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

(Voice of Iraq) - 15-09-2006 | This issue was sent to a friend

Second exhibition for the reconstruction of Iraq opened in Arbil
Erbil (northern Iraq) - Lena Siaoch life-15 / 09 / 06 / /

Yesterday began in Erbil of the second conference for the reconstruction of Iraq, under the banner of Al hand in hand to build Iraq », Park, on the Irbil »and will continue until the 18 of this month. The exhibition, organized by the Center for the Development of Al Iraqi economy »cooperation with the Al Erbil International Exhibition». He expected Undersecretary of the Ministry of Trade in the government of Kurdistan Rahman Abdullah told Al-Hayat », to participate in the exhibition, more than 800 Iraqi company, Arab and Asian, European and American, representing 27 countries.

He also pointed to the existence of areas devoted to the procedure and the other for the space, and the number of wing reserved ranging between 180-200 Wing, and that there is groups of companies contributing on behalf of one company ».

He pointed out that the territorial government is the source of funding and support for the exhibition, pointing out that it seeks to stabilize the history of the exhibition. so is held annually in lieu of the Baghdad International Fair, until security conditions.

The Chamber of Commerce has established the Iraqi-American their first for the reconstruction of Iraq from 15 to 18 September (September) of last year. The exhibition will second this year in the city of Sulaymaniyah for the period from 11 to November 14 of the next (November).

The Serious about the desired economic objectives of the establishment of this kind of exhibits as "a mechanism correlation between local and foreign companies, The benefit of the international experience in various areas, in addition to the possibility of access to external agencies of the investment companies in Kurdistan, and throughout Iraq. He stressed the important point in the exhibition, which is the definition of the participating companies to the investment law of Kurdistan, "These events considering a great opportunity to promote the investment law to take advantage of it and work».

Sotaliraq.com

Originally Posted by neno

Hello to you all. I just got 2 request to all our new Members and Present Members.

1. Please reserve this thread for all the news links with Articles and Links for verification. We have and you can start more threads if you like. And we have a "Crazy Thread" as well.

2. It is time to go and tell and invite all you know to come here and celebrate with us on this count down together. If we all can do this, I believe this forum for the dinar will stay awake until the anouncement tomorrow that has been predicted by some great members we have here at rolclub. I personally challenge you all to gather all the dinar holders and get them here for the "Count Down". I will continue to keep this thread clean until the r/v announcement. At that time it will be a party all over "RolClub". Now lets get them all here for the "Energy" to move the "Heavens" Together!!!!!

Hello All

neno is trying to keep this thread clean,
please have fun but post in the right threads.

Regards
admin

One reason for the escalation in prices is found in the interest expressed by foreign and regional banks in taking over these small Iraqi private banks. 'It is more practical and cheaper for a foreign bank like HSBC to take over a local bank already established' explained one banking expert. Reports say that HSBC is buying a controlling stake in the Dar Salaam Bank which is a small private bank whose shares are primarily owned by a local Iraqi businessman. 'Shrewd Iraqi entrepreneurs are making considerable fortunes out of their old banking business' the same expert added.

Interestingly, some banks made gains despite heavy selling for profit taking. Dar Salaam Bank for instance whose shares have averaged at ID40 for a long time was selling today at ID58 up 10% on last close price. No doubt this stupendous rise is explained by the expectation of the foreign take over, by HSBC. The Middle East Bank which is said not interested in a foreign sell off nevertheless made further gains today. It was up by 1.5% closing at ID10. There were 100 million shares worth ID 1 billion, $0.7 million, bought during the session. The Commercial Bank of Iraq likewise stood the pressure. The stock of this bank rose to ID21.75 up by 1% on previous close

I think this is an interesting caption I found...from ISX. HSBC UK is our bank too and will be calling our contact Manager there about developments... its a vicious circle here... but one needs to be clearly on the lookout with eyes like a hawk in the next follow up hours...or days!!!



YB. - cheers to the RC CARE Group....

Sotaliraq.com

Iraqi security forces seized a car carrying two thousand pounds of explosives central Baghdad
Baghdad - (Voices of Iraq)
The multinational force today, Thursday, the find of troops from the Iraqi army at a car carrying two thousand pounds of explosives downtown Baghdad.
According to a statement issued by the Multinational Forces received news agency (Voices of Iraq) independent copy of today that "soldiers from the division six Iraqi army found a car carrying a large quantity of explosives yesterday morning (Wednesday), the center of Baghdad, They neutralized. "
The statement said that a team of explosives experts in the Iraqi army, "and arrived on the scene,
After the Iraqi soldiers surrounded the place Pacific vehicle, and found two thousand pounds of explosives type (TNT) linked to the vehicle. "
He pointed out that because of the "quantity of explosives was great. There can be detonated in place.
The team dismantled. The neutralization. "
On the other hand, The statement added that the soldiers of the Iraqi Security Forces and Multi-National Division arrested until Tuesday, "more than (100) suspect, The confiscated (1200) unlicensed weapons, and they found the (31) cache of weapons. "

Cheers!
DayDream

Originally Posted by neno

Hello to you all. I just got 2 request to all our new Members and Present Members.

1. Please reserve this thread for all the news links with Articles and Links for verification. We have and you can start more threads if you like. And we have a "Crazy Thread" as well.

2. It is time to go and tell and invite all you know to come here and celebrate with us on this count down together. If we all can do this, I believe this forum for the dinar will stay awake until the anouncement tomorrow that has been predicted by some great members we have here at rolclub. I personally challenge you all to gather all the dinar holders and get them here for the "Count Down". I will continue to keep this thread clean until the r/v announcement. At that time it will be a party all over "RolClub". Now lets get them all here for the "Energy" to move the "Heavens" Together!!!!!

Don't worry about staying awake all night. The Europeans and Aussies will take the next shift! We want you bright and chirpy for the BIG MOMENT. Here is to the r/v announcement!
BTW, I can't gather any dinar holders as I am the only one here. Everyone else I know, including family, thinks I am crazy for buying dinars!

Translated version of http://www.iraqigovernment.org/

For the sixth time in a row Iraq market of securities to achieve a rise in the shares and indices Assembly

Baghdad : Ali Jasim
It seems that the sudden rise in the exchange rate of the Iraqi dinar days ago, in addition to the availability of oil derivatives, in addition to the rise in the dollar market for securities Iraq, the volume of trading in its shares, pointing to the improvement of the Iraqi economy in a positive and reflect the efforts of the governmental and non-governmental organizations for the advancement of Boaz p Iraqi economy. The market witnessed Iraq for securities in its sixth consecutive rise, according to a regular circulation followed by the investigators feeling is reassuring corrective movement in the prices of shares traded. In the third meeting convened by the circulation of the market during this month deliberated shares of the company (24) while the number of shares in circulation the e (571) million shares exceeded the value (1.405) billion dinars through the implementation (428) contracts, The closed Almehrabam the market (28.722) points high rate (2.541%) of the previous meeting. It is up to the movement of the index in the last six meetings believe that the upward movement in the index and a gradual and continuous, where the indicator rose from 24.461 to 25.075 to 26.001 to 26.742 to 28.010 to 28.712, up by ( 17.4%) during the last six meetings, The average index of the market to the extent of 28 points since mid-May 2006. At this meeting deliberated the shares of 10 companies which rose bank rates contributed 5 companies is the Bank of Babel by 10.7% and the Bank of the Middle East by 10%, followed by the Bank of Basra by 5.1% and the Iraqi National Bank by 3% and the Bank of Baghdad, a rate of 1.8%. With a rates shares fell 3 companies are Gulf Bank by 8.8% and Commercial Bank, 2.1% and the Bank of Dar es Salaam by 0.4%.
With Hafiz Islamic banking and trading official at the same rates the previous shares. The banking index closed b (40.156) points, up by 1.016% from the previous meeting. The share of the banking sector of the number of shares traded has exceeded 438 million shares, or 76.7% of the total number of shares traded P j meeting and the value of 1.130 billion dinars, or 80.5% of total volume.


The Bank of the Middle East has the highest proportion in terms of the number of shares traded, which amounted to 31.1% and 39.9%, respectively, of the number of shares traded and the volume of transactions of the banking sector, Having been trading of more than 136 million shares at a value of more than 450 million dinars. The manufacturing sector has been circulating shares of eight companies only, rates increased prices of shares of seven companies are metal and motorcycles by 25.8%, the highest rate of increase at this meeting then the Rafidain for carbonated beverages by 16.67%, and light industries by 13.79%, carpets and furnishings, 8.06% and electronic industries by 7.14% and industries cartoons by 6.66%. With the company maintained Baghdad for carbonated beverages at the same rates the shares at the previous meeting. The decline rates of any industrial companies during the meeting and the industrial index closed b (12.362) points, up by 2.03% from the previous meeting, It is up to the movement of the index of industrial meetings in the last three shows rise by 2.5% price rises in the market of Iraq was not confined to the banking sector as a sector leader in the market, but the rise included industry, which was always his declining earlier. The company achieved Baghdad Beverages gas Yeh highest proportion in terms of the number of shares traded and the volume of transactions during the meeting in the industrial sector amounted to 45.8% and 43.4% of the number of shares and trading volume in the industrial sector, After deliberating more than 47 million shares worth more than 67 million dinars. and finally been circulating shares of 24 companies increased rates shares of 13 companies fell 6 rates and the five companies maintained the same rates the shares at the previous meeting. With 28 companies are still parked out of circulation because of the its annual general and conceal Et decisions of its staff and 15 company suspended the decision of the securities.

Cheers!
DayDream

Originally Posted by Webster

Don't worry about staying awake all night. The Europeans and Aussies will take the next shift! We want you bright and chirpy for the BIG MOMENT. Here is to the r/v announcement!
BTW, I can't gather any dinar holders as I am the only one here. Everyone else I know, including family, thinks I am crazy for buying dinars!

OK Know I am a bit slow but can someone please explain. As far as I can figure out Baghdad is waking up to Friday. If Friday is the Holy Day would they be making any announcements?

Possibly, but Friday is normaly a day off for them. Their work week is from Sun thru Thursday.

Originally Posted by maxib

OK Know I am a bit slow but can someone please explain. As far as I can figure out Baghdad is waking up to Friday. If Friday is the Holy Day would they be making any announcements?

Would seem to make sense to me. I don't really think the the government ever takes a day off even if it is a holy day. I would think making the announcment in the middle of a buisness day would cause mass chaos. Can you imagine going into a store and buying a shirt with a $20 bill and as soon as you walk out you find that your $20 was actually worth $20,000.00.