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

The Iraqi Ministry of Industry is considering with the conservatives openness to foreign investment

Baghdad-3-26 (KUNA) -- The Minister of Industry Iraqi Fawzi Hariri today consultations with the governors discussed ways to Iraqis open up to foreign investments and regional At the same time he said that his ministry had studied the issue of the rehabilitation of its companies in the various governorates.

وقال .Al-Hariri during a meeting held at the headquarters of the ministry with the governors of Anbar and Maysan, Muthana and representatives of district councils and a number of other general managers of companies, the ministry directed Iraq to a market economy makes it imperative for the ministry to open up to local and regional investments and foreign at this stage.

تلك.He added that this requires a clear vision of the investment requirements to ensure the protection of the future of these companies and good financial returns for companies and the governorates and the Iraqi state.

.He pointed out that this comes with the ministry is ready to begin announcing some investment opportunities to be invited Iraqi investors and international companies to conclude agreements aiming to rehabilitate companies inject funds necessary to enable them to compete with foreign companies coming to Iraq and conventions, ranging from 10 to 15 years contribute to support capacity human and technical projects in the governorate.

جاء ة.This comes at a time held about 50 head of an American company survey of Iraqi factories in the public, private and mixed in the Kurdistan region and the cities in the south and center for the rehabilitation and the industrial and commercial partnership.

دية.It was agreed during the meeting attendees on the need to raise awareness and spread his vision of new investment law will help in attracting new investments contribute to Iraq Benhadth economic.

فظاتهمThe Minister of State for the provinces, Saad Taher Hashemi said to Kuwait News Agency (KUNA) that the United Nations will sponsor a conference of the governors of Iraq held in Erbil in the 27 and the 28 of the current month of March on ways to activate the work of governors to speed up the reconstruction process and provide better services for the people of their region

Originally Posted by eric69

can anybody tell me where i can see a print of the final invesment law

I think this is it? not sure though.....but the site lists all the laws so far

الارInvestment Law لChapter I
التعاريفDefinitions



المادة (1) غير ذلك .Article (1) : The following terms wherever it appears in this Act meanings corresponding below unless the evidence shows otherwise.

أ .A. .Council : Council of Ministers.

ب .B. .The National Authority for Investment : is the body established under the law is responsible for the development of national policies for investment and the development of controls and monitoring the implementation of controls and regulations in the field of investment and specific investment projects strategic outlook of the federal nature exclusively.
ج .C. .The Territory : Investment Authority in the province is responsible for planning program and the granting of leave to invest in the province.
د .D. .Authority : preserving the investment in the province in the territory of irregular responsible for the planning and investment granting leave investment in the province.
هـ .E. الة.Body : National Authority for Investment Authority or maintain as the case may be.
و .And. ر .Chairman of the Board : Chairman of the National Authority for Investment.
ز .G. القانون .Project : Economic activity covered by the provisions of this law.
ح .H. والكليات.Assets : machinery, appliances and equipment and machinery, supplies and the number and modes of transport, supplies and office furniture for use exclusively in the project, furniture, furnishings and supplies hotels and tourist cities, hospitals, schools and colleges.
ط .I. .The foreign investor is : who is not a citizen of Iraq in the case of a person real and recorded in a foreign country if the people, legally or morally.
ي .J. الممعنوياً او حقوقياً .Iraqi investor is : who carries Iraqi nationality in the case of a real and recorded in Iraq if the people, legally or morally.
ك .K. النافذة .Taxes and fees : all kinds of fees and taxes imposed by the laws in force.
ل .Told. للم .Design : energy production capacity is designed as a unit of time (hour, day ... Etc.), as evidenced by the documents received from the processor with the machines and the economic feasibility of the project.
م .M. .Portfolio investment : a series of investments in stocks and bonds.
ن .N.. الا .Investment : is the recruitment of money in any activity or project economic legitimate beneficial to the country.




الاهداف والوسائلEnds and means

:Article (2) The purpose of this Act is to Mayati :

.First : the promotion of investment and the transfer of modern technologies to contribute to the development of Iraq and development and to expand its productive base and service and diversification.
والاجنبية .Second : to encourage the Iraqi private sector and foreign investment in Iraq through the provision of necessary facilities for the establishment of investment projects and to promote the competitiveness of enterprises covered by the provisions of this law in the domestic and foreign markets.
للعراقيينThird : the development of human resources according to market requirements and providing job opportunities for Iraqis
تثمرين .Fourth : the protection of the rights and property investors.
.Fifth : the expansion of exports and strengthening the balance of payments and trade balance for Iraq.

تعتمد القانون :Article (3) adopt the following means to achieve the objectives of this law :

اولاً .First : project grants covered by the provisions of this law privileges and guarantees necessary for the maintenance and development through the provision of support, including believes enhance the competitive edge of those enterprises in the domestic and foreign markets.

.Second : project grants leave the winner of investment from the additional facilities and exemptions from taxes and duties, according to the contents of this law.






الفصل الثانيChapter II
الهيئة الوطنية للاستثمارThe National Authority for Investment
وهيئات الاستثمار في الاقاليم والمحافظاتThe bodies of investment in the regions and governorates

المادة (4) :Article (4) :
اولاً : .First : Under this law, a body called the (National Authority for Investment) have personality and moral authority or the Chief of empowered and be responsible for the development of national policies for investment and development plans, regulations, controls and control the application of these controls and regulations in the field of investment and specific investment projects of strategic nature of the federal exclusively.
ثانياً : Second : manages the National Authority for the investment board is composed of nine members with expertise and jurisdiction for a period of no less ferocious than ten years and possess a university degree and competence of the suit and is not restricted to the felony or misdemeanor dishonest or bankrupt.
.Third : A-nominate the Council of Ministers request of the President of the President of the rank of minister and the vice-president and a deputy minister for a period of five years and presented to the House of Representatives for approval.
ب – .B-appointed head of the Council of Ministers of the four members for a period of five years, a general manager.
ج .C-selected by the President of the Council of Ministers of three members from the private sector for a period of five years after nomination by the President of the National Authority for Investment and determine the remuneration in accordance with the rules of procedure.
د – عند.D-at the expiration of the term of office of any member of the National Authority for Investment mentioned in (a, b) of this article, other than in cases of impeachment and resignation by the President of the Council of Ministers Petensephm any hand with the government retaining Pedrjthm career transmitted mentioned in paragraph (a) of this article to retire at the Non - Tinsephma post to tie Drjthma career.

هـ -.E-to the House impeaching President of the National Authority for Investment and Deputy directly or at the request of the Prime Minister's grounds.
و – .- And of the Council of Ministers to dismiss any of the members of the National Authority for the investment of others or replace other in the absence of commitment and regulations Bamaair body.
ز –.G-the board of directors of the National Authority for Investment invitation of the Chairman of The quorum meet and to take the decisions and recommendations by an absolute majority and regulates the functioning of internal issued by the body.
ح – ترتبط.H-linked to the National Authority for Investment Chairman of the Council of Ministers.
ط – .I-determined system of salary and benefits to employees of the Board, upon the proposal of the President of the National Authority for Investment and the decision of the Prime Minister.
لها في .Fourth : The status of the National Authority for Investment in Baghdad and to appoint representatives to the regions and provinces.
.Fifth : the National Authority for the development of investment policy overall national strategy for investment and identify the sectors most important and prepare the road investment projects in Iraq in light of the information obtained from the bodies of investment in the regions and provinces are also lists of investment opportunities in the investment projects and strategic outlook with the federal preliminary information on these projects and provide for those interested in investing.

المادة (5) :Article (5) :
لها .First : the regions and provinces in the territory of irregular formation of the investment in the areas under its control with powers granted leave investment planning and investment and encourage investment and to open branches in areas under its consultation with the National Authority for the investment to ensure that the legal requirements.
افلاسه .Second : the provincial and district bodies of seven members, including at least one president and his deputy with experience and competence for no less ferocious than seven years, possess a university degree and competence of the suit and is not restricted to the felony or misdemeanor dishonest or bankrupt.
فظة ولوائح الهيئةThird : The boards of the province and provinces that have not organized in the territory of the composition of the territory and the preservation and removal of a member of the commitment in the absence of standards and regulations body
يةFourth : coordinate regional and provincial bodies to work with the National Authority for Investment and consult and coordinate with local governments regarding the plans and facilities investment
.Fifth : the bodies of regions and provinces to develop their investment would not conflict with the investment policy of Yugoslavia and prepare lists of investment opportunities in the areas under its control with the preliminary information on these projects and provide for those interested in investing.
.Sixth : linked to the Prime Minister of the province and territory under the control of the territory and linked to the preservation and the Governor under the control of the preservation of Aitaardh including the provisions of this Act.
.Seventh : the board of directors of provincial and district invitation of the Chairman of The quorum meet and to take the decisions and recommendations by an absolute majority and regulates the functioning of internal issued by the body.
المادة (6) :Article (6) :
الهيئة .Adopt the electronic correspondence in addition to routine correspondence between them and the official bodies relating to the work and activity of the body through local networks or the Internet, according controls determined by the body.
المادة (7) :Article (7) :
أ – ت.A body-accept requests leave of investment projects which are less capital than the minimum established by the Council of Ministers, the Minister of the Territory, as the case may be issued under the proposal of the body.
.B-Commission must obtain approval from the Council of Ministers before granting leave if the value of an investment project more than two hundred and fifty million dollars.
ج .C-Body decide on the requests for leave to invest in a term not exceeding five (45) and 40th days of the date of submission of the application.
د – .D - The decisions of the Board relating to investment projects adopting binding for the purposes of this Act.
ال(8) :Article (8) :
للدولة .Of the annual budget independent resources consist of the amounts allocated from the state budget.
المادة (9) :Article (9) :
:Body aims to encourage investment by working to Mayati :
لها .First : to strengthen confidence in the investment environment and identify investment opportunities and encouraging investment and promoting them.
ثانياً.Second : simplifying registration procedures and leave for investment projects and the follow-up of existing projects and the priority given to them in the achievement of the formal completion of the procedures and answer requests for investors and obtain the necessary approvals for the investor and the project.
.Third : the creation of a single window at the National Investment and other provincial and district bench authorized delegates of the ministries and members nominated by provincial and district councils according to the conditions and the relevant authorities will grant leave and obtain approvals from other parties in accordance with the law.
بذلك .Fourth : the provision of advice and information and data to investors and issuing bulletins so.
وتها .Fifth : the development of programs to promote investment in the different regions of Iraq to attract investors and implementation.
.Sixth : facilitate the allocation of land required for setting up and letting projects without determined by the body to coordinate with the relevant authorities.
سابعاً .Seventh : work on the establishment of a safe investment with the consent of the Council of Ministers.
.Eighth : encourage the Iraqi investors through the provision of soft loans and financial facilities for them in coordination with the Ministry of Finance and the use of banking institutions with the requirement that any investor who is a loan, using a number of the unemployed Iraqis commensurate with the size of the loan.
.Ninth : any other tasks related to the nature of work assigned to it by the Council of Ministers.

الفصل الثالثChapter III
المزايا والضماناتAdvantages and guarantees

المادة (10) :Article (10) :
يتمتع.Enjoy investor regardless of the nationality of all the privileges and facilities, guarantees and subject to the obligations contained in this Act and the Iraqi and foreign investor for the purposes of housing projects in return for the right to keep the land between him and the owner of the land without speculative land according to rules set by the National Authority for Investment and with the consent of the Council of Ministers, and facilitate the allocation of land for projects housing ownership and housing units to the Iraqis after the completion of the project.



(11) :Article (11) :
الاتية :Investor enjoy the following benefits :
.First : get capital introduced to Iraq and proceeds according to the provisions of this Act and instructed the Central Bank of Iraq and a convertible currency after payment of all debts and obligations to the Iraqi government and all other quarters.
ثانياً ::ـSecond : the right to the foreign investor :
أ*- التداول .ا*-Iraq circulation in the market for securities and equity securities listed therein.
ب - .B-composition of investment portfolios in stocks and bonds.
Third : the rental of land for the project or for the duration of Almsatha where the investment project based on that not more than fifty (50) years, renewable for approval of the Commission and take into account in determining the term nature of the project and its usefulness to the national economy.
.Fourth : insurance investment project with any insurance company or a foreign national it deems appropriate.
المجاز .Fifth : the opening of accounts in Iraqi currency or foreign or both with one of the banks in Iraq or outside of the project metaphor.
المادة (12) :Article (12) :
يأتي :This legislation guarantees to Mstthmerma following :
.First : the right of the investor to the recruitment and use of non-Iraqi workers in the absence of the possibility of using Iraqi possesses the necessary qualifications and unable to perform the same task, according controls issued by the body.
.Second : granting foreign investors and workers in the investment projects of the non-Iraqis the right to stay in Iraq and to facilitate entry and exit to and from Iraq.
او .Third : Non confiscation or nationalization of an investment project under the provisions of this Act or both part except Maisder sentenced court ruling.
.Fourth : the technical and administrative staff-Iraqis in the project to change their salaries and entitlements out of Iraq in accordance with the law after payment of debts and obligations towards the Iraqi government and all other quarters.
المادة (13) :Article (13) :
اي .Any amendment to this law does not have any retroactive effect prejudice, exemptions and guarantees the rights established thereunder.
الفالرابعChapter IV
ستثمرInvestor obligations

ا (14) :Article (14) :
:Bmayati committed investor :
أولاً :.First : notice of the National Investment Authority or territory or maintain as the case in writing immediately upon completion of the installation and processing assets for the purposes of the project and the date of commencement of business.
ثانياً : ونSecond : accounting fundamentalist exhaustive legal syndicated accountant in Iraq in accordance with the law
.Third : to study the economic and technical feasibility of the project and any information or data or documents requested by the Commission or other competent bodies in the balancing of the project and progress made in done.
لهذه المواد .Fourth : the maintenance of records of materials imported for the project and exempt from customs accordance with the provisions of the law determining the terms of the conduct of these materials.
العراقي .Fifth : preserving the integrity of the environment and our commitment to the quality control systems in place in Iraq and the global regulations adopted in this area and the laws relating to security, health, public order and the values of Iraqi society.
.Sixth : commitment to the Iraqi laws in force in the areas of salary, leave, hours, working conditions and other minimum.
سابعاًالاجازة .Seventh : commitment to the progress of work on the compatibility provided by the investor with the fact that the disparity is not the time more than six months, the National Authority for the investment put penalty clauses in the event the duration of six months and the withdrawal of the holiday.
ثامناً.Eighth : the training of employees of the Iraqis, rehabilitation and increase their efficiency and raise the skills and abilities and priority will be given to the recruitment and use of Iraqi workers.


الفصل الخامسChapter V
الاعفاءاتExemptions

المادة (15) :Article (15) :
أولاً : .First : the current project has to leave the investment of the exemption from taxes and duties for a period of ten (10) years from the date of commencement of commercial operation, according developmental areas specified by the Cabinet proposal of the National Authority for Investment according to the degree of economic development of the region and the nature of an investment project.
ثانياً.Second : the Council of Ministers propose draft laws for the extension of or the granting of exemptions in addition to the exemptions provided for in item (I) of this article or provide incentives or guarantees or other benefits to any project or sector or area, and time and descent as it deems appropriate in accordance with the nature of the activity, its geographical location and the extent of its contribution to the operation labor and advancing economic development, considerations required for the national interest.
% .Third : for the National Investment increase in the number of Sunni exemption from taxes and duties commensurate increase in the proportion of direct relationship with the Iraqi investor participation in the project for up to (15) fifteen years if the proportion of the Iraqi partnership investor in the project more than 50%.

المادة (16) :Article (16) :
اذا.If the transfer of the project during the duration of the exemption granted by the development to the other development project treated for the purposes of the exemption provided for in item (I) of article (15) during the remainder treatment of the development projects transferred to the feel of the National Investment so.


المادة (17) :Article (17) :
كذلك :The project also enjoys rapid leave investment, including the following :
.First : exempt assets imported for the purposes of an investment project of the charges to be made to Iraq during the three (3) years from the date of granting investment.
ثانياً : .Second : exempt assets imported for the expansion project, development or modernization of the charges if it has led to increased design capacity, to be introduced during the three (3) years from the date of notification of the expansion or development, and expansion intended for the purposes of this law, in addition fixed capital assets in order to increase design capacity of the project goods, services or materials by more than (15%) fifteen% of the development is intended for the purposes of this Act replacement machines sophisticated Bmkaen project in whole or in part or to develop the equipment and existing equipment to the project by adding new machinery or equipment or parts thereof in order to raise production efficiency or improve and develop the kind of products and services.
.Third : exempt spare parts imported for the project from charges that do not exceed the value of these pieces (20%) of the 20th% of the value of the purchase of assets, provided that the investor is not acting for purposes other than importing from it.
.Fourth : grant projects of hotels and tourist establishments, hospitals and health institutions, rehabilitation centers and educational and scientific institutions additional exemptions from import duties on furniture, furnishings and supplies for the purposes of modernization and renewal once every four (4) years in the least to be incorporated into Iraq or use in the project in (3) years from the date of issuance of the decision of the approval the lists of the imported and quantity, provided that the Itim used for other purposes were imported.



المادة (18) :Article (18) :
.If it turns out that the project assets exempt all or some of the taxes and fees have been sold, contrary to the provisions of this Act or used in illegal or used for purposes other than the declared For investors pay taxes, fees and fines generated in accordance with the law.

الفصل السادسChapter VI
اجراءات ريعProcedures for granting leave and the establishment of investment projects

المادة (19) :Article (19) :
أولاً.First : The investor gets to leave in addition to winning the rest leave for the purpose of enjoying the privileges and exemptions provided by the body.
:Second : grant the leave or the establishment of the investment project at the request submitted to the investor on concessional terms prepared by the Authority, which includes the request made by the investor on the following matters :

أ .A-fill the application form prepared by the body.
ب – معتمد .B-efficiency of the Asian financial accredited.
ج .C-projects undertaken by the investor in or outside Iraq.
د –اة .D-details of the project to be invested and its economic feasibility.
هـ.E-schedule for the completion of the project.
المادة (20) :Article (20) :
أولاً.First : to leave the issue of incorporation through the creation of a single window in the Territory or irregular maintenance in the territory of authorized delegates from ministries and other relevant relationship and the establishment of the grant leave the project and obtain approvals from other parties in accordance with the law.
ثانياً .Second : to help the investor to obtain leave from the foundation during its approach Alajahat competent and exploring the views of those in the establishment and the issuing leave on the part of those issuing its approval or rejection or a request for the amendment during the (15) fifteen days from the date notified, and the absence of the required response approval of opinion in the case of rejection must be reasoned rejection.
فيه .Third : in the event of disagreement between the decision of the National Investment and the other related to grant leave founding bodies Non-raising controversy to the Prime Minister for a decision.
رابعاً : قرارها باتاً .Fourth : In rejecting the request establishment owner grievance request to the head of the Territory or on demand through conservation (15) fifteen days from the date of informing him of the decision and decide on the chairman of the grievance submitted during the period of seven (7) days and the applicant object to the president's decision to reject the body lodged with the signed by the body during the (15) fifteen days from the date of refusal to appeal is its Bata.




الفصل السابعChapter VII
أحكام عامةGeneral provisions

المادة (21) :Article (21) :
ا ياتي :Composed capital of the project covered by the provisions of this law, which comes :
ن .First : money remitted to Iraq through banks and financial companies, or any other legal way to invest for the purposes of this Act.
ثان:Second : money and the kind of moral supplier to Iraq or purchased from local markets through currency remitted to Iraq, which is :
.A-kind funds to do the project.
ب.B-machines, machines, equipment, buildings and construction, means of transportation, furniture and office supplies for a project.
.C-moral rights, which includes patents, trademarks, know-how and engineering services, administrative and marketing and in its judgment.
ثالثاً : Third : profits, royalties and reserves resulting from the investment of capital in Iraq if the project was to increase the capital of this project, or if invested in a project covered by the provisions of this law. Article (22) : enjoy the benefits of additional foreign investors in accordance with the international agreements between Iraq and their own or international multilateral conventions Iraq had joined them. Article (23) : if shifted ownership of the project during the duration of the exemption granted to the project would continue to enjoy exemptions and facilities and guarantees granted to it until the expiration of that period, the new investor to continue to work on the project in the same jurisdiction or in another jurisdiction after approval by the Commission and replaces former investor rights and obligations under the rulers of this law.
First : the investor, with the consent of the Commission, the sale of assets exempted or waived to another investor beneficiaries of the provisions of this law to be used in legitimate. Second : the investor notice after the sale of assets exempt any person or another project is not covered by the provisions of this Act after payment of duties and taxes due them. Third : the investor approval of the re-export of assets exempted. Article (25) : If merged two or two or more to make the company or the new entity resulting from the merger binding organized separate accounts for each project prior to the merger and the application for the registration of exemptions and facilities provided for in this law during the remaining period of exemption. Article (26) : continue any project approved under the previous laws to take advantage of the exemptions granted to them under the law until the expiration of the exemption and its terms. Article (27) : Disputes arising between the parties subject to the provisions of the law apply Iraqi law unless they agree otherwise without cases subject to the provisions of Iraqi law exclusively or where the jurisdiction of the courts of Iraq. 1. Subject disputes arising from the employment contract exclusively to the provisions of Iraqi law and the jurisdiction of the Iraqi courts, with the exception of non-Group.
If the parties to the dispute and in other non-Iraqi disputes resulting from the crime may disputants agree on the applicable law and a competent court or any other agreement to resolve the dispute themselves. 3. If, as a consequence of a dispute between partners or between the owner of the project and others in the draft is subject to the provisions of this law work stopped for more than three months may withdraw the license and the request to the owners of the project ordered settlement within a period not to exceed three months, and if passed this time without the settlement of the matter between the partners or between the owner of the project and others, the body of legal action to liquidate the project with Azkhtar owner of the project or one of the partners that is the amount of the deposit in a bank liquidation following the fulfillment of the State or any rights of others, after the issuance of a judicial entitlements it. 4. If one of the parties to the dispute subject to the provisions of this law may have contracted at agreeing on a mechanism to resolve the dispute, including recourse to arbitration in accordance with Iraqi law or any other internationally recognized. 5. Disputes arising between the body, or any governmental, between any of the subject to the provisions of the law in other issues relating to violating one of the provisions of this Act, subject to the law and Iraqi courts in civil matters, either in trade disputes of the parties may resort to arbitration that is provided for in the contract regulating the relationship between the parties. Article (28) :
In case of violation of any of the investor provisions contained in this Act These countries warn investors in writing to remove the violation within a specified period, in the case of the failure of the investor to remove the violation within the period prescribed by the investor or the invitation represented a position to give him time and again to settle the issue and if the offense is repeated or not These countries withdraw their leave issued by the investor and to stop work on the project with the state retaining the right to deprive the investor of the exemptions and privileges granted to it from the date of verification offense while retaining the right of others to claim compensation for the damage as a result of this violation, without prejudice to any penalties or other remedies provided by the laws in force. Article (29) : All areas of investment to the provisions of this Act, except as follows : First : investment in the fields of mining and oil and gas production. Second : investment in the banks and insurance companies. Vialamada (30) : Cabinet : First : issuing regulations to facilitate the implementation of the provisions of this Act. Second : issuing internal regulations define the formations and subdivisions and functions and functioning of the body and the powers of the Finance and Personnel and any other things. Article (31) : The Board issued instructions to facilitate the implementation of regulations issued by the Council of Ministers in accordance with the provisions of this Act. Article (32) : The provisions of this draft law on the mixed sector, the private sector and the existing workforce and at the request of the administration and the consent of the body, without retroactive effect. Article (33) : Any text is contrary to the provisions of this Act. Article (34) : cancels a Coalition Provisional Authority (dissolved) No. (39) of 2003. Article (35) : cancel the Arab Investment Law issued by the Revolutionary Command Council dissolved (No. 62) of 2002. Article (36) : the law is implemented from the date of its publication in the Official Gazette. Reasons to push the process of economic development, social development and bring the technical and scientific expertise and human resources development, and create job opportunities for the Iraqis to encourage investments and support the process of establishing investment projects in Iraq and the expansion and development at various levels of economic and granting concessions and exemptions to these projects, initiated this law

http://64.233.179.104/translate_c?hl...d/law/044.html

Originally Posted by rvalreadydang

CBE : IMF does not put pressure on monetary policy بغدادBaghdad
نفى.Mahaft denied the Iraqi Central Bank Sinan Shabibi be tight monetary policy, ولفت.He pointed out that the policy of "Central" aims to achieve price stability, using monetary tools, the lifting of the dinar rate of exchange against foreign currencies, raising interest rates, which would lead to a reasonable indicators of inflation, which has become a threat to the country's economy and development.


صادIn the area of economic reforms, called Shabibi to activate the productive sectors and increase their growth rates, to meet local market demand, provided that it does not result in an imbalance in the economy
جريدة المواطن العراقية

Can anyone interpret the difference between "lifting the dinar rate" and raising/revaluing the dinar rate? Sounds like reval to me. One more step in the right direction.
Marcia

Originally Posted by RfxLady

Can anyone interpret the difference between "lifting the dinar rate" and raising/revaluing the dinar rate? Sounds like reval to me. One more step in the right direction.
Marcia

LOL tomato tomaaato, i think it's all in the way it's said too......it all sounds like rv me

now if only they'd do it already!!

Consistency disclosure of a draft bill of oil and gas, on Iraqi public opinion, with the announcement of the date for the American administration to withdraw its forces from Iraq is doubtful, after news of the leakage of government-Maliki of the law to the parliament for ratification.

قبل يتط!Before the government to disclose the text of this law, the approach taken by some experts and writers, Iraqis and foreigners, discuss some of the dangers and disadvantages of this law, and which will be followed by the unfairness and injustice of the Iraqi people, and future generations, that the law as it was published, but that is approved, or to amend or repeal it remains an 'Iraqi' assembly, controlled by the powers that share the chairs of the Chamber of Deputies, regardless of Antmaathm national racial and religious sectarianism, and the extent of national and credibility of all those deputies, and their commitments and promises they made to their constituents, to achieve security and prosperity for the ordinary Iraqi people , and this Etta! لبن .The heart of the parliament, before discussing the draft law, to approve the formation of a committee of outside the Council, with professional and legal jurisdiction, the cadres have already work in the field of oil and marketing, and experts Iraqi oil company, to study the law. !Civil society organizations, in all specialties and areas of work, bears a great responsibility, to the Iraqi people in all its components, nationalist and religious and sectarian definition of this Law, and to explain and clarify each article and single, and the risks contained approved in its current form, as the most serious law affects not only the lives of the Iraqi people and prosperity only, but security and stability and the unity of its people and homeland throughout the subsequent decades. other intellectuals of the responsibility borne by Iraq and in writing, and all the political elite, law experts and oil and all cadres Ara! قية هذا القانون .Him working in this area, to identify gaps' and bumps' broadcast by the legislators of this law in the various paragraphs and articles, with a view upheld the rights of the people, and handcuffing Iraq and the unjust restrictions and conventions warrant, for foreign companies, looted wealth for many years to come, without a national capacity to extract these rights under this law.

الأسباب ، ع!The reasons for this law as reflected in the introduction : '... actors should be distributed oil ... among the bodies and entities of business and technical (multiple .. e P.) major oil companies, including Iraqi national and (1 .. e. P.) independent business and give the role of the provinces and Almahaftat productive .. ' This means breaking up Iraq and the fragmentation of resources and privatization, giving privileged status and absolute foreign companies without national investment in the exploitation of oil and gas to the areas which are under the administration of provincial and district, and the distribution of wealth on the most important national and sectarian entities fabricated, no one knows yet the composition, and is capable of capitalizing on the wealth and management, including point of modest means in all capacities, and such wealth is not the right national or ethnic group, not even all the Iraqi people only, in its particular situation present, but is also the right of future generations, p! لى مدى.Subsequent to me over the years, is not entitled to the government for distribution, in a weak institutions, Finding itself between the forces of blasphemy and religious sectarian hatred and racial and national Paralyzed act to initiate such a law for looting in the country, is awaiting amendment to the Constitution, agreed between the political powers under Article 142 of the permanent constitution.



إن البلد .That contradicts the provisions of 'reasons', as contained in Article 1 of ownership of oil sources, the first chapter of the basic conditions, which stipulates :' The ownership of oil and gas is all the Iraqi people in all regions and provinces .. ' This means that the oil and gas However, all levels of government, but the Oil Ministry, the Iraqi national oil companies, without owning 'provinces' has not yet been established, except for the Kurdistan region and the provinces is still affiliated with central government over the country's wealth.



د.The draft law proposed to the text of Arab public opinion, the Board of Deputies to uphold the provisions of the laws initiated by the language, and the need to be adhered to by the government, now and in the future, and does not accept any text that another foreigner, although the draft law has neglected this aspect, the very d same. حسين !Hussein Shahrastani, not the same Ya! !This is part of a willful disregard, which will do great damage to the right Iraqi Ashklt that the articles of this law as the implementation of articles of foreign companies, The pre-announcements in English law does not correspond sentences and vocabulary words, with the meaning and refers to the Arabic text, and this is what requires emphasis text in the law, that the Arabic version is reliable when the difference, or if the topic before the committees! العراقية .Arbitration or in the courts, which loves to be Iraqi, and on the ground in Iraq.



.Professor orbiting beautiful in a subject on the 'bill of oil and gas study plastics and compare' published on the electronic alternative to the day of March 18 this year, cited many examples irony of the text in the Arab draft law, than it is in the English version, which requires a thorough review the texts in both languages, and that is why the government, rely on the Arabic text to the exclusion of any other text at the difference in the application of the law and its provisions.



تزامن نشر !The deployment coincided with the announcement servant law set a date for the withdrawal of American forces from Iraq, and this confirms the fact that the drafting of the law was not an Iraqi, but formulated and presented by American oil companies, and the translation of this text was hurried and confused, seemed Rtantha vague and clearly defined, in paragraphs 17 and 18 of Article 4 reflected the confusion evident, and it is difficult for those who have a good knowledge of the Arabic language to be able to understand the definition of Iraqi and foreign, and the meaning shares each, whether Rumors of a 50% or less than 50%, they paragraphs confused and I want to defraud the looting and foreign companies of evading Gawatnen Iraq, in case of ambiguity winner already, in the name and definition of the Iraqi foreign person! .Working with foreign companies, or the Iraqi resident outside Iraq and its partnership with the foreign, and that some of the difference in the translated text, and I do not know how over the differences in the text of the Minister of Oil, nuclear scientist Dr. Hussein Shahrastani, a scholar of the atom in this language, or the urgency in passing law, is a U.S. demand, has not been an opportunity for Mr. Minister of reading and scrutinizing the words and texts imbalances and Mfarqatha the Arabic text, which guarantee the interests of foreign companies, and signed worse wealthy Iraqi side, it is difficult to modify or lift this injustice.



ب!Negative remarks on the draft of this law too many in the various sections, materials, and must not pass this law from the parliament, without checking in every article and letter, to ensure the interests of the people first and foremost, and that the national political forces of democracy and declare that the view the clear and explicit, without truce, it is fateful and dangerous, at the contents of this law, and pass before the return of security and serenity among the Iraqis, not the least a betrayal of the national interests of the Iraqi Port Somsavat Treaty in 1948 which money supervising the Iraqi people in blood, whether Iraqis in the Council parliament, or in the civil society organizations working in Iraq, as all intellectuals and writers, who directs them Iraq, stable, united, and people happy and Mervha, not only to them Isarhua people b! ما ' .What made by the government of sectarian quotas, the struggle against the issuance of this law Bertanth 'Alchehrestaneh' vague and incomprehensible.



ما ب!What raises doubts about the impartiality of referees Iraqis involved in the draft legislation, as written by the American newspaper The New York Times in its last Wednesday, saying : 'The new oil law includes a guarantee for foreign oil companies similar treatment of Iraqi companies, whether public or private ..' As' .. should not for the United States to compel Iraq to open oil crops to foreign companies as a condition for ending the occupation, and the insistence of the United States to enact a new law for oil has nothing to do with the interests of the Iraqi people .. ' Is there a more experienced b..E this newspaper America, by the way, is not a newspaper or a Marxist left-wing party and was not opposed to the Iraqi government or to the minister, who has been wronged people, and trying to divide the nation through enactment of this law, but felt the proliferation of these rulers, Iraqis looted public funds and stolen, it is no longer more likely looted , by the American companies collaborating with the owners of the Iraqi decision ..

20 آذار 2007March 20, 2007
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Originally Posted by rvalreadydang

I think this is it? not sure though.....but the site lists all the laws so far

الارInvestment Law لChapter I
التعاريفDefinitions



المادة (1) غير ذلك .Article (1) : The following terms wherever it appears in this Act meanings corresponding below unless the evidence shows otherwise.

أ .A. .Council : Council of Ministers.

ب .B. .The National Authority for Investment : is the body established under the law is responsible for the development of national policies for investment and the development of controls and monitoring the implementation of controls and regulations in the field of investment and specific investment projects strategic outlook of the federal nature exclusively.
ج .C. .The Territory : Investment Authority in the province is responsible for planning program and the granting of leave to invest in the province.
د .D. .Authority : preserving the investment in the province in the territory of irregular responsible for the planning and investment granting leave investment in the province.
هـ .E. الة.Body : National Authority for Investment Authority or maintain as the case may be.
و .And. ر .Chairman of the Board : Chairman of the National Authority for Investment.
ز .G. القانون .Project : Economic activity covered by the provisions of this law.
ح .H. والكليات.Assets : machinery, appliances and equipment and machinery, supplies and the number and modes of transport, supplies and office furniture for use exclusively in the project, furniture, furnishings and supplies hotels and tourist cities, hospitals, schools and colleges.
ط .I. .The foreign investor is : who is not a citizen of Iraq in the case of a person real and recorded in a foreign country if the people, legally or morally.
ي .J. الممعنوياً او حقوقياً .Iraqi investor is : who carries Iraqi nationality in the case of a real and recorded in Iraq if the people, legally or morally.
ك .K. النافذة .Taxes and fees : all kinds of fees and taxes imposed by the laws in force.
ل .Told. للم .Design : energy production capacity is designed as a unit of time (hour, day ... Etc.), as evidenced by the documents received from the processor with the machines and the economic feasibility of the project.
م .M. .Portfolio investment : a series of investments in stocks and bonds.
ن .N.. الا .Investment : is the recruitment of money in any activity or project economic legitimate beneficial to the country.




الاهداف والوسائلEnds and means

:Article (2) The purpose of this Act is to Mayati :

.First : the promotion of investment and the transfer of modern technologies to contribute to the development of Iraq and development and to expand its productive base and service and diversification.
والاجنبية .Second : to encourage the Iraqi private sector and foreign investment in Iraq through the provision of necessary facilities for the establishment of investment projects and to promote the competitiveness of enterprises covered by the provisions of this law in the domestic and foreign markets.
للعراقيينThird : the development of human resources according to market requirements and providing job opportunities for Iraqis
تثمرين .Fourth : the protection of the rights and property investors.
.Fifth : the expansion of exports and strengthening the balance of payments and trade balance for Iraq.

تعتمد القانون :Article (3) adopt the following means to achieve the objectives of this law :

اولاً .First : project grants covered by the provisions of this law privileges and guarantees necessary for the maintenance and development through the provision of support, including believes enhance the competitive edge of those enterprises in the domestic and foreign markets.

.Second : project grants leave the winner of investment from the additional facilities and exemptions from taxes and duties, according to the contents of this law.






الفصل الثانيChapter II
الهيئة الوطنية للاستثمارThe National Authority for Investment
وهيئات الاستثمار في الاقاليم والمحافظاتThe bodies of investment in the regions and governorates

المادة (4) :Article (4) :
اولاً : .First : Under this law, a body called the (National Authority for Investment) have personality and moral authority or the Chief of empowered and be responsible for the development of national policies for investment and development plans, regulations, controls and control the application of these controls and regulations in the field of investment and specific investment projects of strategic nature of the federal exclusively.
ثانياً : Second : manages the National Authority for the investment board is composed of nine members with expertise and jurisdiction for a period of no less ferocious than ten years and possess a university degree and competence of the suit and is not restricted to the felony or misdemeanor dishonest or bankrupt.
.Third : A-nominate the Council of Ministers request of the President of the President of the rank of minister and the vice-president and a deputy minister for a period of five years and presented to the House of Representatives for approval.
ب – .B-appointed head of the Council of Ministers of the four members for a period of five years, a general manager.
ج .C-selected by the President of the Council of Ministers of three members from the private sector for a period of five years after nomination by the President of the National Authority for Investment and determine the remuneration in accordance with the rules of procedure.
د – عند.D-at the expiration of the term of office of any member of the National Authority for Investment mentioned in (a, b) of this article, other than in cases of impeachment and resignation by the President of the Council of Ministers Petensephm any hand with the government retaining Pedrjthm career transmitted mentioned in paragraph (a) of this article to retire at the Non - Tinsephma post to tie Drjthma career.

هـ -.E-to the House impeaching President of the National Authority for Investment and Deputy directly or at the request of the Prime Minister's grounds.
و – .- And of the Council of Ministers to dismiss any of the members of the National Authority for the investment of others or replace other in the absence of commitment and regulations Bamaair body.
ز –.G-the board of directors of the National Authority for Investment invitation of the Chairman of The quorum meet and to take the decisions and recommendations by an absolute majority and regulates the functioning of internal issued by the body.
ح – ترتبط.H-linked to the National Authority for Investment Chairman of the Council of Ministers.
ط – .I-determined system of salary and benefits to employees of the Board, upon the proposal of the President of the National Authority for Investment and the decision of the Prime Minister.
لها في .Fourth : The status of the National Authority for Investment in Baghdad and to appoint representatives to the regions and provinces.
.Fifth : the National Authority for the development of investment policy overall national strategy for investment and identify the sectors most important and prepare the road investment projects in Iraq in light of the information obtained from the bodies of investment in the regions and provinces are also lists of investment opportunities in the investment projects and strategic outlook with the federal preliminary information on these projects and provide for those interested in investing.

المادة (5) :Article (5) :
لها .First : the regions and provinces in the territory of irregular formation of the investment in the areas under its control with powers granted leave investment planning and investment and encourage investment and to open branches in areas under its consultation with the National Authority for the investment to ensure that the legal requirements.
افلاسه .Second : the provincial and district bodies of seven members, including at least one president and his deputy with experience and competence for no less ferocious than seven years, possess a university degree and competence of the suit and is not restricted to the felony or misdemeanor dishonest or bankrupt.
فظة ولوائح الهيئةThird : The boards of the province and provinces that have not organized in the territory of the composition of the territory and the preservation and removal of a member of the commitment in the absence of standards and regulations body
يةFourth : coordinate regional and provincial bodies to work with the National Authority for Investment and consult and coordinate with local governments regarding the plans and facilities investment
.Fifth : the bodies of regions and provinces to develop their investment would not conflict with the investment policy of Yugoslavia and prepare lists of investment opportunities in the areas under its control with the preliminary information on these projects and provide for those interested in investing.
.Sixth : linked to the Prime Minister of the province and territory under the control of the territory and linked to the preservation and the Governor under the control of the preservation of Aitaardh including the provisions of this Act.
.Seventh : the board of directors of provincial and district invitation of the Chairman of The quorum meet and to take the decisions and recommendations by an absolute majority and regulates the functioning of internal issued by the body.
المادة (6) :Article (6) :
الهيئة .Adopt the electronic correspondence in addition to routine correspondence between them and the official bodies relating to the work and activity of the body through local networks or the Internet, according controls determined by the body.
المادة (7) :Article (7) :
أ – ت.A body-accept requests leave of investment projects which are less capital than the minimum established by the Council of Ministers, the Minister of the Territory, as the case may be issued under the proposal of the body.
.B-Commission must obtain approval from the Council of Ministers before granting leave if the value of an investment project more than two hundred and fifty million dollars.
ج .C-Body decide on the requests for leave to invest in a term not exceeding five (45) and 40th days of the date of submission of the application.
د – .D - The decisions of the Board relating to investment projects adopting binding for the purposes of this Act.
ال(8) :Article (8) :
للدولة .Of the annual budget independent resources consist of the amounts allocated from the state budget.
المادة (9) :Article (9) :
:Body aims to encourage investment by working to Mayati :
لها .First : to strengthen confidence in the investment environment and identify investment opportunities and encouraging investment and promoting them.
ثانياً.Second : simplifying registration procedures and leave for investment projects and the follow-up of existing projects and the priority given to them in the achievement of the formal completion of the procedures and answer requests for investors and obtain the necessary approvals for the investor and the project.
.Third : the creation of a single window at the National Investment and other provincial and district bench authorized delegates of the ministries and members nominated by provincial and district councils according to the conditions and the relevant authorities will grant leave and obtain approvals from other parties in accordance with the law.
بذلك .Fourth : the provision of advice and information and data to investors and issuing bulletins so.
وتها .Fifth : the development of programs to promote investment in the different regions of Iraq to attract investors and implementation.
.Sixth : facilitate the allocation of land required for setting up and letting projects without determined by the body to coordinate with the relevant authorities.
سابعاً .Seventh : work on the establishment of a safe investment with the consent of the Council of Ministers.
.Eighth : encourage the Iraqi investors through the provision of soft loans and financial facilities for them in coordination with the Ministry of Finance and the use of banking institutions with the requirement that any investor who is a loan, using a number of the unemployed Iraqis commensurate with the size of the loan.
.Ninth : any other tasks related to the nature of work assigned to it by the Council of Ministers.

الفصل الثالثChapter III
المزايا والضماناتAdvantages and guarantees

المادة (10) :Article (10) :
يتمتع.Enjoy investor regardless of the nationality of all the privileges and facilities, guarantees and subject to the obligations contained in this Act and the Iraqi and foreign investor for the purposes of housing projects in return for the right to keep the land between him and the owner of the land without speculative land according to rules set by the National Authority for Investment and with the consent of the Council of Ministers, and facilitate the allocation of land for projects housing ownership and housing units to the Iraqis after the completion of the project.



(11) :Article (11) :
الاتية :Investor enjoy the following benefits :
.First : get capital introduced to Iraq and proceeds according to the provisions of this Act and instructed the Central Bank of Iraq and a convertible currency after payment of all debts and obligations to the Iraqi government and all other quarters.
ثانياً ::ـSecond : the right to the foreign investor :
أ*- التداول .ا*-Iraq circulation in the market for securities and equity securities listed therein.
ب - .B-composition of investment portfolios in stocks and bonds.
Third : the rental of land for the project or for the duration of Almsatha where the investment project based on that not more than fifty (50) years, renewable for approval of the Commission and take into account in determining the term nature of the project and its usefulness to the national economy.
.Fourth : insurance investment project with any insurance company or a foreign national it deems appropriate.
المجاز .Fifth : the opening of accounts in Iraqi currency or foreign or both with one of the banks in Iraq or outside of the project metaphor.
المادة (12) :Article (12) :
يأتي :This legislation guarantees to Mstthmerma following :
.First : the right of the investor to the recruitment and use of non-Iraqi workers in the absence of the possibility of using Iraqi possesses the necessary qualifications and unable to perform the same task, according controls issued by the body.
.Second : granting foreign investors and workers in the investment projects of the non-Iraqis the right to stay in Iraq and to facilitate entry and exit to and from Iraq.
او .Third : Non confiscation or nationalization of an investment project under the provisions of this Act or both part except Maisder sentenced court ruling.
.Fourth : the technical and administrative staff-Iraqis in the project to change their salaries and entitlements out of Iraq in accordance with the law after payment of debts and obligations towards the Iraqi government and all other quarters.
المادة (13) :Article (13) :
اي .Any amendment to this law does not have any retroactive effect prejudice, exemptions and guarantees the rights established thereunder.
الفالرابعChapter IV
ستثمرInvestor obligations

ا (14) :Article (14) :
:Bmayati committed investor :
أولاً :.First : notice of the National Investment Authority or territory or maintain as the case in writing immediately upon completion of the installation and processing assets for the purposes of the project and the date of commencement of business.
ثانياً : ونSecond : accounting fundamentalist exhaustive legal syndicated accountant in Iraq in accordance with the law
.Third : to study the economic and technical feasibility of the project and any information or data or documents requested by the Commission or other competent bodies in the balancing of the project and progress made in done.
لهذه المواد .Fourth : the maintenance of records of materials imported for the project and exempt from customs accordance with the provisions of the law determining the terms of the conduct of these materials.
العراقي .Fifth : preserving the integrity of the environment and our commitment to the quality control systems in place in Iraq and the global regulations adopted in this area and the laws relating to security, health, public order and the values of Iraqi society.
.Sixth : commitment to the Iraqi laws in force in the areas of salary, leave, hours, working conditions and other minimum.
سابعاًالاجازة .Seventh : commitment to the progress of work on the compatibility provided by the investor with the fact that the disparity is not the time more than six months, the National Authority for the investment put penalty clauses in the event the duration of six months and the withdrawal of the holiday.
ثامناً.Eighth : the training of employees of the Iraqis, rehabilitation and increase their efficiency and raise the skills and abilities and priority will be given to the recruitment and use of Iraqi workers.


الفصل الخامسChapter V
الاعفاءاتExemptions

المادة (15) :Article (15) :
أولاً : .First : the current project has to leave the investment of the exemption from taxes and duties for a period of ten (10) years from the date of commencement of commercial operation, according developmental areas specified by the Cabinet proposal of the National Authority for Investment according to the degree of economic development of the region and the nature of an investment project.
ثانياً.Second : the Council of Ministers propose draft laws for the extension of or the granting of exemptions in addition to the exemptions provided for in item (I) of this article or provide incentives or guarantees or other benefits to any project or sector or area, and time and descent as it deems appropriate in accordance with the nature of the activity, its geographical location and the extent of its contribution to the operation labor and advancing economic development, considerations required for the national interest.
% .Third : for the National Investment increase in the number of Sunni exemption from taxes and duties commensurate increase in the proportion of direct relationship with the Iraqi investor participation in the project for up to (15) fifteen years if the proportion of the Iraqi partnership investor in the project more than 50%.

المادة (16) :Article (16) :
اذا.If the transfer of the project during the duration of the exemption granted by the development to the other development project treated for the purposes of the exemption provided for in item (I) of article (15) during the remainder treatment of the development projects transferred to the feel of the National Investment so.


المادة (17) :Article (17) :
كذلك :The project also enjoys rapid leave investment, including the following :
.First : exempt assets imported for the purposes of an investment project of the charges to be made to Iraq during the three (3) years from the date of granting investment.
ثانياً : .Second : exempt assets imported for the expansion project, development or modernization of the charges if it has led to increased design capacity, to be introduced during the three (3) years from the date of notification of the expansion or development, and expansion intended for the purposes of this law, in addition fixed capital assets in order to increase design capacity of the project goods, services or materials by more than (15%) fifteen% of the development is intended for the purposes of this Act replacement machines sophisticated Bmkaen project in whole or in part or to develop the equipment and existing equipment to the project by adding new machinery or equipment or parts thereof in order to raise production efficiency or improve and develop the kind of products and services.
.Third : exempt spare parts imported for the project from charges that do not exceed the value of these pieces (20%) of the 20th% of the value of the purchase of assets, provided that the investor is not acting for purposes other than importing from it.
.Fourth : grant projects of hotels and tourist establishments, hospitals and health institutions, rehabilitation centers and educational and scientific institutions additional exemptions from import duties on furniture, furnishings and supplies for the purposes of modernization and renewal once every four (4) years in the least to be incorporated into Iraq or use in the project in (3) years from the date of issuance of the decision of the approval the lists of the imported and quantity, provided that the Itim used for other purposes were imported.



المادة (18) :Article (18) :
.If it turns out that the project assets exempt all or some of the taxes and fees have been sold, contrary to the provisions of this Act or used in illegal or used for purposes other than the declared For investors pay taxes, fees and fines generated in accordance with the law.

الفصل السادسChapter VI
اجراءات ريعProcedures for granting leave and the establishment of investment projects

المادة (19) :Article (19) :
أولاً.First : The investor gets to leave in addition to winning the rest leave for the purpose of enjoying the privileges and exemptions provided by the body.
:Second : grant the leave or the establishment of the investment project at the request submitted to the investor on concessional terms prepared by the Authority, which includes the request made by the investor on the following matters :

أ .A-fill the application form prepared by the body.
ب – معتمد .B-efficiency of the Asian financial accredited.
ج .C-projects undertaken by the investor in or outside Iraq.
د –اة .D-details of the project to be invested and its economic feasibility.
هـ.E-schedule for the completion of the project.
المادة (20) :Article (20) :
أولاً.First : to leave the issue of incorporation through the creation of a single window in the Territory or irregular maintenance in the territory of authorized delegates from ministries and other relevant relationship and the establishment of the grant leave the project and obtain approvals from other parties in accordance with the law.
ثانياً .Second : to help the investor to obtain leave from the foundation during its approach Alajahat competent and exploring the views of those in the establishment and the issuing leave on the part of those issuing its approval or rejection or a request for the amendment during the (15) fifteen days from the date notified, and the absence of the required response approval of opinion in the case of rejection must be reasoned rejection.
فيه .Third : in the event of disagreement between the decision of the National Investment and the other related to grant leave founding bodies Non-raising controversy to the Prime Minister for a decision.
رابعاً : قرارها باتاً .Fourth : In rejecting the request establishment owner grievance request to the head of the Territory or on demand through conservation (15) fifteen days from the date of informing him of the decision and decide on the chairman of the grievance submitted during the period of seven (7) days and the applicant object to the president's decision to reject the body lodged with the signed by the body during the (15) fifteen days from the date of refusal to appeal is its Bata.




الفصل السابعChapter VII
أحكام عامةGeneral provisions

المادة (21) :Article (21) :
ا ياتي :Composed capital of the project covered by the provisions of this law, which comes :
ن .First : money remitted to Iraq through banks and financial companies, or any other legal way to invest for the purposes of this Act.
ثان:Second : money and the kind of moral supplier to Iraq or purchased from local markets through currency remitted to Iraq, which is :
.A-kind funds to do the project.
ب.B-machines, machines, equipment, buildings and construction, means of transportation, furniture and office supplies for a project.
.C-moral rights, which includes patents, trademarks, know-how and engineering services, administrative and marketing and in its judgment.
ثالثاً : Third : profits, royalties and reserves resulting from the investment of capital in Iraq if the project was to increase the capital of this project, or if invested in a project covered by the provisions of this law. Article (22) : enjoy the benefits of additional foreign investors in accordance with the international agreements between Iraq and their own or international multilateral conventions Iraq had joined them. Article (23) : if shifted ownership of the project during the duration of the exemption granted to the project would continue to enjoy exemptions and facilities and guarantees granted to it until the expiration of that period, the new investor to continue to work on the project in the same jurisdiction or in another jurisdiction after approval by the Commission and replaces former investor rights and obligations under the rulers of this law.
First : the investor, with the consent of the Commission, the sale of assets exempted or waived to another investor beneficiaries of the provisions of this law to be used in legitimate. Second : the investor notice after the sale of assets exempt any person or another project is not covered by the provisions of this Act after payment of duties and taxes due them. Third : the investor approval of the re-export of assets exempted. Article (25) : If merged two or two or more to make the company or the new entity resulting from the merger binding organized separate accounts for each project prior to the merger and the application for the registration of exemptions and facilities provided for in this law during the remaining period of exemption. Article (26) : continue any project approved under the previous laws to take advantage of the exemptions granted to them under the law until the expiration of the exemption and its terms. Article (27) : Disputes arising between the parties subject to the provisions of the law apply Iraqi law unless they agree otherwise without cases subject to the provisions of Iraqi law exclusively or where the jurisdiction of the courts of Iraq. 1. Subject disputes arising from the employment contract exclusively to the provisions of Iraqi law and the jurisdiction of the Iraqi courts, with the exception of non-Group.
If the parties to the dispute and in other non-Iraqi disputes resulting from the crime may disputants agree on the applicable law and a competent court or any other agreement to resolve the dispute themselves. 3. If, as a consequence of a dispute between partners or between the owner of the project and others in the draft is subject to the provisions of this law work stopped for more than three months may withdraw the license and the request to the owners of the project ordered settlement within a period not to exceed three months, and if passed this time without the settlement of the matter between the partners or between the owner of the project and others, the body of legal action to liquidate the project with Azkhtar owner of the project or one of the partners that is the amount of the deposit in a bank liquidation following the fulfillment of the State or any rights of others, after the issuance of a judicial entitlements it. 4. If one of the parties to the dispute subject to the provisions of this law may have contracted at agreeing on a mechanism to resolve the dispute, including recourse to arbitration in accordance with Iraqi law or any other internationally recognized. 5. Disputes arising between the body, or any governmental, between any of the subject to the provisions of the law in other issues relating to violating one of the provisions of this Act, subject to the law and Iraqi courts in civil matters, either in trade disputes of the parties may resort to arbitration that is provided for in the contract regulating the relationship between the parties. Article (28) :
In case of violation of any of the investor provisions contained in this Act These countries warn investors in writing to remove the violation within a specified period, in the case of the failure of the investor to remove the violation within the period prescribed by the investor or the invitation represented a position to give him time and again to settle the issue and if the offense is repeated or not These countries withdraw their leave issued by the investor and to stop work on the project with the state retaining the right to deprive the investor of the exemptions and privileges granted to it from the date of verification offense while retaining the right of others to claim compensation for the damage as a result of this violation, without prejudice to any penalties or other remedies provided by the laws in force. Article (29) : All areas of investment to the provisions of this Act, except as follows : First : investment in the fields of mining and oil and gas production. Second : investment in the banks and insurance companies. Vialamada (30) : Cabinet : First : issuing regulations to facilitate the implementation of the provisions of this Act. Second : issuing internal regulations define the formations and subdivisions and functions and functioning of the body and the powers of the Finance and Personnel and any other things. Article (31) : The Board issued instructions to facilitate the implementation of regulations issued by the Council of Ministers in accordance with the provisions of this Act. Article (32) : The provisions of this draft law on the mixed sector, the private sector and the existing workforce and at the request of the administration and the consent of the body, without retroactive effect. Article (33) : Any text is contrary to the provisions of this Act. Article (34) : cancels a Coalition Provisional Authority (dissolved) No. (39) of 2003. Article (35) : cancel the Arab Investment Law issued by the Revolutionary Command Council dissolved (No. 62) of 2002. Article (36) : the law is implemented from the date of its publication in the Official Gazette. Reasons to push the process of economic development, social development and bring the technical and scientific expertise and human resources development, and create job opportunities for the Iraqis to encourage investments and support the process of establishing investment projects in Iraq and the expansion and development at various levels of economic and granting concessions and exemptions to these projects, initiated this law

http://64.233.179.104/translate_c?hl...d/law/044.html

The First paragraph in article 11 states that the Central Bank of Iraq has to offer the foreign investor a convertible currency after paying all taxes and such. So if this is law now, then the currency has to be fully exchangeable. We are close.

Originally Posted by eric69

The First paragraph in article 11 states that the Central Bank of Iraq has to offer the foreign investor a convertible currency after paying all taxes and such. So if this is law now, then the currency has to be fully exchangeable. We are close.

Well - convertible currency = A currency for which there are no barriers or restrictions in the foreign exchange market.

Iraq Currency Exchange
The US gov says it is convertible. But obviously there are barriers if you can't get in most banks around the world...

IraqSide:Media
Daily Column
Iraqi Papers Tues: A New Political Pact?
Out With "De-Ba'thification", Enter "Accountability and Justice"
By AMER MOHSEN Posted 0 hr. 54 min. ago
Az-Zaman
Az-Zaman
Many of the intellectuals and policymakers who supported the invasion of Iraq and theorized for the war have been backtracking in terms of their expectations of the new “democratic polity,” which the war, in their minds, was designed to create.

Notably, the war's supporters (on the American and Iraqi sides) seem to have abandoned the idea that Iraq will follow the “German” or “Japanese” models, whereby an invasion by a “benevolent” democratic force will lead to the creation of a healthy and prosperous democracy, almost in an organic fashion, once the shackles of authoritarianism are removed.

One of the main tenants of post-war “reconstruction” that were lifted directly from the post-WW2 experience was the policy of “de-Ba'thification” in Iraq, modeled (at least rhetorically) after the de-Nazification laws in Germany. De-Ba'thification was aimed at removing the figures of the dictatorship from the decision-making centers, but also at uprooting the “culture” of authoritarianism in Iraq, which would open the gates of democratic participation, liberal party politics, and civic culture; not unlike the case of Germany (in fact, several historians cast doubts on the extent of de-Nazification in Western Germany following the Second World War.)

Today, Az-Zaman reported on its front page that the Iraqi President, Jalal Talabani, and the Prime Minister, Nuri al-Maliki, made a joint statement announcing a radical review of the de-Ba'thification law and its replacement with a new law called “Accountability and Justice.” Al-Mada reported the same news, also on its front page, but without confirming the new proposed law.

What is more notable is that, according to Az-Zaman, “Accountability and Justice” was the fruit of labor of the departing American ambassador, Zalamay Khalilzad, who “participated in intense meetings with Iraqi politicians and political parties, paving the ground for the promulgation of the “Accountability and Justice” law.”

De-Ba'thification was one of the first policies to be applied, forcefully, by the invading Americans. Even the dismantling of Saddam’s army was, at the time, seen under the light of de-Ba'thifying Iraq.

The reversal of the law (in addition to several major changes that are expected to come soon) may be a result of the deep instability and opposition to the American-sponsored “political process” in Iraq, which necessitates a new “political contract” with many sections of the Iraqi society. But it may also indicate a realization, on the part of the US administration, that the anti-Ba'thist forces that came to rule in Iraq are not exactly Jeffersonian democrats, but sectarian and religious parties that do not provide a platform for liberal politics, the way war-planners had envisioned and hoped.

Establishing a new political pact, even with the old-Ba'this, may therefore be part of a process whereby the US upholds some form of a quasi-stable state in Iraq, allowing the bulk of its army “an honorable exit” from the costly war, in the words of Fouad Ajami, one of the war’s staunchest supporters.

The timing of the new law could not have been more opportune for the Iraqi government, as the Iraqi delegation heads to Riyadh to join the Arab summit that is to be held there this week. Arab diplomats have been exerting pressure on al-Maliki to effectuate amendments to the Iraqi political system, including a review of de-Ba'thification, which is seen by Sunni Arab states as a tool for the exclusion of Sunnis from participation in the political system and the bureaucracy.

In fact, Az-Zaman claimed that the timing of the announcement may be “an attempt to appease Arab fears in the Riyadh summit vis-à-vis the faltering situation in Iraq.” Az-Zaman admitted, however, that the law has been in the works for some time.

Az-Zaman is still promoting the Arab summit as an event that could “pressure” the Iraqi government into amending some of the problematic articles of the constitution, and open a wider scope for Sunni participation in the governance of Iraq. Az-Zaman quoted several (mostly Sunni) Iraqi politicians who called on al-Maliki to use the summit as an occasion to “correct past mistakes.” Az-Zaman also took the adoption of the draft Iraq resolution (published in al-Hayat yesterday) as a sign of Arab determination to “rectify” the political process in Iraq.

Az-Zaman may very well be exaggerating the effect and influence of the Arab League summits: the Arab League is known for having little or no mechanisms for the enforcement of the resolutions it adopts against member states; and many Arab countries (especially rich oil exporters) are notorious for not fulfilling financial obligations that they pledge during Arab summits.

Two very sensitive dossiers will be discussed in Riyadh tomorrow: Palestine and Iraq; tomorrow’s deliberations might indicate whether the summit will be a turning point in Middle East politics, as its proponents claim; or another in a series of several summits (at least since 1991) that have failed to produce tangible effects.

IraqSlogger: Iraqi Papers Tues: A New Political Pact?

An Iraqi opinion...

I would like to ask the sad bride named Iraq the following:
Life began with you, does it mean it should end with you?
You've survived wars, dicatorships and now your're fighting thieves,terrorists and invaders. How are you managing to survive, how are you managing to keep the people together? Why are the Iraqis walking on your terriroty while knowing they half 50% chance of dying. Why some Iraqis say wish they can come back to you, why do some Iraqis say they cannot leave you? Is it because of your strengh of survival, your hard ground and your weather? I cannot say your weird but i can say your one of a kind...........


Guys and girls, we are debating issues which are always going in circle. I deal with people who want to bring business from the mid-east to Canada and I learned lots of stuff that made me think about Iraq..Iraq is a really rich country, but the people are not tasting the money. You blame people from Falluja and Ramadi or from Najaf that they are killing eachother, but have your ever realised that most of them are poor people? Why cant we have a government that will feed Iraqis of at least 80% of what the people deserve? If someone can give out the real amount of money each Iraqi should have, then we shouldnt have all these problems. People wake up and realise, all your debates lead to no where . There is one thing you need to know, Iraq is full of money and people are stealing from it while no one is doing anything. I wish I can go there with people and wake up society but for now its scary.......Feed the Iraqis , feed the poor people and they will praise you forever......

Thank you
Samer

Take a moment and forget your an Iraqi........Ask yourself why? - aliraqi Community

Announcement No.(891)

D.G. of Foreign Exchange Control

The 891 daily currency auction was held in the Central Bank of Iraq day Tuesday 2007/ 3/ 27 so the results were as follows :

Details Notes
Number of banks 13 -----
Auction price selling dinar / US $ 1274 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 60.195.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 60.195.000 -----
Total offers for selling (US $) ----- -----

Another Ton in today . . . and a bit of a drop in the rate . . . Hmmm . . .

Best to all . . . RR . . .