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

This was just posted on a news site I frequent. Although the date says 10/6 (which was Friday) it just now has been posted....my guess is they were holding posting it until investment law was passed.

Investment law. And wait required - Eng strict Alvili

[06-10-2006]
Investment law. And wait required
Eng strict Alvili

Not unlike involved in the affairs related to the economy, the role of foreign direct investment and indirect increase in financial resources, Thus domestic savings, and the revitalization of the movement of exports result, and the resulting all of the deficit reduction domestic, and the creation of job opportunities in different sectors to combat unemployment and its negative effects on the individual and society.

Note that the process of promoting external funds in the domestic arena entry related economic philosophy course practice. Chances oriented economy to attract the foreign investor, different compared to a market economy in terms of the size and nature of investments.

The private joint or common ownership in some strategic outlook projects have advantages of certain economic dimensions and sovereign differ from the other types.

In today's Iraq is not yet clear vision and a clear reduction this moment on the economic philosophy that will be and whether they are in conformity with the needs of the country's present and future, Will the market economy, for instance, is the title of stage? . Here, the scene in question for the period required for access to this pattern, and the number of stages necessary in the light of the priorities identified in the various economic activities.


Important to move through the controls of legitimacy and national and moral responsibility, based on the reality of the impacts of what we are doing, beyond the fact pension, and the citizens, and a Astkhlavna fact on the ground and wealth proxy, not nobility "metaphor" us, as we move on in all our steps and take the decisions in this aspect, regarding the management of wealth and land as to honor the rights and synovitis in the life cycle], which is what you create in all of the land].


Here highlight the need to bring every issue of a candidate for investment for a detailed examination 44-51 different and separate from other economic actors. What works for one sector might not be necessary, appropriate for another sector in terms of the importance and benefits and estimated the positive effect on the balance and security community and national levels.

We are in dire need for the flow of investment in vital areas such as housing, electricity pressing, compared with those involved in the consumer movements known. Taking into account the fears of monopoly situations which require the timely intervention of the state in one way or another.

Since the law under consideration will be in effect along geographic Iraqi It is therefore fitting that the bodies concerned have waited some time to allow the reading of the draft Territories, to study the legal areas common to regional laws with the federal law in the area of investment, in terms of the powers granted and borders open to different human Alvdragliat to move through the special circumstances in attracting foreign investments that are in harmony with their domestic policies in the framework of the federal different regions.

The wait for some time is not in any way impede the opportunities for foreign investment, This is not standing on the border pending legislation in the Parliament law, so showered Seoul funds and expertise of the companies and countries, In the case of Iraq to begin the revolution investment! .

Because the investor needs primarily a climate conducive to the movement of money, to ensure the Zmenbh as soon as possible to reach a point of the tie in the project and attributable to the invested capital. This change requires full transparency of the policies of the State in the years to come, the other side of the objective conditions that contribute entirety to the creation of an enabling environment to stimulate investment Afterward particular place.

Needless to say, the atmosphere of negative security impeding the entry of foreign capital area of Iraq, This requires additional safeguards in legal terms, agreement on the terms of reference of an independent international experience and professionalism and efficiency of the separation element in the foreseen future, due to the importance of this dimension in a spirit of trust, against negative impressions that reflect the reality of the security situation in some areas of Iraq.
The foregoing also leads us to set priorities moving through the political dimensions of the investment decisions in an attempt to start from the relatively safe areas in Iraq compared to other experiencing the atmosphere of disturbances, briefing the investment and residential security network, make them more like isolated islands, taking into account all the logistics and human resources required for its operation.

In a word, that the thorny issue of foreign investment and of different dimensions, philosophical and political side of what is the financial and economic, It also is subject to various wills and requires legal and institutional environment makes it possible gaps in the process dim happens, It also gives the capital confident ensure the safe movement of re-entry upon arrival at the point of the tie when he meets with the profit line investment, in the shortest period of time possible.

Sotaliraq.com

Originally Posted by kiko

Yeh, that was me!

Normally my orders are always executed the next trading session. Thats should be today.

But for some reason my order now will be executed on Monday the 16th!!

There should be a normal trading session, unless:

- The FIL is being enacted immediately. They are preparing everything to purchase stocks on my own name and by the warka/cbi

- or they are preparing/doing a revalue. I assume that when a new exchange rate is set there will be no trading.

Any suggestions on this?

We'll according to this site Iraq current local time from WorldTimeServer.com
the ISX is 1 hour behind on their clock so lets see in the next 35 min. if they open.

ADVFN is still showing the same rates on their site at the present.

Originally Posted by Justpraying

ADVFN is still showing the same rates on their site at the present.

I don't think it would show anything until CBI opens and post first., Just a thought

Originally Posted by kiko

Yeh, that was me!

Normally my orders are always executed the next trading session. Thats should be today.

But for some reason my order now will be executed on Monday the 16th!!

There should be a normal trading session, unless:

- The FIL is being enacted immediately. They are preparing everything to purchase stocks on my own name and by the warka/cbi

- or they are preparing/doing a revalue. I assume that when a new exchange rate is set there will be no trading.

Any suggestions on this?

How does one trade on the ISX?
Currently, trading by foreigners is not possible (see related question, "When will the ISX be open to foreign investors?"), but once foreign investment is implemented, trading will work in a very similar manner to that of any other major market. You will need to set-up an account with one of the officially recognized Iraqi brokerage firms ^, and make trades through them for a commission. Currently it appears that most of these brokerages will only be able to make trades via phone and written request, but it appears that there is a plan underway to implement a system-wide electronic trading system. (this is based on official ISX documentation)

Sorry, I can't tell if they are open or shut!

Originally posted by: dinarntx

Some politicians had expressed concern that foreigners might buy up vital assets in Iraq's potentially lucrative oil sector at fire-sale prices amid the post-war chaos, but the final draft was broadly welcomed

Wonder what was in the final draft that changed their minds? Could it have been a little note that said---->Vote for this on Tuesday, we reval on Wednesday.... No firesale tommorrow. Sorry, we woulda told ya sooner, but we were afraid you'd blab.....

Originally Posted by Webster

How does one trade on the ISX?
Currently, trading by foreigners is not possible (see related question, "When will the ISX be open to foreign investors?"), but once foreign investment is implemented, trading will work in a very similar manner to that of any other major market. You will need to set-up an account with one of the officially recognized Iraqi brokerage firms ^, and make trades through them for a commission. Currently it appears that most of these brokerages will only be able to make trades via phone and written request, but it appears that there is a plan underway to implement a system-wide electronic trading system. (this is based on official ISX documentation)

Sorry, I can't tell if they are open or shut!

If you open an account with Warkaa Bank they invest for you. Haven't done it myself so that's as much as I know

come on Papa .... bably needs a new Mercedes, bring the reval now!!!! LOL
benzboy

Originally Posted by Webster

How does one trade on the ISX?
Currently, trading by foreigners is not possible (see related question, "When will the ISX be open to foreign investors?"), but once foreign investment is implemented, trading will work in a very similar manner to that of any other major market. You will need to set-up an account with one of the officially recognized Iraqi brokerage firms ^, and make trades through them for a commission. Currently it appears that most of these brokerages will only be able to make trades via phone and written request, but it appears that there is a plan underway to implement a system-wide electronic trading system. (this is based on official ISX documentation)

Sorry, I can't tell if they are open or shut!

warka investment company invested some of our warka savings into the isx for us under them as a proxy until such time as it can be transfered into our name. i believe that time has come.

Originally Posted by day dreamer

I don't think it would show anything until CBI opens and post first., Just a thought

What can I say, I am tired and excited at the same time!