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

Iraq and Iran ink a trade memorandum of understanding

An Iraqi trade delegation and Officials from Qeshm Iranian enterprise sealed a memorandum of understanding regarding multilateral cooperation and that in order to enhance trade cooperation between the two countries. A source in the Iranian enterprise said that the memorandum includes enhancing trade cooperation especially in the field of transporting goods from Qeshm duty free region towards Iraq. To that, the memorandum aims at enhancing relations in different industrial fields as well as developing tourism.

Iraq and Iran ink a trade memorandum of understanding | Economics News | Alsumaria Iraqi Satellite TV Network

Kuwaiti envoy takes up post in Baghdad after 18 years

Eighteen years after ****uted dictator Saddam Hussein invaded Kuwait, the Gulf emirate's envoy presented his credentials to Iraq's new Shiite government Wednesday, promising to "forget the past."

"The political leaders of the two countries have decided to forget the past and build good relations between them," Ali al-Momen said at a media conference with Iraqi Foreign Minister Hoshyar Zebari.

Kuwait has claimed damages from Iraq for the August 1990 invasion and the following seven-month occupation by Saddam's forces, which were expelled in 1991 by a US-led coalition.

The two oil-rich neighbours have yet to settle a number of issues related to debt and war compensation estimated at tens of billions of dollars.

"This (debt) subject needs more time and decisions and is in the hands of the Kuwaiti leaders," Momen said, but added that Kuwait is "open for Iraqis in all sectors but needs time to set up regulations."
Since the war with Saddam, Iraqis have been banned from entering Kuwait.

Baghdad is required to pay five percent of its oil revenue into a fund created by the UN Security Council as compensation for war damages linked to the invasion and occupation.

Saddam was toppled after the 2003 US-led invasion of Iraq and ****uted for crimes against humanity in December 2006.

Washington has been pushing its Sunni Arab allies to re-establish ambassadorial ties with Baghdad as a counterweight to Shiite Iran.
Earlier this month ambassadors of Bahrain, Jordan and Syria began working in Baghdad while a UAE envoy last month became the first Arab ambassador to be stationed in Iraq in two years.

Kuwaiti envoy takes up post in Baghdad after 18 years

Originally Posted by Seaview

Parliament: I shall group signatures to put the oil and gas law to parliament

Vice Chairman of the Commission on oil and gas Abdul Hadi al-Hassani, he will collect the signatures of other deputies to put oil and gas law to the House of Representatives.

The al-Hassani, told a news briefing Tuesday to collect signatures for the parliaments to put forward a draft law of oil and gas for its first reading in parliament because that is long overdue.

The oil and gas law has been put forward for discussion in February of last year, allowing Arab and foreign companies with Iraq contracts to extract oil.

Has seen oil and gas law heated debate between the various parties involved and participate in the political process, because the items contain the law allows regions and governorates not associated with the territory of the signing of an oil investment contracts without recourse to Center.

Translated version of http://radionawa.com/(X(1)A(-FQuUy5qyQEkAAAAZTRlNTJmMjYtOTc4OC00M2ZhLTgwODctODM 2OGI0MWI1MzU0H47HnEA_KxF6w1BPNJ12gG_pgvA1))/ar/NewsDetailN.aspx?id=23075&LinkID=99

Well...

this is just a speculative approach, but I understand what probably is going on, with the global economy at the fundamental level. (really?) OLD Southern America (and those all over the US like that America )has been put under duress ! For that one!. The one that all other countries more or less, desire to embrace,as the leader of the empire.

Removed...only after a forced election, (duress) a of a us leader is cemented one way or the other.

Who would be architech of this expensive move that cost, human lives, human life, and the life most live and depend on. Those who had much less materially or monetarily were in the safest place...hmmmm? So who would promote activity that would destroy those who thought that things,money etc. would make one secure?

The eyes of many will be opened after the US election.

I can't wait until this investment reaches it designed level one way or the other.

pms are welcome !

Iraq blasts US military chief over pact warning

Iraq on Wednesday blasted US military chief Michael Mullen for sounding a warning to its leadership over delays in the signing of the controversial security deal with Washington.

Mullen on Tuesday said that if Baghdad delayed signing the deal beyond the current UN mandate that ends on December 31, its security forces "will not be ready to provide for their security." "And in that regard there is great potential for losses of significant consequence."

His comments were "not welcomed" by Iraq, said government spokesman Ali al-Dabbagh. "The Iraqi government is deeply concerned by the statement of Admiral Michael Mullen," Dabbagh said in a statement.

"Such a statement is not welcomed by Iraq. All Iraqis and their political entities are aware of their responsibilities and are assessing whether to sign the deal or not in a way that it is suitable to them.
"It is not correct to force Iraqis into making a choice and it is not appropriate to talk with the Iraqis in this way."

Despite Mullen's warning, the Iraqi cabinet decided to seek changes in the pact that is aimed at determining the presence of American troops in the country beyond 2008 when the UN mandate ends.

Admiral Mullen, the chairman of the Joint Chiefs of Staff, had also charged that Iran was working hard to scuttle the passage of the so-called Status of Forces Agreement, or SOFA.

"We are clearly running out of time," said Mullen.

US Secretary of Defence Robert Gates later Tuesday echoed Mullen, warning of "pretty dramatic" consequences of not clinching an accord. "The consequences of not having a SOFA and of not having a renewed UN authorisation are pretty dramatic in terms of consequences for our actions," Gates said in Washington.

The agreement calls for a withdrawal of US combat forces from Iraq by the end of 2011 and includes US concessions on jurisdiction over US troops accused of serious crimes while off duty or off base. But the agreement has ignited fierce debate in Iraq with radical Shiite cleric Moqtada Sadr leading protests against it.

Iraq blasts US military chief over pact warning

Originally Posted by maceman

Well...

this is just a speculative approach, but I understand what probably is going on, with the global economy at the fundamental level. (really?) OLD Southern America (and those all over the US like that America )has been put under duress ! For that one!. The one that all other countries more or less, desire to embrace,as the leader of the empire.

Removed...only after a forced election, (duress) a of a us leader is cemented one way or the other.

Who would be architech of this expensive move that cost, human lives, human life, and the life most live and depend on. Those who had much less materially or monetarily were in the safest place...hmmmm? So who would promote activity that would destroy those who thought that things,money etc. would make one secure?

The eyes of many will be opened after the US election.

I can't wait until this investment reaches it designed level one way or the other.

pms are welcome !

I have no idea what any of that means....

Lower demand for dollar in CBI auction

Demand for the dollar was down at the Central Bank of Iraq (CBI) auction on Wednesday, registering at $174 million, compared to $183.045 million in the previous session.

“The demand hit $174.150 million in cash, covered by the bank at an exchange rate of 1,180 Iraqi dinars per dollar; and $149.5 million in foreign transfers outside the country at an exchange rate of 1,177 Iraqi dinars per dollar,” according to a release issued by the CBI.

None of the 14 banks that participated in the session offered to sell dollars.

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

Lower demand for dollar in CBI auction : Aswat Al Iraq

FINANCIAL EXPERT: Convention economic gains in Iraq

The financial expert, on Wednesday, the articles on the economic aspect of security in the Convention to be held with Washington can achieve the economic gains of Iraq, criticizing the failure to include articles relating to the continued U.S. spending on the reconstruction of Iraq and investigate cases of corruption.

The image of Majid (Voices of Iraq) that the articles on the economic aspect of the Convention, which is currently debate on the ratification "of the fundamental issues that Iraq can not achieve alone," a "mission of the foundation to develop the Iraqi economy in the situation of possible development and growth."

Raise the Convention to be held between Iraq and the United States, heated debate between government and religious circles and popular in Iraq, and the Political Council for National Security, had on yesterday, Monday, referred the draft of the Convention to the Council of Ministers, to take a decision on the submission to parliament or not, after two meetings of the political council Without an agreement.

The image that the paragraphs on the economic aspect of the agreement was "to help Iraq out of Chapter VII of his legal recovered by the Security Council resolution 661 of 91", as "the only exit Chapter VII of Iraq means it will be fully independent to take decisions and all political and economic policies On the future of Iraq. "

Chapter VII is the chapter on sanctions due immediately and not in the home of the United Nations Charter, which provides for the use of all means for their implementation, including military force against the state that threaten world peace and Iraq signed under Tailth after the second Gulf War which gave Kuwait.

The image is part of the Convention that article was published articles relating to "maintaining Iraq's resources of oil and gas, financial and economic assets abroad, including the Development Fund for Iraq" and "get as much as possible exemptions debt resulting from the former regime ".

"It also includes the quest for access to" a final decision on claims that Iraq had not been handed down a decision after including the requirements imposed on Iraq by the UN Security Council. "

However, "Despite all these fundamental matters of Iraq, which has guaranteed a lot of fundamentals," he should "bear us that Iraq was due to sabotage the great wars and blockades, especially over the last war whose outcome was occupation."

He pointed out that "the important things committed by the United States is the reconstruction of Iraq, although he is not determining the meaning of reconstruction, but at least it means a return back to Iraq before the war," but "unfortunately so far been achieved despite The sums that had spent much beyond the amounts needed for Iraq reconstruction, not development. "

He noted that this image was "due to the lack of transparency in spending the money allocated for reconstruction, whether by States or the donor countries or Iraq itself."

The image of "the necessity that the Convention contains the continuation of U.S. spending for reconstruction in addition to investigation of cases of financial corruption that accompanied the reconstruction process to recover the stolen money," it did not include "the restoration of the money stolen by the former regime as far and abroad."

Translated version of http://ar.aswataliraq.info/?p=104618

Speaker urges German companies to invest in Iraq

Speaker of the Iraqi Parliament Mahmoud al-Mashhadani on Wednesday called on German companies to take part in the construction campaign that is currently taking place in the country.

During his reception of the German ambassador in Baghdad, Christopher Weil, Mashhadani noted that those companies that will contribute to construction efforts should take potential risk before enjoying the fruits of their work,” according to a statement released by Mashhadani’s office and received by Aswat al-Iraq.

Commenting on bilateral relations, the speaker said that the Iraqi people pursue a strong friendship with Germany.

Speaker urges German companies to invest in Iraq : Aswat Al Iraq

Prime Minister made special effort to reach national consensus on Security Agreement
Do not accept any provocation Botunaitna and sovereignty and jurisdiction Iraqi demands

The Chairman of the Foreign Relations Committee in the House of Representatives Prime Minister Nuri al-Maliki is making special efforts to reach national consensus on the security agreement with the United States, may be useful to experts and Iraqi politicians made clear to the Prime Minister that there are points clear and useful, but there are narrowing the same time, some of its clauses. .However, like it gives and takes from the other hand.

Dr. Sheikh said. Humam Hammoudi, today, Wednesday, 22/10/2008 In press statements at the headquarters of the Foreign Relations Committee, the House of Representatives that the security agreement is important and sensitive to all political forces in both the rejection or acceptance, adding that the prime minister initiated the referral to discuss the Political Council for National Security Council presidency And ministers in an attempt to gain national consensus on the agreement and a decision is not because Iraqis are divided into groups.

In response to a reporter's question ********* TV Network on the immediate withdrawal of U.S. threats, which creates chaos and the return of the fighting, "Sheikh Hammoudi," according to accounts of U.S. military and Iraqi alike, the sudden withdrawal would create a gap in the maintenance of the ground. "

He told Sheikh Hammoudi free Iraq, "Prime Minister sustained in the movement to reach national consensus on all matters relating to security and the Convention to transfer Mr. Tariq al-Hashemi also have my meeting with him yesterday."

And the fact that external pressure to prevent the signing of the agreement, Dr. Hammoudi said "the fact is that Iraq is a country surrounded by six countries have important positions on the U.S. presence, but the Iraqi government, courage and wisdom able to send messages to reassure everyone, not just Iran, that Iraq will not be a springboard for attacks on any A third country. "

The Sheikh Humam Hammoudi, we do not accept any provocation from any outside party in question Botunaitna and all the demands advocated by the demands of others is purely an Iraqi proclaimed by and wants to deny the national government and the people and this is unacceptable. "

http://209.85.171.104/translate_c?hl...613jj12DyesirQ

Uloum: Iraq's oil sector is facing challenges because of a lack of strategic vision

Said former oil minister Ibrahim Bahr al-Ulum that "there is a major challenge faces the Iraqi state in the next budget because of lower oil exports," referring to the "lack of strategic vision for the oil ministry and a personal efforts especially in the oil contracts."

Uloum said in an interview with "Uzmatik" said Wednesday that "after oil exports to hit two million barrels per day at the beginning of the year 2008 began to decline since the beginning of last May by 100 thousand barrels per month until the daily export rate for the month of September, and 640 million barrels A decline of 25% of what was issued at the beginning of this year. "

Uloum said that "there will face a major challenge in the coverage of the Iraqi state budget for next year because of the decline in oil exports because the financial budget for next year built on the basis of export two million barrels per day of crude oil at $ 80 per barrel."

The former oil minister that "the main reason for the decline in production and export of crude oil absence of strategic vision for the oil ministry to develop the oil sector."

Uloum said that "there are many personal efforts especially in cases of contracts and, therefore, the oil ministry had many obstacles in the question of attribution of contracts of service and make them give up the orientation sessions licenses."

The Oil Ministry has negotiated with five international companies to conclude contracts given to "serve" to increase the production and development of a number of oil fields produced by advice and the provision of stand-by to help increase production. The objective was to reach production to more than two million and seven hundred thousand barrels by the end of this year, however, that these negotiations was canceled for reasons not remember the Oil Ministry.

Ulum said that "to develop the oil sector must be the national oil company, structure and support personnel to provide oil and the necessary mechanisms and the introduction of modern equipment for the rehabilitation and the rehabilitation of oil wells," and to "focus on the export system and the reform of existing ones," which he described as "far from the ground".

Translated version of http://iraqalaan.com/bm/Economy/9604.shtml