Thread: Iraq/Dinar News up until March 28th 8PM CT.

Economic : a new mechanism of activation of telephone communications with the neighboring countries
24.03.07
Baghdad-Sabah

The Ministry of Communications new mechanism to activate the telephone communications with the neighboring countries after the deterioration in the past three years. A source in the ministry statement to the press : that the mechanism would include the increase of cable link between Iraq and the neighboring countries, including the reform of damaged as well as the installation of devices and sophisticated equipment to increase telephone land between Iraq and those countries. He added :

The mechanism will include the signing of bilateral agreements with these countries in this field, especially that Iraq had started two years ago in conjunction EASSy, which connects both Saudi Arabia and Kuwait and the Arab Gulf states. " It is noteworthy that the international telephone calls stopped after the April 2003 bombing because of switches and ground stations in the Baghdad and other governorates during the last war, as well as the looting and sabotage that has been exposed.

Translated version of http://www.alsabaah.com/paper.php?source=akbar&page=37

The pension law is one the the IMF requirements - the same document on IMF website says : http://www.imf.org/External/NP/LOI/2007/irq/022307.pdf

Reform of pension law in line with sustainable pension system - was due September 30, 2006 - Expected in March - SO WE SHOULD HEAR ABOUT IT IN THE NEXT FEW DAYS

Economic : the impact of privatization policies in operation
24.03.07
Habib Assadi

According to Douglas North, in a lecture to accept the Nobel Prize for Economic Sciences in 1993 : (The transfer of the political and economic official of the western market economies to the successful countries of the third world and Eastern European countries is not a sufficient condition for good economic performance Privatization is not a panacea to solve the problems of low economic performance.

In Iraq, is the trend towards privatization in earnest, especially after the formation of (the privatization) in July 2004 and recreated again by the Council of Ministers headed by the Prime Minister and the Minister of Planning and Development Cooperation and the Minister of Industry and the Minister of Finance and Minister of Trade, where given the broad powers of a new investment law, and a clear plan of action The thought of economic reform and privatization of state enterprises in all sectors in the national strategic development towards a market economy and enhance the role of the private sector.

The Commission has already started discussions with experts of the World Bank and the International Development Enterprise and the Altekhasih Jordanian, and access to the experiences of other countries in this area, as well as an examination of the Iraqi experiment during the 1980s and 1990s.
It may be recalled that - here - that Iraq is counterproductive have experienced the nationalization of some private sector projects in 1964 and that experience worthy of study to detect positive and negative aspects in their local, Arab and international levels.

In light of the current conditions that will be motivated on the next five years at least, we have enough time to deliberate decision-making away from influences, and our long experience with the Iraqi private sector makes structured projects (public sector), it does not mean shaking hands and delivered to the Iraqi private sector or investment Like foreign oil companies prior to revive our economy, as the diversity of the sources of wealth open the doors of Iraqi participation of the State in a lot of economic activities vision of a mature and far-reaching us in the mixed good experience can be developed to accommodate the additional work, as far as the effects of privatization on the operation of the labor force and unemployment situation broad suffered by the Iraqi citizen has not been developed proposals and solutions successful despite the wide network of social protection, social welfare, unemployment insurance and direct operation by official bodies or the employment and vocational training in its courses continued, the effects of those trends multiple points can be summarized as follows :

Loss of jobs immediately, in view of the need for capital-intensive, which causes decrease the demand for manpower.
Stop operation of the new labor force.
The emergence of bargaining power of trade unions and political problems and the emergence of a professional appeal with the Department of privatization and government administration.

The limited impact on the rest of the economy in the near term, and could use the growth of the long-term view to achieve profitability.
Further investment and the demand for labor and the result was split into two halves Altshaaib and create small projects and complementary addition techniques and modern production lines, as in the projects in the fields of poultry feed, or fertilizer industry in the fields of livestock or dairy industry in the fields of animal breeding.

The direct impact of privatization on feeding projects for projects such as processing of raw materials or semi-manufactured goods, as well as their impact on the consuming project for the production of enterprises privatized because of the slow restoration of production or different pricing policies, or alternative marketing outlets.

In Iraq leads the availability of the required capital and government spending on public sector projects that are no longer capable of self-financing, and accounts cost compared to the accounts of profits and the economic feasibility of maintaining the projects and the establishment of new projects and seminars career excess unemployment is convincing and administrative bureaucracy, laws and regulations related to bureaucracy and corruption killer administrative and non-establishment of security and order, etc., to the time in the trend towards privatization, especially the labor force and raw materials and capital available in Iraq, and as a result the demilitarization of our vision of unilateral policies result inclusiveness and flexibility of the study result western media, (the) American capitalism promised, it will lead us inevitably to the correct decision for the good of the homeland and its people.

Translated version of http://www.alsabaah.com/paper.php?source=akbar&page=37

PETROL POLITICS
Kurds Near Agreement with 15 Oil Companies
Minister Wants Firms to Locate Iraq HQs in Kurdistan
Posted 9 hr. 57 min. ago

Employees of the joint Turkish Genel Enerji and Canadian ADDAX drilling installation in Taq Taq, 75 km from Irbil, in May 2006.Kurdish authorities are nearing agreement with over a dozen foreign oil companies, Al Jazeera Net reports in Arabic.

The energy minister of the autonomous Kurdish regional administration, Ashti Hawrami, said that the region is heading towards agreement with 15 oil companies, with the goal of increasing investment in the Kurdish region’s oil sector.

Hawrami said that he hoped that the companies would headquarter their Iraqi operations in Kurdistan, according to the news agency.

International oil companies have expressed eagerness to tap Iraq's vast oil reserves, but also have voiced reservations over the poor security situation in the country. Kurdish authorites are angling to exploit their region's energy reserves and relative stability to develop the autonomous area into Iraq's oil hub.

Kurdish authorities are proceeding with negotiations with foreign oil concerns in the absence of a national oil law that would regulate such interactions.

No agreement has been reached as yet on the controversial draft oil law, presented last month to the Iraqi parliament.

Al–Jazeera notes that 61 oil experts, among them former ministers and general directors, called last week upon the Parliament to reject the new measure, warning that “gaps” in the law could be exploited by foreign companies, at the expense of the national interest.

The law would devolve control over negotiations and contracts to Iraq’s provinces, subject to the review of a new federal agency. Revenues would be distributed on a per capita basis between all of Iraq’s provinces, via a mechanism to be determined in separate legislation.

Kurdish authorities have already entered into agreements with five foreign oil concerns, even in the absence of a national oil law. The Kurdish region drilled its first oil wells since the 2003 US invasion in February 2005.

IraqSlogger: Iraq Economy

Reuters) - A senior Iraqi financial officials of the International Monetary Fund in a letter published on Friday that Iraq promised to tackle inflation by making one of his priorities and said that he will continue to gradually raise domestic prices of fuel products in order to reduce black market flourishing.
وقالت .She said the letter signed by Sinan Shabibi governor of the Central Bank of Iraq and the statement Jabbour, the Iraqi Minister of Finance of the International Monetary Fund that "inflation has risen to an unacceptable level inflation has fallen to 52% during the period from September to November in November after rising by 77% in August but increased again to about 65% in December in December.

.And this has caused further difficulties between people find his way with difficulty because of the conflict since the American-led invasion in 2003.

.Increased domestic prices of fuel due to the gradual reduction of fuel subsidies under the economic program of the International Monetary Fund amounts to $ 715 million, extending the government recently to September.

.Excluding fuel and transport stabilized rate of inflation in the range between 30 and 35%.

وقال ."He said the Iraqis "to curb inflation will continue to the Central Bank of Iraq and strict credit policy would permit the exchange rate are gradually supposed to set inflation justifies the continuation of this policy."

.He added the Iraqis that they are committed to facilitating private sector imports of petroleum products after the new oil law aims at introducing private companies Iraqi and foreign in the distribution of oil products.

.The new law approaching Iraq from the establishment of a framework for foreign companies to invest in the oil production sector was important to rebuild the economy.

ات.Financial officials said, "we are making available to the private sector storage facilities and petrol stations.

".""We also organize a conference to encourage the importation of domestic and international companies for petroleum products."

.And Iraq has the third largest proven reserves of oil in the world, but Massavih suffered from ten years of sanctions and an increase in violence now.

ويعتقد .It is believed that the smugglers armed finance for the transfer of fuel illegally, causing a shortage forced people to stand in queues for hours to get petrol Almenavd-backed government.

.The government said that it also intends to significantly increase spending in the budget for investments oil and non-oil this year, which will be supervised by the Office of the Prime Minister.

.The letter said that the negotiations under way with China to resolve outstanding external debt with lenders from outside the Paris Club, while having contacts with the main creditors of the Arab Gulf States.

.Iraq owes it to the Gulf States about $ 40 billion, mostly owed to Saudi Arabia and Kuwait, which has urged the United States to follow the example of Paris Club creditors, who agreed in 2004 to cancel 80% of Iraq's debt in three steps over four years.


marsadiraq.com

THIS IS WOOT NEWS:

I sent an email to [email protected] and this is his reply. I sent this yesterday and received a reply this morning.


Dear,
The procedure will show up withen 10 days on ISX website.
Regards,
Taha

Bettye xxxxxx <[email protected]> wrote:

I am in the US and want to buy stock in the Iraqi Stock Exchange. What is the procedure?
Thank you,
Bettyexxxxxx
[email protected]



Send instant messages to your online friends Yahoo! Messenger - IM and PC-PC calling.

NINA

Economy / symposia
م يةBanking Studies Center assesses seminars for banking cadres
.Baghdad / Nina / The Center for Banking Studies of the Ministry of Finance symposia comprehensive training cadres for the Iraqi banking system in order to raise the level of technical and professional performance. �A statement by al - Mur
>> More >>>> More



24 Mar 2007 10:23:0024 Mar 2007 10:23:00
اارInvestment
يجيةMaysan eligible for vital projects and investment strategy
�Architecture / Nina / Eng Taha guest Chairman of the investment in the Maysan governorate that the Maysan governorate received several offers in the area of investment in the sectors of oil, industrial and button


Translated version of http://www.ninanews.com/

Originally Posted by funwit

THIS IS WOOT NEWS:

I sent an email to [email protected] and this is his reply. I sent this yesterday and received a reply this morning.


Dear,
The procedure will show up withen 10 days on ISX website.
Regards,
Taha

Bettye xxxxxx <[email protected]> wrote:

I am in the US and want to buy stock in the Iraqi Stock Exchange. What is the procedure?
Thank you,
Bettyexxxxxx
[email protected]



Send instant messages to your online friends Yahoo! Messenger - IM and PC-PC calling.

Definitely Woot worthy!! ........rv before that takes affect??? I hope so!!!

Originally Posted by Jola

The pension law is one the the IMF requirements - the same document on IMF website says : http://www.imf.org/External/NP/LOI/2007/irq/022307.pdf

Reform of pension law in line with sustainable pension system - was due September 30, 2006 - Expected in March - SO WE SHOULD HEAR ABOUT IT IN THE NEXT FEW DAYS

Great find Jola. SGS had said that the pension law kept coming up in strange places and seemed to partner with news about the exchange rate. This was probably why - it's an IMF requirement.

Originally Posted by funwit

THIS IS WOOT NEWS:

I sent an email to [email protected] and this is his reply. I sent this yesterday and received a reply this morning.


Dear,
The procedure will show up withen 10 days on ISX website.
Regards,
Taha

Bettye xxxxxx <[email protected]> wrote:

I am in the US and want to buy stock in the Iraqi Stock Exchange. What is the procedure?
Thank you,
Bettyexxxxxx
[email protected]



Send instant messages to your online friends Yahoo! Messenger - IM and PC-PC calling.

Thans funwit. Great job! I just hope they are very clear about the requirements. Instructions that seems obvious to them may not be understandable to us. I'm sure it will be a while before all the kinks get worked out. However, I understand that this is already an established requirement for other countries to participate in their stock exchange.