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

Osman "of the communication," a Kurdish delegation reach Baghdad next week to hold discussions on outstanding issues

Leader, the Kurdistan Alliance Mahmoud Othman said that next week will see the visit of a delegation from the Kurdistan Regional Government to hold dialogues with the central government on a number of outstanding issues between the two sides.

Osman said in a statement to the "Media Center of the communication" that "the new government in the Kurdistan region is currently working on the organization of government ministries and positions in the new line to the Kurdistan Regional Government, while noting that meetings were held to form a delegation that will travel to Baghdad to hold dialogues with central government on the issue of the most prominent of several files peshmerga and the issue of Kirkuk and disputed areas and oil contracts."

He pointed out that the delegation will be led by Nechirvan Barzani will arrive in Baghdad next week, stressing the need to resolve outstanding issues as soon as possible because their survival affects the entire political process and dialogue is the only way to resolve outstanding differences."

http://209.85.227.132/translate_c?hl...67jQ53VxMjQkNg

Kurdistan Alliance: to get into the problem of the Kurds in the Oil and Gas Law

Said deputy from the Kurdistan Alliance bloc Ala. Talabani said "the Iraqi Parliament does not have a mechanism or a program to resolve the pending bills." Noting that "the root for the oil and gas law is still ranging between the Council of Ministers and the parliament and introduced to the Kurds in this problem and the law has so far not read the first reading in parliament."

He Talabani in a press statement that "if it is not voted in the election law on October 15 I next, they will depend the old law, "claim", the holding of the like the rest of the province of Kirkuk governate, "pointing to" Disable this election is forbidden for Citizens a lot of services,".

He said that "the House of Representatives will be transmitted much Bills to the next parliamentary session, and those laws Amendment Act Constitution as well as to other laws."

On the other hand Talabani rejected "accusations Against the Kurds that they do not want to approve oil and gas law, "pointing out that" the root of the problem for this law is located between the Cabinet and the parliament and enter the Kurds in this problem and so far, the law did not read the first reading in parliament."

http://209.85.227.132/translate_c?hl...rq8o17Pfkz5IrA

Iraq soon join the Secretariat of the Federation of GCC Chambers

President of the Federation of Chambers of Commerce, Saturday, that Iraq will be held soon to the Federation of GCC Chambers.

Jaafar al-Hamdani said that the meeting of the heads of the Federation of GCC Chambers to be held in the next few days "will change its name to the Federation of Chambers of the Gulf region", adding that Iraq "would be then in the Secretariat of the Council and co-president in his work."

The name has been transferred from the European Union Chambers of Commerce to the Federation of GCC Chambers of the GCC countries after the overthrow of Iraq's membership of the European Union in 1990.

The General Secretariat of the Federation of Chambers of the Gulf Cooperation Council has agreed in principle at its meeting held during the month of March last in Muscat, on the restoration of the Republic of Iraq in the Federation and in the 24 meeting between officials of the Gulf Cooperation Council and the heads of the Federation of Chambers GCC.

The Hamdani that Iraq's return to the Union "gives a significant advantage in the center of global economic and encourages investment companies to come to the country," indicating that many of the conventions "held in the period preceding the introduction of Iraq contributed to several associations including the Federation of Chambers of Commerce of the Islamic and the Arab Federation of Chambers of Commerce and Industry".

And stated that he was "the formation of approximately 12 of the Iraqi trade with countries as diverse", noting that the Federation of Iraqi Chambers of Commerce had "entered a trading partner for many chambers of commerce, including German, Indonesian and Chinese as well as a group of Arab Chambers of Commerce."

The idea of establishing a federation of chambers of commerce, industry and agriculture in the Gulf Arab countries with similar economic circumstances after the growing sense of the need to reaffirm the bonds of brotherhood and unity of purpose and determination and the support of Gulf economic cooperation steps.

Through the initial meetings and contacts made between the chambers of commerce, industry and agriculture and their unions in the Gulf Arab states, was held the first Economic Development Conference of the Chambers of the Arabian Gulf in the city of Jeddah - Saudi Arabia, in the period between 16 - 20 October 1976 to discuss ways of economic cooperation among the people of the Arabian Gulf and the role that can be played by the private sector in this area. Have participated in this conference associations and chambers of the Gulf Arab states in each of the United Arab Emirates, Bahrain and Saudi Arabia, Oman, Qatar, Kuwait and the Republic of Iraq.

The result of discussions in the Conference on the issuance of a number of decisions and recommendations came in the forefront of the Union of Chambers of Commerce, Industry and Agriculture for Arab countries to be based in the Gulf city of Dammam, Saudi Arabia, and the formation of a committee of directors of associations and chambers of members of the Conference to draft the Statute of the Union to be presented to the Second Conference to be held in Kuwait .

At the time of the Second Conference of Chambers of Commerce, Industry and Agriculture Organization of the Gulf Arab states in Kuwait on 14 October 1979 the adoption of the Statute of the Federation of GCC Chambers and the announcement of his, and signed by the Presidents and members of associations and chambers of the Gulf Arab participation in this meeting of the Statute of the Federation and became the state federations and chambers of United Arab Emirates, Bahrain and Saudi Arabia and the Republic of Iraq, Oman, Qatar and Kuwait with members of the Federation Council. In the wake of the Iraqi invasion of Kuwait on August 1990 was dropped membership of the Republic of Iraq, and edit the name of the Federation to the Federation of Chambers of the GCC countries.

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Thursday, 20 August 2009

Asiacell: What is the Iraqi Government's Stance on these Indicators?
With the Iraqi government moving ahead in activating the fourth m.obile operator project, Iraq is leading the list of the most competitive Arab cellular markets according to a report published by the Arab Advisors Group on the Cellular Competition Intensity Index for this year.

The Arab Advisors Group Cellular Competition Intensity Index measured the level of competition in the Arab world’s cellular markets for 2009, indicating that Iraq got 91.0%, ranking first and replacing Jordan which was the most competitive market in the 2007 and 2008 indexes.

Commenting on the report, Dr. Diar Ahmed, CEO of Asiacell, said: "We are proud of the level of competitiveness that the sector has reached in Iraq, which is a prerequisite for the advancement of the sector and first and foremost for servicing the Iraqi citizens and providing them with the best services at the best prices. The question I would like to raise here is regarding the government's stance on these indicators and the numbers that show that the cellular market in Iraq has all the necessary elements to elevate and follow the developments that are happening within the sector at the international level. The report underscores the fact that the problems the sector is facing will not be solved by licensing a new operator but by increasing government's cooperation to ensure fair competition and the opportunity for existing operators to put forward solutions and implement them." Dr. Ahmed referred to the example of the government preventing companies to invest in the infrastructure of the sector by installing fiber optic networks, which prevents citizens from their right to clear and uninterrupted calls.

The report indicates that the increased competitiveness of the Iraqi market in comparison to other markets can be attributed to a number of factors, the most important of which is the existence of four operators in Iraq in addition to the existing corporate offers that are available, 3G services and competitive international services.

It is worth mentioning that the Arab Advisors Group devised the Cellular Competition Intensity Index in order to rate and properly assess the intensity level of competition in the m.obile market as part of a comparison that involved 19 countries in the Arab World. The Index takes into account a number of factors that include the number of licensed and expected m.obile operators; the number of working operators; the market share of different operators; number of current prepaid plans; number of current postpaid plans; the availability of corporate offers; the availability of 3G services; and the availability of operational International Long Distance (ILD) competition.

http://www.arabianbusiness.com/press...s/detail/39488

The Ministry of Oil announces not to deal with any oil company signed contracts with the Kurdistan Regional Government

The agent and the oil minister, Abdel Karim Laibi The oil ministry will be included China's Sinopec on the black list if confirmed purchase of Switzerland's Addax Petroleum to drill for oil.

Laibi said in a press statement that the ministry sent a letter to clarify Sinopec, the issue of Addax, one of the foreign oil companies which signed oil deals with independent Kurdistan Regional Government.

Adding that the oil ministry is committed to not deal with any oil company has signed contracts with the Government of the Territory without the consent of the central government and the Iraqi Oil Ministry.

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UPDATE 1 - Gulf Keystone says finds further oil in Kurdistan Well

London-listed oil and gas explorer Gulf Keystone Petroleum Ltd said on Tuesday it found further oil at the Shaikan-1 exploration well in Iraq's Kurdish region, and that it raised its oil-in-place estimate.

Gulf Keystone, focused on Algeria and Northern Iraq, said drilling has now reached a depth of 1,710 meters and has encountered an oil column in excess of 170 meters within the Sargelu, Alan and Mus formations.

"This new data provides Gulf Keystone with grounds for a revised range of oil-in-place volumes of between 1.5 and 3.0 billion barrels for the oil encountered, thus far," Gulf Keystone said in a statement.

"Even at this early stage, the commerciality of this discovery is substantially strengthened by our upward revision of the oil-in-place estimate," it said.

The company had earlier planned to drill deeper with the same well into formations that could hold more than 1.5 billion barrels of oil.

Gulf Keystone shares closed at 52.75 pence on Monday on the London Stock Exchange.

http://www.reuters.com/article/rbssO...G5041120090825

Municipality of Baghdad declares its intention of establishing the city Stock Exchange of information and press

The Secretary of Baghdad, Sabir al-Issawi that the secretariat of Baghdad, the city plans to create a media north of the capital Baghdad, has created a piece of land on the side of the Rusafa set up a stock of newspapers.

And the transfer of the Information Office of the Secretariat of the edge of Baghdad, told the Independent (Iba) for al-Issawi said that "the Municipality of Baghdad is working with the investment to build the city of Baghdad, the northern city of Kadhimiya media, noting that" it will be an integrated city and comprises studios and everything related to the production processes of t.elevision and radio kits ".

"The secretariat of Baghdad, also provided an area of land located between the Square and flying through the passage of Muhammad al-Qasim highway near the gas station in Rusafa square acres and a half to set up a stock according to the press by the distinctive designs," noting that she will implement during the coming period, especially after the agreement with the one of the investors."

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News of an agreement with the Ministry of Oil, Nippon Oil to develop oil field Nasiriyah

According to the Japanese Kyodo news agency reported on Tuesday that Nippon Oil Corp. and its partners won a key contract to develop the huge oil field Nasiriyah in Iraq.

According to Kyodo, citing sources involved in the negotiations said the group and Iraq signed a memorandum of understanding after sweeping aside the biggest obstacles on financial matters.

Kyodo quoted Deputy Oil Minister Abdul-Karim Laibi saying that the announcement of the agreement will be issued in September, indicating that Nippon Oil spokesman in Tokyo declined to comment on this news.

An official at the Japanese trade ministry in Tokyo, "negotiations are different and we are making progress, but we do not know at this stage had been reached a final agreement."

Had previously told the flaw that the company Nippon Oil and its partners "are very close" to winning a contract to develop the oil field of Nasiriyah after reaching an agreement on funding.

Competing Nippon Oil Corp., Inpex Corp. partners for exploration and good. G. C for engineering works with Italy's Eni to develop the field of Nasiriyah, which officials said at the Oil Ministry that has a capacity to produce 100 thousand barrels per day within 18 months.

Officials estimate of Eni final energy of the field about one million barrels per day.

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Kuwaiti firm to build hotel in Basra

The investment commission in Basra has approved a project by a Kuwaiti company to build a hotel at Basra International Airport at a cost of $35 million U.S. dollars, according to the commission's head.

"A request submitted by the Kuwaiti al-Nukhba Company is currently under consideration," Haydar Ali told Aswat al-Iraq news agency.

"The hotel will be established according to the international Holiday Inn standards. It will include four restaurants, swimming pools, meeting halls, a movie theater and a business center," Ali noted.

The estimated time of the project, the first of its kind in the country, is eight months, the official explained.

"The project will provide 300 job opportunities for Basra residents," he added.

http://www.zawya.com/Story.cfm/sidZA...l%20in%20Basra

Atrushi: the deteriorating security situation in Iraq led to the delay and drop a lot of investors

A member of the Finance Committee in the House of Representatives Sami Atrushi that the Iraqi government was keen for more than a year and intensively to urge and persuade foreign companies to enter the Iraqi market.

The Atrushi in a press statement on Tuesday that most of the tools and programs adopted by the government to attract investment in the country based on one rule is the security situation improves, but that the worsening situation has created a deep crater in front of these companies bring to the country, resulting in the delay and drop a lot of investors from their programs inside Iraq.

Atrushi He was not convinced that contribute to some of the projects of the Government to establish protected areas to convince investors and ensure the success of their projects without compromising the security reality in bringing investors will accelerate the process of investment except for few sectors and specific companies.

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