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

Adster as always the voice of reason. Thanks for the info my friend.

Indeed Ward, I felt very fortunate to have found this forum when I did. My friend Din Diesel and I were hooked on this investment from the moment we were introduced to it, and now we have a support staff, and encouragement from a huge number of investors with the levels of knowledge that would stagger any professor in the world. We are in awe of the committment and dedication to this venture and we will be there to the very end and beyond.

T

It seems that in your gut you have a feel that we won't see a RV going into the ICI...is this because we have let to see the Parliament put this issue of the oil law on the front burner little alone vote on it? Or are you re-reading the information from the past several weeks differently? Or why do you seem to not think we will have a rV going into the ICI...what's the key factor here?

Please don't think that I'm trying to be a smart*** but, you had till now seemed to be very postive and supportive of a quick RV before the ICI and I was very interested in why or what is giving you second thoughts or is it just tiredness of the wait?

I can tell for your last several posts that you are having a change of mind about the current series of events that were to lead us to an RV this Sunday...Please fill us in and what you observe and as to what is out of place...as we have grown to trust your opinion and your insight...

TIA

Fred

Kuwait Times - The first daily in the arabian Gulf

Arabs, Iraqis at odds before Egypt summit
Published Date: April 26, 2007

CAIRO/KUWAIT: Arab countries are demanding that Iraq do more to reach out to disgruntled Sunni Arabs before pledging any substantial aid to the troubled country, according to a document obtained by AP before a key US-backed summit. The stance, and the festering tensions between Iraq and its neighbours, are complicating the US and Iraqi goal of rounding up strong support, including forgiveness of Iraq's huge debts, before next week's summit in Egypt. Iraq's prime minister, on a Mideast tour, said this week that his country would not tolerate other Arab countries setting conditions on Iraq. He also accused some Arab countries of still harbouring extremists who infiltrate Iraq to launch attacks.

"We welcome consultations but we won't accept conditions or dictation," Prime Minister Nouri Al-Maliki said Monday in an interview with a group of journalists, including AP. But according to the draft document at the summit's core, the size and form of international aid to Iraq would be contingent on the Iraqi government's success at reaching certain benchmarks. "The initiative is based on the pledge of the Iraqi government to implement a patch of political, security and economic commitments," states the document. "The size and the form of the international aid will be decided according to these (steps)."

In Kuwait, Al-Maliki said yesterday he hoped Iran would attend the meeting. Iran, which attended a previous neighbours' conference in Baghdad in March, has said it would decide after talks this week with Iraqi Foreign Minister Hoshiyar Zebari whether it would attend the conference in the Red Sea resort of Sharm El-Sheikh. "I hope Iran gives up its reservations," Al-Maliki told reporters at the end of a two-day visit to Kuwait before leaving for Oman. "Zebari will visit Iran for the purpose of solving some of these problems which may be the cause (of their reservations) and I am optimistic about their attendance." "We will announce our point of view regarding attending the ... meeting soon," Iranian Foreign Minister Manouchehr Mottaki said during a joint news conference with Zebari after talks in Tehran.

The conference in Sharm El-Sheikh is a follow-up to a meeting held in Baghdad in March. A ministerial meeting follows the next day involving Iraq and its neighbours, mainly on security, borders, refugees and how to restore peace and stability in the area. "We hope for support from these two conferences for the political, democratic and electoral processes in Iraq and we hope for support to combat terrorism in Iraq which we believe is not restricted to Iraq's borders," Al-Maliki said.

Arab diplomats, speaking on condition of anonymity because of the sensitivity of the talks, said Al-Maliki had been told during his travels that Arab countries would link their support to a package of demands before they gave substantial help to his government. US officials would not comment on the document, but Hisham El-Naqib, Egypt's foreign ministry spokesman, whose country helped draft it, said there were disagreements over what it should say. Key participants were meeting to try to resolve them, he said.

In a sign of the differences, Saudi Arabia's king snubbed Al-Maliki on his tour of Arab countries. The kingdom told Al-Maliki before the tour started that King Abdullah's schedule did not have room for a meeting, so Saudi Arabia was not included in the tour, Iraqi officials said. A Saudi official said the reason was Al-Maliki's "negative stand toward Sunni Muslims in Iraq and because he has strengthened Iran's position inside Iraq." The officials spoke on condition of anonymity because of the sensitivity of the issue.

The key issue for Arab countries is greater Iraqi government outreach to disgruntled Sunnis in Iraq. The Sunni-led governments of the Arab world have long been suspicious of Iraq's new Shiite leadership, blaming it for fuelling violence by discriminating against Sunnis. They also accuse Al-Maliki's government of helping Shiite Iran extend its influence in the Middle East. At a meeting last month in Saudi Arabia, Arab states demanded Iraq change its constitution and its military to include more Sunnis and end the program that uprooted former members of Saddam Hussein's regime.

In June, Al-Maliki announced a national reconciliation programme that offers amnesty to members of the Sunni-led insurgency who are not involved in "terrorist activities," and amends a law that had removed senior members of Saddam's Baath Party from their jobs. But Arab countries have called those steps incomplete and not implemented. Armed Sunni groups in Iraq and some insurgent groups have said they would not join any Iraqi political process until the current Al-Maliki government falls. Other signs of Arab-Iraqi tension have arisen as the summit nears.

Iraqi officials say Saudi Arabia has agreed to write off a large portion of Iraq's debt to it. But Kuwait, one of Iraq's key indebters, has been unable to muster the support in its parliament to agree to an Al-Maliki request to forgive Iraq's $15bn debt. Al-Maliki's claim that Arab countries are harbouring extremists is another point of tension. In the interview Monday, he did not publicly name the countries he accuses of harbouring terrorists. But during private meetings Sunday evening, Al-Maliki had an argument with Syria's representative at the Arab League, in which he accused Syria of "supporting killers", according to an AP reporter who witnessed the incident.

The Syrian official retorted that countries in the region were worried about the presence of 150,000 US troops in Iraq, and said those killing Iraqi intellectuals in militant attacks are "not Al-Qaeda but other political sides". The debate over the summit document comes at a time when the United States also has set firm benchmarks that it insists Al-Maliki's government must meet. During a visit to Baghdad last week, US Defence Secretary Robert Gates urged Iraqi leaders to end sectarian conflict and warned that American troops would not stay on indefinitely if no progress is made.

The State Department's top Iraq spe******t, David Satterfield, has been travelling in the Mideast this week also, sometimes in the same countries where Al-Maliki is touring, to press for debt relief and other support. The first day of the May 3-4 conference, attended by a wide range of governments and groups involved in Iraq, is designed to officially launch an International Compact with Iraq - a five-year plan aimed at strengthening the role of international organisations to stabilise the country's politics and economy. The second day's meetings will be attended by Iraq's neighbours and the five permanent members of the UN Security Council - the United States, Russia, China, France and Britain. - AP

Chairman of the occupation fourth order to repay their debts, which prevent Iraq from participating in international forums

بغداد - واعBaghdad - WAI

A statement issued today by the Chairman of the occupation fourth Nuri Kamal al-Maliki on the need to restore Iraq's role in international forums decent regional and international and Arabic.

The statement is that all ministers should pave the way for Iraq's return to active participation in all international and regional bodies and Arab Betty left in the era of the former regime.

.Ordered to pay debt and financial receivables, which prevent Iraq's participation in these forums and at all levels of political, economic and cultural, artistic, sports and other fields.

Originally Posted by fredgwest1999

It seems that in your gut you have a feel that we won't see a RV going into the ICI...is this because we have let to see the Parliament put this issue of the oil law on the front burner little alone vote on it? Or are you re-reading the information from the past several weeks differently? Or why do you seem to not think we will have a rV going into the ICI...what's the key factor here?

Please don't think that I'm trying to be a smart*** but, you had till now seemed to be very postive and supportive of a quick RV before the ICI and I was very interested in why or what is giving you second thoughts or is it just tiredness of the wait?

I can tell for your last several posts that you are having a change of mind about the current series of events that were to lead us to an RV this Sunday...Please fill us in and what you observe and as to what is out of place...as we have grown to trust your opinion and your insight...

TIA

Fred

Not sure if you are directing this question to me but there is always that slight hestation. Heck we all thought we would be enjoying sunsets on an exotic beach by now. From experience we know delay is their middle name and therfore a key factor.

Yet I was thinking just as you posted back to the Paynes posts of the ICI being the modern day Marshall plan. Using that as the example I conclude the ICI signing is a key moment along with and article IV finalization [maybe mid May if the report is true. Though some report it's already complete] I would wager the RV to happen very near the ICI signing [ would not surprise me if not on the day]. I feel more comfortable with a May timeframe if only because of the delay factor. Without an inside source I do not think anyone nail it down to an exact day. But we know we are near. It was the mention of article four discussions that convinced me.

CBI participates in first Iraqi Banking and Finance Conference

CBI participates in first Iraqi Banking and Finance Conference
AME Info - [24/04/2007]

CBI, Commercial Bank International participated in the first Iraqi Banking and Finance Conference which took place in Amman, Jordan.

The conference which took stock of the developments in the Iraqi banking industry post April 2003, was a good opportunity for CBI to gain an excellent understanding of banks in Iraq, especially those in the private sector. The Bank also made use of its presence in Jordan by visiting some their Jordan-based clients in order to strengthen the relationship with them and had the chance to meet with potential clients.

The Iraqi Banking and Finance Conference also addressed issues facing the development of banking and explored the prospects and modalities of building a vibrant banking industry in Iraq. Among those who attended were representatives from the Ministry of Finance, Central Bank of Iraq, other Government of Iraq entities, regional regulators, Iraq private and state owned banks, regional and international banking groups, non-bank financial institutions, bank training organisations, international donors and selected international banking experts. This made it the ideal forum for CBI to approach some Iraqi banks, with a view to establishing new relationships with them.

Commenting on their participation in this important conference, Mr. Mohammad Saadeh, Head of Corporate Banking Group at CBI said:

'The Iraqi Banking and Finance Conference was an excellent forum for us to widen our global knowledge base on banking and banking practices in another country. We have had the opportunity to meet with some top banking officials in Iraqi banks and we hope that this will be the start of creating some fruitful business relationships for the future. The conference has been very eye-opening and incredibly informative. What we have learnt will go a long way towards helping CBI achieve greater expansion.'

CBI is a customer-centric bank that has made tremendous progress in the retail banking segment over the last year. The bank also offers securities and trading services and has a comprehensive real estate finance management subsidiary.

54 States reduce its debts on Iraq

54 States reduce its debts on Iraq
Translated by IRAQdirectory.com - [18/04/2007]

The Ministry of Finance said that the number of countries that have reduced their debt on Iraq hit 54 states, and the government is continuing its efforts to reduce the remaining debt and hopes to reduce some of its debt to the rate of 100%, while the Adviser of the Prime Minister for Economic Affairs, Kamal Al-Basri, said the Paris Club settlement stipulated stopping the State’s subsidy to a number of sectors and activities in order to drop 80% of Iraq's debt.

The Ministry of Finance noted that the follow-up efforts of the Ministry will continue in order to cancel the debts of Iraq once and for all to promote the economic reality of the country and ensure a decent life for all its citizens; the Ministry was working to repatriate funds, especially those funds and real estates stolen by the former regime and his followers and smuggled outside the country, as well as following-up Iraq's dues for loans granted to some countries where the Iraqi Fund for Foreign Development is following-up Iraq’s debts and their benefits according to time periods.

Adviser of the Prime Minister for Economic Affairs said that there is a plan to compensate the current ration card with cash and provide a competitive market for supply materials; the plan will be implemented in three provinces: Dahuk, Samawah and Hillah, where the amount of compensation will be $ 10 per person, since the volume of the State’s expenditure, the big deficit in its budget and the total amount of the government’s subsidy has become a major burden on the State’s budget and its economic growth.
As for the oil and gas law, he said that the structure of law consists of the Oil Ministry, the Federal Council and the Provinces Body, and these three official quarters are under the control of the Cabinet; the law gives the State the central planning and putting the oil policy of the country while it leaves the provinces the freedom of implementing and applying those plans and policies. He continued that Iraq needs 200 billion dollars for reconstruction, and this amount can only be provided after 20 years if the National Oil Company were able to maintain the production of three million barrels per day.

Originally Posted by fredgwest1999

It seems that in your gut you have a feel that we won't see a RV going into the ICI...is this because we have let to see the Parliament put this issue of the oil law on the front burner little alone vote on it? Or are you re-reading the information from the past several weeks differently? Or why do you seem to not think we will have a rV going into the ICI...what's the key factor here?

Please don't think that I'm trying to be a smart*** but, you had till now seemed to be very postive and supportive of a quick RV before the ICI and I was very interested in why or what is giving you second thoughts or is it just tiredness of the wait?

I can tell for your last several posts that you are having a change of mind about the current series of events that were to lead us to an RV this Sunday...Please fill us in and what you observe and as to what is out of place...as we have grown to trust your opinion and your insight...

TIA

Fred

Fred,

My interpretation and feeling was and still is a reval would only happen before the IC providing the HCL had been passed. At this point I do not believe it has been despite what some have said. Mainly because of this I feel they will wait until after the IC and do it before the Oil Summit with a completely passed HCL. Article IV meeting also comes into play in Mid May. Hope am wrong, just feel the trigger we are looking for is a passed HCL.

Either way we'll know inside a week, we are indeed coming to a head from now until the end of May.

Originally Posted by wciappetta

Not sure if you are directing this question to me but there is always that slight hestation. Heck we all thought we would be enjoying sunsets on an exotic beach by now. From experience we know delay is their middle name and therfore a key factor.

Yet I was thinking just as you posted back to the Paynes posts of the ICI being the modern day Marshall plan. Using that as the example I conclude the ICI signing is a key moment along with and article IV finalization [maybe mid May if the report is true. Though some report it's already complete] I would wager the RV to happen very near the ICI signing [ would not surprise me if not on the day]. I feel more comfortable with a May timeframe if only because of the delay factor. Without an inside source I do not think anyone nail it down to an exact day. But we know we are near. It was the mention of article four discussions that convinced me.

the exact reasoning behind my thoughts of between now and the 3rd if not on that day. 5 more days in the middle east!!