Thread: Iraq/Dinar News Until 5/3/07 Midnight CST.

Saudis Round Up 172, Citing Plot Against Oil Rigs

RIYADH, Saudi Arabia, April 27 — Saudi security officials said Friday that they had broken up a vast terrorist ring, arresting 172 men who planned to blow up oil installations, attack public officials and military posts, and storm a prison to free terrorist suspects.

Officials said that the suspects had trained abroad, in Somalia, Afghanistan and especially Iraq. The chaos in Iraq has fueled radical ideology among the region’s youth, while providing an environment for militants to train, analysts here said.

“It is the beginning of jihadi operations leaking out of Iraq,” said Abdul Aziz al-Qassim, a retired Saudi judge and moderate Islamic activist. “It is clear that this is some of the effects of what is happening in Iraq, in terms of training and in terms of learning from the Iraqi experience.”

http://www.nytimes.com/2007/04/28/wo...th&oref=slogin

Voice of Iraq) - 28-04-2007 sent this issue to a friend BAGHDAD (Reuters) - perhaps brought pressure exerted by the United States on Iraqi Prime Minister Nuri al-Maliki to accelerate reconciliation between the rival communities Iraqi counterproductive effects as leaders of Iraq do not want to seen to receive orders from Washington, which began patience running out.

The desire of the American military commanders who are leading the campaign in Baghdad in order to allow the owners to pass laws requiring the sharing of power that the United States moving in the direction in moving Iraq toward different. Summarized General David Berr íos commander of U.S. forces in Iraq this predicament last Thursday when he talked about the clock America "moving at a rapid pace, reflecting the frustration and impatience, disappointment and anger, and a variety of other emotions," as described at Iraq as "Atser same speed." While both President George Bush, under increasing pressure from the Democratic Party to determine a timetable for the withdrawal of American forces from Iraq and Washington is trying to tighten the noose on al-Maliki to agree to special laws sharing oil wealth in Iraq and the lifting of bans imposed on the members of the Baath Party of former Iraqi public office By September last year. Linking American Defense Secretary Robert Gates between pass laws "quotas" and the continued increase the size of the American forces. Signed these laws prey in the claws of sectarian and ethnic strife that has plagued the government of Maliki dominated by the Shiites, the Iraqi Parliament.

But some politicians warn that the continuation of the tremendous pressure on Maliki would not defeat its provisions on power in the country. Maliki and plagued the government this month the resignation of six of its members of the current pro-young Shiite cleric Muqtada al-Sadr against the United States. Mahmoud Othman, a Kurdish deputy said that the Americans are in need of specific benchmarks in this regard due to pressure American public opinion and Congress, "but if it intervenes more and practiced extensive degree of pressure has come so counterproductive and negative consequences." He said that Iraq is seeking to restore its sovereignty and the satisfaction that Washington says is doing such and such "Maliki need to support Washington, but did not appear to accept that people are receiving orders from the Americans to publicly express." After ten weeks of the campaign security in Baghdad, which are seen as the last chance to prevent Iraq from sliding into the abyss of a civil war there are no signs to remind the Iraqi parliament would ratify the laws before the legislature approved the holiday month July. However, the Iraqi politicians complained that domestic politics in the United States dictate to the Iraq issue for political progress and say that many of the laws that Washington wants Parliament to Imrerha facing deep feelings of loss of confidence by the Shiites, Sunni Arabs and Kurds. Haider Ebadi is parliamentarian of the Islamic Da'wah Party, which belongs to him said that if Maliki did not approve any law "has adverse effects occur, we must do what we want and not what Washington wanted." Among the examples cited by Ebadi plan to allow thousands of former members of the Iraqi Baath Party to return to public life. This plan represents a long-Shiites, who dominate the political life, but now they form the backbone of the insurgency in the country. However, some of the allies of the Shiite Al-Maliki, who have been persecuted during the rule of Saddam opposed to the return of the year for positions in the government and army. Ebadi said "we can not pass a law granting pensions to former Baathists does not receive those who have been persecuted (in the era of Saddam) any compensation. That matter is problematic. " Coincidentally another law proposes sharing oil wealth of Iraq obstacle after the Iraqi Kurdistan region rich with oil that he opposed annexation of the territory as an unconstitutional and threatened to move ahead with the special procedures of Kurdistan. He said some politicians that other pressures, which began in Washington exercised recently was just an attempt to correct what was described as "errors of Bush" particularly ban Baathist activity and the pursuit of a referendum in 2005 on the new Iraqi constitution despite Sunni Arab concerns. Salim al-Jabouri spokesman Iraqi Accord Front is a Sunni, "the question is whether the mere adoption of these themes is the solution to problems or as an attempt to polish the image of America in said that she succeeded in this experiment." Joost Hiltermann, who works for the international community to address the crisis, which is the research said that Washington anxious to achieve quick results in Iraq as well as losing patience dictated always achieve progress in Iraq and that Washington must achieve a delicate balance between the two. He said that both groups Tazvan to achieve a settlement and the Iraqis are not able to reach an agreement on their own only to maintain pressure on al-Maliki has Enverh and weaken the government and fuels a rebellion against the American forces, which were treated as occupying forces. The MP said Othman, the Kurdish "We have two and a program of action Shaaban." From Yara Bayoumi unlawful Villelabeitia

Yes, I'd like to see or hear what that artical has to say.

Economic : requirements for foreign investment in Iraq
28.04.07
Helal added

At first it must be recognized that the history of foreign Alasttaghmar in Iraq does not have any real significant achievements of remembrance and thus the experience of dealing with investments, whether Arab or foreign considered deficient and therefore are needed to set-up and configuration management and administrative cadres and Cadres conscious workforce, accommodating and aware of the tasks assigned to it. It is necessary and important all that is based on convictions of Arab and foreign investment, especially direct investment for a country such as Iraq needs to provide the following requirements :

1. A grass-roots base and convinced that Maittalp broad media campaign and extensive to narrow the differences in views and opinions on the need for economic investments Iraqi whether national or foreign or Arab, and the level of need and the nature of positive and negative impacts and the extent of its contribution to address the imbalances and bottlenecks in the Iraqi economy, economic sectors and poverty overcome many the problems and dilemmas, especially the provision of appropriate technology on one hand and create a lot of employment opportunities on the other hand, what is important in all this is the wrong response to the views that attract foreign investment mean compromising national wealth and the Iraqi economy up for sale and national sovereignty at risk and was attracting foreign investment is a fad, not a purely Iraqi the task by all countries of the world, whether developed or developing.

2. Provide full legal environment to encourage foreign investment in the country, and the Investment Promotion Act of unity and not mean enough to provide the legal environment, but, all requirements must create an environment supportive of legal and foremost reconsider the laws, regulations and instructions inherited from the previous regime and bring something new and innovative and separating them in all fields.

3. Vice body that will emerge from the investment law by the dominance of any government sectors must be representation of the private sector in addition to the probable need to attract scientific expertise in order to enrich scientific practices and to be its objectivity, efficiency, effectiveness and transparency which contributes to the success of tracks applied to the investment law as the goal of the because the legislation without any of the positive outcomes resulting from the application makes it far short of achieving the fundamental objectives of the law were initiated.

4. Increasing the volume of facilities and guarantees and the services provided to investors in Iraq and compared with those in neighboring countries, at least, because the element of competition still exists acute with what is available from alternative investment opportunities regionally and internationally.

5. Less risk : less degree of risk faced by foreign investors in the event of a purchase of the shares, compared adventure against in the event of the establishment of a new company as the latter makes the likelihood face difficulty in dealing with union officials in Iraq or local governments (provincial governments) who oppose the reforms or foreign investments in general, and the acquisition of territory presents risks for the investor expropriation and problems obtaining building permits only if the government gave Iraqi legal safeguards for all those risks.

6. Provide the right economic climate and political and security environment conducive to attracting Arab and foreign investments and we must recognize that the call for privatization programs in itself is enough to attract foreign capital because foreign investors take into account several factors for investment decision, the factors we have mentioned previously, which in the case of non-availability do scam in the country for the benefit of alternative investment opportunities in other countries, especially Iraq's neighbors, which is currently the case now.

7. The intensity should be harmonized CST needed by the Iraqi economy because of being the technological backwardness in this area on one hand and the intensity of the work under extreme suffering from worsening unemployment dilemma aftermath of the tragic (30% and 40%) of the labor force in Iraq on the other hand.

This calls for the preparation of a comprehensive investment map covering various projects in all sectors of economic and technical projects, including the initial allows investors a wide range of differentiation and choice and the freedom to guide Rcamilam investment opportunities with remunerative returns.

Finally, some people may think that the political and security situation in Iraq is unstable and arrived at the conclusion that improper that is not necessary legislation calls for foreign investment law in Iraq, at least at the current stage on the basis that it is not expected to be the response mechanism on the part of investors (the Iraqis, Arabs and foreigners) and not take XIV Applied effective and efficient, was an attempt to attract investments are phased in nature and not permanent task government should give priority weighted Iraqi and sustainable in the country, which is still home and sectors of economic and wealth Bakra and investment opportunity available widely in it.


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Comments from a PhD of International Economics:
There are two conditions necessary for a country's currency to rebound after losing a war. The first is world support. This usually includes a commitment of rebuilding the country's infrastructure and forgiving their debt.

The second condition requires the country to have sufficient internal resources and the ability to put them into the market place. Iraq is the land between the two rivers and is renown to be the breadbasket of the Mid-east. They have large oil production ability and the world's largest untapped oil resources. Oil production is at its' peak with oil demand still growing at 4% annual worldwide. China and India's oil usage is growing at 10% annually. Any country that produces an oil surplus for export will have a large trade surplus. The demand for their currency to purchase the oil will escalate the value for their currency.

Keith Laggos, PhD.
President & Publisher
Network Marketing Business Journal

Central bank claims currency speculation at an end
ECONOMY REGIONAL
26 Apr 2007
The governor of the Central Bank of the UAE has said that revaluation of the dirham is a “dead issue”.


In addition to ruling out a revaluation of the dirham, Sultan Nasser al Suweidi said that he had assurances from Kuwait that it would continue with the dollar peg.


“They [Kuwait] will stay within their fluctuation band.” Suweidi added: “Kuwait will stick with all the other Gulf countries; we have assurances from the governor.”


Kuwait changed from pegging the dinar to a basket of currencies to a dollar peg in 2003, in anticipation of moving to a single GCC currency in 2010.


Following Oman’s announcement that it would not meet the 2010 goal there has been widespread speculation that others would also miss the deadline.


However, Suweidi said: “We will meet the 2010 deadline. The monetary union is going ahead as scheduled.”

Political first : Mr. Maliki dialogue morning on the plane from Muscat to Baghdad
28.04.07

Trying to clear the air with the Arabs and does not want to be a negative relationship with Iran

Baghdad-Sabah.
Prime Minister Nuri al-Maliki professor on the evolution of qualitative Iraq seeks to confirm in its relations with the Arab states, expressing hope for a return to Iraq to the Vanguard positive in all issues that concern the region in line with the interests of Iraq and the achievement of its political and economic development.

The President Maliki in a colleague's chief editor on board the plane belonging to the Baghdad delegation from Muscat Thursday afternoon yesterday - I-success of his visits to Egypt, Kuwait and Oman.

On the goals of the visit Professor Maliki to guide Iraq towards clearing the air with sisterly countries and erase the negative effects of outstanding policies of the dictatorial dead - and-buried and develop the relationship on the road to common interests and mutual benefit, many things remained governed by the remnants of the past have not been addressed by governments that preceded our government, and said :

I see them on the basis of stabilizing the foundations of the new relations, reconsider the political relations in accordance with the principle of cooperation in order to pass the brothers what is happening in Iraq because of some error or intentions away is not in line with the national agenda needed today in Iraq and thus are Stratigittena with our Arab State should like Iraq should have an effective role and added We want to overcome the tensions and Iraq will be part of the solution that we all contribute to provide positive climates also explained to them the true picture of what is happening in Iraq or the so-called Iranian interference, but I told them :

Please be negative attitude will be all wrong, we do not want to give nothing of the interests of our country and not go to anyone, we want Tejaozalhassassiat differences and Iraq can play the role of mediator in the affirmative, whether any differences with Iran or other neighboring countries of Iraq and Egypt pledged that it will play to clarify the picture of what is happening in Iraq.

As for the levels of support in the area of investment, the economy and expectations of the Sharm el-Sheikh role for the Arab States said Professor Maliki : We talked about work, investment and economic interests, and asked them to play a role in the forthcoming International Conference and made them stick to our constants national constitution and the democratic process and the political projects that reflect the desire of our people, some officials and businessmen spoke of the difficulties Ftitutena them overcome them and talk about the debt claimed by Kuwait, as well as awards said President al-Maliki :

We asked them to help Iraq on the subject of debt and O'dona they would put up the debt issue to the nation as promised that the debt reduction will be 80% either have proposed the formation of the compensation fund under the supervision of the United Nations deposited the compensation amounts should be invested in building a new Iraq has welcomed the idea and pledged to study and come up with results mutually satisfactory. In response to some media promoted from the flawed political relationship with Iran, the President noted that the positive and good relations with its neighbor Iran, and said :

Do not allow a negative relationship with them, stressing that Iraq is ready to be an active and positive bridge between Iran and other Arab countries, and that these ideas will show more during the coming tour, which will include Iran and a number of sisterly Arab countries.


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Originally Posted by Adster

Comments from a PhD of International Economics:
There are two conditions necessary for a country's currency to rebound after losing a war. The first is world support. This usually includes a commitment of rebuilding the country's infrastructure and forgiving their debt.

The second condition requires the country to have sufficient internal resources and the ability to put them into the market place. Iraq is the land between the two rivers and is renown to be the breadbasket of the Mid-east. They have large oil production ability and the world's largest untapped oil resources. Oil production is at its' peak with oil demand still growing at 4% annual worldwide. China and India's oil usage is growing at 10% annually. Any country that produces an oil surplus for export will have a large trade surplus. The demand for their currency to purchase the oil will escalate the value for their currency.

Keith Laggos, PhD.
President & Publisher
Network Marketing Business Journal

WOW! Those comments were made for Iraq's conditions! They are in the process of getting World Support and we all know they have sufficient internal resources to escalate the value of their currency! Bring on the R/V!!

Originally Posted by Adster

Comments from a PhD of International Economics:
There are two conditions necessary for a country's currency to rebound after losing a war. The first is world support. This usually includes a commitment of rebuilding the country's infrastructure and forgiving their debt.

The second condition requires the country to have sufficient internal resources and the ability to put them into the market place. Iraq is the land between the two rivers and is renown to be the breadbasket of the Mid-east. They have large oil production ability and the world's largest untapped oil resources. Oil production is at its' peak with oil demand still growing at 4% annual worldwide. China and India's oil usage is growing at 10% annually. Any country that produces an oil surplus for export will have a large trade surplus. The demand for their currency to purchase the oil will escalate the value for their currency.

Keith Laggos, PhD.
President & Publisher
Network Marketing Business Journal

Yeah, that sound very logical, however the factions ruling Iraq must get it together and stop being greedy by trying to usurp the lions share of the oil power for themselves. They must do what's best for the country and its people as a whole or I don't see how they will ever achieve their goals.

Saddly...the guy seems to be a big time scammer....have a look see...

scamming the SEC - Keith Laggos - Scamming the S.E.C.

WWSN Note: Keith Laggos, publisher of the NMBJ.com Network Marketing Business Journal (formerly known as "Money Makers Monthly"), was recently convicted by the S.E.C. for violations of the Securities Exchange Act of 1933. One of the charges included:

"...Laggos' Money Maker's Monthly published a laudatory article concerning TeleWrx in its July 2002 issue. The complaint alleges that Laggos was compensated by Converge and/or TeleWrx, in both stock and cash, for issuing the above-mentioned press releases and article."
S.E.C. Charges Against Keith Laggos
This has been Laggos' modus operandi all along - he represents his publication as a leading news and information source for the network marketing industry. Then he sells laudatory stories and reports under the headings of "Company of the Month", "Product of the Month", and so on, to anyone willing to pony up the cash. An earlier incident involving $25,000 is described in details here:
The Money Maker's Monthly Client List - A Police Line-up at the FTC
As you can see from the recently received e-mail printed below, the S.E.C. doesn't scare Keith Laggos for a second and he is still up to his same old tricks. Anyone got a phone number of a contact down at the S.E.C.?

Selling Influence on the Internet

Hello,
My name is [name withheld], I am the Vice President of [name withheld], an online MLM [service] provider. Our company (not knowing the NMBJ's reputation) recently inquired about advertising in the NMBJ. A Randy Duncan (with whom I was speaking on the phone) told me that the President of the magazine would like to meet with myself and my partners to discuss a strategic partnership. He wanted to offer integrated marketing solutions to his advertiser and have us generate him leads and provide an Autoresponder for them as well, all in exchange for $2000 a month in advertising. We agreed to meet with him here in our home state, as he was already coming here for vacation. That's when it all went sour. Keith Laggos was trying to sell us a LAUDATORY EDITORIAL called provider of the month for $10,000, BEFORE he would even allow us to sign any strategic partnership agreement. He needed to "build up our reputation before risking his". We sat out our meeting with our jaws clenched, and went home to do some research. The first thing I found was your site, followed by an S.E.C. report on Keith Laggos' PRIOR conviction, which detailed his being enjoined from ever violating Section 17(b) of the Securities act of 1933 again. Is that not what he was trying to do? What is this guy thinking?

U.S. Securities and Exchange Commission

LITIGATION RELEASE NO. 18887 / September 16, 2004

SEC CHARGES FLORIDA-BASED CONVERGE GLOBAL, INC. AND ITS CEO WITH FRAUD

SECURITIES AND EXCHANGE COMMISSION v. CONVERGE GLOBAL, INC. (United States District Court for the Southern District of Florida, No. 04-80841 (CIV-Middlebrooks) (D. So. Fla.)

The Commission announced that, on September 2, 2004, it filed a civil fraud action in federal district court in Florida against Converge Global, Inc., a Boca Raton-based telecommunications company, and Michael P. Brown, also of Boca Raton and its CEO. Also named in the action were TeleWrx, Inc., Converge's sole subsidiary, Jonathan G. Fink, of Los Angeles and a purported consultant to Converge and Keith B. Laggos, of Homer Glen, Illinois and the owner and publisher of Money Maker's Monthly, an Illinois-based magazine.
The Complaint alleges, among other things, that Converge and TeleWrx jointly issued a press release on Monday, June 24, 2002 which falsely claimed in the headline that, as the result of its recent weekend "national launch," TeleWrx had raised "over $1 million." The release also falsely claimed that, as a result of the weekend "launch," TeleWrx had signed up "nearly 1,000 distributors" (to distribute its telecommunications equipment). The Complaint further alleges that Brown and Fink were responsible for drafting and issuing the false June 24 press release. The Complaint also alleges that, on Tuesday, June 25, Laggos' Money Maker's Monthly issued a press release with the headline "TeleWrx Explosive Launch May Set New Records" and reiterating the $1 million figure used in the June 24 press release. The June 25 release went on to note that "[t]here have been companies in the network marketing industry that have reached a billion dollars faster than Microsoft. TeleWrx is destined to be one of these companies." The June 25 release also predicted that "[b]y the end of its first year, it will be a surprise if TeleWrx is not operating at a hundred million dollar annual rate. In fact it is quite possible that TeleWrx will reach the billion dollar rate within the first three years." Fifteen days earlier, on June 10, Laggos' Money Maker's Monthly had issued another laudatory press release concerning TeleWrx. Finally, Laggos' Money Maker's Monthly published a laudatory article concerning TeleWrx in its July 2002 issue. The Complaint alleges that Laggos was compensated by Converge and/or TeleWrx, in both stock and cash, for issuing the above-mentioned press releases and article. Laggos failed to disclose said compensation in any of the aforementioned publications.
As a result of the conduct described in the Complaint, the Commission has charged Converge, TeleWrx, Brown and Fink with violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder (antifraud provisions) and Laggos with violations of Section 17(b) of the Securities Act of 1933 (touting provision). The Commission's Complaint seeks: permanent injunctions and civil monetary penalties against all of the proposed defendants; disgorgement against Laggos; penny stock bars against Brown, Fink and Laggos; and an officer and director bar against Brown. The matter has been assigned to the Honorable Donald M. Middlebrooks, District Court Judge.

Converge Global, Inc. : Lit. Rel. No. 18887 / September 16, 2004


Wonder if he knows Dannydinar???