Thread: Archive - Latest News Think Tank - 15/01/09 - 04/05/09

Government announces an agreement with Kuwait Airways on file and in the fields of common

Said government spokesman Ali al-Dabbagh said Iraq reached a settlement with the الکويت on the outstanding issues between the two countries.

Dabbagh stressed that President Talabani and his entourage held on the sidelines of an economic summit in الکويت round of negotiations, and that it had reached a settlement of those files, including the dropping of all claims against Iraqi Airways and the Iraqi government.

Dabbagh added that the talks also yielded an agreement of principle to consider the issue of border oil fields المشترکة, explaining that a technical delegation from the Ministries of Foreign Affairs and the Iraqi oil will visit Kuwait to discuss the details of the matter without setting a date for the visit.

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Originally Posted by Seaview

Government announces an agreement with Kuwait Airways on file and in the fields of common

Said government spokesman Ali al-Dabbagh said Iraq reached a settlement with the الکويت on the outstanding issues between the two countries.

Dabbagh stressed that President Talabani and his entourage held on the sidelines of an economic summit in الکويت round of negotiations, and that it had reached a settlement of those files, including the dropping of all claims against Iraqi Airways and the Iraqi government.

Dabbagh added that the talks also yielded an agreement of principle to consider the issue of border oil fields المشترکة, explaining that a technical delegation from the Ministries of Foreign Affairs and the Iraqi oil will visit Kuwait to discuss the details of the matter without setting a date for the visit.

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Government paid $ 300 million to Kuwait Airways
Government has decided to pay 300 million dollars to the Kuwait Airways as part of a deal to settle the file of the case against Iraqi Airways.

He said government spokesman Ali al-Dabbagh in a special statement that the government decided at its meeting Sunday to approve a final and comprehensive settlement of the case file between the various Iraqi Airways and the state of Iraq and Kuwait Airways in return for 300 million dollars.

Dabbagh said that it will be reported to the Ministries of Justice and Finance for any technical procedures necessary for the payment of the amount.

Dabbagh added that the settlement of the issue will allow for the expansion and development of the work of Iraqi Airways, noting that such a move will contribute to the strengthening of relations between Iraq and Kuwait.

Dabbagh stressed that the Kuwaiti government and the desire to end the closure of the file of debt and compensation, he said, it is bound by the decisions of the Kuwaiti National Assembly in this regard.

The other hand, denied reports that al-Dabbagh noted that the Government has reduced the total amount of the budget for the current year, pointing out some amendments to the budget law for determining the terms of reference of the disbursement of funds, social benefits and financial allocations for the Council of Ministers.

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The staff of financial control to start a training course in London

Provided the United Nations Development Program training opportunities in the field of interpretation for the 14 employees of the financial control in the British capital London.

An official source in the court that this is an update of the training program for 2008.

Revealed on the participation of more than 120 staff members in the sessions out of the country in the areas of office management, accounting and auditing in order to develop the professional and scientific Kablyatem.

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Minister of Finance ...Directed to open accounts in banks,

The Minister of Finance to open personal accounts for the deposit of the salaries of the staff of the Ministry in their accounts as of next month And have this experience at all departments of the Ministry And all ministries and government departments. An official source at the ministry told (the media) that This initiative is to create awareness among the citizens and the bank to take advantage of the services provided by banks through the provision of the amounts received by the employee during the recent increases for the purpose of deposit in the bank, which will be beneficial for the material.

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Originally Posted by Seaview

Financial world conference to be held late this month, banks

A statement of the Ministry, the Finance Minister Bayan Jabr said that his ministry "will be held on 28-29 January 2009 of the banks," with the involvement of the "international banks, researchers and specialists in the field of banking and commercial work in Iraq."

The statement pointed out that it was during the meeting with the Minister of Finance, two managers of the banks, the government adviser and in the presence of the Ministry for the banks to complete the final preparations for the conference.

The minister added in the statement that the conference would be "a demonstration of banking in Iraq for the first time in its history" and that his goal of "keeping pace with the full development by the banks in the world," calling for "benefit from their expertise in this area."

He added: "Workshops will be set up between the banks and government and private banks in addition to the heavy presence of Iraqi private sector and for the fields of the global experiences in the field of investment and the opening credits, which will benefit large," Iraq's economy and will contribute actively in promoting the comprehensive development process in the provinces and the Iraqi ministries. "

The minister said, according to the statement of the importance of "the modernization of the banking industry and create the appropriate atmosphere for the opening of banks and the global sustainable development as the end and the means in Iraq and an effective engine for all sectors," and praised the "monetary policy in Iraq, which contributed to the Iraqi economy to avoid financial shocks by the world by the crisis global financial. "

Zubeidi also called banks to "engage with the banks to give effect to the Iraqi civil participation in supporting the reconstruction process and the advancement of Iraq after the ongoing improvement in the security situation," he said.

He stressed the importance of "a study of the Convention on the integration of some banks to strengthen its financial position in order to raise the ceiling on the amounts to be the opening credits of government." He pointed to the importance that "the credit policies of the banks towards the support of activity in accordance with the legal private banks and the central bank."

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Iraqi banks is considering strengthening its external relations

President of the Association of Iraqi banks for Fouad al Association has prepared a paper for the conference held by the Ministry of Finance in Baghdad the day after tomorrow to discuss the banking sector in the affairs of Iraq and its relations with Arab and foreign banks and the challenges faced by the means of development. Hassani said that the conference attended by leaders of Arab and foreign banking, is an opportunity for the Iraqi banks to launch workshops to strengthen the national banking experience and increasing their participation in the process of comprehensive development. He pointed out that more than 30 private banks in addition to the general banking sector, you'll find in the conference is an opportunity to activate its relations with Arab and foreign banks, particularly those participating in the Conference, probably the signing of agreements for the transfer of expertise to the Iraqi banking industry seeking to modernization and growth.

To that, he was transferred to a press statement from the Iraqi Ministry of Finance Minister Bayan Jabr described the evolution of the public banks shift quality, and welcomed the forthcoming Borschette work of the Conference of the World Bank and the Iraqi banking sector, saying it would strengthen the Iraqi banks for the global experiences in the field of investment and the opening credits .

The minister stressed the need for sustainable development as a very effective means and an engine of all economic sectors. The ****utive Chairman said the company's Iraqi bank guarantees that the 12 Iraqi private banks participated in the drafting of the working paper for the conference, which stressed the importance of supporting the financial position of the sector and strengthen its capabilities in meeting the requirements of the investment.

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Demand for the dollar up in CBI’s Mon auction

Demand for the dollar was higher in the Central Bank of Iraq’s (CBI) auction on Monday, registering at $162.92 million, compared to $131.9 million in the previous session.

“The demand hit $33.855 million in cash, covered by the bank at an exchange rate of 1,176 Iraqi dinars, and $129.065 million in foreign transfers outside the country covered by the bank at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

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

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

http://en.aswataliraq.info/?p=106996

4 projects to push up production in Baghdad oil refinery

Oil Minister Hussein al-Shahrestani on Monday inaugurated four giant projects in Baghdad’s al-Doura oil refinery at a cost of over $67 million U.S. dollars.

“The projects have been completed in a record period of 18 months in order to meet the increasing local demands for oil derivatives,” an official spokesperson for the ministry, Aasem Jihad, told Aswat al-Iraq news agency.

The projects will increase the refinery’s gas production from 2.5 million liter per day to 3 million, Jihad explained.

A new refinery unit with a capacity of 70,000 barrel per day (bpd) will be installed within the current year, he added.

http://en.aswataliraq.info/?p=107003

Barzani warns of restoring Iraq dictatorship

Kurdistan leader Massoud Barazani accused some parties without naming them of wanting to restore dictatorship in Iraq through control of the army and police. Barazani evoked the role of Kurds in the political process.

“If amendments to the constitution are aimed at improving things, then there's no problem. But we will never accept them if the aim is to place restrictions on Kurdish interests”, he said.

As for relations between Baghdad and Kurdistan regional government, Barazani affirmed that he is waiting for the outcome of committees formed to define the partnership with Baghdad. He added that he will not accept to overlook Kurds’ rights as they are essential partners of the federal government.

http://www.alsumaria.tv/en/Iraq-News...tatorship.html

Parliament: Lack of uniformity of oil contracts to reverse the cause of public funds

A member of the Committee called for the oil and gas in the Parliament Abdul Hadi Hassani, on Monday, the consolidation of oil contracts entered into by the Federal Government and the Kurdistan Regional Government, returned to reverse the cause of non-consolidation of public funds.

The deputy said the captain of the United Iraqi Alliance, the largest parliamentary bloc holds 83 seats out of 275 total seats in the Parliament, told Voices of Iraq (VOI) that "the lack of coordination in the oil contracts signed between the Federal Government and the Government of the Territory will give an opportunity for international companies to impose significant advantages," he said, that the oil contracts signed by the Territory with a number of international companies "that will lead to waste of public money and damage to Iraq, in economic terms," according to belief.

The federal government announced its rejection of the oil contracts signed by the Kurdistan Regional Government of Iraq with international companies, owing to a lack of knowledge of the way, which was signed on such contracts.

He added that al-Hassani, a number of members of the House of Representatives "demanded Badrj oil and gas law to the Council's agenda for a first reading and to identify the items," virtually ruling out that "to be ratified by the legislature in this chapter."

The cabinet was approved unanimously in early February of 2007 the oil and gas law, but the Kurdistan Alliance objected to the law after the State Consultative Council, amendments to certain paragraphs, which was deemed unconstitutional, the Kurdistan Alliance, was also contain clauses allowing the law the territory of the provinces and the province of the signing of non-oil investment contracts without reference to the center, the refusal of other political blocs in parliament, which saw it as a step to divide Iraq.

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Shahristani: Iraq self-sufficient in oil products, the end of 2009

Iraq's Oil Minister Hussain al-Shahristani said on Monday that Iraq's oil exports will increase to two million barrels per day this year and improve its refining capacity to achieve self-sufficiency in petroleum products to the end of the year. He said al-Shahristani told reporters that the government promised in the 2009 budget to raise the daily production of crude oil and increased exports to the two million barrels per day on average, which means an increase of 150 thousand barrels per day compared to last year

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