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

Crude Oil at $100 per Barrel in 2011: The Hows and Whys (Part 2)
http://seekingalpha.com/article/2423...nd-whys-part-2

Microsoft Opens Training Centre in Baghdad
http://www.iraq-businessnews.com/201...re-in-baghdad/

Zebari: the highest authorities of Kuwait, they are not greedy in Iraqi funds

Foreign Minister Hoshyar Zebari stressed that Kuwait is that they do not covet the wealth of the Iraqis.

Zebari said in an interview published by Al-Hayat newspaper on Friday, that the highest authorities of Kuwait assured the Iraqi authorities that they are not greedy in Iraqi funds, referring to deduct 5 per cent of Iraqi oil revenue to compensate Kuwait for the invasion twenty years ago under the regime of Iraqi President Saddam Hussein.

And continued this international action, and that Iraq and Kuwait Christrcanh in the Security Council after the completion of the passage of Resolution 833.

He pointed to the existence of pressure on the Iraqi government and perhaps also to Kuwait to solve pending issues between the two countries.

He stressed that the resolution 833 on the security, integrity and sovereignty and borders of Kuwait will be the first priorities of the new Iraqi government.

In regard to the formation of the Iraqi government, said Iraqi Foreign Minister Hoshyar Zebari said his continuance in office in the new government is formed and the announcement is imminent.

Zebari said that there is a national Iraqi, Arab and largely regionally and internationally to sustainability. This pride is too large.

http://www.ipairaq.com/index.php?nam...itics&id=33617

Iraqi ports begin to receive oil equipment for the benefit of foreign companies

The director of media ports in the Iraqi province of Basra on Saturday, that the Iraqi ports began to receive the equipment used in drilling and exploration, extraction and export of oil through the ports and running a fuel co-operate, after the Minister of Transport announced by the Iraqi last month.

Said Anmar net Kurdistan News Agency (Rn) announced today that "Iraqi ports began to receive the equipment used in drilling and exploration, extraction and export of oil through the ports after announcing that the Iraqi Transport Minister outgoing Amer Abdul-Jabbar, the last month," adding that "the Iraqi ports began receiving tubes huge oil intervention in the process of transfer and export of oil inside and outside Iraq."

The net that "there are several factors helped in the success of this mission in the Iraqi ports of the most prominent entry equipment maneuvering and loading developed and entered through companies working in Iraqi ports, which are running and the fuel joint operation, which contributed substantially and significantly in the development and progress of the Iraqi ports."

"The next year will see further development and perhaps the entry of international companies to work in ports and therefore, there will be an increase in profits."

The province of Basra (550 km) south of the Iraqi capital Baghdad, has five ports contributes significantly to the increase of imports by Iraq of Finance and is also the only outlet to the sea with which kinds of goods for the benefit of all Iraqi provinces.

And of the most prominent of these ports of Umm Qasr and Abu Flus and stronghold and FAO as well as Creek Holiday Allah and al-Amaya's special use Iraq's oil and work the number of foreign companies the world within those ports system contracts of joint operation, including Marlok German Lucy IBM French and Gulftainer UAE Department of British.

http://www.aknews.com/ar/aknews/2/203207/

Who is worthy of ‘self determination’ in Iraq

Suddenly, the term ‘self-determination’ surfaces in the Iraqi political scene. Personally, I am very much impressed by the term in a country in the midst of a devastating strife.

‘Self-determination’ is a demand many countries have been making in the past few decades. But perhaps Iraqis are among the nations which are in urgent need of it.

For instance, internally displaced Iraqis whose houses are being occupied by armed militias and their leaders are entitled to self-determination.

Iraqi refugees in Syria, Jordan, Egypt and other parts of the world are in a constant struggle for their self-determination.

Hundreds of thousands of former army personnel whose units were disbanded are waiting for self-determination.

Millions of Iraqi orphans, martyrs and their children are looking forward to a decision that will help them determine their fate.

The poverty-stricken Iraqis, who witnessed the embezzlement of billions of dollars (by their leaders and factions), and ended up having not enough to eat, are keen to see the day they are given the right to self-determination.

The prisoners languishing in public and secret jails as well as those run by the Interior Ministry and the Baghdad Military Operations, plead with Almighty, day in day out, for the time they will be given the right to self-determination.

The victims of the havoc wrecked by international and regional intelligence agencies in Iraq are in urgent need of self-determination.

Even those residing in the “Green Zone” – rulers and subjects – are under the constant obsession of self-determination. These are the ones who know, better than any other section of the Iraqi society, the type of ‘self-determination’ that is in store for them.

http://www.azzaman.com/english/index...12-17\kurd.htm

Adviser to Maliki: Iraq will resume his travels with Air China in mid next month

The adviser to Prime Minister-designate Nuri al-Maliki for External Relations, Saturday, that Iraq would resume formal trips with Air China in mid-next month.

He said Zia Qureshi, told the Kurdish news agency (Rn), said that "Iraq and China signed an agreement on the opening of the air route between the middle of next month after the completion of all legal and technical procedures relating to the resumption of the air route between the two countries."

And Quraishi, "China expressed its desire to reopen the route with Iraq after a hiatus of more than two decades as a result of policies that were pursued by the former regime."

The Quraishi that "Iraq will strengthen its economic and trade cooperation with China after the opening of the air route," noting that "Iraq is seeking to develop its economic relations with Japan and South Korea in the next stage."

The Iraqi government representative of the Ministry of Transport has begun serious negotiations with several Arab and foreign countries in preparation for the re-opening of the airline stalled since the nineties of the last century against the backdrop of the Gulf War.

Prime Minister-designate Nuri al-Maliki vowed during a news conference last month in Baghdad to end all outstanding issues with the State of Kuwait and start friendly relations with all countries in the region, describing the new government, which intends to set up as a government of national partnership will promote the national responsibilities.

http://www.aknews.com/ar/aknews/2/203348/

CBI calls for monetary integration with the Region of Kurdistan

The Central Bank of Iraq, Saturday, to the need to integrate the banking between Baghdad and the Kurdistan region to give the monetary realities in the country, more transparency, noting that the merger requires the signing of a memorandum of understanding includes mechanisms.

The central bank adviser said the appearance of Mohammed, told the Kurdish news agency (Rn), "The memorandum of understanding that are supposed to be concluded between the Central Bank and the Region of Kurdistan on the monetary integration on the rights of employees, appointments, and public ownership, and to clarify the mechanism of integration of banking business between the central bank and banks of the Territory" .

He also explained that "officials in the Kurdistan region have expressed their desire to integrate fully into the banking transactions with the Central Bank of the central universe is the sovereign Foundation sponsors the work of cash in the country and organized in line with economic reality."

Between Muhammad and that "the provincial government insured that there should be full integration that oversee the banking business in the region hurt the welfare of the economic system of last resort and gives greater transparency and trust."

He said that Mohammed "We can not separate cash transactions and financial relations between Erbil and Baghdad because of the currency consolidated financial statements, which can not be split departments for any reason."

The Central Bank of Iraq announced last October revealed that the rate of inflation in Iraq to 2.7% compared with last September, which encouraged the launch of liquidity for banks by 5% of the cash reserves of the existing legal to have, in order to expand lending operations and advancing development.

The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and manage the reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.

http://www.aknews.com/ar/aknews/2/203288/

Allawi says will join Iraq govt if given real power

Former Prime Minister Iyad Allawi said on Friday he will join a new Iraqi government led by Prime Minister Nuri al Maliki if the premier follows through on promises and makes him a genuine partner.

Allawi's Sunni backed Iraqiya bloc won the greatest number of seats in a March parliamentary election but his participation in the new government, which may be formed next week, has been in question.

He said: "Iraqi political powers must share an equal role in making fundamental political decisions." And added: "Authorities must be equal, and distributed fairly."

But Allawi said the participation in a new government of his cross-sectarian Iraqiya bloc, which won 91 seats with heavy support from Iraq's minority Sunnis, was not a certainty.

He added: "We have the desire to be in the coming government. We want to be partners and not (just) contributors."

Iraq is without a new government more than nine months after an election Iraqis hoped would bring stable governance after years of war and economic decline. Maliki was appointed on Nov. 25 to form the government and was given 30 days to pick his ministers.

Allawi, who has warned that any attempt to exclude his Sunni backed bloc from the government could lead to renewed violence, signed on to a November 10 power-sharing agreement between Iraq's Shi'ite, Sunni and Kurdish political factions.

The deal ended an eight month political impasse following a March election that failed to produce a clear winner.

The agreement put Maliki, a Shi'ite, on track for a second term, returned Jalal Talabani, a Kurd, to the presidency and made Sunni lawmaker Osama al Nujaifi speaker of parliament.

Under the accord, Allawi was to head a yet to be created national strategic policies council.

But a day after the pact, Allawi and some members of his Iraqiya bloc walked out of parliament, saying the deal was being violated. Allawi later said he would not take part in the government, declaring power sharing "dead".

Maliki and Allawi met on Tuesday for the first time since they sat side by side in parliament more than a month ago.

Allawi said the two agreed on the formation of the strategic policies council Allawi is to lead. In the past, Maliki had said the council would be an advisory body, but Allawi had sought real power.

He said: "He (Maliki) was clear in his words and right to the point. We hope things will go properly to achieve these issues without any obstacles."

He said: "We don't believe the important issue is how many ministries we will get in the coming government, but rather the partnership that we will share in making decisions on Iraq future."

http://www.arabianbusiness.com/allaw...er-368162.html

16th December 2010

Iraqi banks waiting for government incentives

Waiting for the private banking sector in Iraq, the whole set of resolutions by the year 2011 aims to provide a great deal of support for them, especially private banks, which have gone a long way to merge to become the new banking entities.

These expectations and came as a result of the deliberations conducted by officials in the private banking sector with government officials, most recently with an economic advisor to Prime Minister Abdel Hussein Al-Anbuge.

The head of the Association of Iraqi private banks Fouad al-Hassani said in a statement to the «life» that the «expectations correspond with the promise of Anbuge at the meeting which was attended by large gathering of officials in the private bankers, governmental and private, in would get private banks to package of incentives to be more durable», He pointed out that «the government will adhere to its responsibilities to support the banking sector strong and robust and capable of growth and development».

He revealed that Hassani expects private banks in the context of these incentives «raise the ceiling on funds that may have up to 5 million dollars for each adoption, in addition to allowing government departments to open accounts in private banks to a certain extent». He guessed that gives the Iraqi Central Bank also banks merged soft loans with priority given to remittances and reducing the statutory reserve her «in a move aimed at helping them to reach the roof of capital set by the CBI of 250 billion dinars ($ 213 million) at the end of 2012».

Hassani explained that «the Iraqi private banks defaulted on a need to« first aid »promote growth opportunities for the exercise of its functions without problems». He said after meeting with officials of the banking sector: «the government will adhere to its responsibilities to support the government and private banks and restore confidence», pointing out that «the study of the development banks came against the backdrop of a delay and the problems in the performance of some of them». It was announced that the meeting «reach to the existence of a need for a package of measures to facilitate the work of banks and control», with the central bank urged to activate its oversight role and practice of preventive procedures in the form of more stringent.

He also stressed Anbuge on «the importance of restoring confidence sinks civil and address the causes that led to some confusion in her performance, and repair status of their boards, and be it through more interventionist role for government to become a partner in the ownership of private banks and then withdrawn after the demise of financial hardship as is the case in market economies », calling to« increase their capital as quickly as possible and to encourage integration ».

And explained that in Iraq currently 44 private banks «but the number is not as important to have banks more effective, as there are quality standards, quality and performance bank they will be working to avoid any situation lag in performance can get you in the future».

http://translate.googleusercontent.c...mksUGSBOZ5o1WA

Iraqi business elite thrive

Refuge of thousands of Iraqi businessmen to Jordan in the nineties when the country suffered paralysis as a result of U.S. bombing and economic sanctions imposed by the United Nations after the invasion of Kuwait. The dawn of the American invasion of Iraq in 2003, more unrest. And expanded free trade zone in blue on the outskirts of the Jordanian capital Amman after that transformed the kingdom into a safe haven for the commercial activities of the Iraqi construction companies to restaurants, specialized in the provision of the thickness of the covered dish, a traditional Iraqi popular.

And the foundations of many wealthy Iraqis in Jordan, joint ventures with international companies to provide their products and services. And the expansion of some of that rule to manage the commercial activities across the Middle East. Iraqi investors pumping billions of dollars in the Jordanian economy over the past two decades, including Khawam and his brothers and their commercial and industrial activities.

Do not think only a handful of businessmen in the reopening of industries closed after the sanctions imposed on Iraq after its invasion of Kuwait in 1990, which contrasts with the big oil companies that rushed to set up a presence in the country, which lies over some of the largest crude reserves in Almonzera to lack of resources security enjoyed by the major oil companies, the companies owned by the Iraqi families more vulnerable to sectarian and ethnic differences that are still plaguing the country.

Says Nabil Rassam President Nabil Company for Food Industries Company, which turned his family into one of the largest processed meats in the region after two decades of sanctions that hit the company's operations in Baghdad paralyzed that Iraq is still a place fraught with danger for business activities. The painter: there is security and electricity are available, we can do something. It is not easy now to succeed in Iraq. And created a business class of their own Iraqi airspace in the Jordanian capital and spread their mansions in the elite residential areas in Amman.

The land records show that the Iraqis at the top of the list of property buyers from non-Jordanians as they spend more than $ 250 million in the last ten months of the year. Iraqi expatriates and pumping billions of dollars in real estate assets or shares of Jordanian and now hold a large share of bank deposits in the Kingdom and sizes up to 18 billion dinars, or $ 25 billion. But on the other side of Jordanian banks lose ground to their counterparts of Lebanon, which has attracted Iraqi companies hungry for capital to fill the vacuum left by the Iraqi banking sector, which is still largely insulated from global financial markets does not provide a little credit.

http://translate.googleusercontent.c...89YE8dzGEQ1H-Q