Thread: Archive News - Iraqi Dinar Think Tank - 22/06/2010 - 04/10/2010

Source: Iraq will become a member of the World Trade Organization soon

A source in the Iraqi government ended their mandates, said Monday that Iraq has made progress in its negotiations to join the WTO, noting that this accession will, in the near future.

The Task Force Iraq to join the organization was founded on December 13, December 2004, and only that he had submitted a note to join the organization on 16 September 2005, and the adoption of Iraq's observer at the January 24, 2007, and began the meetings of the first round of the Working Group In 2007, followed by a second round of meetings in 2008, then the third round of the end of 2009.

A member of the negotiating committee in the Working Group of Iraq, Ibrahim Zndjeli, told the Kurdish news agency (Akaniwz) "The Iraqi government made considerable progress in seeking to enter Iraq to the World Trade Organization, especially after he was able to obtain assurances from member states of the Organization."

"The Committee's main task is to seek to reduce the difference between the U.S. dollar and the Iraqi dinar, as well as activating the role of the private sector, commensurate with the efforts to develop the economy of the country."

He said it "requires Iraq to open world markets in the Iraq, with the balance customs tariff on goods imported as commensurate with the economic laws in force in the country."

With regard to problems which impede Iraq's accession to the Organization, Zndjeli pointed out that "Member States in the WTO insists on the need to end the file of Iraq's debt in full, and considers this a key condition to allow Iraq to enter as a key member of the Organization."

Was established World Trade Organization under the Convention on TOW Bretton Woods the end of 1944 in the United States, was founded as the International Monetary Fund and the World Bank under the Convention itself, and the organization currently comprises approximately 150 countries.

http://www.aknews.com/ar/aknews/2/180805/

Shahristani : United States gave the advice in the work of oil projects

The Iraqi oil minister, said on Monday that the United States failed to intervene in the work of Iraqi oil projects, and did not have a share in the implementation, pointing out that they gave advice and Nashristip cadre of Iraqi oil.

Hussain al-Shahristani told the news Kurdistan (Akaniwz) "The United States had no role in determining the course of oil policy in Iraq because of the adoption of the Iraqi government to professional."

He said that "Iraq believes that the future of oil should be safe from any political interference, even from the United States that caused a change in Iraq."

Shahristani said, "It has been shown that clear in the two rounds of the first and second licenses that have not won by U.S. companies is important despite their participation in them."

He pointed out that "Iraq is progressing well in the field of oil extraction," pointing out that "the results of the companies that won licenses in two rounds of the first and the second will appear on the reality of Iraqi extraction soon."

The country produces around 2,4 million barrels per day of oil, which constitutes more than 90% of the proceeds of the country.

Plans to the Iraqi Oil Ministry to increase its oil exports to more than 12 million barrels per day after taking the approval of the World Organization of Petroleum Exporting Countries in this matter.

http://www.aknews.com/ar/aknews/2/180995/

US GAO: Iraq has $52b cumulative budget surplus in 2009

The U.S. Government Accountability Office (GAO) said that Iraqi government data showed that Iraq generated an estimated cumulative budget surplus of $52.1 billion through the end of 2009. This estimate is consistent with the method that Iraq uses to calculate its fiscal position.

In a statement posted online, the GAO recommended that the U.S. Departments of State and the Treasury should work with the Iraqi government to further identify Iraqi resources available for future spending.

“This should include assisting Iraq in completing two reviews required under Iraq’s arrangement with the IMF,” the release said.

It explained that first; State and Treasury should assist Iraq in completing a review of its outstanding advances to determine whether some of these advances may be recoverable and available for future spending. Second, State and Treasury should help Iraq complete a review of its central government accounts so that it can return any idle balances to the central Iraqi Treasury.

http://en.aswataliraq.info/?p=136784

Iraq plans to activate the development of transport agreements with the United States

The adviser in the Iraqi government ended its mandate today, the Iraqi government will do important agreements with the United States to develop the transport sector in the country.

A member of the advisory body in the Prime Minister full Abdullah Jabri told Christan news (Akaniwz) that "Iraq will do important agreements for the development of transportation in Iraq concluded in earlier but did not do the required level."

And that "the Government's preoccupation with the file security to prevent progress in Iraq, the most prominent aspects of transport services."

"These agreements emphasize the need to re-design of roads and airports are in line with the size of the developments in the means of transportation in the country."

He pointed out that "the Economic Committee in the Prime Minister will do the Convention (ti) concluded by the Government in 2006, which would develop and consulting companies in the U.S. transportation projects land and air transport as well as marine."

http://www.aknews.com/ar/aknews/2/181009/

Central Bank of Iraq to resume meetings of the fiscal week of 126 million dollars

Resumed the Central Bank of Iraq on Tuesday Third DIFC Week sessions for buying and selling foreign currency and the dollar level of demand for Sales of the dollar reached 126.636 million dollars After Eid al-Fitr, a stable exchange rate was 1170 dinars per dollar.

The Information Office of the Bank 's bulletin obtained a copy them to the total sales of the bank ranging from 14.12 million dollars in cash transactions for cash at a bank shot for a stable exchange rate was 1183 dinars per dollar, including the commission the bank of the 13 dinars per dollar.

And amounts transferred out of the country amounted to 112 516 000 Dollars in cash and bank shot at a stable conversion reached 1179 dinars per dollar, including the commission the bank of 9 dinars per dollar.

Did not make the 10 banks participating in the auction of any offers to buy Dollar, noting that the CBI Itqdy commission amount (13) dinars per dollar with a discount (8) dinars per Dollars from the amounts purchased.

The central bank held five meetings during the Iraqi week of financial support for the sale and purchase of foreign currencies and the dollar.

http://al-iraqnews.net/new/economic-news/25203.html

Skinner : It is not the responsibility of Syria to agree to al-Maliki or other

revealed the Iraqi government and on the lips of her spokesman that its relations with Syria will witness development during the next few days, at a time in which the Iraqi list that it would resume its dialogue with the National Coalition for the formation of the Iraqi government.

The Ali al-Dabbagh, Iraqi government spokesman and a member of the coalition of the rule of law led by Prime Minister outgoing Nuri al- Maliki, that the relations between Iraq and Syria will witness great development during the next few days, explaining the «Middle East» Syria is now considering the issue of government formation The country as an Iraqi affair, and only the Iraqis involved, adding that the opinion formed by the Syrian tends to form a new government would be as a result of the Iraqi effort only.

He expected Ali al-Dabbagh «to be the Syrian position regarding Iraq is well as long as does not interfere in the details and mechanisms of formation of the government.»

Accordingly, the countries of the region claimed to not have any effect on the formation of the government in the country.

And on the opinion of Syria in the Maliki took power for a second term, Al-Dabbagh : not to discuss this with the Syrians, especially as this issue is not the responsibility of Syria to agree to al-Maliki or others, or vice versa, adding that the process of forming a government and elect a Chairman is an issue Purely national, and therefore do not want to open the doors for others, either to Syria or other nations to express their opinion on who should lead the government.

The past few days have seen an improvement in relations between Baghdad and Damascus, especially after the telephone call that was conducted by the Prime Minister Muhammad Naji al-Otari with his al-Maliki last weekend. In the same context, informed sources told «Middle East» on condition of anonymity that «the Syrian Foreign Ministry is preparing to issue a statement welcoming the direction of Iraq's recent about Syria, especially after statements by Iraqi government spokesman (Skinner), which indicated in which the existence of the interests of Economic joint between Iraq and Syria» refusing to disclose more.

http://aljewar.org/news-27833.aspx

Kanna : state of mutual suspicion and lack of participation decision and the lack of transparency the cause of the dispute between the Ministry of Oil and the Kurdistan region

Refer Attorney Kanna differences between the Kurdistan Regional Government and the Oil Ministry in respect of contracts signed by the Government of Alavljem to a state of mutual suspicion because of the decision making process and the lack of transparency.

He said we were in contact with the agency, the independent press (Iba) There are two things in respect of contracts belonging to the Kurdistan region, first with respect to contracts that have been held before the adoption of the Constitution, there is a constitutional provision to recognize the proceedings Kurdistan before the adoption of the Constitution and this All the contracts signed are legal.

"Either for contracts and agreements after the adoption of the Constitution there is a clause stating that the responsibility is shared between the federal and provincial government, stressing that the foreign trade issue of federal and there must be coordination between the regions or provinces with the federal government, Wim respect of contracts of Foreign Affairs.

He attributed the incident and we were the differences in this aspect to the lack of coordination among the parties concerned hold things up, explaining that all imports be gained from exporting oil , gas and other natural resources dates back to the central treasury and not to the Government of the province.

The differences emerged between the oil ministry in the federal government and the Kurdistan Regional Government after the announcement of the signing of an agreement between the Oil Ministry in the Government of the Territory and the Germany company to export natural gas from fields in the region to Europe through the Nabucco pipeline.

Considered the oil ministry said the contract signed by the Kurdistan Regional Government with RWE German pump gas supplies in the future to the Nabucco pipeline project is invalid and illegal.

http://www.ipairaq.com/index.php?nam...onomy&id=30175

arrested a gang specialized rigging the foreign and domestic currency in Diyala

Dropped the security forces in Diyala on Tuesday arrested a gang specialized rigging foreign and domestic currency in the province.

The Msdramni correspondent That gang members who were rigging the Iraqi currency a ten thousand dinars, as well as the U.S. dollar, and then distributing counterfeit money on the market.

He was arrested all the gang members, and the investigation is under way with them to find out more information about them and those who work with her.

http://al-iraqnews.net/new/security-news/25280.html

Foreign Affairs in Kuwait : Emir of Kuwait, will attend the Arab Summit in Baghdad and the differences are almost gone in the wind

The Ambassador of senior Kuwaiti Foreign Ministry, said Kuwait will attend the upcoming Arab summit in Iraq in March of next at the highest levels represented Bomerha Sheikh Jaber Al-Ahmad Al-Jaber Al-Sabah.

And Director of Arab Department , Ministry of Foreign Affairs of Kuwait Jassem Mubaraki that Kuwait supports the convening of the summit in Iraq, Snhoudrunmthel our country in this important summit to support our Iraqi brothers will not be left behind for an Arab summit in Iraq, saying that he must distinguish between the two first holding the summit in Iraq, which Attended by His Highness Sheikh Jaber Al-Ahmad Al-Jaber Al-Sabah, the second issue subject to the Iraqis on holding the summit in any Iraqi city chosen as if they are in Baghdad or Irbil, the question of their own, and we will attend wherever held in the country and we will support strongly.

He Mubaraki that there was no pending issues with Iraq, and found minor problems, we have joint commissions on border demarcation and plantation of joint and fishermen and coastal waters as well as expanding port Safwan border post and joint oil fields, and take those problems to be solved in the future.

He added that Kuwait will host in November, next November's meeting of finance ministers in the presence of the Arabs of Iraq and the presence of Secretary General of the League of Arab States to develop mechanisms to implement the initiative of the Amir of Kuwait, to provide financial resources to finance the Arab private sector through small and medium loans.

He Mubaraki saying that the initiative of the Emir of Kuwait to establish a fund to support small and medium amount of 2 billion dollars approved by the Kuwait Economic Summit was secured, what is more than the budget of the initiative, let us for a meeting of finance ministers Arabs in Kuwait to study the operational mechanisms for this initiative.

And about the discussions that took place today at the Arab League said Mubaraki that a draft resolution occurs by the Arab states Iraqi politicians to speed up form the next government as well as discussing the issues on the agenda and will be the Arab foreign ministers, meeting on Thursday to discuss the proposals struck down at the table of the Sirte summit Arab special on the ninth of October, regarding the policy of the Arab neighbors and the development system of joint Arab action.

http://www.nakhelnews.com/pages/news.php?nid=2019

The Pentagon figures refute the dollar and emphasizes the need for Iraq to the cash reserves
U.S. Government Accountability Office pointed to a large surplus

The study found U.S. government published yesterday that Iraq has a surplus of 52.1 billion dollars in its budget, with the availability of an amount of 11.8 billion dollars available to spend immediately on his security forces.

The study by the Government Accountability Office, an investigative arm of Congress, they come ready with U.S. lawmakers to discuss the funding request in the amount of 2 billion dollars from the White House for the Iraqi security forces.

The report says : «the billions of dollars allocated for Iraq's security did not improve the use of properly. With the withdrawal of U.S. troops on the Iraqi government must assume a greater role in providing security across the country.»

But the Pentagon has refuted these findings, saying that the dollar figures were not correct, and that Iraq is in need of cash reserves to bridge the budget deficit.

The U.S. military has previously protested the recommendation of Senator Carl Levin, chairman of the Armed Services Committee in the Senate, should be written off billion of share proposed by the White House in 2011 and the estimated two billion dollars.

Levin argued that Iraq has enough oil revenue to increase spending on defense. The General Ray Odierno, former commander of U.S. forces in Iraq, noted that full funding is necessary to strengthen the Iraqi border forces and logistics of the army. It was Odierno told reporters Washington last July that Iraq will not bring great returns on foreign investment in the oil fields for three or four years.

It is expected that the U.S. House of Representatives approves the request of two billion dollars.

He added that the amount of 11.8 billion dollars, surplus funds were not paid, it is assumed that Iraq could spend more, despite concerns about the budget deficit. In the light of those resources, Iraq has the potential to contribute more toward security needs, despite its attention to other competing priorities.

Has been discussed and the Ministry of Defense the results of the GAO in a letter accompanying the study to an initial draft which he said Colin Kahl, a deputy assistant secretary of defense for the Middle East: «We believe that the letter from the Office of present accounting, which outlines the position that Iraq currently have large cash reserves allow it to spend More on security costs now and in 2011, is not accurate and not supported by financial statements.»

Cal argued, saying that the request for full funding for the White House was important to maintain long-term relations between Iraq and the United States with the remaining U.S. forces were ready to leave Iraq by the end of 2011. There are more than 49 thousand U.S. troops in Iraq to support and train its security forces after the announcement of President Obama end U.S. combat operations by the end of August.

http://www.alsabaah.com/paper.php?so...age&sid=108527