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

Originally Posted by goldraker

Yes, it is two words! That is about all I know..............

i think this yazzmen thing may be an error in translation wheres the original document in arabic?

وكالة الأنباء الكويتية (كونا)- صÙ�Ø*Ø© الخبر - ÙˆÙ�د تجاري عراقي يجري مباØ*ثات Ø*ول علاقات التعاون ال...23/10/2006

Iraqi trade delegation are talks about economic cooperation relations with Syria

Trade / Syria / Iraq / delegation Iraqi trade delegation are talks about economic cooperation relations with Syria

Damascus-10-22 (KUNA) -- a delegation from the Chamber of Industry and Trade under the chairmanship of Irbil Iraqi Chuan Abdel intimate today with the President of the Chamber of Textile Industry, the city of Aleppo in northern Syria, Mohammed Sabbagh Cherbati ways to strengthen and develop economic and trade relations between the two countries. The two ministers also discussed the relations between businessmen and investors in Syria, Iraq to set up joint ventures in various sectors and opening the doors of export between the two sides.

The Syrian side is ready Aleppo Industry Chamber to extend all possible to ensure the success of exhibition Middle East due to be held next month in Irbil in Iraq 0 For his part, between the head of the Iraqi delegation to Irbil is the gateway reconstruction of Iraq and rallying Many of the companies to invest in Iraqi cities, pointing out that the men Businessmen and investors from Syria, the most in this area 0 (the end)

I k KUNA 230935 GMT
Oak 06

TOKYO, 23 October 2006 (Associated Press)
Iraqi Oil Minister Hussain al-Shahristani arrived in Japan on Sunday for talks with officials aimed at strengthening energy cooperation between the two countries.

Al-Shahristani landed at Tokyo's international airport, Iraqi Embassy official Mohammed Obadiy said.

During his three-day visit, al-Shahristani is to exchange views with Japanese officials on how to strengthen cooperation in energy and also discuss the political and economic situation in Iraq, Japan's Foreign Ministry said in a statement.

Al-Shahristani was expected to meet with Trade Minister Akira Amari and Foreign Minister Taro Aso on Monday, according to ministry officials.


Iraq oil minister visits Japan for talks on strengthening energy cooperation | Iraq Updates

US Dollar USD 1470.000

Still at 1470, itś been set at this for over a week now I think ?

Is that good news do ya think..........

23 October 2006 (BBC News)

The Iraqi deputy prime minister will be told that Britain intends "to hold its nerve" in Iraq when he meets Tony Blair for talks on the country's security.

Downing Street has denied the PM will press Barham Salih for assurances that Iraqi forces can take over policing southern Iraq within a year.

Defence Secretary Des Browne has said he thinks Iraqi forces could be capable of taking full control in 12 months.

However, Number 10 insisted UK forces would stay until the job was done.

A spokesman said: "Obviously, there is a process of transition and handover going on.

"Obviously we want this process to go as quickly as possible, but we will stay until the job is done."

Careful analysis

He added: "The Prime Minister and Barham Salih will talk about the present situation in Iraq, but it is wrong to suggest that the prime minister is going to press him on an exit strategy."

Shadow Foreign Secretary William Hague has said the government should give MPs a "frank" assessment of the changing situation.

On Sunday he said: "Clearly things are not going as well as many of us hoped they would... we do need to learn from that."

He also said that the review going on in Washington should be mirrored by a "careful reassessment" in London.

Mr Browne's comments echoed those from Foreign Office Minister Kim Howells on Saturday that local forces should be able to take over within a year.

He said: "Others may describe when they think the Iraqi forces may be able to take over their responsibility... and I agree with them in terms of capacity."

Britain has about 7,000 troops stationed in southern Iraq around the second city of Basra.

Last week the head of the Army, General Sir Richard Dannatt, was quoted in the Daily Mail as saying British troops "exacerbated" Iraq's security problems and should withdraw "some time soon".

Mr Salih is also due to meet a number of business leaders during his visit to London and will also have talks with Foreign Secretary Margaret Beckett, who he previously met during her fact-finding visit to Baghdad last month.

We'll hold nerve, Blair to tell Iraq | Iraq Updates

23 October 2006 (Financial Times)

The prime minister of Iraqi Kurdistan hopes to clear up a year-long dispute with Baghdad over the control of oil resources in a forthcoming visit to Baghdad, when he will also tackle a budgetary dispute he claims has resulted in the region being shortchanged by as much as $500m.

"I hope after the Ramadan holiday festivities end [today] we will be visiting Baghdad and we will be able to solve that problem," Nechirvan Barzani, premier of the Kurdistan Regional Government (KRG), told the Financial Times. The demand adds to the mounting pressure on the government of Nouri al-Maliki, Iraqi prime minister, over security.

KRG officials condemned Baghdad at the end of last month, when the central government said it would not recognise contracts signed between their government and oil producers to develop new fields in the northern autonomous zone.

The dispute has the potential to delay development of new fields which the Kurds say could produce 200,000 to 300,000 barrels a day by the first half of next year, and up to 1m b/d thereafter.

The Kurds say Iraq's constitution approved in October 2005, gives them the right to develop new fields and, while they would like Baghdad's consent, they will go ahead without it. Mr Barzani said he would also attempt to solve another oil dispute, relating to the share of oil income the government is supposed to hand over as part of a revenue-sharing deal.

Iraq projected its budget for 2006 at $33bn (€26bn, £17bn) when the projected oil price was $26 a barrel, he said. "Of course the oil was sold at around $60, sometimes more . . Right now there is about $500m which is the share of the region and they don't give it."

Kurdish leader seeks deal over oil | Iraq Updates

22 October 2006 (BBC Monitoring)

Amendment on investment law

Al-Nasiri first asks Chalabi to evaluate the recent constitutional amendment on the Law on Investments. Chalabi says this law "will enable investors, both foreigners and Iraqis, to work in Iraq under a clear law, and this is necessary in order to encourage investors", noting that after it has been put into effect, many observations will be made on this law and it will be further amended in future sessions of the Council of Representatives. He says: "The only obstacle to investment is the security situation and the definition of the status of the Iraqi regions and their powers concerning issues pertaining to investment."

Chalabi says that he does not believe that the law will allow a "contradiction" between "the investment policy of Iraq as a whole and the investment policy in the Iraqi regions", noting that the investment boards in the regions will help attract investments and will urge the federal authorities to be more open to the investment issue. He says the Iraqi people should be allowed to express themselves and release their potential through economic activities without the hegemony of the central government, "whose duty at present is to defend the investor, prevent violations, and provide legal protection for the investor as well as the Iraqi people and consumers".

Deba'thification Commission

Asked about the Deba'thification Commission, which he heads, he says the Deba'thification Commission is "a necessary commission because the Ba'th Party was not an ordinary party but was a repressive organization". He says: "All the regime's repressive campaigns were led by armed units called the party's armed squads." He adds: "Therefore, the Deba'thification Commission was formed to uproot this repression and not to take revenge on Ba'thist individuals who were practicing this repression.

"The Deba'thification Commission has reinstated the Ba'thists in Iraqi government departments, with no questions asked, after Bremer expelled them in his decision issued in May 2003. Bremer's decision prevented any member of the Ba'th Party from working in the government. The Deba'thification Commission returned these members to work without questioning them. It concentrated on the higher echelons of the Ba'th Party, such as members of the divisions. They were dismissed from work but they were allowed to appeal these decisions. The Deba'thification Commission issued over 10,000 exceptions to enable these members to return. Moreover, the members of the divisions are allowed to have their pensions. Members of the branches were excluded. Now we are working to amend the Deba'thification Commission Law to make it more comprehensive and to bring those who were excluded back to work and into the Iraqi society. Measures against the members of the branches will be lenient to enable them to have their pensions and also to allow the members of the divisions to resume their work as general managers and above in Iraq.

"This is absolutely necessary in the Iraqi society because we had been in need of something to satisfy the victims of the Ba'th Party." He says everyone talks about the "poor individuals from the Ba'th Party who were excluded but nobody speaks about the victims who were killed by the Ba'th Party. What have the successive Iraqi governments done to the families of those who were buried in mass graves? Is there a day of remembrance for the victims of the mass graves as there is a day of remembrance for the Halabjah victims? No. What have we done to compensate them? We must know that the Iraqi people suffered from the Ba'th Party and Saddam Husayn. The previous governments have not done enough to compensate the victims of the Ba'th Party."

Chalabi says that a member of a Ba'th Party division during the Saddam rule was given a salary while in his job that was many times as much as his real salary, he says a teacher would be paid 60,000 dinars every month if he was a division member but an ordinary teacher would be paid 3,000 dinars. He says: "They had privileges at that time while their peers were deprived. Now the regime is changed and the Ba'th Party has fallen and the Iraqi people have been freed from the Saddam rule. What will an ordinary teacher say now if others are treated in the same way as he is treated and without any questioning?"

Chalabi says: "I believe that we have protected the lives of these Ba'th Party members because the Iraqi people felt that there was an official measure of accountability," noting that "we protected the Iraqi people and prevented indiscriminate acts of revenge".

He says many Ba'thists are still in government departments and adds: "One of the important ministries sent us a letter saying that they had 3,000 members of the [former] intelligence and security departments inside the ministry and that dismissing them en masse would create problems. We are working with the ministries and the ministers to alleviate the impact of this thing and we are proposing in the new law important lenient measures." He says only a few thousands of the Ba'thists have been affected and that the vast majority of the Ba'th Party members were not questioned. He cites the constitution as stipulating that a "citizen may not be tried just because he belonged to the Ba'th Party, and this is a great protection for the Ba'thists".

Federal system

Asked his opinion on the federal system in Iraq, he says the idea of a federation was raised by the Iraqi National Congress and became part of the Iraqi political lexicon at the party's conference in Salah al-Din in October 1992, and adds: "The idea came in order to unify Iraq. Many sides that doubted the federation idea are now demanding a federal system. He says the word federation is not mentioned in the Iraqi constitution. What is mentioned is a "Unionist State" [al-dawlah al-ittihadiyah]. He notes that those who drafted the constitution wanted an expression that stressed unity. He says: "Recognizing the special nature of the regions does not mean a division of Iraq. When we reassure the people in the regions that their fundamental beliefs, ideas, and rights are protected, they will look at Iraq as a homeland in which they enjoy what they aspire for without infringement on others."

Chalabi says: "In 1991, Saddam left the Kurdistan region. The regime withdrew and did not provide anything for the northern governorates, thinking that they would collapse and chaos would prevail and they would return to him." He says: "In Kurdistan now more than half of the people do not speak Arabic and you will find signboards on shops and buildings written in Kurdish and English. This was the result of the Saddam regime practices and the situation that prevailed in Kurdistan, which Saddam left and which he denied any Iraqi assistance and protection for 12 years. This was the result of his attitude. We are unifying Iraq through the unionist regime. The constitution makes the Kurdistan region an integral part of Iraq." He says the central government will be responsible for the borders, customs duties, national currency, foreign policy, and the defence of Iraq."

Chalabi says the Iraqi wealth; namely, oil and gas, will be owned by the Iraqi people in all governorates and regions. He says that it has been proven that "constitutionally we will be able to distribute in cash an important part of our oil wealth to the Iraqi people, and to enable the Iraqi people to own houses", noting that the Iraqi government owns most of the land in Iraq, almost 95 per cent, and it can provide plots of land for the Iraqis to live on.

Chalabi concludes by saying that he had suggested the establishment of a real estate corporation that would be able to give loans to the Iraqi people, arguing that this would end unemployment in Iraq, provide a great social service, and solve the housing problem.

Source: Al-Arabiya TV, Dubai

Iraq's Chalabi defends Deba'thification law - interview | Iraq Updates

Undersecretary of the Ministry of Finance spoke to Kamal visual «life» (Voice of Iraq) - 10-23-2006 | This issue was sent to a friend

Undersecretary of the Ministry of Finance spoke to Kamal visual «life» from inflation and the decline of purchasing power ... Iraq : the public sector is 580 thousand industrial workers and government support 480 million Dolarbsbb weak production Baghdad-Adel Mahdi life-23 / 10 / 06 / /

Najaf refinery, which opened in early this month. (AFP) Said Undersecretary of the Iraqi Ministry of Finance Kamal Al-Basri «life», The policy of economic reform required to reduce the financial allocations to support petroleum derivatives for the current year by half, to become a $ 200 million monthly. instead of 400 per month in 2005, This is based on the government's desire to reduce the subsidy gradually, and make prices consistent with the neighboring countries.

He disclosed that the scheme had been providing for the issuance of a presidential decree, summarized end the State monopoly for the import and sale of oil derivatives, and to allow the private sector to participate in the practice activity, but this has not taken place, The fuel crisis as it is.

He explained that the recent period of 2005, have stopped importing oil derivatives from Turkey, due to the irregular payment of financial dues of the Turkish side, what makes prices more than the regular market prices are not supported. As a result, the rate of domestic spending on oil derivatives, approximately 40% of the family income, according to the statistical survey of the city of Baghdad. conducted by the Central Bureau of Statistics this year.

He pointed out that the rate of inflation in the months of July (July) and father (August) two years 70%; , and 76.6%, respectively, reflected negatively on the Iraqi economy. The negative effects, a reduction in the purchasing power of individuals, as well as the decline in the real value of savings and deposits, especially if the inflation rate is higher than the rate of interest, what led to a decrease in the volume of investment in the national economy, and discourage the process of economic development.

He added that despite the government's support for importing oil derivatives, to meet the shortfall in production internally, the local market has been experiencing a big shortage in bridging the growing demand, because of the entry of a large number of cars imported by the private sector. The constant interruptions to electricity, increased use of generators that rely on the operation of these derivatives, as well as the suffering of the distribution sector major problems, The existence of administrative and financial corruption. These are all factors that contributed to the rise in the overall level of prices, , which impacted negatively on the food basket.

Inflation

He attributed the reasons for the high inflation rate to several factors other, the most important of the high prices and scarcity of oil derivatives, power outages, impedes the production of goods and services, The downsizing of the supply on the market. weak capacity of the government machinery in the implementation of projects services. as well as the deterioration of the security situation, which contributed to the irregular supply of goods and services. The weakness of the structure of GDP.

He pointed to the negative consequences resulting from the weakness of the banking system to attract cash. He said that the Central Bank of Iraq, In an attempt to curb inflation, the oldest recently to raise interest rates from 10 to 12%. Observers believe, This increase was unable to make any positive impact, They are unprofitable, Valtakl impact of inflation in the capital. more interest rate, Therefore, this policy is not sufficient to maintain the purchasing power of the Iraqi currency.

Unemployment

In analyzing the growing problem of unemployment. he said that the unemployment rate is 27-30%. although the majority of the workforce is in the services sector with marginal influence in the overall GDP, while they do not exceed 2% in the oil sector, the backbone of GDP.

He said that there are flaws in the structure of the Iraqi economy, In the industrial sector, public works 580 thousand, However, the weak production, push the government to support at $ 480 million, He pointed out that government support direct and indirect in the state budget constitutes about 80% of GDP. Therefore there is a clear imbalance between the sectors of production and services sectors.

He believed that dealing with the phenomenon of inflation come through steps including the stabilization of the security of confidence in the local market. and to address the scarcity of oil derivatives, by ending the monopoly of the State, and to allow the private sector to import. The increase of interest rates in general. have a role in collecting cash, It is an established procedure in many countries stable, However, the impact will not be significant, due to the lack of a tendency to save, The absence of investment opportunities that can be fed savings. The understanding of the rich prefer to transfer their capital abroad. Therefore it is hard to imagine that the rate of interest rate role, as long as the difference between the inflation rate significantly.

The rise in the value of the Iraqi currency against the dollar would reduce the value of imports, and raising the value of exports. As exports are negligible, the economy will benefit from the policy of raising the rate of the Iraqi dinar. He emphasized that this action has positive effects, when used with other procedures, the most important financial policy, which is based on controlling public spending, The use of fiscal policy to reduce the cash, They are difficult to apply.

YESSSSSSSSSSSSSSS!!! WHAT HE SAID!!!!
Sotaliraq.com

Wow, great find Susie! Nice thing to log on to read! Anything else going on folks????

Originally Posted by Adster

Wow, great find Susie! Nice thing to log on to read! Anything else going on folks????

yeah, no al sabaah for 4 days now. didnt happen last year for the holiday but they were closed last year for the referendum on the constitution.

japan 'loaning' them money for oil and gas development, lol.

http://www.rolclub.com/125017-post141.html

http://www.rolclub.com/125044-post163.html

2-examine the final draft of the International Covenant with Iraq to sign it in Tikrit

http://www.rolclub.com/125128-post230.html

NO AUCTION POSTED

i added something to your list from yesterday but i cant remember what it was.