Thread: Iraq/Dinar News. 09/05 to 01/14/07

Al-Maliki intends to end sectarian rifts

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03 October 2006 (Aljazeera)
Iraq's prime minister has announced a plan to end the deepening divisions between Shia and Sunni parties in his government, and to unite them behind the drive to stop sectarian killings in the country.

The four-point plan, which emerged after talks between both sides, is to resolve disputes by giving every party a voice in how security forces operate against violence on a neighbourhood by neighbourhood level.

Nouri al-Maliki, Iraq's prime minister, said: "We have taken the decision to end sectarian hatred once and for all. We have vowed before Almighty God to stop the bloodshed."

Local committees will be formed in each Baghdad district, made up of representatives of every party, religious and tribal leaders and security officials, to consult on security efforts.

A Sunni representative, for example, could raise a complaint if he feels police are not pursuing Shia fighters after an attack.

A central committee, also made up of all the parties, will co-ordinate with the armed forces.

In a possible boost to the effort to rein in the violence, a radical cleric who heads one of the most powerful Shia militias, Muqtada al-Sadr, has ordered his followers to put aside their weapons temporarily, an al-Sadr spokesman said.

Mass kidnappings

Al-Maliki announced his plan hours after gunmen abducted 14 computer shop employees in a midday attack in central Baghdad on Monday, the second mass kidnapping in as many days.

The bodies of seven of 24 captives seized on Sunday were found dumped in southern Baghdad. Sunni politicians blamed Shia militias for both mass kidnappings and demanded the government should take action.

Al-Maliki announced a 24-point reconciliation plan when he took office in May, which laid down ways to tackle violence, including an amnesty for fighters who put down their weapons, as well as security crackdowns.

So far, his previous plan has done little to stem the daily killings.

In addition to the local and central committees, the new plan calls for the setting of a media committee and a monthly review of progress, al-Maliki said.

However, it does not directly tackle the issue of cracking down on Shia militias, a step Sunnis demand but many Shia oppose.

In theory, the committees would give Sunnis a venue to press security forces to take action against fighters. But Shia on the committee would have an equal chance to try to prevent action.

Al-Maliki intends to end sectarian rifts | Iraq Updates

Originally Posted by wciappetta

Yes I've got one...Marry an American move to Florida save 12-25% on that Tax Bill

Texas, South Dakota, Wyoming, Nevada

Originally Posted by clintstella

I believe all these sales and investors posts with values of deals published that are simply we getting ready stories. Nothing has happened, yet getting things in place, planning, that's all, no transactions until the FIL and RV. MO

i understand that but SOMEONE had to make the deal so quite a few people have to be in on it with goverment sales and contracting its never just two people that sit down on a deal

I read on the IIF going back at least 6 months ago. That they would have to have the dinar on the market for. About 6 months prior to the ISX opening up to International investors! Can anyone back this up?

Originally Posted by goldraker

I read on the IIF going back at least 6 months ago. That they would have to have the dinar on the market for. About 6 months prior to the ISX opening up to International investors! Can anyone back this up?

I wouldn't put stock in almost anything that comes out of there. There are to many naysayers who like to twist things to make them as bleek as possible.
just my opinion.

Originally Posted by zwhatimsaying

I wouldn't put stock in almost anything that comes out of there. There are to many naysayers who like to twist things to make them as bleek as possible.
just my opinion.

Hey now, let's be nice

Some people (the naysayers) just don't like the big rides at the amusement park. That's what the kiddie coasters are for. I gotta say though, that I am lovin' the ROL. This thread is full of tasty newsy goodness!

Originally Posted by goldraker

I read on the IIF going back at least 6 months ago. That they would have to have the dinar on the market for. About 6 months prior to the ISX opening up to International investors! Can anyone back this up?

Never seen that although it would make sense to have a revalued currency that's stable at the new rate, whatever that might be a while before the ISX opens.

I believe the ISX is due to open first quarter next year although they've put the timescale back in the past, (should have been open now).

So yes, it would make sense to r/v within the next couple of months. Investors are more likely to part with their disney dollars, eric euros, and patricia pounds if they know the economy and exchange rate is reliable, safe and won't crash and burn overnight.

OSW or other seasoned investors, what is you take or opinion in opening a
Warka account?

sorry wrong thread please move

So, is this the FIL?

RV before FIL??

Originally Posted by Adster

This is the post in Dinar Outpost from Dinaress, it's a public link so she shouldn't get the hump about anyone else posting it.


Investing in Iraq
New laws open up Iraq's economy
Timothy L. O'Brien NYT
Monday, September 22, 2003

DUBAI, United Arab Emirates Iraq, in an effort to restart its economy and override
security concerns, announced new laws here Sunday that remove most hurdles to foreign
investment in the struggling country and offer very low tax rates for corporations and
individuals.

The Iraqi announcement coincided with an annual meeting in Dubai of the world's leading
financial ministers and central bankers to discuss global economic matters.
The moves are intended to make Iraq, which has the world's second-largest pool of
known oil reserves, one of the most attractive venues for doing business in the Gulf
region.
Yet Iraq is far from stable, and with the pace of reconstruction proceeding much more
slowly than the George W. Bush administration anticipated, the announcement by the
Iraqi Governing Council's finance minister, Kamel Kilani, also sought to bolster parallel
efforts by the White House to drum up outside financial support for its efforts there.
"Our objective is simple to state: promote Iraqi economic growth and raise the living
standards of all Iraqis as soon as possible," Kilani said Sunday in Dubai, where he is
attending the conference of the World Bank and International Monetary Fund.
"We ask the world to help us," he said.
"Seize this opportunity."
The U.S. Treasury secretary, John Snow, applauded the blueprint for a new Iraq
economy as "policies that make sense" but cautioned that security in a nation still facing
daily violence would be a prerequisite for any substantial economic recovery.
To try to allay safety concerns and provide for rich returns to those willing to risk investing
money in a war zone, Kilani said, foreign owners will be able to control as much as 100
percent of any enterprise in which they invest in Iraq; that would be a sharp contrast with
most of the Arab world, where foreign ownership of locally based concerns is typically
highly restricted.
The ownership rule applies to every sector of the economy except natural resources,
meaning that the lucrative but still relatively dormant oil industry will remain entirely in the
hands of Iraqi owners.
The new ownership laws, completed on Friday, allow investors to jump into Iraq
immediately, without having to be screened by the goveernment.All profits from such ventures can be fully and immediately remitted overseas, meaning the money does not
have to be stored with an Iraqi institution.Real estate cannot be owned by foreigners under the new law, but can be leased for up
to 40 years.
For companies and individuals who set up shop in Iraq, corporate and personal income
tax rates will range from 3 percent to 15 percent after a tax holiday expires at the end of
the year. To increase trade, Iraq will impose a flat tariff of just 5 percent on all imports
except for relief supplies like food, medicine, clothing and books, which can be imported
without tariffs.
The Central Bank of Iraq has been made legally and operationally independent, and
foreign banks will be allowed to open branches there. The law permits six foreign banks
to buy complete control of local banks within the next five years, after which there will be
no limits on foreign banks' entry into Iraq. An unlimited number of foreign banks can
purchase up to 50 percent of local banks.
The banking law, should it gain traction with outsiders, would introduce competition to a
market dominated by just two large Iraqi banks, Rafidain Bank and Rashid Bank.
Lending in the country is anemic, and an adviser to Kilani said he hoped that the law
would encourage new banks entering the market to make loans to small businesses,
which are seen as a key to future economic growth.
In an interview at his hotel, Kilani called Sunday's announcement "the most important
thing we are working on.

It's a message for the investors to come invest in our country
and help get Iraq back on its feet."

http://zfacts.com/metaPage/lib/NYT-2003-9-Iraq-invest.pdf#search='investing%20laws%20of%20iraq'