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

Baghdad mayor agrees with WB on increasing allocations

Baghdad Mayor, Saber al-Eissawi, on Wednesday concluded talks with the World Bank’s team in the Lebanese capital Beirut by agreeing on increasing the financial allocations to the Mayoralty of Baghdad from $69m to $100m to implement important services projects in Baghdad.

“Several meeting were held for two days in Beirut with the World Bank’s team,” said a release issued by the Mayoralty and received by Aswat al-Iraq news agency.

“The agreement envisages also holding long-term training courses to train the mayoralty’s staff in engineering, administrative and legal departments,” it added.

http://en.aswataliraq.info/?p=116108

Foreign Minister: Iraq has applied many of the international obligations

He and Foreign Minister Hoshyar Zebari said Iraq has applied many of the international obligations imposed on him over the years, including the situation relating to Iraq and Kuwait.

He called Zebari during a meeting with UN Secretary-General Ban Ki-moon in New York that includes the report of the Secretary-General to the Security Council in the coming period on the specific timetable for exit from the consequences of Iraq's Chapter VII.

For his part, UN Secretary-General on the understanding of Iraq's legitimate demand to get rid of the restrictions of Chapter VII and the restoration of its natural and legal position in the international community.

He explained that his report will clarify the obligations objectively by Iraq and the rest of them and how to address the outstanding issues.

http://209.85.229.132/translate_c?hl...FNF2ZHC2rCSj9A

The economic fundamentals, expect Iraq's accession to the WTO during the 10 years

Economic forecast among Iraq's accession to the WTO during the 10-year condition in which the government was able to achieve the needed reforms in the productive sectors and the legislative and increase the volume of trade between Iraq and the World.

He called a member of the Economic and Investment and Construction parliamentary Captain Abdul Karim in an interview with the daily life of London to develop the law in line with the requirements of Iraq's accession to the organization, especially in the sectors of industry and agriculture, he said, pointing to the need to facilitate the import and export operations.

The Captain was introduced through the results of a symposium held in Baghdad, and participated in the Committee on the pros and cons of Iraq's accession to the WTO and called for the need to develop legislation for the rehabilitation of the Iraqi economy.

The MP added that the accession to the organization requires an increase in commercial exchange with countries of the world and the abolition of customs duties, considering this issue one of the most important legislation and need to be adequately considered in addition to increasing exports and reducing imports.

http://209.85.229.132/translate_c?hl...cRBBZtGGAlIigQ

As the country's need 400 billion dollars .. Minister of Planning: Implementation of Five-Year Plan will be a quantum leap in the economy

Said Minister of Planning and Development Cooperation, Dr. Ali Baban said, "Five-Year Plan for years 2010 - 2014 will be a quantum leap in the Iraqi economy, indicating that this plan will take your to-sufficiency in the area of services offered to citizens throughout the governorates of Iraq. He said at a news conference in Baghdad, recently said that the high prices and lower oil prices on the Aobaka What Atwther for the application and implementation of the five-year plan, which the Ministry of Planning and Development Cooperation and the bulk of its preparations to determine the beginning of next year, pointing out that the field visits to the ministry in some central and southern governorates have contributed in the formulation of policy to be followed in the next five-year implementation plan

As this plan is a comprehensive development through the coming years through the development of services in the sectors of agriculture, industry and all levels of life and well-being of the citizen. "Between the Minister of Planning," There are technical difficulties and political obstacles to the implementation of the five-year plan to do with the interest and support of governments to plan future technical and factors of instability in oil prices and other factors."

Baban said that "the five-year plan will work to strengthen and develop the various productive sectors of the now-defunct industry, agriculture neglected, as well as service projects stalled in the general government sector, private and mixed."

Called to the Minister of Planning and Development Cooperation Ali Baban, the establishment of an industrial city in every province of Iraq during the next few years.

Baban said, according to (and the Iraqi News Agency Information / INA), "The Ministry and within the five-year plan in place for the years 2010 -2014 and the investment strategy was developed within the Platform for the five-year plan which will be the establishment of industrial cities across Iraq to reach the level of any industrial country in the first and then up to the stage self-sufficiency of the Iraqi industry, "..

Baban said that "the plan included the construction of an industrial city in every province of Iraq through the provision of land, fuel and security protection in the provinces as well as the selection of industries that exist in each province, cities, industries, according to sources available, and open the door for the creation of investment of these cities over the next few years."

He said "The industry is now in the country are currently suspended and that there is approximately 90% of the private sector, non-factor on the production and the government now pays the salaries for thousands of staff and workers in factories and plants without the production of real concrete."

In the meantime, "said Ali Baban, Minister of Planning and Development Cooperation that Iraq needs to be 400 billion dollars to complete a first draft of infrastructure, industry, agriculture and other sectors of production.

The Minister of Planning, according to (and the Iraqi News Agency Information / INA) that the annual budget and set the amount of 10 billion dollars to invest in Iraq and that the country needs to be about 400 billion dollars, a first for the implementation and completion of infrastructure projects in Iraq for the production sectors such as industry, agriculture and services and the upgrading of the Iraqi citizens to the level of absolute luxury.

http://209.85.227.132/translate_c?hl...gFXexhS8TRCfmw

The Ministry of Oil: the national staff is not able to develop the oil industry in Iraq

A spokesman for the Iraqi oil ministry could not be the Iraqi national staff to develop the oil industry in the country.

Assem Jihad said that the media of "the Iraqi national staff working in the field of oil that can not develop the oil industry because it requires a lot of experience, technology and investment," .. he said, adding that "the developments that have accompanied the oil industry is missing from the Iraqi oil sector for decades."

He called on "all concerned to deal realistically Matqtadhah In the framework of the national interest."

He pointed to the importance of Jihad, the contracts signed by the government with foreign companies, he said, "These contracts aim to develop the oil industry and increase production."

He added that "there are many projects across the country in which to ensure that the marginalization of one or the loss of any kind of concessions that were obtained."

http://209.85.227.132/translate_c?hl...Y6JE5JuyjCBP3A

Expert: public spending must be consistent with the level of demand to achieve economic stability

The economist said that public spending must be consistent with the level of aggregate demand that achieves economic stability. Stressing that the continued viability of public spending depends on the manner in which the funding operations.

A professor in the Faculty of Economy and Administration, Dr. Nabil al-Saidi told the independent press (Iba) said Thursday that structural adjustment policies aimed at removing distortions in the economy, as the level of spending in Iraq affect the achievement of stability through the so-called productive expenditure, which is of high quality projects, such as public and social programs and health. He pointed out that in the case of using the right tool in public spending can contribute to the achievement of internal stability.

He added that economic theory requires that, in the conditions of a sound economy, the demand and supply create good distribution of economic resources, but sometimes fail because of market monopolies and economic shocks.

The dangers of going too far there in the government intervention, because that will create price distortions and restricting the movement of traders in the market and therefore make economic conditions worse than they were before the intervention.

Saeedi said that the most important roles that the state can intervene, is to develop a general framework that ensures the safety and economic operation of markets, and deal with any volume of natural monopoly facilities and a large rise in the cost of entry. Indicating the importance of providing public goods and services subject to the principle of the work of exclusion.

It should be noted that the State can influence the distribution of income or re-distributed through the tools of fiscal policy of tax and public spending.

http://209.85.227.132/translate_c?hl...mWtK36w5ZOPB6w

Obama to host Iraqi PM at White House

US President Barack Obama will host Iraqi Prime Minister Nuri al-Maliki at the White House for talks on July 22, a spokesman said Wednesday.

"President Obama looks forward to welcoming Prime Minister Nuri al-Maliki of Iraq to the White House on Wednesday, July 22," press secretary Robert Gibbs said in a statement.

"The United States and Iraq enjoy a close relationship and are partners in building a sovereign, stable and self-reliant Iraq through the responsible withdrawal of US forces and the encouragement of new ties in trade, commerce, culture and education," he added.

"The president looks forward to consulting with the prime minister on a broad agenda of issues of mutual concern."

http://www.zawya.com/Story.cfm/sidAN...0White%20House

Iran, Iraq ink oil and energy cooperation MoUs

Iran and Iraq have signed two Memorandums of Understanding on energy and oil cooperation after three days of talks.

The MoUs were on management of the joint oil fields and bilateral energy cooperation.

Iran and Iraq plan to develop different oil and gas sections in a 10-year and 15-year period considering their rich energy reserves and potentialities, said Managing Director of National Iranian Oil Company Seifollah Jashnsaz.

There are 85 oil and gas fields in Iraq which should be developed in 10 years and sharing 2000 kilometers join borders has created a strategic opportunity for the two neighbors and they hope to fulfill the projects, he said.

“We seek to preserve interests of the two countries and to have win-win negotiations.”

Iran can provide Iraq with exploration, digging and some extra services including oil engineering, seismology and mined bombs explosion, he said.

http://pukmedia.com/english/index.ph...12181&Itemid=1

Oil suggests that the Kurdistan region of payments from oil companies, mining regions, the budget

The Iraqi Finance Minister Bayan Jabr said the rise in Caspian Sea oil revenue to meet the two billion dollars from the fees ****** phone companies will provide the country's supplementary budget of up to $ 3 billion dollars.

Meanwhile, Zubeidi told a news briefing that the Ministry of Oil has proposed to pay the province of Kurdistan, the extraction of the oil companies benefit from the share of provinces in the public budget.

http://209.85.227.132/translate_c?hl...e2SHKHUts4d8pQ

Parliament reveals the existence of some obstacles that prevented the questioning of the ministers of oil and transport

A member of the Commission on oil and gas in the House of Representatives Bayazid Hassan said the ministers who are due to be questioned are the Oil Minister Hussain al-Shahristani, Minister of Transport, Amer Abdul-Jabbar.

A good statement in regard to the NOAA radio for the existence of some obstacles that have prevented these Ascwab Minister.

http://209.85.227.132/translate_c?hl...0kwzK-nmOyXXFg