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

Iraqis are the main foreign investors in Jordan invested over 118 million Iraqi dinar
November 15, 2006

According to a publication of "the Ministry of Industry and Trade", these investments represent about 12% of the total investments in companies registered in Jordan during the first ten months of this year, which amounted to 982.4 million iraqi dinars; also representing about 32.5% of the investments by non-Jordanians, which the bulletin estimated them by 336 million iraqi dinar.


The bulletin pointed out that the number of Iraqi investors registered with the Corporations Control Office until September hit about 3927 investor; estimated volume of their investments over the past six years at about 345.7 million iraq dinars distributed to various productive sectors.


The Iraqi investments in the services sector amounted to 140.3 million iraqi dinars, while hit 127.9 million iraqi dinar in the trade sector, about 58.7 million iraqi dinar in the agriculture sector, about 15 million iraqi dinars in the industry, and about 3.5 million iraqi dinar in contracting.


According to figures issued by the Department of Lands, the Iraqis bought, during the first ten months of this year, real estates and lands valued by 76 million iraqi dinar; that is 1.9% of the total sales in this sector, and about 50% of the total sales of non-Jordanians in the same period. This replaces Iraqis on top of the list of investors in lands and real estates of non-Jordanians, followed by Kuwaitis who used to occupy the first place, Saudis ranked third, followed by holders of American citizenship then the Syrians.


Hundreds of thousands of Iraqis arrived in the Kingdom after lifting the travel ban in 1991 following the end of the first Gulf War, since that Jordan was the only legitimate outlet to get out of Iraq. While some Iraqis used Jordan conduit to travel to various countries around the world, others settled in, illegally for a large number of them, which makes it difficult to obtain accurate statistics of the number of Iraqis living in Jordan; however, they are estimated by a quarter of a million.

After the American occupation of Iraq in 2003 and the subsequent disorder, many Iraqis migrated to Jordan. While the Iraqis of the first phase, which lasted until 2003, were mainly intellectuals, academics and fugitives from the system on political grounds, and many of them were poor, the second phase included large numbers of businessmen, investors and wealthy Iraqis who fled the security situation, the poor investment opportunities and the increasing incidents of kidnappings and seizure of hostages. They found in Jordan a stable country and attractive for investment because of the facilities offered by the Jordanian Investment Law.


Added to them, the Iraqi investors living abroad and wanted to be close to Iraq. The ranks of Iraqi community in Jordan, according to informal estimates, are 600 thousand and 750 thousand Iraqis.(Source)AlSabah

External support and rely on the army and national reconciliation highlights of the solution

Interpretation morning

To avoid defeat in Iraq and decisive national interest can not abandon either of the United States or Britain. Because if archenemy gained new strength and breath consequences will stay with us for a long time yet whose broad headings rhetoric about withdrawal. The United States and Britain had never Tjerba comprehensive policy properly with Iraq.

Unless a mistake about the United States and its allies style caught all the resources available to serve in building stability will be no meaning to stay in the country, where all objective observers believe that such a stay would continue to deteriorate to the bottom of the abyssIf left to our present only then can not underestimate our losses and withdraw.

If we assist the Iraqis in the political development of the country's unity over sectarian priorities, and on the Iraqi government to seek a dialogue with the main players, who think in a different way, but have interests in the outcome of the fruits. We must not remain outside the process only those who possess hidden absolutely can not practice within the coverage of national affiliation of Iraq, such as Al Qaeda and other rebel movements of the non-Iraqis.

They should be solving problems, like the Federal Constitution and the distribution of Iraq's resources and the role of unofficial militias, in the direction of preserving the unity of the nation. Here requires political leaders and were left to the agreement and stressed that the State is exclusively possessed the right to the use of armed force. They have to be aware of good if they rejected the agreement and the coalition forces left, they themselves will not outlast the chaos to come.

It also must demand of the Iraqi army to assume more duties with the Coalition to adequately equipping, The army is the security institution, which possesses high consideration of the people is the only party which has not been subjected to penetrating corruption significantly. Test and the Iraqi army in the next year with the start of the coalition forces to withdraw from the streets, and perhaps even reduce the numbers of soldiers, adventure will inevitably do But if it failed adventure then left the coalition forces, it seems unlikely to be able to survive the Iraqi army.

Although Iraq's rich oil energy sources will support economic space will be a key priority is jobs and electricity infrastructure The oil is the glue that will be able to keep a unified Iraqi stateValtolid efficient electricity will be able to convince people that better days may come. It will be the establishment of a national oil company and clearly serves the interest of the Iraqis. not the interests of the elite, region or a specific, symbol positive and strong. It must be an adequate number of persons to protect oil fields, pipelines and refineries and power plants to be any act of sabotage extremely difficult. We must also link in the international investment proceeds internal political progress, But it should include the extent of the shareholders is much wider than the limit now.

How will we be able to link all these things together? The disintegration of Iraq into three separate regions would not be realistic alternative, but it would appear to escape route. The militias are no longer under the control of the central government or local authorities, Therefore, the loss of full security will generate completely collapsed and Iraq's neighbors will be stealing parts of it to protect their own interests.

If we must start a new initiative. The United States should emerge from the pessimism and denial and address to achieve what not cope achieved only universal force superpower, despite all the repercussions result Must cover regional and internal dimensions of the tragedy in the Iraqi reaches far beyond the narrow objectives of contributing to the financial burden. The article is the common security of the Gulf.

Must be invited to all of Iraq's neighbors; including Iran, which it must understand that an Iraq fragmentary may eventually returned to military rule. This is what must be understood by other potential contributors : like Egypt, the five permanent members of the Security Council and the United Nations as an executive's invitation.

The United States is the state that must take the initiative. While the United States finds that it must pass the most difficult juncture, it also has the force of success in this endeavor. But if Washington tried to impose its control on the agenda of such a conference would achieve success. America needs to take a step backwards even as it is at this crucial point. Should be good international conference, It must allow for other countries in the region provide special Ajindatha, even if it is not convincing to others. The Conference should invite experts from the United Nations to put sentences stemming from their own experience. The possible creation of a new mechanism and to provide new hope. any participant will not be able to allege sincerely that Iraq comes in the collapse of his own.

Without this component level, will not be motivated to change. Alternative construction difficult, but it will prove the ability of the United States for diplomatic leadership.

Translated version of http://www.alsabaah.com/

Cheers!
DayDream

Massaderaraghih told the nation : Political Council discusses

(Voice of Iraq) - 11-25-2006
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Massaderaraghih told the nation : the political council will discuss a temporary truce to activate a document Mecca and the formation of committees to follow up field application
Fears of violence loose amok after lifting curfews
Baghdad Mazen's :

Calm prevailed warned the Iraqi capital Baghdad on Friday, With cars spread out police and the army reinforced patrols of the American army in the crossroads, Trainees children in the streets, which appeared empty, in episodes playing football, as is the habit. Iraqis involved in the analysis of the dimensions of what happened in their city yesterday, They harbor misgivings of the possibility of confrontations broke out after the curfew.
Depending shock everyone when escalating sectarian sedition. reflecting the political reality of Iraq today, despite repeated government television appeals for calm and statements of condemnation from religious authority Grand Ayatollah Ali al-Sistani, Mr. Muqtada al-Sadr, the leader of the Sadri movement, the Association of Muslim Scholars, and the massacre that took place in Sadr City, and the Office of the Prime Minister Nuri al-Maliki to provide immediate financial assistance to the families of victims of the martyrs and wounded.
He wondered Fadel bono of the people of the region Saraveh voice horror grief : «If all this religious leaders and government align itself against this wave of violence, it is behind them permission? ».
The voices heard mortar shells from time to time. then acceleration American Apache helicopters flew over the area, , which represents the triangle «» hung credit Hirsh, who witnessed the fall of mortars throughout yesterday morning.
No lines ambulances from whistle-blowers, They transported the wounded and dead bodies from various areas of Baghdad to the Academy of Medicine in the city section of Ramadan.

The security plan

And more of these fears that the statement of the Presidency announced the presence of Mr. Abdul-Aziz al-Hakim and President Jalal Talabani, and his deputy, Tarek Hashemi, He had explicitly to reconsider the security plan, that did not succeed in preventing the rise and intensifying violence, at a time when the government coordinates stressed that the reasons for this tension is political and not technical security, reflecting the lack of power the government «», according to Abu Mustafa, who went to the mosque «Khatoon just for the Friday prayers», He added, «If the government after months of the implementation of the security plan looking at the change, There is no magic wand for the completion of this exchange of fire brutal sectarian sedition. we have to wait for days to come Soda, more severe than in Sadr City, free or death of the victims of the shelling of a mortar ».
Meanwhile, Iraqi sources said sources told «nation», «The meeting of the political council of national security supposedly held Friday evening, discussed the dimensions of the security fiasco, And its tragic on Thursday bloody ».
Her «seems that this failure was inevitable result that the exchange within the parliament vice-list of the United Iraqi Alliance and the head of the Iraqi Accord, that has left as it seems presentation and the data exchanged around, any area to promote the spirit of national reconciliation and confirmed by all these statements and data, and if those Hallstand which the blood of innocent people, which in vain of Iraqi civilians who are paying the price differences interfaces of the parliamentary blocs, which was government-Maliki ».
The anger Talabani clear at a press conference Friday with Hakim and Hashemi, This was the expressions and hand, weighted that Iraqi leaders gathered under the roof of the political council of national security, facing the pressing question of how the political blocs to respect the law, more than the question of how to replace the militias and that refers to the state. Talabani did not wish that this meeting will be just a demonstration «information» ending in a statement contains phrases Perhaps Hopefully, in the preamble, which does not understand the real action, rather than attempt to write failure in the bud.

Urgent tasks

These sources confirmed several key points to be achieved at the current stage, including setting a date for the start of a truce actual security, political and media between the political blocs, The transition document Mecca than just verbal support in the statements of the religious leaders Shiite, Sunni signatures to collectively by clerics Iraqi Sunnis bound by the advisory opinion, all highlight the importance of the application of this commitment during the Friday sermons, The formation of a committee of elders politicians and the clergy, to plug any loopholes in this document, including secure transfer into practice. The agreement on «a» Agmadha in swords until they are completed to find ways to dissolve the militias at the end of the day.
It also contains ideas proposed that the government through the Committee for the Coordination of parliamentary government, meets in the areas of crisis hot to handle direct any violations Milexiaoeh, the spirit of the agreement and not to expose the differences, and linked to a series of successive an end the political council of national security, who should be held an open meeting for the duration of the calm necessary.
Kuwaiti homeland

By Washington correspondent Kim Landers

Saturday, November 25, 2006. 8:47am (AEDT)

The United States has condemned the violence in Iraq that has left more than 200 people dead.

The White House is calling the car bomb attacks in the Shiite Sadr City area of Baghdad "senseless acts of violence".

A spokesman says US President George W Bush is committed to working with Iraqi Prime Minister Nouri Al-Maliki, and a meeting between the two leaders in Jordan next week will go ahead.

Supporters of the prominent Iraqi Shia cleric, Moqtada al-Sadr, have threatened to pull out of Iraq's national unity cabinet and parliament if Prime Minister Al-Maliki meets Mr Bush as planned next week.

The group says US troops should be held responsible for attacks in Sadr City because the troops had failed to improve security there.

It claims to have evidence of collusion between US forces and Sunni extremists.

Meanwhile, US Vice-President Dick Cheney will be in Saudi Arabia tomorrow for talks with King Abdullah about the situation in nearby Iraq.

UN response

The United Nations secretary-general, Kofi Annan, has also condemned the recent wave of killings in Iraq.

Mr Annan says the attacks cannot be justified and are clearly aimed at undermining national unity.

He is urging Iraqis to heed calls from all sides for "calm and restraint to prevent an escalation of the situation".

Bush still plans to meet Iraq PM. 25/11/2006. ABC News Online

Cheers!
DayDream

23/11/2006
Source: Channel News Asia

Singapore businesses have been leveraging on the Jordanian port of Aqaba as a launch pad for doing business in Iraq.

While actual figures for Singapore firms are not readily available, the latest global data shows that Aqaba handled nearly US$12 billion of products bound for Iraq in 2004.

The Singapore Business Federation says companies have been taking advantage of the many opportunities presented by the reconstruction of Iraq from services to infrastructure to procurement of supplies.

The Jordanian port has been serving Middle East countries for many years.

With reconstruction now starting, Iraq is now ready to do business and it has already done so through the port of Aqaba in Jordan.

Transit trade to Iraq through Aqaba more than tripled from US$3.6 billion in 2000 to US$11.7 billion in 2004.

Cody Lee, Assistant Director (Middle East), Singapore Business Federation, said: "Right now, the country is starved of consumer goods, supplies that are needed in reconstruction. We can offer our services, our expertise in infrastructure. And most importantly we can actually help them to procure the supplies that they need for the reconstruction purpose. And we know that the Iraqis have gone to China in a big way, in big procurement affairs. They buy up to billions of dollars of equipment, basic materials and commodities for the reconstruction purposes."

But the seaport city of Aqaba wants to go beyond just being a lifeline for Iraq.

It is transforming itself into the Singapore-equivalent of a Marina Bay Resort to become a tourist haven, and create more than 70,000 jobs.

So far, Aqaba has attracted more than US$8 billion of investments since developing a Special Economic Zone in 2001.

Most of these are in property and resort developments by investors from the Gulf.

Some Japanese and Indian companies can also be found in the heavy industry.

Asians have been known to be conservative in investing in the area, since Aqaba is close to the volatile Middle East region.

But Jordanian officials say there's little to worry.

Saleh Kilan, Economic Development and Investment Commissioner, Aqaba Special Economic Zone Authority, said: "It doesn't really put us at risk. We're like a stabilising force. We are the moderate voice of all the countries around us. They all lean on us. If you look at the history of Jordan, the history of the regime of Jordan, we're the haven, we call it the security haven of the Middle East. Most of the people who work here, they really enjoy it. They invest up here and they make money up here."

Besides resort and property developers, Aqaba is also looking for banks and financial institutions to set up base in the area.

The plan is to make the place a regional financial centre and create jobs for lawyers and accountants.

Cheers!
DayDream

Jaguar XKR
(dont want the boys to have all the car shoppin fun!)

Moussa calls for a meeting of the Commission on Iraq at the ministerial level

(Voice of Iraq) - 11-25-2006
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Cairo : Middle East «»
The Secretary-General of the League of Arab States Amr Moussa, the call to the members of the Committee on Iraq at the level of foreign ministers to convene a meeting of the committee to discuss the developments on the Iraqi scene, With condemned the terrorist bombings that took place day before yesterday in Sadr City in Baghdad. Moussa warned of cooperation with actions aimed at the Iraqi devote Party, He called on all groups of the Iraqi people and its components to address the sectarian violence and miss the opportunity of targeting the unity, security and stability of Iraq and prejudice the components together. Moussa called for political and religious leaders in Iraq. working to calm the situation to avoid the evil incursion into Iraq. He asked the Iraqi leaders to assume all responsibility in the face of national crisis is about to devastate the whole of Iraq, and put the unity of Iraq at the top of shock, He stressed the need to stand firm in the face of the fingers of sabotage and terrorism came from any angle. In a related context, Egypt has expressed its regret and denunciation of the Iraqi arena witnessed acts of violence resulted in the deaths of many innocent people. The Egyptian Foreign Minister Ahmed Aboul Gheit told him, yesterday, expressed confidence in the commitment of the Iraqi people and its unity national distancing him from all the lead to divisiveness and factionalism. He noted the position of the Iraqi political forces, which called for restraint and remain calm.

Originally Posted by shotgunsusie

Jaguar XKR
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Translated version of http://www.baghdad-newspaper.com/

Parliament calls for the Ministry of Oil to put an end to the heavy financial expenditure

Adhab Parliament yesterday called for an end to the heavy government spending on oil derivatives, which amounts to about five billion dollars annually. He called a number of Members of Parliament during the debate on the supplementary budget yesterday, the Ministry of Petroleum to develop logical solutions to provide oil products serve the needs of the Iraqi citizen, without relying totally on the imported products from the big oil, which cost the Iraqi treasury funds huge drain Iraqi economy. And some employees of the Oil Ministry security problems which impede progress and the advancement of the oil sector, especially in the Baiji refinery,

The president of the parliament to approve the increase in the prices of oil derivatives, to ensure the provision of fuel for our people. On the other hand, announced by the Speaker of the Parliament Mahmoud Almshahadani yesterday to form a committee to address the security expanded security violations against the background of the assassination attempt that occurred yesterday.

He said Almshahadani during the session of the Council of Deputies, "we will Strict security measures apply to all members, if you applied to the President of the Council also." He added, "we have formed a security committee headed by the First Deputy Speaker of the Chamber of Deputies, Sheikh Khaled al-Attiyah, the security officer in addition to a group of experts from South Africa to oversee the entrances and exits to the Green Zone." The head of the House of Representatives yesterday was the first assassination attempt when the two cars trapped inside the Palais des Congrès, which is the headquarters for the meeting of the Board. And the party that the assassination attempt rejected Almshahadani disclosure, saying "the interest of the investigation would not disclose them." He added that the "Committee for Defense and Security in the House will be the follow-up committee and the honorable conduct of the Committee's work." He pointed out that "harms the House would shake the entire political system."

Iraq calls for striking off debts still due to EU
24/11/2006
Source: Kuna

EU External Relations Commissioner Benita Ferrero-Waldner affirmed on Monday the importance of upgrading the EU-Iraqi trade and economic cooperation.

Speaking to newsmen here after wrap up of the first session of trade and cooperation talks with conflict-torn Iraq, she said this allows cooperation shores up the EU commitment to help the Iraqi people and the new Iraqi government to enter the international fold.

In turn EU Trade Commissioner Peter Mandelson who took part in the talks underlined the need for the Iraqis to believe that the EU stands firmly be their side.

He singled out energy as a top field for cooperation between both sides and stressed that counting on this field would open wide horizons because it is a fertile area for European investments.

Iraq's Deputy Premier Barham Saleh called on the EU to write off the 20 percent of the debts still due for payment by Iraq, noting that this was discussed with the European officials during last Paris Club meeting.

Reminding, he said there was agreement to write off 80 percent of the debts due for payment by Iraq to the EU.

He said the 20 percent still due end up in an extra load sustained by the Iraqi people who need help at this stage.

"Iraq is going through a tough transition and none of us wants to underestimate the difficulties and the challenges we face, the challenge of terrorism and extremism, but Iraq has nowhere to go but to succeed," Saleh told a joint press conference after the meeting.

The three speakers agreed on the importance of Iraq's oil and gas reserves, but stressed that this was not the only focus of the planned accord.

Iraq currently produces about 1.7 million barrels of oil per day.

Saleh, who is also Iraq's trade minister, said he hoped that the figure would at least double by 2010.

The EU plans for a new deal with Iraq runs alongside a five-year UN-backed strategy, known as the International Compact, aimed at reviving the war-torn nation's economy and integrating it into the global economy.

Since 2003, the European Commission has contributed USD 923 million for the reconstruction of Iraq, with concern on assisting the Iraqi people in accessing basic services.


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