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

Researchers at Mustansiriya assert that the cost of lifting the zeros from the currency of the largest utility

Concluded researchers at the University of Mustansiriya that the cost to raise zeros from the Iraqi currency for the time being greater than the benefit.

This came in a scientific symposium held by the School of Management and Economics at the University under the title (lifting of the zeroes between acceptance and rejection) in a meeting room at the college.

And between the official source at the university, said the seminar held by the Department of Economics in the Faculty of Management and Economics, Touched Zeros in the Iraqi currency in terms of concept and discuss Ray supporters and opponents of the process of lifting of the zeroes as well as the conclusions arrived at.

He pointed out that the seminar included a discussion of economic policies and historical evidence and ground relied upon by the process of lifting the zeros through the bedrock of the economy based on economic stability, low inflation and stable exchange rate based on the strength of the productive sector can provide goods and services.

The President of the University Ihsan Kazem al-Qurashi in a speech at the symposium that the University has taken upon itself in recent times to address issues and topics of interest to human society and the State.

He added that this would open up to the society and the state investment capabilities and scientific potential enjoyed by the university.

http://www.ipairaq.com/index.php?nam...onomy&id=36865

Basra, signs a memorandum of understanding with Britain to promote investment in the province of reality

The director of the Federation of Iraqi businessmen in the province of Basra, Sunday, signed a memorandum of understanding between Britain and Basra in order to improve the investment reality in the province.

He said Sabih al-Hashemi, told the Kurdish news agency (Rn) "The signing of the memorandum came to develop the country's economy in general and Basra in particular in all areas of investment, as well as the provision of facilities and investment between the two sides Kasmat entry and licensing investment."

And signed a memorandum of understanding on the sidelines of the conclusion of the second investment, which was held between the Council of the British businessman - Iraqi and local firms in Basra and in the specialized field of oil.

He also added "the conclusion of the conference saw many of the findings and recommendations, including: For businessmen and representatives of British companies to the investment conditions in the province, and the extent of security and stability enjoyed by Basra."

For her part, Honorary Director of the British Business Council - as the Iraqi Nicholson's (Rn) "The two sides obliged to implement the provisions of the Convention, which concluded today," indicating that "the British government and their Iraqi counterparts would welcome any economic agreement concluded between the two sides."

The Business Council of Iraq - the British are about a year and a half and includes Iraqis and British investors, as well as the British out of Iraq.

For his part, said an official of the Economic Commission in the province of Basra, Mahmoud Taan Almksusi's (Rn), "The Council declares its commitment to the terms of the memorandum signed with the British side today."

The Almksusi that "the Basra city council is ready to provide all facilities to the British delegation wishing to invest in the province," pointing out that "his council welcomes any economic agreement would develop the infrastructure of the province."

The second investment conference held for two days at the Millennium Hotel, Basra, and was attended by representatives of the company, "BP" and the British, "Shell" the U.S., as well as representatives of companies that have not previously worked in Basra as "Sky."

http://www.aknews.com/ar/aknews/2/227689/

House of Representatives approved the development of the Ahdab oil field

The MP said the Iraqi List, the white Aziz Sharif Mayahi, Alberlmansout the approval of the draft law on ratification of the amendment to the Republic of Iraq crude oil pipeline agreement signed in 1973 between Iraq and Turkey.

He Mayahi in a statement to Radio Tigris on Monday, "said the session fifth and forty on Sunday, which included a vote on the draft law on ratification of a contract to develop the Ahdab oil field and the second reading of the draft law of the First Amendment to the Investment Law liquidation of crude oil No. 64 for the year 2007."

Clear "that the amendment of the bill came to the country's need for petroleum products, which requires the establishment of new refineries which is paid to make way for the investors in this area.

http://www.radiodijla.com/cgi-bin/ne...?id=2011-03-28

Maliki considers no-confidence vote on Iraq government

In a meeting with a group of Iraqi academics, analysts and politicians, Iraqi Prime Minister Nuri Al Maliki said he considers calling for a no-confidence vote on his government if his political partners carry on challenging him, an informed source told Alsumaria News.

Maliki believes the political process in Iraq cannot succeed under the present Constitution, the source speaking on condition of anonymity said.

Maliki says National Alliance and Iraqiya components are working to hold back his government and oppose him, the source told Alsumaria News.

Iraqi Prime Minister is waiting till the end of the 100 day deadline he set to gauge ministries’ performance before exposing all facts, the source who attended the meeting added.

Maliki affirmed that he is serious about the list of reforms submitted by the ministerial council and showed commitment to bring them into completion within the set timelines.

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

Abdul Mehdi declines Iraq Vice President nomination

The senior official of Islamic Supreme Council Adel Abdul Mehdi declined his nomination by Iraqi President Jalal Talabani as Iraq’s Vice President. The position became useless amidst stalling to ratify it, Abdul Mehdi argued.

Abdul Mehdi notified head of the Islamic Supreme Council Sayyed Abdul Aziz Al Hakim to nominate someone else for the position.

In this regard, he handed on Sunday a letter to President Talabani and another one to Hakim, a close advisor of Abdul Mehdi told Alsumaria News.

Abdul Mehdi did not want to be nominated in the first place, however, he respected the will of President Talabani, the adviser added.

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

Kentz Positions Itself for Further Growth in Iraq

Kentz Corporation Limited, the holding company of the Kentz engineering and construction group, has positioned itself for further project opportunities in Iraq.
In its annual report, issued this morning, the company said:

“One area, where we see significant outlook for both capex and opex contracts is in Iraq. During the period Kentz took a 49% stake in an Iraqi company, Dome General Contracting Company Ltd, thereby offering local content coupled with all of the Kentz service offerings for future opportunities. We have already secured our first contract in country.

“During 2010 our investment in DomeGeneral Contracting Company Ltd. (Iraq) was completed to support our strategy to provide process and non-process EPC services for upstream infrastructure development in Iraq. Kentz was recently awarded an engineering services contract with a leading international oil company for upstream oil facilities. The scope includes front end engineering design (FEED) and geotechnical and topographical surveying of a 900 hectare block covering well sites, well clusters and intra-field roads, the central processing facility, water intake and accommodation for operations people. Following the FEED, Kentz will provide detailed engineering design for the well sites, well clusters and intra-field roads and construction management for the project. The project positions Kentz well for further project opportunities in Iraq.”

http://www.iraq-businessnews.com/201...rowth-in-iraq/

Iraqi-British conference to encourage oil investment

The Iraqi-British Business Council and the Iraqi Businessmen Union – Basra Branch, have held a 2-day Investment Conference to encourage investment in the oil field, attended by officials in the oil sector in Basra and a number of private companies, specialized in oil and gas, as well as members of the local administration in the Province.

“The main motive of this activity is to strengthen the relationship between the industrial companies and the Businessmen Union, in the field of oil and gas,” the Acting Chairman of the Iraqi Businessmen Union, Sabih al-Hashimy told Aswat al-Iraq news agency.

Hashimy said that “the said conference was held through direct cooperation with the British Oil Companies, represented by Lord-Lady Ima Nixon, in charge of several charity institutions, including the so-called “Ammar Institution.”

“We consider this conference as being part of a policy, aimed at waging pressure on both local and central governments, in order to change the state’s policy towards enabling those specialized companies to invest in the fields of oil and gas,” Hashimy added.

On his part, the Official in-charge for the Energy Committee in Basra Provincial Council, Farid Khalid Ali, told Aswat al-Iraq: “investment in the oil and gas sectors in Basra is very important and useful, and involves large dimensions concerning those companies, as well as the Basra citizens, due to the fact that those companies would begin their first large step in the field of investment.”

The Chairman of the Rehabilitation & Development in Basra Provincial Council, Engineer Mustapha Attiya Rissan, on his part said: “this conference is the second conference, attended by British companies, taking place after the economic and political developments in the Arab World and the Middle East in general.”

“Iraq has become the best Arab environment, enjoying security stability and being a stable economic power, with a political system, despite it is being young, but it has proved to be the best system in the Region,” Rissan said.

Rissan also said that the “political and economic transformations in Basra has changed it into a good investment center, inviting investors and businessmen from the Western World.”

http://en.aswataliraq.info/Default1....&id=141641&l=1

Mahdi Al-Hafiz Ihdhirmn Stasv economic crises in Iraq

Warned the former Minister of Planning Mahdi Al-Hafiz from the economic crisis has ravaged Iraq.

The Keeper (of the Agency news) said on Saturday that billions of dollars that disappeared in the corridors of the executive branch, is the reason the foundation of new economic crisis in the country, as well as lack of knowledge of the future of the economy, "tumbling" originally not for anything from an oil boom.

He noted that Iraq would be subjected to economic crises of the effects of social and cultural trends combined with growing political despotism, describing it as "the disaster and expressed surprise at the keeper for the adoption of Iraq's oil, warned of growing corruption, despite more than talk about the fight.

He called to speed up adoption laws provide employment opportunities for Iraqi youth, which is (63%) of the percentage of participants in the demonstrations, and trial of spoilers, and speed up investment.


http://ar.radionawa.com/Detail.aspx?id=1263&LinkID=197

Exxon, partners reach milestone at Iraqi oil field

Exxon Mobil Corp.'s subsidiary in Iraq said on Monday that the company and its partners at a large oil field under development in southern Iraq have exceeded a production target.

The initial field production of 244,000 barrels per day at the Qurna I field has increased to 285,000. That nearly 17 percent rise exceeds a target under a technical services contract that called for a 10 percent improvement in production, according to ExxonMobil Iraq Ltd., a unit of the Irving, Texas-based parent company.

Exxon Mobil's partners in the project include two Iraqi state-owned companies and an affiliate of Royal Dutch Shell PLC. The field's lead contractor, with a 60 percent interest, is ExxonMobil Iraq. More than 1,600 Iraqis are working at the 8.6 billion barrel field, one of Iraq's largest.

Under an agreement between Iraq and the companies, production from the West Qurna I field should reach 2.825 million barrels a day after 6 to 7 years.

http://www.businessweek.com/ap/finan.../D9M8CF9G0.htm

Iraqi Kurds inaugurate $365 million airport facility

Arbil International Airport, which cost $365 million, was officially inaugurated on Sunday.

The airport’s director-general, Talar Faiq, said the airport “ is the fifth largest in the world and has the capacity to handle nearly three million passengers a year.”

She said the airport, designed by a British firm and built by a Turkish company, will be looked after by South Korean technicians and experts.

“We intend to construct warehouses and hangars for the repair and fueling of planes,” Faiq said.

The Kurds run a semi-independent enclave in northern Iraq, comprising three provinces – Dahouk, Sulaimaniya and Arbil.

They get 17 per cent of Iraq’s total royalties for the sale of Iraqi oil which last year were estimated at nearly $80 billion.

http://www.azzaman.com/english/index...03-29\kurd.htm