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

For the first time in Iraq .. Retirees received their salaries through the smart card

Iraq began to sink and rational, on Sunday, regardless of the salaries of retirees through the smart card for the first time in Iraq.

The director of the Bank of Iraq, Abdul-Hussein al-Yasiri in an interview with "Uzmatik", "The banks of the sub-Rafidain and Rashid, today launched the distribution of pensions through the smart card 52 A retired Rafidain banks and 50 banks A retired, good in ten branches spread over both sides of Karkh and Rasafa in Baghdad."

Yasiri said that "banks Rafidain smart card has to work in five sections, including banks, nursery and paradise, in part, banks Rusafa areas Kadhimiya neighborhood in the Mansour Group and the side of Karkh," he said, adding, "Bank of Iraq to seek the introduction of automation in each fund so that the banks, to receive retired his pension from the bank near his home."

Yasiri pointed out that "The purpose of the issuance of the smart card is to facilitate the receipt of retired pay, without standing in long queues."

The director of the Bank of Iraq Abdul-Hussein al-Yasiri said in an interview with Al "Uzmatik", that the smart card system, the pilot began in August of last year, 2008, and was limited to a group of retirees enrolled in the social protection network.

On the other hand, some retirees who came to the Bank of paradise for the receipt of pay through the smart card from their resentment of the routine, and after these banks from their homes.

He retired Abdul Razak Abdul-Hussein, in an interview with "Uzmatik" that "despite the fact that the smart card is good, but we find it difficult to receive Ratbna through the smart card, we are the elderly and the sick, after the bank made us tired from our long distances to get to the bank "He asked the Minister of Finance" to facilitate the procedures for pension easily, and the receipt of salary from the bank near the house, retired. "

The Rafidain Bank, set up under Law No. (33) for the year 1941, and paid-up capital of 50 thousand dinars, the first national bank banking business is among many foreign banks. The number of bank branches are currently 147 branches within the country in addition to eight branches abroad, broken down in Cairo, Beirut, Abu Dhabi, Bahrain, Yemen, Oman, Jebel Amman and Aqaba.

http://66.102.1.101/translate_c?hl=e...UvtrD7XvtPHagw

There are a number of observations on the investment law

View from the private sector participants in an investment seminar held on Saturday, a number of observations, which stand in the way of investors during the application of the law of investment, said an adviser to the body it is fully prepared to discuss seriously the observations and that it will amend the law after submission to the specialists.

The full member of the investment Ibrahim Salah al-Din told Voices of Iraq (VOI) said that one of his remarks on the investment law "relating to Article 11, which did not address the fate of the project after the expiration of the lease or Almsatahp" In addition, he "did not clarify the fate of the remaining facilities and the return of ownership ".

Paragraph 11 of the Investment Law shall be entitled to an investor to rent the land necessary for the Almsatahp or where the project is based on the duration of not more than 50 years, subject to renewal.

Consistent member of the investment Najaf spokesman with the blessing of Abraham, says that the law "did not provide for penalties for the investor if the project were referred to the achievement of" by "the imposition of fines or the development of certain conditions and the lack of implementation is left only with his hand."

Ahmed Attia Sobeih professor of Economics at the University of Wasit believes that the investment law "so as to encourage the development of non-Iraqi investor is well known that the Iraqi economy to the lack of investments", saying that the law "has forgotten the rights of the Iraqi investor, as the foreign investor will come to Iraq, but his hand and ensure that profit"

He objected in his Attia told (Voices of Iraq) to "exempt foreign investors from tax for ten years," adding that "the exemption would not get very long on Iraq because of the positives of this investment."

The Director of the Bank of Assyria, he said that "the Commission must meet the Iraqi banking sector to take his views on the important issue of investment are the loans," adding that "businessmen do not work only with their money but most of the head of investor's money came from loans taken from banks."

He added that the investment law "stipulates that the companies have the right to be leased for a period of fifty years, subject to renewal, which make the most of the investment companies are reluctant to enter what is the determination after the end of the decade," he said, "to the banking companies that have entered Iraq were traded in the Iraqi market for securities that have not been allowed to set up the headquarters, which has kept these banks in a dilemma of hurry. "

The Director of the Bank to the law, "the text of the possibility of insurance through the company's national or a foreign company," The question that presents itself, according to the director, "Is that the national insurance company able to secure projects worth billions of dollars?".

Economic Adviser to the Prime Minister Abdel Hussein Al-Anbuge said in his statement to the Agency (Voices of Iraq) that "the investor was an Iraqi or a foreigner would not care about all the advantages of the investment law as important as cost and profit calculations," adding that "what is controlled by the action on the ground and not legislation. "

He added that he "must work to reduce the cost of investment and production through the provision of infrastructure used by the investor, such as roads, energy and labor because it is the responsibility of the State, not the investor," as to be a "reduction of administrative red tape and corruption, which force investors to pay bribes for handling of his business if we were able to mitigate these costs Fstadti investment to Iraq. "

In turn, Abdullah said Bandar, the National Advisor of the Investment held "working to promote investment and transfer of technology and operation of labor and employment," in addition to "enhance the competitiveness of Iraqi private sector production and enhancing its competitiveness and provide the climate necessary to promote confidence."

He noted that the board "are fully prepared to take the observations of the private sector on the obstacles that stand in front of their income to invest strongly in their own country" and that it will "amend the law after submission to the specialists," adding that "in any country there is no law is free from defects which do not show But while the direct application. "

http://translate.google.co.uk/transl...hl=en&ie=UTF-8

The opening of a branch of the Iraqi-British Chamber of Commerce in Fallujah

Opened in the city of Falluja, Anbar province, a branch of the Iraqi-British Chamber of Commerce to provide facilities and advice to businessmen and investors.

The Director of the room Sami patchwork room facilities will be provided to foreign investors and the Iraqis for the implementation of investment projects in the province of Anbar.

He said there was great cooperation with some American and Japanese organizations for the advancement of the physical and economic reality in the province and the great support of Iraqi businessmen to expand the projects in Anbar.

http://translate.google.com/translat...kieSupport%3D1

Oil Minister: administrative and financial systems that enable companies to increase oil production

Held in the capital Baghdad, a seminar on the development and the reality of the oil industry in the country and the presence of Oil Minister Hussain al-Shahristani.

Shahristani said in an interview with Radio Dijla that dialogue should be aimed at providing mechanisms and systems, financial and administrative powers to enable the oil companies to contribute to an increase in production and export of oil.

http://74.125.77.101/translate_c?hl=...zMR0RWJnlPPZyg

Financial budget is complementary if the price of a barrel of oil exceeded $ 50

The Director of the Office of the Minister of Finance Mohammad al-Hariri said Iraq affected by a decline in oil prices, which reduced the current year budget.

Hariri said in a press release Monday that the ministry will prepare a supplementary budget before the end of this year if oil prices rise above $ 50 a barrel.

He added that the supplementary budget will ensure the implementation of important projects listed in the current year's projects were not implemented because of the lack of adequate PROFILE.

He noted that the current year's budget sought to reduce its dependence on the export of oil resources by 15 percent by adopting a revenue obtained from taxes and religious tourism and the agricultural sector as well as to reduce spending and investment promotion.

http://74.125.77.101/translate_c?hl=...vhE-zeTufg4LCA

Central to the rise in sales of 150 million dollars in the canteen

the U.S. dollar sales of the Central Bank in an auction for the sale and purchase of foreign currencies, on Monday, to 150 million and 535 thousand dollars compared to the previous meeting and a stable exchange rate was 1170 dinars per dollar.

The bulletin issued by the Central Bank and the Agency has received (Voices of Iraq) a copy of which was that "the total volume of demand for the dollar stood at 150 million and 535 thousand dollars, a stable exchange rate was 1170 dinars per dollar."

The figure is up from the previous meeting, which recorded a total volume of demand for the dollar stood at 114 million and 490 thousand dollars at the exchange rate was 1170 dinars per dollar.

The Bulletin that "the demand for the dollar is distributed by 36 million and 505 thousand dollars in cash, covered by the bank at the exchange rate was 1176 dinars per dollar, including the central bank and a commission of six dinars per dollar."

According to the bulletin, "the value of remittances outside the country reached 114 million and 30 thousand dollars, covered the central exchange rate was 1173 dinars, including the central bank and a commission of three dinars per dollar," did not make any of the 12 banks participating in the auction, offers to sell the dollar.

http://translate.google.co.uk/transl...hl=en&ie=UTF-8

Obama studies US pullout options from Iraq

It seems that the joint chief of Staff’s timeline of US Forces withdrawal from Iraq differs from the political agenda of US President Barack Obama which approves a slower withdrawal from the country.

US military commanders have drawn up three options to withdraw US combat troops from Iraq, with senior commanders favoring the slowest of the three.

The timelines under discussion are 16 months, proposed by Obama as a centerpiece of his presidential campaign, 19 months and 23 months.
A US defense official said top US Commander in Iraq General Raymond Odierno and head of US Central Command and David Petraeus, approved the 23-month option.

“Odierno and Petraeus have said that we really need 23 months to do this without jeopardizing the security gains that we've secured,” the official said, adding that they did not believe the options had been presented to Obama yet.

A senior White House official played down any differences between the president and military commanders.

“Fact is that they are coming to a meeting of the minds on troops and on the need for a diplomatic and political strategy to end the war in Iraq and ease the strain on the troops and their families,” the official added.

Even when US Forces withdraw from Iraq, Obama has said a residual force would remain to train Iraqi security personnel, protect U.S. diplomats and conduct counterterrorism missions.

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

Financial budget is complementary if the price of a barrel of oil exceeded $50

The Director of the Office of the Minister of Finance Mohammad al-Hariri said Iraq affected by a decline in oil prices, which reduced the current year budget.

Hariri said in a press release Monday that the ministry will prepare a supplementary budget before the end of this year if oil prices rise above $ 50 a barrel.

He added that the supplementary budget will ensure the implementation of important projects listed in the current year's projects were not implemented because of the lack of adequate profile.

He noted that the current year's budget sought to reduce its dependence on the export of oil resources by 15 percent by adopting a revenue obtained from taxes and religious tourism and the agricultural sector as well as to reduce spending and investment promotion.

http://translate.google.com/translat...adiodijla.com/

Economic trends and the private sector

Often hesitate between the industrialists and businessmen, the role of the private sector has been very privileged to nationalization in 1964, but after this stage, the sector has witnessed a significant deterioration, while the historical review that might give us the idea or show us a picture of neglect suffered by or improved performance experienced, but we are not in the scope of this review, as many of us can review a number of plants or industries, which has characterized the private sector, both prior to the date mentioned, or beyond, such as foodstuff, plastic, leather, textile, electrical and other, which can not be dispensed with to meet the demand in the local market, often foreign, too, has been particularly characterized by high competitive abilities.

In any event, we all acknowledge that the sector did not take the real chance to show its role in the economy as an active partner of the public sector, under the philosophy of state based on central planning and the dominance of the public sector on the overall economic activity, and the day after the change of these trends from a planned economy to market economy, and formally adopted, the new orientation based on the private sector, while not neglecting the role of the State which should be organized for economic activity through three frameworks, as we believe the President is the legal framework, which is the laws and legislation, which is the institutional framework of institutions and economic bodies such as the General Authority for Investment and Consumer Protection Board, which is procedural and operational actions taken by the State Tenders and pragmatic about the abuses and violations of legal and others.

The call to activate the role of the private sector imposes itself in a range of variables, which change the same economic trends, a document of good intent signed between Iraq and the International Monetary Fund, is responsible for joining the World Trade Organization, which requires discriminate the competitive advantage of domestic production, and international organizations are governed grip on the overall global economy, including trade, investment, services and intellectual property rights, as well as many international and regional variables.

To this it is very logical interpretation of these guidelines into practice, this fact imposes begin to lay the foundations for mutual trust between the public and private sectors, and provide an opportunity for the private sector to prove its existence and to express himself in accordance with market mechanisms based on supply and demand and economic competition, not monopoly, in the sense Another of the governor to let the market and the functional roles of commodity production and community services, and it will have the capacity to produce a quality, moderate prices and real demand of the market, and support mechanisms may be through soft loans, and institutional support, privileges and facilities provided by the laws governing economic activity, and these mechanisms important but not as important as the opportunity should be given to this sector, and the initiative should be undertaken by the private sector, let us give only legitimate opportunities, and recognize the value of Tgurena in the light of new realities.

http://translate.google.co.uk/transl...hl=en&ie=UTF-8

Iraqi parliament to postpone the meeting to Wednesday of next week

Member of the Iraqi Council of Representatives of the Sadrist bloc Noseir Issawi from the postponement of the parliamentary session devoted to the selection of a new president to the parliament on Wednesday, next week.

He explained in an interview with Al-Issawi, "Uzmatik," on Monday, that "the Presidency of the Iraqi parliament decided to postpone the parliamentary session to elect a new president is to be held on Wednesday, next week to give enough time to find a consensus between the political blocs to put an end to this matter."

Issawi, said that "a deal between the political blocs, including the selection of a new speaker in a meeting on Wednesday, next week, after the adoption of the general budget of the State of Iraq in 2009."

Issawi, predicted "the political blocs to reach a consensus in the coming days to choose a new president of Iraq's parliament by a majority of parliamentary blocs."

The Alliance bloc MP Hassan Al Sunaid announced for "Uzmatik", earlier in the day, on the number of political blocs to submit a request to the Presidency of the Iraqi parliament to postpone the parliamentary sessions on the Tuesday of next week, until they reached a consensus on the selection of the President a new Council of Representatives.

The five political blocs withdrew from the Iraqi parliament sat, on Sunday, because of the Islamic rejection of the party's candidate for the office of Iyad al-Samarrai, head of the parliament, the Sadrists and the Dawa party of virtue and the organization of Iraq and the Dawa Party led by Prime Minister Nuri al-Maliki as well as the independent Arab bloc.

Accused in the Iraqi Accordance Front who withdrew from the meeting of Parliament, it is trying to undermine the political process in Iraq, said it was considering the option of dissolving the House of Representatives of the Presidency of the final, which the option Hatrthm when a member of the Alliance Shatha al-Musawi, called a news conference held on on Sunday to resolve the Iraqi parliament.

http://74.125.77.101/translate_c?hl=...a08QtAt26ktRsA