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

Originally Posted by pipshurricane

Land and property prices are falling as the economic recession and the security situation

Source : Al-Sabah - 10/09/2006
Long acts of violence and security chaos and economic stagnation real estate and business investment which took prices as real estate and residential land decreasing gradually since parallel with the high demand for rental housing in multiple areas of Baghdad.

Real estate brokers attribute the aggravation of the problem by the rich and the mega specialized real estate investment tending to neighboring countries in search of security and the lucrative investment and the successful completion of major projects and the preservation of their capital, as well as the protracted economic recession most aspects of life.

Meanwhile the senior investors for fear of staying in Iraq Vitnakula many of whom many incidents took place on some of their colleagues were abducted by organized crime gangs and released after the payment of hundreds of thousands and possibly millions of dollars ransom for a future release, as others talk, what happened to the one of the largest real estate investment companies in Baghdad, by gunmen wearing uniforms stormed the headquarters of the company.

What happens to work towards investors cast a shadow on the ground trade and investment in Iraq and led to a deep recession in the real estate market resulted in the decline of up to 50% of the prices of real estate and land in different areas of the capital offset by an increase in demand for rental of the high rent because of the displacement and increasing the number of Allen Azhin from different areas of Baghdad or the provinces. He said Mustafa Saad one of the real estate brokers in the Al-Mansur : The security situation and the economic recession has greatly impacted on the sale of land and real estate were the results of the flight of capital and investment in the neighboring Arab countries, and the prices of construction materials are being at least double what they were a year ago and little more.

He adds : that land prices decreased considerably while the price per cubic meter of a million dinars in some areas of Mansour price reached now almost 650 thousand dinars, as well as the price of a big house of 500 square meters in the Ghazaliya price reached 100 million, while its price up to 250 million dinars and so are the prices in other regions, The countries neighboring considerable concentration of the Iraqi capital invested in these countries in Amman for example, chose a number of major investors for the establishment of several areas of housing complexes and apartments as well as the creation of lavish pools commercial giant In Damascus, established investors Iraqis housing buildings to generate large sums of money, especially in the tourist season in the summer.

The "Saad did not spring from the ways our home for nearly one year due to lack of purchasing power of citizens and exit of investors but in the area of rental houses and apartments are in high demand, especially to the families displaced or deserted areas of the home." It is the hope of real estate brokers and big investors to witness this sector to new heights like drudgery after Sag Cat former regime and the rise in the volume of sales of land and real estate, by encouraging government offices, investment and the prevention of securing loans for the purchase of land and construction, investment and profits for the benefit of deducting state and paid in stages guarantees rests with the investor through the facilities before the incentive to see this sector collapsed difficult treatment.

BAM! BOOM!

Originally Posted by jsfletcher

OSW-
Any more good news today?

Funny,

I wish I did, but I am still hearing the same lower revalue, but at least we are hearing the same thing as my associates have said it could happen this week, Sunday, not to be a party pooper. LOL

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Funny,

I wish I did, but I am still hearing the same lower revalue, but at least we are hearing the same thing as my associates have said it could happen this week, Sunday, not to be a party pooper. LOL

Good luck to all, Mike

That's still great news. no pooping at all...lol

By the way here is a great read for everyone

ISX-Data.com / The Unique Situation of the Iraqi Dinar

It's about that time of day for Shotgunsuzie to come out on the forums. Ought to be very interesting the next couple of days. I'm ready for this train to stop at the reval station.lol

Originally Posted by jsfletcher

That's still great news. no pooping at all...lol

By the way here is a great read for everyone

ISX-Data.com / The Unique Situation of the Iraqi Dinar

Wow!!! Ol' Roger just keeps it coming. I like the part that the CBI is at its Mark. And no need for more print of the Dinar. Nice Post

The Problem with that article is. The CBI auctions off dollars not dinars. Rarely do they auction of dinars. They sell or auction off the Oil profits which are in dollars. If the Demand was so high for dinars that all these auctions were dinars! Woo hoo. But the demand is High for dollars in iraq not dinars.

Thats why they must do something and fast.

Originally Posted by Offshore-Wealth.com

Funny,

I wish I did, but I am still hearing the same lower revalue, but at least we are hearing the same thing as my associates have said it could happen this week, Sunday, not to be a party pooper. LOL

Good luck to all, Mike

Hi Mike,

I've been reading your old posts, I really like the way you think. What is the amount you are hearing on the lower reval?

Thanks,
Boogirl

Between .30-.40 cents to the dinar Boo.

Originally Posted by boogirl

Hi Mike,

I've been reading your old posts, I really like the way you think. What is the amount you are hearing on the lower reval?

Thanks,
Boogirl

PM SENT

Translation:arab to english


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


Baghdad / long
Resolving the issue of imported aircraft formerly of Bologna for the Ministry of Defense, which stopped because of the objection of the Iraqi side on the age and quality of aircraft, that the agreement on Maydhmen quality and the quality of imported aircraft.
He said a press statement issued by the Defense Ministry said that the visit of Minister Abdul-Qader Mohammed Al-Obaidi to Bologna yielded agreement on the processing of Iraq eighteen helicopter full specifications. Containing the protection and the processing of anti-aircraft missiles against rises of lying.
The statement said that the first batch of aircraft and number four will arrive in the country within a maximum period of the 60th day.
It was agreed at this visit, according to the statement. the ministry provided by the Polish side with modern electronic control devices and advanced control oil pipelines and refineries and energy networks and the vital objectives and the mission statement of the Ministry of Defense to the agreement was with the Polish army to provide carriers and tanks.
And on the results of the visit of Defense Minister to Turkey spoke statement on the ministry assistance grants of $ 2 million for equipment, military in addition to the activation of a previously allowed access to sophisticated and modern wheels instead of wheels precedent, it has been contracted.