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

Addressing the matter of legal obstacles to the success of the role of the private sector to invest

The circles in the economic sphere should be no active role for the private sector in the process of construction and reconstruction of infrastructure and re-deactivated ..

As the economists say the economic problems of the local processors can be achieved away from the private sector and investments of different types and levels, especially as the investment law provides for the advancement of the economy through these investments.

Dr. Thamir Ghadhban The Chairman of the Investment Authority said in a newspaper interview on the importance of addressing the legal obstacles to the private sector to play a role in moving the Iraqi economy.

To activate the role of the private sector as the basic foundation for the success of investments in Iraq, taking advantage of other benefits offered by the investment law, which calls for activating the role of the private sector to build and open the country to a market economy and the transfer of expertise, knowledge and technology to Iraq ..

Issued at the time of the National Authority for investment recommendations for activating the partnership between the national and local bodies for investment and private sector, which is the foundation of the investment process in the country. Requiring the private sector to attract domestic and foreign investment for projects in all governorates of Iraq, which would require extensive investment to promote .. The practical application of any law worthy of disclosure of quibbles and disadvantages that they require the movement of players to solve the impediments to the private sector to ensure its participation as a strategic investment and some from seeking to revive the role of the private sector to invest in a large ..Provided at the time of the National Authority for investment recommendations, inter alia stressed the efficiency of the single window in the National Authority for Investment and investment bodies in the provinces. And taking into consideration the observations made by the gentlemen representatives of the private sector when the amendment to the law of investment. Adavpaly specialized symposia in order to come up with results and recommendations contribute to the activation of investment in each sector. And increased interaction with the form in which economic organizations achieve positive partnership between the two bodies and the private sector investment. And focus on the role of joint chambers of commerce, which can be targeted investors.

In addition to the emphasis on the contribution of the commercial attaché in the Iraqi embassies abroad and their movement towards the delivery of ideas and visions of reassuring investors and companies on the political and security situation in Iraq and economic. And the movement of the National Authority for investment at the local solution to the problem of the stalled projects. Also drew ضرورت recommendations to move towards a mixed-sector projects as an initial step to attract investments as opportunities and clear through the preparation of investment in coordination with the departments of these companies. And continuous coordination between the National Authority for Investment and investment bodies in the provinces in all the joints of administrative and technical.

And coordination with Iraqi organizations for the purpose of economic benefit from the database that have to promote investment in Iraq.

And a meeting of the National Authority for investment with the embassies of foreign countries stationed in Iraq to explain the implications of the investment law, the definition of investment opportunities available in the Iraqi economy.

She stressed the importance of translating the recommendations on the investment law and the system of investment and operational instructions to more than one foreign language.

Sources also stressed the importance of the investment involved a series of exhibitions and conferences promoting investment inside and outside Iraq, including an exhibition of agricultural and industrial products during March. There will be an extensive body of investment bodies in the provinces this month to implement the joint coordination between the bodies and the National Investment for the development of investment plans for investment promotion inside and outside Iraq. is also the National Authority for Investment and cooperation with the Ministry of Transport and relevant stakeholders to develop a basic design for the area around Baghdad International Airport, which in turn will provide many job opportunities in all economic sectors to advance the progress and advancement of economic reality in the country and highlight the importance of investing in the Iraqi economy.

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Is there an economic policy in Iraq?

Question always is when talking about the Iraqi economy and its global economic system, Valrgem of Ktherpalhadit that arises from the Iraqi economy Different branches, but the speakers (in the private or public information programs, etc.) often ignore the issue of economic policy and economic planning.

The answer is certainly negative, and to clarify and answer the most contested of the objection, dear readers, however, specialists say: Yes, there are in Iraq, trade, agriculture, industry, investment and other related to the economic system of Iraq, but all of this quantity of the movement and the market is in an orderly and deliberate, on the one hand, There are no future plans to develop the Iraqi economy and develop the other hand, the final outcome of natural and there is no economic policy in Iraq.

The term the Iraqi economy or the Iraqi economic system that includes the designation of all economic activities by the government or the private sector, both of which are supposed to link Chobei according to a comprehensive plan designed to organize and develop these activities and take advantage of every bit of molecules such activities, and there laws and regulations governing the relationship of parts of the system status and its interface, as well as some of the laws governing the economic relations of sub-economic activities and economic system in the rest of Kalmnzawmp political systems, social and other laws and trade (import and export) and investment laws, the laws of the currency, banking and financial markets, market prices, security Economic and many similar laws that do not take note of the citizen or is not aware of these ramifications and complexities of the whole economic system and thus are not easily managed or which can be managed, however, the party or group.

To say that there is no economic policy in Iraq has been fully applied to the period after the occupation in 2003, as it applies to the brutal U.S. blockade of Iraq since 1991 until 2003, almost entirely, causing the destruction of the elements of the Iraqi economy during the period of record, was the reason the largest in the rapid collapse of the Iraqi economy is the lack of alternative plans in case the possibility of an economic blockade or the economic plight of the things which were possible and should be drawn up by economists in the Iraqi account, but that did not happen.

An example of the lack of economic policy in Iraq the flexibility of the customs laws in Iraq and the lack of stability, as well as the activation of the Tax Code, which is one of the most dangerous laws and the most influence on economic policies in countries, such as the lack of clarity in the balance of cash and goods in the Iraqi market, including the application of investment law Outer correctly, one of the important laws in this area, it is clear that negligence in a market in the Baghdad Stock Exchange which is based in a primitive means of communication and supply, it does not use the example of electronic screens Sporat. It is also an example of the neglect of the agricultural sector after agriculture was an artery to the head by oil in the semi-self-sufficiency achieved by Iraq, despite the harsh years of Iraq.

On the other hand, there is no transparency in economic transactions of government, however, people familiar with the oil exports and imports for example, and this brings us back to square one when the secrets and the mystery surrounding the oil sector during the previous regime in Iraq, undermining the trust between the people and the government which has left an impact in the minds of citizens particularly those active in the private economic sector is not doing their duties and responsibilities of the national standard of good.

Based on the foregoing, it must file to review Iraq's economic review of real and serious to be entrusted with the experience and competence to achieve economic policy (special) in Iraq can carry the burdens of the past periods of occupation and siege, destruction and set Iraq on the threshold of a new economic policy. Perhaps the recent announcement of the Economic Forum in Iraq early next month, a glimmer of hope for the revitalization of this file, and we wish to be the start of economic policy towards Iraq.

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To invite American companies to invest in Karbala

spokesman said the information on behalf of the investment Karbala, said the agency has called on the U.S. embassy on Saturday, he urged American companies to invest in the province and work in Karbala for the transfer of technology.

The pilot Asali told (Voices of Iraq), "called for the investment of Karbala from the American embassy in Iraq, the need for investment and the transfer of American technology and development courses for workers in the body, particularly in relation to the negotiation and preparation of feasibility studies and information systems."

He added that a delegation from the American embassy in Iraq, the U.S. Commission on ages (PRT) "visited the Board with a view to strengthening cooperation between the two sides, as were the presentations and discussion of opportunities and leave granted by the Board of investment for investors, as well as to discuss the obstacles faced by corporate investment in the province and in the first issue of the granting of land to investors." Referring to the U.S. side understands the position of Karbala, sacred to the world and the Muslims."

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It is necessary to reach mutual agreement on a uniform law for the oil and gas

Linked to the Vice-President of the Economic Committee in the House of Representatives Yonadam Kanna, we approve the oil and gas law, the resolution of the differences between the central government and the Kurdistan region of Iraq on the oil contracts.

And we confirmed in a press release on Sunday that the issue is still the subject of controversy and wrangling between the central government and Kurdistan Regional Government, noting that it requires a comprehensive solution to the issues concerning the oil contracts signed by the provincial government during the past two years.

We stressed the need for consensus on a uniform law of the oil, indicating that the delay in approving the law would negatively affect the Iraqi economy, the future, especially since there are laws in conformity with the wishes of a previous Iraq in the transition from socialist economy to a market economy.

He believed that we were ready this year, the country of significant economic improvement, citing the improved security situation and a willingness to amend the terms of the investment law, and codification of the operating expenses for the investment expenditure.

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Shahristani asserts start implementing a plan to boost oil output

Said Oil Minister Hussain al-Shahristani said the ministry has begun implementing a plan to boost oil output by 500 thousand barrels per day.

Shahristani said in a press release from the Jordanian capital Amman, said the oil producing countries outside OPEC, it may not be able to continue to increase production unless the price of a barrel of oil to around $ 70.

He added that the oil price remained below this level means the suspension of the final outcome in a large number of oil fields.

He said the awarding of Iraqi oil field services within the first round of bidding, which will be by mid-2009 and the second round the end of the year.

He predicted that total production of crude oil produced from these additional new fields to 3.5 million barrels a day.

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Central to the sales decline to $ 83 million in the canteen

the U.S. dollar sales were recorded in the Central Bank of the auction sale and purchase of foreign currencies, on Sunday, a decrease of up to 83 million and 665 thousand versus $ 168 million and 535 thousand dollars, at the previous meeting.

The bulletin, which led 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 83 million and 665 thousand dollars at the exchange rate was stable compared to 1170 dinars per dollar."

The figure is a decrease from the previous meeting, which recorded total volume of demand for the dollar stood at 168 million and 535 thousand dollars at the exchange rate was 1170 dinars per dollar.

The Bulletin that "the demand for the dollar is distributed by 38 million and 740 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."

With the value of remittances outside the country 44 million and 925 thousand dollars, "covered by 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 11 banks participating in the auction, offers to sell the dollar.

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Iraq is considering its financial position with the World Bank and the International Monetary Fund

Took place in Amman, talks between a delegation from the Iraqi government and officials from the World Bank and the IMF, to review the financial situation of Iraq and to improve the measurement of the level during the past three months, in accordance with the Paris Club agreements.

The delegation was led by the Iraqi Finance Minister Bayan Jabr and the presence of Oil Minister Hassan al-Shahristani, the Governor of the Central Bank Shabibi.

The talks provide Iraqi officials during the meeting dealt with the files of an overall financial status of the Central Bank of Iraq and the proportion of cash in it in addition to the level of inflation rates.

Be mentioned that these meetings take place every three months under review by the World Bank and International Monetary Fund to finance the Iraqi files to measure the level of improvement in the performance of the Iraqi economy.

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Alaa Saadun: to warn the government from interfering with the cash reserve

He warned a member of the Finance Committee of the Parliament Alaa Saadun prejudice to the government of the cash reserve held by the Central Bank of Iraq, because of its serious implications on the Iraqi economy.

Sadoun confirmed in a statement to Radio Dijla, the Committee added a paragraph to the budget not to gearing the government money from the bank, only after obtaining prior approval from the House of Representatives, to ensure that the exercise of pressure on the bank.

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Reduce the number of U.S. troops in Iraq by 12 thousand in six months

The U.S. military announced that it would reduce the number of troops in Iraq by about 12 thousand troops over the next six months as part of a U.S. President Barack Obama to end the hostilities in August 2010.

The statement added that it would not deploy troops to the two alternative Alguetaliyn to be re-published within the next six months in addition to the auxiliary forces such as logistics, engineers and intelligence forces.

Military officials said that reducing the number of U.S. combat brigades in Iraq from 14 to 12 would reduce the number of U.S. troops, currently at 140 A, about 12 thousand soldiers.

A spokesman for U.S. forces in Iraq, General David Perkins, told reporters that during the coming months, also leaves four thousand British troops Iraq.

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Opening of the Rafidain Bank in Cairo and the Egyptian Embassy in Baghdad

A correspondent of the neighboring five files of Iraq's Commission on the forefront of meetings - from the Egyptian in Cairo Tuesday.

Our correspondent added that a delegation headed by Iraq یشارک and کیل the Ministry of Foreign Affairs, Lubaid Abbawi of seven and ten کیل minister کبیرا a number of general managers and businessmen with the Iraqi delegation, headed by the Egyptian negotiator کیل and the Ministry of Foreign Affairs Abdel Rahman Salah al-Din.

اکدت and sources at the Iraqi Foreign Ministry said the delegation represents المشارک All ministries with their counterparts from the Egyptian ministries to resolve all outstanding issues and build new relationships pave the way for future strategic projects between the two countries.

It is scheduled to open negotiations for a three-day Egyptian Foreign Minister Ahmed Aboul Gheit. The Iraqi delegation will discuss the theme of the opening of the Egyptian embassy in Iraq and raise the level of charge d'affaires of the Iraqi ambassador to Cairo, in addition to opening ملحقیات cultural, political, عسکریة between the two countries, will include discussions کما resolve Iraq's debt outstanding between Baghdad and Cairo, especially the yellow cards that belong to the Egyptian labor in Iraq eighties and the opening of the Rafidain Bank in Cairo, where he is expected to take place during the next term project to activate the Egyptian investment in Iraq, particularly in the areas of electricity and projects الاسکان units السکنیة and other mega projects that will be agreed upon کما the two sides will discuss the subject of negotiations during the Iraqi community in Egypt and ways of dealing with the requirements of living and provide for them until they return home voluntarily.

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