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

The future prospects of the economy in Iraq .. economists: the crisis of the Iraqi economy and inherited structural

Still prospects of the economy in Iraq is clear despite the passage of more than five years to change that followed the fall of the regime and covered all critical areas in the building of the Iraqi state and perhaps the economic crisis existing in Iraq now are the most serious obstacle in the way of development is expected as Iraq has the resources Human, economic and intellectual perspective can catch up with moribund States during a time and Brief. The economic crisis linked to the political Ralazmp clear that afflict the country against the backdrop of violence which formed the most prominent features of post-dictatorship Iraq and the crisis large and deep grave repercussions on the overall aspects of life in Iraq, but it is clearly the significant differences in the size of the Iraqi economy and the modern state-building project, which seems The bad planning so far

The totalitarian characteristics of the Iraqi crisis both at the political, security or economic or even cultural and social inclusiveness is the most serious challenge could face Iraq today and the future is of course SEPT artificial crisis or the result of the last few years but structural crisis has grown dramatically in the contract Altsainat because of the economic embargo and thus prevented the recent war, which produced a devastating economy and political system burdened by the legacies of the past.

Economic and asked us Karim Khodeir Sawadi on the economic developments that will occur Iraq during the next phase? Said: On the basis of factual data that dominate the relationship between the world economy and politics in Iraq, reference may be made in advance. We are trying to extrapolation and prospects than we are to approve a plan of action can not be assuming any responsibility in the absence of factors of stability or required by Alodoouh Ttoerpena.

The economy in any country in the world and throughout history, depends on the stability of Iraq, whether political or security level over the power enjoyed by the political decision-maker in the Iraqi state out of the times that hinder the advancement of economic Iraq as a stable economy has the advantage of stability, or progression up Static since there were strong correlation between the causes of the Iraqi Times and the resulting economic dislocations in the building, one of the first manifestations of this allocated by the research community economic phenomenon of unemployment, which reached a dangerous range of between 65 to 70% of the labor force, while the rate of Kuwait 1.1% in Egypt, 9.2% and 14% in Iran, Jordan, 15%, and the phenomenon of poverty as Iraqi citizens now on the list of the poorest in the world in terms of annual income, these phenomena (unemployment and poverty) lead the result of the growing phenomenon of violence Unemployment usually lead to the result of poverty Corollary to the lack of adequate job opportunities as the poverty rates in Iraq have reached high levels and this was reflected in the standard of living of Iraqis in terms of deterioration in the level of services, health, education and other and become both the unemployment and poverty Kmadkhlin the foundations of the violence that has spread in Iraq and the level of very large but That Iraq has become an arena for international terrorism and the crisis over as the bulk of financial resources go to defense and security, while the process of promoting economic disrupted significantly.

These phenomena to which we are part of any impediments to the advancement of economic future is also clear there is a complex and difficult we have to go beyond them to catch up and successfully developing countries first, then shift again in the footsteps of developed countries.

We asked Ms. Batool Mehdi Dawood, a political activist on the political system in Aglaguetsadip overcome the crisis in Iraq? She said: The economic crisis experienced by Iraq under the new situation and future source of danger in view of the most difficult to control the repercussions of the Iraqi state system crisis is an exceptional situation the country is undergoing. This situation assume non-traditional ways to control the consequences, and out of focus The role of political leadership around here adapt to these times, not for the exit, especially in light of the current period experienced by the Iraqi economy and the crisis management requires a more rational and realistic, and the resulting pressure control and Asra tracks trends in a way that the government is working regularly and systematically.

And on the ability of the political actors in Iraq out of economic crisis? Ms. Batoul: the forces involved in the political landscape now has programs were not clearly defined since the fall of the regime, in the sense that it has economic signals within their political not economic develop programs aimed at specific targets and destination, we believe that the programs because of the track is, in fact, not programs, but Are certain reactions, meaning it necessary measures to meet specific and not ways to avoid creating a crisis and contributing to the worsening of the crisis that the Iraqi economy is already distorted economy inherited chronic diseases manifest in the external debt, unemployment and structural aspects of diversity and its dependence on one source of yield increases, the contribution of the service sector and decline The contribution of productivity such as agriculture, industry and especially the administrative corruption which was not new but Iraqi life is a legacy of a distorted system led Iraq for four decades this cruel and Mayaterv expressly Iraq's former representative at the United Nations Mohammed al-Douri, in his book (the game ended), where he says spread of administrative corruption Already in Iraq during the Iran-Iraq war and spread of the epidemic through Altsainat, particularly during the siege, particularly after the introduction of the Memorandum of Understanding the oil-for food, medicine and many fell within the graft and outside, but it came to the States, international organizations and corruption became part of the entity state institutions.

As Professor Faleh Majid Mayali Master sees the economy: The economic crisis in Iraq through several stages of complex dimension and gave a non-fragmented screening and diagnosis. But there is a final stage of the crisis is in crisis and to contain and limit damages and specifically here comes the role of leadership through rejection between two variables, the issue of crisis management, leadership and the presence of To come out in the light of the extrapolation of the political situation in the Iraqi note that a crisis is problematic leadership crisis or the problem is the existence of a double crisis of political leadership on the one hand and economic crisis on the other. In a review of the political situation after the 4-9 / 2003, with successive governments With solving the economic crisis in the country, but that the economic situation continued as part of the crisis and worsened due to return to the enticements the political arena in Iraq, which has Bdilalha on everything.

Thus we come to a solution Alazmpalaguetsadip must be preceded by solving the economic crisis or the crisis of authority, especially regarding the legislation, regulation or practice of foreign troops in Iraq and must also develop strategies for most of the productive sectors and to begin coordinating Binalesiasp financial and monetary policy and the elimination of inflation and find the root comprehensive treatments.

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Al Maabar unveils details for Baghdad $10bn development

International real estate development investment company, Al Maabar, has unveiled details of its new project, to be developed in Baghdad, Iraq.The US $10 billion (AED 36.5 billion) development, which is located at the Al Rasheed Military Compound, will stretch across 5,000 donums (1,250 hectares) and comprise several key clusters including residential units, a commercial district, a technology center, a hotel and hospitality district, health care and educational districts, and public facilities such as mosques and gas stations.

A great part of the site will also be devoted to undertaking some of the largest entertainment centers in Baghdad. It is envisaged that the project will include public recreational parks, a golf course, museums and other cultural facilities such as theatres and cinemas.

Commenting on the project, Yousef Al Nowais, Managing Director, Al Maabar said: "The move to develop this project complements the growing levels of support that the UAE is providing to the government of Iraq. Through the direction of the Abu Dhabi leadership, Al Maabar will add real value to the countries that it invests in.

''Al Maabar plans to achieve this through job creation and talent development, knowledge transfer and economic stimulus and will be working very closely with the relevant ministries in Iraq to insure that this project meets the specific needs of the Iraqi people," he added.

Consultants Dar Al-Handasah has been awarded the contract for creating the conceptual master plan along the guidelines set by the urban planning and municipal authorities in Baghdad.

"The conceptual master plan is intended to illustrate development opportunities, which will guide subsequent detailed design and investment analysis of the project. Having the master plan created at this stage will help establish a vision for the overall development, while taking into consideration the topography, the natural environment, and the water front aspects. In addition, the conceptual master plan will help develop planning-level construction cost estimates and a program of land use and infrastructure facilities," he concluded.

Al Maabar unveils details for Baghdad $ 10bn development

Kurdish-Czech trade deal soon – source

The next couple of days will see the signing of a trade cooperation agreement between the Kurdistan and Czech federations of chambers of comers, according to a Kurdish official.“A trade delegation from the Czech Republic will be visiting Kurdistan region on October 14 to sign a memo of understanding between the two federations,” Hussein Baqi Hourami, the first vice-president of the Iraqi Kurdistan region’s chambers of commerce, told Aswat al-Iraq.Hourami, who also heads the Sulaimaniya Chamber of Commerce & Industry, revealed a program to “set up a Kurdish-Czech joint committee to enhance economic relations between the two sides”.He added that the committee’s work should focus on trade and investment data to brief the Czech companies on the economic climate in the Kurdistan region.“In accordance with the agreement, residence and banking facilities would be offered for the Czech companies to work in the region through accurate data on the Kurdistan economic conditions and viable spheres of investment,” Hourami noted.He said that so far the Czech companies did not contribute soundly to the investment domain in the Iraqi Kurdistan region although some of them participated in the 3rd international fair hosted in Sulaimaniya in November 2007.The modern city of Sulaimaniya, 364 kilometers north of the Iraqi capital Baghdad, was founded in 1748 by a Kurdish prince known as Ibrahim Pasha Baban who named it for his father Sulaiman Pasha. Since being founded as the capital of a powerful Kurdish principality it has grown to about 1,800,000 people.Sulaimaniya, known as Zamwa prior to its founding, is the cultural center of the Sorani-speaking Kurds and an important economic centre for Iraqi Kurdistan.

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Double demand for the dollar in CBI auction

Demand for the dollar doubled at the Central Bank of Iraq (CBI) auction on Monday, registering at over $233 million, more than twice yesterday’s demand of nearly $110 million.

“The demand hit $54.400 million in cash and $179.490 million in foreign transfers outside the country, all covered by the bank at a stable exchange rate of 1,179 Iraqi dinars per dollar,” an official source from the bank told Aswat al-Iraq.

None of the 15 banks that participated in the session offered to sell dollars.

The Central Bank of runs a daily auction from Sunday to Thursday.

Double demand for the dollar in CBI auction : Aswat Al Iraq

U.S.-Iraq Economic Commission meets Tues

The U.S.-Iraq Joint Economic Commission (JEC) will meet on Tuesday in Arbil province with U.S. officials on bilateral relations, according to a commission member.

“The committee on economic and trade activities, which includes the chairman of the Chambers of Commerce in Iraq, the chairmen of the Chambers of Commerce in Arbil, Sulaimaniya and Duhuk, and representatives of the ministries of trade and finance, will meet with U.S. officials to discuss relations between U.S. and Iraqi companies,” Hassan Baqi Horami told Aswat al-Iraq.

The meeting will be the first by the commission in Iraq’s Kurdistan region.

Established in 2007, the U.S.-Iraqi commission aims at boosting trade relations between U.S. and Iraqi firms.

Arbil, also written Erbil or Irbil, is believed to be one of the oldest continuously inhabited in the world and is one of the largest cities in Iraq. The city lies eighty kilometers (fifty miles) east of Mosul. In 2005, its estimated population was 990,000 inhabitants. The city is the capital of the autonomous Iraqi Kurdistan region and the Kurdistan Regional Government (KRG). It hosts the headquarters of the Kurdistan region ministers and parliament.

Since the overthrow of Saddam Hussein, only isolated, sporadic violence has hit Arbil, unlike many other areas of Iraq. Parallel bomb attacks against the Eid celebrations arranged by the Iraqi President Jalal Talabani’s Patriotic Union of Kurdistan (PUK) and KRG President Massoud Barazani’s Kurdistan Democratic Party (KDP) killed 109 people on February 1, 2004. Responsibility was claimed by the Islamist group Ansar al-Sunnah, and stated to be in solidarity with the Kurdish Islamist faction Ansar al-Islam. Another bombing on May 4, 2005 killed 60 civilians. Despite these bombings the population generally feels safe.

U.S.-Iraq Economic Commission meets Tues. : Aswat Al Iraq

Massum: President Barzani will discuss issues that concern the country in Baghdad

In a statement to the Iraqi al-Mada newspaper, Dr. Fuad Massum expected that the Iraqi and U.S sides will reach an agreement on the security pact at the end of this month.

He emphasized that the issues that are subjects of dispute will be settled soon. He clarified that the immunity of the U.S soldiers is the only point which is a subject of dispute between both sides.

Massum also said that the Political Council of the National Security is going to hold a meeting after the meeting of the ****utive Council in the next two days.

“President Barzani will discuss with the leaders of the federal government, the Iraqi-U.S pact, the constitutional amendments and the other laws that concern the country in addition to the work of the constitutional foundations”, Massum added.

He pointed out that the leaders will discuss Article 140 of the constitution and the disputed areas and to find the ways of settling these disputes.

PUKmedia :: English - Massum: President Barzani will discuss issues that concern the country in Baghdad

Talabani and al-Maliki met in Baghdad

Iraqi President Jalal Talabani on Monday met with Iraqi Prime Minister Nouri al-Maliki in al-Salam presidential palace in Baghdad.

They discussed the ongoing political process in Iraq, the challenges which hinder its progress, and ways to deal with the issues. They agreed on reactivating joint work for pushing the political process forward, dealing with all the suspended issues about the performance of the Iraqi government and carrying out signed treaties among participating sides in the Iraqi cabinet.

Talabani and al-Maliki agreed that the Iraqi constitution should be the reference in dealing with the suspended issues in Iraq.

General conditions in Iraq were discussed during the meeting where President Talabani and al-Maliki stressed the importance of the draft security deal between Washington and Baghdad on the future of US forces in Iraq.

PUKmedia :: English - Talabani and al-Maliki met in Baghdad

Interior Ministry to take over all of Baghdad security

The former officer of police affairs in the Interior Ministry Brigadier Aydan Khaled said in a press conference that the Ministry is about to take over security all around Baghdad after the capacities of the Ministry forces are completely attained.

Interior Ministry to take over all of Baghdad security | Iraq News | Alsumaria Iraqi Satellite TV Network

Baghdad not as ‘secure’ as government claims, residents say

The security situation in Baghdad has aggravated recently amid a rise in car bombings and attacks directed mainly at government troops.

Residents say conditions are worsening in the Iraqi capital once again despite the heavy presence of Iraqi security forces and a surge in number of checkpoints.

The troops have complicated life in the city as they regularly cordon off streets and areas, set up temporary checkpoints and shut streets and bridges to traffic.

Some residents spend most of the day in their cars before reaching their offices or shops.

“There is a direct link between traffic jams and security. Congested streets in Baghdad are an indication of an upsurge in insecurity,” said a resident refusing to be named.

Snipers have returned to the city but now they aim their bullets solely at Iraqi troops.

Car bombers have made a comeback with three major bombings killing and injuring scores of people last week.

“The only sign of relative security is that fewer Americans are being killed. Otherwise, almost everything is the same,” said another resident on condition of anonymity.

Troops are being deployed and redeployed in the light of needs and attacks.

Some Iraqi army units are applying U.S. Marines’ methods during their deployment. They try to close roads they use to traffic and forbid Iraqi drivers approaching their convoys.

The universities in Baghdad complain that attacks and traffic jams have made it difficult to resume teaching on a regular basis after the summer holidays.

“We cannot guarantee that attendance of both staff and faculty will return to normal under these conditions,” said a Baghdad University official.

Last week a car laden with explosives went off in the district of Bayaa, killing nine people and injuring 15.

Lt. Gen. Qassem Atta, an army spokesman, said there has been “a notable rise in the number of snipers” in Baghdad recently.

He said two soldiers at a checkpoint were killed by sniper fire in the Mansour Disctrict. “The troops have cordoned off the area in search of the criminals,” he said.

Two more soldiers have been killed by sniper fire in Baghdad, Atta said.

More attacks have targeted army patrols and checkpoints in the Palestine District, according to Atta.

Azzaman in English

105 international companies involved in the Iraq International Fair

The Iraqi Ministry of Trade, Sunday, more than 105 Arab and foreign companies will participate in the Iraq International Fair will be held for the period from the tenth until the fifteenth of the month of November next November on the ground the Baghdad International Fair.

A statement of the ministry, received (Voices of Iraq) a copy of which was Sunday, authoritative source at the Iraqi Ministry of Trade Exhibition, organized the exhibition in cooperation and coordination with the International Exhibition Business, was quoted as saying that the exhibition to be held under the slogan (workshop of international cooperation to the reconstruction and investment) "would be a International economic event, which has more than (105 companies) its Arab and foreign participation. "

The source noted that the authorized "German companies, French, British, Italian, Swedish and Swiss and South Korea will take part in the exhibition", in addition to that "Turkey will be the largest pavilion has an area (750 square meters), the representative of the great companies specialized."

Also involved, according to the source, "Companies from Saudi Arabia, Egypt and United Arab Emirates, Jordan, Syria and Lebanon", as well as "extensive participation of ministries and official institutions of Iraq, especially the Ministry of Industry and Minerals and companies and the Ministry of Construction and Housing and the Ministry of Transport and the Ministry of Oil, and the commercial sector in the national engineering Communications and Internet companies and trade associations, industrial and economic. "

The source also said the two Philips, Siemens shared also in this exhibition

The source added that "preparations are continuing to create all the necessary requirements for the success of the show," he said, adding that "three rooms equipped with large rooms offer a (7, 15 and 16), was also cleared rubble and the organization of the exhibition gardens in preparation for the event, economic, investment and a major trade."

The statement said that "provided all the requirements of security protection for participants and visitors to the exhibition companies and over six days," noting that "he was allocated a media center with network communication and the Internet to facilitate communication for all participants."

The statement said that "the establishment and organization of this exhibition is part of the Ministry's plans and programs for the establishment of internal opposition, after the success of the first national exhibition of reconstruction and investment in the month of May last May."

Translated version of http://www.iraqdirectory.com/DisplayNewsAr.aspx?id=7091