Thread: Iraq/Dinar News Up until April 5th 5PM CTZ.

Originally Posted by Inscrutable

And now that the Brits are out of the way the area is open to a US air attack. Friday or Saturday? Place your bets.

Lets go with Monday..... I got plans for this weekend.

Sorry Hero May Jesus bless your whole family during this trying time.

Originally Posted by buddy54

dinartrade.com has dropped their prices $885 for a million dinar he says he will beat anybodys price just wonder why he would drop his price. does anybody know why?

i'll venture that at this point most folk have already invested all they intend to... I know i have........

Originally Posted by TerryTate

Lets go with Monday..... I got plans for this weekend.

LOL Actually I meant on Iran so unless you're in Iran go ahead with your plans.

Hero, May the peace and Love of Holy God be upon you and your family during this time. My thoughts and sincere prayers are with you. May He comfort you with His arms of grace and give you peace with His loving hands of mercy.

Amen

Originally Posted by buddy54

dinartrade.com has dropped their prices $885 for a million dinar he says he will beat anybodys price just wonder why he would drop his price. does anybody know why?

Was at Chase today in Peoria AZ, price was 872 per.

Originally Posted by hero44

Guys just wanted to ask for your prayers my Mother passed away in her sleep
Monday morning. Funeral Thursday.
Thank you all
Hero44

my thoughts an prayers go out to you.

Oil flowing to Jordan within months
Difficulties facing liberalization of the energy sector

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04 April 2007 (Iraq Directory)

Iraqi Minister of State for National Security Affairs, Shirwan Alwaeli, said that an agreement was concluded with companies operating under the private sector to protect the roads linking between Iraq and Jordan, with the aim of raising the volume of trade exchange, and start transferring the expected amount of Iraqi oil to Jordan. Alwaeli said that the current security situation deferred supplying Jordan with the oil agreed at between the two countries, of 10 thousand barrels, accounting for 10% of Jordan’s consumption of crude oil per day, but efforts are being made to protect the road between Amman and Baghdad.

Alwaeli announced that Iraq is about to operate a railroad with Syria and establish another one with Iran. Iraq has sent a technical delegation to Jordan last year to study the economic feasibility of the designs and preparations to start the project, and announced later the completion of all the studies and designs necessary.

The Iraqi minister said it is likely that Iraqi planes parking as "scrap" in Amman International Airport since the outbreak of the Gulf War in 1990 will be sold. Jordan announced in December 2005 the exemption of Iraq from the fees of parking for the entire period during which the aircraft remained in its territory, which is estimated at about four million dinars.

Divergent views of experts in the energy sector and economists on the ability of the Jordanian government to liberalize this sector, as it announced earlier.

Deputy Prime Minister, Minister of Finance Ziyad frez, said that the government had reached the point of the tie in supporting fuels, following a series of measures it took within the strategies it adopted to support citizens rather than goods.

Workers in the energy sector said that the government needs to follow practicle procedures in the process of liberalization of the sector, according to studied methods to maximize the Treasury when granted licenses for the importation of oil, in order to avoid the experience of the telecommunications sector, which has cost the Treasury huge sums of money.

Former Minister of Energy and Mineral Wealth, Muhammad Bataineh, said that the liberalization of the energy sector requires several operations precede decision-making, both at the port, stores or logistical aspects and transport fleet, but some of them are not ready yet, and this undermines the capacity of completing the liberalization of this sector.

The government announced its intention earlier in the formation of a body to regulate the energy sector with the task of monitoring the market pricing policies.

And according to the statements of government officials, the liberalization of the energy sector will be at the beginning of next year, but speculation about the seriousness of these statements are subjected to the actions actually taken, according to the president of gas stations Adnan Urabi.

Economist, Hani Al Khalili, demanded the government to keep their hands on the sector while ensuring the stability of the situation, especially since world prices are subject to change without logical reasons and are being biased to speculations.

On his part, economist, Mazin Marji, explained that the government had passed tough decisions on the population, to increase fuel prices, or taxation, as it breached previous promises it made to reduce fuel prices if global prices retreated, but it did not.

Electronic circulation in the Iraqi securities market

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04 April 2007 (Iraq Directory)

Iraqi securities market announced that it registered the companies which are registered in the market in the International Numbering Agency. The Executive Director of the market, Taha Ahmad Abdul Salam, said that: “one of the important steps done by the Iraqi securities market, for the purpose of implementing the electronic circulation, is the registration in the International Numbering Agency which will enable international investors from trading through more than one intermediary”.
He added that:”this step will eliminate the problem of delays in issuing the shares certificates, which the local the market and investors suffer from with the possibility of delivering the value of the shares on the day following the transaction session without any delay from the clearing bank”.

Iraqi cabinet endorses 50 m dinars loans for small projects
By Santa Michael

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Baghdad, 04 April 2007 (Voices of Iraq)

Iraqi cabinet on Tuesday endorsed offering loans up to 50 million dinars ($ 40,000) for small projects, the government spokesman said.
"The cabinet has agreed to offers loans up to 50 million dinars for small projects through the state-owned banks," Dr. Ali al-Dabbagh told reporters after a cabinet meeting.

The interest rate is six percent, two should be paid by the loan holder while four percent will be paid by the finance ministry, he said.The cabinet also approved the establishment of the Najaf power plant, operating with natural gas at a cost of $55 million and a design capacity of 22 MW, al-Dabbagh added.

"A contract to that effect will soon be signed with a specialized company to start carrying out the Najaf power plant project," said the spokesman, without providing the name of the company.

Meanwhile, al-Dabbagh added "the cabinet decided to sign WLL contracts with companies offering cellular service in the country if the companies already had contracts with previous governments before April 2003."

The cabinet agreed to implement the contracts concluded by the mobile phones companies and allocate them the required frequencies for operation, he said.