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

Araji: the year 2010 will be the achievements

Between the President of the Investment Authority, Sami al-Araji said all obstacles facing investment in the country continues after the efforts made at both the local and international companies to persuade to enter the Iraqi market.

"They said in a press statement Tuesday, said dependence on oil alone is one of the major obstacles that prevent the Iraqi economy will benefit from the liquidity in times of boom in the oil market or accumulated wealth, noting that the amendment of the investment law, the latter, and conferences inside and outside the country had a role in the events of a jump to activate the investment.

And Araji said this year will be the achievements, because the roadmap drawn up by 750 investment projects in Iraq.

http://radionawa.com/ar/NewsDetailN....012&LinkID=151

Iraq signed an agreement with the World Bank for a loan of two hundred and fifty million dollars

Said Iraqi Finance Minister Bayan Jabr, the Iraqi government signed an agreement with the World Bank for a loan of two hundred and fifty million dollars deductions paid semi-annually, and an interest rate not to exceed one percent and the duration of payment of up to five years.

Zubaidi said in a statement Wednesday that the current value of the loan is part of the largest loan has been agreed upon with the World Bank and the value of half a billion dollars, noting that the loan will be in cash to Iraq to be used to finance the deficit in the state budget for the current year.

"Now, it came through the agreement signed between Iraq and the World Bank recently, noting that if it does not contribute to current loan bridge the shortfall in the budget, Iraq will resort to borrowing again from the World Bank.

http://radionawa.com/Ar/NewsDetailN....014&LinkID=155

Radwan, yesterday: sticking to the nomination of Iraqi Prime Minister Allawi

Declared a member of the Iraqi list Radwan, yesterday, that his list committed to the nomination of Iyad Allawi to lead the next government.

And, yesterday, said in a press statement that the formation of the government will take a long time and that the reason for the delay is due to the nature of alliances and negotiations in this regard.

He pointed out that Allawi's nomination to head the government if achieved, will be according to the choice of ministers principles of efficiency and citizenship .. He pointed out that everyone in the list agreed that the next government must be effective government and ministers of the owners of efficiency, integrity and orientation Iraq.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-03-31

Speaking on behalf of Iraq: can not establish a formal opinion poll to choose the Prime Minister

Spokeswoman said Maysoon al-Iraqi List said Wednesday that he can not establish a formal referendum to choose a prime minister, indicating that Sadr's movement from right to establish an informal public referendum to choose a prime minister.

Damluji explained that holding a referendum to formally choose a prime minister is unreasonable and is not possible, measures will need to be as many of them to pass the Parliament, and would require financial allocations.

The Sadrist bloc Her 40 seats in the Iraqi National List coalition had proposed on Tuesday to hold a referendum to choose the next prime minister, after the controversy flared up on a candidate prime minister, who was the cause of the failure to reach an agreement to merge the state of law coalition led by Prime Minister Nuri al-Maliki and the Iraqi National's Ammar wise to form a government.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-03-31

Maliki and Jaafari discuss the results of the elections and form the next government

Head of coalition rule of law, Nuri al-Maliki said "those who face bore the burden of dictatorship and the history and insisted that build a state based on constitutional, it is necessary for them to unite to find a solid base to form the next government as quickly as possible."

He said al-Maliki during a meeting in his office the President of the National Reform Movement, Ibrahim al-Jaafari to "identity of views between the National Coalition and the state law to move forward in the performance of this entitlement."

For his part, al-Jaafari to draw out "the necessity of openness and expanding to other entities in order to form the next government on the basis of partnership and other hope is that there is a government expands vocabulary items for each Iraqi political arena."

The meeting also discussed the results of the elections and the counting process and a young sort of appeals and objections made by most of the political components that participated in the elections to the competent court for consideration and decision.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-03-31

Iraqi Kurds will fail to expand territory

Iraqi Kurds will fail in bid to grab more land and add it to their semi-independent enclave, the Governor of the Province of Nineveh said.

Atheel al-Nujaifi said major political blocs in the country were unanimous in attitude that none of the major Kurdish demands should be met.

Nujaifi did not spell out those demands, but the Kurds have repeatedly demanded annexing the oil-rich city of Kirkuk and large swathes of Nineveh Province of which Mosul is the capital as well as having a big say in developing oil fields in their region.

“All the blocs have identical stands vis-à-vis Kurdish demands. No bloc is willing to give them absolute guarantees,” Nujaifi said.

He said in fact there was “not even a possibility for these blocs to have those demands under discussion. Therefore, they (the Kurds) are going to lose.”

The Iraqiya bloc of Ayad Allawi beat its rival State of Law Alliance of Prime Minister Nouri al-Maliki just by two seats.

Nujaifi and many in the predominantly Sunni Province of Nineveh strongly support Allawi’s secular bloc.

However, he said both major blocs, one of which will eventually form the new government, were in agreement that Kurdish influence and expansionist moves must be checked.

The Kurds now control three of the country’s 19 provinces – Arbil, Dahouk and Sulaimaniya.

But their Kurdish alliance, dominated by two of the region’s most powerful parties, lost to Allawi in Kirkuk, the city they want to add to their autonomous region.

http://www.azzaman.com/english/index...03-30\kurd.htm

Financial form a committee to organize the work of private banks

Ministry of Finance has set up a committee to organize the work of private banks in line with the banking system established by the government in the country, as Advisor to Finance Minister Zia Alckheon.

He Alckheon that "the Commission is composed of 16 members for the purpose of banking controls unification of private banks in the system of benefits and profits and financial loans to citizens."

Alckheon He continued, "This step comes for the purpose of activating the banking system in force in the country, according to the controls bank rolling between the Alternator to attract Arab and foreign funds to invest in the country."

Iraq has adopted a system (C-any or any of) the world to assess the performance of Iraqi banks, and become the third Arab country to have applied this system for the purpose of improving the performance of banks and urged them to adhere to the laws and instructions and to create competition and provide advanced services.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-03-30

Basra governor, Turkish consul discuss investment opportunities

The governor of Basra has met with the Turkish consul to discuss possible investment opportunities in the province, an official statement said on Tuesday.

The meeting was also attended by members of a Turkish association, according to a statement released by the governor’s office and received by Aswat al-Iraq news agency.

The visit aims to acquaint the delegation with the economic situation in Basra, the statement pointed out.

Governor Shaltagh Abboud al-Mayah has called on the delegation to visit the investment commission, the Chamber of Commerce and the businessmen’s union to have a thorough vision of the potential projects in Basra, the statement added.

http://en.aswataliraq.info/?p=129397

Canadian company seeks investment in Basra

A delegation from a Canadian company held on Wednesday a meeting with officials of the Basra Investment Commission (BIC) to discuss the possibility of establishing projects in the province, a media official said.

“A delegation from a Canadian company discussed today with the Basra Investment Commission the establishment of development and constructional projects in the field of international airports as well as housing, commercial and health projects,” Ahmad Wahied told Aswat al-Iraq news agency.

“Basra needs development and reconstruction after the destruction of most of its infrastructure in the past period,” he noted.

http://en.aswataliraq.info/?p=129454

The developmental role of the banking sector

Known that the monetary policy of the central bank was successful by all standards and in accordance with international standards and recognized by international experts and directory administration of Iraq, proper management of cash without being influenced by the great global financial crisis and reduce inflation rates and work on a new plan to open up global markets and local markets of a desire to open ports to the markets Local to compete in the auctions of the national currency.

What we want through this introduction that the private banks in Iraq, disclosed to her development and therefore it is time to rely on building strategies to expand lending to the Iraqi private sector in addition to the potential for development and indicate the possibility of entering the housing sector, even though the initiatives of the partial reconstruction of homes and assisting in the conversion of the building housing horizontal to vertical and thus open new doors to move the Iraqi market.

Add to this that the banking sector needs to prepare to move the Iraqi Central Bank is opening up to foreign currency auction and develop the role of the private sector and opened plants or stock exchanges, particularly outside of the Central Bank but within Ala_ak_ip regulations and directives in force, thus creating a new realm of competition between private banks to activate and the expansion of banking their tools, we also note that the tools are in electronic banking is still in the beginning of the road (especially the Almstr Card and Visa Card), for example, the reason that the banks still have so far not made the best customer who accepts the acquisition of such distinguished service and thereby increase the demand for this service.

The banking sector today is still playing an influential role in bringing his new role instead of the old role, which had imposed the internal environment but to the will of the votes was An inevitable and was dictating to banks that Tdlo A bucket of TBI when we read about the project Leading finance a power plant in Kurdistan Iraq, and that they intend to lead the work now Financing of the electricity sector in Baghdad and other provinces.

Will step up to the ranks of regional banks in Egypt and the UAE and Lebanon, or whether we are going to invoke the rule of circumstances or the situation as the title objection to the flow of private funds to banks in order to stimulate sectors of the local market.

http://www.alsabaah.com/paper.php?so...age&sid=100031