need, and which is limited : Unknown on oil imports, which bears a private insurance revenue.
د..D. Ali Al Dean of the Faculty of Administration and Economy Mustansiriyah University, said : "The proper procedures for the recruitment of funds obtained by the government either through donor conferences or by the decisions of the International Covenant must be used based on the criteria and comprehensive plans of operation and the honesty and professionalism, according to the priorities of the urgent need of the Iraqi economy and on this basis can actually that reflected positively on the growth path, reform and the conditions of the citizens pension.
.He added : I think that the most important supporter must be addressed according to the great dilemmas of indexing of the Iraqi economy is how to improve the living situation of the individual and reduce unemployment rates and inflation volume and unless citizens will feel and see this type of service will remain limited to the actions tires theorizing can be exploited indiscriminately and thus vulnerable to looting and financial corruption administrative and goes on to say : to improve mobility and the sectors of electricity, water, sewage and all service sectors is very important and should receive more than others, taking into account the interconnection important in sectors such Without an accurate understanding of the economy can not achieve the desired objectives or plans for the next phase.
...Operate very important and exploitation of human energies moving through the economy would reduce unemployment rates, and thus reflect on the security situation which Aithassan my estimation without attention to these aspects and the strategic outlook referring to the question of investment in productive sectors, particularly industrial them where required to take steps to lending and public companies and private companies to activate roles and we should not be looking back in the private sector, de****e repeated Akhafqath must be subjected to strict monitoring, which provides him play a significant role in the production process, and I do not mean here to identify and curtail the role because it contributes effectively to economic growth and Abran belief that there is an imbalance exists in the United laws governing private sector to be reviewed to enable it to play its role fully ...
كيفيةالقروضHow to benefit from loans
من.Dr. Ahmed Al-Wazzan head of the Department of Economics Faculty of Administration and Economy Mustansiriyah University called for the maximum utilization of loans and grants, although their influence on the issue of national sovereignty and the lesson I think the issue is not getting money but how to use those funds and invested properly say this because many tombstones especially in the countries of the world Third was inept those funds are Tbverha according jurisprudence governments, and consequently Atneks the living situation of the population. The future trends of the Iraqi economy is not in possession of any options under a market economy unless they can to achieve growth rates, rising production and allow it to compete will be opportunities to capture negotiator escalation happening in the world economies . .The options will diminish as the State Larry limited role in how to stimulate growth in various sectors, especially the private sector. ..For Aare bar say that the positive aspects of the Iraqi economy comes into effect on the negatives, and perhaps difficult to understand this issue - I feel concerned for the near future and clear any conditions, whether from the International Monetary Fund or the World Bank will see the results and to improve the economic situation and come out of the concepts of totalitarian economy but needs sacrifices and periods of time up to five years or more on social welfare programs and income-generating projects and loans that contribute to the operation and production Wazzan said : it required at the present time the regulations in place in developed countries but they must be of such magnitude to Atstmer Attahol tools for consumption and weighs only our economy and our needs for more resources must be put in a time ceiling for funding sources and this important quote when escalating taxes and wanted to say that the people can spend on the poor and which one it ..
...But the picture at the present time and these have different reasons and causes ...
.I also call for a rapid exit from some of the current procedures we would serve the development process has disagreed with many of the privatization issue, which some say they increase unemployment This might be true at first glance, but after that will see the benefits and the benefits of the free production and its implications for everyone, especially the poor who represent a majority interest in the issue and their top priority must be swift action through the system of social welfare advanced.

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

Originally Posted by tiffany

Just wanted to take a minute to thank you HKP! You do a FABULOUS job digging up articles and info!

Tiff

Hi Tiff, Your very welcome. I try to help out as much as I can for RC members and of course me as well.

Washington stresses confidence Maliki government and the continuation of contacts with

(صوت العراق) - 10-06-2007

(Voice of Iraq) - 10-06-2007

ارسل هذا الموضوع لصديق

Send this topic to a friend

Washington stresses confidence Maliki government and the continuation of contacts with the «al-Sadr's movement»
Washington-Joyce Karam life-10/06/07 / /

New Assistant Secretary of State for Iraq David Satterfield confident Washington and the government of Nuri al-Maliki «ability to move the reconciliation process», the source told «life» continuing contacts with «trend sternum» A «serious concern» of the wave of violence in Kirkuk, and believed that any Iraqi decision, including the referendum in Kirkuk. requires «consent of all the parties and meet with the national interest». He Satterfield, in a telephone conversation with «life» expressed confidence that the government of Al-Maliki, saying that they had «ability and credibility to move the process of reconciliation» closed the door on any possibility of an imminent change. The American official developments in the province of Anbar, some tribes coup to organize «Qaeda» but confirmed that elements of the organization are still infiltrating across the border with Syria, blaming «Syrian government direct responsibility» on the matter, pointing out that «no plans to visit Damascus currently».

Current and sternum and speeches of the last leader Moqtada Sadr on openness to the process of reconciliation, Satterfield said that Washington «waiting for actions, not just letters», pointed out that there were «ongoing contacts between the Americans and al-Sadr's movement».

The «life» quoted at 5-5 (May) last informed sources in Baghdad maintain contacts between leaders in the trend sternum and American officials in Baghdad, although it denied trend.

In terms of the situation in Kirkuk, Satterfield said that the American administration consider b «deep concern» to the violence in Kirkuk, and conducted extensive contacts with the Turkish side and the leadership of the Kurds and Kurdistan Regional government, which expects them «» stop PKK terrorism ».

As for the impact of violence on the political process and the referendum is expected before the end of the year to Article 140 of the Constitution on the status of Kirkuk, Satterfield confirmed that «referendum is mainly Iraqi decision and must respect the sovereignty of this resolution», He added that Washington «hopes stakeholders to build up the national interest, compatibility and not inconsistent with these two decisions».

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

Current sternum and «Dialogue bloc» call for the postponement of action

(صوت العراق) - 10-06-2007

(Voice of Iraq) - 10-06-2007

ارسل هذا الموضوع لصديق

Send this topic to a friend

Current sternum and «Dialogue bloc» call for postponing action fate of Kirkuk
Baghdad, Kirkuk-Immortality Amri, Mohammed al-Tamimi life-10/06/07 / /

Political parties accused the Iraqi government of Nuri al-Maliki a political deal with the Kurds to facilitate normalization of the situation in Kirkuk and Almenhaha for Kurds, and called for postponement of action on the fate of the city until after the constitutional deadline.

Muhammad Aldaini, spokesman «dialogue bloc», l «life» The appointment of a conciliator spring, the National Security Advisor, Chairman of the normalization of the situation in Kirkuk has been under «political deal between the government and the Maliki Kurdish» pointing out said that «the possibility of resolving the issue of Kirkuk in term of (the current year) has become impossible, The appointment spring «will contribute to the solution of the problem because the outstanding points of contention in the Constitution could not be resolved definitively until now».

The Aldaini Kirkuk as «time bomb if they dispose of them will be the key to destroying Iraq».

».

He said that «political sectarian war on the ground turn into a genuine civil war if the government decided to grant Kirkuk for the Kurds».

For his part, renewed his demand trend sternum postpone consideration of the issue of Kirkuk at the present time. Nassar Al-Rubaie, deputy trend sternum said that «trend continues to maintain the view that consideration of the issue of Kirkuk and the granting of political blocs another chance to rearrange themselves and remove sectarian tensions and political them».

He welcomed Mahmoud Othman, MP from the bloc «Kurdistan Alliance» spring appointed Chairman of the normalization of the situation in Kirkuk, said that «Kurds did not oppose the appointment of the latter, but at the same time awaiting positive developments were true after his appointment as Chairman of the Commission».

He pointed out that «the political blocs are two options : the first show a unified position on the issue of Kirkuk, the second expedite action on the issue in the constitutional period specified», indicating that «Committee is in an awkward position if it had stalled in its work in the coming days».

It stressed Arab parties adhere to the right in the historic city of Kirkuk, noting that the formation of the Kurdish special article 140 violates the rules of the Constitution.

The representative of the Arab parties in the city, Mohammed Khalil Al-Jabouri that «the formation of a special body to monitor the work of the Committee charged with article 140 clear violation of the foundations of the constitution, which will see the differences between the political blocs on some articles, including Article 140 and worrying».

He renewed Jabouri «maintained their historic Arabs in the city» and called on the Kurds to «accept the status quo in regard to Baraekaya Kirkuk which has never been and will not become a Kurdish». He stressed that «invitations Arab and Turkmen are in the framework of preserving the country's unity and reunification of minority and stand against fragmentation of the country into sectarian and ethnic territories».

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

MPs CALL extension of the powers of multinational forces

(صوت العراق) - 10-06-2007

(Voice of Iraq) - 10-06-2007

ارسل هذا الموضوع لصديق

Send this topic to a friend

MPs CALL extension of the powers of multinational forces, the Parliament put the Prime body integrity confidence next week
Baghdad-Hussein life-10/06/07 / /

The House discussed with Iraqi Foreign Minister Hoshyar Zebari on the question of extension of the multinational forces in Iraq, at the time called the 50th to oust the vice chairman of the integrity of the office. The Commission on Immigrants and Migrants meeting to be held in Amman to discuss the situation of immigrants at the time requested by Syria and Jordan up to 1.25 billion dollars to keep Iraqi refugees on their territories.

Zebari stressed in a speech before the Council to «Iraq is still unable to pay in full its affairs, security» pointing out that «there is still an urgent need for the multinational force in these circumstances through which Iraq». Zebari called the need to study what is happening in the Iraqi street deterioration of security before the vote on any future decision to withdraw these forces.

Zebari explained that «periodic meeting, which will be held in New York mid of this month to discuss the readiness of Iraq to take over the security file and the possibility of the withdrawal of foreign forces is simply an assessment of the situation in the country and review of achievements security through listening to the opinion of the Iraqi government». He pointed out that the meeting will deal with the question of extension of the presence of foreign troops in the country.

A number of Council members on the need to extend the powers of multinational forces through an agreement between these forces and the Iraqi government also asked the foreign minister to take the necessary steps to lift the immunity enjoyed by these troops. During the meeting yesterday to a request to the 50-member presidency of the Council to oust the chairman of the integrity Judge Radi Radi from his position after interrogated body integrity in the Nadi and charges were leveled against him included administrative and financial irregularities, and to conceal cases of corruption but big-Radi described these accusations «false and based on a clear vision».

The Council decided to vote on the question of the survival of Nadi in office or be sacked after seven days. Abdullah Salim Al member of the Legal Committee of the Council told «life» that «Baradi confidence vote requires the approval of the absolute majority of the members present on the basis of Article 65 of the Constitution».

In the meantime, board chairman of the Committee of Displaced Persons and Migrants in the House Abdalkhalgh Zankenh the meeting convened the Special Committee for Refugees, emanating from the Sharm el-Sheikh next week in Amman after the recent developments in the refugee issues.

He told Zankenh «life» : that «Iraqi side asked Member States in the convening of an urgent meeting to discuss the situation of Iraqi refugees after the claim hosts of the need to solve the Iraqi crisis of Iraqi refugees in its territory». Zankenh stressed that the Iraqi side during the meeting will be held in the Jordanian capital Amman on the question of extending the stay of the Iraqis in the host countries for Iraqi citizens and residents who are not considered refugees to where security conditions for their return to Iraq or to find a third country willing to receive them.

For his part, Al-Husseini on behalf of a member of the Committee of Displaced Persons and Migrants, a request made by Jordan and Syria to the Iraqi government grant includes about $ 1.25 billion to keep the Iraqis on their lands.

He added Husseini told reporters that Jordan demanded $ 1 billion dollars to face the economic consequences of the presence of the Iraqis as they hit their numbers to 750 thousand Iraqis in Syria requested about $ 256 million on its territory, where more than a million Iraqis.

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

Iraqi government threatens arrest for leaders of striking oil workers

Oliver Morgan, industrial editor
Sunday June 10, 2007
The Observer

International concern is mounting over threats by the Iraqi government to arrest union leaders following strikes by oil pipeline operators in the country last week.

Arrest warrants have been issued for Hassan Juma'a, president of the Iraqi Federation of Oil Unions (IFOU), which represents the company's oil workers, and three other senior officials, according to Naftana, a London-based group linked to the IFOU.

Striking oil workers have also been surrounded by troops at Sheiba in the south of the country.

The news has worried Western trades union organisations including the TUC in Britain and America's AFL-CIO, which have both called for the Iraqi government to stop intimidating workers by using military force.
AFL-CIO president John Sweeney has written to US Secretary of State Condoleezza Rice, asking her to use diplomatic channels to stop the intimidation.

TUC general secretary Brendan Barber said: 'Military intervention is not the way to resolve industrial disputes.'

There is, however, uncertainty over whether warrants have already been issued for the arrest of Juma'a and his comrades. Some reports indicate the men have been threatened with warrants, others that the warrants have been issued directly by the office of the Iraqi Prime Minister Nouri al-Maliki.

Sami Ramadani, a spokesman for Naftana, said Juma'a had confirmed to him on Friday that warrants had been issued. However, other union sources said they believed the government had only threatened using them.

A TUC spokesman said: 'The threat to arrest Iraqi strikers who have broken no law is clearly unacceptable.'

IFOU members began strike action on Monday last week, stopping the transit of oil through pipelines. The strike was suspended on Wednesday to allow for talks with the government.

Workers are objecting to Iraq's proposed hydrocarbon law, which unions claim will amount to privatisation of the industry, allowing Western oil executives to sit on an oil ministry council which will approve contracts under which foreign companies can operate.

The unions have made 16 demands in relation to the oil law, including protection of pay and measures to safeguard health and safety and working conditions.

Iraqi government threatens arrest for leaders of striking oil workers | Business | The Observer

Baghdad-Timor : Statement Baqir Jabr counterpart, Minister of Finance said that 45 Iraqi state debts are canceled on Iraq with rates ranging between 80 and 100%, totaling 140 billion dollars.

The strike achievement falls within the framework of the agreement signed between the Iraqi government and the International Monetary Fund, praising the role of States, which promised to cancel 80% of its debt from Iraq as well as that announced their commitment to the Paris Club rules.

Zubaidi stressed that the 2007 budget differ from the previous year's budget, pointing out that the rate of implementation of the budget ministries other than good unable to do so stressing that the funds will be withdrawn from the ministries that have been unable to implement the budget and giving it to other ministries and pointed out that this year witnessed a relatively stable inflation fluctuating between 40 and 45%, pointing to the success of the Iraqi Central Bank in the collection of hard currency reserves reached 21 billion dollars, calling that a good amount could provide a reassuring stability.


Translated version of http://www.alsharqiya.com/display.asp?fname=economic99%5C2007%5C05%5C055.txt &storytitle=