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

Wow! This is a first for me. I've put the search Iraqi Dinar in google news many times and never seen it this active.
- Google News

The best part is that FXstreet.com, ForexTV.com and other FX outlets are running the story. Looks like this could be the week for real.

I'm impressed.

Obvoiusly they want those reading the currency markets to get wind of this.

Tejari Partners with Development Gateway Foundation to Create ‘Manshoori’ Online Government Tender Service for Middle East Market

December 6, 2006


DUBAI, United Arab Emirates – In concurrence with the Arab Strategy Forum, a new online government tender information service in Arabic and English will be launched through a partnership between Tejari and the Development Gateway Foundation. The new ‘Manshoori’ service, based on the state-of-the-art dgMarket tender publishing platform and created as part of the Tejari business-to-business marketplace, will enable governments across the Middle East to post local “e-tenders” for new infrastructure projects.


Manshoori will be the region’s first deployment of the Development Gateway’s web-based dgMarket service, which increases transparency in government procurement worldwide and saves millions of dollars for governments in emerging markets.


“Adding tenders from Middle East countries to dgMarket via the new Manshoori service is an important step in our plan to attract users and build this service into a ‘one-stop shop’ for government contracting worldwide,” said Mark Fleeton, Chief Executive Officer of the Development Gateway. “The stronger dgMarket becomes, the more we are able to help firms in emerging markets to access international business opportunities. Moreover, by joining Manshoori, any government can increase competition and reduce public procurement costs.”


Manshoori, slated for launch by January 2007, will enable governments across the Middle East to create online tenders in English and Arabic to widen the pool of organizations bidding on infrastructure and other keys projects. Both regional and international organizations will then have the opportunity to respond to these electronic procurement requests, which Tejari anticipates will reach several billion dollars in the first year of Manshoori’s operation.


“Regional governments have become increasingly comfortable with the online procurement model due to the cost savings and increased efficiency it delivers. Manshoori creates a real-time tendering platform for the billions of dollars in development projects currently taking place around the region, from energy and gas to telecommunications, electricity, and healthcare,” said Omar Hijazi, Chief Executive Officer, Tejari.


“Our exclusive agreement covers 17 countries in the Arab world allowing Manshoori to support the entire Arab World. Furthermore, our existing Tejari auctions will be made visible on the global dgMarket website providing our customers access to an expansive base of international suppliers”, added Hijazi.


The global dgMarket website provides easy access to information on more than $500 billion worth of public sector contracts each year, in 19 languages. These include government contracts in 150 countries funded through international lending agencies such as the World Bank, plus nearly all other public procurement listings from more than 35 countries thus far.


The Manshoori website can be integrated into larger national procurement and financial management systems. dgMarket also uses standard international procurement terminologies and helps disseminate common technical standards.



About the Development Gateway Foundation

The Development Gateway Foundation provides Web-based tools to make aid and development efforts more effective. It offers innovative solutions that increase access to critical information, building local capacity and bringing partners together for positive change. The Development Gateway Foundation is a nonprofit organization with activities around the world. For more information go to dgMarket - Tenders and procurement opportunities worldwide or Home*-*Development Gateway - Innovative internet solutions for effective aid and e-government.


About Tejari

Tejari is the Middle East’s premier online business-to-business marketplace. Tejari enables buyers and sellers to transact and share information about a variety of goods and services via a secured Internet environment. Tejari provides a single point of contact for an open and growing community of buyers and suppliers, permitting spot-purchasing and on-line auctions that enable participants’ real-time access to new markets and greater cost savings. Visit Tejari at Tejari - The Middle East Online Marketplace.

About Development Gateway - Programs, news, donors, partnerships, jobs and more

******************************************
Tejari In The News
Tejari Extends Reach into Iraq with New Franchise Operation.

As part of ambitious regional expansion programme, Tejari has signed up the Saudi-based Al Gabbhan Group to be its franchisee for the Iraq marketplace.

http://uae.tejari.com/NR/rdonlyres/5...11November.pdf

Cheers!
DayDream

It looks like no one has read this article... This is the tell tale sign right here. I'm surprised no one has commented on this... this is soooooo important. It looks like a plan is definately in place and not everyone in the GOI is privey to it. According to this article the budget set for the province of Dhi Qar for 2007 is 165 billion dinar ($115.8 mil). When in 2006 they received 236 billion dinars ($160.5 mil). Now factor in that the Dhi Qar province was assured that their 2007 budget would be " EXPLOSIVE " (requested 800 billion dinar, which was preliminarily approved by Ministry of Finance and the Council of Minister) to only be ear marked for 165 billion dinar.

Something is definately in the air!


Thanks MR. Piper... out of all the articles you posted today I think this one is a tell tale sigh.

Originally Posted by CharmedPiper

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


Described the preservation Balmekheph disappointing. 165 billion dinars budget Dhi Qar for 2007


Nasiriyah / Hussein Karim Group The head and members of the Dhi Qar 2007 budget totaling 165 billion dinars Balmekheph disappointing. He also said Tai, President of the Council called for a meeting of the Council attended by the Governor of Dhi Qar We informed the allocation of 165 billion dinars for the 2007 budget, which is far less than the budget last year and will be a big frustration. He suggested the formation of a delegation to meet with the House of Representatives and the Council of Ministers to show Mahromih conservation and the need for reconstruction projects. When asked in a number of Council members to call representatives maintained in the House of Representatives to discuss the matter and request them to call the Prime Minister and the Finance Minister to Parliament on him accountable for the allocation of funds. For his part, Eng Thajil Karim, head of the Construction and former member of the council of the province of Dhi Qar, to the extent : Funds allocated is not in line with what was released by officials of statements describing the budget next year Balanfjarih and was expected to be explosive, but really came to be disappointing, and much less than the budget proposed by the province to 2007, amounting to 800 billion dinars, pointing out that the adoption of population density and the extent Amahromih in the budget as approved by the Ministry of Finance and the Council of Ministers. The total allocations earmarked for Dhi Qar within budget in 2006 (236) billion dinars distributed as follows : 83 billion for development projects Territories and 96 billion program to accelerate reconstruction and 42 billion to revive the marshes, and 15 billion for projects grant the Council of Ministers.

Originally Posted by Jola

I just caught up with all the new posts...

One question :

How come that CBI says that at today's dinar exchange rate , now the inflation is only 50%? Have you noticed the two or three articles saying that?

Did 1470 to 1428 cover 20% inflation??? ( 70% minus 50% that they are talking about as of today's date)???


See the posts:

pipshurricane http://www.rolclub.com/146620-post140.html
"Our goal is to reduce inflation, which is now running at about 50 percent, by improving the dinar and thereby making imported goods cheaper," Qassim said in a telephone interview.

Is that possible?

Good point,

What we are seeing is a moving target, just as with all economics, there are seasonal adjustments which create different supply and demand. We also know the dollar is dropping, so we have to take this into consideration as well.

We have seen the rate of inflation go all over the board from month to month, but most of it is related to fuel shortages which has a ripple effect on many goods and services. We have also seen the CBI increase interest rates from 8% to now 20% with no long term impact, so we know this is not working since most in Iraq are not savers who would benefit from rise in rates.

The way I see this shapping up is this. CBI had to first try everything else under its power to control inflation to insure the world was behind them when they return the dinar to former value. I think this is more for show than for actual control of inflation. Just as we have seen over the past years, Iraq seems to operate on a trial and error basis, and this is understandable since they are in an unfamiliar territory given the total dismay former economy was in.

All in all, I think we are moving closer and closer to the real inflation fighter, the impending revalue. So many signals have been uncovered by so many here on ROL that draws the same conclusion, and none that has not. I hate to say logics rules since Iraq seems so illogical, but in the end, there really is only one answer to out of control inflation, too bad we have had to wait so long for them to figure this out for themselves. (g)

As well, having again heard from my Kurd's, they have still not received or heard a thing over 10K. Seems to be a well kept secret to where it is and when it will be released. Again, this confirms they seem intent on testing the news releases to evaluate before enactiing. Sure is a strange way to run a government. It was also good to hear Barzani swings the bigger stick against Baghdad bozos when it comes to HCL. He is the driving force behind it, so it only makes sense he will get his way in the end, and the end is near. (g)

Happy Holiday Season to all, Mike

Bush seeks to political cooperation on a new plan for Iraq

(Voice of Iraq) - 09-12-2006
This issue was sent to a friend

WASHINGTON (Reuters) - The American President George W. Bush and the Democrats, the Republicans on Saturday to collaborate on a new strategy for the war in Iraq after the committee said a high level that the current approach of the Department does not achieve success.

Bush said in his weekly radio "it is the responsibility of all of us in Washington, whether Republicans or Democrats to work together to reach a broad consensus of opinion on how best to move forward."

Bush and subjected to pressure to change its strategy in the war that is unpopular and in light of the escalation of sectarian violence and the increasing number of Americans are dissatisfied with the method of handling of the conflict.

In the context of a review of the Bush meets on Monday with senior officials at the State Department and then meet at the White House with a number of external experts to discuss the issue of Iraq.

And on Tuesday, Bush held a press conference via closed-circuit television with the American military commanders in Baghdad and the American ambassador to Iraq, Zalmay Khalilzad. Also visiting the American Defense Department (the Pentagon) on Wednesday to hold talks with senior defense officials.

A Bush fatigue towards the recommendations of the Commission for the Study of Iraq, which calls for the withdrawal of American combat forces from Iraq by early 2008 and that the United States direct talks with Iran and Syria.

However, the persistence of parts of the report that had been agreed upon.

Bush said "the study group also supported Iraq with all the clarity of the strategic goal that we set in Iraq ... ( A) an Iraq which can (and continue to govern itself by itself and defend himself). "

She described Committee consisting of the Republican and Democratic parties on Wednesday the situation in Iraq as "serious and deteriorating" and issued a report containing 79 recommendations urges the United States to start in the regional diplomatic efforts and the promotion of American forces to train the Iraqi army units.

James Baker urged the Co-Chairman of the Committee, which enjoys the confidence of Bush, the father of the American administration to disregard the recommendations of only liking it, but to take the whole package.

Despite the President's declaration that he would discuss all the recommendations of the Committee, he also said that he will wait until the other reviews by the Pentagon and the State Department and National Security Council and expected to be issued soon.

Bush said "I want to hear all the advice so I can take decisions to set a new course in Iraq."

Sectarian violence continued largely unabated in Iraq.

The killing of more than 2900 American soldiers and tens of thousands of Iraqis since the invasion, led by the United States in 2003 and overthrew former President Saddam Hussein.

A member of the Chamber of Deputies Sylvester Reyes of Texas, which is democratic and the next President of the intelligence council, said his party was willing to work with Bush and endorsed some of the proposals, such as the amendment of the task forces and the start of regional diplomatic efforts.

He said in a radio call to his party "if the President is serious about the need for change in Iraq will find Democrats are ready to work with him in the efforts of the two parties to find a way to end the war as soon as possible."

Berino said Dana spokeswoman for the White House on Friday that the administration aims to complete the review soon so that the President hopes to address as the nation on a new plan for Iraq before the Christmas holiday.

Bush said that "the future vitality of the world and the security of the American people depend on the victory in Iraq."

He added, "I am confident that we can overcome our political differences and cooperate together to achieve this victory."

By Jeremy Bilovsky

(Participated in the coverage of Steve Holland)

Originally Posted by shotgunsusie

then i suggest we need to do some thinning out of members since there are a few who insist on taking our information over to the other forums. you know who you are nellies.

I think THE INFORMATION and THE PEOPLE are what make ROLCLUB one of the best dinar forums. What we find here, IT SHOULD STAY HERE , cause there is where the value of the forum comes from: the information.

People here search, read , translate, comment on news and so on. This is WORK. Don't give away their efforts. Who is interested from other forums can come here and get the info. JMO.

LORD TIM CLEMENT-JONES LEADS BRITISH TRADE DELEGATION TO KURDISTAN REGION IN IRAQ

Erbil, Kurdistan-Iraq (KRG.org) - Lord Tim Clement-Jones, the British peer who led a British trade delegation to the Kurdistan Region in Iraq last week, described the Region as full of potential for investment.


The member of the House of Lords led a delegation made up of members of the Middle East Association (MEA), including Michael Hodges of HSBC bank and Chris Holden of Price Waterhouse Coopers.

Lord Clement-Jones said, “We met several senior ministers as well as many people engaged in the private sector in Kurdistan, which helped us gain a strong understanding of the business climate and investment opportunities in Kurdistan Region. We satisfied ourselves that the security situation in Kurdistan is conducive to doing business there. We also met Prime Minister Nechirvan Barzani, a very effective leader who with President Masoud Barzani has a real vision for the future of Kurdistan.”

Two years ago he visited Kurdistan and promised Prime Minister Barzani that he would return with a trade delegation.

The delegation, whose trip was organised by the Kurdistan Development Corporation and hosted by the KRG Office of Foreign Relations, met various cabinet ministers and senior government advisers, who gave them an overview of the political, security, economic and financial situation in Kurdistan.The Kurdistan UK Friendship Association, which this month opened its office in Erbil, hosted a reception for members of the delegation on their first night and invited them to join the association.

Michael Thomas, Director General of the MEA, said, "Our visit was very successful and we received a very warm welcome from the friendship association, the business community and the government. Our report to the members of the MEA will give them a real insight into the Kurdistan Region. We were delighted to meet members of the Erbil Chamber of Commerce, and we’d like to return to Kurdistan with a delegation of medium-size businesses to develop contacts with the Chamber and Kurdistan’s businessmen.”

Also in the delegation were Lord Anthony St John, Philip Stephenson of Davis Turner freight logistics, John Irish of the Middle East Economic Digest, John Vergopoulos of Raphael Group infrastructure project management, Philip Dew who has a business development consultancy, and Nick Hills of Two Rivers legal practice. They were accompanied by Bayan Sami Abdul Rahman, KRG Representative to the UK and chairman of the Kurdistan Development Corporation.

KDC | Welcome

Cheers!
DayDream

TO Terry Tate : about Gates negotiating with the Iranians during the
hostgage crisis. YOU ARE AN FOOL get over it carter lost the election by a
landslide. The democrat congress investigated.
Senate Investigation
The US Senate’s 1992 report concluded that "by any standard, the credible evidence now known falls far short of supporting the allegation of an agreement between the Reagan campaign and Iran to delay the release of the hostages".
The left wing nut Lyndon LaRouche printed the allegation in dec 1980 in his
newsletter. Gary Sick published the book after an editorial in the NY times.
If the Reagan staff was smart enough and sneaky enough why didn't they convince
the Iranians to release the hostgages on Dec 25 for goodwill. The election was already over.

BigRed, No personal attacks! Debate, don't attack.

Originally Posted by bigred52

TO Terry Tate : about Gates negotiating with the Iranians during the
hostgage crisis. YOU ARE AN ***** ***** get over it carter lost the election by a
landslide. The democrat congress investigated.
Senate Investigation
The US Senate’s 1992 report concluded that "by any standard, the credible evidence now known falls far short of supporting the allegation of an agreement between the Reagan campaign and Iran to delay the release of the hostages".
The left wing nut Lyndon LaRouche printed the allegation in dec 1980 in his
newsletter. Gary Sick then published book.

Sorry if posted before...

Iraq Oil, Gas & Petrochemical Summit

17-18 April , Amman, Jordan

In collaboration with the Iraqi Government, the Iraq Development Program (IDP) is proud to announce the official Iraq Oil, Gas & Petrochemical Summit. For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of the new Unity Government.

Iraq has the world’s second largest proven oil reserves and the Government is now finalising its new hydrocarbon laws, following the declaration of the investment laws for the extractive industries. The timing of this Summit could not be better.

The key decision makers from the Iraqi Government will be participating with the full intent of establishing relationships and entering into contractual negotiations with all international operators wishing to be part of both the upstream and downstream sectors.


This Summit represents an unmissable opportunity to sit face-to-face with the key ministerial decision makers all under one roof at the same time. They will include:

Ministry of Oil
State operating companies: Oil Projects Company, Oil Exploration Company, North Oil Company, South Oil Company, Pipelines Company, North Midland & South Refining Companies, North & South Gas Companies, Iraq Drilling Co.

Ministry of Industry & Minerals
State Company for Petrochemicals

Ministry of Electricity
Iraq Energy Council
Prime Ministers Office
Investment Promotion Agency
Kurdistan Regional Government
Ministry for Natural Resources, Office of the President


Government representation will include the Ministers, Deputy Ministers and Director Generals.

Each Ministry will also be represented by the respective head of the Iraq Reconstruction Management Office (IRMO).

Other leading international bodies will be in attendance, such as UNIDO and the World Bank. The Iraqi Government will also be making direct personal invitations to GCC and international energy and oil ministers.

Key Content

Each Iraqi Government Ministry will be presenting details of their key projects, contracts and areas of investment.

Oil & Gas
• Full details of new hydrocarbon laws
• Announcement of most up-to-date geological and seismic studies
• Special announcement on Iraqi gas reserves and concession opportunities
• Drilling and exploration rights
• Refineries, oil depots, pipelines and storage tanks
• Crude oil marketing to the international community
• Details of Northern oil operations, including Kirkuk, Nineveh, Erbil and Diyalla
• Management of the 29 central and southern oil fields
• Oil refinery operations and new contract and investment opportunities
• Pumping stations and pipeline distribution
• Technological innovations for the future of Iraq’s hydrocarbon industry

Petrochemicals
• Refinery and petrochemical integration
• Feedstocks flexibility and availability for petrochemical production
• New world scale petrochemical project
• Petrochemical complex #1 Basra
• Petrochemical complex #2 (refinery-integrated) Mussayab
• South Fertiliser – Basra
• North Fertiliser – Baji
• Sawary Resins Company – Baghdad

Electricity
• Refinery and electricity integration
• Petrochemical and electricity integration
• Annual protective maintenance for generation units
• Investment in new power production facilities
• Rehabilitation of older generation units
• Stability of the power and transmission systems
• Construction of new transforming stations and power lines

Special Security Briefing

Iraq’s oil and electricity security is of paramount importance to its political and economic stability, with huge resources in place to ensure that these most vital industries are protected to the highest possible standards.

Insurgent and terrorist attacks are a daily threat to oil pipelines, refineries, petrochemical and fertiliser plants, oil tankers, storage facilities, electricity generation plants, transforming units and power lines.

The Iraq Oil, Gas & Petrochemical Summit will run a parallel briefing led by the security heads for the oil, petrochemical and electricity sectors. This will enable private security companies and defence contractors along with suppliers to present the best in breed products and services to these key decision makers.

Iraq Oil, Gas & Petrochemical Summit

Cheers!
DayDream