Thread: Archive News - Iraqi Dinar Think Tank - 28/03/10 - 21/06/10

50 Chinese firms exhibit goods at fair in southern Iraqi province

A trade exhibition at the southern city of Nasiriya has drawn 50 Chinese firms, a senior provincial official says.

“Nasiriya is now playing host to 50 Chinese firms exhibiting various products,” said Ali Fahad, a deputy governor.

Nasiriya is the capital of Dhiqar Province which mainly relies on agriculture as the mainstay of its economy.

The Chinese are very much interested in markets across the country. Shops brim with Chinese goods almost everywhere in Iraq. Fahad said the exhibition will continue until the end of April. The goods on show include clothes, foodstuffs and electronics. The fair is the first such economic activity wholly undertaken by foreign firms in the province. Provincial officials see the fair and the large interest by Chinese firms as a good signal for a better economic future for the impoverished region.

“The exhibition is important for the province’s economy. It encourages foreign firms other than the Chinese to come forward,” Fahad said.

He did not say whether the Chinese would invest in the province’s poor and rickety infrastructure. However, Fahad said: “The Province has made it very easy for the Chinese to take part in the exhibition,”

He did not elaborate.

http://www.azzaman.com/english/index...04-15\kurd.htm

CBI sells $123m on Thursday

The Central Bank of Iraq’s (CBI) dollar sales dropped to $123.995 million in its daily auction on Thursday, compared to $179.200 in the previous session.

“The demand hit $10.370 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $113.625 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 16 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=130274

Pending oil issues with Kurdistan to be resolved soon - Oil Ministry

All pending oil problems with the Kurdistan region will be resolved soon, the official spokesman for the Iraqi Oil Ministry said on Thursday.

“There are intensified efforts to end the pending files between the Federal Oil Ministry and the Kurdistan region regarding exporting oil mechanism, oilfields and the region’s oil share,” Essam Jehad said in a statement received by Aswat al-Iraq news agency.

“The ministerial committee is studying the legal mechanisms which will allow the region to export oil to Turkey,” he added.

“Exporting oil from the Kurdistan’s oilfields to Turkey has a very important economic benefit to Iraq,” he underlined.

http://en.aswataliraq.info/?p=130262

Iraqiya criticizes State of Law’s alliance

Al Iraqiya List spokesman Haidar Al Mulla affirmed that the alliance between the State of Law Coalition and Iraq’s National Alliance is not clear yet.

Al Iraqiya List has many chances to ally with other parties, Al Mulla noted.

The Federal Court stipulates that to form a new government, both coalitions should be merged not allied, he argued.

Al Iraqiya List will withdraw from the political process if the State of Law Coalition and Iraqi National Alliance merge.

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

State of Law,National Alliance close to ally

Iraqi National Alliance senior official Wael Abdul Latif expects the announcement of an alliance between the State of Law Coalition and the National Alliance, he said in a statement to Al Hayat Newspaper.

Rows between both coalitions have not been resolved yet, he noted.

The alliance has not been announced yet on account of some unresolved rows such as work restrictions of both coalitions and the qualifications of the next Prime Minister.

State of Law Coalition spokesman Hajem Al Husni played down rows and said that delaying the announcement of coalitions’ alliance is due to technical problems while there remains some small details that need further discussions.

http://www.alsumaria.tv/en/Iraq-News...e-to-ally.html

Al Iraqiya delegation in Iran for talks

A delegation from Al Iraqiya Coalition led by Rafea Al Issawi started a visit to Tehran where they met on Wednesday with Iranian Parliament Speaker Ali Larijani and the secretary of Iran's supreme national security council, Saeed Jalili.

Both parties stressed that Iran is interested in seeing Iraq living in peace and tranquility, ISNA News Agency reported.

"The existence of a stable and calm Iraq serves the interest of the region, and the Islamic Republic of Iran is interested in seeing the Iraqi people in prosperity," Larijani said.

"We hope that all political groups based on their political weight participate in the future of the country in an atmosphere free from occupation and foreign intervention," Iran's top lawmaker added.

"Iran places importance on Iraq's security and stability and wants the formation of a government which is made up of all political parties who triumphed in the elections, Jalili was quoted by ISNA as saying. The delegation plans to meet Foreign Minister Manouchehr Mottaki "Al Alam t.elevision reported.

Al Issawi’s visit was aimed at promoting ties with Iran, the t.elevision added. He is expected as well to meet with Sayyed Moqtada Al Sadr over government formation talks and the possibility of new alliances, it noted.

"We want to have relations based on mutual respect. We gave this message clearly to the Iranian side and we told them that Iraqiya is ready to build the best of relations with its Arab and Muslim neighbors, especially with Islamic Republic of Iran," Al Issawi said.

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

Iraq Ministry of Oil to open new production unit in Dawra refinery

Iraq Ministry of Oil said that it is about to open a new production unit in Al Dawra refinery south Baghdad in order to answer the oil derivatives needs of the capital. A source in the company of Al Wassat Refineries said that the other refining unit of Al Dawra refinery will be inaugurated in June 2010 with a productivity of 70000 barrels per day after the inauguration of the first refining unit last year. The source added that the refining unit will lift the productivity of the refinery to 220000 barrels per day pointing that in 2010 the city will reach the stage of self-satisfaction in oil derivatives regards.

http://www.alsumaria.tv/en/Economics...-refinery.html

German company seeks to increase investments in Basra

A German company discussed on Wednesday with the Basra Investment Commission increasing its investments in the province, according to a commission's official.

"The IQ MARTRADE Company seeks to invest berth 8 at Khour al-Zubeir port and have a desire to establish oil pipes factory in the province," Ahmad Wahied told Aswat al-Iraq news agency.

"The company has several projects in Basra, including a project in berth 5 at Khour al-Zubeir port," he noted.

http://www.zawya.com/Story.cfm/sidZA...s%20in%20Basra

2nd oil digger arrives in Kirkuk

A new oil digger arrived in Kirkuk to contribute in developing and increasing the oilfields' production, according to a senior official of the Oil ministry on Wednesday.

"The Oil Drilling Company received the digger, the second of its kind to arrive in Kirkuk, and will establish it at Ugail oilfield and Hamrien fields, southwest of Kirkuk, to develop and increase their production," Kazem Khangar told Aswat al-Iraq news agency.

The oil ministry had signed a deal with an Italian company to buy 24 diggers.

The copmpany received the first digger last December 17.

http://www.zawya.com/Story.cfm/sidZA...%20in%20Kirkuk

Baghdad Council considering a proposal to withhold the ration card for educated

Chairman of the Committee on the citizens of the Baghdad Provincial Council Salem Tarc, said the council had already formed in the past year, a committee to monitor all aspects of vocabulary ration card, and the Council of Ministers formed a similar committee for the same purpose, noting that the committees and in coordination with the Ministry of Commerce has been charged by the the task of withholding the ration card items for staff who are paid more than two million and 500 thousand dinars per month.

He Tarc to Sabah newspaper Thursday, said that intensive meetings and continuous conducted with the Directors-General at the Ministry of Commerce in order to study the questionnaires and payroll provided by the ministries resulted in the Ministry to withhold the ration card for 22 thousand employees, noting that the ministries continue to provide statements for the same purpose, except that it He noted that the Defense and Interior did not progress so far no statements did not obscure the ration card for employees covered by the decision of the two ministries blocking.

The chairman of the Committee, for the preparation of the proposal to increase covered Bahadjb down to dispense card items and compensation amounts financed by oil revenues, noting that there are studies and ideas are discussed by the Committee included a call for inaccessible to an employee who earns a salary more than one million dinars in preparation for the final removal and compensation of the amount of 12 per capita as well as the adoption of the State system of food subsidies to avoid situations of monopoly or manipulate its prices by traders.

http://radionawa.com/Ar/NewsDetailN....166&LinkID=155