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

Hi,

all those wishing to do a bit of due diligence go to www.alsabah.com left hand side economic. there are a couple of interesting articles on the latest situation. One of which states that tourism is just as important as oil in the future plans for the country and that investment in this sector is vital.

Originally Posted by abbey56

Hi,

all those wishing to do a bit of due diligence go to www.alsabah.com left hand side economic. there are a couple of interesting articles on the latest situation. One of which states that tourism is just as important as oil in the future plans for the country and that investment in this sector is vital.

You probably mean www.alsabaah.com (arabic)

Translated version: http://translate.google.com/translat...006-07,GGLR:en

Originally Posted by quietlight

No Blair Monday, US Tuesday/Wednesday, and I believe Blair is going to the US to see Bush on Thursday

talk about your jet lag, hope he takes his vitamins.

AMMAN (Dow Jones)--Iraqi annual inflation reached 52.5% in June, down from 53% in May, the highest rate recorded in the past 12 months, the Central Bank of Iraq said in a statement Sunday.

It said inflation was being driven by fuel price increases due to fuel shortages.

Fuel prices have increased dramatically in Iraq's black market because of a shortage of fuel supplied by the Iraqi government. A liter of gasoline is now sold in the black market for 1,500 Iraq dinars ($1), while its official price is only IQD250, an Iraqi economist said.

The statement said the central bank has taken new steps to curb inflation like increasing the interest rate of state-run banks to 12% from 10% as of July 15. It also said the central bank issued new treasury bills to drain liquidity.

The central bank said last month that it was planning to issue IQD180 billion ($120 million) of treasury bills every three months in a bid to curb high inflation.

http://framehosting.dowjonesnews.com...1210001&Take=1

Any of the Dinar gang hear any confirming news about the peg this week? This is the long awaited week July 24 - 28th. Are your sources saying that it is going to peg this week or have they grown silent? Inquiring minds want to know (g)

worf

Originally Posted by Offshore-Wealth.com

Hi Eric,

Quiet is what it is, and for good reason, everything is in place, as well as the investment law which Parliament passed, so we wait to see why it was so important for Maliki to travel all the way to White House to meet with Bush again. Having seen Bush visit Iraq only last month, I cannot think of a more logical reason for Maliki to come to DC if not for important announcements, especially since investment law is now in place, so all this was planned quietly to coinside with meeting, so we shall see on Tuesday or Wednesday.

Good luck to all, Mike

Thought I would bring this post forward from 2 days ago...Reason? It gives me that shiver-y, tingle-y feeling that I REALLY REALLY LIKE!!!

Tiffany:

,” the statement said.
The government approved the draft investment law at a meeting on Wednesday and referred it to parliament for discussion and approval.

I assume they are referring to this past Wednesday - are you aware that parliament has approved?

Originally Posted by stratco

Tiffany:

,” the statement said.
The government approved the draft investment law at a meeting on Wednesday and referred it to parliament for discussion and approval.

I assume they are referring to this past Wednesday - are you aware that parliament has approved?

Yes thats right the parliament will approve the law this week!!!

The way that I read Mike's post is....everything is in place, as well as the investment law which Parliament passed,....

His reference to Tuesday or Wednesday coincides with Maliki's travels to the U.S. for meetings at the White House tomorrow and Wednesday....I am ALSO finding it VERY coincidental that Maliki met with Blair PRIOR to his trip to the U.S....why would it be needed if he was to see him in a few days in the meeting?

....ALSO...I forget where I heard/read that Maliki was to go to New York AFTER the meeting with congress. Not a specific place in NY so lets think about what could be of interest...hmmm...what is in New York....?....Statue of Liberty.....probably not....New York Stock Exchange?.....perhaps...got my wheels turning!

...I should be a detective...

Originally Posted by pipshurricane

Voices of Iraq: Malki-Britain-Investment
Posted by: nadioshka on Monday, July 24, 2006 - 10:26 AM
Malki-Britain-Investment
New law to provide enough guarantees to investors in Iraq- Malki
Baghdad, July 24, (VOI) – The Iraqi Prime Minister Nouri al-Malki said the new investment law to be referred to the parliament for approval this week would open wide the doors to investing capital money and provide enough guarantees to investors willing to set up projects in Iraq.
Malki was talking during a seminar with investors and immigrant Iraqis in London on Sunday night, a cabinet statement said on Monday.
“Iraq is going on with reconstruction in spite of the terrorist attempts that aim at hindering the rebuilding and reconstruction,” Malki was quoted as saying.
Iraqi ministers of oil, electricity, trade and planning, accompanying Malki, discussed the “promising horizons for investing in these fields to urge investors and entrepreneurs to make use of the available potentials and set up projects that help improve the services in Iraq,” the statement said.
The government approved the draft investment law at a meeting on Wednesday and referred it to parliament for discussion and approval.
The draft provides for establishment of an investment authority whose task will be to facilitate investment and offer exemptions from taxes and fees according to the nature of the area where the investment will be undertaken.
The new draft law also allows the investor to repatriate capital and returns without obstacles after payment of all dues to the Iraqi government and the private sector.
Malki arrived in Britain on Sunday at the start of tour that includes the United States.
The prime minister’s office said on Sunday that Malki would discuss with senior officials in the two countries “two major files which are the security file and the economic one that includes investments and reconstruction, in addition to the Israeli raids on Lebanon and its negative implications on the region.”



http://www.aswataliraq.info/modules....rder=0&thold=0

Tiff you will find your answer right here in this article:

The Iraqi Prime Minister Nouri al-Malki said the new investment law to be referred to the parliament for approval this week