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

Trade Bank of Iraq re-active after the terrorist bombing

General Manager of the Trade Bank of Iraq Hussein Al-Azri "The bank commenced its work on Monday morning in all its branches through the use of the banking system overall."

And the transfer of media source in the Ministry of Finance for Azri for saying that "the bank commenced its operations on Monday After exposure to a terrorist act On the morning of Sunday, 20.06.2010 car bombs driven by suicide bombers tried to blow Trade Bank of Iraq but that vigilance Guards And security procedures, the court prevented access to the bank where the terrorist act resulted in death of three guards and injuring 10 staff injuries in addition to a simple glass damage in the bank and high ceilings."

The Al-Azri, "there had been no fire, no harm, as any of the documents disseminated by a satellite TV, and insisted that the bank documents saved in safe locations, out of the bank can not be accessed," pointing to " The terrorist incident had long-shops Citizens and their role and the Board of the Department of nationality and conditions of Karkh, in addition to a school nearby and that students were Performing their final exams."

http://al-iraqnews.net/new/local-news/13769.html

Writer reveals the existence of an alternative plan to choose a candidate as Prime Minister

Said a member of the National Alliance for coalition rule of law, Ali al-Adeeb of the existence of an alternative plan to choose a candidate as prime minister, if not consensus on the three candidates.

He explained that if the writer is not consensus on the three candidates (Nuri al-Maliki and Adel Abdul-Mahdi, and Ibrahim al-Jaafari) will resort to the plan (b), the selection of a compromise candidate in accordance with mechanisms and grounds not disclosed.



http://non14.net/display.php?id=9349

Iraqi politicians want to ‘undermine’ each other instead of serving their country

In a recent interview, a senior Iraqi politician noted that a large parliamentary bloc has been formed. “The formation of the new bloc constitutionally cuts the road in the face of other blocs.”

So, functioning as burglars who bock roads and interrupt the smooth flow of passengers and traffic has become part of Iraqi political culture and the ruling factions.

Is not this the same culture of thugs and burglars of the former regime who ruled the country prior to 2003. The only difference is that today’s politicians add the word ‘constitutional’ to their new era.

‘Constitution’ for Iraqi politicians is like a mantra, a word devoid of meaning. They think when they cite this word, they appeal to the civilized and democratic world.

Everybody knows that these politicians and factions have no respect for the constitution which was drafted while Iraq was swirling in blood and still is.

And because the country works and functions ‘unconstitutionally’, a U.S. official is dispatched to Baghdad to work out a settlement for a government that should have been formed several months ago.

All parties are in need of U.S. support, though some seek aid and backing from other areas. Will Washington give up its silence and abandon the ‘neutral stand’ it has adopted in the past three months regarding who is to form the new government?

Why would anyone be embarrassed or even ashamed of U.S. interference? Is it not logical for the U.S. to put Iraqi house in order before leaving?

Or shall we wait until the U.S. withdraws its troops and then only believe that it does not meddle in Iraqi affairs?

No sane person would give credence to such logic. Washington’s interests in Iraq will not end by the departure of its troops. The Americans started the war and paid dearly for it. The war and its aftermath disgraced the U.S., its weapons, its reputation, its standing and its intelligence. This is not to mention the war casualties.

Who would believe that all these sacrifices the U.S. made for nothing? Who would believe that the U.S. would agree to and present Iraq as a gift to militias and factions with regional loyalties? If this happens, the table would most probably be turned on U.S. head in a few years’ time.

But the assignment of the U.S. envoy currently visiting Iraq is extremely difficult. The administration of President Barak Obama has left the impression that it is up to the disparate and rival Iraqi factions to put the Iraqi house in order.

This by itself is yet another tragedy for Iraq. The factions which Obama wants to rule Iraq have turned into burglars whose aim is to undermine each other and serve their own interests and those of their regional *******.

This is how things are in today’s Iraq.

http://www.azzaman.com/english/index...06-20\kurd.htm

Talabani and Maliki confer political process

Iraq President Jalal Talabani talked over with Iraq Premier Nouri Al Maliki establishing a common formula for action between all the Iraqi political blocs in order to get the country out of the current situation. After a meeting on Sunday night, the two officials stressed on the importance of preparing the political blocs for work before the constitutional term of the government ends. After the meeting, Maliki said that the national alliance did not nominate its candidate for the premiership nor did it set a choosing mechanism and added that the alliance will only present one candidate to the Parliament. Iraq Prime Minister discarded the idea of presenting more than one candidate saying that such a step will be unconstitutional.

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

Iraq's Allawi fears plots to assasinate him: report

Former Iraqi prime minister Iyad Allawi, who is locked in a struggle to form a new government after inconclusive polls, said in an interview Monday he had been warned of plots to assassinate him.

Allawi, who won the most seats in March elections but not enough to form a government on his own, told Britain's The Times newspaper that he had received warnings from American generals and Iraqi officials about plans to kill him.

His growing fear of being killed led him to request extra security measures from the Americans, who put up more concrete barriers around his house.

"I got a letter from the Americans saying that there is a plot against me," he said.

"Then some other friends in high positions also told me the same thing. These are evil people's designs."

When asked who might want to kill him, he replied: "I don't know." But he went on to suggest the outgoing government of his rival, Prime Minister Nuri al-Maliki, might be aiding the work of those targeting him, said The Times.

His comments came after two members of his Iraqiya list were shot dead in recent weeks in the main northern city of Mosul.

He claimed he asked the government for more protection around his home but security officials refused, so he turned to the Americans who agreed to put up extra barriers.

"This is more protection than I have ever had before, even at the height of the violence two, three, four years ago," he said.

While Allawi's Iraqiya bloc came first in the March 7 election with 91 seats in the 325-member parliament, no group has yet assembled the parliamentary majority necessary to form a government.

http://www.zawya.com/Story.cfm/sidAN...im%3A%20report

In partnership with the United Nations .. A new mechanism to fight corruption

According to a member of the Joint Council for the Fight against Corruption involving Iraq and the United Nations Paul Salem, a plan to combat corruption and overcome negative phenomena. At a time when our steps are control by the United Nations in relation to the operation of the strategic plan in Iraq, and from such plan (awareness and education) , which begins in the upper departments of community ministries.

He said in an interview with the economic -Sabah, said Iraq was committed to in the application of the United Nations Convention against Corruption. Because it became a member of the Institute of the United Nations by presidential decree.

And under item V of this Convention Iraq is bound to develop a policy to combat corruption and administrative reform and then officially called the plan ( strategic national anti-corruption ) and approved by resolution No. (17) of the Council of Ministers.

He said Paul had been instructed to formally collect papers inspectors general, and standardization of one paper, under the supervision of the Integrity Commission, noting that the importance of the objectives of strategic national anti-corruption is through the review of policies, directives and programs adopted to combat corruption for five years past that were based on the political program adopted by the national government, which Made a priority of its work to fight corruption.

Where we find that those programs were built on a fully convinced that the scourge of corruption negative effects devastating lead to the deterioration of the social status of the administrative , economic and political par with the scourge of terrorism and that it was the practice of plague the daily life of citizens, and imposes upon him the burden of physical and moral perpetuate and deepen the gap between it and the state, and represents A blatant attack on the rule of law and institutions, and a departure from the values and ethical norms and human right , and constitutes a major obstacle in the way of development.

There has been necessary to develop national strategy to combat corruption, ensure the provision of efforts to control the sources and causes of corruption and minimize its impact in all areas , namely, that efforts to mobilize awareness and action to confront it firmly and address the roots in a joint effort are mutually supportive of all institutions of society.

Thus the situation in Iraq the model presented in this reform strategy designed to protect society from the phenomena of corruption and promote a culture of integrity and building a state law and departmental governance and a culture of human rights protection.

He said this strategy is aimed at reducing opportunities for corruption by increasing the effectiveness and the role of community institutions (legislative , executive and judicial, religious, media, regulatory and civil society organizations).

These components accounted for the combined components of integrity and is an integral part of economic and administrative reforms , and through the implementation of the strategy will be the national anti- corruption They complement each other and the absence of one of them or neglect affect on the corner the other, or weakens it.

And can sum up the dimensions of the strategic management process at the level of the power centers of the work environment and activities required for each stage, in chronological order.

http://www.alsabaah.com/paper.php?so...age&sid=104416

The role of banks in the Provincial Reconstruction

Try the local authorities in the provinces to find sources of funding for their projects many and broken by the absence of caps financial start and implementation may not be different from the scene , including in terms of Mahromep experienced for decades , but some of them clear the dust of the past efforts of self and the exploitation of opportunities and specific factors that created them but still far By ambition.

Fell in other provinces and deepened the poverty and the arms of unemployment and stalled construction projects and desertified lands by the water crisis had been compounded by poverty rates did not find useful to save the plans that have been adopted to reduce those rates rising.

Escalating need for allocations of financial prompting local authorities to search for sources of funding, given the limited options did not reach those authorities to the objectives and limited plans the trend towards foreign investment and encourage the owners of capital and local demand for increases in the amount of money for investment from the general budget and some went to search for maximizing local income through the tourism sector Enjoyment or production of oil and deduction is named name ( Mex petro - dollars) in an attempt to meet the requirements for reconstruction and construction was after aggravated their debt by the assignment of major projects not covered currently through budgets allocated to its former image or scene in the provinces is a matter of the need to search For the financial means to achieve economic projects and the means and tools that can be used are the banks and specialized civil and governmental organizations.

Where it can meet the financial needs required based on the strategy being developed in the provinces under the supervision of the Ministry of Planning and take different forms large loans that finance giant projects that advance by the province and serve as a financial investment, fast and can fund the projects over the years of implementation , instead of waiting and making concessions and exemptions For those coming from outside the country.

That banks in most countries bore the burden of large and provided services to the advancement by the economies of their countries and it has the capacity and financial resources and their contexts, to maintain public property and funds their depositors , it has to get rid of the restrictions around and become the departments of development contribute to higher rates of growth, employment and profit-making And unless the trend towards rural and poor areas in the provinces of reconstruction will remain stalled and did not reach their targets , local authorities have a long wait the arrival of the investor.

It must be the exploitation of human potential in the provinces and harnessed to development goals and reconstruction.

That the banks are not the places for the deposit only are tools that real development could Marft restrictions if it would help activate other important activities related to the economy and society.

http://www.alsabaah.com/paper.php?so...age&sid=104417

Saudi soft drinks giant targets $1bn sales by 2012
Saudi soft drinks giant Aujan Industries is targeting $1bn worth of sales by 2012 as it mulls new markets and possible mergers, its chairman has said.

Adel Aujan said the company was on track to hit the revenue targets, after emerging from the global downturn unscathed.

He said the firm saw a more than 20 percent rise in revenue in 2009 and was expecting a similar increase this year.

"We're a one-riyal business. It's anti-cyclical. We do better in recessions than upturns. People don't buy expensive things in a recession but buy more of the low-priced items to compensate," he told Arabian Business in an interview.

Today, courtesy of its brands Rani, Vimto and Barbican, Aujan is the largest drinks firm in the GCC.

In 2008, the company nailed its target to deliver $500m in revenue 12 months ahead of its five-year plan and next on the game plan is the $1bn by 2012.

"The trick is staying ahead of the demand. That means expanding or existing plants and building new plants to keep up with supply. The challenge is to stay ahead in terms of capital, distribution and human capital," added Aujan.

Kadir Gunduz, the company's CEO and president, said two new plants were on the cards in the next two years, with Iraq a priority as soon as the political situation stablises.

The demand for Aujan products in Iraq is enormous with several hundred shipping containers a month pouring in.

Markets in Indian and Egypt are also on the radar for expansion with the company in talks with local operators for a potential joint venture.

http://www.arabianbusiness.com/59098...-sales-by-2012

Banking Expert calls for the adoption of electronic management system for banks

After experiencing some branches of Bank of Iraq recently, large -scale embezzlement of funds, the President of British company specializing in systems of banks Shirko Abid reason for the rising cases of embezzlement and tampering with the banking institution in Iraq is the continued reliance on traditional systems , which stopped working internationally for decades.

His company (pe blan) carried out in Iraq, one of the biggest projects in the Middle East, represented by project management electronic cross- banks for the benefit of Bank of Iraq. and called for accelerated work in this evolving global order in banking institutions of Iraq and starting it, especially with the increasing incidence of theft and embezzlement of the Iraqi banks In the various governorates , especially when the banks Iraqi government during the current period has seen several cases of theft, embezzlement , including what happened in the Branch Bank of Iraq in Basra province, and the branch (seven palaces) in the capital of the tributaries as well, and the embezzlement of a major branch of Bank of Iraq in the province Najaf and the complicity of some of those with an armed group , as well as a similar Iraq witnessed a bank branch in the Kurdish region, called the branch of the lighthouse.

Abed said the contexts of the old work prone to embezzlement in Iraqi banks , and there are systems capable of ending this phenomenon is complete, as equipped Rafidain under a project begun operation since 2007, advanced system is very applicable in the largest financial institutions worldwide, which could have prevented the Any case of embezzlement may occur regardless of the accuracy of the perpetrators, there is a link inclusive of all branches of public administration and any dealings by their staff to be open automatically to the Department, and the positives are endless, until now , we find the Iraqi banks to deal with the paper and there is routine fought in the simplest of transactions and difficulty in Clearing system and banking , but under the overall end of many episodes, and the procedure used to take weeks or more is a few seconds.

General Manager of Bank of Iraq Abdul-Hussein al-Yasiri, confirmed some cases of embezzlement in some branches, as well as fraud, major fraud certificates and transactions of retirees and the names and fake it until it came to control more than 71 thousand cases of fraud and false names were receiving salaries from the branches of banks Mesopotamia in the whole of Iraq It was to refer the matter to the Iraqi judiciary to cut these salaries illegal.

And on the presence of officials in the government have worked to block the operation of the project comprehensive electronic port by a British company, said Yasiri that the project had been introduced since 2007 by a company (be blan) British, and there is a committee under my chairmanship , supervised by the direct and there is a team of British company in Baghdad, the follow-up matters with them directly and explain all the problems and constraints.

He Yasiri there are obvious delay in the proceedings dating back to a number of reasons , including the deteriorating security situation and resist the sector banker 's traditional system of modern belief that it would be a factor in the redundancy , but in return we provide a full explanation to them about the importance of this system and its applications, and for this we provide a number of tables Bank of specialized cooperation and coordination with the Department of the British company , and was sure of the rules because it is a system very large and sophisticated limited by numerous acts of administrative and financial corruption that are deployed, but we were faced with strong opposition by some, and soon will be delivered equipment for the system from the company to start operation by the private And that the system later in the region and the world, and there is a project that was implemented a smart card and will open agencies and a wide distribution of the card, and there is 1.00036 million A smart card in the branches of government banks has Bank of Iraq , 90 % and the rest of the Rasheed Bank.

As noted Circo Abed that the reason for not starting work until now, this system developed in Iraq despite the completed several months ago due to red tape, which he described the killer in the government departments concerned to supervise the delivery of the project, even though the Minister of Finance Baqir al-Zubaidi personally supervised to follow the path of a monument System units and is very interested in the introduction of so updates on the banking sector in a comprehensive manner and not Iraq only, and approving a contract between us and Iraq is the end of a quarter of a century of attempts to oppose the application of these systems currently in place in most countries.

The prime firm (be blan), he and valuing the trust of the Minister of Finance for our company to complete the project application of the comprehensive banking, Bank of Iraq, we are since the start of the project at the end of April 2008, we have formulated a concise and intensive implementation of the four stages of the project and handed over in full before the end of last year. In addition to complete all our contractual obligations to implement all phases of the project , the team the completion of a historic act of the Bank and by implementing a uniform accounting system according to the latest international standards, to be a powerful tool to ensure standardization of the activities of budgeting and accounting of all branches of the bank and all aspects of banking activity and show the results of the work every day. So as to enable the bank from the application of regulations and standards of the Basel highest international standards. This is now documented irrefutable signs on the ground at the Bank of Iraq, though the implementation of the project at the end of last year, according to the court the plan was the result is automation of movements of banking at the Bank of Iraq that the only guarantee to defeat the risk of fraud, embezzlement, and herewith causes fits. We say that the routine killer in the state, not the Ministry of Finance, preventing delays and continued until now.

Peace Saadi expert Iraqi bank explained that the embezzlement possible within the Iraqi banks in any moment because of lack of accuracy and validity of the data where errors may have occurred during transportation manual and is detected only after a period and lack of regulatory bodies in the management of the performance of the branches and the executive departments on a daily basis and lasting. And to contribute in helping the fraudsters to carry out fraud due to poor knowledge of the accounting system of the Bank, given the weakness of the banking system in this section is utilized by the staff to work in bad faith and thus participate in the fraud and a monument. In many cases, are getting the necessary approvals after the completion of the process.

And not update the account balances immediately, but in some cases is the update in days later, either through the booking telephone or through other means , allowing the largest in the manipulation, and not to execute the sequence they occur, but are grouped movements and migrated at one time and therefore discover the problem after the fact, And the inability to detect T Yara instruments, and the lack of ability to detect exceptions, and follow-up of past accounts and Statement of Accounts that change the nature and control of Trustees of the fund balances and lack of monitoring of benefits and the work of the people and departments in all branches of banks separately.

http://www.alsabaah.com/paper.php?so...age&sid=104492

The Washington Post: frustration is spreading in Iraq, and officials are engaged in power

The Washington Post, said frustration was rampant in Iraq due to complaint of not getting the population only a few hours of electricity per day, citing official concern chairs more power than their public services.

The newspaper said in its report, published Sunday, many Iraqis say officials poured their attention on the chairs of power rather than being concerned with public services.

The newspaper quoted Iraqi citizens, saying that what happened this morning (Saturday ) in Basra is due to false promises by the government to improve basic services, noting that this was not a problem of Basra alone, but a problem of the whole of Iraq.

The newspaper said that according to the Brookings Institute , the production of electricity in Iraq today than it was before the U.S. invasion. But the demand far exceeds supply almost doubled . And get most of the homes in the capital is about 4 hours of electricity a day."

The newspaper pointed out that "Iraqi newspapers today published political caricatures depicting the development of infrastructure."

Remember the paper that the Iraqis are "paying about 200 dollars a month to get electricity from generators in neighborhoods barely running of one or two of the devices home in the hours without electricity, "adding that "some Iraqis resort to sit in their cars and refrigerators running it, and others determined to spray Flooring homes before going to sleep."

http://radionawa.com/ar/NewsDetailN....749&LinkID=158