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

General Directorate of Building Planning at Ministry of Municipalities achieved advanced steps at project of modernization primary designs of Iraqi cities and prepares new law of building planning and studies estimation fact of urbanite development in throughout country, information advisor of Ministry said according to director of building planning.

She stressed that directorate would prepare a law of building planning to become legal base of working in this field in all areas of Iraq and achieve a study to estimate fact of urbanite development in Iraqi cities especially after study four provinces for this project.
Source: Al Sabaah




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Posted on Saturday, December 09

with all the oil law news, if it doesnt get passed they will have there hands full with pissed off Iraqi's. This is why I'm confident it will be a go.

WOOOOOOOOT!!!!

well I'm off to watch a movie soon (Short Curcuit) I'm about to short curcuit with all this input input

Regard, Johnny 5 lol

Tough time for furniture makers


By Zaid Sabah
BAGHDAD — Ahmed Abdel Khaliq arranges the palm furniture in his shop yet again, waiting for customers who rarely appear.

Furniture made from cane and palm fronds is one of Iraq's oldest traditions. Iraqis bought the rattan-style furniture for their homes and gardens. "Wealthy families were our main customers," says Khaliq, 22.

Today, Iraqis can choose from an endless selection of imported factory-made wood or plastic garden furniture. Few people bother with the more expensive locally made palm furniture.

Khaliq's family started the shop in the early 1980s. "All our stuff is handmade," Khaliq says. "We also provided wedding parties with palm decorations and participated in international exhibitions to show the world our traditions," he says. His shop also sells baskets and mats.

During its prewar peak, his family's shop earned about $100 in profit on furniture sales per day. Today, the shop barely squeaks by on $5 per day, he says. Many wealthy families have left, and the end of United Nations-imposed sanctions has meant an influx of inexpensive plastic furniture for home and garden. "It's cheaper than the palm furniture and isn't hurt by weather," he says.

Khaliq says business is also off because fewer people want to sit outside. "People avoid (sitting outside) because of the random bullets falling down at any moment," he says. "Even tea house customers stopped sitting outside."

In the Shorja wholesale market, Salman al-Kaabi says demand for plastic furniture is increasing dramatically. "My business is getting better by the day," he says. Al-Kaabi sells at least four plastic tables and 16 chairs every business day.

"It was very expensive before so we could not buy it," says Wassan Rahim, a 43-year-old housewife who was buying a plastic table and four chairs for her kitchen.

"It's nicer than the palm furniture, it's cheaper and I can put them anywhere in my house," she says.

MENAFN - Middle East North Africa . Financial Network News: Iraqi official urges government to establish a council of Iraqi economy

08/12/2006

(MENAFN) Chairman of the Iraqi parliamentarians Federation urged the government to set up a high national council of Iraqi economy, pointing out that the Council must have the highest decision in the Iraqi economic aspect, and must include specialized Iraqi experiences and competencies from all blocs, political movements and independents.

The chairman said that the deterioration of the Iraqi economy is due to the shortage of centralized economic decision and that Iraq lacks the healthy economic climate.
The Iraqi economy is dependent almost entirely on oil, which means that the economy has no clear methodology, the official pointed out.

He called upon the government to start the project as soon as possible, and accompany it with a center for strategic studies formed of specialists, technocrats, university professors and economic experts, for the purpose of planning and counseling.

ISX-Data.com - 22 hours ago

Decline of the dollar against Iraqi dinar halts Halt decline of the dollar against Iraqi dinar after being purchased by the Central Bank in the auction

Iraqis Near Deal on Distribution of Oil Revenues
Christoph Bangert for The New York Times
An oil pipeline running from Kirkuk to the southwest after an attack last year. The Kurds have dropped a demand to ensure that regional governments have the power to collect and distribute revenues from future fields.


By EDWARD WONG
Published: December 9, 2006
BAGHDAD, Dec. 8 — Iraqi officials are near agreement on a national oil law that would give the central government the power to distribute current and future oil revenues to the provinces or regions, based on their population, Iraqi and American officials say.

Iraq's Oil Fields If enacted, the measure, drafted by a committee of politicians and ministers, could help resolve a highly divisive issue that has consistently blocked efforts to reconcile the country’s feuding ethnic and sectarian factions. Sunni Arabs, who lead the insurgency, have opposed the idea of regional autonomy for fear that they would be deprived of a fair share of the country’s oil wealth, which is concentrated in the Shiite south and Kurdish north.

The Iraq Study Group report stressed that an oil law guaranteeing an equitable distribution of revenues was crucial to the process of national reconciliation, and thus to ending the war.

Without such a law, it would also be impossible for Iraq to attract the foreign investment it desperately needs to bolster its oil industry.

Officials cautioned that this was only a draft agreement, and that it could still be undermined by the ethnic and sectarian squabbling that has jeopardized other political talks. The Iraqi Constitution, for example, was stalled for weeks over small wording conflicts, and its measures are often meaningless in the chaos and violence in Iraq today.

But a deal on the oil law could be reached within days, according to officials involved in the drafting. It would then go to the cabinet and Parliament for approval.

The major remaining stumbling block, officials said, concerns the issuing of contracts for developing future oil fields. The Kurds are insisting that the regions reserve final approval over such contracts, fearing that if that power were given to a Shiite-dominated central government, it could ignore proposed contracts in the Kurdish north while permitting them in the Shiite south, American and Iraqi officials said.

The national oil law lies at the heart of debates about the future of Iraq, particularly the issue of a strong central government versus robust regional governments. The oil question has also inflamed ethnic and sectarian tensions. Sunni Arabs, who preside over areas of the country that apparently have little or no oil, are adamant about the equitable distribution of oil revenues by the central government.

On the drafting committee, Sunni Arabs have allied with the Shiites against the Kurds, who have sought to maintain as much regional control as possible over the oil industry in their autonomous northern enclave. Iraqi Kurdistan has enjoyed de facto independence since 1991, when the American military established a no-flight zone above the mountainous region to prevent raids by Saddam Hussein.

Gen. George W. Casey Jr., the senior American commander here, and Zalmay Khalilzad, the American ambassador, have urged Iraqi politicians to put the oil law at the top of their agendas, saying it must be passed before the year’s end.

The drafting committee is made up of ministers and politicians from the main Shiite, Sunni Arab and Kurdish blocs in government. They began talks months ago, but the pace picked up recently, said an American official tracking the negotiations, who spoke on condition of anonymity because he did not want to give the appearance of Western interference in sovereign Iraqi matters.

At the start of the talks, the Kurds fought to ensure that regional governments have the power to collect and distribute revenues from future fields, Iraqi and American officials said. They also proposed that revenues be shared among the regions based on both population and crimes committed against the people under Mr. Hussein’s rule. That would have given the Kurds and Shiites a share of the oil wealth larger than the proportions of their populations.

But the Kurds dropped those demands, said Barham Salih, a deputy prime minister who is a Kurd and the chairman of the committee.

“Revenue sharing is an accepted principle by all the constituent elements of the Iraqi government, including the Kurds, and that is the unifying element that we’re all hoping for in the oil law,” Mr. Salih said in an interview.

The American official said the Kurds were willing to make concessions because a national oil law could attract more foreign oil companies to exploration and development in Kurdistan. A large foreign oil company would have more confidence in signing a contract with the Kurds if it were to operate under the law of a sovereign country rather than just the law of an autonomous region.

http://www.nytimes.com/2006/12/09/wo...th&oref=slogin

Originally Posted by CharmedPiper

MENAFN - Middle East North Africa . Financial Network News: Iraqi official urges government to establish a council of Iraqi economy

08/12/2006

(MENAFN) Chairman of the Iraqi parliamentarians Federation urged the government to set up a high national council of Iraqi economy, pointing out that the Council must have the highest decision in the Iraqi economic aspect, and must include specialized Iraqi experiences and competencies from all blocs, political movements and independents.

The chairman said that the deterioration of the Iraqi economy is due to the shortage of centralized economic decision and that Iraq lacks the healthy economic climate.
The Iraqi economy is dependent almost entirely on oil, which means that the economy has no clear methodology, the official pointed out.

He called upon the government to start the project as soon as possible, and accompany it with a center for strategic studies formed of specialists, technocrats, university professors and economic experts, for the purpose of planning and counseling.

Originally Posted by bob1940

Has anyone verified whether BofA Is selling Dinar?
I need to purchase another 100,000 DINAR,
ASAP.
Just recieved a $500.00 dividend check . and want to increase my holdings of Dinar. Closest chase Bank is 35 miles away. Not that far for driving , but BofA is 5 Blocks away. and I have an account there. I am going there MONDAY AM but would like to know in advance if they are DEALING or not. Thanks BOB

Drive the 35 miles and save yourself the other hassels. They are exchanging.

Originally Posted by CharmedPiper

MENAFN - Middle East North Africa . Financial Network News: Iraqi official urges government to establish a council of Iraqi economy

08/12/2006

(MENAFN) Chairman of the Iraqi parliamentarians Federation urged the government to set up a high national council of Iraqi economy, pointing out that the Council must have the highest decision in the Iraqi economic aspect, and must include specialized Iraqi experiences and competencies from all blocs, political movements and independents.

The chairman said that the deterioration of the Iraqi economy is due to the shortage of centralized economic decision and that Iraq lacks the healthy economic climate.
The Iraqi economy is dependent almost entirely on oil, which means that the economy has no clear methodology, the official pointed out.

He called upon the government to start the project as soon as possible, and accompany it with a center for strategic studies formed of specialists, technocrats, university professors and economic experts, for the purpose of planning and counseling.

seems to me they are overthinking this whole thing. Should just go do a little man on the street segment and ask some of the common folk what would help. I Bet they would get a one word answer that starts with an "R"

Originally Posted by AlwaysDreaming

Thanks Neno for your response. I did go into a branch as well today and was told the same information that I was told on the phone. I plan on going into my branch on Monday to speak to the manager and hopefully get another purchase in before it's too late.

Let us all know how it goes. I bet you will get those Dinar's ordered.