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

The first item of article 10 in chapter three of the new investment law grants investors the right to transfer project capital and returns outside of Iraq in a transferable currency. This gives way to practice international money laundry in Iraq and opens the local market to trade of drugs and other illegal practices under the label of investment.

This quote is alittle strange, and wonder if it has to do with the change that was added to the CBI site resently. I am sure it does, to cover this worry.

These gaps may be reason the law is exploited in a way harmful to our national economy, said al-Sabah’s article. These weaknesses must be revisited as well as the entirety of the law that does not suit Iraq’s economic capabilities.

These gaps may be reason the law is exploited in a way harmful to our national economy, said al-Sabah’s article. These weaknesses must be revisited as well as the entirety of the law that does not suit Iraq’s economic capabilities

I also wonder if this is the reason things were slow or, if this is going to cause the r/v to be slowed up even longer by them hassing it out more.

Now I can Smell it Better. Seems everyday is really closer and closer to the reallity of the r/v at anytime.

Btw the PM's are back working.

Originally Posted by neno

Now I can Smell it Better. Seems everyday is really closer and closer to the reallity of the r/v at anytime.

Btw the PM's are back working.

With all this news with the foreign investment law and the investment oil law the central bank have no choice to R/V because the demand for the dinars will be to much stronger to support this.So we can't miss the boat right here.

Originally Posted by pipshurricane

Yes great news Adam has post the same news has yours on this same page :))
more news below!!!

Noozz Editorial
Aug 27 2006

Unlike poor nations that created investment laws granting foreign investors privileges and economic concessions, Iraq is rich with resources and the shortage of investments is not at all for economic reasons, said an article in Iraqi daily al-Sabah.


Customs and tax exemptions and other facilitations granted by the investment law were not required as conditions for investments while the deteriorating security condition remains the main reason behind investors’ reluctance to invest in Iraq.

The Iraqi investment law provided great economic and investment concessions that could be considered weaknesses. They open the door to illegal profiting through exploitation of the gaps in this law and using real or fake projects to benefit from the law’s privileges.

An investor who will show interest in Iraq will not be weighing the economic attractions against the security condition and be willing to risk their lives and capital. Investors will rather be interested in benefiting from the law without facing the security condition.

The first item of article 10 in chapter three of the new investment law grants investors the right to transfer project capital and returns outside of Iraq in a transferable currency. This gives way to practice international money laundry in Iraq and opens the local market to trade of drugs and other illegal practices under the label of investment.

Item four of article 13 in chapter four allows investors to determine materials to be imported for the intended project. This provides a chance to make use of customs and fee exemptions to import goods for sale in the local market or for re-exporting. Or investors can import goods in excess of the project’s need and sell the surplus for great profits.

Investors are allowed to re-export project assets according to item three of article 24 in chapter seven. This could be used for illegal trading under labels of existing projects.

These gaps may be reason the law is exploited in a way harmful to our national economy, said al-Sabah’s article. These weaknesses must be revisited as well as the entirety of the law that does not suit Iraq’s economic capabilities.

Noozz.com | IRAQ

Looks like they have only one solution to strengthening these weaknesses. Come on r/v, the Iraqi people need a new pair of shoes!

Originally Posted by pipshurricane

With all this news with the foreign investment law and the investment oil law the central bank have no choice to R/V because the demand for the dinars will be to much stronger to support this.So we can't miss the boat right here.

"ph", I believe in this with all my energy as well as every one else with the energy of hope. Wow!! This is so "Real" Now.

One thing that bothers me is the quotes of things that need to be hashed out more. I am wondering if they are feeding the media this news of what they are doing, or what they still need to do?

Call for Shiite autonomy as Iraqi tribes demand peace


BAGHDAD, Aug 26, 2006 (AFP) - A powerful Iraqi politician called Saturday for the Shiite south of the country to become an autonomous region as tribal leaders vowed to work together for peace.

Prime Minister Nuri al-Maliki warned a gathering of tribal sheikhs from across the war-torn country that Iraq would not be free from foreign occupation until its rival sects and ethnic groups agreed to live together.

His initiative led to a "pact of honour" between the traditional leaders to work together to halt Iraq's slide towards all-out sectarian war.

But at the same time, one of Iraq's most influential politicians called for the vast, oil-rich Shiite region south of Baghdad to become a self-governing area stretching from the holy city of Najaf to the port of Basra.

Abdel Aziz al-Hakim, head of the Supreme Council for the Islamic Revolution in Iraq (SCIRI), said a referendum should be called in the region to endorse a breakaway, an idea which is fiercely opposed by Sunni leaders.

"Our biggest assurance to our people is that federalism be implemented in the centre and south of Iraq," said Hakim, according to a statement issued by his movement's office in Najaf on Saturday.

"This is a guarantee to our sons and grandsons that injustice will not be revived," Hakim was quoted as saying, referring to the period under Iraq's former Sunni ruler Saddam Hussein, during which Shiites were persecuted.

Hakim's statement came as Maliki welcomed hundreds of hereditary chieftains the leaders of clans and tribes to which all Iraqis owe varying degrees of allegiance to talks in Baghdad aimed at halting a surge in violence.

"Iraq cannot be built by violence, but through serious dialogue. Liberating our country from the presence of foreign forces cannot be done without unity and national consensus," Maliki told delegates.

"This cannot be done without the role of tribes which represent the fabric of Iraq ... A tribe should play an essential role in confronting terrorism and shut the doors for sectarian violence," he added.

The sheikhs responded with a promise they would persuade their followers to put aside bloodletting, but calls for autonomous regions put Maliki in a difficult position as he struggles to hold together a fractious coalition.

Federalism has strong support among his own Shiite constituency and the Kurdish minority in the north, which suffered under Saddam's centralised rule, but is opposed by many Sunnis.

Sunnis fear that an autonomous Shiite south and Kurdish north would hoard Iraq's oil wealth and fall under the influence of neighouring Iran, which allegedly arms militias linked to Shiite political parties.

Abdulrazak Suleiman, a Sunni tribal leader, called for federalism to be put on hold for five years and implicitly accused Shiite militias of receiving Tehran's support.

"We demand a professional Iraqi army. We should dismantle militias and prevent neighbouring countries from interfering in Iraqi affairs," he told delegates at Saturday's meeting.

He also called for the government to make a distinction between what he called the "national resistance" insurgents opposed to US forces and "takfiris", or Sunni extremists who have killed civilians.

Some Sunnis want insurgent fighters to be pardoned, to draw them in to the peace process.

Iraq has been plunged into chaos since 2003, when Saddam was overthrown in a US-led invasion, creating a power vacuum which has been exploited by religious militias, insurgents and death squads.

A parliament was elected in December but it was not until June this year that Maliki named the last minister in a fragile government of national unity.

Already, his authority has taken a beating from a wave of sectarian violence which has pitted extremists from the Shiite majority which was persecuted under Saddam against Sunnis who were coddled by his regime.

Health workers say this dirty war of tit for tat bombings and murders accounts for 50 deaths per day in Baghdad alone, although US commanders believe a joint US-Iraqi security plan began this month has stemmed the tide.

Observers warn that if the security and reconciliation programmes do not deliver rapidly on their promises, Maliki's government could lose control of a situation some see as already close to an all-out civil war.

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Iraq

By Kamal Taha

Call for Shiite autonomy as Iraqi tribes demand peace - Zawya.com | Middle East Business News

Iran to offer $1 billion credit line for Iraq's economic projects

24 August 2006

TEHRAN - Iran intends to establish a $1b credit line in Iraq to encourage investment and participation in the country's major economic projects. The conditions on how to use the funds are yet to be elaborated and specified, general manager of International Relations Office at Iran's Ministry of Industries and Mines announced on Wednesday.

"Aziz Jaffar Hassan, financial advisor to Iraq's vice-president, was in Tehran this week to discuss the terms and conditions of such an agreement with Mohsen Shaterzadeh, the ministry's economic deputy. Both sides endorsed a draft for common projects in the neighboring country," Ghader Soleimani added.


A joint special committee of top ranking experts and advisors from both countries are to follow up on Iran's proposed projects in Iraq and the committee is to have one meeting every six months alternately in Tehran and Baghdad.


Hospital and road construction, medical equipment, poultry, tile, electricity transfer lines, construction and renovation of power plants, communications, mining, ship repair and other industrial activities are among the sectors of interest to Iranian side, he said.


© Tehran Times 2006

Iran to offer $1b credit line for Iraq's economic projects - Zawya.com | Middle East Business News

Iraq PM urges tribes to join unity plan

BAGHDAD, Aug 26, Iraq's prime minister Saturday urged the country's myriad tribes to join his national reconciliation plan to stamp out sectarian strife.

«Brothers, the national reconciliation is a wide door, open to all those who want to take part in rebuilding the country,» Prime Minister Nouri al-Maliki said in a speech to hundreds of tribal leaders at a national unity conference.

It is the first of four conferences planned across Iraq by the new national reconciliation committee, which al-Maliki set up last month to unify country's major Muslim sects, the Shiite and Sunnis.

«Liberating the country from any foreign existence and controlling the enemies can't be achieved without a real national unity among Iraqis and this is the role for our tribes,» said al-Maliki.

«These tribes have to play a significant role in fighting terrorists, saboteurs and infiltrators,» he told the leaders, according to a report of the Associated Press.

«Yes to unity, yes to Iraq,» a few tribal chiefs chanted in between the speeches. «We are all brothers in this country,» they shouted.

«Iraq, at this stage, needs all its sons. There is no difference among Kurds, Arabs and Turkomen, Muslims or Christians, Sunnis or Shiites,» al-Maliki said. «That doesn't mean that we don't have different opinions, but we have to rely on dialogue not weapons,» he said.

Dr. Akram al-Hakim, the minister for national dialogue, said all Iraqi politicians of different backgrounds must make concessions to each other to achieve unity.

«But at the same time, I say that such concessions should not violate our national and constitutional principles,» he said. «The reconciliation cannot be achieved by appeasing one group and discriminating against another."
Article originally published by Saudi Press Agency 26-Aug-06

Iraq PM urges tribes to join unity plan - Zawya.com | Middle East Business News

With the participation of a large number of economists and businessmen Iraqis
Source : Middle East - 27/08/2006
CDR Iraqi Development and International Dialogue in Amman today, symposium on the development of the private sector's role in the economic future of Iraq and the proposed draft legislation law oil region of Kurdistan, with the participation of a large number of economists and businessmen Iraqis.
The head of the center, Dr. Mahdi Al-Hafiz the importance of the institutional environment of economic reform laws and regulations for private sector development and to facilitate its activities on the basis of sound economic competition. according to market mechanisms as stipulated in the "Petra".

He called Al-Hafiz to the formation of a strategic vision for the integrated development of the role of the private sector in the national economy, and enable business organizations to play this role and make a difference in the direction of economic policy.

He emphasized the importance of national unity and reject all manifestations of violence and terrorism and enable the State to perform its duties and functions of the normal garrison force homeland security and citizen.

He called on the President of the International Federation of Businessmen in Iraq Reza Ragheb, to coordinate the efforts of Iraqi businessmen in negotiations with the World Trade Organization and the European Union and all international blocs and the need to facilitate the movement of businessmen in all countries, and the removal of barriers for movement of personnel, goods, capital and participation in economic decision-making. As reported by the Jordanian News Agency.

He called on the Chairman of the Iraqi businessmen Thamer facilities. attracting investments to the Arab world and to enact legislation that gives investors the opportunity to invest in the Iraqi town. indicating the role of the private sector in the map of the Iraqi economy in the areas of industrial, commercial and agricultural.

The Engineer Consultant Hisham artillery idea of a strategy to develop the activities of the private sector in the Ministry of Housing and Reconstruction. He pointed out the need to build 295 thousand housing units annually.

The oil expert Dr. Kamel Almahidi remarks on the law of the proposed oil region of Iraqi Kurdistan. He pointed out that the law focuses on the importance of decentralization and federalism between Iraq and the whole of Kurdistan. within the region and anticipating federal law, which is supposed to be based federal laws Territories.

Al. Iraqi Forum acts in Rotterdam in the Netherlands Aktobramegbl
Source : Kuna - 27/08/2006
Governing Chamber of Commerce and Industry Iraqi International in the Netherlands during the month Aktobramegbl forum Iraqi businessmen and Dutch research into ways of enhancing areas of economic and commercial cooperation between the two sides.

The Director of the Chamber's branch in Jordan Omar Al reporters today that the Forum, which will be held in collaboration with the Trade Center in the Dutch city of Rotterdam of the Netherlands during the period from the eighth until the 13 October examines ways to develop economic relations Iraqi Netherlands.

He added that the goals established partnerships between them in various fields of economic, trade and investment and means of developing the economic sector to contribute to Iraqi reconstruction.

The Forum aims to inform Iraqi businessmen on various global economic developments to enable them to keep abreast of the latest global developments in the areas of investment, trade and the formation of international economic relations firm.

The Chamber of Commerce and Industry Iraqi International is a non-governmental organization founded in 2005.

Iraq tribal chiefs sign 'pact of honour' to halt bloodshed

BAGHDAD, Aug 26, 2006 (AFP) - The leaders of Iraq's powerful tribes on Saturday signed a solemn "pact of honour" vowing to halt their country's slide into the chaos of sectarian war.

Amid scenes of celebration at a Baghdad hotel, the chieftains -- who represent clans from across the country and all the major ethnic and religious groups -- promised to support a government-backed peace process.

Reading the charter, Sheikh Faal Namah said he and his colleagues vowed "to preserve our country, stop bloodletting and displacement among Iraqi people and halt the activities of takfiris (violent Sunni insurgents)".

The accord will be seen as a boost for Iraq's embattled prime minister, Nuri al-Maliki, who had called on the traditional leaders to support his plans for a broad-based peace initiative which will culiminate in national peace talks.

Earlier Saturday, insurgents killed at least seven people, including four members of a Shiite family fleeing their home in Baquba after threats, police said.

Seven bullet-riddled corpses were also found in northern Iraq of men killed in apparent sectarian attacks.

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Iraq-tribes-unrest

Iraq tribal chiefs sign 'pact of honour' to halt bloodshed - Zawya.com | Middle East Business News