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

Governor of the Central Bank denies IMF intervention in the formulation of monetary policy

27/03/2007م - 6427 / 03 / 2007-10:17 shall times reading : 64

Mahaft denied the Iraqi Central Bank Sinan Shabibi be tight monetary policy, pursued by <Central>, as a result of pressure by the Fund

IMF, pointing out that the policy falls within the framework of the central monetary reforms currently taking place in Iraq.

He explained that the policy of the Central Shabibi adopted as a result of the hard conditions experienced by the Iraqi economy, and the hyper-inflation causes substantial damage to the economy, the monetary impact on the value of the contracts, withdraw negatively on the estimates relating to the budget. He pointed out that the policy <Central> aimed at achieving 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.

Linking Shabibi success of this policy stability extent to which the consumer price through liquidity management.

He praised the state balancing of the current year, in terms of allocation and disbursement and the dimensions of development and investment, warned at the same time of economic imbalances that accompany a spending budget.

Shabibi called to the need for a mechanism to monitor the implementation of the budget, in particular the investment side of it, pointing out the need for the ministries financial ceiling allotted in the budget. In 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.

Translated version of http://www.alforattv.net/index.php?show=news&action=article&id=1965

4 companies puts into effect water project

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Baghdad, 26 March 2007 (Al-Sabaah)

Muthana water directorate has delivered al-Samawa & Khuther water clearing which financed by international bank, to four companies.

Director of Muthana water directorate said that a project of water clearing with capacity of 1500 cubic meter per hour, has been delivered to three national companies and a Turkish one to start putting into effect this project which aims to solve water lack problem in Samawa and Khuther cities until finishing major Samawa project which is waiting the Japanese loan.

Gas Station Capacity of 60 Megawatt in Hilla

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Hilla, 26 March 2007 (Al-Sabaah)

Electric department distribution of middle Euphrates would soon start establishing of gas electric station in Hilla city with a capacity of 60 megawatt, while electric department in Sadda sub district started a big campaign of rehabilitating high pressure electric nets in the mentioned sub district.

A source at middle Euphrates electric department said that, establishing of the mentioned station come through expanding of gas electric old station plan which currently working of it to raise the production up to more than 100 megawatt to add an additional quantity of the energy supplying the national net.

On the other hand, he added that they carried out nearly of %70 of the net in al-Ameer, al-Zahra'a and al-Nasirya districts besides rehabilitating of the emergency supplement lines of water projects, emphasizing that the rehabilitating works helped in improving the net within %80 in the sub district.

Translated version of http://www.almowaten.com/economy.html

Taxes imposed 40% of the profits of banking offices

بغداد/ المواطنBaghdad / citizen
The General Authority for taxes with a 40% of the net profits of foreign currency banking offices in Iraq Katehasp tax controls in profits this year. A source in the body Monday : "The body set percentage of the net obtained from the commission to mediate in the sale and purchase of securities within controls guess profits for 2007." Showing : " those profits are enhanced accounts and the blessing of the office of the Baghdad stock exchange." He added : "The purpose of the controls is to reach a real profits 10-36 and complete the qualification and experience of the shortcomings of some Almkhmenin and reduce disparities in judgment." He pointed out : "The Authority sought to establish a general rule for estimating the law in order to contribute to the achievement of justice

Donor countries demonstrated their desire to open an office in Baghdad

27/03/2007م - 1827 / 03 / 2007-10:32 shall times reading : 18

States were participating in the fifth meeting of the donors willing to open an office in Baghdad in support of the United Nations and the International Monetary Fund demand an increase in funds allocated to support Iraq.
The final statement of the meeting, which concluded last week in Istanbul that the head of Iraq and Italy donor committee for a period of one year where the Commission through interviews periodic discussion of the support provided by the Governments of Japan and Canada during the current period.
The statement added that the requests from the United Nations and the International Monetary Fund urged donor countries to increase their support for Iraq.
The statement stressed that he must fund for the reconstruction of Iraq and the continued expansion of receiving support from various levels as well as benefit from the achievements and successes with a focus on future efforts to help the Iraqi government to benefit from the wealth and funding for Iraq is to improve the standard of services.
Iraq had participated in the fifth meeting of the donor committee delegation led by Minister of Planning and Development Cooperation on Ghalib Baban, as well as the participation of the ministers of water resources, electricity, the representative of the State of the Prime Minister

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Trade Minister expect an urgent solution to the debt issue of Saudi Arabia on Iraq

27/03/2007م - 2427 / 03 / 2007-16:02 shall times reading : 24


The Trade Minister Abdel farmer Sudanese hoped to find a final solution to the debt question Saudi Altertbh on Iraq during the Arab summit to be held tomorrow, Wednesday.
Sudanese and during his meeting with the Minister of Finance, Saudi Abdul Aziz Al-Assaf on the sidelines of the preparatory meeting for the Arab summit in Riyadh
Emphasized that Iraq wants in the participation of Saudi companies and businessmen in investment projects in the safe areas of the country and contribute to the development of economic cooperation between the two countries. For his part, Saudi Minister of Finance and his country's full support for Iraq, pointing out that Saudi Arabia hopes to increase bilateral trade and economic cooperation with Iraq, and participation in investment projects in the various Iraqi regions.

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Iraq will provide Jordan with oil at preferential prices and raw

27/03/2007م -28227 / 03 / 2007-19:04 shall times reading : 282

He said the Minister of National Security Shirwan Alowaeli that Iraq will provide Jordan with oil at preferential prices and raw soon.

He added that Alowaeli made contact with the Minister
Oil Hussein Shahrastani and discussed with him the importance of the reform a major oil pipeline capacity of 48 knots provide the main station, which could provide oil to Jordan.
The Alowaeli that measures have been taken to protect the main line in cooperation with the Iraqi Ministry of Defense.
The Jordanian Prime Minister, known Bakhit said in March that President Jalal Talabani promised during his treatment in the Hussein Medical City in early March to pursue the issue of providing Jordan with oil based on the oil, which was signed in August 15 last

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nina teaser

27 Mar 2007 18:29:00
Meeting / expanded
The meeting of the Council of Deputies / expanded

Baghdad / Nina / The House of Representatives held its sixth day of the first Legislative chapter-second annual session chaired by Dr. Mahmoud Almshahadani President of the Council. .. The first paragraphs Jeddou
>> More >>>>

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

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Arab Summit


Hopeful Receives Arab leaders in the House of the Arabs

Solidarity Summit starts today in Riyadh

Mission today, Mohammed Ismail, Saad rapid, Salman Al Akili, Faisal Road Riyadh

Amid an atmosphere of calm political and regulatory actions super start today of the Arab summit in its ninth regular session at the King Abdul Aziz International Conference chaired by the Custodian of the Two Holy Mosques, King Abdullah Bin Abdul Aziz and the participation of 16 Arab kings and presidents, princes and heads of Arab governments. The Custodian of the Two Holy Mosques, leaders of Arab summit participants who at the reception yesterday, His Royal Highness Prince Sultan bin Abdul Aziz, Crown Prince, Deputy Prime Minister and Minister of Defense and Aviation and Inspector General and the Secretary General of the Arab League and senior officials in the reception at the airport in the Riyadh. King Abdullah described the Arab Summit as an expression of the free will of the Arab Independent address the hopes of the Arab people The pace, and push all the documents joint Arab interests and address the political and economic challenges facing cultural and the Arab world, and dealing with the political forces and peer global understanding and deepening of the identity and affiliations of the Arab Islamic and nationalist
He arrived by His Majesty King Abdullah II Bin Al-Hussein of the Hashemite Kingdom of Jordan and His Majesty King Hamad Bin Isa Al Khalifa, King of Bahrain, President Muhammad Hosni Mubarak of the Arab Republic of Egypt, President of the Egyptian delegation to the summit. President Jalal Talabani, President of the Republic of Iraq and President Abdel-Aziz Bouteflika, President of the People's Democratic Republic of Algeria and President Bashar al-Assad, President of the Syrian Arab Republic, President Ahmed Abdallah Mohamed Sumbe President Federal Republic of the Comoros and the Sudanese President Omar Hassan al-Bashir and Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates Nations and Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Amir of the State of Kuwait, Fahd bin Mahmoud Al Said, Deputy Prime Minister for Cabinet Affairs, Sultanate of Oman Chairman of the delegation of Oman and Mahmoud Abbas, President of the Palestinian National Authority and the Lebanese Prime Minister Fouad Siniora.
It also participates in the work of the summit as an observer Riyadh both Pakistani President Pervez Musharraf and Turkish Prime Minister Recep Tayyip Ardogan and Kenyan President Mwai Kibaki, the current Chairman of the IGAD summit to the moon so that the Secretary-General of the United Nations, Alpha Oumar Konare, Chairperson of the African Union Commission, Ekmeleddin Ihsanoglu Secretary General of the Organization the Islamic Conference and Javier Solana, coordinator of the Supreme foreign and security policy with the European Union.
On the other hand, the Bahraini monarch praised His Majesty King Hamad bin Isa Al Khalifa, the efforts of the Custodian of the Two Holy Mosques, King Abdullah Bin Abdul Aziz and his rational for the success of the summit and to promote unity of the Arab positions of the various issues close Arab ranks and develop the march of Arab solidarity in the service of the Arab nation.
His Majesty in a statement to the press upon his arrival in Riyadh yesterday to take part in the summit expressed the hope that the Arab summit will lead to a unified Arab position towards all facing the challenges of the Arab nation and confirmed that the work intensively to muster support for the Arab peace initiative adopted at the Arab Summit in Beirut 2002.
Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates was happy to participate in the summit meeting and his pride in his brother the Custodian of the Two Holy Mosques, King Abdullah bin Abdul Aziz.
He was confident that the wisdom and professionalism demonstrated by the Custodian of the Two Holy Mosques, by delivering a climate conducive to the success of the summit and reach the goals to which all aspire.
He commended the level of seriousness and perseverance prepared and created by the government of the Custodian of the Two Holy Mosques for the summit Riyadh.
For his part, Fahd bin Mahmoud Al Said, Deputy Prime Minister for Cabinet Affairs of the Sultanate of Oman in a statement to the press upon his arrival in Riyadh yesterday that the Sultanate of Oman is pleased to hold the summit in the Kingdom of Saudi Arabia to revive and proudly Saudi leadership of the Custodian of the Two Holy Mosques, King Abdullah Bin Abdul-Aziz Al Saud on its achievements in various areas and the efforts of the Kingdom and the great efforts made at the level of convergence and cohesion between the Arab peoples and invite the Lord Almighty to reconcile the brotherly Saudi people and leadership always for the good and payment.
The Sheikh Hamad Bin Khalifa Al-Thani, Emir of the State of Qatar for his greetings and brotherly country people to the Custodian of the Two Holy Mosques, King Abdullah Bin Abdul-Aziz Al Saud, coupled with good health and happiness to the people of Saudi progress and excellence and prosperity.
He said in a statement to the press upon his arrival yesterday evening : I am happy to bring my best regards to my brothers the leaders of the Arab participants in this summit, which is being held in critical circumstances require the concerted efforts and unite to confront the threats against our nation risks and crises, and we hope that the productions to achieve the aspirations of the peoples of the hopes, calling on God to reimburse the pace everyone Yoval and for the good of our two nations Islamic and Arab countries.
He commended President Emile Lahoud, the President of the Lebanese Republic endeavor of the Custodian of the Two Holy Mosques, King Abdullah Bin Abdul Aziz-Aiz-and his wise to not closing the Arab ranks and achieve the greatest degree of cooperation and partnership between the fateful sons of the Arab nation one.
He explained in a statement to the press upon his arrival in Riyadh that the summit is being held amid challenges facing the Arab region, whether in Palestine or Iraq or Lebanon, stressing that these circumstances call Arab leaders to exert all efforts and capabilities in order to close Arab ranks and not allow sedition and conspiracies of further fragmentation and weakening The marginalization of the Arab role in the region and the world.
He called Lahoud support for Lebanon to remain strong and the economy is recovering from a new, supranational institutions for the current political crisis is once again on the road to prosperity and advancement and radiation. He expressed his thanks to all the Arab countries which supported and supported Lebanon politically and economically since the war, especially the recent Saudi Arabia wishing the summit every success.
The President of Mauritania, Colonel Ely Ould Mohamed Vall, the Arab summit will discuss the issues of peace and the settlement of problems within the Arab house and the various issues in attracting Arab attention. He told the Mauritanian News Agency before leaving his country in Riyadh that the agenda of the summit is open to every case, where Arab leaders must put serve to support Arab integration and overcome the nation toward a new era of understanding.

Side meetings between figures
He met with Palestinian Prime Minister Ismail Haniya yesterday in Riyadh with the Norwegian Foreign Minister Jonas Gare Staur and the search topic Israeli soldier Gilead Shalit captive to the Palestinian resistance was stressed on the need to end this issue, as well as the release of Palestinian prisoners held in Israeli jails. The two ministers also discussed the issue of calm between the Palestinians and Israelis as two sides stressed the importance of the commitment of all parties to calm down.
Within the meetings conducted by Arab leaders eve of the summit, met with the King of Bahrain, Sheikh Hamad Bin Isa Al-Khalifa at his residence Balderaih Syrian President Bashar al-Assad and discussed topics summit Riyadh addition to the bilateral relations between the two countries and the situation and the current developments in the Middle East peace process in the region and issues of concern common. Over the two sides expressed the hope that the Arab summit will contribute to the strengthening of Arab unity.
The Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-night visit to the Egyptian President Hosni Mubarak at his headquarters. He also met with the Emir of Kuwait, the King of Bahrain, Sheikh Hamad bin Isa Al-Khalifa and Lebanese President Emile Lahoud. He also met with the Amir of Kuwait, at his residence in the Lebanese Prime Minister.
Received Fahd bin Mahmoud Al Said, Deputy Prime Minister for Cabinet Affairs of the Sultanate Palace residence ownership Lebanese Prime Minister Fouad Siniora, Prof. Ali Mohamed Gedi the Prime Minister of Somalia and Djibouti President Ismail Omar Guelleh, President of Federal Republic of the Comoros, Ahmed Abdallah Mohamed Sumbe and Tunisian Prime Minister Mohamed Ghannouchi.
Custodian of the Two Holy Mosques
Bashar al-Assad receives
Received the Custodian of the Two Holy Mosques, King Abdullah Bin Abdul Aziz Al Saud, may God preserve him in the ownership Palace in Riyadh yesterday evening, his brother His Excellency President Bashar Al-Assad, President of the Syrian Arab Republic channels. It was during the reception, a discussion of all topics on the agenda of the Arab summit in addition to the prospects of cooperation between the two brotherly countries.
The reception was attended by His Royal Highness Prince Sultan bin Abdul Aziz, Crown Prince, Deputy Prime Minister and Minister of Defense and Aviation and Inspector General, His Royal Highness Prince Salman bin Abdul Aziz, Emir of Riyadh region, and His Royal Highness Prince Saud Al-Faisal, Minister of Foreign Affairs and Ambassador of the Custodian of the Two Holy Mosques to Syria, Ahmed Al-Qahtani.

Prince Sultan receives the King of Bahrain
Yesterday, His Royal Highness Prince Sultan Bin Abdul-Aziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense and Aviation and Inspector General at the Palais des ownership yesterday evening, his brother His Majesty King Hamad Bin Isa Al Khalifa, King of Bahrain and the accompanying delegation to his Majesty.
The reception was attended by His Royal Highness Prince Khalid Bin Sultan Bin Abdul Aziz, Assistant Minister of Defense and Aviation and Inspector General for Military Affairs and the Private Secretary to His Excellency His Highness the Crown Prince Professor Mohamed Ben Salem Al-Marri.
Clément : know and appreciate the suffering Palestinian fears Israel
The Secretary-General of the United Nations, Clément on the role of the United Nations in achieving peace in the Middle East.
He said in a press conference held after his meeting with Jordanian King Abdullah II left Amman before heading to Riyadh saw a particular <magnitude of the challenges and difficulties facing the relationship between Palestinians and Israelis>.
Increased <know that the Palestinians are suffering severely limit the freedom of movement and Israeli checkpoints, and at the same time appreciate the concerns and Israeli security considerations that must be balanced with the problems and difficulties dealing with the humanitarian and economic situation of Palestinians>.
He Mon to what he described as <positive indicators> efforts on more than one level to re-launch the peace process, which included <round of the American Secretary of State last in the region and the revitalization of the Quartet, and the formation of a government of national unity Palestinian>.
Abbas : Arab Initiative
Progress for Israel by sea of peace
He said Palestinian President Mahmoud Abbas that the Arab peace plan may be the last chance for Israel to live in <a sea of peace> must not miss this opportunity.
He said after his arrival in Riyadh yesterday that the initiative simply say to Israel that it must leave the occupied territories and live in a sea of peace Mauritania to the west to Indonesia in the East.
He went on to say that he is unlikely to be a chance similar to this initiative if not accepted by Israel.
Abbas pointed out that the most important initiative since 1948 to resolve the problem of Israeli occupation They provide solutions to all the parties that are seeking to reach a settlement.

New Iraq law woos former Saddam officials
(AFP)

27 March 2007



BAGHDAD - Iraq on Tuesday prepared to debate a new bill designed to woo members of the outlawed Baath party into mainstream politics and government jobs in a reconciliation bid to quell rampant conflict.


On Monday, Prime Minister Nuri Al Maliki and President Jalal Talabani sent a draft reformed de-Baathification law -- pushed by outgoing US ambassador to Iraq Zalmay Khalilzad -- to the cabinet and parliament for approval.

The bill aims to offer jobs to former regime officials who did not hold high positions, in an effort to reform deeply controversial legislation that saw tens of thousands of army and government officials sacked after the 2003 US-led invasion.

The original de-Baathification law and the disbanding of former president Saddam Hussein’s sprawling military has been widely recognised as a key American policy mistake that fuelled the deadly Sunni-led insurgency.

The reformed bill offers immunity to former Baathists after a six-month challenge period during which any Iraqi can file a lawsuit against any Baathist or former security officer suspected of crimes.

But after this period, all Baathists will be immune from prosecution over their actions under the former regime. The new law also confirms pensions for Baathists and their families, regardless of rank.

“The aim is to ensure the application of justice and equality, and the preservation of rights in the context of national reconciliation,” Maliki’s office said on Monday.

Khalilzad, who is due to leave Iraq within days, welcomed the draft legislation.

He said it would give those who have de-Baathified in the past ”the opportunity to return to their jobs, provided they were not at the highest levels of the former regime and have not been involved in criminal activity.”

Soon after Saddam’s toppling in 2003, then US administrator for Iraq Paul Bremer dismantled the Baath party and sacked tens of thousands of its members.

The controversial de-Baathification law became a major source of grievance for the minority Sunnis, who have since fought relentlessly against US troops and the current Shiite-led, American-backed government.

Iraqi Shiite lawmakers on Tuesday welcomed the new bill, hailing it as an opportunity to divorce the majority of Sunni Baathists from violence and reel them back into the nation-building process.

“There is no doubt it will help reduce the cycle of violence in the country if the Baathists returned to their administrative and social posts,” Hassan al-Sinaide, an MP in Maliki’s Dawa Party, told AFP.

“I think we are in need of a radical reform for the sake of national reconciliation.”

But Sunni lawmakers remained sceptical as Shiite-Sunni sectarian violence continued.

“I doubt they (the Baathists) will return,” said Dhafer al-Ani, a prominent lawmaker from the National Concord Front, the main Sunni bloc in the Shiite and Kurdish-dominated parliament.

“Many Baathists have been targeted. There is a programme by some political parties and militias to finish them up. So the law is not effective in practice.”

Kurdish MP Mahmud Othman said the draft law is an attempt to make use of the vast pool of talent among former regime officials.

“Baath party has professionals, they know how to work in a state,” he said.

“The present regime wants to benefit from them. Iraq currently is not run in a good way, as we know what has happened in the past four years. From the start the present regime should have benefited from the people of old regime.”

Khalilzad, a Sunni Muslim, said the new bill was a “significant step in the right direction and will be a major pillar of a much-needed national compact among Iraqis.”

Talabani, before heading for a summit in Riyadh, also indirectly urged Arab nations to help unify Iraq.

“We ask the Arab Summit to support the political process in Iraq and to stand by our side against terror, to cancel our debts and reparations,” he said.

Most Arab nations, who are majority Sunni states, had urged Iraq to review the de-Baathification law.

In Riyadh on Tuesday, Iraqi Foreign Minister Hoshyar Zebari said Baghdad does not need a “diktat” from the Arabs on how to amend its constitution and boost national reconciliation.

“Amendment of the constitution is an obligation written in the text of the constitution, and we are determined to do it without waiting to be told,” he told AFP.

Khaleej Times Online - New Iraq law woos former Saddam officials