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

IMF discuss funding needs for Iraq

Scheduled to take place the International Monetary Fund talks with officials from the Ministry of Finance next week to assess the funding needs of Iraq for a possible new lending program.

A spokesman for the International Monetary Fund The mission of the Fund will be more substantive discussions with the Iraqi government next week to assess the financing needs and to discuss possible elements for a new program.

Iraq has been expressed in the discussions with officials from the International Monetary Fund, the Jordanian capital Amman last month in the program of his loans of $ 5.5 billion dollars, a 18-month period.

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Shahristani talks with the coalition of oil companies to develop steps Rumaila in Basra

Research and Oil Minister Hussain al-Shahristani, and some officials of the ministry with a coalition of oil companies, which won the development of Rumaila activation steps and lift capacity.

An official source at the ministry in a statement received a copy of the Tigris Radio on Thursday that the ministry held a consultative meeting yesterday with a coalition of the two (BP) British (bp) and the China National Petroleum Corporation (canc) to display the action steps to be undertaken by the companies.

He said he expected the lifting of the companies mentioned in the Rumaila production to two million, 850 thousand barrels per day during the next six years, an increase the limits of one million and 900 thousand barrels.

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Islamic Bank of an amount of 500 million dollars for the reconstruction of Iraq

Search Finance Minister Baqir Jibrazubaydi with the Director of the Office of the Organization of Islamic Conference in Baghdad, Ambassador Mohammed Hamed Ali organization's role in Iraq through support of national unity between the sons of the Iraqi people.

With an amount of 500 million dollars from the Islamic Development Bank of the organization in the reconstruction of Iraq and to provide assistance and support to the Iraqi government and Iraqi people, as Iraq is a founding member of the organization.

Zubeidi and praised the role of the Organization of Islamic Conference in Iraq, especially in the area to intensify efforts to invite investors and businessmen in the countries of the Organization of the Islamic Conference to invest in Iraq in the areas of housing and the revitalization of the tourism sector and the religious building of hotels and commercial complexes.

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Iraq's parliament did not vote on the Iraqi-British Convention Act

Said Alliance MP Abdul-Hadi al-Hassani, the parliament did not vote on the law of Iraqi-British agreement on the protection of offshore oil installations.

He said al-Hassani told the Kurdistan Onabaan of this Convention is very important for Iraq and to protect offshore oil installations and that Iraq still needs to be agreements of this kind.

For his part, MP for the Sadr bloc, Bahaa al-Sadr rejects the agreement in toto because they affect the sovereignty of Iraq.

He pointed out that the Convention not to vote in Thursday's meeting was due to lack of quorum, and not for the refusal by some political actors.

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Parliament stresses that the Iraqi government to invest Athtm

The deputy said the Accordance Front, said Ahmed al-Alwani, the Iraqi economy is still one-sided and based on oil wealth as a whole.

He said al-Alwani told reporters that any reversal in world oil prices, the Iraqi economy will be affected greatly praised in the 2009 budget, which affected a large decline in oil prices.

Stressing that there is no serious move to take advantage of the possibilities in Iraq through investment or through other sources of energy such as gas and others.

Al-Alwani, stressed the need to find other alternatives for funding and not rely on oil for future generations to Aiatmd oil significantly.

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Dollar sales slump in CBI auction

Demand for the dollar dropped dramatically in the Central Bank of Iraq’s (CBI) auction on Thursday, reaching $82.400 million compared to $145.640 million in the previous session.

“The demand hit $19.400 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $63 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 10 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=116524

Firms should not delay presence in Iraq –VP

Iraqi Vice President Tareq al-Hashemi said that foreign firms aspiring for investments in Iraq should not delay their presence in the country.

This occurred in a meeting in Baghdad Thursday between Hashemi and the head of the Iraq National Investment Commission (INIC), Sami al-Aaraji, according to a release posted on the vice president’s website.

“Investment opportunities in Iraq are promising,” the release quoted Hashemi as saying.

“It would not be to the benefit of a company to delay its presence in Iraq,” he stressed.

For his part, Aaraji reviewed investment opportunities in the country during the meeting.

http://en.aswataliraq.info/?p=116541

Obama sets new lines of Iraq-US relations

US President Barack Obama set forth the new lines of US-Iraqi relations affirming that it’s time to build broader bilateral relations. In a joint press conference with Prime Minister Nuri Al Maliki at the White House, Obama stressed on both parties willingness to enhance bilateral cooperation.

“We'll move forward with our strategy to responsibly remove all American combat brigades from Iraq by the end of next August and to fulfill our commitment to remove all American troops from Iraq by the end of 2011. The United States and Iraq have known difficult times together. Now both of us agree that the bonds forged between Americans and Iraqis in war can pave the way for progress that can be forged in peace”, Obama said.

Once again, President Obama pushed Al Maliki to move forward with national reconciliation reiterating that Iraq will be safer and more successful if all Iraqis are given the chance to flourish including religious and ethnic groups in the country.

The US President praised as well Iraqi efforts before the United Nations to get rid of sanctions imposed on Iraq in the wake of Saddam Hussein-led invasion to Kuwait in 1990.

“I think it would be a mistake for Iraq to continue to be burdened by the sins of a deposed dictator,” the US leader said, noting that they have committed to strong cooperation with Iraq in order to help the country exit from UN Charter Chapter VII regulations imposed after the Gulf War.

For his part, Prime Minister Nuri Al Maliki asserted that “President Obama and the American administration agree with us that Iraq is no longer representing a threat to international peace and security because there is a democracy in Iraq, not a dictatorship”.

Earlier, Prime Minister Al Maliki had urged the United Nations to alleviate sanctions imposed on Iraq. In a visit to the UN in New York, Al Maliki held a meeting with UN Secretary General Ban Ki Moon and the Security Council five permanent countries namely Britain, China, France, Russia and the United States.

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

Rafidain opens Swift

The Director of the Bank of Iraq Abdul-Hussein al-Yasiri and on behalf of the Minister of Finance and the opening of the draft or SWIFT SWIFT program, which links bank Alrphiin b (50) world bank and global financial company.

According to a media source in the ministry of the reporter that "this great achievement to join other achievements in the technical field, including smart card and the overall system and the bank, which makes it among the global banks."

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Maliki confirms the existence of an obligation of good out of the Obama for Chapter VII

Iraqi Prime Minister Nuri al-Maliki that he found a good commitment by the U.S. President Barack Obama and the U.S. administration to help Iraq out of Chapter VII resolutions and international sanctions.

Maliki said during a joint news conference with Obama: 23

Maliki briefed during a meeting with Secretary General of the United Nations and the ambassadors of the permanent members of the UN Security Council on the latest developments in Iraq

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