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

Soon, the Conference to amend the Kurdistan Region Investment Law

A source in the form of investment in the Kurdistan Region, on Sunday, said that the conference will be held legally to review and amend the investment law in the region, noting that a Lebanese company specialized in the conference will contribute. ccording to the site of provincial government.

It quoted an official investigation and the information in the region's investment Haider Mustafa, Sunday, that the Commission "will be held in collaboration with a Lebanese company specialized in investment laws Legal Conference in the coming period the invitation of the investors and keep abreast of changes and the need to review the law on investment."

He noted that the law of Mustafa investment "was released three years ago have been developments in the field of global investment, which requires a review of the law and dealt with according to regulations and new regulations are taking into account the interests of investors and the investment."

He praised the role of Mustafa, the Lebanese company specialized in the field of investment laws "to participate with the concerned officials in the Commission with a view to the success of the Conference and the advancement of the movement of investment taking place in Kurdistan now."

http://209.85.227.132/translate_c?hl...pvwnVDkS0lrDXw

Invite Iraqi banks to expand in Basra

Engaged Iraqi Basrah International Bank for investment, to develop a comprehensive plan to expand its banking activity in the province of Basra, the first National Bank was an activist in the conservative sectors of development and trade, despite the difficult circumstances in Iraq, the result of the international embargo imposed on him in 1991.

He said the Director of the bank Haydar Bader Luaibi, in a statement to «life», the bank «is characterized by the Iraqi private banks (30 banks), having four branches in the province, is currently seeking to open a fifth branch in the port of Umm Qasr, in view of its importance to the absorption the requirements of Iraqi traders and foreign remittances ». He explained that the bank «a broad base of business and money and importers who deal with its branches».

The Luaibi that the plan developed by the bank «that made use of investment experience in the maintenance and projects implemented by». He said: «we as.pire to be relegated to the banking sector development plans and prosperity of the province of Basra, because they represent the real gate to invest because of its geographical and economic». He pointed out that bank branches in Basra «keen to take advantage of the investment map developed for the province, containing more than one hundred project is subject to invest in various areas, and whose cost exceeds two billion dollars».

Luaibi and called on the Iraqi banking sector to «expand its base in Basra, taking advantage of the investment climate». He pointed out that «more than 20 banks, civil strife, followed the Basra Bank opened branches», but believed that «the process of investment where you need to overcome the obstacles facing investors, foremost of the current investment law provisions contained impeding investment activity».

http://209.85.227.132/translate_c?hl...SXoPX9nCbzDMqw

Bayazid Hassan: escalation between Iraq & Syria does not serve stability of the region

Deputy from the Kurdistan Alliance Bayazid Hassan Abdullah said the recent escalation between Iraq and Syria does not serve the stability of the region, stressing the possibility of solving all problems through dialogue.

Abdullah said in a press statement on Monday that the two countries not to interfere in the internal affairs of one another and respect for their will to choose his political platform.

In a related development Abdulla said any intervention in Iraqi affairs does not serve the stability of the region and the political process, adding that the tension in Iraq affect the overall situation in the region and the Arabian Gulf.

Expressed support for the invitation of the Government of seeking to establish an international tribunal for trial of the wanted terrorist crimes that occur in Iraq.

http://209.85.227.132/translate_c?hl...nOe_MHuPCbB0UQ

Minister of Transport: flights to the United States U.S., China and Malaysia

Transport Minister Amerabd Jabbar next term will see direct flights from all airports in Iraq to the United States U.S., China, Malaysia, Sudan and Kuwait.

Abdul-Jabbar said in press statements said Monday he was in the previous period for the first time in the country was to announce the establishment of the airline companies are managed by the private sector in the country, noting that one of these companies have managed to obtain a certificate of the AOC to the investor's atmosphere.

He attributed the causes of irregular dates off and landing at Baghdad International Airport to the accumulation of previous years, the small number of aircraft through it.

On the other hand stressed the Minister of Transport not to develop rail lines with Iran and Kuwait and that it has no effect on the draft port of Faw and channel dry.

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

Surge in dollar sales on Monday

The Central Bank of Iraq’s (CBI) dollar sales rose dramatically in its daily auction on Monday to reach $175.15 million compared to last session’s $80.170 million.

“The demand hit $3.2 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $171.815 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 16 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=118297

Work set the end of September at the latest to receive the smart card are covered by subsidies

Called the Social Welfare Department in the Ministry of Labor and Social Affairs subsidies covered by the social protection network in the provinces of Baghdad, Karbala, Najaf, Babil, Diwaniyah, Basra and Muthanna to receive the smart card.

Essam Abdel Latif Director General of the Department of Social Welfare in a press statement that the department has completed all procedures for the delivery of smart cards are covered by subsidies for social protection network.

He added that the names of branches of Bank of Iraq distributed in the three provinces have been identified to deliver the smart card of subsidies covered by the network.

The Abdul Latif had been identified thirty-September is the deadline in the case of failure to do so will then cut the subsidy from the Trust.

He said the Baghdad province will begin to extradite Bank branches across Iraq and by geographical area, in addition to identifying a branch of the Bank of Abbas in Karbala, Iraq and the branch of Muslim bin Aqeel in Najaf and a section Qadisiya in Diwaniya and the Bank of Rumaythah in Al Muthanna, Basra Branch, and pharmacists in the province of Basra and the Bank of Babylon in Babil province.

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

Technical cmte. of GCC currency federation meets in Kuwait next Tuesday

Committee for the Gulf Cooperation Council (GCC) Currency Federation will hold its 29th meeting in Kuwait next Tuesday to discuss technical aspects of the GCC unified currency.

The meeting will also tackle current developments regarding the system development for the currency and the necessary accounting measures in the region, including the views of member states on various consultations on issues related to inflation and vital topics, a statement from the GCC General Secretariat said.

The statement added the meeting will focus on GCC leaders' views on the issue of a single GCC currency in response to a previously signed agreement by the Federation during the ministerial meeting of the 111th session of the council.

The Federation is also expected to review repercussions on the economic growth for each state, including issues related to employment, investments, financial competition among GCC countries, and foreign investments in the region.

http://www.kuna.net.kw/NewsAgenciesP...78&Language=en

Rapporteur of the Commission for the oil and gas (News): I do not expect legislation to oil and gas law during the next legislative term
News agency news - special

Expected decision of the Commission's oil and gas in the Iraqi Council of Representatives Jaber Khalifa Jaber failure to approve a law of oil and gas during the last Alchraei the existence of political will does not want endorsing Although there are no differences on the reality of professional law, "he said."

Khalifa said in a telephone conversation with (news): I do not expect legislation to oil and gas law as Aatouka legislation channeled parties and the elections because of political differences around it.

"Khalifa said deputy parliamentary bloc of virtue" that most of the dominant parliamentary parties in the parliament and the government does not want to legislate this law is intentional or unintentional, despite the lack of professional differences on the text of the fact of law.

"He Khalifa" I think that the Oil Ministry and its Minister was not willing to adopt this law as binding and shall transmit to the minister all oil contracts to the Federal Council is hoped that the oil composition of the formation of law and minister of oil recovered his successor block parliamentary Kberpohm are not enthusiastic about that, in addition to the existence of problems with the region and issues of elections and political alliances are delayed approval of the law."

http://209.85.227.132/translate_c?hl...vKd_30vq3_AWTA

Washington: We expect to address it between Iraq and Syria in dialogue

Washington expressed hope that Iraq and Syria reach a diplomatic solution to the disputes that erupted between the two governments in the wake of the bloody attacks that took place in Baghdad on 19 August and led to the death of 95 people.

Spokesman for the Department of Near East and North Africa at the Ministry of State John Salifanvi a press statement that "the U.S. government has undertaken to press reports claimed that Syrian involvement in those attacks, and through the training of Syrian intelligence elements of the al-Qaeda to carry out those bombings."

Sullivan added that the United States expects Iraq and Syria to address the issues that are the subject of both of them and to resolve differences on security issues through dialogue and cooperation.

Sullivan said that the United States is working to help the Iraqi government in their investigation on the bombings as they continue to work with Iraqi security forces to increase their capacity to prevent the recurrence of such attacks.

http://209.85.227.132/translate_c?hl...TtNJk9GOxdpC2A

International oil companies: a huge investment opportunities in oil

Iraqi oil is a major attraction for companies and organizations that took the global economic and accurately examine the mechanisms for entry and investment in Iraqi oil fields.

Including the stage of actual investment income in Iraq through the gate of investment after he opened his arms to the country the world's leading investment companies in this sector.

These institutions specialized oil concentrating on mechanisms to increase production of oil. As well as the possibility of entering into partnerships with Iraqi institutions ..

The company said Karen Scottish Energy to explore for oil it would take if the partners decided to enter the competition for privileges before the latest round of bidding for Iraqi oil fields.

Energy is where Karen and one of the 45 international energy company qualified to compete in the next round of awarding contracts to develop Iraqi oil fields and huge in the second auction of its kind since the US-led invasion in 2003. But the company's management has not been decided in order to participate in the latest round posed by Baghdad.

Although he understands that Iraq is a country involves the opportunities are enormous and we all know this. Karen and the Board of Directors did not decide on our participation. We do not know what are the terms of trade?. Find the conditions at the time of the first round had been "difficult, when Baghdad and established the only one of eight fields covered by the auction and offered very low return on investment make the most of what the oil companies leave empty-handed despite spending hundreds of millions of dollars in its pursuit of Iraq's vast oil wealth. Presents Iraq Ten fields of oil and gas in the auction is scheduled for late November, a new opportunity for international energy companies to compete for a foothold in the third-largest oil reserves in the world. The Iraqi officials said Baghdad will seek to collect the signing of grant non-refundable $ 1.2 billion of transactions in the round second for the award of contracts for oil, as you will get a 25 percent stake in oil and gas contracts new.

As for PetroChina, the largest in the world for oil and gas production by value said it would buy assets worth a total of $ 3.2 billion from its parent state-owned China National Petroleum Corporation (CNN.. Me. C) in an effort to boost production.

She PetroChina said it would buy assets of the refining equipment of the branches of companies and entities belonging to a sister of CNN.. Me. C, which owns a controlling stake in return for 11.07 billion yuan (1.62 billion dollars) for control of the production and refining activity to reduce potential competition with CNN.. Me. CNN. It was CNN.. Me. CNN has been involved me. My British in getting the right investment Rumaila oil during the petroleum licensing round announced by Iraq at the end of last June.

She reports to international oil companies it is considering to raise oil production in Kurdistan to reach one million barrels a day, "after the discovery of more oil reserves in the region. Altaqarirkhalal said in a process of exploration and drilling of oil wells in Kurdistan region by the British oil company, the company unveiled the find to 1.5-3 billion barrels of oil in the field of Sheikhan - 1 oil, and the Canadian company Heritage united with Gmail Turkish revealed the discovery of oil wells in the region during the month of May of the year in which about 3 billion barrels of oil). Hussain said that the successor council member and chairman of the Senate's energy market, the advent of Venlndep company to invest in the city, accusing some of the service departments of obstructing its work. calling for the elimination circuit to cooperate with foreign investors and to provide possible facilities to serve the citizens of the city and disadvantaged children who are patient, long given the lack of and poor services in the judiciary. noting that the company threatened to leave if it continues to work the complexity of procedures. by the service departments in the province.

http://209.85.227.132/translate_c?hl...1imyQqGAI7Qufg