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

I know I try to read into all of these occurences but, the one thing my husband reminded me of (he just returned from serving 14 months in Tikrit with the Army) is that Iraq does things differently than we do....we all may get the same end result but what we think is a practical way of handling something like they should of put up an under construction on the down website or something like that, that they do things differently...also...I was telling him about the military or supposed military that were posting BS last night. He said to be honest if somebody knows a native there they would be his best bet for a source only because, when he was there he was a company 1SG and had 2 interpretters with him all the time and he treated his Iraqi counterparts with respect and the civilians with respect. His unit was responsible for carrying out raids based on tips from locals and alot did not want to talk...still afraid of insurgents. So...my guess would be RR's (Indira) she is a native and RR has local ties....some military may have really good inside info but my bet is on a local if you can get it.

Originally Posted by D-Day

According to a Noozz.com editorial placed today, Iraq's Oil Minister says they are at 3M bpd. Thought I'd let everyone know...

18 October 2006 (MENAFN)

According to Iraq's oil minister, the rates of producing the Iraqi crude oil have been increased to 2.86 million barrels per day (bpd) from the northern and southern oil fields, Al-Sabah reported.

The rates of the daily exporting energy for last month reached 2 millions and 620,000 (bpd), he added.
In the meantime, three world companies have expressed their readiness to initiate in works of building Koia refinery in the northern region, which is estimated to cost more than $700 millions.

Moreover, The Oil Minister will be heading to Australia, Japan and China to make talks with their officials, in order to intensify the joint cooperation in the domain of upgrading the Iraqi oil industry.

Iraq's production of crude oil reaches 3 million bpd | Iraq Updates

Hashemi urges reconciliation to end bloodshed, lashes out at flagrant foreign meddling in Iraqi affairs.
AMMAN, 18 October 2006 (Middle East Online)

Iraqi Vice President Tareq al-Hashemi on Wednesday denied his violence-battered country was in the throes of civil war, insisting however that reconciliation was a must to end the bloodshed.

"I don't think that what is happening now in Iraq is civil war," Hashemi said at a joint press conference in Amman with Jordanian Prime Minister Maaruf Bakhit.

"There is bloodshed and sectarian tensions and innocent people are being killed but we are not in a civil war," Hashemi said before heading into talks with King Abdullah II.

Asked about solutions to end the spiral of violence between Sunni and Shiite death squads, he said: "Reconciliation, goodwill, and strong determination."

Hashemi admitted that Prime Minister Nuri al-Maliki was facing a "difficult situation" in his effort to restore law and order across Iraq.

"The mission is not easy. Maliki is in a difficult situation but I think Maliki will succeed in the end," Hashemi said.

Asked if the presence of US-led forces was part of the problem facing Iraq, he replied: "It depends on their behaviour. It can be part of the problem, it can be part of the solution."

He said the foreign forces were "needed for the time being although they must obey the decisions of the Iraqi authorities", adding that a timetable for withdrawal "is much needed".

On Tuesday Maliki renewed a pledge to fight armed groups in Iraq "by all political or military means", after more than 60 people were killed in a sectarian bloodbath between Sunni and Shiite rivals in Balad, northern Iraq.

Hashemi renewed Iraqi accusations of "flagrant foreign intervention in Iraqi affairs" but said rival factions "must see the importance of sitting at a table of negotiations with either American or Iraqi forces".

"Enough of this bloodshed and this violence," he said.

The Jordanian prime minister renewed Amman's full support for reconciliation efforts.

"We wish to see all the factions of the Iraqi people achieve reconciliation in such a way as to guarantee the unity of Iraq," Bakhit said.

Iraqi VP denies Iraq is in civil war | Iraq Updates

[quote=robinhoodof sherwoodpark;122534]

Originally Posted by readytogo

I could be wrong on this, but I believe once they take your money and give you a receipt it is considered accepted.[/QUOT

O yes, that's the way I was told as well....At the time of ordering the bank phones in the order & get's the price @ that time . You pay for it then & pick up the Dinar when it arrives @ the bank,,,simple as that...

Yes, but, nobody has been able to call in the last two days to get a price. Unless they are quoting stock they already have.

18 October 2006 (Al-Bayan)

The new investment law grants a large number of concessions to foreign investors, such as the power to purchase shares and management of investment portfolios. It also provided the establishment of a national board for investment, and grant investment projects tax exemptions up to 15 years.

The amended draft of the investment law, which was approved at, included 36 articles. They provided the formation of a body called "National Board for Investment" which has a moral character represented by its chairman or whoever he entitles. The Board will be responsible for forming the national policy for investment, designing plans and regulations as well as monitoring their application in the field of investment.

The Board will be specialized in investment projects that have a federal nature, administered by a board of directors composed of nine members, who are university professors, and the Cabinet will nominate its chairman and gives him the rank of minister and deputy chairman with the rank of Under-Secretary for five years, ratified by the Parliament. The Prime Minister will also appoint four general directors from among the nine members. The Law grants Parliament the right to discharge the chairman of the Board or his deputy at the request of the Prime Minister. The Center of the Board will be in Baghdad and appoint representatives in other regions and governorates.

The Law also grants the regions and provinces, joined in federation or not, the right to compose investment bodies within their territories that have the right to grant investment licenses, encourage investment and open branches in areas under their control" within the regulations of this law", in consultation with the National Board for Investment to ensure that all requirements are legal. The regional and provincial bodies will be made up of seven members, including the chairman and his deputy. Regional and provincial bodies will coordinate work with the National Board for Investment in consultation with local governments, regarding investment plans and facilities.

The Law states: "The Board will accept requests for clearance of investment projects whose capitals are not less than the minimum limit established by the Cabinet or the regional council of ministers; how ever, in case the value of the project exceeds 150 million dollars, the approval of the Cabinet is required". The Board will look into applications of projects licenses within a period of not more than 45 days from the date of submitting the application. The Board will have its own independent annual budget allocated to it from the State budget.

The law defined the Board's objectives by: "encouraging investment through the strengthening of confidence in the investment environment, defining investment opportunities, motivating investment, simplifying the procedures of registration and acquiring investment licenses as well as watching for existing projects and give them priority to be completed, in coordination with official bodies".

Other functions of the Board are "completing the procedures of answering requests for investors and obtain the necessary approvals for the investor and the project, establishing a single window at the National Board for Investment and other regions and provinces comprising delegates accredited by the ministries and members nominated by provincial and district councils according to the conditions and relevant authorities. Also, granting licenses and obtain approvals from other parties in accordance with the law, in addition to providing advice to investors and develop programs to promote investment in the different regions of Iraq to attract investors" , as well as facilitate the allocation of land and rent it for setting up projects in return for a sum determined by the Board in accordance with the relevant authorities, in addition to working on the establishment of safe and free investment areas with the consent of the Cabinet".

The Law further provides that the Board "facilities and grants loans to Iraqi investors on condition they operate manpower commensurate with the size of the loan value". "The investor enjoys all benefits and guarantees and submits to obligations contained in this Law regardless of his nationality. Iraqi and foreign investor has the right to possess land for the purposes of housing projects without speculating it, according to rules set by the Board and with the consent of the Cabinet. The ownership of the housing units may be given to Iraqis after the completion of the project. According to this law, the investor will enjoy the privileges of taking out the capital that he brought into Iraq along with its profits, according to the instructions of the Central Bank after paying all of his obligations".

The law also gives foreign investors the right to" trade in the markets of securities, stocks and bonds, in addition to the composition of investment portfolios in stocks and bonds, as well as leases land for projects as long as the investment project exists but for not more than 50 years, renewable according to the approval of the Board". Foreign investors will also be given the right to insure their projects in insurance companies, and open accounts in Iraqi or foreign currency in different branches of banks in or outside Iraq.

The law ensures that the priority of recruitment and use of employees is for Iraqis, in addition to granting foreign investors and employees, in investment projects, the right of abode in Iraq and facilitate their entry and exit to and from Iraq. Also, ensuring that the project will not be confiscated or nationalized except what comes in a judicial sentence. According to the law "The investor will have commitments; for he will have to notify in writing the board of the region or province immediately after the completion of the installation of the project and the date of starting the commercial work, in addition to briefing the Board with documents, records and a feasibility study if requested".

"The project licensed by the Board will get exemption from taxes and duties for 10 years from the date of operating it according to the developed areas identified by the Cabinet. The years of exemption will increase up to 15 years if an Iraqi investor contributes in the project by 50%".

"The imported materials for the licensed investment projects will be exempted from customs duties for 3 years from the date of granting the investment license. Also, exempt materials imported for the purpose of expanding projects of fees on condition of entering the country within a period of less than three years from the date of notifying the Board of the expansion of the project, and exempt spare parts imported for the project from charges on condition that their value does not exceed 20% of the value of the existing materials on condition that the investor will not use them for purposes other than that for which they were imported".

The law gave" projects of hotels, tourism establishments, hospitals and health institutions, rehabilitation centers and educational institutions the right to import furniture, furnishings and supplies for renewal once every four years to be used in the project. If it is proved that any of these imported materials, which are exempt from customs, were illegally sold, the investor will have to pay fees and taxes, consequently". The Law includes rules to settle the disputes on projects and their financing methods and Iraqi laws will be applied to them, in addition to explaining the legal procedures for the granting licenses to a project.

Tax exemptions for investment projects in Iraq | Iraq Updates

[QUOTE=robinhoodof sherwoodpark;122534]

Originally Posted by readytogo

I could be wrong on this, but I believe once they take your money and give you a receipt it is considered accepted.[/QUOT

O yes, that's the way I was told as well....At the time of ordering the bank phones in the order & get's the price @ that time . You pay for it then & pick up the Dinar when it arrives @ the bank,,,simple as that...

Bad thing about that is all they have to say is "Sorry we couldn't get it...Here's your money back"

Originally Posted by spice12

Everything is cool in the French Quarter. It did not flood. If you're going there, try to stay at a hotel in the quarter like the Royal Sonesta. The rest of New Orleans is what's screwed. You should take a drive. You'll be shocked at the devastation. It will be a long time before its all cleared out.

cheers.

When the RV happens, I'm going somewhere else.

They should have knocked down the remaining levees and dikes and let that huge fresh water lake and the Gulf of Mexico reclaim all of New Orleans as their own!! Then, take all of that FEMA money and construct a brand new New Orleans in the Nevada desert outside of Las Vegas where it is not below sea level. I would move there in a heartbeat!!

Just checked the Iraqi Dinar Exchange rate on the SAXO bamk site...YSDIQD...1469.2.... FYIM

Originally Posted by MrsCK

I've been on since 5:00am Texas time and she has not posted - must be away or getting some rest.

Also Just went through a database of people, long story, but HUGE LOST BRAIN HERE - well in that database of people is people in Iraq - so now that I remember I still had that database - I have emailed everybody that is in Iraq.

Cross your fingers ONE REPLYS BACK with answers to my questions.

Cheers

Nice legwork MrsCK

A little off topic, but does anyone think the FIL being passed and the Dow Jones setting all time records could be related? I found a comment...."The stock market is being driven by the free movement of vast sums of money looking for the best profit opportunities around the world." Any thoughts?

Cheers!
DayDream