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

White House describes the latest text of the Convention is good security

Said a spokesman for the National Security Council at the White House, Gordon Johndroe, said the final version of Forces Agreement, the U.S. presented to the Iraqi government deliver a good agreement and support of the United States is also entitled to support the Iraqi government.

Adding that the United States looks forward to end the Iraqi political process on the approval of the agreement formally approved the mechanism provided for by the constitution.

In the same vein sign national security adviser Mowaffak al-Rubaie, to recognize his government's plan on Sunday the withdrawal of U.S. troops before the end of the year two thousand and one tenth.

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Presidential Council discuss proposed amendments to the Convention on troop withdrawal

Presided over by His Excellency President Jalal Talabani at the Peace Palace in Baghdad, today, Saturday, 15-11-2008, a meeting of the Council of the presence of the Vice-Chair, President Dr. Adel Abdel Mahdi and Tariq al-Hashemi professor.

And during the meeting, discuss the withdrawal of troops to be signed between Iraq and the United States and access to all the amendments proposed by the Iraqi side and the additional amendments made by the U.S. administration.

As the meeting had discussed the issue of activating many of the constitutional functions of the Presidency and the relationship between the presidency and both houses of Ministers. As was also the follow-up five committees resolutions, which recently formed to follow up the file of political, economic and security and external relations, and look at the results achieved by those committees.

He and Vice President Adel Abdul-Mahdi, told a news briefing after the meeting, said the Presidency during the meeting dealt with consideration of amendments to the Convention on the withdrawal of troops, stressing that the discussions that took place between members of the Presidency was mature, putting Iraq's sovereignty and independence First, and then selecting the best options to ensure that preserve the gains achieved on the security and political stability, adding that it would be "in cooperation with Mr. Prime Minister and Cabinet and the parliamentary blocs in addition to public opinion."

In the same vein, the Vice-President Mr. Tariq al-Hashemi, told a news briefing after the meeting that "the Presidency Council discussed the security agreement, and as we have heard that the U.S. administration made further adjustments in response to the Council of Ministers and pending evaluation of the prime minister on amendments and final position For the Convention."

He also noted His Excellency Vice-Hashimi added that there were other matters discussed during the meeting, including "respect for activating many of the constitutional functions of the Presidency and the Presidency Council's relationship with the Council of Ministers." He also stressed that the Presidential Council also discussed the "resolutions of the five committees formed in various areas to follow up the file and the file of political and economic security and external relations and the disputed areas" and said he had been a dialogue on the results achieved by the commissions, he said, adding that "it was agreed A number of measures to be taken in the near future."

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Parliament: Iraq needs to calls for peaceful dialogue and not violence to get the American forces

Deputy with the Accordance Front, al-Hashem that "Iraq needs now calls for peaceful dialogue and not to use violence to remove U.S. troops from Iraqi territory."

The cleric Moqtada al-Sadr called in a statement, Friday, to "The departure of U.S. troops from Iraq without a security agreement," and threatened that he "would resort to" push by the resistance. "

Tai said in an interview with "Uzmatik" today, Saturday, that "the invitation cleric Moqtada al-Sadr's return to armed action against the American forces in Iraq might be acceptable in the absence of response the new administration in the White House for the demands of the Iraqi withdrawal"

Tai said that "U.S. troops would remain in Iraq long after the election of Democratic candidate Obama as the new Park of the United States and economic crisis in America, which is the American presence in Iraq one of the reasons."

The lawmaker with the Accordance Front, "the political opposition to the American presence in Iraq to await the outcome of the negotiations on the rescheduling of the Iraqi-American U.S. withdrawal from Iraq before contemplating a return to armed action again."

He Tai and a "positive trend in the Iraqi and American sides to end the presence of U.S. forces in Iraq, peacefully and through the schedule to be agreed by the two sides."

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Iraqi officials meet with a team in transition Obama in Chicago

The Iraqi envoy at the United Nations Hamid al-Bayati believed that Iraq would retain allied himself with the United States when the president-elect Barack Obama to the presidency.

Al-Bayati said in an interview with the Boston Globe that the team met with Iraqi officials in the transitional Obama of Chicago, who said that President Obama listen to the views of political experts and Iraqi and U.S. military after assuming the presidential office in order to assess the situation in Iraq to take several important decisions, particularly with regard to the withdrawal of troops U.S..

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Dabbagh: the Council of Ministers approved two agreements with the United States of America

Said government spokesman Ali al-Dabbagh that the Cabinet had approved at a special meeting today, attended by 28 members unanimously by the members except one on the agreement between Iraq and the United States to withdraw U.S. troops from Iraq and organization of activities during the temporary presence in Iraq.

Dabbagh stressed that the Cabinet had also agreed on the draft framework agreement between the two countries and establishing the principles of cooperation and friendship in the political, diplomatic, cultural, health and environmental cooperation in the fields of economy, energy and Information technologies, telecommunications, law enforcement and the judiciary.

Dabbagh said that the Cabinet had authorized the Foreign Minister the power to sign the conventions.

Dabbagh said that the draft conventions will be transferred to the Iraqi Council of Representatives for approval.

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Zebari: 28 of forty members of government, voted for final draft of agreement, with one abstention

Iraq's cabinet approved Sunday morning the security agreement between Iraq and the United States after the two sides to reach a final version after long rounds of negotiations.

The Convention would allow the current version of the U.S. troops stay in Iraq for three more years. He said Iraqi Foreign Minister Hoshyar Zebari that the Convention will now be sent to parliament for final ratification of it.

The Iraqi foreign minister, Hoshyar Zebari, said 28 members of the government session, voted for the final draft of the agreement, with one abstention.

The Iraqi foreign minister, Hoshyar Zebari, said that the proposed amendments to the agreement include setting a specific timetable for the withdrawal of U.S. troops from his country, and to determine the specific locations of the U.S. military uses, as well as the Iraqi judicial authority on the U.S. forces committed specific crimes within the territory of Iraq.

Said Hoshyar Zebari, the Iraqi foreign minister, told Reuters that the government now hopes to pass Parliament before the end of November November is the final step before it becomes effective.

The draft agreement calls on U.S. forces to withdraw from the streets of towns and villages of Iraq by the middle of next year and leave the country by the end of 2011. There was no prior approval of the draft last month after Baghdad demanded changes in the last minute.

Zebari said that there was a satisfactory compromise for the Iraqi side, adding that there was an agreement now untenable, adding that it would publish and distribute all neighboring countries will receive a copy of which was. The presidential council, which includes President Jalal Talabani and two vice presidents, Tariq al-Hashimi and Adel Abdul Mahdi, held a meeting earlier cabinet meeting was to discuss the Convention and the modifications that were recently accepted by the United States made at the request of the Iraqi side.

It also sent Prime Minister Nuri al-Maliki's Shiite coalition MPs on the common Khaled al-Attiya and Ali Adeeb, to Najaf to meet with Shiite cleric Ayatollah Ali Al-Sistani to brief him on the text of the Convention and take its approval before being submitted to a vote in the Cabinet. After meeting with MPs Al-Sistani said a senior official in Sistani's office said that the latter two of the latest version of the Convention is "the best possible options" for Iraq and that he would not object to it if approved by the Council of Ministers and the Council of Representatives ratified.

For his part, told Al-Sistani said that the writer to reach a national consensus on the agreement and he expressed satisfaction with the Iraqi officials keen to "guarantee the national interests of Iraq." Attiyah said at a news conference in Najaf after meeting with Sistani that Washington had agreed to introduce amendments to the text of the Convention at the request of Iraq, one for the withdrawal of U.S. forces from Iraqi cities, the end of July next, but declined to give details of the Second Amendment . The reference Ayatollah Ali Sistani, the official website last week "without prejudice to any position on the sovereignty of Iraq if the lowest level, I I will for that."

An official close to Maliki and members of the Council of Ministers chose not to reveal their identity, told the Associated Press that Iraq and the United States have reached agreement on the final version of the Convention governing the presence of U.S. troops in Iraq during the next three years after the end of its mandate by the Security Council End of the year.

The official said that there is a great opportunity to ratify the agreement in the cabinet, which includes 37 ministers Sunday, two-thirds majority needed

It is expected to be approved in the House of Representatives Convention in the event of approval by the Council of Ministers, where has the political forces participating in the Iraqi government a majority in the Council of Representatives out of 275.

"Good Text"

In Washington, described the spokesman for the National Security Council in the United States, Gordon Johndroe, the final text of the Convention that serves the interests of the two allies. "We see the text of the Convention and serve well the interests of both countries and we hope to be approved by the Convention Iraqi side."

Also reached the United Iraqi Alliance bloc of parliamentary majority and the Kurdish Alliance's second largest political blocs in parliament Saturday an agreement which will vote in favor of the Convention.
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Shabibi warns Iraq sliding to a serious recession

Warned the Iraqi Central Bank Governor Sinan al-Shabibi that the growth of the Iraqi economy is slowing already because of the sharp decline in oil prices tumbled to less than half, pointing out that the effects of slowing global growth and the sharp decline in oil prices threaten to plunge Iraq into recession more than concerns about rising inflation In the Iraqi economy.

Shabibi said, speaking on the sidelines of an investment conference in Baghdad: the central bank will take into account the slower growth in determining interest rates.

"We believe that there was stagnated and a slowdown in global demand for oil in Iraq is affecting too much. Where there would be a decline in economic activity."

He said that this will probably ease monetary policy in the medium term.

We will have to change monetary policy accordingly to support the real economy. Indicating that inflation remains a concern but frightening the main source of concern for us is to combat the recession.

Shabibi He made the remarks recently that the central bank cut interest rates by one percentage point to 15 per cent.

He said: such a move became possible due to the drop in inflation, which passed the 60 per cent in 2006 to about 13 Almaiphalia.

In September the International Monetary Fund forecast that Iraq recorded a growth rate of 9 per cent in 2008. But the picture appears to be a darker world economy, such goals can be difficult to achieve. The officials also sought to expand non-oil economy of Iraq, which is expected to grow by only 3.5 per cent this year.

The decline in oil prices push the government to reduce the proposed budget for 2009 of 80 billion dollars to 67 billion dollars. said: that the central bank would consider further cuts to interest rates in the wake of the current cut. He added that further cuts might not be necessary because liquidity is adequate.

He went on: "Despite the fact that higher interest rates, the lending rates even when more than 16 per cent.

The absence of a credit crisis at the local level

In the face of fears that global oil prices decline and what can Tzbbh of disruption seemed visible through the possibility of reducing the proportion of the financial budget for next year and caused the creation of a possible economic recession, and could be accompanied by imbalances in the form of physical and economic map, which seeks to accomplish by Iraq Appropriate financial allocations, it seemed to resound in the vote need to discuss Iraq's other resources to allow him to maximize the financial and imports, and not to rely mainly on the sale of oil derivatives.

The economic expert said Mehdi Hafedh, expanded at a symposium held in Baghdad recently that the Iraqi situation was a typical case of the existing imbalance between developing country and looking to build a new life and inadequate prescriptions for achieving this end, adding that the Iraqi economy yield economy depends mainly on industry revenues Extractive oil during the crucial role played by the state and its economic and financial, explaining the possibility of the continued suffering of the Iraqi economy due to structural imbalances experienced by

Hafiz said that the failure to accommodate the special situation of the Iraqi economy has been and remains a cause of financial mismanagement and economic spread to the country, and many of the most prominent in the fields of widespread corruption and growing unemployment, poor services and waste of state resources and under-investment and the continuing deficiencies in the ****utive power of the State ..

He stressed that in order to avoid shocks and external economic and financial consequences, including the current financial crisis between Hafiz interest of national development requires the adoption of a balanced economic vision and avoid arrogance on the ground and adopt curricula development of a deliberate and comprehensive national ..

In the view of economists that the future of Iraq will lose more revenue if the physical world economic crisis and oil prices stayed back,, which makes it imperative for the Iraqi government work seriously and to find other financial outlets and not to rely entirely on oil revenues, pointing to the possibility that contribute to the agricultural sector And industrial Brphi Iraq with more money in the event of activation of these sectors .. The economists to activate those sectors represented another positive returns from the elimination of unemployment and to the progress of the market ..

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Attiyah announced the security agreement to parliament on Monday

Said First Deputy Speaker of the Iraqi parliament, Sheikh Khaled al-Attiya that "the presidency of the Iraqi parliament decided to present the agreement with Washington security to parliament on Monday to vote on first reading."

The Iraqi government spokesman Ali al-Dabbagh said, earlier on Sunday, on "the consent of the Iraqi government in a special session today on a draft Security Agreement Washington called" Convention on the withdrawal of troops. "

Attiyah said at a news conference on Sunday at the Conference Palace and attended by "Uzmatik" that "the presidency of Iraq's parliament also decided to cancel all leave Iraqi lawmakers, including holidays on the performance of Hajj for the purpose of studying the security and the Convention vote this week."

Attiyah said that "the Iraqi parliament will read a Security Agreement with Washington a first reading on Monday, and then a second reading after two days and then given the opportunity for all blocks until the end of the week for a vote in the regular session of parliament."

And the First Deputy Speaker of the Iraqi parliament that "the Convention adopted at the Iraqi parliament like any other law, the absence of the adoption of a special law conventions as stipulated in the Iraqi constitution," pointing to "a positive atmosphere between the political blocs to vote on a Security Agreement with Washington, especially in its current form Most of the major blocs in parliament is the representative of the Iraqi government. "

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Oil due to the $ 200 barrier and the wealth of Iraq wait

cnn ... The International Energy Agency forecast that the price of a barrel of oil could reach up to $ 200 in 2030, likely to be most potential oil at that time had been confined to the hands of the Organization of Petroleum Exporting Countries "OPEC", with the start of the depletion of most of the fields Located outside the States. However, some warned that the continued decline in oil prices will be spent producing enough to increase production

Him, which reflected a lack of energy, compared to the expected increasing global growth, leading to a question on the stock and real possibilities of oil to some countries, notably Iraq and the oil-rich city of Kirkuk.

Kirkuk is known to be in flames land for thousands of years, the phenomenon was're ancient civilizations, which in reality due to natural gas from the Earth's rushing through cracks in the surface layers, and these reasons housing Arabs and Kurds, who are fighting today on identity.

In this regard, "Sheikh Obeidi Manna, director of NOC:" Iraq did not fully explore oil reserves, and the priority for us today is to maintain current production levels. " Obeidi likely that Kirkuk containing 40 per cent of Iraq's known reserves, estimated at approximately 115 billion barrels, making Iraq the fourth largest arsenal in the world, according to a study took place four decades ago, says the Iraqi Oil Ministry that the stock may be true that times.

Three years ago production ceased entirely because of the attacks, before re-building pumping stations, which expired in August, but production remains at about 500 thousand barrels per day. But Obeidi said that the rehabilitation of those stations could raise production to 700 thousand barrels per day, however, pointed out that the development of new fields could raise the region to produce 2.5 million barrels a day.

And to develop new oil fields, Iraq needs the support of large international companies, although China signed a contract to work in the field of small north, the major companies continue to distance itself from the investment in the country. Obeidi said: "Despite the improvement in the security situation, continue to (those companies) hesitant," This may be logical, since the United States deployed its troops in Iraq describe the security developments as fragile and reversible. "

The International Atomic Energy Agency had forecast in a report this week, achieving the price of a barrel of oil in 2030 to $ 200 barrier, with the decline of stocks and expected to rise on global demand, which could mean an increase in the influence of the "OPEC."

The agency warned that the continued decline in prices will encourage producers to increase funds allocated for exploration and production, which means that the required quantities may not be present when the world needs, especially since stocks of non-OPEC countries back the rate of six per cent per annum.

The Richard Jones, ****utive Vice President of Energy Agency to "the Middle East CNN", saying: "There is still a margin of profit for oil prices, which means that production will continue in some fields, which Stajaf eventually dry out, however, will not return There are fields other than those working in the OPEC countries. "

OPEC has a 78 per cent of the newly discovered oil reserves in the world, the equivalent of nearly trillion barrels, a figure likely to rise with Iraq to recover its full capacity, that is the world's need for oil will be produced by the organization.

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Central will auction a large drop the demand for the dollar

The demand for the purchase of Atarvi first session of the Central Bank auction for the sale and purchase of foreign currencies, Sunday, larger problem of demand exceeding 68 million dollars, compared with more than 134 million dollars and 70 thousand dollars was sold in the previous session.

The bulletin issued by the Central Bank that "the total volume of demand for the dollar reached 68 million and 835 thousand dollars arrived in basis at 1175 dinars per dollar", indicating that demand, "distributed by 49 million and 85 thousand dollars in cash, covered the bank exchange rate of 1,181 dinars To the dollar, including the central bank and a commission of six dinars per dollar. "

It added that "the value of remittances outside the country of 19 million and 750 thousand dollars covered the bank exchange rate of 1,178 dinars to the dollar, including the central bank and a commission of three dinars per dollar. With did not make any of the 10 banks participating in the auction, offers to sell the dollar. "

The central bank held five meetings a week for the sale and purchase of foreign currency.

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