Thread: Iraq/Dinar News up until March 18th Midnight ctz

U.N. chief to host meeting Friday on Iraq Compact to promote the country's development
By EDITH M. LEDERER
13 March 2007 (AP Worldstream)
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Secretary-General Ban Ki-moon plans to host a meeting Friday so the Iraqi government can brief U.N. member states on a five-year plan to ensure the government has funds to survive and enact key political and economic reforms.

The Iraq Compact was set up shortly after Iraqi Prime Minister Nouri al-Maliki took office in June 2006 to "consolidate peace and pursue political, economic and social development."

Friday's meeting also will "provide the Iraqi government with an opportunity to inform potential donors on the progress made in the implementation of its commitments," Ban said.

In his quarterly report on Iraq circulated Monday, Ban expressed hope that the date and venue for the launch of the compact will be identified as soon as possible, noting that the documentation has been finalized.

Ban said in Monday's report that he strongly believes "that positive political progress and a reduction of violence are essential preconditions for the success of this initiative."

Since December, however, the report said high levels of violence have continued to overshadow political and reconstruction efforts.

"The worsening security situation, particularly in Baghdad and in the southern and western regions, continues to undermine the ability of the government of Iraq to deliver essential services, create jobs, and reconstruct socio-economic infrastructure," it said.

The U.N. Mission in Iraq and the country team will continue reconstruction efforts wherever possible, including providing support for the International Compact "while also maintaining a strong advocacy role in humanitarian and human rights issues," the report said.

"Ultimately, the Iraqi people and their leaders face a fundamental choice, between seeking a negotiated political settlement or drawing further into the abyss of sectarian conflict," Ban said. "I believe that it is still not too late to turn the tide and prevent further escalation."

As of January, contributions to the U.N. Development Group Iraq Trust Fund totaled $1.12 billion (A850 million) and some 113 projects have been approved for funding, Ban said. He also noted that the fifth meeting of the International Reconstruction Fund Facility for Iraq Donor Committee will take place in Istanbul, Turkey, on March 20.

U.N. chief to host meeting Friday on Iraq Compact to promote the country's development | Iraq Updates

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The meeting of the Council of Deputies today attest discuss the extension of the state of emergency

Zulfiqar Ali-13 / 03 / 2007

The director of Information Office of the President today, Tuesday, the House of Representatives is scheduled to take place during the meeting of the Council today discussed approval to extend the state of emergency imposed in the country.

He explained Mr. Muhannad Abdul Jabbar told (Voices of Iraq) Independent that the House of Representatives today held its second meeting in its third Legislature, which are expected to include approval of the extension of the state Altore and take a decision on Iraqi citizens living outside Iraq and refused nominated refugees in addition to a number of other bills. The council held its first meeting in the Legislative separated III yesterday, Monday, and its head, Sheikh Khaled al-Attiyah, First Deputy Chairman of the Board.

Vice President Dr. Adel Abdel Mahdi reassured on the health of the President of the Republic before leaving Amman to New York

March 13, 2007

March 13, 2007

استقبل رئيس الجمهورية جلال طالباني في عمان يوم الاثنين 12/3 الدكتور عادل عبد المهدي نائب رئيس الجمهورية الذي قام بزيارة فخامته للاطمئنان على صحته.

President Jalal Talabani in Amman on Monday, March 12, Dr. Adel Abdel Mahdi, the Vice-President of the Republic, which had paid a visit to His Excellency to check on his health.

وكان نائب رئيس الجمهورية قد وصل العاصمة الأردنية عمان أمس، في طريقه إلى نيويورك ليرأس الوفد العراقي المشارك في اجتماع العهد الدولي لدى الأمم المتحدة.

The Vice-President of the Republic has reached the Jordanian capital of Amman yesterday, on his way to New York to head the Iraqi delegation participating in the meeting of the International to the United Nations.

The House of Representatives will discuss drafts law on investment in the oil industry and human rights



ناقش.Discussed in the House of Representatives during its first legislative THREE held yesterday a number of important laws including the second reading of the third amendment to the draft bill on the maintenance of the irrigation and drainage networks No. 12 of 1995 and the second reading of the draft law on private investment liquidation of crude oil in addition to the first reading of the draft law on the Office of the High Commissioner for Human Rights.
القراءة.He said first deputy chairman of the House of Representatives Sheikh Khaled al-Attiyah, who chaired the meeting : that the relevant committee requesting postponement of the second reading of the law regulating broadcasting frequencies, due to the completion of the governorates.
ويتناولThe law regulating broadcasting frequencies and the organization of the work of the mobile phone networks and broadcasting via radio to the media on television and radio and the development of the law of the Communications and Information is responsible for granting special leave mobile phones and transmission via the Iraqi ether.
.Objected to the Minister of State for Parliamentary Affairs Safa net on the postponement, he said : that the government needs to enact the law, in addition to that there is a full-fledged Ministry for its work.
تاماً.And in relation to said Member of Parliament (Iraqi National List) Judge Wael Abdel Latif to the meeting yesterday : that agriculture in Basra collapsed completely collapsed.
ان .He added Abdul Latif during a subsequent meeting that the reason for the deterioration is due to the lack of agricultural supplies and higher wages instead of land to four times what it was under the decision of the Ministry of Agriculture.
وكان.The parliament yesterday, the first reading of the draft law of the irrigation and drainage networks, which provided for the doubling of wages instead of land for those who default on the payment for the first half of the year.
65%).Abdul Latif said that agriculture in Iraq need material support, and not to increase the tax burden, especially to farmers in representing Iraq (60 - 65%).
.He continued : strange in the subject that citrus fruits fall to Basra from Egypt, Kuwait and the other and this is what I have known through the preventive Balmlakat and farming associations in Basra.
.His Therefore, the need to support agriculture, seeds, fertilizers and water.
.And Hazralinab coalition of common Muhammad Naji serious risks of Iraq, especially the building of large dams by Turkey which would rivers Tigris and the Euphrates to the imbalance in the level of water which would lead to a catastrophe for Iraq, pointing out that the water that would go to Iraq if the dam will be one quarter the quantity contained for years.
وفيية .In the second reading of the draft law on private investment liquidation of crude oil, which aims to encourage the development of national industry through the creation of private refineries and marketing of oil and oil products and implemented by foreign companies or joint Iraqi and foreign companies with high potential and competent Iraqi laws to international standards.
كما ينص.The project also provides for the operation of 75% of the size of the Iraqi working conditions and the level of Tknluji sophisticated and equipped the Ministry of Oil refineries and crude oil prices and the export price of oil on board the tanker minus minus 1% in addition to the transportation of crude oil, where she holds the Oil Ministry memorial, maintain and operate meters and that the company investing set up an oil pipeline that links from the point of delivery and refinery also entitled to keep investing company traded crude oil received from the Ministry of Oil in addition to the possibility of the company to determine the prices of petroleum products exported inside Iraq or outside Iraq, according to the prices of the Free Zone.
.The law says that rent land, which will work on projects for a period of 40 years, where she holds the Ministry of Finance met and the right to withdraw the letter of the law to form a ministerial committee on behalf of the Investment Committee for the liquidation of oil membership includes the oil, finance and planning, environment and be linked to the Council of Ministers will consider the requests.
وناقش .The representatives discussed extensively the articles contained in the draft law to develop in a way that suits the industrial development of Iraq, said Dr. Mahdi Al-Hafiz member of the Iraqi List to the importance of the indivisibility of articles pointing out that the oil regard to oil operations and indivisible part of the state's general policy, stressing the importance of regulating this the law is part of a comprehensive strategy and a number of deputies called for amendments in the law so serious that integrate all staff and postpone discussion until approval of the draft of oil and gas.
.The Chairman of the meeting, Sheikh Khaled al-Attiyah hold a hearing to the House today to discuss a number of draft laws on its agenda.
وکالة ال�رات العراقية للانباء

Iraq allows non-citizens circulation in the bourse Justice / follow-up to the Executive Director of the Iraq market for securities Taha Ahmed Salam that the Board of Governors in the market ", the circulation procedures for non-Iraqis and referred to the competent authorities for approval and authorize the commencement of work,

وأعلن .Salam announced that "work is continuing now to move from the manual circulation systems to electronic trading after the contract with the Swedish شركهOMX, which carried out the same project in exchanges of Dubai and Abu Dhabi, Cairo, Saudi Arabia, Palestine, in addition to the seven European exchanges," pointing to "the end of the train 32 staff and 48 broker members of the Securities and Finance and the Board of Governors in the market, to use the new system late last month, Salam explained that the current year "will be important for the adoption of a transaction and the transfer of electronic files investors of companies contributing to the deposit, leading to the elimination of the daily problems experienced by the work of the Stock Exchange. وكذلك.As well as increasing the speed of the rate of turnover of shares, as well as to encourage investors to training and moving to electronic trading and accept the inclusion of new companies in the market, as well as the expansion of the investment signing of the agreement with the Kurdistan to open the hall to circulate securities which, linked electronically with the market in Baghdad, Iraq, as witness the accession to the European International exchanges and cooperation with the Arab stock exchanges for the opening of direct investment through channels Stock Exchange. " The Executive Director pointed out the difficulties and problems encountered during the investment last year, and it is the results of the operations of trading in the market was "not positive", the most important one, according to the "lack of stability and security departments and some companies of the threat, and each other's abduction curfews and preserve the lives of citizens, and the migration of some Iraqi capital abroad, which led to the liquidation of large shareholders governor. .Moreover, increases capital-organization. " He Salam to the reflections of increasing interest rates on bank deposits to boost investment. Given the inverse relationship between rising interest rates and stock prices, as well as the non-participation of the financial sector in the government invest in the bourse, despite the presence of large financial surpluses in assets - invested, and the failure of some departments of companies in the development of the industrial sector activity. still operating at less than capacity. In spite of these obstacles facing investment activity last year, the Executive Director of Iraq that the market for securities, "able to carry 93 meeting circulation rate of two a week, during which circulation 58 one billion shares at a value of 146 billion Iraqi dinars.
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OH looky, another article about reducing inflation and raising the dinar

The Iraqi Central Bank announced its intention to reduce inflation and increase the value of the Iraqi dinar to be in the interest of stability and economic growth.
وأفاد ".A statement from the Media Office of the Central Bank Taklt Agency (eye) media a copy of today, Tuesday, "The bank continues its activities in the implementation of policy, which will take some months until the effects on inflation trends and its operations."

".Pointing out that the bank took into account in implementing the monetary policy of the exceptional cases in the evolution of a sharp price phenomenon resulting from temporary factors occur from time to time, and lead to higher inflation rates, in particular in relation to Bahttzazat aggregate supply in the economy and in particular the extraordinary rises in the price of fuel, transport and communications, in addition the normal seasonal fluctuations experienced by some sectoral activities in the Iraqi economy. "

وختم البيان قوله :He concluded the statement saying :

""."Central Bank of Iraq is still determined to reduce inflation and to address the causes and trends of continuing its policy of raising the value of the Iraqi dinar and the interest rate has, so take inflation downward track and was in the interest of macro-economic stability and sustain the general growth of the Iraqi economy."

www.eyeiraq.comWww.eyeiraq.com

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Maliki-Anbar
Posted by: saleem on Tuesday, March 13, 2007 - 12:22 PM

Maliki-Anbar
Iraqi Premier visits Anbar and meets tribal chiefs
By Wathiq Ismael

Baghdad, March 13, (VOI)- Iraq's Prime Minister Nouri al-Maliki arrived on Tuesday morning in Ramadi, capital city of Anbar province, and met with tribal chiefs, an Iraqi official source said.
"Prime Minister Nouri al-Maliki arrived this morning in Ramadi city and met tribal chiefs there," the source told the independent news agency Voices of Iraq (VOI).

He added "al-Maliki arrived at 10:30, onboard a helicopter coming from Baghdad."

Al-Maliki's visit was the first to the Sunni Anbar province since he assumed his post as prime minister in April 2006.
Anbar is 110 km west of Baghdad.

http://www.iraqdirectory.com/DisplayNews.aspx?id=3396

Byblos Bank to open Irbil branch in early May

Daily Star - [13/03/2007]

Byblos Bank says it will open a branch in the northern Iraqi city of Irbil in early May, becoming the first Lebanese financial institution to operate in the country. Byblos officials refused to say how much they invested in the Irbil offices, which will be staffed by 15-20 Lebanese and Iraqi nationals. About nine months ago the Iraqi Central Bank granted Byblos a banking license, which does not come with minimum reserve requirements for the Irbil branch."Iraq is not a new experience for Byblos Bank," said spokeswoman Ingrid Sfeir. "During the 1960s and 1970s, Byblos had dealings with major Iraqi traders and industrialists and banks. Today, Irbil and Kurdistan are a safe area to operate in. We are also following some of our Lebanese, Arab and European clients who have established a presence in Irbil. We have a plan to increase our branch network in Kurdistan and subsequently in all of Iraq."Local bankers generally applauded the move, seeing Iraq as a potentially lucrative market. Despite daily media reports of violence, bankers said Irbil was secure."Irbil is more peaceful than Beirut," said Saad Andary, deputy general manager of Bank of Beirut and the Arab Countries (BBAC). "It is the most peaceful region in Iraq right now. There is a lot of trade and a lot of investment conducted in Irbil and its surroundings. This is a good move on the part of Byblos."Byblos Bank representatives would not discuss their business plan for Iraq, but several openings exist."The need for construction alone is billions," said Joe Sarrouh, executive adviser to the chairman of Fransabank. "Definitely there is an opportunity there - the only handicap is the security situation. Iraq in general is a very promising market ... We are interested."With the flood of Iraqis fleeing to Jordan, many entrepreneurs have turned to Jordanian banks, with a smaller number using Syrian and Lebanese institutions.

Lebanese banks interact with Iraqis now mostly through letters of credit for Iraqi traders, but by setting up shop in Iraq, Byblos Bank might be able to absorb some of the business now going to banks outside Iraq, Andary said.The move to Iraq is in keeping with the current regional expansion trend among Lebanese banks. Byblos Bank opened two new branches in Sudan last year and will christen a new headquarters there next year, Sfeir said. Byblos Bank also has plans to launch operations in Algeria, perhaps within a year.

Lebanon's largest bank, Banque Audi, cut the ribbon on its Saudi Arabia branch on February 21, and bankers here told The Daily Star that Banque Audi purchased premises in Iraq and trained staff, but put its plans on hold. Banque Audi officials refused to comment for this article.Fransabank sent a delegation to scout opportunities in Irbil two months ago, but decided to consolidate its recent expansion into Sudan and Algeria before opening any more new outposts, Sarrouh said. BLOM Invest Bank, however, said Iraq's instability - beyond security concerns - made it unattractive territory for banking.

http://www.iraqdirectory.com/DisplayNews.aspx?id=3395

Iraq and Jordan discuss the financial file

Translated by IRAQdirectory.com - [13/03/2007]
Iraq and Jordan discussed the financial file between the two sides, especially the issue of Iraqi funds blocked in Jordan and the Jordanian debt on Iraq, amounting to about 1.3 billion dollars. Government sources said that the joint Finance Committee between the two countries held a meeting the day before under the chairmanship of the Jordanian Minister of Finance, Ziyad Frez, and his Iraqi counterpart, Baqir Jabr Solagh, where it discussed the issue of capitals and businessmen transit between the two countries and removing obstacles to the flow of goods in both directions, especially on the Iraqi side. The two sides had agreed last year that Jordan imports Iraqi oil at preferential prices, but the security situation in Iraq and the lack of safe means of transport between the two countries had prevented the implementation of the agreement. It is noteworthy that the volume of Jordanian trade with Iraq has witnessed a retreat for more than three years and has stepped down from first to fifth, especially after Jordan stopped importing Iraqi oil. Jordanian exports to Iraq went down last year to $ 460 million, after having reached $ 536 million in 2005; also, the Jordanian imports from Iraq declined further for up to $ 7.3 million the last year, compared to $ 28 million in 2005.

Originally Posted by rvalreadydang

OH looky, another article about reducing inflation and raising the dinar

The Iraqi Central Bank announced its intention to reduce inflation and increase the value of the Iraqi dinar to be in the interest of stability and economic growth.
????? ".A statement from the Media Office of the Central Bank Taklt Agency (eye) media a copy of today, Tuesday, "The bank continues its activities in the implementation of policy, which will take some months until the effects on inflation trends and its operations."

".Pointing out that the bank took into account in implementing the monetary policy of the exceptional cases in the evolution of a sharp price phenomenon resulting from temporary factors occur from time to time, and lead to higher inflation rates, in particular in relation to Bahttzazat aggregate supply in the economy and in particular the extraordinary rises in the price of fuel, transport and communications, in addition the normal seasonal fluctuations experienced by some sectoral activities in the Iraqi economy. "

???? ?????? ???? :He concluded the statement saying :

""."Central Bank of Iraq is still determined to reduce inflation and to address the causes and trends of continuing its policy of raising the value of the Iraqi dinar and the interest rate has, so take inflation downward track and was in the interest of macro-economic stability and sustain the general growth of the Iraqi economy."

www.eyeiraq.comWww.eyeiraq.com

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The CBI has been announcing that they NEED to raise the rate and are going to for two years now. They need to watch a few Nike commercials and:

Just Do It!!

Please CBI. I need I need to keep my sanity