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

Source : Al-Sabah - 12/10/2006
The general manager of the Jordanian Customs Engineer Alaa Bataineh circular to the customs duty to abide by the decision of the Iraqi government to extend the provisions of the cabinet decision on the prevention of import cars for a year that the prohibition applies to cars under the date of manufacture in 2005 and requested that the organization issued a statement Batainah T. customs to Iraq cars less from the date of manufacture in 2005.

He said that the Iraqi decision issued as of last month, He pointed out that contacts are underway with the Iraqi side to open the door to allow the import of cars from 2004 models until the end of this year, pointing out that there are no outstanding cars on the Jordanian side or the limits by the decision.

The Iraqi side of border have returned since the days of some trucks carrying cars exported to the Iraqi market, the models mentioned in the resolution.

The source pointed out that the border with the arrival of the government memorandum clarification resolution was sent immediately to the Jordanian, He pointed out that their cadre began to prevent the introduction of cars covered by the resolution after having been informed orally extend the ban again and coverage of cars imported from abroad this resolution.

On the other hand, the Vice-President of the Jordanian Free Zones Investors Nabil Rumman by the Iraqi authorities to re-fleet of tankers shipping cars model 2005 onwards without having been completed customs data out of the area where the free traders surprised by the car from the Iraqi border in the absence of pw prior to the co-operation of prevention.

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Source : The Iraqi Media Network southern region. - 12/10/2006
The trade exchange outlet in the Safwan border increase in the volume of normal rates, attributed Mr. Khalid Zeidi director general of performing the reasons for this increase to the expansion in the size of the supply of goods for the benefit of the ministries of the State in line with the orientations of the government on the import of materials used in the process of building infrastructure -3 e of the country is expected to continue to import ratios rates rise during the next two months and explained : imported materials that are exempt from registration Alkamrki include all building materials and electrical power generators and water purification plants to the production of cars and tourist saloon cars imported specially for municipal services and the reform of the electric power networks.
He added : The rates of import rose to more than 300 trucks per day and that the entry to the performing conducted under the plan has been prepared by the coordinator of the Green Zone, on revenues of customs duties in the performing stated that the fees of third-exempt materials Kamrkia rose as other about three million dinars per day Mek Arne previous months and the total amount of fees updates estimated seven billion dinars per month, is deposited in the accounts of the Ministry of Finance as the authority conferred by the act.

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Source : The Iraqi Media Network southern region. - 12/10/2006
Take the issue of foreign investments in Iraq several tendencies and diverging viewpoints and then distributed between supporters and opponents and conservative. In this connection, says Dr. Sabri Al-Saadi, an economist Zair Iraqi that there are flaws in the understanding of the issue of foreign investments in Iraq. And they want parasitic feeding on Iraq's funds and bring their money with them. Al-Saadi said in a recent study published (the contemporary conflicts), a U.S. research centers, which provide advice to the Supreme decisions makers in the United States of America (the recovery of individual and public freedoms and the enjoyment of democracy and the eradication of terrorism in Iraq. coupled with the success achieved in the economic reconstruction and reducing unemployment and ending poverty and achieving social justice standards of health and education services and social security. they also stressed that the success of the new Iraqi state leaders need to have comprehensive national vision, and in particular the strategic and economic policies).
He added that the abundant oil resources are the property of all it is the right of future generations as well, the authority may not ruling parties, whatever their identity compromised without the expense or use as a political, economic or financial interests of the service. And comes the publication of the study in an attempt to offer an economic point of view the Independent National against the national development strategy for the period from 2005-2007 government, , as well as to discuss economic strategy of America contained in the national strategy for victory in Iraq, which President Bush announced in early December 2005 and the latter finds that the financial resources currently available sufficient oil even with the continuation of oil production and export Bamadlath current and confirmation of officials and politicians and with the American administration on the grounds that the scarcity of material and financial resources for the continuation of terrorism in the country is the main problem in the economic failure blatant fallacy. In his opinion the current economic problems arising from the inability of the strategic and economic policies, financial and monetary America to adapt to the reality in Iraq. It misconduct petroleum resources Assembly, which was one of the main reasons for the cycle of political chaos and violence and the spread of crime and administrative corruption.

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Chamber of Commerce and Industry of Kuwait coordinated with the Federation of Chambers of Iraq to facilitate the entry of Iraqi businessmen to Kuwait
Director General met with President of the Chamber of Basra
Source : Kuwaiti homeland - 11/10/2006
The Director of the Chamber of Commerce and Industry, Kuwait Alharon Ahmed Rashid in his office yesterday morning, Sudanese President Hassan Makki Chamber of Commerce Basra accompanied by a number of members of the Governing Council attended the meeting Emad Abdullah Al-Zaid, assistant manager of the Department of Commerce Trade and Industry Chamber of Kuwait.
During the meeting, and discuss the strengthening of bilateral relations between the chambers in the administrative and technical aspects and the exchange of information, The Alharon ready Chamber of Commerce and Industry of Kuwait to provide any technical and administrative support needed Chamber of Commerce Basra, also during the meeting was to identify opportunities for investment.
Alharon He added that the Chamber of Commerce and Industry of Kuwait since the period and in coordination with the Federation of Iraqi Chambers of facilitating the entry of Iraqi businessmen to Kuwait through extraction feature entry to meet with businessmen in order to activate the Kuwaitis and increased trade between the two countries.
At the end of the meeting the delegation's guest Alharon Business Guide and the Guide to the most important laws governing trade with Kuwait.

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Originally Posted by kiko

Hi everyone, exciting times have begun.

I mailed the Warka about the FIL yesterday, this is their reply:

Dear Kiko,

Thank you for choosing our bank and we look forward in assisting you with all your financial and investment requirements in Iraq by providing you with our very best services and customer care.

We are really happy that the investment law has been passed this will benefit all the parties concerned serving our foreign clients best interests. This law will help in the further development of our country’s infrastructure and boost the economy

The foreign investment law has been passed and will be implemented within a month. Its working procedures are being finalized and the instructions and full details will be issued within a month.

Best regards,

ISX Dept


Well, within a month can be also 7-10 days like Adster mentioned before.

I am feeling good and wait for more information after the press conference!!

Ok.. I am disappointed we didn't get anything addressing the rv... but in reading Kikos response from Warka... this is positive and official ..not just hopeful thinking..
they said.."We are really happy that the investment law has been passed this will benefit all the parties concerned serving our foreign clients best interests."

So I am going to go let off some anxiety... do something fun today and re-program my anticipation for alittle longer.. ez :)

Humm . . . let's say they r/v @ .33 / that would pay the teachers approx. US$65K [that's approx. what we pay our first year teachers here in the PA main line suburbs] . . .

I know that isn't gonna make the Kurds happy . . . I'll check with Indira's fam to see if they've heard anything re: this rate . . .

As for us investors, It ain't a bad starting point . . . I think we all agree it *should* go up . . .

And if you want to cash in @ US$330,000 per million . . . that ain't to bad either . . .

Best . . . RR

Sure we'd all take it at that rate. We just need to get this moving. Yes IF it revals at .33 then in time it will go up, it must do. I'd settle for offloading a million or 2 at this rate and sitting on the rest.

Most important issue is getting it done asap!

Remember, it was only 4 years ago it was at the above rate.....


Historic Exchange Rates

This on IIF. Chins up folks.

Warka says...
They should be re-trading (their word) in the next two weeks. Be well. Lance

Originally Posted by Adster

This on IIF. Chins up folks.

Warka says...
They should be re-trading (their word) in the next two weeks. Be well. Lance

Awesome news Adam. I currently hold "0" Warka and have been including them on my pick lists since July in hopes of getting lucky with them starting to trade again. I hope they do. Come on Warka!!!

You know the territories law that just past. Well in the past when I read that it was saying. That they would be dividing Iraq into three different states. I was just watching CNN and they were saying along with the Iraqis. That it will be actual countries! So the big question is, will they have different currencies? We need to find this out!!!!!!!!!!!!!