Thread: Archive News - Iraqi Dinar Think Tank - 08/09/09 - 09/01/10

Iman al-Asadi: potential vulnerability of economic relations between Syria and Iraq suffer if the survival of political tension existed

saw a member of the Legal Committee in the House of Representatives Iman al-Asadi probability of negative emotion, the economic relations between Iraq and Syria in the future if the survival of political tension existed between them.

The al-Asadi, told the independent press (Iba) said Wednesday that there are features of the impact on trade and economic relations between the two countries because of continuing political differences on the bloody bombings Wednesday, and that most of the conventions, including government, the situation could continue unchanged.

She added that the economic analysis of the impact of political tensions could be for a short period or long period, by virtue of overlapping relationships, either in the long term may make some kind of stability, and here would be the economic performance of his normal economic indicators.

Asadi and expected to be an exception conventions that included the imposition of penalty clauses in case of non-application by either party by virtue of the Iraqi or the Syrian Manst by global treaties. Pointing out that the relations between the two countries had some privacy in various areas of political, economic and cultural rights.

It should be noted that Wednesday's blasts, which occurred after the bloody day of the visit of Prime Minister Nuri al-Maliki to Syria and meeting with President Bashar al-Assad and his call on Damascus to hand over people believed in the association outlawed as well as preventing foreign fighters from infiltrating into Iraqi territory.

http://www.ipairaq.com/index.php?nam...onomy&id=15875

Security is not the only reason for the reluctance of foreign investment on Iraq
Privatization raises the sensitivity of those .. Bureaucracy and central planning inhibits local products for the benefit of the Iranian and Turkish

Company suffered Diyala Electrical Industries Iraqi government is currently a severe crisis, producing electrical converters, spark plugs, and ceiling fans, irons and thermal no-one wants to buy or can afford. Despite the low productivity of the company, has doubled its work force to three-fold. The deal collapsed, which was expected to attract the company $ 60 million of foreign capital. This was one of the few foreign investments in industries that are owned by Iraq. The U.S. government recently awarded the company $ 2.5 million to keep its main production lines, and protects workers from poverty and perhaps terrorism.

The next month would bring together the United States and Iraq, hundreds of officials and business ****utives at a conference runs for two days in Washington aimed at sending a message that, after 6 years of war, Iraq has become open to foreign investment, not only in the oil field. And Iraqi officials now boasts more than ever that the limited inflow of foreign investments, which include the first new hotel in Baghdad since the fall of Saddam Hussein is about to grow at a rapid rate.

But the reality of the company here refers to the economic development and foreign investment are facing obstacles that are beyond the issue of security; and that's where that industries subject to state control and dominate the country's economy from oil fields, textile factories and access to dairy products are no longer effective, but may have ballooned, as in the era of Saddam Hussein or perhaps more; It suffers from corruption, and frequent interruptions of electricity and the roads are paved, and it is still constrained by bureaucracy and central planning, which leaves them unable to compete with the invasion of cheap goods from Iran or Turkey or beyond.

Still new legislation designed to regulate investment, land ownership, taxation, financial services, consumer protection pending in Parliament. And raises just talking about the kind of privatization that swept Eastern Europe and the former Soviet Union in the wake of the collapse of communism, the sensitivity of the people here. Sami Araji says the Chairman of the Investment Committee of Iraqi nationalism in an interview «We do not seek to shock therapy, but we are trying to make a gradual change from a centralized to an open economy».

The Prime Minister Nuri al-Maliki publicly on U.S. Vice President Joseph Biden, at the beginning of this month «need for the success of the Conference».

But more on an advertiser, U.S. officials have expressed fears that it will not be more than a political demonstration before the electoral campaign for re-election al-Maliki, the Iraqi did not make more effort to create a solid foundation for foreign investment are willing to take risks in Iraq. Biden has emphasized in his meeting with Maliki and other senior leaders on the need to put more controls, and improve financial systems, according to a senior official who travels with him. The official says the reform will allow for example to ensure the institution of private investment outside the U.S. to extend loan guarantees to U.S. companies interested in investing in Iraq.

Some expect the new legislation is passed before the parliamentary elections scheduled for next year, and the problems of the site that followed, which may disrupt the reform processes and then investments to at least one year. Mjul says Mahdi Ali, Chairman of the Investment Committee developed Diala, «Capital is a coward, he is always looking for a safe place».

During his speech, an explosion rocked all over the capital; where a bomb exploded on the side of the road, killing three police officers. He criticized the show several government ministers were not interested in foreign investments, private or opposition explicitly. The Committee had been expelled from government offices before moving to Villa old and funded by local government but the American reconstruction team base of operations near the American front. He adds that he has not gone without salary for three months.

On the other hand, says that the idea of the local government on economic development is limited to the purchase of 10 thousands of taxi drivers and rental; which is contrary to his advice; arguing that the death may become easier to region in the world to ride a taxi, but «it is not an investment». In spite of the lack of security and stability and controls the legal non-actors, Iraq has begun to attract the attention of investors; has signed a «Daimler Chrysler» Automotive Industry signed an agreement with the Iraqi government last year opened an office in Baghdad. The company began «Case New Holland» International Company for the manufacture of tractors in the construction of the first tractor in 1250 tractors for the Iraqi government in a factory in Alexandria, which was the center of the insurgency in the south of Baghdad known as the «triangle of death».

The basis of the workers in July (July) for a hotel with a capital of $ 100 million, near the monument «Crossed Swords» Memorial to the international zone in Baghdad.

The Dr. Araji of the Commission on international investment in the guide to investors, which was published this year «to potential investors of open land for the development of projects that will meet Iraqi needs for expansion and domestic demand». He was optimistic before an indication of immaturity.

The Ministry of Industry last year, bids for more than 40 projects involving a partnership with the state-owned sectors, but has only received only 11. Have failed Most of these projects, including the presentation equivalent to $ 60 million for the electric company here in Baquba. The project has been established, which includes seven factories independent in 1982 and provide equipment from the «Mitsubishi» outdated now. The only reason to make such equipment is still working is that the workers have been replaced some spare parts out.

When the war was at its peak in Diyala in 2007, the company closed its doors; and the foundations of the Islamic Army in Iraq is one of the largest rebel group in Iraq, and hid the project director Abdel Wahed Sattar Mahmodo and killed his special assistant. The violence subsided and the plant returned to work again, although it will significantly help the U.S. reconstruction team and «team of economic stability» Body of the Pentagon that support economic development in Iraq. The task team is to restore production in the sectors of the country after American officials have sought after the invasion of Iraq in 2003 to close it.

He criticized the report of the Working Group in 2007, the factory management and described the plant as the most common problems «serious» «due to lack of efficiency». Did not help the government's policies to facilitate the process of obtaining a profit; has increased the Ministry of Industry to the number of workers in 3400 compared to the number of employees who reach 1200 after the invasion and raised salaries, helping to raise the cost of their products. At the same time, the decision by the Coalition Provisional Authority to reduce customs duties to reduce the price of foreign products. So that the factory now 12 thousand a ceiling fan, and about one million candles burning is sold and stored in warehouses.

Mahmoud says that while it raised the cost of one of the ministries, the Ministry of Electricity and complained that they could buy cheaper power transformers from abroad. Adding «The competition here is very difficult for me».

Iraqi law prohibits foreign companies from owning shares in state-owned enterprises, and prevent the Ministry of Industry and corporate restructuring, which requires the total layoffs.

Worse yet, if the factory here, when the Ministry of Industry held a deal with the consortium in Iraq worth $ 60 million, which was disrupted aid obtained for the steel needed for the establishment of electrical transformers, which can be one of the most profitable products in a country lacking to energy. But the consortium has been withdrawn in any case the deal this year because of the global economic crisis, according to some officials and decreased imports of iron.

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Parliament: Deportation of oil and gas law to parliament next failure is calculated on the current House of Representatives

back Vice-President of the Parliamentary Integrity Committee Omar Abdul-Sattar migrate oil and gas law to parliament next failure is calculated on the current parliament.

Abdul Sattar told the independent press (Iba) said on Thursday that failure to approve a law, which is one of the most important laws in addition to other laws, and carried over into the next parliamentary session can not only failed Qaattabarh calculated on the present Council.

He added that both parliament and government are responsible for the implementation of the promises of the Iraqi people through the implementation of projects and application of laws on the ground. Affirming that the political differences largest share of the delay to pass laws.

Abdul Sattar expressed surprise at the lack of seriousness in the adoption of the Social Security Act, which guarantees the allocation of a sum of money to each Iraqi citizen, whether employed or non-employees. Stressing the need for Iraq to Act to ensure equal living for individuals.

Abdul Sattar said that the government and parliament are called upon next big efforts and seeking to implement the reform programs of interest to the public interest.

The member of the House of Representatives on behalf of the Sheriff said that he had a law was enacted oil and gas, and a vote in the House of Representatives in the second month of the year 2007. Afterthought that "in 2007 and so far, the law has not been raised for discussion or to read, read first because of political differences and special interests, not to mention the uncertainty that developed in the Constitution on the investment of oil and gas law.

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Finance announces possibility of taking salaries from banking companies

The Ministry of Finance on the possibility of taking retirees and covered by subsidies and the salaries of social protection of the companies paid the adoption of the banking smart card starting from next month.

The general director of Bank of Iraq Abdul-Hussein al-Yasiri in a meeting yesterday with directors of bank branches that the bank was going to open branches across the country will be next week, opening a branch in Najaf, bringing the number of branches to 160 in Baghdad and all the provinces.

For his part, an expert in Abu Yes Rafidain oil during the meeting that the banking offices will begin operations by next month, salaries are paid to holders of the smart card and not to limit it sinks.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-09-30 09:06:22

Tai: the World Bank loan address the deficit in 2010 budget

Parliamentary Finance Committee announced that if the House of Representatives approved the supplementary budget, Iraq would lose the World Bank loan of $ 7 billion dollars.

The member explained Jabbar al-Tai told a news briefing that the World Bank loan address the deficit in the budget 2010 and Adoption of the supplementary budget, the World Bank would take it that Iraq does not need money to approve a supplemental budget being balanced for the original.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-09-30

Asiacell Launches Its Ocean Roaming Service

As part of its continuous belief in offering all that is new and innovative to its customers, Asiacell - the largest private Iraqi company and the first and only m.obile telecommunications company to provide coverage for all of Iraq - announced the launch of its new Ocean Roaming service that enables all Asiacell subscribers to continue to benefit from roaming services while at sea. Asiacell subscribers can benefit from this service to connect with friends, family, and business contacts wherever they are.

Commenting on this service, Dr. Diar Ahmed, Asiacell's CEO, said: "It is our aim at Asiacell to make quality m.obile technology accessible to customers across Iraq, which is why we continue to develop our services in order to target all customers. The new Ocean Roaming service is the first of its kind in Iraq and offers Asiacell subscribers a wider international roaming coverage as they can now stay connected whilst at sea."

He added: "This easy-to-use service is designed for international travelers that require simple, convenient, and a cost efficient way to keep in touch when travelling. We will continuously provide our subscribers with a comprehensive package of services and unique solutions that correspond to their needs, in order for us to remain their preferred and trusted choice of operator."

http://www.zawya.com/Story.cfm/sidZA...ming%20Service

Kuwaiti daily urges new friendly policy on Iraq

A Kuwaiti daily on Thursday urged the government to help ease UN sanctions on former invader Iraq by accepting joint investments for the tens of billions of dollars of war reparations it is owed.

"Compensation remains the main stumbling block or bottleneck in relations with Iraq," Al-Jarida newspaper said in a front-page editorial by former liberal MP Mohammad Jassem al-Sager.

"Resolving this issue has become a necessity through a new objective approach starting with reduction and following it through with the UN Security Council by obtaining the compensation in the form of joint investments," he said.

Sager, who headed parliament's foreign relations committee for almost a decade, said he is certain a Kuwaiti step to reduce compensation would have positive international, regional and Iraqi reactions. He proposes investing compensation in rehabilitating the marshes and Shatt-el-Arab waterway in Iraq and establishing international technology, medical and media cities on the common borders of the two Arab neighbours. Sager favours helping Iraq to get out from under crippling sanctions imposed under Chapter Seven of the UN charter, though he wants the United Nations to remain as arbitrator in resolving disputes between the two countries.

Kuwait has insisted that Baghdad cannot leave Chapter Seven before fully complying with UN Security Council resolutions relevant to its 1990 invasion of the emirate under former president Saddam Hussein. It has also rejected Iraqi proposals to resolve outstanding issues through bilateral dialogue, insisting that the United Nations should remain involved.

But Foreign Minister Sheikh Mohammad al-Sabah said last week Kuwait is considering a proposal by UN secretary general Ban Ki-moon for it to invest the billions of dollars of unpaid compensation inside Iraq in joint ventures. Iraq has already paid 27.62 billion dollars in reparations to individuals, organisations, companies and governments, around half of which was paid to Kuwait. The emirate is still awaiting payment of a further 25 billion dollars, according to the most recent figures.

http://www.zawya.com/Story.cfm/sidAN...cy%20on%20Iraq

Al Maliki announces State of Law Coalition

In preparation to Iraq’s legislative elections early next year, the State of Law Coalition List headed by Prime Minister Nuri Al Maliki was announced today. Al Maliki affirmed that the Coalition is away from apportionment and sectarianism. The Coalition announcement is a historic turning point in the process of modern Iraq reconstruction on strong national grounds fortified by competence and professionalism, Al Maliki said.

The Coalition adopts the principle of dialogue to solve pending issues and enhance constitutional institutions in what serves the country’s interests, he added.

Al Maliki reiterated his rejection to any foreign interference in Iraq’s internal affairs.

http://www.alsumaria.tv/en/Iraq-News...Coalition.html

CBI dollar sales up to $179m

The Central Bank of Iraq (CBI) dollar sales went up to reach $179.929 million in its daily auction on Thursday compared to $123.020 million during the previous session.

“The demand hit $3.890 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $176.039 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

http://en.aswataliraq.info/?p=119788

Kuwaiti MP: the need to overcome the complications arising from the Iraqi invasion of Kuwait in 1990

Emphasized the former president of the Foreign Affairs Committee in the Kuwaiti National Assembly Jassem Al-Kharafi on the need to overcome the complications arising from the former regime's invasion of Kuwait in 1990.

He called the Falcon in a press statement to convert Kuwaiti reparations owed by Iraq to development projects and investment benefit the countries.

He pointed out that Iraq can not currently pay compensation, this "is not permissible for Kuwait to put more pressure on Iraq, but both can benefit from such compensation building development projects that benefit them.

Falcon and spoke for a number of investment projects that can be implemented in this framework, including the reclamation of the marshes and cleaning of the Shatt al-Arab and build a city of technology and medical city on the border between the two countries.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-02 07:38:58