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

Voices of Iraq: Iraq-Investment
Posted by: saleem on Wednesday, October 04, 2006 - 03:48 PM

Iraq-Investment
Draft investment law misinterpreted by law makers-MP
By Kawther Abdul-Amir
Baghdad, Oct 4, (VOI) – Iraqi parliamentarian Mahdi al-Hafedh, of Iraqi National Slate, said in parliament Wednesday's session a draft investment law was misinterpreted by law makers.
"A draft investment law was planned to encourage foreign investment into the country for local investment was already organized by a law," Hafedh , a parliament economic committee member, told legislators at the 42nd session.
The investment law is "meant to meet needs of financing projects inside Iraq as the country is now totally dependant on oil revenues and is burdened with huge debts," he said.The Iraqi economy relies on imports to meet local demands due to its insufficient industry and agriculture, the legislator added.
"The investment law will not encroach on Iraq's sovereignty given that a large socialist country like Chine depends in 11 percent of its economy on foreign investment, Hafedh said.
The legislator urged law makers to study a draft investment law in view of its benefits to the Iraqi economy.
The parliament 42nd session witnessed a discussion of a draft investment law amidst reservations by some Iraqi law makers.

Iraq-Investment :: Aswat al Iraq :: Aswat al Iraq

Originally Posted by Adster

The 12th is when they'll review the FIL.....


Parliament-Investment
Iraqi parliament to vote on draft investment law on October 12
By Kawther Abdul-Amir
Baghdad, Oct 4, (VOI) – Iraqi parliament 42nd session was adjourned to Thursday after delaying a vote on a draft investment law till October 12.
The parliament in its 42nd session "discussed a draft investment law while a vote on the draft will take place on October 12," said Parliament speaker deputy Khalid al-'Atiah.
Thursday's session is scheduled to continue a discussion of the draft investment law and a draft provinces law, he added.
The draft investment law received reservations by some parliamentarians as to the concessions and taxes exemptions given to a non-Iraqi investor.
The draft law gives an investor a ten-year-exemption of taxes and 50 years of unpaid rental of land plot where the economic facility was built.
Some Iraqi law makers see 30 years of unpaid rental is more satisfactory.

youre right. dammit i thought that was the oil one. sigh.

Originally Posted by MC Dig

Ok OZ, thanks for the tip,

I will stop by a branch tomorrow and inquire about the Dinar. I too have a nice stash in hand, but everyday w/o an r/v is another day to buy more Dinar!

Originally Posted by ordinaryseawoman

Voices of Iraq: Iraq-Investment
Posted by: saleem on Wednesday, October 04, 2006 - 03:48 PM

Iraq-Investment
Draft investment law misinterpreted by law makers-MP
By Kawther Abdul-Amir
Baghdad, Oct 4, (VOI) – Iraqi parliamentarian Mahdi al-Hafedh, of Iraqi National Slate, said in parliament Wednesday's session a draft investment law was misinterpreted by law makers.
"A draft investment law was planned to encourage foreign investment into the country for local investment was already organized by a law," Hafedh , a parliament economic committee member, told legislators at the 42nd session.
The investment law is "meant to meet needs of financing projects inside Iraq as the country is now totally dependant on oil revenues and is burdened with huge debts," he said.The Iraqi economy relies on imports to meet local demands due to its insufficient industry and agriculture, the legislator added.
"The investment law will not encroach on Iraq's sovereignty given that a large socialist country like Chine depends in 11 percent of its economy on foreign investment, Hafedh said.
The legislator urged law makers to study a draft investment law in view of its benefits to the Iraqi economy.
The parliament 42nd session witnessed a discussion of a draft investment law amidst reservations by some Iraqi law makers.

Iraq-Investment :: Aswat al Iraq :: Aswat al Iraq

Means they think we know too much and are blowing smoke.

Voices of Iraq: Parliament-Investment
Posted by: saleem on Wednesday, October 04, 2006 - 02:45 PM

Parliament-Investment
Iraqi parliament to vote on draft investment law on October 12
By Kawther Abdul-Amir


Adster beat me to it!!

Voices of Iraq : MEETING-lift
Kawthar wrote : On Wednesday, 04 October 2006 12:42 PM-BT

The adjournment of the meeting of the House of Representatives to visit Hall-commerce
From the hushed Abdulamir
Baghdad - (Voices of Iraq)
Announced by the Speaker of the Parliament Mahmoud Almshahadani today, Wednesday, adjourned the session for half an hour to visit the Hall of electronic him, which is scheduled to convene its parliament in the coming days.
He said Almshahadani "will uphold the parliamentary session for a half-hour visit to the Hall commerce and learn how to use."
During the morning session of the parliament to discuss the continuation of the investment law, which was postponed a vote to be held on Thursday, October 12, October 1st. " He said the first deputy, Khaled al-Attiyah of the United Iraqi Alliance list today during the meeting "tomorrow will be listening to the proposed amendments to the law will then be held on Thursday, October 12 October first."
The investment law has met with considerable reservations by members of Parliament with respect to the number of years Almsathat granted to investors. Dharbeh and exemptions.
In the letter of the law to exempt foreign investor from taxes for a period of ten years, and that the duration of the investor Almsatha 50 years.
On the other hand, it denounced the Kurdish list in the House of Representatives today, the attack on three relatives of Deputy Samia Aziz, the Kurdistan Alliance.
The Speaker of the House of Representatives, who read out a statement of condemnation at today's meeting, "The home of Deputy Samia Aziz surprises before (terrorists) in the second of this month, which led to the death of her nephew, Khaled Ibrahim, and his uncle Sadek, I explained sister, and she said the three bullets in the head. "
Condemned Hamid Majid Moussa, deputy of the Iraqi List the incident and said that "communal violence and racial together."
On the other hand, said Mahmoud Almshahadani automatic Ada to the House that it is necessary to meet the deadlines for the start of the parliament sessions, which were identified in the ten in the month of Ramadan.
He said Almshahadani during today's meeting "must stick to the limit all the dates start of meetings that we have set in ten in the month of Ramadan therefore action would be taken to the member who will be delayed from that date, certain actions will be taken against him will be determined in the parliament." (he who is late will be punished)
He added : "The meeting will be held at ten and record the names of those present at 10:00 and ten minutes, (be here at 10. roll call at 10:10)If a quorum will be meeting for half an hour and if a quorum after two half will be meeting and will hold parliament caused a delay in holding the meetings. " (sidebar is 30 mins. After 2 sidebars, you will delay the meetings)
The today's meeting had begun to 12pm local time for the city of Baghdad.(used as an example that today began 2 hours late)lue"]This, to me, sounds like a gripe session. A disciplinary session of sorts. Comments in blue.[/COLOR][/I][/QUOTE]

Ok,

I just spoke with a friend who speaks Arabic and is also a DInar investor. If we have a link to this article in arabic he can translate for us. Also if there are a few other key articles with confusing translations, if I have links I can pass those on as well. Just a few though, he is busy and I am sure he won't want to go through twenty articles. Just a few.

Originally Posted by phiberoptik

kuwaiti's never really forgave iraq for invading which they still say was over the iraqi dept

So probably no debt relief from them then. So maybe they can move on and RV now instead of waiting.

Dinar-Excited

Originally Posted by Dinar-Excited

It does surprise me that Kuwait did not follow suit with Saudi and the others that just forgave debt. I am not sure what they owe them. Maybe they are holding out for extra Dinars.

Dinar-Excited

I think its pride.

Kuwait was raped, robbed and pillaged by Saddam and his Iraqi goons, now Kuwait has the upper hand and they are going to slow play it to remind Iraq and the world that they are a strong, proud people, a force to be reckoned with.

Kuwait will come around but they are going to flex their muscles first.

Originally Posted by cigarman

It looks like Kawait isn't going to forgive the debt. How much does Iraq owe Kawait and I wonder how this will effect the reval?

It sounded to me that they were saying the decision must be put to a direct vote by the Kuwaiti people. The Kuwaiti politicians don't want to lose re-election by potentially pissing off their constituents, but don't want to irritate the international community either. What I'm not sure of is if this is classified as 'passing the buck' or 'CYA'.

I remember reading that any country that was run by dictatorship would automatically be forgiven of debt if they chose democracy. I think it was a united nations law or paris club law. I remember someone stating that this is a formality that the countries go thru but it isn't neccessary for the debt to be forgiven. Does anyone else remember this?

Originally Posted by boogirl

I think its pride.

Kuwait was raped, robbed and pillaged by Saddam and his Iraqi goons, now Kuwait has the upper hand and they are going to slow play it to remind Iraq and the world that they are a strong, proud people, a force to be reckoned with.

Kuwait will come around but they are going to flex their muscles first.

Not to mention Saddam set them up to be in the most awkward position of being beholden to the infidel Americans