Thread: Archive - Latest News Think Tank - 15/01/09 - 04/05/09

The economic effect

The world is witnessing a significant decline in the prices of commodities and goods, foodstuffs, and the background of the global crisis and the deterioration of world oil prices, particularly for foodstuffs have fluctuated rapidly in recent

Where the price of agricultural produce, foodstuffs, meat and chicken also fell, prices of goods and cargo. Not because it was linked to the capabilities and possibilities of exporting countries, but with the capabilities of the importing countries, especially those related to oil revenues have been affected after the financial result of lower oil revenues.

And the fact that the Iraqi market, dealing mainly with the importing foreign Tsairia are subject to the principle of supply and global demand and vulnerability, as we pointed out when the character is still the former great imbalance that we believe will be reflected on the living standards of the poor and other groups who are inevitably affected by the repercussions of the crisis the money.

This needs to gesture by the authorities concerned as there may be groups or control speculation and try to use the opportunity to take advantage of the large difference in prices to their interests and dissolved as long as the markets in the world, why are these changes imposed by the prevailing market prices, the Iraqi and insist Mufrdaly wholesalers and not to reduce prices, commensurate with the rates World ..

This observation Nsogaha We in early 2009 we hope to see effective economic transformation T. joints allow the production to play a role, as well as ensure that the dealers to take into account market conditions and social components of living standards, and prices are subject to the theory of market economy and not to the whims of speculators and control of import.

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CBI links higher dollar demand to price reductions

An official source from the Central Bank of Iraq (CBI) on Thursday attributed the higher demand for the dollar during the bank’s auctions to the marked fall in the prices of goods around the world and the appreciation of the Iraqi dinar.

“The surge in the demand for the dollar during the bank’s auctions is linked to the increasing demand from the private sector…,” a legal officer in the bank, Madhhar Mohammed Saleh, told Aswat al-Iraq news agency.

Saleh said that he expects gradual price reductions in Iraqi markets over the coming three months.

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The Promising Investment Environment

We have a plan to impose the law in a marked improvement and security in the capital Baghdad and other governorates, where the young fruit of the auspicious birth of the environment Alastosmaripallowaadp, which will have positive results in the form of attracting capital and the rush of immigrant Arab and foreign investors to invest their money in the investment environment attractive.

These lights require a positive and supportive ways to secure the return of investors and encourage them to implement major projects in the country, which had to work to our national security, through campaigns and publicity through various media to explain the foreign investment law and clarify its provisions, and urged the creation of awareness and promotion of investment capital and investors to take advantage of the environment The investment includes the establishment of municipal institutions to grant the necessary facilities for investors to allocate land for the establishment of investment projects and not to put obstacles in front of those who wish to invest in accordance with the laws.

The emphasis on service to all departments to provide all possible facilities to investors, including the delivery of water and telephone services for investment projects proposed to Iraq and give them priorities in order to contribute to stimulating the money to speed up the capital to come to Iraq to carry out such projects.

It means other important work of these projects to be exempt from taxes and providing legal protection of the capital, which lead to the strengthening of capacities and capabilities to facilitate the functions of investment and support investors through banks and banks as well as providing the necessary facilities for the import and export and to promote the swap and to give priority to the balance on the balance of exports and imports to ensure cash available and to address the fiscal deficits and the immune and the national economy and well-being vaccinated against the risks of financial collapse in the modern world during this period.

There are other tasks that will provide the investment environment of the successful re-examine all previous legislation on investment and the adaptation of new legislation to suit the investment environment and the supply of migrant transactions productivity through encouraging them to re-operation to contribute to this environment, God willing, promising to eradicate poverty and combat unemployment and improve the the possibilities of the national economy.

* Ministry of Planning and Development Cooperation

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Shahristani calls for Russian companies to compete for the work of the oil sector

Research and Oil Minister Hussain al-Shahristani, with a Russian delegation headed by First Deputy Chairman of the Federation Council and the Federal Assembly of the Russian Federation Alexander Surcin the possibility of strengthening economic relations between the two countries and oil.

He briefed al-Shahristani, the Russian delegation on the mechanism adopted by the ministry for the development of oil and gas fields in accordance with the principle of transparency in the competition among international companies through the first two rounds of licensing and II.

And al-Shahristani, the Russian delegation that the conditions include the availability of financial and technical capacity and expertise in the area of jurisdiction.

Shahristani told Russian companies from entering the need to compete with other companies if they want to work in the area of the Iraqi oil sector.

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Originally Posted by Seaview

CBI links higher dollar demand to price reductions

An official source from the Central Bank of Iraq (CBI) on Thursday attributed the higher demand for the dollar during the bank’s auctions to the marked fall in the prices of goods around the world and the appreciation of the Iraqi dinar.

“The surge in the demand for the dollar during the bank’s auctions is linked to the increasing demand from the private sector…,” a legal officer in the bank, Madhhar Mohammed Saleh, told Aswat al-Iraq news agency.

Saleh said that he expects gradual price reductions in Iraqi markets over the coming three months.

http://en.aswataliraq.info/?p=106384

Central: rising sales of the dollar caused by low commodity prices worldwide

adviser said the central bank, on Thursday, said the rise "large" in which the central sales caused the decline of the dollar prices of goods and commodities and a global rise in the value of the Iraqi dinar, and expected effects of the Iraqi market has been declining over the next three months.
The appearance of Mohammed Saleh told (Voices of Iraq), "The significant increase in the sales of the central canteen for the sale and purchase of foreign currency due to increased demand for the dollar by the private sector to implement the new contracts to meet local market needs," and after "the fall in the prices of food and goods global consumption and the high value of the Iraqi dinar against the dollar. "

The sales of the Central Bank this week has seen a big increase, the highest for the past two years, surpassing the T. $ 300 million during the meeting last Sunday, with no less than 200 million dinars during the rest of the meetings.

Central held five meetings to the sale of foreign currencies during the week in order to stabilize the exchange rate of the dinar against the dollar.

On the causes of the Iraqi market has not been affected by the continued rise in commodity prices which, Saleh explained that "the Iraqi people will notice a gradual reduction of commodity prices over the next three months" in view of the existence of "the economic cycle that is repeated every four months in the industrialized countries."

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Government identifies five goals in the President of the General Budget

The Government has drawn up five goals to be achieved through the President of the implementation of the general budget for the year 2009, at the time allocated more than four trillion dinars to secure items of the ration card.

He is scheduled to start the House of Representatives today, the second reading of the draft general budget of the State of more than 70 trillion dinars, of which about 56 trillion for the operational expenses and more than 14 trillion dinars, the expenses of the investment projects a shortfall of about 20 Trliuna, covering money recycled from the budget last year.

The Government has identified five goals to a.spire to achieve during the 2009 budget, namely: to achieve security and stability and impose law and satisfy the basic needs of citizens, in addition to the increase in human capital through education and attention to ministries of education, health and focus on the reconstruction of infrastructure, which provides the requirements of economic construction and basic services, as well to contribute in addressing unemployment through the implementation of investment projects. According to the latest draft of the budget that took place, "Sabah", a copy of, the Council of Ministers, an amount of 400 billion dinars, as a contingency reserve, within the provisions of other expenses.

The budget approved by the Council of Ministers at its meeting on December 23 last, to determine the percentage of 17 percent of the total expenditure for the province of Kurdistan, and the allocation of an amount of four trillion two hundred billion Iraqi dinars of the items of the ration card, and monitor the amount and trillion hundred and fifty billion dinars for the purchase of medicines.

And on the allocation of social protection network, the government has earmarked an amount of 807.5 billion dinars, with the continued granting of soft loans for small unemployed graduates to enable them to find investment opportunities and to eliminate the phenomenon of unemployment

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Investment companies of Karbala to visit Saudi Arabia for establishment of industrial projects & tourism

....met the Vice-Chairman of the Investment Authority in Karbala, Al-Hajj Jamal Yassin, a delegation representing the Group of Companies Al Bo fifty Saudi Arabia. Yassin al-Hajj, said "The delegation declared its willingness to establish investment projects in the province, especially the industrial, residential and tourism, which is one of the best areas to invest in Iraq," The group has received all the Albu Fifty investment projects submitted by the Commission, will be to complete a number of them after the selection of La not appropriate project company ", and has access to the investment map and made a number of proposals for the establishment of new projects.

The delegation included the Chairman of the Board of the group, Mohamed Moussa Bo repercussions, and a number of subsidiary companies filed with Saudi Arabia, the United Arab Emirates. of said the chairman of the group "that enjoys the benefits of Karbala make the focus of attention of many Arab and foreign investors alike," he said, stressing the existence of a "competition between the major companies to enter Iraq for the purpose of investment, especially in view of the sanctity of Karbala and its stance geographical fit for a number of tourism projects," .

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Government OKs financial agreement with IDA - source

The official spokesperson of the Iraqi government on Wednesday said that the council of ministers decided to agree the bill of approving the agreement signed with International Development Association (IDA) of the World Bank.

"The agreement is related to a loan to fund the Urgent Project to Provide Water," Ali al-Dabbagh said in a release that was received by Aswat al-Iraq news agency.

"The agreement was signed by the Iraq government and IDA on Oct. 15, 2008," he added.

"The project aims at providing better quality and quantity of drinking water at the provinces of Diwaniya, Thi-Qar, Wassit and Missan," he noted.

"According to the Iraqi constitution, the agreement will be admitted to the parliament for approval," he asserted.

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Al Islami Foods unveils Iraq expansion as the country embarks on economic revival

Iraq post-war figues show: In US$ 9 billion GCC food market size, Iraq's halal-food imports estimate at US$ 2.5 billion for its 30 million population "With the political stability and opening up of the economy in Iraq, we believe the Iraq will re-emerge as an economic power in the Middle East region." - Saleh Lootah, CEO, Al Islami Foods.

DUBAI: With the commencement of economic revival in Iraq, Al Islami Foods today annouced signing of a major distribution agreement with the Baghdad Poultry and Meat Preparing Company, a diversified trading company in Baghdad, which will distribute a range of Al Islami products in Iraq. The distribution agreement was signed in Dubai.

Saleh Abdullah Lootah, chief E.x.ecutive officer of Al Islami Foods commented: "With the political stability and opening up of the economy in Iraq, we believe the Iraq will re-emerge as an economic power in the Middle East region. Our Iraq market study reflected a highly fertile market for Al Islami products. That is the reason we have adopted a forward-thinking approach to establish Al Islami in Iraqi markets."

Beside dramatic growth of the halal market, Al Islami stresses on to correctly define and educate the public about the Real Halal, on which the company stands strong across the world. The essentials for being authentic halal are: a) Animal slaughtering by a Muslim; b) Reciting Allahu Akbar (Allah is the Greatest); c) Without stunning the animal; d) Animal is fed on natural and halal feed, all according to Islamic Shariah. To ensure the halal process, Al Islami deploys its respresentatives at slaughterhouses.

Page 1/2 Iraq's post-war figues show: In total US$ 9 billion GCC food market size, Iraq's halal-food imports estimate at US$ 2.5 billion for its 30 million population, where 97% are Muslims and over 75% are Arabs.

With the signing of distribution agreement, a consignment of Al Islami frozen chicken and chicken parts has been sent and distributed in Iraq, which received an overwhelming response from the local market.

"We welcome Al Islami in Iraq and we are proud to partner with such a prestigious company. We believe it is the right time for Al Islami to establish its foothold during Iraq's reconstruction phase." said Mohammed Sadeq Yassin, Managing Director at Baghdad Poultry and Meat Preparation Company.

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Baghdad conference next month on investment and land

An adviser to the National Authority for investment in Iraq, on Thursday, that the Commission will organize a conference in Baghdad next month to discuss the issue of allocation of land identified for the domestic and foreign investment.

The Abdullah-Bandar told (Voices of Iraq), the National Investment Commission was preparing for the conference to be held in Baghdad in mid-February of next month to discuss the issue of allocation of land identified for investment, both domestic and foreign investment and mapping in Baghdad and other governorates, the presence of the heads of departments in the provinces and officials of the ministries .

He said that many research papers will be presented during the conference to get to the ways of overcoming the difficulties faced by investors and provide guarantees and privileges.

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