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

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President clears confusion over holidays
Gulfnews: President clears confusion over holidays

10/19/2006 12:37 AM | WAM



Abu Dhabi: Public sector employees will get a four-day Eid Al Fitr holiday if the first day of Eid falls on Monday, October 23, according to a ministerial decision.

In line with the directives of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, the Ministry of Governmental Sector Development announced in a circular issued yesterday that Thursday, October 26, would be added to the regular three-day holiday, if Eid Al Fitr falls on Monday.

However, if Eid falls on Sunday, government employees will get a three-day holiday, from Sunday, October 22 to Tuesday, October 24.

Sultan Bin Saeed Al Mansouri, Minister of Governmental Sector Development, announced that Ramadan 29 and 30 have also been declared a public holiday, according to Cabinet decision 102/29 for 2002.

The ministry expressed, on behalf of all employees and workers of the federal ministries and departments, deep gratitude and thanks to Shaikh Khalifa and His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, for the gesture.

Kuna site|Story page|Turkish PM in intensive care ...10/17/2006

Originally Posted by day dreamer

مسمّي.However, the diplomatic community and the Turkish media is still not persuaded by this argument because the storm could postpone the visit day or half a day, not for an indefinite period.
وعليه فقد بدأت الصحف التركية تتحدث عن جملة من الاحتمالات الكامنة وراء الإلغاء المفاجئ لتلك الزيارة التي كان من المقرّر إجراؤها قبل أمس الإثنين لتنتهي أمس الاول الثلاثاء.The Turkish press has begun talking about a number of possibilities behind the abrupt cancellation of the visit, which was scheduled to take place before the end of yesterday, Monday, Tuesday, the day before yesterday
You would think that Turkey would know that their pm was in intensive care and not question this then.

Turkish PM in intensive care

POL-TURKEY-PM-HOSPITAL
Turkish PM in intensive care

ISTANBUL, Oct 17 (KUNA) -- Turkish Prime Minister, Recep Tayyip Erdogan, has been placed in an intensive care unit at a Turkish hospital for low blood pressure.
Turkish television has interupted regular programming to follow the Premier's health.

A spokesperson for the Prime Minister gave a brief statement to reporters saying Erdogan is in a stable condition.

Deputy Prime Minister and Minister of Foreign Affairs, Abdullah Gul told reporters, there's no reason to worry about Erdogan.

MP's of Erdogan's Justice and Development Party cancelled their meeting upon hearing the news to head to the hospital. (end) ta.

go
KUNA 171235 Oct 06NNNN

Originally Posted by nventr

I just tried [url=http://www.cbiraq.com and the site that came up was [url=http://www.portaliraq.com/iraq-dinar-fw.php]. Puzzling!!

Why would you try that address? that is not the address for the central bank.

JP Morgan posts $3.3b net income
Gulfnews: JP Morgan posts $3.3b net income

10/18/2006 10:15 PM | Reuters



St. Louis : JPMorgan Chase & Co, the third largest US bank, said yesterday quarterly net income rose sharply on record investment banking fees and strong gains from bond underwriting and loan syndications.

Investment banking fees hit a record $1.4 billion, up 44 per cent. While its pipeline for mergers and acquisitions remained strong, chief financial officer Mike Cavanagh stop-ped short of predicting another record in the current quarter.

"It's hard to predict our realisation (of fees) will run quite as high as it has been," he told reporters.

The stock fell nearly two per cent in early trading and was among the most active issues on the New York Stock Exchange.

Third-quarter net income rose to $3.3 billion, or 92 cents a diluted share, from $2.5 billion, or 71 cents a diluted share, in the year-earlier period, when it took a charge of $248 million, or seven cents a share, related to Hurricane Katrina.

Analysts, on average, looked for JPMorgan to earn 86 cents a share before one-time items, according to Reuters Estimates.

Net revenue increased eight per cent to $15.4 billion.

Over the last year, JPMorgan has squeezed out higher profits despite declining mortgage originations, a slowdown in credit card growth and charges from large acquisitions, such as Bank One Corp.

Prudential Equity Analyst Michael Mayo said its traditional banking business reflected the challenges of tough competition and an inverted yield curve, or when short-term interest rates are higher than long-term rates.

Mayo said credit cards, mortgage, auto and commercial banking showed flat to down revenue.

The New York-based bank's acquisition of energy assets after the meltdown of hedge fund Amaranth Advisors LLC helped boost results at its commodities business, Cavanagh said.

Investment banking fees were driven by debt underwriting and fees from merger and acquisition advice.

Deal highlights in the quarter included advising on the leveraged buyout of HCA Inc and being joint bookrunner on Russian state-owned oil firm Rosneft's $10.8 billion initial public offering.

Total investment banking revenue rose five per cent to $4.7 billion. Net income fell nine per cent to $976 million because of higher compensation expenses and a larger provision for credit losses.

Originally Posted by CharmedPiper

Intentional or unintentional.....is the question....especially with the ICI meeting today.

PRECISELY!!!

Originally Posted by Treater

I wonder if the soldiers in Iraq are allowed to use the internet? Has anyone posted from Iraq since CBI went down? I have not noticed anyone on any of the forums from Iraq since CBI went "off the air". Have you?

I've gotten an email from a friend of mine in Iraq since the CBI went down, so they don't have a comm blackout going on. When I was there, the only time we had comm blackouts was with the death of a soldier, until the families were notified.

Any banking activity this morning in Iraq??

Originally Posted by nventr

Any banking activity this morning in Iraq??

<sounds of crickets chirping>

MENAFN - Middle East North Africa . Financial Network News: Iraqis Hope to Reconcile at Makkah Meet

Iraqis Hope to Reconcile at Makkah Meet

Arab News - 19/10/2006

JEDDAH, 19 October 2006 ? Preparations are under way for the meeting tomorrow between senior Iraqi Sunni and Shiite religious scholars at the Al-Safa Palace overlooking the Grand Mosque in Makkah.

The meeting is set to take place after Taraweeh prayers and is aimed at adopting a formal reconciliation document that calls for ending sectarian violence in Iraq.

The "Makkah Al-Mukarramah Document" will be proclaimed during the last days of the blessed month of Ramadan with the participation of senior Muslim scholars and authorities from Iraq. A press conference will be held after the signing of the document.

The Organization of the Islamic Conference (OIC), which initiated this reconciliation effort, is flying Iraqi delegation members and a media team from Amman to Jeddah today.

Iraqi Shiite and Sunni religious leaders have been in Makkah for most of the week trying to find a way to halt sectarian violence that is threatening to escalate into an all-out civil war. Key leaders of Iraq's Shiite majority community have given their blessings to the meeting hosted by Saudi Arabia but analysts voiced skepticism about its chances of influencing the sectarian death squads at work in Iraq.

Gathering under the auspices of the 57-member OIC, the summiteers will work from a 10-point text that draws on verses of the Qur'an and sayings of the Prophet Muhammad (pbuh) highlighting that "spilling Muslim blood is forbidden."

The text also calls for safeguarding the two communities' holy places, defending the unity and territorial integrity of Iraq and the release of "all innocent detainees."

An OIC spokesman said the summit was "not a conference or a forum or a venue for negotiations." Rather, "it is a meeting of the Marjaya (Shiite religious authorities) and Sunni ulema to anoint the document, which will be distributed to Iraqis and publicized in the media. "This initiative aims to quell religious conflict and does not profess to reconcile the protagonists," he added.

The delegates are expected to include the heads of Iraq's two religious endowment organizations and a number of leading religious leaders from both sides.

Sources would not name the Iraqi religious scholars who would be attending but assured that they are senior and influential members of both religious sects.

Iraqi Prime Minister Nuri Al-Maliki said he hoped the talks would boost his Shiite-led government's national reconciliation efforts.

"We pin hopes on every step made by people who care for the interest of Iraq and condemn the terror acts in Iraq," he said.

Shiite spiritual leader Grand Ayatollah Ali Al-Sistani said: "We support this conference and wish it success."

Shiite leader Moqtada Sadr, whose Mahdi Army militia US commanders accuse of carrying out much of the killing from the Shiite side, said: "I support all conferences that go in line with the interests of Iraq, though I would have preferred it to be held in Iraq."

But Iraqi academic Dhargham Abdullah Al-Dabbagh predicted the summit would fall flat.

"Of course, the Saudis' intentions are good, but the meeting is bound to fail. It will have no impact on the ground," said Dabbagh, a diplomat under the regime of Saddam Hussein who nonetheless spent 16 years in jail.

Whether the meeting will be successful in ending the bloodshed is up to the Iraqis, "but at least we at the OIC tried and the meeting is an initiative that was not attempted before by anyone else," said the source.

The document calls on every Iraqi to cease infighting and to abide by Islamic principles regarding inter-Muslim violence.

"This is a message that should reach every Iraqi citizen," said OIC Secretary-General Ekmeleddin Ihsanoglu.

The OIC says that the call for reconciliation would be given the broadest possible circulation, to be endorsed and confirmed publicly by all religious bodies, and broadcast and print media.

Preparatory meetings to formulate the reconciliation document were held at the headquarters of the International Islamic Fiqh Academy in Jeddah earlier this month. The Iraqi delegation that participated in the preparatory meeting represented Sunni and Shiite religious scholars. It comprised Sheikh Jalaludeen Al-Saghir, Sheikh Salah Abdul Razaq, Sheikh Abdul Satar Abdul Jabbar Abbas and Sheikh Mahmoud Al-Samidai.

Good morning you all!

Great post everyone thanks for that.

Good find Charmed, I also read it couldn't find it though. We have everything in place for a RV.

Today could be the BIG Day and I hope it will be.

I think they will discuss in the meeting of today if they are telling the Rolclub first or the Iraqi people!!!

I don't care just RV and make this Dinar a Bless for everyone ASAP!!!