Thread: Archive News - Iraqi Dinar Think Tank - 24/01/201 - 23/07/2011

Basra Investment: There are fake investments and aims to bring out the currency of the country

Detection head of the Basra Investment, on Wednesday, the presence of some phony investments, which aims to bring hard currency out of Iraq.

Haidar al-Ali Fadel told (Voices of Iraq) that some investment projects that are currently in Iraq is bogus investments designed to bring hard currency of the country and this kind of investments do not encourage the establishment of projects.

He explained that investment either be a real investment or investment placebo, Investment is the real, which brings money and work into the country and achieve productivity as projects of agriculture and industry, the investment placebo is that which comes out currency outside the country such as city projects games that require the purchase of all materials of major outside Iraq, so that leaks currency abroad.

"We are trying to find real investments bring foreign capital and create jobs and develop the productive sector of the economy."

http://radionawa.com/Ar/NewsDetailN....776&LinkID=155

Maliki calls for a strategy strengthen oil cooperation with Russia

Eda Prime Minister Nuri al-Maliki, on Wednesday, to develop a strategic plan to enhance cooperation with Russia to invest in oil and gas fields.

He said al-Maliki during a meeting with President of the Union of oil and gas producers Yury Hafranjv on Wednesday the government's keenness to develop relations with Russia in all fields, particularly economic and oil and the need for exchange of visits between officials of both countries to enhance communication and expand the horizons of cooperation in various directions.

The new prime minister has invited Russian companies working in Iraq and contribute to the process of construction and reconstruction in addition to cooperation with the Council of Russian businessmen in various economic fields, noting that it is important to cooperate in the investment of oil and gas fields, develop and expand its work and to develop strategic plans for further work in this sector .

For his part, expressed the President of the Federation oil and gas producers Russia's support for the Maliki government and its support in all that it seeks to build Iraq and achieve the aspirations of the people in the security, stability and prosperity.

He Hafranjv his country is keen on continuing its relations with Iraq and development, pointing out that businessmen and professionals in the fields of oil and gas support and affirm their support for all you are doing what the Iraqi government in the fields of economy, oil and gas.

The head of the Union of Producers of Russian oil and gas, the time has come for real participation and increased cooperation in the work of Russian companies in the sectors of oil and gas pipelines and energy.

http://radionawa.com/Ar/NewsDetailN....783&LinkID=155

Source of funds: $ 50 billion are threatened by corruption and the pursuit of creditors after inflicting the central government

Detect financial source for high-level Iraqi secret strings move under the sudden decision to inflict independent bodies under the chairmanship of the Iraqi government.

He criticized the decision to abolish the independence of the source of major institutions in Iraq is a guarantee to protect the structure of the state economically, politically and strategically, including the Central Bank of Iraq and the electoral commission. The newspaper quoted a financial source for decades, which is unnamed, that the issue relating to the full reserve of foreign exchange of 50 billion dollars, and the applicant pending the CBI and the subject in American and European banks. The source added: that a country full of corruption, cash reserves will be subject to waste, looting and corruption if they came out of those reserves from the powers of a fixed institution of the State that do not change a government that are subject to change.

The source said that this financial reserves in the banks, enjoying international protection because it is in the International Classification of wealth for the Iraqi people can not be prosecution of creditors, but if moved to the government would be vulnerable to creditors claim for damages and the debt of Iraq is not the possibility of dealing with it now.

http://www.uragency.net/index.php?aa=news&id22=16171

United Arab Emirates expects its investment in Iraq to $ 6 billion

Total volume of investments of UAE companies in Iraq by the end of last year, three billion Dolaramirki.

He expected the report to the Ministry of Foreign Trade UAE rising private sector investment to the UAE six billion dollars over the next few years.

The report said that UAE companies interested in promoting trade and investment cooperation with Iraq, where the UAE plans to invest 2.22 billion dirhams in Iraqi Kurdistan until 2013.

And occupy Iraq in second place on the Arab and atheist tenth globally in the list of trading partners of the UAE.

The report added that the oil companies and energy invested in the UAE's Kurdistan region of Iraq is seeking to increase their production and investments, which is owned by Dana Gas, 40 percent of Kobor factory for the production of gas and condensate.

The UAE's interest in investments in oil and gas sector as a result of the importance of the status of Iraqi oil reserves in the world, where occupying Iraq ranked third globally in terms of the amount of undiscovered oil reserves, and is characterized by relatively cheap labor and low cost of the establishment.

The report pointed out that Dana Gas had to extend the gas pipeline length of 180 km in a climate of stability in the region and without any security problems, as the company produced during this period in the Kurdistan region of Iraq, about 140 thousand barrels of oil equivalent, with an expected increase in production capacity in the future to 200 thousand barrels of oil equivalent.

On the other hand have increased non-oil trade between the two countries by 63 percent from 3.07 billion dollars in 2008 to 5.01 billion dollars in 2009.

http://www.ipairaq.com/index.php?nam...onomy&id=34928

Van Oord Wins $100m Iraq Dredging Contract

Dutch company Van Oord has been awarded the dredging contract for the Iraq crude oil export expansion project off the coast of Iraq in the Arabian Gulf [Persian Gulf].

The client is the South Oil Company of Iraq. Van Oord will be working for main contractor Leighton based in Australia. The contract value for Van Oord amounts to some 100 million US Dollar. Work will start immediately and continue until the end of 2011. After completing the maintenance dredging project in the port of Umm Qasr in 2003, this is Van Oord’s next project in Iraq.

Van Oord will be dredging a 43-kilometre-long trench and the turning basins around three oil loading buoys. The project site is located at the mouth of the river Euphrates. Van Oord will be deploying its largest trailing suction hopper dredger HAM 318 (pictured) and two cutter suction dredgers.The HAM 318 will be working at a distance of approximately 40 km off shore. The cutter suction dredgers will be working closer to the coast. During project execution all employees will remain offshore.

http://www.iraq-businessnews.com/201...ging-contract/

Claims to speed up the implementation of a great port of Faw, amid fears of a regional obstruction

A number of officials and specialists in Basra on Wednesday, the Federal Government and the concerned authorities to expedite the start of the project of the port of Faw, while others felt that the project will shift across the region amid fears of block parties regional.

The Chairman of the Committee on Economic Development in the Basra Governorate Council Taan Almksusi Mahmoud, told the Kurdish news agency (Rn) that "Faw port project is one of the projects the strategic and economic task in the whole region."

He Almksusi that "in the status of implementation of this project as planned will shift economic quality of the regional and international level and will benefit the Great on the whole of Iraq." He said, adding that "the proposed port of Faw has qualities many distinguishing it from all ports in the region and perhaps the most prominent of those advantages of size and size and geographical location, overlooking the Persian Gulf. "

He noted that "the project will contribute directly to the development of infrastructure in Iraq as well as reduce the cost of transport fares between Iraq and the countries of the world, will also provide many job opportunities."

He called Almksusi the federal government and the concerned authorities to "speed up the process of implementing the project in an attempt to shorten the time and invest large resources."

For his part, says researcher and academic at the Center for Persian Gulf Imad Abd al-Wahhab's (Rn) that "Faw port project could change the features of the economic map in Iraq through its contribution to the establishment of an economic renaissance in the great country."

He explained that "the project is able to expand the area of investment in Iraq by giving way to various countries in the world, not to mention the revitalization of commercial traffic with respect to exports and imports of the country." He said, adding that "the project will make Iraq present in the heart of the world on the grounds that it would be a link with Persian Gulf and down to the Mediterranean through the dry canal project and then to the Pan-Europe."

He stressed that "the authorities in charge of implementing the project should be aware that any delay in implementation is the delay in the transfer of Iraq from the traditional economic reality to another reality it takes to be the first nucleus in the Middle East for trade and maritime transport."

While the expert considers economic Baqir Jaafar's (Rn) that "the FAO project in the port would raise the ire of several regional countries, especially those that do not want Iraq to be a source of world economy."

He Baqer feared "the possibility of artificial obstacles put by some regional countries, which considers this project a threat to their personal interests." He pointed out that "with the presence of this large amount of negative reactions, precautions possible will be any delay in the process have vowed to initiate the port is very dangerous."

The Ministry of Transport and placed last April the foundation stone for the port project Faw, which indicates his designs the basic features the container terminal along the 39,000 meters, and a berth last a length of 2000 meters, as well as an arena for containers with an area of more than one million m 2 and the field of other multi-purpose area of 600 thousand m 2, where the absorptive capacity of the port 99 million tonnes annually, while total cost for the establishment of four billion and 400 million euros, it is hoped that the connection port of the railway line linking the Persian Gulf through Iraq's northern ports of Europe through Turkey.

http://www.aknews.com/ar/aknews/2/213699/

Expert calls to wait in the application of the customs tariff law
He said the non-feasibility study within the economy in the maze

Economic expert stressed the need for Iraq to be tariff law is that he did not rule out that other effects have been reflected in the increase of production costs, cost of living.

The expert, Dr. Kamal Al-Basri in his response to the question (morning) on the potential impacts of the application of tariff law the new, which is scheduled to begin implementation early next March: that the law in theory should have implications for directing import policy as appropriate for the development efforts and to ensure the protection of the national product and raise the revenue the state treasury.

Optical pointed out that there are legitimate questions are as follows: if the goal of the Act is to protect the national product and the promotion of state revenues, is calculated and appreciation of the positive and negative.

And on the effects of law on the economic reality finds visual that in the case of the subject from the perspective of industrial and agricultural production must know that the contribution of industry in GDP subsided between 7 percent to 1.5 percent during the period 1975-2008 is dominated by the public sector most of Iraq's industry and by 90 percent However, the optical pointed out that the current reality of the sector boils down to, with 67 public companies represent about 40 percent of the total public companies in the state employing 500,000 member and containing (251) plants, including 176 factory workers, a rate of 70 percent either stalled and is under rehabilitation are currently 17 plants stalled and laboratories which are of economic feasibility are 23 laboratories, and safe, but it stalled for lack of economic feasibility (10) the laboratories of the stalled no point in re-run is 25 plants.

Dr. Kamal Al-Basri, said the problem of industrial production is mostly due to the inability of the public sector to complete the rehabilitation of companies, and that a large proportion of industries is useless to qualify, and the other did not yet include the feasibility study and the proportion of the other suffering from sagging and aging in the devices and equipment, and the weakness of human capabilities with the vulnerability of the environment investment as a barrier to the entry of investors for the rehabilitation of those industries.

And goes on to say: and the fact that private sector is not the level required is the other suffers from weakness and fatigue as a result of the effects of the blockade and the lack of funding and the knowledge gap of technological as well as the acquisition of the public sector to some economic practices, these factors combined to double the performance of the private sector and now does not constitute in the statistics of 2007 was more from 9 percent of capital formation, this fact has led to governmental entities in the frequency dependence.

He suggested the optical to the weak competitiveness within the scope of the comparative advantage enjoyed by Iraq in the region, bringing the matter is that the price of a bottle of water, healthy plant in the laboratory of Jordan or the Gulf down by 15-65 percent on the price than that of Iraq it is useful to mention now that the coefficient of Iraq do not have a certificate Global Quality (ISO) and hit for another, such as manufacturing plants and packing of dates, which are the other does not have the certificate of ISO.

Iraqi industries, the most prestigious and here optical ask you that the law will work on the development of the private sector in light of the above?
He Basri, said the new industries facing greater challenges, including lack of land for the establishment of these industries, in addition to the absence of a feature of economic productivity, and did not study the subject of interference of law with the directions on the access to the World Trade Organization, and wondered whether the law will in the near term in the evolution of policy production industrial. Basri said: Even the agricultural sector was also decreased its share in GDP of 8 percent to 3.5 percent for the period (1975-2008), and causes the decline of arable land due to salinity, high production costs, the scarcity and high energy prices and weak infrastructure (irrigation, marketing, lack of liquidity and primitive farming methods and educational status).

Visual and returned and asked: Do you Simay law on the development of a policy of agricultural production?
And on the effects of the law, welfare of the citizens said Basri, said the country imports more than 80 percent of food and more than 90 percent of the capital material and therefore the application of the law will contribute directly to raise the cost of living and production will entail alleged that the weak purchasing power of the citizen and the expansion and depth of poverty and rising prices industrial and agricultural products and increasing reliance on cheap goods of poor quality ... Does the law will contribute to the development of economic welfare in the light of the foregoing.

He predicted the optical high revenues of $ 420 million to $ 840 million and contribute to increasing the financial resources of the government, but the economic problem is not reflected in the lack of revenue, but revealed the past years, the inefficient use of revenue in the decline of the role of other economic sectors that contribute to the increase in gross domestic product Here, the optical wondered what is the economic value of revenue if it contributed to the increase in inflation, the government administrative system and double disguised unemployment.

He concluded by visual that he finds it necessary to postpone the application of the law of customs tariffs to be completed feasibility study of the law, dealing with the law as part of each and everyone is the policy of economic reform, including the requirements of Iraq's accession to the WTO and concluded definitely that the absence of such an assessment may enter the Iraqi economy is in the maze of benign Hereafter as he put it.


http://www.alsabaah.com/ArticleShow.aspx?ID=1585

Vice in Iraq: Saturday or Sunday, closed-door meeting between al-Maliki, Allawi

member of the National Reconciliation Commission and parliamentary accountability and the representative of the Iraqi List, Qais helter-skelter for a closed-door meeting between Maliki and Iyad Allawi.

The helter-skelter in a statement (of the Agency news) on Thursday: The day of Saturday or Sunday will be the meeting between Prime Minister Nuri al-Maliki and the leader of the Iraqi List, Iyad Allawi alone at the headquarters of National Accord Movement, headed by Allawi, Indicating that the meeting will resolve the outstanding issues, most notably, the mechanism of the National Council for strategic policy, as well as candidates for office security, ministries and obtained by the Iraqi did not nominate candidates.

However, helter-skelter: the Iraqi List, demanding a vote on the President of the National Council within the parliament, to give parliamentary legitimacy, just as presidents of the three (the Republic, Ministers, House of Representatives).

Prime Minister Nuri al-Maliki, said in a joint news conference with the leader of the Iraqi bloc Ayad Allawi and Ibrahim al-Jaafari, head of the National Alliance after a meeting in the latter's house in Baghdad: It was agreed that a unified stance on internal and external issues relating to Iraq in the political, security, and expressed the position of unified, in addition to the joint work of state-building.

He noted that this agreement was a sense of the parties that the multiplicity of visions and voices in internal and external issues detrimental to the course of the political process.

He explained that during the meeting also search center in a file security ministries and ministries that are managed by proxy in the new government formed in atheist and twenty of the past month, either in relation to the Political Council for strategic policy, which would be headed by Allawi, has said al-Maliki that the law of this Council will be ready soon will be held where representatives of the blocs of the National Coalition and Iraqi meeting to finalize it before submitting it to the House of Representatives for a vote soon to take its role in supporting the political process in addition to the law of the Vice-President of the Republic. He said he would send a letter to the President of the Council of Representatives, "we call them because the law of the National Council of the priorities of laws in addition to the Vice-President of the Republic.

http://www.ikhnews.com/news_view_7579.html

Iraq: No meeting between Allawi and al-Maliki Saturday to resolve outstanding issues

The leader of the Iraqi List, Salman Jumaili he did not specify any meeting between Prime Minister Nuri al-Maliki and President of the Iraqi List, Iyad Allawi, to resolve the issues that are still stuck on the Council of strategic policies and the issue of portfolios security vacancies which are managed from Maliki agency Contrary to earlier reports confirmed that a meeting was anticipated to be held between Allawi and Maliki on this subject.

Jumaily said: I asked Allawi about it he replied that he did not Saturday's meeting with Maliki. "We did not set out any meeting between them, until now."

The political sources in Baghdad said that the meeting will be held early next week between al-Maliki, Allawi to discuss a number of outstanding issues .. The past weeks have seen many shuttle correspondence between the two sides traded during which issues fill the vacant ministries and an end to take over some officials and key ministries and acting to resolve the formation of the Supreme Council of the Supreme policies .. The sources said that the two sides suggested holding a meeting on Saturday or Sunday of next week at the residence of the President of the Iraqi List and is confined only to them and it will be important and decisive for the completion of these issues. The meetings were held at the headquarters of the former Prime Minister or the President of the headquarters of the National Alliance Ibrahim al-Jaafari.

http://www.uragency.net/index.php?aa=news&id22=16201

Commission on Public Integrity: The Ministries of Justice Oil and the most corrupt in the past month

Published the "body integrity" in Iraq, the results of a questionnaire showed that the Ministries of Justice and oil are the most corrupt in the past month. The Ministry of Justice refused the figures contained in the questionnaire for the escalation in the use of bribery in the public sector institutions, stressing that "the ratios contained in the report were exaggerated, and moved far from the truth," while The Ministry of Oil that it continues to restructure its institutions and the activation of the regulatory and referral of those involved in corruption to the competent authorities.

Revealed "the integrity" in a statement that the two ministries and the Institution of the Martyrs most frequently abused of bribery in December 2010. She explained that "the monthly survey conducted by the body to measure the size of bribery in the public sector and emphasized that the ministry of oil have increased by 6.8 percent and the Ministry of Justice have increased 6.32 percent, while the Foundation recorded 4.75 percent of the martyrs."

The survey demonstrated that in the use of bribery in public sector departments rose "in the provinces of Dhi Qar, 9.2 percent and Babylon by 9.08 percent and Najaf by 8.43 percent, the most commonly abused public sector departments of the bribe in the last month."

http://www.uragency.net/index.php?aa=news&id22=16206