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

Originally Posted by Adster

Kinda makes you feel good knowing Europe, the US, Russia, Japan and China are behind our investment. Oh, not forgetting Syria, Kuwait and the Saudis. Even the Iranian PM is having talks with top Iraqi officials as we speak.

Throw that in with oil being sold at $59 per barrel and Iraq having only discovered 10% of their wealth and banging out 3mbd by the end of the year is enough to bring a smile to ones boat race, (face.).

How can our investment fail with the world behind it???

drinkbudd

Difficult question Adster!

The answer is: IT CAN'T

I believe for a 100% in a very happy and wealthy Christmas this Year!!!

Originally Posted by kiko

Difficult question Adster!

The answer is: IT CAN'T

I believe for a 100% in a very happy and wealthy Christmas this Year!!!

Agreed my friend. There are only 3 questions that remain:

How much?

When?

How many rooms do we book?!

Iraq opens talks with EU on trade deal Brussels, 21 November 2006

Barham Salih, Iraq's deputy prime minister, yesterday opened negotiations over a bilateral trade agreement with the European Union, admitting that much of the government's $41bn budget for next year would be swallowed up by moves to secure the conflict-ridden country.

Making a pitch for foreign direct investment to boost reconstruction, Mr Salih warned that observers "should not underestimate the difficulties of this transition" from dictatorship to democracy. But he insisted that "many provinces of Iraq are relatively safe and secure and are able to receive investment".

Peter Mandelson, EU trade commissioner, and Benita Ferrero-Waldner, who holds the external relations brief, met Mr Salih in Brussels to start talks on a Trade and Co-operation Agreement between Iraq's fledgling government and the world's largest trading bloc.

Key to the progress of negotiations would be technical assistance from the EU in crafting a regulatory framework conducive to investment, Mr Mandelson said. He argued that Iraq's recovery would depend part-ly on its ability to diversify its economy away from oil.

The EU would back Iraqi accession to the World Trade Organisation, although officials admitted that setting a timetable for completing the trade agreement - let alone Iraqi accession to the 149-member global trading club - was at present impossible.

On Thursday, protracted talks will restart between Iraqi ministries and the country's political constituencies on the nature of a hydrocarbon law, the basis for any future contracts in the sector, Mr Salih said.

The law is expected by early next year.

Iraq opens talks with EU on trade deal | Iraq Updates

Originally Posted by Adster

Agreed my friend. There are only 3 questions that remain:

How much?

When?

How many rooms do we book?!

I agree.....im still all happy with the quote from a few days ago "Look apon your dinars as oil certificates in Iraq" the point about only 10% of the country being explored for oil in my opinion is huge I think they will easily surpass the Saudi's

Bunch of tossers. How much longer can they go..........


Iraq inflation rate rises Baghdad
Iraq's inflation rate jumped last month after a big spike in energy prices, a reminder of the economic hardship facing ordinary Iraqis alongside daily bloodshed.
Consumer prices rose 7.2 per cent in October after falling 12.8 per cent in September, according to Iraq central bank data, and are 52.8 per cent higher than a year ago.

Iraq inflation rate rises - Middle East Business news related to travel, food, hotel, real estate, health, oil and more

Bush will meet with Al-Maliki in Jordan next week.
The White House announced that "the American President George W. Bush will meet Prime Minister Nuri al-Maliki in Jordan in the 29th and 30th of this month to discuss the strengthening of security in Iraq." The White House added that "the talks the two sides will discuss the transfer of security functions of the Iraqi forces and the role of the neighboring countries and the region in support of Iraq." He pointed out that "Bush and Maliki also meet the Jordanian monarch, King Abdullah II."

(8:22 Baghdad time)

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The private sector in Kurdistan benefited from the new investment law
Havel said the Chairman of the Federation of Iraqi businessmen in the Kurdistan region branch of Irbil that "the approval of Parliament and the territorial government to allow international companies to invest has encouraged the private sector to the region contact with major international companies." He added that the "territory preferred strategic projects in the economic dimension, which serves the region and modern labs and new contribute to the development of the reality of the city." He pointed out that "the new investment law, which was implemented in the territory of Kurdistan is one of the good laws, He pointed out that there were some gaps simple territorial government will seek to overcome it. "

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Norwegian company seeking to develop oil fields in Kurdistan
Mbai said President Peter exploration and production space in the company (Stadt Oil) Norwegian oil, "the company is holding talks on the development of oil fields with government officials in Iraq and Kurdistan." Mbai added, "The Kurdistan region where great potential, The company is concerned about the security situation in Iraq is watching the evolution of the political process there. " It is noteworthy that the major international companies seeking to invest in the oil sector, but expects that the adoption of an investment code to define the legal framework for their work there. "

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Investment three oil fields in the province of Nasiriyah
The South Oil Company in Basra invest three oil fields in the province of Nasiriyah initial production capacity of 230 thousand barrels per day. An official source in the company said that the "three fields spread west Gharraf River and east of the town of Qal'at Sukkar, This will be invested nationally without relying on foreign companies investing. " At the same Basra governorate allocated 20 billion dinars to the Directorate of Roads and Bridges conservatism for the implementation of 48 legislators service. He said the Chairman of the reconstruction of the star-Ghali maintained that "the most important projects that will be implemented soon direct the project for the construction of a bridge linking the two banks of the Shatt al-Arab Street, opposite the beach road billion and the cost of seven hundred million dinars."

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Talabani stressed the need countless arms in the hands of the State, disbanding the militias,
The President of the Republic, Jalal Talabani, the need to limit arms in the hands of the State, disbanding the militias, in order to achieve security and stability and to establish the rule of law and build a state of institutions in Iraq. This came during his meeting today, Tuesday, the American ambassador to Iraq, Zalmay Khalilzad. A statement from the Office of Talabani "had been discussed during the meeting the latest developments of political and security issue in Iraq." pointing out that "the two sides stressed the need to put an end to sectarian tensions and lawlessness." As President of the Republic met today the British Ambassador to Iraq, Dominique Ascoaith and discussed with him the developments of the situation in Iraq. The British Ambassador, "that his country will continue to provide support to ensure the success of the political process in Iraq. its functions will continue to eradicate terrorism which "

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