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

Economic : the role of the National Authority for Investment in Iraq

D. Falah behind spring
The Ministry of Finance announced recently the formation of the National Authority for Investment, at the recommendation of the Act No. 13 of 2006, this law has been allocated by the second quarter of the definition that the Article IV of this chapter, "The body has a moral personality

Responsible for the development of national policies for investment and development plans, regulations, controls, and monitoring the implementation of controls and regulations in the area of investment, and a specific investment projects strategic outlook of a federal exclusively "and the other a strategic national public investment specifying the sectors most important, as the task of preparing a map of investment projects in Iraq, as well for the preparation of lists of investment opportunities in the investment projects and the strategic outlook of Yugoslavia, the provincial and district irregular in the territory shall be the formation of investment in the areas under its control with powers granted leave investment planning and investment and encourage investment, and the Article IX of this chapter that the main objective of the body is to encourage investment regardless of his nationality, and work to promote confidence in the investment environment and promoting investment opportunities, and stimulate investment, and develop programs to promote investment in the different regions of Iraq to attract investors and implementation.

From the economic point of view we can say that the Commission's work will be limited in the work to create the appropriate investment climate to attract investors Iraqis and foreigners.

And it should be recalled here that the concept of the investment climate is a complex concept involves a number of dimensions of legal, economic, political, which included a combination of legislation and laws, along with the economic policies and institutions, structural characteristics and local economic, political and social issues affecting the confidence of investors and impress upon them the guidance investments to the country without another.

The concept focuses on the comparative advantages enjoyed by the site on the investment, which will be determined in the light of the form of opportunities and incentives available to companies willing to invest, which is largely affected by economic policy (fiscal and monetary) and the conduct of the government and in particular the level of corruption, which exercises a powerful influence on costs and profitability, risks and obstacles restrictions on competition.

It also affected the profitability of the companies are providing security and stability, in particular the security of fixed capital and property rights, and the degree of restraint compliance regulations and laws, and the tax system.

And some applied research that the majority of multinational corporations given to the element of economic stability in the host countries of great importance in appreciation of the magnitude of the risks associated with investment.

Based on the foregoing it can be said that the task facing the National Authority for Investment in Iraq, a difficult, but not impossible, and the success rate achieved by the output level of government would make progress in security and political side, as well as its efforts in the liberalization of the economy. The reconstruction and development of infrastructure in the forefront of work on the development of airports, ports and roads and improve water and electricity networks and the provision of fuel and means of communication, as well as to strengthen confidence in the investment environment and focus on the dynamic aspects by raising the level of skills and competencies Altknikih, regulatory and raise the level of efficiency of the accounting system and the administrative and judicial attention and the process of research and development, investor different resolutions, will have obligations and rights, and it is, therefore, a need for a system of accounting and administrative transparent and effective judicial system

ÌÑíÏÉ ÇáÕÈÇÍ - ÏæÑ ÇáåíÆÉ ÇáæØäíÉ ááÇÓÊËãÇÑ Ýí ÇáÚÑÇÞ

Economic : the completion of the power station Nasiriyah contribute by providing 100 million dinars

Nasiriyah - Sabah

Completed technical capabilities of a power station in Nasiriyah process of altering baskets warm and cold damaged baskets in a record time and cost of nine million dinars and 120 at the basket in an effort to address the impacts of this negative phenomenon to generate electric power

The completion of this project after the difficulty of producing energy obstetric station in greater damage because of the current energy parts of heaters and air so hot pots. This contributes production to provide the amount of 100 million dinars in the case of manufacturing in Baghdad as well as a standard of achievement and contribution of this increase in production capacity for electric power generation stop

ÌÑíÏÉ ÇáÕÈÇÍ - ÅäÌÇÒ Ýí ãÍØÉ ÊæáíÏ ßåÑÈÇÁ ÇáäÇÕÑíÉ íÓåã ÈÊæÝíÑ 100 ãáíæä ÏíäÇÑ

Economic : 90 billion dinars to complete three projects for drinking water in Baghdad

Baghdad-Sabah

Baghdad Water Directorate implemented during the current year, three draft strategy for drinking water in various parts of the capital for a final solution to the shortfall in the consumption of the population drinking water

The head of the Baghdad governorate water Khajeh Abdel Jaber said that the Ministry of Municipalities identified 90 billion dinars for the implementation of these projects within the investment plan for this year. He pointed out that the first phase of implementation include the areas of the coronary and Hosseinieh Nahrawan include complete lines tanker to the project site and large pumps and reservoirs on the river and buildings within the site. He added that the plan also include maintenance and rehabilitation projects operating in the central regions of Errachidia and Zaydan in the Abu Ghraib, as well as the Mahmoudia and towns in order to maintain the technical specifications with regard to the liquidation phase, according to the global controls.

ÌÑíÏÉ ÇáÕÈÇÍ - 90 ãáíÇÑ ÏíäÇÑ áÅäÌÇÒ ËáÇËÉ ãÔÇÑíÚ áãíÇå ÇáÔÑÈ Ýí ÈÛÏÇÏ

Economic : an economic conference in Karbala demanding the government adopt its recommendations

Called to adopt economic policies and financial Stratjeh

Karbala - Sabah

The economic conference recently held a specialist in the city of Karbala, holy to the need to work to create a state of relative balance between the growth of the IMF and the GDP growth and the reduction of the deficit in the state budget according to the vision of activating the productive sectors

The recommendations of the conference organized by the Faculty of Management and Economics at the University of Karbala, which received the "morning" a copy of which was the need to make maximum use of the Investment Law No. 13 of 2006, according controls guarantor of the rights and interests of Iraq and the investment plans of short-medium - and long-term.

The recommendations called for the importance of seeking to encourage the return of migrant scientists and scientific investment energies on her return to incentives encouraging.

With regard to the financial hub recommendations included calling for the study and analysis of developments in the banking system in Arab banks and assessing the relevance of Iraq and the need to develop Iraq's market for securities linked to a network through contacts with the Arab capital markets and global recommendations also called, in this context, to invest surplus cash in banks in a useful investment as implementing housing projects to address the housing crisis to be moderate premiums and remain subject to the bank until the full payment of premiums as well as seeking to activate the role of banks in investment policy and focus on bank credit for investment purposes.

The recommendations in the axis of the importance of supporting small industries and contribute to the solution of problems faced by these industries and the adoption of integrated business incubators run by the state-owned banks.

It is noteworthy that the conference saw 35 to discuss the search for more than 45 scholars from various universities Baghdad and Karbala, Basra, Nasiriyah and Qadisiyah, Karbala Technical Institute and Technical College and the Center for Economic Studies in Karbala and earlier research in the three themes of economic axis is the axis of financial and administrative hub.

ÌÑíÏÉ ÇáÕÈÇÍ - ãÄÊãÑ ÇÞÊÕÇÏí Ýí ßÑÈáÇÁ íØÇáÈ ÇáÍßæãÉ ÈÇÚÊãÇÏ ÊæÕíÇÊå

Economic challenges : the Iraqi economy and its impact on the accession to the World Trade Organization

Baghdad preparation Imad Principality
Seeking States belonging to the WTO to benefit from the liberalization of trade and the movement of international capital has already birth of this organization proved difficult negotiations on the contradictions existing between the major industrial countries, looking for markets to sell goods and services produced by And developing countries, which seek to protect the economy from the intense competition and feed its treasury in tax revenues and customs duties on goods and the most prominent feature of the current world economy consistent with the characteristics advocated by the WTO and those features movement of goods, services, capital, information and labor across national and regional boundaries is linked the development of communication technologies that have made the world seem like a small village, and these are consistent with what it calls the World Trade Organization and the data are consistent with the new international order which is characterized by the dominance of (the capital) principles and rules of the global economy and the organization aims to strengthen the global economy through trade liberalization of all restrictions The increased demand for economic resources and optimal exploitation and expansion, and to facilitate access to international markets and help resolve disputes between States and management mechanism of trade policies and cooperation with other international institutions to achieve harmony between trade and financial policies, monetary international community has witnessed the growing interest transitions Chairperson features the world economy after the accelerated in an unprecedented manner during the 1990s, from the 20th century, after the establishment of the World Trade Organization has been the subject of the globalization of the economy in recent years as well as the concerns of economic thinkers and politicians all over the world after that seemed obvious that the rapid economic developments and changes taking place in the modern world led to a new economic re-ordering of priorities and interlocking economic ideologies that have contributed to the global economic system more complex impact on the founding of the Organization However, there was economic benefit that the World Trade Organization has devoted two uneven relationship between the north, where the factory produces the parties Trinity (North America, Europe, Japan) constitute the pillars of the global economy and the south, which is still most of its countries suffer chronic problems (poverty, unemployment) and suffocating foreign debt and political instability that threatens to exacerbate the situation, especially after the disaster that became clear that the growth and stability of developing countries is an essential condition for stability of the global economy, this seems to Iraq to join the Organization world trade is still premature to that the disruption of many of the productive sectors of agricultural, industrial and service with increasing rates of unemployment and poverty in the country requires a serious economic processors, on the other hand, different economic visions on the accession to the organization where Iraq was considered by some economists that the WTO has not the features of the world economy by linking relations and international business interests are intertwined among a number of countries and this perception is Iraq to join the World Trade Organization is necessary but some others considering the consecration of the reality of global domination and possession on the bounties of the country and the destiny summary, the birth of this organization after several years of difficult negotiations was the result of the conditions that characterized the world since the early 1990s and the globalization of economies and complexity, and because the interests of many developing countries in the developed countries and large corporations across continents and the growing role of international institutions in charting the course of development of the developing countries and control in addition to the rich countries of the North sought to control the lion most of the world economy through their companies and their subsidiaries around the world.

ÌÑíÏÉ ÇáÕÈÇÍ - ÊÍÏíÇÊ ÇáÇÞÊÕÇÏ ÇáÚÑÇÞí æÃËÑåÇ Ýí ÇáÇäÖãÇã Åáì ãäÙãÉ ÇáÊÌÇÑÉ ÇáÚÇáãíÉ

Economic: loan guarantee program is an effective means to put it in the service of development projects

Banking expert depositary Hanzl told (morning) :
Baghdad-Yasser incumbent

Banking expert depositary Hanzl that the loan guarantee program adopted by the Iraqi company for bank guarantees is an effective way to ensure that the loans go to the implementation of development projects and the real dimensions of the banks about the dangers of manipulation occasional customers

He said in an exclusive b (morning) : The goal of the program is to contribute to the strengthening of the role of the private sector in the process of development and construction loans by ensuring owners of small and medium-sized laboratories in order to achieve operating and job opportunities for idle hands.

It is known that the banking sector is suffering from multiple challenges contributed to the shackled and not catching sinks world. This situation, which governs the banking sector is the same as what distinguishes economic sectors ..

These challenges include the security situation not encouraging, as it was expected of a plan to impose law to achieve its goals off all economic sectors, including the banking sector towards the future. Among the attempts to activate the role of the banking sector in the development agreement are 12 banks to establish a bank provides loans to shoulder the risks of banking and try to induce banks to delve investments aimed at achieving economic development the country needs and requirements of the current stage.

Chairman of the Board, a banking expert depositary Nouri Hanzl, who supports the view that the failure of the banking sector attributed the causes of the migration of capital abroad to the Iraqi wars and the siege of Iraq previously imposed on it as well as the security situation experienced by the country since the occupation and until this moment.

He said : The loan guarantee program is an advanced step on the road to activate and support the private banks as portfolio insurance for the activity of banks and hold business owners and small and medium-sized enterprises hope that the role required by the company to provide soft loans and necessary for the activation and operation of private enterprises and thereby contribute to the national economy through the attraction labor, as well as the operation of laboratories and factories idle and loss. banking expert Professor Wadi pointed out in this respect that it is possible to the borrower from the owners of small and medium businesses to go to the banks to participate in the loan guarantee program administered by the company as the bank turn to receive requests loans to be reviewed and examined documents and the required analysis the credit and the cash flow of a project to establish whether the project is feasible and requires the company to be referred to the guarantee.

Hanzl pointed out that this mechanism will contribute to enhance the march of the private sector and ensure that the loans in the project and the real dimensions of the banks of the dangers of manipulation of funds and reduce financial corruption and thus ensure a high cruise of the loans towards the achievement of the development goals required.

In this regard, the company has established special criteria to be applied to the borrower. And on the question about the trend towards global integration and partnership with international banks, he said : I, personally, with global integration and partnership with the global too, but in the case if the banks are not able to develop their potential, I associate myself with the fans banks, which can rely on their cadre by the intensification of relations and mutual visits and the preparation of the agenda for the training of personnel and development for the advancement of banks and make it in the category of international banks at that highlight the importance of competition.

Iraq and the market for securities of world markets, especially the neighboring countries Hanzl says : through the eye field happenings functioning of financial markets in the countries of the region, we can say that there is something really missing something very important is the assessment of real and alleged Third party This means assessing the development of joint stock companies to get real data that serves the objectives of the stock market, which is in the real evaluation the share price, and this requires a method of transparency in the disclosure of documents and information

ÌÑíÏÉ ÇáÕÈÇÍ - ÈÑäÇãÌ ÖãÇä ÇáÞÑæÖ æÓíáÉ ÝÚÇáÉ áæÖÚåÇ Ýí ÎÏãÉ ÇáãÔÇÑíÚ ÇáÊäãæíÉ

Iraq : Prime Minister granted 750 thousand dinars to employees of the protection of installations in Diwaniyah

Baghdad-Sabah

Channel announced yesterday, Tuesday, that the Iraqi Prime Minister Nuri al-Maliki decided to give employees the protection of educational establishments in the amount of Diwaniyah (750) thousand Iraqi dinars (equivalent to 500 dollars) with non-renewal of their contracts and allow them to provide the service in the Ministries of Defense and Interior.

He discussed the House of Representatives in its yesterday this issue and is directing the Prime Minister stressed the importance of implementing orders to pay their salaries and the succession will discuss the non-implementation of the orders by the Council of Ministers.

The governor of Diwaniyah had said Monday : Maintaining agreed with the committee set up by Prime Minister Nuri al-Maliki to end the suffering (9500) of the guards educational establishments protesters two days ago before the building maintenance, regardless of salaries.

The governor of Diwaniyah Khalil Jalil Hamza at a press conference after the meeting with the Office of the preservation of the Prime Minister that "the agreement stipulates that the disposal of the salaries of guards educational establishments next Sunday, a decision of the Committee, which visited the preserve will be appointed in all existing number now in the multi-During the month one career and determine where each person. " The local constituencies Diwaniyah province has been disrupted for two days because of the protest carried out by guards educational establishments regardless demanding their salaries made three months ago.

ÌÑíÏÉ ÇáÕÈÇÍ - ÑÆíÓ ÇáæÒÑÇÁ íãäÍ 750 ÃáÝ ÏíäÇÑ áãäÊÓÈí ÍãÇíÉ ÇáãäÔÂÊ Ýí ÇáÏíæÇäíÉ

Iraq : transparency .. The cabinet reshuffle

Morning talk
Mohamed Abdul Jabbar carp

I was gratified by many letter addressed to the Secretary-General of the Council of Ministers to Brother Professor Falah torch on transparency, and in particular the letter saying that the Cabinet agreed that "transparency, which you are asking them as a tool of control and evaluation of the right to information and the public." And, of course, pleased claim Brother torch more transparent.

The truth is known to all the believers truly democracy, transparency of the conditions of democracy. Because democracy in depth knowledge. Know what the referees, officials and managers, so that the people can evaluate the performance and control the action and thus accounting for negligence and praise Balkvoein and so on. This monitoring is part of the characteristics of good governance. Any judgment would not be valid unless subject to the control of the popular multi-boot. Governments tend normally, even in democratic systems obsolete, to the concealment and failure to declare and concealment of information, but the popular control, information and parliamentary them to hide their fears, being forced to openness and transparency and disclosure. This country needs always, always, democracy, the voices strong many calls constantly transparent. Not demanding, but verify information and by the exploration and disclose. If the transparency of information and indeed the public, it is the duty of the government and the leaders and officials, to play without him one. It is not a favor to the Governor of his parish, but it is the duty of the Governor to play in front of its citizens. Transparency to know the reasons for the delay cabinet reshuffle. It has been a long time and the Prime Minister Nuri al-Maliki speaks of the need for a cabinet reshuffle, announced more than adviser, that amendment became familiar.

But he has yet to be achieved. Thus, we have the right to become citizens and media professionals to know the reason for the delay in a cabinet reshuffle.

Since Maliki is the reason people know, I am a citizen, the next question to him directly : Dear Abu-Asra, Why delayed cabinet reshuffle so far? I hope to hear or read the answer soon!.

ÌÑíÏÉ ÇáÕÈÇÍ - ÇáÔÝÇÝíÉ .. æÇáÊÚÏíá ÇáæÒÇÑí

Talabani optimistic including output of the summit on Riyadh

(Voice of Iraq) - 28-03-2007


.Today, its work in Saudi Arabia .. Talabani optimistic including output of the Riyadh summit on Iraq
Riyadh / Sulaymaniyah - agency
The President of the Republic, Jalal Talabani, before leaving Sulaymaniyah Airport yesterday, Tuesday, heading to Riyadh on optimism the results of the Arab summit, which begins today, Wednesday,.
And Talabani told reporters that "the Riyadh conference will focus on the Palestinian issue and Iraq and the outcome for good for the Iraqi people Valmekdmat (Conference) suggest promising indicates a response to the demands of Iraq, so I am optimistic."
Add Riyadh today and tomorrow the regular summit of the League of Arab States.
And on the Iraqi demands in the summit, pointed out that "Iraq is the understanding of the demands of his real and what is happening on the ground and the cancellation of debt and compensation and assistance in the fight against terrorism."

At the same said Foreign Minister Hoshyar Zebari yesterday in Riyadh the eve of the Arab summit "to the need to amend the Constitution stipulated by the constitution and we are determined to do so without the one to tell us that."
The Zebari, in his statements to the Arab foreign ministers on Monday in Riyadh on call during the summit, to "review the constitution to strengthen the political process" in Iraq.
He added that Zebari : Iraq is expected from the Arab countries "to help combat terrorism and control its borders with Iraq to prevent the entry of weapons into Iraqi territory."
And the resolution approved by the Arab foreign ministers to review the law abolishing the Baath Party, Zebari said that his government "is committed to this without any request from them."
According to the Minister for Arab, the Arab foreign ministers in Riyadh on a decision that provides for review of the law abolishing the Baath Party to promote the process of national reconciliation in Iraq.
Zebari added : "We hope that the Arabs is a more constructive manner in support of Iraq instead of a legacy or stand idly by."

Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

Originally Posted by shotgunsusie

But he has yet to be achieved. Thus, we have the right to become citizens and media professionals to know the reason for the delay in a cabinet reshuffle.

Since Maliki is the reason people know, I am a citizen, the next question to him directly : Dear Abu-Asra, Why delayed cabinet reshuffle so far? I hope to hear or read the answer soon!.ÌÑíÏÉ ÇáÕÈÇÍ - ÇáÔÝÇÝíÉ .. æÇáÊÚÏíá ÇáæÒÇÑí

Yes. Where is the reshuffle?