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

(Voice of Iraq) - 01-11-2006
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Iraq : project to punish absent from the meetings of parliamentarians


Baghdad (November 1) and the agency (Lucky) Italian News-building witnessed the Palais des Congrès, a strongly worded verbal altercation between Speaker of the Chamber of Deputies Mahmoud Almshahadani and Member of Parliament for the Sunni Accord Front, Abdel-Karim al-Samarra'i on the reasons for not holding the meeting today, , which was scheduled yesterday was postponed due to lack of quorum. Almshahadani He pointed out that the Council will develop a new mechanism for the accounting absent from the meetings, "no matter who they belong to." The President of the Chamber of Deputies (Sunni), during a press conference held by the presence of deputies Khalid al-Attiyah (Shiite) and Aref Taifour (Kurdish) point the finger at a number of members of Accord Front whom he described as "the work according to its own agenda and does not suit the demands of Iraqis," and this is what caused the postponement of the parliament sessions. Addressing Almshahadani Samurai saying, "You bear the consequences of default because of delays and non-attendance at the scheduled time," which led to a brawl that almost lead to hand-to-hand engagement for the intervention of attendance and ended its impact on the press conference. Justifying Almshahadani reasons for the postponement of the lateness of the presence and absence of other MPs from the meeting and confirmed that the Council will host the next meeting of Prime Minister Nuri al-Maliki and the ministers of defense Abdul Qader Mohammed Jassim, Interior Jawad who is to discuss the reasons for the continuing deterioration of the security situation, especially in Baghdad. Discussed, too, the next meeting of Mecca, a document signed by the religious scholars Sunni, Shiite, for approval. In this regard, A member in the House of Representatives from the list of the Shiite coalition common in an exclusive b (Lucky), A number of members of the House of Representatives proposed projects submitted to the Presidency on punishing members absent to attend the meetings include forfeiture of salary, as well as the dissemination of names in the two daily newspapers to inform voters it. " He stressed that rejection of a proposal to cancel or suspend the membership of the absentees from the fact that this meeting is "inconsistent with the Constitution country. " The Presidency Council has decided to postpone today's meeting to the next day, Sunday, the fifth of November because of the current lack of quorum for a meeting of the second day in a row.

Originally Posted by jedi17

First it will be posted on the Central Bank of Iraq site...then it will be posted everywhere else...then maybe here something on CNN

CNN....??? probably not because that would be good news!! They don't like the good side of Iraq.

Originally Posted by Vipor

My thoughts on why it should not (or will not) be on the airwaves....

If you were watching "Desperate Housewives" or "Everybody Loves Raymond" or something like that one day and then during a short newsbreak you suddenly hear that the US has suddenly bore thousands of new millionaires that were savvy enough to invest in Iraq's economy during their turbulent times, can you imagine the amount of speculation into the troubled economy of the next ailing country? Can you imagine the possible bankruptcies resulting from the lack of sudden windfall because of investors hoping for similar wealth outcomes such as Iraq? I don't think Dubya would want fingers pointed at him for the mass bankruptcies. I think he would insist the media stay out of it. JMO.

i like and agree with this...that is why i said maybe hear somthing on CNN

Originally Posted by CharmedPiper

CNN....??? probably not because that would be good news!! They don't like the good side of Iraq.

CNN most trusted name in news...well anti-Bush news anyways

Originally Posted by stockjedi

That actually the only thing that kind of worries me. The US government knows that people have bought tons of Dinars. Are they going to just let tons of people become multi-millionaire overnight? Any thoughts on this?

StockJedi- Just a thought on your comment... do you think Donald Trump asked the government if it was okay to be a multi-millionaire? As Americans it is our right and I believe our responsibility to create wealth for ourselves, our families and our communities. That is why there is business ownership and investments of all kinds available to us.
The government would rather have us be wealthy, otherwise they're paying it out to us in welfare checks.

Originally Posted by jedi17

Also...if the FIL must be encated within 30 days...that would put it in the middle of Nov...along with everything else that is going on in that area of time.

Yes, with the FIL Due to Kick-in on or about the 10th of this month will Iraq hold back all the investor who are lined-up waiting to jump on a once in a life time investment opportunity? IMHO, NO.

Iraq needs the revenue which will be generate by the FIL/HCL and other natural resources to develop human resources based on market demands and provide work opportunities for the Iraqis people as stated below on article 2 of the FIL.

From the FIL

Goals and Means

Article 2
This law aims at the following:

First: To promote investment and transfer modern technologies in order to
contribute to the process of developing and enhancing Iraq, and expanding anddiversifying its production and service base.

Second: To encourage the Iraqi and foreign private sector to invest in Iraq by
providing the required facilities for establishing investment projects and
enhancing its competitive capacities in the local and foreign markets for projects included in this law.

Third: To develop human resources based on market demands and provide work opportunities for the Iraqis.

Fourth: To protect the rights and properties of investors.

Fifth: To expand exports and improve the balance of payments and the balance of trade of Iraq.

Article 3
The following means shall be adopted to realize the objectives of this law:

First: To grant projects covered by the provisions of this law the necessary
privileges and guarantees for its continuation and development by providing
support in a way that enhances the competitive capacities of these projects in the local and foreign markets.

Second: To grant projects that obtained an investment license from the
Commission, additional facilities and exemptions from taxes and fees in
accordance with the stipulations of this law.

Originally Posted by Dinar06

StockJedi- Just a thought on your comment... do you think Donald Trump asked the government if it was okay to be a multi-millionaire? As Americans it is our right and I believe our responsibility to create wealth for ourselves, our families and our communities. That is why there is business ownership and investments of all kinds available to us.
The government would rather have us be wealthy, otherwise they're paying it out to us in welfare checks.

A certain political party would rather have the population on some kind of
government program so they can pat each other on the back while raising your taxes to do it.

Originally Posted by Dinar06

StockJedi- Just a thought on your comment... do you think Donald Trump asked the government if it was okay to be a multi-millionaire? As Americans it is our right and I believe our responsibility to create wealth for ourselves, our families and our communities. That is why there is business ownership and investments of all kinds available to us.
The government would rather have us be wealthy, otherwise they're paying it out to us in welfare checks.

Absolutley Agree!!

Originally Posted by jedi17

If tons of people became millonaires over night I think that much of their earnings would go back directly into the american economy....looks like it could be a win win situation...also consider the amount of taxes that would go back into the governments pockets.

Yes, a lot of money would be immeadiately pumped into the US (and Worldwide) economy with people buying all sorts of things... maybe just in time for the Holiday season!

Many states ready for extending more financial support - Saleh | Iraq Updates

Many states ready for extending more financial support - Saleh

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01 November 2006 (Kuwait News Agency (KUNA))
Iraqi Deputy Premier Dr. Barham Saleh said on Tuesday that many states including the US, the EU and Saudi Arabia have declared readiness to support Iraq financially in the coming stage.

At a news conference after wrap up of the International Compact with Iraq (ICI) meeting hosted by the State of Kuwait, Saleh said Saudi Arabia expressed readiness for forwarding USD one billion as grants and loans in addition to USD 500 million as facilities to the Iraqi businessmen and private sector.

The US poised ready to extend fresh assistance for the process of reconstruction and bolstering the security potentials and the EU promised extending fresh bundle of donations.

Iraq's infrastructure was ravaged by decades of sanctions and war during the rule of deposed President Saddam Hussein, and by the US-led invasion in 2003 and the violence that followed.

Reconstruction has been hampered by insurgent attacks which forced many projects to be halted and diverted funds away from rebuilding and into increased security, said Saleh.

The oil industry has been hit by frequent sabotage.

This is besides many other pledges still under discussion, he said hoping that the vision will be clearer in the coming few weeks, regarding economic aid as well as making available donations and soft loans, beside the writing off Iraq's debts and the early penalties imposed on Iraq and encouraging the private sector to invest in the war-torn Arab country.

He said the ICI in itself includes reciprocal commitments by the Iraqi government and its international partners.

Saleh underlined that the Iraqi government led by Nouri Al-Maliki is serious on implementing a reform program and the Political National Security Council has set a timetable for national reconciliation besides other legislations to address the political, security and economic complications.

He admitted that the current stage in Iraq is harsh and difficult but cooperation of the international community is needed to combat terrorism and extremism.

Iraq, he went on, shoulders the problems of the whole region and scores are being settled by many parties within the Iraqi arena, and hopefully Iraq will be moving soon to the security and stability stage.

To a question he said the importance of the security factor should not be marginalized and the efforts should be doubled because security of Iraq is in the end result the security of the whole region.

To a question posed by Kuna he admitted the spread of corruption in his country that hinders the reform process and stirs the security conditions.

Saleh said, his government has a tough timetable to push reforms that included a recently-passed investment law. The government set a target to cut unemployment by at least 15 percent, he said.

"The International Compact represents a carefully-drafted roadmap to clarify how can Iraq with the help of its international partners, achieve economic self-sufficiency in the medium term," he stressed.

To succeed, Iraq needs progress in three areas, "political reconciliation ... achieving security and stability in all regions ... and achieving economic growth and prosperity." But Iraq won't be able to achieve any of the goals under the compact without generous international support.

ICI's preparatory group included the UN, US, UK, United Arab Emirates (UAE), Kuwait, World Bank, International Monetary Fund (IMF), European Union (EU), Arab development funds, Islamic Development Bank (IDB), France, Germany, Italy, Japan, Saudi Arabia, South Korea and Spain

Here's a very interesting article.