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

US Dollar Index - Real-Time Currency Trading Charts from FXTRek for Forex Trading

the chart on eur/iqd has gone up and down like a yoyo today god my head hurts now any thoughts cause it is live tracking on the forex

Originally Posted by Adster

And in response to 'whipping our butts', you're having a facking laugh!. :0)

Just remember to keep your mouth closed when your face hits the sand!

Originally Posted by bigjase1

what time does the cbi normally open?????????

10am Bagdad time is around when they post.

Originally Posted by bigjase1

US Dollar Index - Real-Time Currency Trading Charts from FXTRek for Forex Trading

the chart on eur/iqd has gone up and down like a yoyo today god my head hurts now any thoughts cause it is live tracking on the forex

WOW - maybe they RV and they are letting the Countries cash in OR the big corporation do their thing first - then let us small folks get in on it. But never seen that chart look like that in ONE DAY hmmmmmmm

Originally Posted by choochie

Just remember to keep your mouth closed when your face hits the sand!

Fortunately, I'm the quiet shy type that says very little, loadsa lol, so a closed mouth is a regular thing!!

Iraq's premier in talks with key Shiite
28 minutes ago

NAJAF, Iraq - Prime Minister Nouri al-Maliki consulted with Iraq's Shiite spiritual leader and a radical, anti-U.S. cleric Wednesday in a bid to enlist support for efforts to build political consensus and tackle widening sectarian violence.

Al-Maliki's call on Grand Ayatollah Ali al-Sistani and Muqtada al-Sadr came as the Shiite prime minister faces growing U.S. pressure to show more resolve in dealing with the daily carnage of sectarian bombings and attacks.

"I came (to see al-Sistani) so that the security and political situation can be stabilized, allowing the government to turn its attention to reconstruction," al-Maliki told reporters after his meeting with al-Sistani in the holy city of Najaf.

Al-Maliki, whose more than four months in office have seen a marked deterioration in security, also sought to project the independence of his government from perceived U.S. influence.

"The Iraqi government is a government of national unity that came to power through the will of the Iraqi people," he said. "The Iraqi people are the only authorized party that can remove this government or allow it to continue."

Al-Sistani, who usually shuns the media, had no immediate comment, but the visit underscored the influence wielded by Iraq's top Shiite cleric on the government.

Following a meeting between the two men in July, the Iranian-born al-Sistani issued a strongly worded statement that upbraided al-Maliki's government for its failure to provide security and services and fight corruption.

President Bush assured al-Maliki in a telephone conversation Monday that he has no plans to pull troops out of Iraq and told him to ignore rumors the United States intended to enforce a deadline for Baghdad to rein in sectarian violence.

Al-Maliki told Bush he was concerned because he had been hearing that the United States was giving him just two months to establishment a government capable of operating without U.S. help, according to White House spokesman Tony Snow

Snow said it was not clear where the two-month deadline rumor had come from, although it appeared to reflect growing frustration in Congress and across the country about Al-Maliki's lack of progress.

Al-Maliki also called on al-Sadr, whose support was crucial to the prime minister's election to his job earlier this year.

Al-Sadr is the founder and leader of Iraq's most feared militia, the Mahdi Army, which is blamed for much of the sectarian violence in Iraq. His supporters, however, have 30 of parliament's 275 seats and are part of the Shiite alliance that won last December's general elections.

"We are in a very difficult security situation," al-Maliki said after his talks with al-Sadr. "It is constantly the concern that we carry to every meeting with the political and religious centers of power."

In comments to reporters, al-Sadr appeared to soften his opposition to plans by the Shiite bloc in parliament to introduce a federal system in Iraq that would allow provinces to join together in autonomous regions similar to the one established by the Kurds in northern Iraq in 1991.

Al-Sadr, like Sunni Arab politicians, had maintained that federalism could lead to the eventual breakup of Iraq.

But on Wednesday he said the decision should be left to the Iraqi people to make.

"Federalism, like anything else, is left up to the Iraqi people. If they approve it, then there should be no problem," he said after meeting al-Maliki in Najaf.

Al-Maliki's talks with al-Sistani and al-Sadr in Najaf coincided with the announcement in Baghdad earlier Wednesday that a much-anticipated national reconciliation conference would be start in the Iraqi capital Nov. 4.

The conference, which was originally scheduled to start this Friday, is designed to try and build a political consensus to deal with the country's deepening economic and security woes.

http://news.yahoo.com/s/ap/20061018...a/iraq_politics

Keeping Gulf currencies pegged to dollar makes sense
Published: 10/19/2006


Dubai: Shaikh Ahmad Bin Mohammad Al Khalifa, Bahraini Minister of Fin-ance, believes "it makes sense for the GCC to peg its currencies to the dollar since the oil market is priced in dollars".

The comment came in an exclusive interview featured in the UK-based publishing, research and consultancy service Oxford Business Group's (OBG) - second comprehensive economic, business and political review publication, Emerging Bahrain 2006.

Talking of the challenges that lay ahead on the road to the single currency he said that "the advantages outweigh the challenges. We are already linked to the US dollar and in Bahrain you can use all currencies in stores.

"But the implications go far beyond the basic trade. It will open the regional market and ease the flow of investment and capital. We are watching Europe's experience, and we think we can mirror that here".

Shaikh Ahmad also commented that Bahrain's diversification strategy has created a thriving economy for the island kingdom. "Financial services today are more important than oil in GDP, which is a major achievement. There is increased activity in communications, which we liberalised, and the Economic Development Board (EDB) is looking at tourism, logistics, healthcare, education and so on, so this diversification will continue."

Over 200 interviews were conducted with various heads of industry and government ministers, and compiled by a team of seasoned analysts based on the ground for six months in partnership with the Economic Development Board of Bahrain, a dynamic government agency responsible for formulating and overseeing the economic development strategy for Bahrain.

"The standard of interviewees have made 'Emerging Bahrain 2006' the most comprehensive resource for any party interested in the extensive investment opportunities available in Bahrain to date," said Andrew Jeffreys, Editor-in-Chief of Oxford Business Group's Emerging Markets series.

"The new initiatives being implemented and the economic and social freedoms that Bahrain enjoys will ensure that the kingdom can look forward to continued growth."

Gulfnews: Keeping Gulf currencies pegged to dollar makes sense

Originally Posted by Adster

WWWWWOOOOOOTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT TTTTTTT
We're gonna be ricccchhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!!

This is a plain-language explanation of the Foreign Investment Law.
http://www.edinarfinancial.net/news...&nm=&ny=&nn=414

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.

WOoT!!!!!!!!!!!!!!!!!

OK, I GIVE UP, IM STILL 30 PAGES DOWN AND I KEEP READING BUT YOU PEOPLE KEEP ADDING AT THE END.

if i didnt have a bazillion posts to read about IT i would probably be done already. can that subject be discussed in a different thread???

Iraq seeks return of Chinese oil firms

Thursday, October 19, 2006

Iraqi oil officials may visit China, the world's second-largest oil consumer, signaling efforts to revive exploration contracts the two countries signed when Saddam Hussein was in power.
Iraqi officials are expected to meet "soon" with Chinese government representatives, said Zhang Zheng, Beijing-based spokesman at China Petrochemical Corp. He would not confirm the timing of the visit or whether Sinopec Group, as China's second-biggest oil company is known, will join the talks.

Agreements that Sinopec Group and bigger rival China National Petroleum Corp had to develop Iraqi oil fields were halted by the US invasion in 2003 and the conflict that followed.

Chinese companies plan to drill for oil in Iraq, which holds the world's third-largest proven oil reserves, the official China Oil News reported Wednesday, citing Dathar Al Khashab, general manager of Iraq's Midland Refineries.

China was approached after US companies refused to work in Iraq, Al Khashab was cited as saying. Chinese companies have dismissed security threats, he said, without giving details.

Chinese oil companies signed contracts valued at US$700 million (HK$5.46 billion) in 2000 to develop the Al-Ahdab and Al-Qorna oil fields in southern Iraq.

China's government supports a return by the nation's oil companies to Iraq, an official said Wednesday.

"We welcome cooperation between Chinese oil companies and other countries in the energy field," Zhang Yuqing, deputy director of the energy bureau at the National Development and Reform Commission, said at a briefing in Beijing, adding that Beijing would not interfere in any agreements. BLOOMBERG

The Standard - China's Business Newspaper

Ummm...Adster....I wouldn't be so sure...sounds like Tiff and Chooch can handle business...and I happen to be a merchant marine (commercial sailor)...heavy drinking is a condition of employment!!! (I have been both the one on the left AND the one on the right...but never on the same night!!!)

Originally Posted by Dr. Mike

I really don't know. I just went there to see if I could find any info and report. I don't know if it is true or false. Copper15 is a decent guy.

lmao,,, thanks for the laugh.

last i checked doin midgets doin donkeys wasnt in my list of decent things to partake in but things must have changed.