Thread: Archive News - Iraqi Dinar Think Tank - 06/10/2010 - 24/01/2011

Iraq strongly condemns the move of the outgoing government in the licensing courses and overcome the constitutional powers by embarking on long-term contracts

Showed a cluster of Iraq strongly condemns the move of the outgoing government in the licensing courses and overcome the constitutional powers by embarking on long-term contracts, as is the current practice is illegal in the light of constitutional and political vacuum made in the country, which displays the ministry and the concerned authorities for legal accountability by the House of Representatives may lead to the cancellation of the contracts built the efforts of cadres of the Ministry of Oil in the encouragement of investment and attract investors.

She said the bloc said in a statement received by the independent press (Iba) and deplores the mass of the Iraqi Government's commitment to the conduct of business contracts, an investment long term without reference to the applicable laws, including Law No. 97 of 1967 which requires the approval of the Iraqi parliament in the absence of Oil and Gas Law Federal.

She noted that the Iraqi bloc expresses its grave concern alone the Federal Government to enter into contracts and agreements on a large scale without the presence of oil policy-based clear in the absence of the law of oil and gas and the law of the financial and distribution of wealth, and investment law in the areas of oil and gas, which constitutes a violation is not justified failure of the government since 4 and half years for the adoption of such laws that are in building the future of Iraq.

And followed the mass in her statement in the light of the absence of a national policy and strategic plan for the industry invasive at the federal level, adopted by the Government in coordination with relevant ministries in order to ensure the rationalization of energy security to the domestic industry, electric power, as well as the need to assess the surplus in case of export to world markets, but what they witnessed in the blocks all the personal decisions politicized studies had been adopted by partnerships with qualifying, and it does not make the economic decision of an independent decision to adopt the results of studies of businesses in order to ensure the best returns for the Iraqi people, as approved by the Iraqi Constitution.

http://www.ipairaq.com/index.php?nam...onomy&id=31731

Iraqi government warns of rising unemployment rates, "scary" during the next year

Iraqi government warned of the continuing escalation of unemployment in 2011 because of what they called "disrupt the work of the Council of the Federal service."

The secretary general of the Council of Ministers, on the Keywords, told the Kurdish news agency (Rn) that "the unemployment rate in the Iraqi provinces have escalated alarmingly during 2010 due to the adoption of Iraq's new mechanism for recruitment, the formation of the Federal service that has not been activated yet."

He pointed out that "not supposed to be dealing with the file unemployment on the basis of political calculations and partisan purposes, especially in the period ahead that need to be economic growth of per capita income of Iraq."

And that "in case it is not a plan to address the wide range of unemployment in the country, they would continue to rise to rates that can not be addressed in the near future and will cost government agencies large amounts of money in the future."

The Ministry of Planning had earlier warned of rising numbers of unemployed are scary in Iraq and the proportion exceeded 25 per cent of the proportion of the workforce during the year 2010.

And the Keywords that "tackling unemployment requires unremitting efforts of all government institutions after the improvement of the security which was the main obstacle to solving the unemployment crisis in Iraq."

The Iraqi government announced in 2010 for the current high unemployment rate of 18% for the year 2009, noting that most of the unemployed youth.

There are no precise figures in the Iraqi Ministry of Planning on the proportion of unemployed for the current year.

The Iraqi Council of Representatives had voted in its first session on the draft law of the Federal Civil Service Council.

And Iatbrbra Iraqi draft law that would impact negatively on the economic reality of the Iraqi case was treated on the basis of political interests in the country.

http://www.aknews.com/ar/aknews/2/190467/

Communications and media: the fourth license is illegal and inconsistent with the investment law

The Communications and Media Authority in Iraq, Saturday, they will not be granted Trdadt license fourth mobile operator and carried out by the Ministry of Communications that it did not take the approval of the Authority to obtain its license and the conflict with the law of free investment in the country.

A member of the board of trustees in the Salim Mashkur to the Kurdistan News Agency (Rn) that "the Telecommunications Authority will not grant frequencies for your license, the fourth being followed mechanism is legal approval to work on implementation, especially as it received them from the cabinet and not from the media and communications the government agency only authority the granting of a mobile phone. "

He explained that the "license-fourth prevent investment in this aspect for two more years in the country, which hampers directed the government to support free investment." Noting that "he is supposed to receive the Ministry of Communications to license the fourth to run the mobile phone by the Telecommunications Authority exclusively for the fact that the Iraqi law confirms to it. "

The telecommunications ministry said Iraqi and the fact that there are problems with them and the Communications and Media Authority on the approval of the granting of frequencies for the fourth license for the operation of the mobile phone. The Communications and Media Commission of Iraq was established in June 2004, an independent body not associated with any governmental entity. And raised between the Ministry of Communications and Communications Commission from time to time and the other wide differences between them because of their legal effects.

http://www.aknews.com/ar/aknews/2/190458/

Basra, the local government show an increase of optimistic revenue from petro-dollar future

The governor of Basra on Saturday, optimism increase imports to maintain the proceeds of the petro-dollar in the future and that of 800 billion dinars for the current year, after signing a contract with the Singapore company to create the buoys oil extended three tubes new export port of Basra oil.

He said Cltag Aboud Kurdistan News Agency (Rn) announced today that "the contracts signed today with the company for Witten to create floats oil extended three pipelines to export will increase the power Iraq's export and thereby increase the revenues of Finance, which will double this year and it amounted to the proceeds of petro-dollars to 800 billion dinars. "

Abboud explained that the "doubling of this amount means increasing the number of service projects and provide opportunities for the hands of the Iraqi working and solve any financial crisis experienced by the province."

For his part, Vice-Chairman of the provincial council in Basra, Ahmad Al-Sulaiti's (Rn) that "the implications of the oil contracts concluded with companies worldwide to be positive on the Iraqi economy in general and Basra in particular and the production value the greater the greater the economic recovery because it relies primarily on oil revenues ".

The Sulaiti that "the provincial council will not intervene in any action by the signing of oil contracts procedures It is limited to the ministry and the Southern Oil Company exclusively."

And signed the Southern Oil Company in Basra (550 km south of the Iraqi capital of Baghdad), on Saturday, a contract worth 735 million dollars with a company to Witten Singapore to create three buoys oil extended three oil pipelines to export oil extends from the warehouse's main oil FAO to the oil port of Basra, which is the most important sea port for the export of oil in Iraq, the project will be completed within a year.

The Congress approved the previous late January of this year, the allocation of 5% of the total revenues accruing from the border crossing points (land, air and ports) with the exception of sovereign revenues, to offset the border provinces and productive, and transfer the amount of one dollar for every barrel of crude oil producer in the province and for each barrel of crude oil refined in the refineries and maintain every 150 cubic meters of natural gas product to the budget of the province during the fiscal year of assessments.

And the governor of Basra said the share of the province from revenues from the petro-dollar and border crossing points for the current year of 800 billion dinars, and it was business Iraqis in Basra have held an investment conference in late May last year to discuss the mechanism of exchange of such proceeds and project identification mission and strategy are needed to maintain.

http://www.aknews.com/ar/aknews/2/190448/

CBI: Office of Financial Supervision demands audited budgets

A Central Bank of Iraq Board of Supreme Audit systematic scrutiny in the financial budgets for previous years.

The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency "The BSA is located on his shoulder a great responsibility in the audit of the budgets of previous years which failed to scrutiny," adding that "the bank hopes from the Board of Control to speed up the checking of these budgets and Statistics Final numbers have both its primary and complementary. "

And that "non-audit the budgets of previous years disrupted financial transactions for Iraq with the fund financial development (dvi), who runs the Iraqi funds since 2003 in coordination with the United Nations main supervisor on the financial revenues due to Iraq's oil exports," explaining that "technical reasons and security behind the delayed Office of Financial Supervision in an audit disclosures budgets for previous years, but this was supposed to be addressed carefully and make public statements and accurate information about public budgets before the end of the fiscal year. "

And formed a government in Iraq last March a commission to expedite the check numbers, financial budgets for previous years.

On the other hand, said an economist Ali Ke Ji's (Rn) that "the lack of audit of funds disbursed from public budgets by the Office of Financial Supervision offers a greater opportunity for mischief for tampering with public money," noting that "Checking the budget with the end of each financial year will help boost the economy Iraqi and treatment of inflation suffered by the Iraqi market because of the blurry figures of final disposal by the Iraqi government. "

He noted that the "exchange numbers financial budget must be by the Committee of specialist follow-up of Iraqi funds, not only by the Prime Minister and Minister of Finance," stressing the need to "check the budget 2011, with the end of the financial separation of the first and then re-checked with the launch of the supplementary budget."

It is hoped that the cabinet will discuss the country's general budget for 2011 later this month after the end of the Ministry of Finance prepared.

The committee was briefed on the economic and the draft paper provided by the Ministry of Finance, and found the real deal for inflation through the support of institutions of industrial productivity and urged the Ministry of Industry to turn them into profitable companies.

The Iraqi Finance Ministry announced last month that the finalization of the draft budget for Iraq in 2011, and the new budget allocates a large share of investment, and to support the government's development strategy that will continue for the next four years.

The initial budget for Iraq in 2011 about 86 billion and $ 400 million, assuming the price of oil is $ 70 per barrel, an increase of up to 14 billion dollars in the last budget.

In addition to the existing concerns of the late adoption of the budget for the lack of sessions of the Council of Representatives because of the government crisis, the experts in the field of economists argue that the budget did not address many issues, most notably inflation.

According to the Financial Management Act No. 95 of 2004, the government should prepare a budget for the following year, in September of each year, in preparation for discussion at the House of Representatives for approval.

Many feel that the delay in adoption of the budget would put the country in the midst of another crisis, will reflect negatively on service projects and investment in the country.

And usually sees the preparation of budgets, the country's financial and approval delays by the government and the House of Representatives because of the large number of objections and criticisms on some of its clauses, most notably the aspects of exchange and the financial allocations for some government institutions and the three presidencies.

The House had previously acknowledged last January that the 2010 budget at 72 billion and $ 400 million deficit of $ 19 billion and $ 600 million assuming the price of a barrel of oil at 62 dollars and 50 cents.

http://www.aknews.com/ar/aknews/2/190624/

Iran, Iraq set to boost ties
http://www.presstv.ir/detail/148085.html

Iran's President Mahmoud Ahmadinejad and his Iraqi counterpart Jalal Talabani have stressed the need to further boost the already flourishing Tehran-Baghdad ties.


In a late Sunday phone conversation, Ahmadinejad and Talabani discussed issues of mutual interest, calling for the further promotion of bilateral ties.

Ahmadinejad described Tehran-Baghdad relations as "very good," expressing hope that the establishment of an Iraqi government would result in the all-out expansion of bilateral ties, particularly in political and economic areas.

Making reference to his meeting with Talabani on the sidelines of the UN General Assembly in New York, the Iranian president said, "Good issues were brought up in that meeting, and I hope such meetings will continue."

Talabani, for his part, said Iraq is keen on bolstering relations with its eastern neighbor.

"I hope I will pay a visit to Tehran after the Iraqi government is formed," the Iraqi leader said.

NN/HGH/MMN

15 countries and more than 1,000 firms to take part in Baghdad trade fair

Baghdad International Fair expects largest participation since the 2003-U.S. invasion when it starts its 37th session at the beginning of November.

The fair’s director-general, Sadeq Sultan, said the 10-day fair will see 1,200 foreign firms taking part as well 15 foreign countries.

“The participation of so many firms and states is beyond our expectations if one bears in mind the political hurdles,” he said.

Sultan said some firms and states, which he did not name, were about to cancel their participation. “The holding of the fair itself was at some point at stake,” he said.

He said the problems facing the formation of a new Iraqi government more than six months after the general elections were among the main obstacles.

Sultan said this year’s session “is outstanding as it managed to lure countries such as France, Japan, Germany, India and Holland.”

He said tentatively, both Sweden and Bulgaria have agreed to be present.

As for security, Sultan said he had received assurances from the Baghdad Operations Command to safeguard the session, the participants and the visitors.

http://www.azzaman.com/english/index...10-25\kurd.htm

CBI sells $165 million on Monday

The Central Bank of Iraq’s (CBI) dollar sales went up to reach $165.186 million in its daily auction on Monday, compared to 137.910 million in the previous session.

“There was no demand on cash, while the foreign transfers outside the country reached $165.186 million, covered at an exchange rate of 1,179 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 19 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=138294

Iraq's Federal Court's Judge fails to settle differences in the case for resuming parliament's session

A leading Iraqi legal expert has said on Sunday that the decision of the Federal Court's Judge to commit the Chairman of the Parliament, who is the oldest MP, has not been settled regarding the differences in the court case.

"The legal case had been nothing but a media propaganda, because it included certain differences, among them the abolishment of the Parliament, the repetition of the elections and payment of compensations, in which the court had not settled, but only called for the resumption of parliamentary sessions and putting an end to the open session, thing that did not represent a real differnces between the two sides of the case," Tareq Harb told Aswat al-Iraq.

The official spokesman for the Supreme Legitimate Council, Abdul-Sattar al-Biraqdar, has stated earlier that the Supreme Federal Court h ad issued a decision demanding the Parliament's older Speaker, Fuad Maasoum, to call for the resumption of the parliament's sessin to chose a Speaker and his two deputies.

The Parliament had failed to convene since Iraq's nationwide elections took place on March 3rd, 2010, but for a short session on June 14th, 2010, which was concentrated on reading of the constitutional oath, and then the session was suspended for an unknown date, pending the agreement of different political blocs to distibute the leading State posts among them.

"The inistance of the political blocs to cite the Parliament's Speakership withing its deals, had led to the delay of the election of the Parlliament speaker and his two deputies," Harb said.

Harb also said that the Parliament can't practice its observation and legitimate authorities unless afte the election of a Parliament Speaker and his two deputies, according to the Iraqi Constution.

http://www.zawya.com/Story.cfm/sidZA...%27s%20session

Al-Iraqiya Bloc describes statements regarding VP Abdul-Mahdi's PM post's nomination as "wishful thoughts"

The Spokesman for Al-Iraqiya Bloc, led by former Prime Minister Iyad Allawi, Mamsoun Damalouji, has described the statements by some of the bloc's Members of Parliament, regarding the nomination of Vice-President, Adel Abdul-Mahdi, for the new prime minister's post as "mere wishful thoughts."

"Al-Iraqiya does not want to surpass the events; because we have a full agreement with the Supreme Islamic Council towards the national scheme, without the discussion of distributing the posts," Damalougi told Aswat al-Iraq News Agency.

She pointed out that "the statements by some of Al-Iraqiya leadeships and parliament members towards the official position of the Abdul-Mahdi's nomination for the new prime minister's post does not exceed being personal viewpoints and 'mere wishful thoughts."

Al-Iraqiya Member, Alia Nuseif, had announced on 13/9/2010 her bloc's support for Abdul-Mahdi's nomination for the prime minister's post, being the candidate of the National Coalition, "provided that the Coalition presents mechanisms that guarantee the authorities granting al-Iraqiya to practice its government programme, according to its constitutional rights."

Meanwhile, Vice-President Tareq al-Hashimi, who is one of al-Iraqiya's leading members had stated that al-Iraqiya had nominated Abdul-Mahdi for the prime minister's post, following his previous agreement to commit to its reform and change scheme, based on pure national calculations, pointing out that al-Iraqiya had found that the national interest demands to be objected towards its constitutional right for the benefit of Abdul-Mahdi's nomination for the post.

Damalougi said: "al-Iraqiya was waiting for Abdul-Mahdi to return from Arbil, in order to reach an official position for the interest of the said scheme, through discussing the practical mechanisms to practice the initiative of Kurdistan Region's President, Massoud Barzani, to hold a meeting for the political forces in Arbil in order to put an end for the the crisis of the formation of the new government.

Abdul-Mahdi had visited Arbil two days ago, where he discussed formation of the new government with Iraqi President Jalal Talabani and a number of Kurdish official.

Barzani had stated during a meeting held in Arbil on 16/9/2010 with a delegation representing different Kurdistan blocs, his initiative to solve the crisis of forming the new government, reiterating according to media sources, to divide the authorities and lay the basis for national compromises, as well as the participation by all leading blocs that won the Iraqi elections in a government of national-participation.

http://www.zawya.com/Story.cfm/sidZA...%20thoughts%22