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

Small: Rally demand coordinating one of the paragraphs of the amendment proposals de sheltered put off a vote on the election law

Member of the House of Representatives Iraqi Alliance list MP Jalaluddin common small Iraqi parliament failed to reach an end to the election law allows passed during a parliament session on Sunday, adding that "parliament speaker Mahmoud al-Mashhadani, decided to adjourn the meeting on Monday."

The small talk of "Uzmatik" on Sunday, that "failure to reach a compromise formula to the election law, because of the insistence of the parliamentary assembly coordinating positions on a number of amendments to the proposals of the representative of the Secretary General of the United Nations Stefan de Mistura, on the subject of the city of Kirkuk."

Designation of assembly and release the coordination of all the parliamentary forces, which voted to approve the election law in the twenty-second month of July, the Sadrists and Fadhila party, the Iraqi List, the national reform movement, the independent Arab bloc, and some independent MPs.

He added that the small "political blocs in Iraq's parliament was on the verge of passage at the elections on Sunday, but for the position of coordinating tried to rally Iraqi parliament speaker Mahmoud al-Mashhadani changed only he could not."

A small that "coordinating assembly called to amend the paragraph in the proposals by de Mistura political blocs several days ago stating that the local government in the city of Kirkuk is responsible for directing the security forces and support from all the constituent components of the city to determine the fate of the city, but the assembly asked that the coordinating Federal Iraqi government is solely responsible for this."

The MP said the list of Alliance said, "This paragraph was a compromise formulation neutral and well as its non-intervention of the Federal Government and the Kurdistan Regional Government in the work of the Commission to determine the fate of Kirkuk will be under the Electoral Act, as well as the most important thing is able to compromise the political blocs around on Kirkuk ".

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Abadi, a majority of the masses on the electoral law on the wording of Parliament

Deputy of the United Iraqi Alliance list Haider Abadi, told the radio on NOAA over the political blocs agreed to the formula which was discussed during a parliament session on the election law. He Abadi said:

Ebadi said that the main point of contention is the diagnosis that facilitate business and affairs of the Kirkuk mini:

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Iraq expects a gas deal with Shell tomorrow

Iraq's Oil Ministry said today, Sunday, that Iraq expects natural gas deal with Royal Dutch Shell tomorrow, Monday.

The Iraqi government approved the seventh day of the September agreement in principle between the giant energy company and the South Oil Company of the draft government in the province of Basra in the south of the country. And Iraq will hold 51 percent of the joint venture and Shell has 49 percent.

He said Oil Ministry spokesman Assem Jihad said Iraq expected to sign natural gas agreement with Shell tomorrow, Monday, in Baghdad.

He said Oil Minister Hussain al-Shahristani and officials of the South Oil Company will represent Iraq at the signing ceremony along with E.x.e.cutives from Shell.

He noted that Iraq's production of 700 million cubic feet a day, Shell said that that amount will be enormous and addressed to meet the domestic needs and exports the surplus to the global gas market.

Translated version of http://iraqshabab.net/index.php?option=com_content&task=view&id=11191&It emid=1

New date for Iraq Energy EXPO and Conference, Baghdad, Iraq, December 5th, 2008

Iraq Energy EXPO and Conference initially scheduled for October 17th - 19th is now scheduled for December 5th - 7th, 2008 due to delays in completing the venue site.

Baghdad, September 5, 2008, the first ever Iraq oil and gas show which was initially scheduled to open on October 17th, is being postponed because of delays in completing construction on the new Baghdad International Airport Convention Center.

Iraqi American Chamber of Commerce and Industry the organizer of the event, unfortunately had to postpone the event for reasons beyond their control, "the progress we have made so far is fantastic by any standard and many international companies have already registered to exhibit or attend the event, and therefore we are certain that the new date will not cause any cancellations. International oil companies want to be on the ground floor opportunities for Iraq oil and gas business and they are ready to accommodate the new schedule because they understand the circumstances Iraq is going through and any inconvenience this delay might have caused is more than compensated for by the chance to be present at this historic event" stated Raad Ommar, CEO, IACCI

"I am pleased by the record number of companies participating in the first Iraq Energy EXPO and Conference and we hope that they understand these technical problems beyond our control and stay focused on attending and participating in the event" stated H.E. Dr. Hussain Al-Shahristani, Minister of Oil,

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http://www.zawya.com/story.cfm/sidZA...%205th,%202008

The official source Astmrarsadarat the country's oil unabated

Denied an official source in the Ministry of the country's oil exports would halt crude oil, whether geared towards the Turkish Ceyhan port cities across the North Oil Company source or through the ports of Basra in the south.

The general manager of marketing oil, "SOMO" in a telephone conversation with the "morning" It will be exported an average of 217 thousand barrels per day of Kirkuk crude at the Turkish port of Ceyhan since the beginning of this month without interruption, after the export rate of about 350 thousand barrels. Noting that the lower amount was due to a technical malfunction is still being repaired.

He said Falah Al-Amri said that despite the impact of dust and sand storms that hit the southern region during the past few days, and caused damage in the crude oil storage depots, through which export terminals across the South, but the size of the labor of the South Oil Company was able to repair Damage and the continued rapid export by 1.4 million barrels a day.

He said work is under way to increase the amount of crude oil out of the country from terminals in the south-term future to about 1.5 million barrels, within a plan designed to raise crude oil production in the country to about two million barrels per day.

The statements come as denying the transfer on Monday via the reports of foreign news agencies indicated that Iraq's oil exports from the northern region have been stalled for unknown reasons.

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The Challenges of Foreign Investment in Iraq

Foreign investment is of great importance in the economies of all States, especially after opening the World Economic globalization and the world is going through. This is even more important for developing countries as it offers economic and social benefits for these countries.

May not know that much foreign investment contributes significantly the transfer of modern technology to developing countries, thereby promoting the development of local production of goods and services to these countries, and to increase the competitiveness that Furthermore, the production Mayofarh of job creation and employment, thus helping to reduce rates Unemployment. Meanwhile, it will save money for investment, which often suffer from the developing countries were not available and therefore help increase investment rates to levels that achieve the required economic growth and the exploitation of material and human resources available in those countries.

Despite these economic and social benefits but faces many difficulties and faces opposition from those who believe foreign investment is the control of foreign capital to the Joint Economic those countries, and thus lose their control of economic empowerment, but remain positive advantages than disadvantages.

From this point of view Iraq has begun to develop mechanisms to encourage foreign investment in Iraq and was the starting point to find a legal basis for foreign investment process in Iraq, has made great efforts in this area by the Iraqi ministries culminated in the issuance of foreign investment law No. (13) for the year 2006 , Which emerged from the national investment, and now, two years after we refer to the most important difficulties faced in the process of foreign investment in Iraq.

1 - Security: The insecurity of factors strongly expelling foreign investment, as it is known that the capital or consider moving towards safer areas, it follows there is a direct correlation between the availability of security and foreign investment. He estimated it came to Iraq have suffered in previous years the loss of security and stability. But after plan to impose law, the security situation has improved on the previous heading for further improvement as a positive point on record in favor of encouraging foreign investment.

2 - Infrastructure: There is no doubt that the infrastructure of energy (electricity and fuel, transport and infrastructure of seaports, airports, railways, roads, bridges, communications and financial services, banking, insurance and water supply), the package are all factors encouraging foreign investment and notes that Iraq has Lack of infrastructure, encouraging foreign investment, especially in the field of electric power and easy access to fuel, and the weakness of banking services and lack of development sufficiently equivalent of the neighboring countries at least.

Here is bound to the duty of the State through public investment return of existing infrastructure and increase in line with the increase in the number of people in Iraq to encourage foreign investment. It should be noted that the state is seeking to provide the necessary funding for this purpose through the national budget and foreign loans have been allocated funds as soft loans acquired by Iraq for the reconstruction of infrastructure, it is hoped that this will contribute to securing part of the infrastructure necessary to stimulate foreign investment.

3 - Statistical data: The statistical data on the overall economy in any country is very important for foreign investors to find areas Alasttmarwaljdoy economic investment projects which can not be achieved only by providing the data component of gross domestic product of agriculture, industry and trade, transport, services, etc. and inflation rates prevailing statistics Government financial to identify the financial policy of the state and tax trends. As well as the monetary survey statistics for monetary policy to identify and determine the interest rate in addition to foreign trade statistics to determine imports and exports of goods and services to reflect the structure of consumption and production of the country. It must provide investment map of Iraq by pointing places and types of investment opportunities and promotion, as well as providing statistical data in accordance with international standards.

4 - the legal framework: In spite of the enactment of legislation or foreign investment (No. 13) for the year 2006, it is required to issue instructions to facilitate the implementation of this law as they help the flow of foreign investment toward investment opportunities easily.

5 - administrative corruption: the process of foreign investment anywhere in the problem of financial and administrative corruption, through bribery and illegal commissions. Iraq is excluded from this, it must take the steps necessary to enhance the work of regulatory services and a culture of integrity.

6 - high wages: be noted that wages in the private sector is moving towards a general rise in spite of widespread unemployment in Iraq as a result of acceleration of inflation rates on the one hand and increase wages in the public sector on the other. And therefore would be a challenge for future foreign investment, it may increase Complex when the arrival of foreign investment and do business on the ground.

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Arif Taifur: People of Kirkuk would decide upon their own destiny

Iraqi deputy Speaker of Parliament, Arif Taifur, today condemned disclosure of some politicians who interfere in Kirkuk’s affaires and making a media chit chat to alter the realtiesin the city for their own interests, describing them as bankrupts.

He said the people of Kirkuk would decide upon their own destiny according to the constitutional mechanisms, namely article 140 of the Iraqi permanent constitution. He indicated that betting on the Kurdishness of Kirkuk is like betting on the Iraqiness of all. He also indicated that those politicians are hindering the Iraqi political process under different schemes, saying they are now trying to make Kirkuk a source of discord to destabilize the securered situation in the Iraqi political arena.

He said their betting on the issue of Kirkuk would be a failure, and their conspiracies are key evidences on their emptiness.

http://pukmedia.com/english/index.ph...=6584&Itemid=1

Some Parliamentarians do not want the Success of the political process

Prime Minister attributed the Kurdistan Alliance bloc Fuad Masum failure to reach a compromise on the electoral law to the unwillingness of a group of deputies make the political process.

Massoum said that the coalition offered a lot of concessions and demonstrated great flexibility to reach a compromise and the drafting of a final electoral law.

He pointed out that the bloc agreed to the proposed new bill, despite the amendments and changes to the draft UN envoy Dmistora.

He was surprised that the infallible Congress party denied the other signatories agreed on the proposal before it and demanded to leave the meeting.

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Oil Ministry denies halt the country's exports of crude oil to Ceyhan Turkish ports or through the ports of Basra in the south

Denied an official source in the Ministry of the country's oil exports would halt crude oil, whether geared towards the Turkish Ceyhan port cities across the North Oil Company source or through the ports of Basra in the south. The general manager of marketing oil, "SOMO" in a telephone conversation with the "morning" was being exported Average of 217 thousand barrels per day of Kirkuk crude at the Turkish port of Ceyhan since the beginning of this month without interruption, after the export rate of about 350 thousand barrels, noting that the lower amount was due to a technical malfunction is still being repaired.

He said Falah Al-Amri said that despite the impact of dust and sand storms that hit the southern region during the past few days, and caused damage in the crude oil storage depots, through which export terminals across the South, but the size of the labor of the South Oil Company was able to repair Damage and the continued rapid export by 1.4 million barrels a day.

He said work is under way to increase the amount of crude oil out of the country from terminals in the south-term future to about 1.5 million barrels, within a plan designed to raise crude oil production in the country to about two million barrels per day.

The statements come as denying the transfer on Monday via the reports of foreign news agencies indicated that Iraq's oil exports from the northern region have been stalled for unknown reasons.

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Inflation up by %1.8 in August – statistics

The inflation index increased in August by 1.8 percent compared to the previous month, while the annual indicator was down by 5.2% for the period from August 2007 to August 2008, according to the Iraqi Central Bureau of Statistics on Sunday.

"Inflation index of August 2008 witnessed an increase by 1.8 percent compared to July 2008," read a release issued by the National Information Center as received by Aswat al-Iraq – Voices of Iraq – (VOI).

The release attributed the rise to the increase in the prices of foodstuffs, cigarettes, drinks, fabrics, clothes, and shoes, furniture, fuel power; transportation, medical services and medicines among others.

Aswat Aliraq