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

President Barzani: Sticking to constitution will guarantee Iraq’s unity

The President of Kurdistan region Massud Barzani, during an interview with “Al-Sharq Al-Awsat” newspaper said that the Kurds want nothing more than what was agreed on in the constitution which was approved by the majority of the Iraqi people.

He also said that the constitution decides the rights and duties of the people. He also said the Kurds are committed to the constitution especially Article 140 which concerns the issue of Kirkuk and the disputed areas. Barzani added that the commitment to the constitution is the guarantee to keep the unity and stability of Iraq.

PUKmedia :: English - President Barzani: Sticking to constitution will guarantee Iraq’s unity

Source: Bush to visit Iraq on Iraqi-U.S agreement

The Iraqi (al-Sabah) newspaper, in today’s issue, said that according to a well informed source in the Iraqi Parliament, the President of the United Stated of America George W. Bush, will visit Iraq in the near future to discuss the Iraqi-U.S security agreement.

The source also said that there are 2 options to sign the agreement in case of reaching to an agreement, the first one is to be signed in Baghdad and the second option is to be signed via a closed video conference between al-Maliki and Bush.

The option of signing the agreement in Washington was rejected by the Iraqi political parties. The immunity given to the foreign troops, A timetable to the U.S army withdrawal from the country in addition to the issue of the Iraqi detainees are the top issues discussed between the Iraqi and U.S negotiation teams. According to the source.

PUKmedia :: English - Source: Bush to visit Iraq on Iraqi-U.S agreement

Khanaqin intellectuals denounce al-Maliki’s government threatening

A number of newspapers, journalists, writers, intellectuals, artists and Artameeta association for cultural development in Khanaqin and Kalar, issued a statement to condemn the threatening of al-Maliki’s government to resort to violence in solving the issue of Khanaqin and its suburbs.

The statement described the dispatching of the Iraqi troops to Khanaqin as a systematic crime. They demanded the Iraqi prime minister to resort to dialogue instead of the military choice.

PUKmedia :: English - Khanaqin intellectuals denounce al-Maliki’s government threatening

the preparation of budgets, planning for the Banks Government

Represents the essence of the planning process management agencies, the main pillar for the success of management in achieving the desired objectives and planning in its broadest sense is forecasting the future and prepare him representing estimates fiscal and monetary studied and prepared befo.r.e.h.a.n.d reflect the different activities of the unit expected to be achieved during the period of time to come .. The planning budget is the tool used by the scheme to develop financial and monetary estimates of the size of future activity of the unit and the result, it helps to control the performance and then take appropriate administrative decisions, and for planning budget over the years usually.. It is understood that budgets Altaktaitith banks covering the following areas:

A - sources of funds (the financial resources of the World) any required.
B - uses of funds, or its assets.
C - income and expenditure account and the result (profit and loss and distribution).

While covering the planning budget of the bank's resources, personal resources (capital and reserves) and external resources (deposits, liabilities and other kinds) planning budget focused on the proceeds of revenue accruing from the operation of those resources, and show planning budget for the expenses of total expenditures expected during the subsequent period, and then interview Expenses with revenue planned to be achieved during the budget to reach the net result is a surplus or a deficit financially .. And adopt government-owned banks when preparing their budgets for planning, the historical basis in the preparation of budgets with the short term, taking into consideration some of those variables when preparing future plans, which are based on figures and indicators phenomenon in the semi-annual budget accruing to prepare those budgets.. The Kirkuk plans to Almaiaraltarue when preparing financial estimates, spares for many problems and disadvantages of this standard and perhaps most important:

First: based on the planned financial indicators of branches, and presumed high accuracy and this fact, otherwise, due to various reasons can not be reviewed here ..

Second: The scheme which relies on historical basis mostly double indicators achieved in 30 / 6 for the current year to reach the estimated year-end, and then develop Evaluator for the following year, taking into account certain variables expected .. This basic assumption was not much of substance, not necessarily the activity section in the second half of the year is the same for the first half, and this applies to all paragraphs of the budget .. This part On the other hand, some indicators may increase in the second half of the year for the branch, and go down to another branch.

Third: do not pay scheme based on the criterion of many historic importance of adequate external factors, including:

1 - a study of competitors and market share, and the impact on the development of the necessary estimates.

2 - the future direction of legislation and laws and its impact on the development of future plans.

Fourth: The historical norm is not showing the effect of inflation on future budget estimates.

* The foregoing is to succeed banks in a sound and precise plans for its future Least Possible deviations must establish procedures and ways to avoid the shortcomings of the historical norm to minimize the importance of external factors giving clear when preparing the budget.
On balance requires planning budget to answer the following questions:

1 - what objectives to be achieved for the coming year?

2- What is the magnitude of resources required to achieve those goals?

3- What is the size of resources available during that period for the bank?

4- How much of the deficit in resources if any? How will close the gap between what is available and what is required?

5- What other constraints to achieve those goals? Legislation and laws, the competitors, market share, future trends in the economy .. What means can be used to reduce those effects expected.

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

Circulation Central Bank returns to normal rates

Register request to buy the dollar, a return to normal levels during the meetings of the Iraqi Central Bank held weekend and the rate of (120.00 million dollars) for each meeting, having recorded these levels declined significantly earlier sorties (60.00 million dollars) for each meeting. Transactions and achieved at a meeting last Monday highest circulation amounted to (203.39 million U.S. dollars), which recorded the opening session, held on Sunday, a minimum of circulation, and by (66,495 million), concluded hearings week circulation amounted to a relatively low (78.46 million U.S. dollars). The illicit meetings for this week, the exchange rate reached 1184 dinars per dollar, having recorded the final meeting last week of 1187 dinars to the dollar.

The form of cash demand during the five meetings held trading volume amounted to 25% of the total transactions, while the 75% in the form of remittances.

The rates of the monetary limits of demand (21.00 million dollars), compared to (40.00 million U.S. dollars), while remittances has maintained limits on the rate of (99.00 million dollars) for each meeting.

The sales operations in the auction, has witnessed during meetings last week, declined because of the relatively non-banks sell offers only during the last meeting, which witnessed an offer to sell four million dollars a week, which is lower than other rates for public sale, which was the Limits of 7 million a week.

And the source from the Iraqi Central Bank that the banks in key government (Rafidain and Rasheed), "was the most deliberated in the meetings of the auction this week, registered a rate of more than 80% of the total trading volumes of the banks participating in the meetings, which had a rate of more than 13 banks in Given meeting, which is expected because of the weight of government banks and owning the largest proportion of cash assets in the banking system on Iraq. "

For his part, justified the economic analyst Dr. Juma Al-Ani, a boom in demand for dollar purchase of a "movement in the exchange rate, which constitutes a gain of rolling and not necessarily gain the market in general."

Ani added that "a downturn in demand during the last week, came as a way to pressure the central bank to show more flexibility toward politics price of the dinar in the auction Central Bank of Iraq."

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

Legal Expert: upgrading is required according to the law firms need investment for the country

His attorney Ammar Al-Zubaidi expert in the registration of companies: The year 2008 Asher retreat registration numbers of Iraqi companies, Zubaidi added that the reason is due to the application of the Companies Act and the ability of Iraqi companies registered in the assignment of fictitious companies to the courts and legal investigations because of irregularities committed by companies registered with the Registrar of Companies in the Ministry Trade.

He emphasized that if we referred to the records of companies registered during the years 2003 - 2007 are very hundreds of front companies and registered and obtained the legal classification without a Micruahd on the existence of practical and legal existence as a going concern in the Iraqi market, and the evidence of his talk that many Iraqi ministries had been instituted In the courts against the Iraqi people and fake companies become more like the ghost of m.o.b.i.l.e, Well now working government ministries and departments in the opening blacklists of companies across prevent dealing with fictitious names.

Zubaidi and explained that the era has ended in chaos recording companies, and now we have players find controls to limit the registration of fictitious companies, let alone the Iraqi market is unlikely without the thousands of companies registered to operate or start any economic activity, eight laws of the Registrar of Companies now in terms of Legal Help window now, it may not be registered owner of the company or any Sequencers is not carrying a legal, and registration are not taken only through a lawyer authorized by the board chairman of the company wishing to register.

Zubaidi noted, however, when the comparison between the Gulf states and Iraq in terms of the number of companies find that the balance be negative in Iraq as a result few costs of registration and fragile conditions, while the Gulf states require a specific number first capital, while Iraqi vice million and a half to two million dinars can your company, then The employment requires that national and Iraqi law is still vague in this area, let alone identify as Gulf Operations Company can not withdraw more than 50 percent of their capital abroad, while the Registrar of Companies Iraqi law allows foreign companies to withdraw their funds in full, and this is what affects the financial security Iraq.

The Companies Act needs to be reconsidered in terms of fines, not unreasonable to be dinars or fines of hundreds of dinars, but is necessary to reconsider the work of the Registrar of Companies in this area in terms of participation of the State fines rents contributor in the state budget and tax equivalent degree.

He called Zubaidi need to support the work of the Registrar of Companies and give investors a percentage of the Iraqi capital, the foreign company operating in Iraq through the presentation in the form of shares for subscription in the Iraq market for securities or a bank eligibility, or direct subscription at 10 - 20 percent of the company's capital, and then he asked Change the value of foreign capital of the company wishing to register with the Registrar of Companies of the value of Iraqi dinar to the dollar appreciation, because the Iraqi dinar is still so far has not returned to the actual value, thereby determining the ceiling of the minimum capital of foreign companies.

He noted that Iraqi law firms need to be a real extrapolation of a new line with the philosophy of the state aimed at stabilizing the free market rules, and that the law now reaches more than 50 percent of the wishes of the investment needed in Iraq.

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

Transmit the file to the Iraqi debt Arab League Council
At the conclusion of the Economic and Social Council in Cairo

Transmitted by the Economic and Social Council at the Arab League to cancel the debt of the file on Iraq to the Arab League Council, while a Kuwaiti source disclosed that a high-level Kuwaiti government will apply to the National Council to extinguish the debt of Iraq.

This came in the final statement of the Council's work in its collection 82, in which Minister of Economy, Trade and Finance Arab members of the Council following a request by the head of the delegation and Iraqi Trade Minister Dr. Abdullah Sudanese farmer who is interested and figured prominently in the agenda of the session.

The Council's agenda at Arab League headquarters in Cairo and concluded Thursday, many of the issues and topics related to the Arab affairs, in addition to discussing preparations for the meetings of the Arab Economic Summit being held in Kuwait in January next year.

He said Assistant Secretary-General of the Arab League for Economic Affairs Ambassador Mohammed Bin Ibrahim Tuwaijri: The agenda of the session as well as to ensure the item on Iraq's request to consider the implications of debt cancellation in favour of Arab States, the issue of amending the Statute of the Court of Arab investment and the Statute of the Council of Arab tourism ministers, and two The first concerns the essential preparations for the Arab summit, economic and social development and to be held in Kuwait and the second deals with the Arab free trade zone which is the centre of a permanent work of the Economic and Social Council, pointing out that there is a special focus in this session to address non-tariff items, including items and quantity of cash, technical and administrative Imposed on the product imported from the Arab-Arab and Arab-origin and enjoys the framework of following up the implementation of decisions of Arab summits in this regard.

For his part, Kuwaiti source said high-ranking Kuwaiti government will submit a request to drop the loans and debts owed to Kuwait on Iraq to the National Assembly session convened to come, pointing out that this step comes in the wake of what was done by Saudi Arabia, UAE and several countries in the region rout of Iraqi debt. The source told press that the Iraqi debt forgiveness may be in accordance with constitutional procedures followed and after returning to the nation's estimated debts of Kuwait to Iraq, according to sources around 16 billion dollars in grants had been paid to the first.

Translated version of http://www.iraqdirectory.com/DisplayNewsAr.aspx?id=6775

Office of Iraqi elections: You must pass the election law in September

Iraqi Electoral Commission announced today, Saturday, it must be approved by Parliament Elections Act, which arose around the dispute by mid-September to allow for provincial elections to be held this year.

He said Faraj Al-Haideri Commission President Reuters that if the law was passed in the ninth or tenth of September would be able Committee and then hold elections on Dec. 22 in December. He explained that if passed the law after the Commission would try to take place on December 31 in December.

If we do not pass the election law by that time the elections could take place next year. If there was a further postponement of provincial elections, which was scheduled in October in the first strike in December that frustrated Washington, which sees these elections is essential for their efforts in helping to reconciliation among rival Iraqi factions, strengthen the nascent democracy in Iraq.

And fouled pass the law due to the crisis of how to deal with the oil-rich city of Kirkuk and the Kurdish minority that are considered part of the traditional homeland.

He rejects Turkmen and Arab city, many of whom who moved to Kirkuk under a policy of "Arabization" of the city that Saddam Hussein pursued an ambitious Kurds to make them part of the northern region which enjoys autonomy.

In early August parliament adjourned because of summer vacation after lawmakers failed during last-minute negotiations to reach a settlement on how to deal with Kirkuk in the elections law.

He objected Iraqi President Jalal Talabani on the previous version of the law and returned it to parliament again.

The vote is seen as important in helping the government of Prime Minister Nouri al-Maliki in translating the sharp decline in violence over the past year to progress in rebuilding Iraq's economy, infrastructure and reforming and modernizing government and prevent renewed bloodshed.

However, it will not be easy for legislators who resumed work by the ninth of September speedy resolution of their differences on the issue of explosive such as Kirkuk.

It had some Iraqi politicians have criticized the United States for its pressure on Iraq to hold elections without delay.

Another question is how many Iraqis will go fatigued five years of war and bitterness left in the hearts of the ballot.

Haideri said that about 17 million Iraqis registered in the wake of previous elections. He explained that about two million Atto to the election centers to ensure the registration rolls.

Translated version of http://iraqshabab.net/index.php?option=com_content&task=view&id=9841&Ite mid=1

Ration card items distributed ahead of Ramadan

The Iraqi Ministry of Trade on Sunday said that it has begun to distribute ration card items in preparation for the holy month of Ramadan.

"The ministry has begun to distribute the ration card items that have been obtained from international firms to all Iraqi provinces without exception," read a ministerial statement received by Aswat al-Iraq - Voices of Iraq - (VOI), quoting the minister of trade, Abdelfalah al-Sudani, as saying.

On Thursday, the director of the Ministry of Trade's State Company for Foodstuffs Trading, Qays Mohammed Naseeb, said that the items distributed include five kilograms of flour for each family, in addition to two kilograms of sugar and half a kilo of lentil for each individual.

Al-Sudani explained that his ministry had contracted several companies to purchase huge quantities of sugar, chickpeas, oil and detergents in an attempt to meet the rising demand during the month of Ramadan.

Ramadan is a Muslim religious observance that takes place during the ninth month of the Islamic calendar, believed to be the month in which the Qur'an began to be revealed. It is the Islamic month of fasting, in which Muslims do not eat or drink anything from dawn until sunset. Fasting is meant to teach the person patience and humility. Ramadan is a time to fast for the sake of God, to offer even more prayer than normal and ask forgiveness for the sins of your past and ask for guidance in the future. To refrain from every day evils and try to purify oneself through self-restraint and good deeds.

Aswat Aliraq

Intl. Economic event in Baghdad in November

The Iraqi Ministry of Trade on Sunday said that it will hold an international economic event for the Baghdad International Fair on November 10.

"Preparations have started for the event in cooperation with the Iraqi government and different ministries," according to a ministerial statement received by Aswat al-Iraq - Voices of Iraq - (VOI), quoting the director general of the Iraqi exhibitions, Sabti Jumaa Hassan.

"It is a good opportunity to directly deal with those concerned with building a modern infrastructure in Iraq and creating a development and an investment breakthrough," Hassan said.

According to Hassan, the Baghdad International Fair deals with contracting works, roads, bridges, modern building and housing mechanisms, trade, electricity, universities, health, m.o.b.i.l.e. p.h.o.n.e.s computers, investment, motors, medications, agriculture, environment protection, tourism, hotels, tourist services and others.

Aswat Aliraq