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

Economist: expect to achieve from the deletion of zeros from the currency as long as the production capacity in Iraq's semi-disabled

Chief Economic Forum Kurdistan Faisal Ali that the deletion of zeros from the Iraqi currency move is not in place, because there are many measures to be followed by the central government in building a prosperous economy in the productive sectors, agriculture, and added that as long as the production capacity in Iraq's semi-disabled there is no point of deleting the zeros.

http://radionawa.com/Ar/NewsDetailN....447&LinkID=155

CBI dollar sales go down to $125 million

The Central Bank of Iraq (CBI) dollar sales went down on Wednesday to $125.989 million at an exchange rate of 1170 Iraqi dinars per dollar, compared to the previous session’s $169.420 million.

“The demand hit $320,000 in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $125.669 million in foreign transfers outside the country, 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.

http://en.aswataliraq.info/?p=139159

Halliburton signs deal with Shell to develop Majnoon oilfield

Halliburton signed on Tuesday a deal with Shell Company for one year to develop the Majnoon oilfield, according to a media source from Shell.

“Halliburton signed on Monday (Nov. 22) a deal with Shell and its partners to provide services to develop the Majnoon oilfield,” Hanadi al-Salman told Aswat al-Iraq news agency.

“According to the new deal, Halliburton will set up operations centers to dig 15 new wells,” he added.

A consortium including Royal Dutch Shell PLC and Malaysia’s Petronas had won a contract to redevelop Iraq’s Majnoon oil field.

Majnoon is one of the largest oil fields in the world and although the companies’ fee for raising output is slim, it represents an important foothold in a country that potentially has massive untapped oil resources, said ING analyst Jason Kenney.

The Majnoon field, located in southern Iraq, holds some 12.8 billion barrels of oil reserves. The Iraqi state will hold a 25% interest in the licence, Shell will hold a 45% share and Petronas 30%, Shell said in a statement. A consortium of France’s Total SA and China National Petroleum Corp. had also submitted an offer of $1.75 a barrel.

http://en.aswataliraq.info/?p=139144

U.S. commander confirms Washington's commitment to full withdrawal of Iraqi forces and confidence

The commander of U.S. forces in Baghdad and Anbar province, on Wednesday, that his government remains committed to withdraw the total from Iraq at the end of next year, in addition to its commitment to supporting Iraqi forces and building a partnership with Iraq in all fields.

Brigadier General Ralph Baker told a news conference held in Baghdad's Green Zone and attended by news agency Kurdistan (Rn) "The United States continues to confirm the withdrawal of its troops from Iraq, and it will remain on its promise to support the Iraqi security forces, trained and equipped, in addition to forward to a partnership with Iraq in the aspects cultural, economic, social, agricultural and other things. "

He added that "the withdrawal of U.S. troops from Iraq represented a shift of the relationship fully backed military presence to the relationship of civil-based diplomatic relations and participation in other areas of life."

And across the U.S. commander optimistic about the formation of the government and the ability of Iraqi forces on the other hand to the security of Iraq and its government and non-interference in internal Iraqi affairs.

The U.S. forces in Iraq pulled the end of June 2009 from all Iraqi cities, and handed over the security file to the Iraqi security forces, under an agreement signed between Baghdad and Washington in 2008, before it completes its withdrawal from last August to shrink so the U.S. military presence to about 50 thousand soldiers entrusted to their Training Iraqi security forces and assist in the fight against terrorism, according to the vision set by President Barack Obama.

Under the terms of the agreement to hand over all military bases of the U.S. Army and the NATO mission in accordance with a schedule expires at the end of 2011.

Turning Baker to what happened from the targeting of Christians in recent times in different parts of Iraq, and said that "Al Qaeda targeting the Christians of Iraq wanted to attract the attention of the world and view the world and convey the message that the Iraqi government incapable of providing security for Iraqis and for minorities, but their hopes ended in failure after the formation of the government , the rejection of Iraq's Christians to leave their country. "

He said the "Al-Qaeda as a result of weakness and small number of leaders who were arrested or killed working on the targeting of vulnerable targets, including the Christian community in Iraq, who are some of the people of this country, and have an ancient culture, as well as they are the peaceful minority."

Escalated targeting Christians in Iraq this month was the latest killing of two brothers at the hands of unknown gunmen west of Mosul, but the incident Church "Our Lady of Deliverance" beginning of the month is the worst since 2003, after gunmen stormed a church in Baghdad, while dozens of the faithful celebrate Sunday Mass , and was taken from inside hostage before Tguethmha Iraqi army troops, killing and injuring 150 people.

http://www.aknews.com/ar/aknews/4/197455/

Iraqi trade: a new plan to improve the quality of the ration card items

ruled out the Iraqi Ministry of Trade, Wednesday, cancel the distribution of the ration card items during 2011, confirming that it has a new plan for the advancement of quality food items to the card.

The Minister of Trade and agency purity of net debt to Kurdistan News Agency (Rn) that "the Iraqi government does not seek to cancel the distribution of the ration card items, but working to improve the distribution mechanism to the needs of citizens."

And that "the financial allocations to the Ministry is not enough to distribute the card items for all Iraqis to different economic strata, but to be the distribution of the ration card items to those who need vocabulary of this card."

He noted that "The ministry has a new plan for the advancement of quality food items to the card through the dissolution of commercial contracts with companies that are trying to vocabulary that imports do not comply with terms of the contract."

The Iraqi Council of Representatives may be discussed on Tuesday the reality of the distribution of the ration card items and warned the government not to cancel the distribution under the pretext of international economic obligations.

The Ministry of Planning said that one of the most prominent obstacles to the advancement of economic reality in the country, the government continued the introduction of the distribution of the ration card items after seven years of political change in the country.

The Ministry of Commerce announced it has completed the preparation of a new road map for the distribution of card items Altamonip emphasizes the necessity of giving priority to the poor in the country.

The financial allocations for the ration card program in the budget year 2010, amounted to three trillion and 500 billion dinars (about 2,9 billion dollars), while the last year 2009 allocations of about four trillion dinars.

The Ministry of Trade had earlier announced that the ration card allocations for 2010 are insufficient and may be developing a supplemental budget to them.

The Iraqi Ministry of Trade has announced at the end of April last to reduce the ration card items to five items of the flour, sugar, oil, tea, and rice, which warned economists and insisted he would increase the economic problems in the country's complex and nuanced.

http://www.aknews.com/ar/aknews/2/197417/

Several foreign companies are developing the streets of Baghdad in preparation for the upcoming Arab summit

The manager informed the secretariat of Baghdad, Hakeem Abdul-Zahra for the arrival of several foreign companies of different nationalities to Baghdad to sign contracts with them to the final development of the capital's streets as a prelude and preparation for the upcoming Arab Summit in Iraq.

http://radionawa.com/Ar/NewsDetailN....642&LinkID=155

Nujaifi: New Parliament will deal with former government failures

Iraqi Parliament Speaker Ousama Al Nujaifi responded to Prime Miniser Nuri Al Maliki by affirming that the new Parliament will operate as a power supporting the executive authority in order to deal with past oversights whether the former government or the former parliament.

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

Iraq Ministry of Communication threatens to resort to Premiership

Iraqi Ministry of Telecommunication threatened to resort to the Cabinet Secretariat in case Information Commission for telecommunication doesn’t give it the fourth mobile phone license. The Ministry stressed that it formed a negotiating delegation with the commission over the conservations the same uttered over giving frequencies related to the license.

http://www.alsumaria.tv/en/Economics...emiership.html

Iraq’s 2011 budget to reach $85 billion

Next year’s budget will amount to $85 billion and allocations for development and post-war reconstruction are bound to increase substantially, said a senior Finance Ministry official.

Dhiyaa Khayoun, the ministry’s financial consultant, said the budget pays greater attention to conditions each of the country’s 18 provinces.

“The provinces are urged to implement their projects and spend the allocations earmarked for them,” he said.

Khayoun declined to give details on how next year’s allocations will be made.

However, he complained that some provinces, in the past few years, have failed to spend money the finance ministry set aside for the improvement of their public services.

He said massive amounts of money remain frozen in banks, waiting for someone to spend.

He gave no figures, but restive provinces such as Mosul, Kirkuk, Diyala, Anbar, Tikrit and several others find it hard to lure entrepreneurs and companies to carry out contracts.

But Khayoun said the government would take measures to ensure that “allocations are used and utilized for building Iraq.”

“The Finance Ministry and the parliament will pursue the implementation of all the chapters in the budget. I can stress that supervision this time will be stringent and effective,” he said.

http://www.azzaman.com/english/index...11-24\kurd.htm

Al Maliki criticizes former Parliament

At the end of the quartet meeting, appointed Prime Minister Nuri Al Maliki criticized the former Parliament which he accused of monopolizing the executive authority.

Iraqi political parties are moving forward in building up the State; yet, a lot still needs to be done, Al Maliki said.

Iraqi PM stressed the importance of cooperation between the legislative and executive authorities.

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