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

Abu Dhabi firm in talks to build Iraqi homes mega project
Abu Dhabi-based developer Bloom Properties is reportedly in talks with the Iraqi government to build a huge property development in Karbala.

According to a report in the National, the development has been valued at $18bn – making it the one of the largest property building projects ever announced in Iraq.

“The UAE is leading the pack so far,” Kyle Stelma, managing director of emerging markets at Dunia, told the paper.

Bloom officials declined to comment.

If the Bloom bid is successful it would become the latest in a series of major developments in Iraq by UAE firms, including Damac Properties, Al Maabar and Bonyan International Investment Group, in recent years.

According to a report by Dunia, Emirati firms have invested $37.7bn (AED138.47bn) in Iraq so far this year, which accounts for almost a quarter of all investments.

Karbala, with Imam Hussein and Hadrat Abbas shrines, is one of the holiest cities for Shiite Muslims.

http://www.arabianbusiness.com/57440...-homes-project

Pentagon says US troops drawdown not contingent upon Iraq elections

The US Defense Department said on Tuesday that the drawdown of its troops in Iraq is not contingent upon the parliamentary elections taking place or not next January.

"The drawdown in Iraq is contingent of the fact that the president's policy is to have us down to roughly 50,000 troops by the end of next summer. That is what the drawdown in Iraq is contingent upon", said Defense Department spokesperson Geoff Morrell in a press briefing.

"The commander in Iraq would like to keep as high a level of forces as he reasonably can, through the uncertainty of the election period and the transfer-of-power period", he added.

Morrell said regardless of the parliamentary elections, the Pentagon will drawdown troops to 50,000 by the of the summer of 2010 and affirmed that this remains the case unless there is "a presidential decision to change that course".

But he maintained that there is "still plenty of time for these elections to be held" while noting that there is an opportunity for the election law to pass despite all the political differences around it.

http://www.gulfinthemedia.com/index....pe=Top&lang=en&

A new scandal on the Second Deputy Chair of the Council of Tariq al-Hashimi

In a statement is dangerous beyond the border, where it detects that the veto by the Second Vice-president Tareq al-Hashemi Council was not in his official capacity, but was planned on the basis of my party has to do with Pthalvath next election.

Where he said Saleh al-Mutlaq In a meeting of the Al-Jazeera that the veto made by al-Hashemi was stated in coordination with the National Movement, which includes several entities, national political, secular and Islamic, headed by former Prime Minister Iyad Allawi's decision is the decision to veto the new front and not the decision of Hashimi.

http://translate.googleusercontent.c...Y_w***2rOnOUOA

Office spokesman Al-Hashimi: premature to talk about specific position to the election law

spokesman for the Information Office of the Vice-President Abdel Ilah al-Hashemi, Kazim will closely study the amended election law passed by the House of Representatives careful study of his arrival in official, noting that the law did not arrive until this moment to Hashemi's office may be delayed days.

Kazim added in a press statement received by the independent press (Iba) a copy of it in spite of questions that accompanied the vote on the law, and contradictory paragraphs in it that Hashemi currently only deal with the law with the utmost responsibility and objectivity, taking into account all of the supreme national interest.

He pointed out that "talking about a specific position of Hashemi of the law now may seem premature, but we emphasize that the passage of any law for the elections must be taken to ensure that the voices of Iraqis abroad, according to the constitution and fair representation of minorities, while maintaining the seats from the provinces that the error undermined".

He Kazim added: "We hope to reach the law in a hurry to be able to al-Hashemi of the study and take the appropriate decision without further delay."

The House of Representatives has ratified Monday on amending the election law which was vetoed by Vice President Tareq al-Hashemi.

http://translate.googleusercontent.c...Ywi38QW5vEtUpA

Tima: If Hashemi aside the election law to parliament, the two options

MP's parliamentary bloc virtue Ammar Tohme that Parliament is now faced with two options if aside Vice President Tareq al-Hashemi election law again to deal with either new or veto veto veto.

Tohme said in a statement to the news agency reported that if the veto the amended law, the Hashemite option remains for the House of Representatives either to respond or invalidate the veto once again and the second requires a vote of the House of Representatives three-fifths of the members of the Council of Representatives, 165 Deputy Maisawi, expressing the belief that it is possible mobilize this number to overturn a veto if that happens.

http://translate.googleusercontent.c...5paO4ScppTXrGA

Trade Bank of Iraq to join the network Thomson Reuters electronic trading

Thomson Reuters announced today that the Trade Bank of Iraq will become the first bank in Iraq join the group of capital markets and trading in the foreign exchange system that uses Thomson Reuters electronic trading (Thomson Reuters Dealing).

And joining the network Thomson Reuters electronic trading (Thomson Reuters Dealing), will be able to Trade Bank of Iraq for the first time to identify electronic sources of liquidity and funding available in the global capital markets. The bank at the moment the management of trading in foreign currencies and its financial requirements by phone.

Can also be financial intermediaries to benefit from products and services direct to the system such as Thomson Reuters (Reuters 3000 Xtra), which is one of the best electronic trading systems performance in terms of providing information and real-time data and analytical tools for financial professionals. The code will be trading of the bank is (TBIB).

The managing director of Thomson Reuters for the Middle East and Africa, Basil Key: "This agreement comes within the framework of promoting global strength to Thompson Roetersvi the trading in foreign currency, pointing out that this is at the same time progress in Iraq's return to the community of global capital markets."

For his part, Vice President of Business Development at Trade Bank of Iraq Zaid Mahdi, "The link between bank market trading in global foreign exchange through the strongest sources of the world leader in the field of Toviralamalomat financial statements represents a new phase for Iraq and the Bank."

"We contribute to this step in the direction support Trade Bank of Iraq and enable it to expand the circle of financial products and services provided to corporate clients and Iraqi business growth and take advantage of investment opportunities available worldwide circulation. It is also further evidence of the return of business and trading in Iraq gradually to capital markets the World. "

It should be noted that the Trade Bank of Iraq, which belongs entirely to the benefit of the Iraqi Finance Ministry, was established in 2003 to facilitate Iraq's foreign Tisiraltjarp and the process of Iraq reconstruction after the end of the UN oil for food program. He succeeded Trade Bank of Iraq in establishing close ties with a network of 120 major banks covering 63 cities in 39 countries.

http://translate.googleusercontent.c...***FEmlaFuFQyg

Hadi al-Amiri: parliamentary blocs braced for a possible veto election law again

Emphasized leadership in Islamic Iraqi Council Hadi al-Amiri that "the cassation Vice President Tareq al-Hashemi of the article of migrants, and directory legal recognition by the Parliament."

Hashemi, who was demanded to amend the paragraph concerning the calculation of the compensatory seats itinerant abroad, and calculating the ratio 15% instead of 5% as approved by the electoral law.

The Amery told the independent press (Iba) "I do not think al-Hashemi will charge the law again if it is satisfied that a vote of itinerant abroad 100% guaranteed and without injustice to one with a fair distribution of seats."

He noted that "the reversal of the law-Hashemi was abroad because of the IDP, and this has been achieved and we included in the law and for each person the right to vote according to his province."

He stressed that "if reversed Hashemi law again Veselja House of Representatives for a vote again, pointing out that the rest of the majority bloc had anticipated for this matter."

The vote again on the law requires approval of two thirds of the members of the House of Representatives.

http://translate.googleusercontent.c...0_BV9mbgYuu9aQ

CBI sells $165 million on Wednesday

The Central Bank of Iraq’s (CBI) dollar sales rose to $165.197 million in its daily auction on Wednesday, compared to $131.900 million during the previous session.

“The demand hit $460,000 in cash and $164.737 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.

None of the 17 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=122553

Ahmed al-Alwani: There is a conspiracy hatched between the legal and the Kurdistan Alliance to amend the election law

MP Ahmad al-Alwani, the Accordance Front, Iraqi Vice President Tariq al-Hashemi will charge the election law again after the constitutional violation that accompanied the vote on the law.

The al-Alwani told the independent press (Iba) to vote on the election law had to be consensual political blocs and the acceptance of the prestigious House of Representatives of the Iraqi Accordance front, noting that there was no objection to interpose a great article that is not impugned article that had been overturned which caused the difference between all the political blocs.

He stressed that there is al-Alwani, circumvent the law and the conspiracy Ohict within the corridors of the House of Representatives of the Legal Committee and the Kurdistan Alliance was intended to reduce the number of seats in Nineveh province, and some other provinces and to increase the number of seats in the Kurdistan region.

He appealed to both al-Alwani, the Kurdish coalition and coalitions to reconsider their accounts in order to reach the political parties within the parliament to resolve on the election law.

http://www.ipairaq.com/index.php?nam...itics&id=18134

MP Jalal al-Saghir: convulsions taking place between the political blocs do not reach the level of qualifying

Ruled out the National Coalition MP Jalal al-Saghir, "The arrival of cases of convulsions taking place between the political blocs to settle political accounts".

Sagheer said in a telephone conversation That "the nature of the political blocs and the parliament is in itself lead to a situation in debates and discussions may be up to the case of intense debate."

He added the small "Such cases are things holds in most of the world, but does not reach to the case of armed aggression" (he says).

http://al-iraqnews.net/new/siaysiah/43908.html