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

Iraqi government approves the drilling of 45 oil wells

The Iraqi government announced Muatha to contract with international companies for the drilling of forty-five oil wells in Iraq.

He said government spokesman Ali al-Dabbagh told reporters that the cabinet approved the drilling of forty-five oil wells in various parts of Iraq in the amount of $ 207 million with the number of known global companies.

http://72.14.235.104/translate_c?hl=...eBa3gDWC0hGsKQ

President Talabani receives invitation from Emir of Kuwait

Iraqi President Jalal Talabani met today Khalid Fleche the representative of Emir of Kuwait Sheikh Sabah Ahmad Al-Jaber Al- Sabah.

In a meeting, President Talabani received a letter from Emir of Kuwait in which he was invited to attend an Arabic summit on economy and development which is scheduled to be held next month.

On his part, President Talabani accepted the invitation and conveyed his salutation to both the leadership and people of Kuwait, reiterating promoting fraternal relations between both countries.

http://pukmedia.com/english/index.ph...=7506&Itemid=1

Kurdish official: Barzani will request diplomatic relations with Ankara

A well-informed Kurdish sources told al-Zaman Turkish newspaper that the President of Kurdistan Region Massoud Barzani will request the Turkish premier Recep Tayyip Erdogan to lift the siege of the political dealing on KRG throughout their talks in Ankara at the coming period.

The sources added that President Barzani will request establishing diplomatic relations between Turkey and Kurdistan Region via opening consulates, in front of the cooperation of KRG in dealing with the PKK issue through closing their camps in the border areas.

The Kurdish sources mentioned that KRG wishes that Ankara would not deal with PKK issue as a terrorism case and to solve it in the frame of general amnesty, which is to be issued in this case. The sources mentioned that KRG won’t deal with any demand to transfer the fight into a Kurdish-Kurdish one.

Regarding the date of President Barzani’s visit to Ankara, the sources expected that it will be after the return of President Barzani from his visit to several European countries or it will be before this date.

A high-ranking Turkish official had announced that Barzani is ready to cooperate with Turkey after their meeting in Baghdad before two weeks. Meanwhile, Turkey announced that it wants a military cooperation with United States and the Iraqi government to stop the activities of PKK.

Bearing in mind that President Barzani had discussed the PKK issue with the American secretary of state Condoleezza Rice at his visit to Washington in the past week. While the Turkish premier intends to discuss this dossier with the president-elected Barack Obama at the sidelines of the financial summit, which will be held in Washington this week.

http://pukmedia.com/english/index.ph...=7502&Itemid=1

WHAT ARE WE WAITING FOR???
Hello, I posted a while back and never received an answer but I'll try and post again in hopes that someone will try and answer me. TY.
What are we waiting for when it comes to having the Iraqi Dinar made "official and public"? I, along with many others, are wondering several things?
* what is the next step that we need to see happen in order to "cash out" our dinar?
* In America, will we need to pay taxes on the income and how much? what percentage?
* I have heard that the price of fuel must go up in order for the dinar to work for us, is that the truth?
* I know that many of you have been waiting a LONG time to see the day when you can collect on the dinar, but it seems like everything has come about that needed to with the Iraqi government but now it just seems like its hanging. What are we waiting for and when the heck will it be time to cash out?
Thank you for reading and listening to my silly questions. I'm sorry that I am asking them but I have NO idea about all of this and I'm trying to search about it but it seems like no one is answering me out there. Maybe someone here can/will?
Thanks again

Good question,

One which all of us have been wondering for years. lol Seriously, what we are waiting for is nothing more than what has been the goal or Iraq since removal of Saddam, and that was to restore the dinar to former levels, now what that will end up being, we don't know.

When officials made these statements, it was a positive indication of their commitment, but a stable dinar was required in order for this to happen. Well, we have seen a more than stable dinar considering the ongoing internal unstable conditions, so I think that is quite amazing that dinar has steadily risen in value, even when the rest of the world currencies are in trouble.

We all know the current issue of U.S. troops staying until 2012 is awaiting for approval, but the usual internal disagreements among sects has constantly gotten in the way, so still no agreement, and UN mandate calls for agreement by end of year, so will we see it, I suspect yes, and with the rising bombings since Obama was elected are any indication, it appears it won't happen on the Bush watch, so I expect this to be delayed with an extention, so same old same old, no one can agree on anything in Iraq.

As I said long ago, they should have wiped Bagdad off the map and move the central gov to Kurdistan region and let all those who want to kill themselves do so and make the north the safe zone, or so called green zone. No one is ever going to end the killing between Shia, Sunni's and Kurds, and why we thought we could make them all live in harmony was the biggest blunder in history. They have hated eachother since the beginning of time, end of story.

What is a fact is that no matter how unstable the government leadership has been, the ongoing suicide bombings, the people still in poverty, the dinar has been the only thing that has been stable for past five years, in fact, strong, so the economy has improved, but the infrastructure is still mostly broken, all due to infighting which will never end. I predict the dinar will continue to rise in value, and given the proof of stability in an unstable country and region, sooner or later the restoration of value will happen as all these oil companies start to develop these massive reserves and secure a place in history for Iraq as the wealthiest unsafe country in the world. Remember, it is a way of life in Iraq, no one values life less than Iraqi's, why else is it so easy to recruit suicide bombers?

Iraqii people don't want to live together in harmony for the most part, and this is easy to see as the goverment offered $1M dinar to those who fled country to come back, and most won't, wonder why? This says it all to me, they know Iraq will never be safe, with U.S. extended to stay or not, the bombings will never stop, so they know the truth more than we will ever know. The smart ones fled, and the smart ones won't return no matter what the future holds. But with all these issues, economies still have to function, good, bad and ugly issues aside, I still expect to see the dinar restored to former levels in time, with a major revalue next year, and then they will test world acceptance as oil exports increase and Iraq becomes one of the wealthiest coutries in the world.

With peak oil issues proven in region, and the world demand for oil ever increasing, it is certain the Iraq reserves which are now proven to be larger than Saudi oil reserves, it will be interesting to see how powerful Iraq will become when they are largest oil producing country in middle east region, never mind the world, so I cannot see one reason not to at least level the values of currencies to other countries in middle east, but it will not happen all at once to former levels, it will be in steps to test the currencies true value, which simply has to be a lot higher than it is now. And with talk about reprinting currency over the past year, and dropping zeros still mentioned by some, yes, it will happen, but only after the first stage of restoring value is announced, and what that will be, no one will say, but it has to happen as I see it, so hang on all you dinarholics, the dinar is stable, and that is incredible first phase success as I see it.

Success to all, Mike

Taxes for U.S taxpayers,

Now this is the question we are all concerned about in U.S. now that election is over. We know capital gains was reduced to 15% by Bush, which was great concidering we all are holding dinar and subject to long term capital gains tax, but under Obama, this is going to rise significantly, in fact, more than the previous level, may be 30% or more, so not a very good situation for anyone in U.S., but hey, remember, all the poor voted, so Obama thinks the wealth has to be spread around, and this is one example of this new policy under Obama.

I for one am not happy with this, as I am sure most are not for we all know the problems that exist with trillions in debt and no hope of recovering without taxes going through the roof, so for the poor, great, we are moving beyond the welfare state, to welfare country, so it will eventually lead to a whopping tax increase, and capital gains increase will be just the tip of this sinking iceberg as I see it. What this will do is create a massive tax revolt, as history does indeed repeat, so I wonder what those who voted for Obama will think then? Remember, as taxes keep going up to pay off the bail out of wallstreet, banks and now auto industry, where will it end? It won't, for the foreclosure issues created by these greedy wallstreeters and banking all caused by Greenspan initially, and he even admits it now, and we all know what administration has covered up the Fannie/Freddie mess, so we now have a domino effect, so I expect to see foreclosures to wipe out all real estate equity gained over the last 17 year cycle, the longest bull real estate market in history. With all the Greenspan encouraged VRM and subprime no doc mortgages, we have only seen the tip of the iceberg, so buckle up, this is even worse than I predicted a few years ago.

Success to all, Mike

Originally Posted by Who am I

WHAT ARE WE WAITING FOR???
Hello, I posted a while back and never received an answer but I'll try and post again in hopes that someone will try and answer me. TY.
What are we waiting for when it comes to having the Iraqi Dinar made "official and public"? I, along with many others, are wondering several things?
* what is the next step that we need to see happen in order to "cash out" our dinar?
* In America, will we need to pay taxes on the income and how much? what percentage?
* I have heard that the price of fuel must go up in order for the dinar to work for us, is that the truth?
* I know that many of you have been waiting a LONG time to see the day when you can collect on the dinar, but it seems like everything has come about that needed to with the Iraqi government but now it just seems like its hanging. What are we waiting for and when the heck will it be time to cash out?
Thank you for reading and listening to my silly questions. I'm sorry that I am asking them but I have NO idea about all of this and I'm trying to search about it but it seems like no one is answering me out there. Maybe someone here can/will?
Thanks again

Hello Who am i

I did respond to your post, if briefly, before - you must have missed it.

For anything to move a few things still need to happen - SOFA, possibly HCL although I think they can proceed without that maybe and Sovreignty.

Chambers of commerce: Exhibition Iraq - chance to open channels of communication with the world

chambers of commerce officials said on Tuesday that their participation in the Iraq International Fair an important opportunity to open channels of communication between Iraqi companies with their counterparts from around the world, with Prime one of the rooms to the need for companies to assure a favorable climate in Iraq.

The official press Iraqi-British Chamber of Commerce Abdul Karim Sarraj His participation in the exhibition "is the second of its kind in Iraq have used the room to participate in international exhibitions and already set up outside Iraq."

He added that the lantern room of the "Protocols of joint cooperation with the ministries of the State is a link between the Iraqi and British companies to import equipment and machinery needed by the State Building and Construction," adding that the goal of participation "activities room and the definition of work and expand contacts between the Iraqi and British companies."

The exhibition of the international Iraq opened yesterday (Monday) the patronage of Prime Minister Nuri al-Maliki, under the slogan (workshop of international cooperation to the reconstruction and investment) with the participation of 135 international companies as well as the different Iraqi companies.

The exhibition is aimed at stimulating investment in Iraq in order to support the economy and strengthening infrastructure across the country, in a speech by the Prime Minister on his behalf by the Trade Minister Abdel Falah Sudan, which said that "Iraq is today more open than before, and looks forward to strengthening the effectiveness of Ocean Regional and international trends to suit the new democratic Iraq, which seeks to build strong international relationships based on common interests. "

The representative of the Iraqi Chamber of Commerce says Saad Farah Brazilian participation in the exhibition comes to "promote and publicize the work room with the other companies", indicating that the operating room to be "a link between Brazilian companies and Iraqi companies, whether governmental or private and commercial agreements between the parties Disguises for the import and Granaries in addition to food and baby milk. "

He said Haider Ibrahim, head of the Chamber of Commerce and Industry Iraqi Swedish participation in the exhibition "came against the backdrop of Swedish companies will find their outlet in Iraq, especially in the industrial and agricultural areas with the Iraqi government."

He pointed out that it was "the first time involving the exhibition room for the reconstruction of Iraq, which is a good chance because the Swedish and Finnish companies have shown a readiness to enter and investment in Iraq," but it "needs a favorable climate and security assurances first and second procedure for the payment of dues if the arrival of the goods to Iraq without delay ".

Ibrahim pointed out that there was a "faith for a memorandum of understanding between the Iraqi Chamber of Commerce and the Swedish investment as well as the Iraqi joint cooperation agreement with Baghdad Chamber of Commerce to open channels of communication and information exchange and establishment of joint training seminars."

http://66.102.9.104/translate_c?hl=e...eZYoTpLbyyqRzw

Kurdistan looming resort to Federal Court to resolve the dispute with the central government

According to a member of the House of Representatives from the Kurdistan Alliance Abdul Bari Zebari's parliamentary bloc's constitution to resolve the dispute between the central government and Kurdistan region, but it might resort to the Constitutional Court in the event of failure of the parties to address the outstanding issues.

Zebari said in an interview with "Radio Sawa": "Territories have known the authorities under the Constitution, which was adopted by the Kurdistan region, and any disagreement about this is a violation of the constitution, and this gives us the right to the Federal Court, which is the method by which we uphold."

For his part, did not rule out the Kurdistan Alliance MP Khalil Mahmh territorial Government to resort to the Constitutional Court, he added: "occurs between regions and the central government otherwise treated to form committees and the adoption of dialogue, and if it can be difficult to resort to the Constitutional Court."

The five formed joint committees to address the outstanding issues between the central government and Kurdistan region, as a province of Kirkuk and the oil and gas law and financial allocations to guard the territory, as well as the disputed areas.

http://66.102.9.104/translate_c?hl=e...2fjnoKMZryOlkA

Economists stress the importance of strengthening economic partnership between Iraq & the world

Economists stressed the importance of strengthening the partnership information and technology between the Iraqi National Investment Authority and their counterparts in the countries of the world to serve the common interests and lead to the creation of a true economic partnership to accelerate the development paves the country.

Experts in the world and interviews with the Independent Press Agency (Iba) today, Wednesday, said Iraq's interest to develop economic and trade relations and strategic with all States, as there are integration of the economies of the countries. The expectation feet States in the case of a partnership to develop advanced capabilities in various areas for cooperation with Iraq.

Hussein says al / economic researcher at the Center for Research and Economic Studies: We are all aware of the great transformations that took place in the world and get a result of openness and economic expansion, which requires that the Investment Authority is seeking to establish better economic relations and trade between the countries, especially those who are willing to pay companies and experts to Work in Iraq.

The partnership has now become a reality and we have to deal with all the wisdom and knowledge and there is no doubt that the countries of the developed world, such as Japan, Britain, China, Russia played a leading role in the world for a long time, she was able to strike a balance maintained a high degree of stability and many of the world side economic risks. Indicating that most of these countries who wish to work in the Iraqi market in sectors strategy and development, service and infrastructure rehabilitation. He expressed confidence that Hassani they provide the partnership with Iraq and extending the investment expertise and capabilities developed in various fields.

For his part, Dr. Ali attributed the anti member of the Association of Iraqi economists delay in completing the projects developed and advanced in the areas of strategic infrastructure and the weakness of official action with regard to partnership with investment authorities in the countries of the world.

He said in every country in the world of oil wealth are the Ministry of Investment and thus confirm that opened the way for private sector development and a key to economic growth, the situation in Iraq and in La Paz to remain as the only country that still has not seen investment in word and except for the telecommunications sector in which they operate Three companies.

The obstacles to the consolidation of cooperation between Iraq and the countries of the world in the areas of renewable energy, construction and the establishment of a joint Chamber of Commerce and care for the strengthening of the partnership investments. Considering this step and pave required to expedite the development of the country.

Adnan Petra unitary economy professor at the Faculty of Economy and Administration establishing a joint Iraqi Chamber of Commerce with assistance to facilitate the reconstruction of Iraq. She said the nations of the world in Europe, America and Asia experiencing rapid economic revival in construction and investment, and the establishment of chambers of commerce and consolidate the partnership would encourage the perpetuation of communication.

The need for management expertise in the fight against corruption, financial and administrative amounts allocated to projects to stop waste unjustified, and that all possible that the nations of the world tell us who lived through the real experiences of many years. The unitary expect that Iraq will be one of the largest trading partners in the future if there is a lot to the national investment in attracting international investments. Pointing to the need to take advantage of the countries in the Arab world especially in the Gulf area.

It is worth noting that international experiences have proven that strengthening the international partnership between countries and the implementation of joint projects and initiatives, including support sustainable economic development in each country in conditions of the global financial crisis.

http://74.125.93.104/translate_c?hl=...SJ041my0ZI5EbQ