Thread: Archive Latest News - Dinar Think Tank - 27/08/08 - 15/01/09

It enters into effect .. BANKERS: Smart Card boom in the work of Iraqi banks

Iraqi banks witnessed a scene in the last few days of transition to a new advanced in performance through the introduction of banking and technology tools such Transitional quality represents the beginning of work is to start dealing modern suit and banking dealings evolving through .. For the first time in Iraq find the system work depends smart card bank by the Rafidain and Rasheed banks, the rate of ten branches of each of them .. This card will provide more than 245 service of the common, including receipt of the monthly salary of employees and retirees covered by the network of social protection and also pay water, electricity, tax deductions and transfers between persons .. A number of experts that the card will provide substantial amounts of the State as well as it will limit the circulation of excessive monetary nature of our economy.

He said Abdul-Hussein Yasiri, director general Rafidain Bank: There are significant benefits provided by the smart card system work mainly to provide substantial funds of the state through the development of exchange mechanism in remote and distant that require banks, which will provide a great service to the people of the area, especially retirees and businessmen who are making an effort multiplier To go to banks which are usually far from their home areas and to withdraw what they need money .. This will provide funds to the State Bank building new employees and the Director of the Bank.

The operation of this card will provide more time for owners of capital, traders and retirees who spend the trouble and hardship to go to banks to withdraw money or receiving a salary for employees and retirees.

He added: The number of beneficiaries in the first phase of up to 100 thousand shared equally distributed between Rafidain and Rasheed bank, and there are mechanisms working to expand the service to all customers both banks during the next short period .. And in the future we seek to work in every country in the world by taking advantage of the comprehensive system which will connect the bank branches several global banks, and a large number of Iraqis abroad, especially pensioners will benefit from this service is great .. He pointed out that the banks seek to develop these areas in exchange firms, commercial and industrial areas and residential areas in the coming days, noting that the joint could withdraw the amount that wants There is no fixed ceiling on the amount that can be withdrawn.

He said Fouad, director general agent Rasheed Bank: The smart card system work did not need to communication networks, but they can work as a way oflien, and that the project is exceptional and a big jump in the work of Iraqi banks ... Contrary to what the card by small size and great benefits and services, stressing that the work is the embodiment of technological progress, which must be accessed through the next period .. The project regardless Alnzeran benefits desired by the public will benefit the citizens it represents a significant step for each investment bankers and will return great benefit to them. As well as assisting in the reduction of inflation, which the advantage of Iraq's economy the current period.

An official source in the company's global smart card preferred to remain anonymous, said: The system used in the use of smart card .. Is a global system is different from the regimes in neighboring countries or the world has been taken into account the security aspect since adopted the use of fingerprinting the finishing ten user-tariff means, and this is not subject to fraud .. He added that another feature unique to the ATM in Iraq where the speed to provide the required amount of common timetable by which time does not exceed (17) seconds, and that the company took into account the current Iraqi situation and the difficulty of obtaining electricity continuously therefore invented processing cashier battery can be shipped Energy believes more than 250 hours continuously.

Translated version of http://www.almadapaper.com/paper.php?source=akbar&page=107

Minister of Public governorates looking accelerate investment projects in Baghdad

Qatari Minister of State for the provinces as the Sami Al paste, Sunday, with the governor of Baghdad and means to overcome obstacles to investment activities in Baghdad, and mechanisms to promote the flow of work and speed up delivery. The Director of Information Ministry Ahmed Zoe: "The meeting with the governor Minister Hussein Tahhan deal of work to develop mechanisms to maintain the activation of economic activity for the city and its markets, its industrial productivity." He added: "The two discussed what the ministry can play in the attribution of such programs through follow-up ministries and implemented projects within the province, as well as the adoption of flexibility to accelerate the completion of various applications link."

He referred to "what was agreed upon in the importance of lifting the powers of the governor in exchange for projects of one hundred million to one billion dinars mechanism so as to achieve more flexibility in implementation."

He continued: "It has also been discussing the reality of asphalt plant within the refinery, which has suffered production problems make asphalt product is not suitable for paving roads." He pointed out that the minister "pledged to transfer the problem to the concerned authorities for action."

He pointed out that the minister stressed the "willingness and visited to work on the transfer of images and clear what is happening in the implementation of projects and programmes of different development programmes and their local governments to the central government so as to avoid problems I. Powell and cruise fully realized in completing projects."

Translated version of http://www.almadapaper.com/paper.php?source=akbar&page=107

Call the Germans to invest in Iraq

The engineer Ra'ad goalkeeper senior agent of the Ministry of Electricity companies and German businessmen to invest in Iraq, particularly in energy and stressed the importance of the participation of goalkeeper German companies in the energy field of ancient known at the level of production and provision of materials, devices and equipment, and pointed to the involvement of companies such as Siemens and Reuter in the implementation of some Work units and rehabilitation of some stations at present, stressing the Iraqi people need foreign expertise, said that the favourable opportunity now to enter forcefully to compete other companies operating in Iraq, for companies owned by the German experience in working with us for over forty years, stressing that market Iraq's nascent security in light of stability, and appealed to guard the German government to make promises in implementing concrete projects in Iraq after the Ministry of Electricity and raised a lot of big tenders, and concluded goalkeeper modern touch of hope in the results of these promises.

Translated version of http://www.almadapaper.com/paper.php?source=akbar&page=107

Secretary Baghdad calls the Czech investors to contribute to the reconstruction of Baghdad

The Secretary of Baghdad, who is visiting the Czech capital, Prague, Czech investors to contribute to the reconstruction of Iraq, during his meeting with Deputy Foreign Minister of Czech, the mayor of Prague and the Czech number of investors, according to a statement issued by the secretariat. The statement said: "The Secretary of Baghdad, Sabir Isawi met today (Sunday) Deputy Foreign Minister of Czech and Prague Mayor and a number of entrepreneurs and investors in the Czech Republic during the visit by Secretary of Baghdad, the capital of Prague, Czech response to an official invitation." The statement said that "the two sides explored ways of joint cooperation In the overall municipal services and ways to strengthen what can be provided by the municipality of Prague considerable experience in the exchange of experiences between the two sides especially in the area of statues and monuments and heritage areas, historic. "Pointing out that Secretary of Baghdad," called during the meeting of Czech entrepreneurs and investors to contribute to the implementation of construction projects and reconstruction In the city of Baghdad. "

Translated version of http://www.almadapaper.com/paper.php?source=akbar&page=107

The market is witnessing fluctuation in prices and a decline in purchasing!

Baghdad saw the capital markets and some provinces slight rises in food prices, despite the contraction of demand by citizens to purchase similar to what it was before the advent of Ramadan, and likely follow up the reasons for this rise to decline before and I said, as well as delayed distribution of the ration card in the vocabulary Different parts of Iraq ..

Prices have risen some types of pulses to nearly 30 percent than it was less than a month ago, where the price per kilo of lentils five thousand dinars after it was sold by the thousands now three and a half, and the like have other types of pulses rises unexpectedly, as well as Price per kilo of meat to reach ten thousand dinars, as he was sold before Ramadan, only eight thousand dinars, and attributed the shop owners Slaughtering reasons for the high prices of meat smuggling operations faced by livestock is causing high prices in a comprehensive ..

Although the markets pretty low unit demand for purchase only that some of the materials are also seen rises slightly, particularly prices of some juices and drinks and types of ready-made cans and carbonated drinks, one of the basics of Ramadan when the round Baghdadis, and some vendors showing the reasons for this rise to the lower product Local some types of juices sold in the domestic market and high prices of other types of origin in the neighboring countries of the escalating demand for the start of Ramadan .. sellers They also reduced demand caused to buy different kinds of sales decline that request has made it clear what it was before the advent of Ramadan. .

He favored the continuation of the status of follow-up to those high prices coinciding with the approach of some religious occasions such as Ramadan, which sees much of the night and the martyrdom of Imam Ali (PBUH) require those occasions where religious rites require a lot of materials to be purchased from the local market which is expected to lead to the continuity Escalating prices ..

Some vendors are expected continuity of the high prices of foodstuffs as almost holy month of the end and came close to the Eid al-Fitr, as to divert people to come out shopping will be a shortage in supply.

But the vendors did not follow up to conceal the financial terms of Iraq pointed out that the government will distribute the last few months, differences between staff before the blessed Eid al-Fitr, leading to increased cases substantially .. shopping may outweigh the supply of materials by vendors say ..

Away from food prices have seen fuel prices are also a slight rise during the current days, because according to some vendors to increased demand caused to buy Albanzin example, during Ramadan for doubling the use of home generators during periods of suhur and the lack of commitment by the owners of generators to maintain eligibility Council resolution Judge Generators operate at night and during times .. descends, as well as reduced hours of processing the national electricity during current days is contrary to what was expected, people are forced to use generators to compensate for domestic shortfall of electricity within days of Ramadan in general and in particular suhur times .. it amounted to price five Litres of petrol five thousand Dinarbadma was sold three thousand and a half before the advent of Ramadan ..

Economists fear that rising prices continue to occur with the approaching holiday solutions, particularly since the markets started to prepare to receive the holiday decorations through the manifestations of which are presented in shops and SmartTeacher put different types of materials and goods modern ..

As well as the prosperity of some markets in different forms of toys and children's wear, indicating that the state will rise due to the expected increase of demand and the recovery of the economic situation in the Iraqi families, especially the staff who will receive a difference the past few months have prompted to repeat the case of shopping in the last June when it distributed the previous differences between Staff .. pointing out that the security situation of stability will have a significant role in increasing the volume of demand for materials and commodities and goods from local markets.

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

Japanese companies attending to work in Iraq

The economic advisor at the Japanese Embassy in Baghdad Katsoki Nagazuka, the desire of Japanese companies to operate in the sectors of infrastructure (water, electricity and sanitation), communications and Iraqi industry. He pointed out that the size of the Japanese loan for Iraq's $ 3.9 billion dollars, a facilitator for 40 years, and will be funded 12 projects b 2.4 billion dollars, and the rest allocated to projects in the centre and west.

The sign near the return of Japanese companies to work in Iraq, after «improving security in several areas», pointing out that the Japanese Foreign Ministry and the Embassy of his country in Baghdad, «began to work on reducing the risks of travel to Iraq», stressing «desire of the Japanese government urged the companies to That ». He noted the intention to hold a conference and a seminar late this year or early in the new year in Kurdistan, in an attempt to encourage Japanese companies to work in Iraq and meeting companies and Iraqi ministries concerned with reconstruction. He also drew the embassy's desire to organize an economic forum in Baghdad in the coming months.

He emphasized the desire of Japanese companies in identifying special laws to regulate investment and economic management of Iraq, considering that oil and gas sector is «the most important sector for the next Japanese investment in Iraq, which is the most important of Petroleum Exporting Countries in the Middle East, while Japan is one important mechanism exporters».

Translated version of http://www.iraqdirectory.com/DisplayNewsAr.aspx?id=6887

Direct the implementation of three projects to improve the environmental reality in Basra

Referred the Committee for Supporting the reconstruction of Basra and services projects to avoid asparagus, the first to establish a tourist park on the banks of the Shatt al-Arab in the Faw district south of the city of Basra, the second is to create a green belt around the perimeter of the same area.

He said Tarek Al-Mousawi secretary of the Committee in a statement received "Radio Sawa" a copy of which was that the cost of the park project totaled one billion and 900 million and 48 thousand dinars, hopefully completed within 180 days, while the cost of two billion Green Belt and three million dinars. And decides to take place during the three months to be second to allocate it Belt Commission, after the Green Belt in the area of Umm Qasr.

Another started by a local company and supervised the reconstruction of Basra Sunday, the e.x.e.cution of the rehabilitation and maintenance of the sewerage network and rainwater in the Faw district within a length of 90 metres for development projects Territories in 2008, according to what the supervisor of the project.

Mohamed added that the work contains certain rehabilitation and repair of walls and ceilings and concrete docks for 25 stations and maintenance of payment systems and lift stations within the basin and basin closure.

And between certain that the project includes the rehabilitation of all the drainage systems and rainwater in the Faw district reaching along the networks that have been rehabilitated 90 kilometres and a total cost exceeding 849 million dinars. The work will continue for six months.

Work continues under the supervision of the reconstruction of Basra implementing a project to establish networks and stations with heavy streams of water in the role of professors city of Basra at a cost of two billion and 454 million dinars development projects within the 2008 territories.

He said Ali Hadi from the reconstruction of Basra Governorate that work on the implementation of the project includes the development of the whole planning of the dimensions and sidewalks and digging sewage reticulation pipes and heavy delivery across the jovial role of housing, adding that the work also includes building water treatment station with heavy installed pumps to draw water from the streets.

Translated version of http://www.iraqdirectory.com/DisplayNewsAr.aspx?id=6885

Planning calls for speedy Ratification of the Oil and Gas as for the advancement of the national economy

The Minister of Planning and Development Cooperation on Ghalib two doors of Iraqi politicians to overcome their differences and speed up the ratification of the oil and gas during the coming period, in order to boost oil in Iraq, and the development of national economy.

He said two doors in an interview with "Uzmatik" today, Monday, that "discussions on the law of oil and gas are still ongoing, but it must speed up the adoption of the law, to develop the national economy."

The two doors that "the oil sector needs to ensure a legislative environment and development and prosperity, while the Iraqi state is still working previous law which was launched at a time of the former regime, which leads to hinder the further development of the oil sector", as saying.

The law is the oil and gas disagreements between the political blocs Most components of the Iraqi Parliament, especially regarding the powers of the Territory in signing contracts with oil companies, without returning to the central government, which saw some of the parliamentary blocs prelude to division of Iraq.

He said Planning Minister, on the other hand, that "the remaining time enough to overcome the obstacles and overcome difficulties faced by the Ministry of Planning to conduct a population census in October of next year 2009."

However, the minister said that "there are some administrative obstacles that might arise in future, including miscalculation importance of the census for some people, and does not respond people with enumerators, as well as the technical difficulties caused by lack of lack of training and rehabilitation of some enumerators."

Two doors and stressed "the importance of the census, especially in the current circumstance, to provide the required basic rule in rationalizing the work and pay the state in all areas of development, service and administrative."

It is noteworthy that the census in Iraq was happening every ten years, as the case in other states, the latest census of Iraq was in 1997, was scheduled for the year 2007, but the unstable security situation in Iraq prevented , And deferred to the year 2009.

Translated version of http://iraqalaan.com/

Locating to establish an oil refinery Kirkuk

A member of the Committee on Industry and Minerals in the governorate of Kirkuk, born Jamal, today, Monday, that was "Designating a location for the establishment of a new oil refinery in Kirkuk, run by the Iraqi Oil Ministry," without mentioning the cost of the project.

He was born in an interview with "Uzmatik", "it was determining the location for the establishment of a new oil refinery in Kirkuk in the region ICAO prevention of juvenile Dibs", 25 kilometres northwest of Kirkuk, to be boosted production capacity of the refinery, "between 100 to 150 thousand barrels a day."

The member of the Committee on Industry and Minerals, "The site was determined, as a site-specific surveys by experts and officials from the provincial council and the Ministry of Oil, as the e.x.e.cuting the project," pointing out that the construction of oil refinery "will be sustained in the sector of oil derivatives products."

It is noteworthy that the oil-rich city of Kirkuk to refineries lack of productivity of oil derivatives, except for Kirkuk oil depot, and maintained depends almost entirely on oil derivatives from Baiji refineries.

Translated version of http://iraqalaan.com/

Expert calls on Iraqis to develop a special programme of economic aviation

An Iraqi economic expert called for a special programme of economic aviation coinciding with the feet of State to establish new airports in the provinces.

Dr. Al-Manie member of the Association of Iraqi economists told the independent press (Iba) today, Monday, the government's plan in an airport in the governorate of Karbala after the opening of the airport Najaf and Mosul airport development must be matched by a special flight good-looking economic climate for investors wishing to operate in Iraq and to meet current demand and future The airports where there are sections devoted to businessmen.

He added there is a clear linkage between the expansion of airports and steady growth and continuing in the economy, which contribute in supporting each other, thus contributing to increase revenue and provide more additional services. Proceeding from that, there must be a chance for success seized a desire to work in other governorates safe.

He pointed out that anti aviation sector still represents economic approximately 2% of the total market share in the Arab world compared with other countries, considering further opening the new airport is vital to ensure the sustainability of growth over the long term.

He continued that most airports in neighboring countries are either under development or suffer from overcrowding, including that the government is moving toward full adoption of open-skies policy and free market in addition to the presence of the largest contracts for the purchase of aircraft in the world of Boeing, it is imperative that we invest in today Infrastructure necessary to meet the demands of work and facilitate the entry of capital.

He noted the obstacles that the programme in place globally led to boost economic development of cities where airports through the enjoyment of the necessary components that allow start running civil air operations and receive private aircraft. The volume of investment appropriated by the state to develop airports will make them better globally.

Translated version of http://www.ipairaq.com/inner.php?name=economy&id=979