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

Government approves 5-year development plan

The Council of Ministers on Tuesday approved the five-year development plan (2010-2014), according to an official spokesman for the Iraqi government.

“The council approved today (April 27) the five-year development plan after taking into consideration the proposed adjustments by some ministries,” Ali al-Dabbagh told Aswat al-Iraq news agency.

http://en.aswataliraq.info/?p=130860

Bassem Sharif: decisions of the accountability and justice would delay ratification of the final results of the elections

Spokesman for the Islamic Virtue Party on behalf of the Sheriff, "The decisions of the Justice and Accountability recent delay endorsing the final results of the elections," he said, "The delay also would disrupt the meetings of the new Council of Representatives and form the next government."

The judiciary had decided to exclude candidates from 52 political blocs participate in the elections and the votes granted to them by the electorate on the basis of the decisions of the accountability and justice.

Sharif said in connection with the Agency for the independent press (Iba), "Iraq is passing through and the situation since the end of the vacuum representative for former House leading to the disruption in the path of political and democratic," he said.

And ended with the constitutional period of the previous House of Representatives in the sixteenth of last month.

Sharif said that "the issuance of such Alqraratoppezh critical period may generate a situation of political tensions between the blocs."

They accused some of the forces and political figures, influential political actors to take decisions of the accountability and justice to influence the election results.

http://www.ipairaq.com/index.php?nam...itics&id=24406

Kuwaitis receive Iraqi plane in London, the decision to freeze the assets of the airline

A British court on Sunday the decision to freeze international assets of Iraqi Airways after a lawsuit demanding that Kuwait, Iraq, by what right to compensation Baktalla airline sabotage after the Iraqi invasion in 1990.

The Times of London reported on its website Wednesday morning that a group of lawyers who represent Kuwait Airways were waiting for the Iraqi aircraft, and carried a Supreme Court decision issued on the same day and the freezing of international assets of Iraqi Airways.

And raised the Iraqi Airways flight to London, an old legal battle between Baghdad and Kuwait and the recent claim for damages the civil aviation sector to enter Kuwait after the Iraqi Kuwait in 1990.

The newspaper reported that Kuwait is seeking to get 1.2 billion dollars in compensation for the stolen aircraft in 1990, pointing out that the second day of the Iraqi invasion has been set at Kuwait International Airport, which contained a dozen aircraft and more than 3 million pieces parts were transported to Baghdad.

Kuwait continued since then its claim for refund within the aircraft longer an issue of a commercial dispute in the history of Britain.

The newspaper noted that in 2004, the British court decision gives Kuwait the right to requisition funds from Iraqi Airways to settle the case, Baghdad refused to accept the decisions of British courts.

The newspaper reported that Iraqi officials Airways flight on Sunday, which landed at Gatwick Airport in London, rejected the court's decision to freeze the assets of Iraqi Airways.

On board the plane and the Iraqi Transport Minister Amir Abdul-Jabbar Ismail as well as director of Iraqi Airways struggle Jabbar Hassan.

The paper quoted Chris Gooding, a lawyer representing Kuwait Airways saying, "It is unrealistic to think that Iraqi Airways can begin its flights to places Madrojp within the scope of judicial authority is required to pay the amount of 1.2 billion dollars without that there will be consequences."

The newspaper pointed out that since the overthrow of Saddam Hussein in 2003, Baghdad has denied responsibility for the Kuwaiti claimant for compensation, noting that the invasion in 1990 was by the former regime.

The newspaper added that pressure from Kuwait after the Iraqi government admitted last no potential for development of a settlement to resolve this problem as it tries to build its shattered economy after the US-led invasion on Iraq.

The newspaper pointed out that in 2008 when he was angry with Kuwait to detect deal to supply Baghdad fifty new aircraft worth up to 6 billion dollars by the Boeing Company and Bombardier Canadian manufacturer.

Kuwait has resisted pressure from the United States in 2009 to write off Iraqi debt, compensating them and suggest that Iraq pay for the reinvestment of these debts in Iraq, the rejection of the Kuwaiti side of the proposal altogether.

The newspaper quoted a senior official at Kuwait Airways declined to be named said yesterday that Iraqi rejection of the freeze is not based only on lies and calling it a "mark of shame (in the words of the newspaper).

http://www.ipairaq.com/index.php?nam...onomy&id=24366

Talks between Tehran and Baghdad on the work of drilling for oil and gas in Iraq

Iraqi officials have begun talks with officials from Iran on the possible implementation of the excavation to extract the oil and gas in Iraq's future, according to news agency IRNA.

The agency quoted an official in the National Iranian Drilling Company Heydar Bahmani, in a report that "Iran is currently engaged in negotiations with Iraqi officials concerning the commencement of the drilling to extract oil in Iraq and trying to open an office in Iraq."

Bahmani said Iran could compete with foreign companies with experience of the United States, Britain, France, Russia and China in the oil and gas sector in Iraq.

The strained relations between the two countries when the forces of small Iranian oil field inside Iraq last December and raised the Iranian flag on an untapped oil wells

http://www.radiodijla.com/cgi-bin/ne...?id=2010-04-26

Arrested a gang of counterfeit currency in eastern Baghdad

Military forces have this evening arrested a gang of counterfeit currency Consisting of 3 persons in the area east of the capital Baghdad Husseiniya.

The Zkrmsdramni to the reporter That the arrest was during a search of one of detachments of troops to a civilian car that aroused suspicion after Toffermalomat intelligence it.

Pointing out that found the amount of 91 million dinars from the category of 25 fake was placed inside the trunk. Indicating that he was arrested the gang members, and control Amount Almzcorvdila to take legal action against them for the purpose of referring them to the competent courts.

They state that Iraqi army forces arrested on Saturday a gang of hijackings up to 5 people in terms of unit south of Baghdad during the hunt by members of the Iraqi army after the receipt of information of its presence in one of the homes within the parties on the unity and the gang was based Ptsil citizens and traders, taking their cars by force

http://al-iraqnews.net/new/security-news/6671.html

Supplement of U.S. economic: We are working to stimulate the private sector and accelerate economic reform

The relationships of Iraq's economic - the U.S. towards a new development at the economic booming real quiet in the dialogues in order to establish the rules of the fruitful interaction and exchange between the two countries within the framework of the Iraqi Strategic Framework Agreement - American.

To highlight more than held morning economic dialogue with the extension of U.S. economic Patricia Hasllach, who confirmed the possibility of building units for cooperation and strategic coordination on the economy and energy, under the Convention on the strategic action, in addition to other committees, continuing in the area of coordination, especially for the Investments Committee and the private sector and financial Add to this Energy Commission.

Indicated that the Special Committee to services and that is through coordination with the Iraqi government representative, Dr. Rafie al-Issawi continues to deepen this aspect.

The Hasllach We have seen real intentions seeking investment from businessmen Americans, therefore, we are working to coordinate in order to create investment opportunities with the Iraqi side and building a climate suitable for cruise capital of America to Iraq, said that the volume of U.S. investment in growing, especially in the energy sector and the agricultural sector, which will see many events During the coming months. announced Hasllach the Office of Agricultural Affairs in partnership with the U.S. Department of Agriculture will hold an expanded conference during the month of June special agricultural trade in Iraq, and a continuation of the path of the Washington Conference of the investment. It showed that the U.S. government is seeking to support the efforts of the next Iraqi government to diversify the proceeds of the national income and reduce dependence on oil as a return key to economic rent, and this is by encouraging the Iraqi private sector, the agricultural sector and labor therein, which embraces more than a quarter of the labor of Iraq, and I think Iraq was a race in the Middle East to export and packaging of processed agricultural products and contribute to the agricultural sector today in 10% of the gross national product of the state.

She said that he will join 30 U.S. companies in the agricultural effectiveness that we referred to a specialized forages and manufacture as well as genetically modified seeds and during the last quarter of 2010 we're going to effectively again and likely to expand visits to companies in the U.S. to Iraq to represent the health sector and the pharmaceutical industry this year.

She noted that the month of May 2010 will see the delegation's visit a senior Iraqi businessmen and the private commercial sector of the United States in order to participate with small and medium entrepreneurship development in the city of Houston. And hinted that the U.S. government today is focused on encouraging air and maritime transport, as that Iraq represents an attractive area for investment in the transport sector, especially marine and that he could compete with the Gulf states and to build a similar experience of the United Arab Emirates in the field of ports giant.

Hasllach indicated that the United States continues to transfer modern technology and the training of Iraqis after the innovation of new techniques in the field of research expeditions to the private sector working in information technology, and the end of this April will see the return of many Iraqi companies operating in the m.obile industry and software that has contributed to training courses to receive everything is new and aspiration advanced technology in the United States an opportunity to create a new generation in the private sector Information Iraq. Concerning the initiative Obama to the Muslim world to promote development and economies of Islamic countries, she said Hasllach President Obama and achieve all that he promised in his speech at Cairo University to improve U.S. relations with the world Islamic, including Iraq, the summit this month to participate, Iraq in support of promoting economic growth and will join the 50 countries participating in the conference, which will represent the five continents in the world, we will focus on Iraqi businessmen of both sexes and we will encourage them.

And Iraq's entry into the World Trade Organization, revealed Ambassador economic Hasllach, that going into Iraq thinking today via two trends, current first stream is refusing because he believes we will come back to a policy of dumping the commodity without the feature to remember, and the current second is that going into Iraq will give a real advantage of the Iraqi economy as a committed to global integration.

We believe that entering Iraq would encourage companies in the world all to deal with Iraq, which will be a strong message, despite some limitations, but will work on the modernization of economic systems and policies, especially in the customs and intellectual property rights and the disposal of waste, we should remember that Iraq was a race to contribute internationally to regulate the tariff customs.

And hinted at the efforts of the U.S. Agency for International Development in supporting the efforts of the private banking sector to lend to entrepreneurs in small and medium-sized applications tremendous too.

The aim is to encourage these banks to grant credit banking.

She concluded her speech by saying Patricia Hasllach today we are waiting for the new Iraqi government which we hope to complete the march of the previous government performance to develop and strengthen the status of the Iraqi economy and reform progress and advancing ages

http://www.alsabaah.com/paper.php?so...age&sid=101559

Private banks ... New window to support the economy and national development

Increased in the recent activities of the private banks, civil, whether commercial or Islamic financial intermediation and monetary circulation and to increase their capital to participate in this banking business, which led to make a big leap in the banking business in Iraq.

In terms of increase in the number of private banks in Iraq from 17 banks in 2003 and for 100 branches to only 30 banks and 600 branches in the year 2010 by 22 commercial banks, traditionally, 8 Islamic banks, which also contributed to the revitalization of fact, investment and head with that question through a new support or carry out investment projects across the country and various sectors.

Says Faik Nasser Hussain E.xecutive Director and the agency for the Association of Banks, Iraqi Special: It has been that the banks through several stages in a series of developments and changes to the modern system of investment banks, which contribute to strengthening the economies of the country and the development of economic and human resources which, within the studied plans for the advancement of sects with through the preparation of software banking system is modern and an increase in the banking and investment cooperation with foreign banks. The adoption of the credit cards to work in Iraq, and that N.okia Iraqi citizens need to move money in large quantities while on the move from one place to another, but can carry only a credit card, now known as such plastic cards, which would ensure that exposure to paper money theft or damage during pregnancy, a system adopted by the private banks and not others is thus considered a breakthrough is calculated during the current stage.

He adds: We have approached the Ministry of Finance to adopt a credit card in the disbursement of staff salaries and left the traditional way in the transfer of large amounts of exposure to the risk of theft, and others, and instead work by setting salaries in the financial accounts, the staff member concerned to withdraw Maizhae of money according to his desire, and need or put as accounts under way or in savings within the banking transaction modern and civilized much better than the traditional method of disbursement of salaries.

He continues: It is the actions taken by banks to be linked electronically all its branches in Baghdad and the provinces in order to facilitate the filing of exchange between this branch or that, and that does not exist in government banks, under which citizens can deposit of money in a bank in the province of Basra, for example, checked out of the bank's branch in Baghdad, and so on ...

He points out that private banks and under evaluation by the central bank in 2009 to budget the financial year 2008, and by controlling the Audit Department on the ground in the central bank, got the banks to positive comments ranged between good and very good at according to a global assessment of banks called (CAMELS), which based on the measurement of capital banks and movement in the market and the asset quality and management efficiency, and how liquidity and the sensitivity of the impulsive, the market and the risks and act in accordance with the indicators, a true indicator for measuring the performance of the bank adopted by all circles of the global financial, where the evaluation results for the nine banks to assess very good rating and thirteen banks on the degree of good out of twenty-seven banks questioned evaluation by the Department of Audit on the ground in the Central Bank of Iraq.

Adds in those we have mentioned are very different from the statements issued by the Ministry of Finance that private banks could not perform the role assigned to them in economic activity in Iraq, make the ministry back on its decision to assist and support those banks for failing to carry out the tasks assigned to them, a statement that appeared in the media recently, the Ministry of Finance is the regulator of banks eligibility, but the central bank as the sector responsible for the accountability of the banks in case of lack of control over the liquidity ratio or its credit standing and non-recovery of debts and not to put financial allocations needed to cover Mkhatralaitman.

In the eyes of Mahmoud Mohamed Mahmoud, an economic advisor to the Bank of Kurdistan for Investment and Development has stated that the duties of private banks for contributing to the national economy is the most important contribution in the investment and development in the long term by working with investment projects, medium-and long-term any of the (3-5) years, taking adequate safeguards to develop the economy and national wealth and utilization of human resources and the elimination of unemployment and employment, as evidenced by an increase of capital of private banks from 30 billion dollars to 160 billion dollars at the moment.

He adds that the Bank of Kurdistan expressed his willingness to form a kind of partnership and alliance with the Islamic banks other similar view to the implementation of investment projects and major development in the sectors of infrastructure, tourism and service first and foremost the construction of complexes of the population, which succeeded the Bank in financing and supporting a number of them in the region of Kurdistan, and the stage future will witness the entry of Islamic banks in the combined financing and implementation of important projects in the housing sector which needed to be large sums required by the cost of implementation.

http://www.alsabaah.com/paper.php?so...age&sid=101557

Oil Ministry to open five branches of the Office of the Inspector General in the provinces of the country

Was opened by the Office of the Inspector General in the Ministry of Oil has five branches in the provinces of the Middle Euphrates.

And the transfer of the National Center for information about the Inspector General at the Ministry of Oil Ala Messenger Muhyiddin as saying: "The opening of new offices aimed at combating the phenomenon of financial and administrative corruption and to preserve the country's wealth".

"I heard" the new offices were distributed among the Central Euphrates provinces "in order to strengthen the regulatory role of the Ministry.

He said he "was to create specialized cadres in following up cases of corruption in all its forms and to ensure the smooth flow of work according to official channels."

The Inspector General offices in the ministries to exercise the oversight role on the administrative side in the ministries.

http://www.ipairaq.com/index.php?nam...onomy&id=24446

Etihad starts services to Baghdad

Abu Dhabi Etihad Airways on Monday commenced non-stop flights from Abu Dhabi to Baghdad, becoming the first airline in the UAE to operate to the Iraqi capital.

Passengers on the inaugural flight, which departed from Abu Dhabi Airport at 10am, included Abdullah Ebrahim Al Shehhi, the UAE Ambassador to Iraq; Dr Abdullah Al Jumaili, cultural attache, and Ahmad Jaber, acting Charge d'Affairs in Iraq.

Etihad chief E.xecutive James Hogan said: "These new services are an important step for Etihad and for the UAE, reflecting a commitment to strengthening ties in the region. We believe demand on the route will build quickly, particularly from government and business travellers. We also expect to see strong interest from people from Iraq connecting through Abu Dhabi to Etihad's extensive global network."

Etihad will operate five return services a week to Baghdad, using two-class Airbus A320 aircraft, and will expand its operation with two additional A320 return services to a second Iraq destination — Arbil — from June 1, subject to government and regulatory approvals.

Five return flights

Etihad's flight EY555 to Baghdad departs Abu Dhabi on Mondays, Wednesdays, Thursdays, Fridays and Saturdays at 10am, arriving at Baghdad's international airport at 11.25am the same day. The return flight, EY554, departs Baghdad on the same days at 12.30pm, arriving in Abu Dhabi at 3.50pm.

http://www.zawya.com/Story.cfm/sidGN...20to%20Baghdad

Importance for the Formation of a New Government in Iraq Underlined

President Bashar al-Assad on Tuesday discussed with Iyad al-Samarrai, Chairman of the Accord Front and Speaker of the outgoing parliament in Iraq, the latest developments in Iraq.

The talks also dealt with the importance for the formation of a new government in Iraq guaranteeing the participation of all Iraqis in the political process, in contribution to the fortification of the unity of Iraq, and to the bolstering of the security and stability of the country.

Al-Samarrai voiced the appreciations of the Iraqi People for the efforts exerted by Syria to facilitate the participation of the Iraqis, residents in Syria, in the recently held Parliamentary Iraqi Elections, as well as for Syria's persistent support for the security and stability of Iraq.

http://www.zawya.com/Story.cfm/sidZA...q%20Underlined