Thread: Archive News - Iraqi Dinar Think Tank - 06/05/09 - 04/09/09

Parliament: it should have been oil contracts for approval to the Parliament

MP from the Kurdistani Alliance Bayazid Hassan said the first round of licensing has no legal cover.

Hassan said in a statement to reporters that the licensing round to take the first legal legitimacy that must be available to him to work in the oil sector, adding that he should have been oil contracts to the Iraqi parliament for approval.

Hassan explained that all the fields referred to the first licensing round of oil-producing fields and the company received the contract has not only pumping oil to the market, pointing out that Iraq needs to such companies because it lacks the equipment and sophisticated equipment.

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Al-Bayati stressed that among the objectives of the visit Joe Biden discuss the administrative border and the law of oil and gas

Cdedo Abbas al-Bayati, of the House of Representatives among the objectives of the visit of U.S. Vice President Joe Biden discuss the administrative border and the law of oil and gas in order to resolve the dispute between Baghdad and Arbil, indicating that the direction of the White House with that of Kirkuk and its special .. Al-Bayati stressed that the views of the United States vary on the reconciliation with the view of Iraq.

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The return of the line of Baghdad, the London Air

The re-opening of the Ministry of Transport Aviation (Baghdad, London) after the bilateral agreement signed between the two countries last month and made the move to strengthen ties between Iraq and the countries of Europe and now the world Fattah and so this step allows the possibility of opening the doors of investment to foreign investors and ease of access to Iraq, Thus far, this may be added to the now Jazat of the Ministry of Transport in the last period after the opening lines to the (Stockholm, Germany and Greece).

Evidence of the pursuit Permanent link to Iraq to other countries for the advancement of the economy and setting up projects and rebuilding infrastructure through the expansion of investment at all levels between Iraq and the European countries in the world.

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Maliki plans to visit Washington to fix the date of final withdrawal

Prime Minister Nuri al-Maliki's visit to the United States of America in the twenty-atheist, and this month, to give effect to the strategic framework agreement and the stabilization of the date for full withdrawal in 2011. He said the Prime Minister's adviser Yassin Majid said «Maliki will discuss with U.S. President Barack Obama and the UN Secretary-General Ban Ki-moon's official delegation, accompanied by a high-level relations between the two countries in light of the strategic framework agreement, which includes the development of economic relations and trade, cultural, scientific, and subsequent steps of the Convention security and access to 2011 as the date for full withdrawal from Iraqi territory ».

It should be noted that Maliki's visit was the first visit to Washington after the withdrawal of U.S. troops from cities in 30 of the last month. The other hand, he said U.S. President Barack Obama that Iraq is facing difficult days after taking control of towns and cities of the U.S. forces, but he vowed to remain a strong partner for the security and prosperity of the country. He said Obama, who was speaking at a ceremony to mark Independence Day in the United States in the White House a few days after the withdrawal of U.S. forces from Iraqi cities and towns to the rules of the rural people, however, the future of Iraq now. Obama said in remarks to the families of military «because of your courage of U.S. forces handed over control of cities and towns in Iraq to local security forces, adding that« because of the courage and the capacity and commitment of every American action in Iraq controlled the country's sovereignty and consolidated their own destiny ». He noted that U.S. President «This shift will not be without problems, we know that the difficult days of waiting, and that is why we will stay strong partner of the Iraqi people for security and prosperity.»

The U.S. combat troops pulled out of the towns and cities on Tuesday to their bases in the first step of the bilateral security agreement contains all the U.S. troops leave Iraq by 2012.

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Kuwait refused to write off or reduce the compensation
Samurai of the myth: a strong relationship and we hope we are out of the seventh item

Knowledgeable sources told the refusal of Kuwaiti officials during meetings with the President of the House of Representatives, Dr. Iyad al-Samarrai, written off or reduced compensation. The Speaker of Parliament yesterday began a visit to the State of Kuwait for a four-day.

During which he will meet a number of officials there. The sources said in a telephone conversation with the "morning": that the Kuwaiti officials confirmed their support for Iraq in various areas, but they stressed that the issues of compensation and the demarcation of the border and the remains of Kuwaiti and international issues are treated in accordance with UN Security Council resolutions, and that any agreement must be in accordance with the legal cover them, as far as expression.

It is hoped the UN Security Council to discuss the middle of this month, the report of UN Secretary-General Ban Ki-moon on Iraq's efforts to get out of the money item VII.

In the same context, the President of the House of Representatives, Dr. Iyad al-Samarrai on Iraq's right to get out of the item subject to the seventh, he seeks to build strong relations with Kuwait.

Samurai assurances came after talks with parliament speaker Jassem al-Kharafi.

The president of the Parliament the importance of keeping the relations between Iraq and Kuwait, "a strong and coherent out of problems", hoping to build a relationship and to establish new frameworks for resolving the disputed issues between the two countries. "

A source familiar with the Office of the President of the Chamber of Deputies had revealed the "morning" that the Samurai will visit the State of Kuwait during the prospects for cooperation between the two countries and the establishment of a joint parliamentary committee to follow up dialogues files between the two countries and the most prominent of the compensation, debt and the prisoners, and the development of parliamentary cooperation agreement between the two countries . in turn, the President of the Kuwaiti National Assembly that "China will work to remove Iraq from Section VII, after allowing the parties to address the wisdom of their files and relevant United Nations resolutions," He stressed his commitment to "strengthen the relations between the two countries and not to give any room to create sedition."

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Dollar sales up to $115m

Demand for the dollar increased in the Central Bank of Iraq (CBI) auction on Sunday, reaching $115.500 million compared to $102.150 million in the previous session.

“The demand hit $3 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $112.500 million in foreign transfers outside the country, covered 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.

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Germany to open economic info office in Kurdistan

Germany will soon open an economic information office in the Iraqi Kurdistan region to further relations between the German companies and the province, according to the German consul general in Kurdistan on Saturday.

“Necessary procedures were taken to open a bureau for economic information in the region and only a figure is to be picked for the director post,” the consul told Aswat al-Iraq news agency.

“The German government, after a visit paid by German Foreign Minister Frank Walter-Steinmier in mid-February, has lifted a ban on German citizens to visit the region,” he said.

He said that 32 German companies have expressed readiness so far to attend the Arbil International Fair in October.

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Baghdad hosts 1st conference on financial role of provincial councils

The first conference on activating the financial role of provincial councils was held in the capital Baghdad under the auspices of Iraqi Parliament Speaker Iyad al-Samarraie.

The conference was attended by Deputy Speaker Sheikh Khalid Atiya and several parliamentarians and officials.

“A dispute over power remains between ministries and provincial councils…This event provides a good opportunity to find solutions to such problems,” Sheikh Atiya said in his speech at the conference.

Atiya called to support the country’s private sector and to remove all obstacles to investment.

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95% of people prefer ration card – MP

Around 95 percent of the Iraqi people want the ration card to continue, a member of the Iraqi parliament economic committee said Monday.

“After the public opinion survey conducted by the committee, we decided to keep the ration card system for all the social categories,” Mohammed Khalil, lawmaker of the Kurdistan Alliance parliamentary bloc, told Aswat al-Iraq news agency.

“Legislators consider any reduction on the governmental funding to the ration card as a red line, as this funding should not be minimized under any circumstances,” he said.

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Identify the features of a weak Iraqi economy

Select the features of a weak Iraqi economy has been its huge debts in the fall of 2002 about 125 billion dollars, 42 billion dollars to Paris Club countries have been resolved to give up on 80%, the reduction of per capita GDP of 4200 dollars in 1980 to nearly 300 dollars in nineties held this share rose to 630 dollars in 2004. The Director said the Commissioner of the Iraqi market for securities Taha Ahmed Abdul Salam, a specialist during the recent decline in Baghdad said the Iraqi dinar exchange rate of 3.3 dinars per dollar for 1980 to 2000 dinars to the dollar in 1995 , and 1450 dinars to the dollar in 2004 and now is the limits of 1117 dinars to the dollar are among the features and characteristics of the national economy at the present time.

Abdel-Salam said: the unemployment rate is very high limits of 30%, almost twice the rate of unemployment in the Middle East, and the number of Iraq's population of 27 million people, there are approximately 16 million are of working age, the population of working age are 6.7 million representing the labor force, and so the rate of contribution to the work force in Iraq are the limits of 40%, and the rate adopted by the Organization of European cooperation is 70%, noting that he and according to estimates by the WFP, some 16 million Iraqis (fewer than two thirds of the population ) will be fully dependent on food aid provided by the State within the agreed to call the ration-card system, which provides a basket of basic foodstuffs, which cost the state 4 billion dollars annually.

The Abdel-Salam: The agricultural sector is a small contribution compared to the gross domestic product, but it is a vital component in the Iraqi economy. The rapid growth in population over the past three decades, which limits the range 3.6% per annum and limited arable land and the general stagnation in agricultural productivity and the scarcity of water sources, has led to gradually increase reliance on imports to meet the local need of food, making Iraq to become a Chairman of the imported agricultural products. "A peace that most economic activity was affected in various ways since 2003 to stop the destruction and neglect, leading to high production cost and thus the high cost of life has emerged that is clearly in the consumer price index, which extended its winning streak, the proportions of annual for the period from 2003 2007 rapidly 2003 (33%), 2004 (26%), 2005 (36%), 2006 (53%), 2007 (30%), but decreased markedly in 2008 to become a high proportion (3%) only due to the security improvements that led to the regularity in the presentation of fuel, goods and services in the market, especially if we know that (30%) of any family's budget goes to energy consumption and burned.

He pointed out that the percentage contribution of the oil sector amounted to (56%) as a result of the decline of the contribution of other sectors of the economy and rising oil prices in global markets during the first half of 2008, noting the low rate of production of oil from (3.5) million barrels per day in 1979 to (2.00 ) million barrels per day in 2008.

In regard to the industrial sector has decreased its contribution to GDP as percentage (1.5%) in 2008 after what was the percentage (8%) in 1956.

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