Thread: Iraq/Dinar News until 5/23/07 Midnight CST

Originally Posted by RfxLady

That particular link was NOT underlined which means they either forgot to make the link active or there really isn't a link cause they don't want us knowing any more about the meeting. All the other links are underlined and work.

this was my point exactly.

Originally Posted by Hkp

KRG vows to block oil law
22 May 2007 (Arabian Business)

The Kurdistan Regional Government (KRG) will block the draft hydrocarbons law in parliament, raising the stakes in a row with the Baghdad government over control of Iraq's oil reserves.
Ashti Hawrami, the KRG's minister of natural resources, criticised the Federal Government for attempting to give an ‘unaccountable' Iraq national oil company, INOC, almost 93% of Iraq's proven reserves. He said the annexes, which form part of the law, would wrest oilfields from regional powers.
"This will deter foreign oil companies from investing in the country's oil sector," said Eamad Mazouri, the KRG's general representative in the UAE. "Iraq has agreed on a federal state. You cannot have a federal government, while issuing centralised powers."
The threat to fight the bill in national parliament comes just days after the country's oil ministry warned regions against signing contracts until the law is passed. But the KRG said it will continue to negotiate production-sharing agreements with international investors.
"The oil industry does not fall under the exclusive powers of the federal government," added Mazouri. "We believe Baghdad is acting unreasonably in this regard."
The draft law, which the US sees as a key step towards reconciling Iraq's sectarian violence, is vital to boosting output and rebuilding its infrastructure. But the law cannot be passed without the KRG's support, which Baghdad will not have until the Constitution of Iraq is honoured.
At a recent conference in Dubai, officials from the Federal Government said that none of the oil fields to be given to INOC will be open to investment from outside Iraq.
"Iraq does not have the resources, expertise or technology to establish a national oil company," said Mazouri. "It will take years to build the company and Iraq needs oil revenues immediately to reinstate infrastructure and provide basic services to its people. The country needs foreign participation to move forward."

KRG vows to block oil law | Iraq Updates

the only problem with IRAQ UPDATES articles is they were taken from other papers and sometimes are 2 weeks old. please note this when reading and posting these articles.

HEH??

The statement said Ziralamalih Jabr Zubaidi that "140 billion dollars of debt Iraq owes has been blowing out so far." %".Zubaidi added that "this process firefighters were in the light of the agreement signed between the Iraqi government and the International Monetary Fund, which promised to help Iraq reduce the ratio of debt repaid from 100% to 20%."

% ".Zubaidi praised the role played by some countries in the process of helping Iraq and the search for extinguishing debt, explaining that "he was extinguishing Iraq's debt of 45 state rates ranging Between 100% 80%". ما الى" .Pointing out that "Saudi Arabia has promised to extinguish 80% of Iraq's debt, as well as China, which have demonstrated their commitment to the rules of the Paris Club."

Now does this actually mean debt is forgiven??

..:: æßÇáÉ ÃäÈÜÜÜÜÜÜÜÜÜÜÜÜÜÜÜÇÁ ÈÑÇËÇ ::..

Originally Posted by PAn8tv

YES!!! Awesome find this has just gotta make you smile and do one of these and maybe one of these and of couse this

it was posted yesterday and i highlighted almost exactly the same points.

I just noticed this on the WTO calendar.......The Marshall Plan: Lessons Learned Applicable to the 21st Century, 60th anniversary symposium celebration
June 12-13

In Paris, why would they discuss this unless they are contemplating it for certain countries? Ok, am i reading too much into it?? Tell me straight i can take it....i just found it curious

Manila leads emerging markets’ advance

By Peter Garnham
Published: May 22 2007 12:01 | Last updated: May 22 2007 18:57

The Philippine peso jumped to its highest level for nearly seven years against the dollar Tuesday as stocks in Manila hit a record peak.
Analysts said the move was sparked by comments from Gloria Arroyo, the Philippine president, who said the currency’s strength was keeping inflation low and added that she looked forward to “many more unheard of highs” in financial markets.
Marc Chandler, global head of currency strategy at Brown Brothers Harriman, said talk in the market suggested that the Philippine central bank had withdrawn its dollar bids to allow the peso to rise. “The president’s comments endorsing the peso’s strength were a green light to buy more,” he said.
The peso, which has risen 6.9 per cent against the dollar so far this year, rose 1 per cent to a high of 45.835 pesos, the first time it has risen through the 46 pesos level since September 2000 and its largest one-day gain since March 2003.
Elsewhere, other emerging currencies continued to perform well, with the Brazilian real, Indonesian rupiah and Turkish lira all hovering near multi-year highs against the dollar.
Jens Nordvig at Goldman Sachs said the performance of emerging market currencies was impressive given that the dollar had staged a mini-recovery since the beginning of the week against the world’s major currencies. Indeed, the dollar held on to its gains Tuesday, staying near six-week highs against the euro and sterling and a three-month peak against the yen.
By midday in New York, the dollar was 0.1 per cent higher at $1.3460 against the euro, down 0.1 per cent at $1.9730 against the pound and little changed at Y121.40 against the yen.
Mr Nordvig said the dollar’s strength was surprising in the light of the weekend’s news that Kuwait was abandoning its dollar peg and given the ongoing focus on the renminbi as the US and China began talks in Washington.
He said the dollar’s recovery might simply reflect the fact that long-dated interest rate differentials had widened slightly in favour of the US currency in the last week but added that a number of medium-term factors still pointed to dollar weakness.
“We think China is in the process of speeding up the pace of renminbi appreciation,” said Mr Nordvig.
“In addition, Kuwait’s move may signal that oil exporting countries, which have previously been lagging in the dollar weakening trend, may now also start to participate.”
Meanwhile, the yen stabilised against the euro, rising 0.2 per cent to Y163.30 after falling to a series of fresh record lows in recent sessions.
Ashraf Laidi, currency strategist at CMC Markets, said any extension of yen weakness could depend on the outcome of the talks between the US and China.

Copyright The Financial Times Limited 2007
FT.com / MARKETS / Currencies - Manila leads emerging markets’ advance

Agreement imminent on Iraq funding bill
Plan to include benchmarks, reports from Bush and no timetables

BREAKING NEWS

Updated: 41 minutes ago
WASHINGTON - Flinching in the face of a veto threat, Democratic congressional leaders neared agreement with the Bush administration Tuesday on legislation to pay for the Iraq war without setting a timeline for troop withdrawal.

Agreement imminent on Iraq funding bill - Politics - MSNBC.com

Originally Posted by Din Diesel

Manila leads emerging markets’ advance

By Peter Garnham
Published: May 22 2007 12:01 | Last updated: May 22 2007 18:57

The Philippine peso jumped to its highest level for nearly seven years against the dollar Tuesday as stocks in Manila hit a record peak.
Analysts said the move was sparked by comments from Gloria Arroyo, the Philippine president, who said the currency’s strength was keeping inflation low and added that she looked forward to “many more unheard of highs” in financial markets.
Marc Chandler, global head of currency strategy at Brown Brothers Harriman, said talk in the market suggested that the Philippine central bank had withdrawn its dollar bids to allow the peso to rise. “The president’s comments endorsing the peso’s strength were a green light to buy more,” he said.
The peso, which has risen 6.9 per cent against the dollar so far this year, rose 1 per cent to a high of 45.835 pesos, the first time it has risen through the 46 pesos level since September 2000 and its largest one-day gain since March 2003.
Elsewhere, other emerging currencies continued to perform well, with the Brazilian real, Indonesian rupiah and Turkish lira all hovering near multi-year highs against the dollar.
Jens Nordvig at Goldman Sachs said the performance of emerging market currencies was impressive given that the dollar had staged a mini-recovery since the beginning of the week against the world’s major currencies. Indeed, the dollar held on to its gains Tuesday, staying near six-week highs against the euro and sterling and a three-month peak against the yen.
By midday in New York, the dollar was 0.1 per cent higher at $1.3460 against the euro, down 0.1 per cent at $1.9730 against the pound and little changed at Y121.40 against the yen.
Mr Nordvig said the dollar’s strength was surprising in the light of the weekend’s news that Kuwait was abandoning its dollar peg and given the ongoing focus on the renminbi as the US and China began talks in Washington.
He said the dollar’s recovery might simply reflect the fact that long-dated interest rate differentials had widened slightly in favour of the US currency in the last week but added that a number of medium-term factors still pointed to dollar weakness.
“We think China is in the process of speeding up the pace of renminbi appreciation,” said Mr Nordvig.
“In addition, Kuwait’s move may signal that oil exporting countries, which have previously been lagging in the dollar weakening trend, may now also start to participate.”
Meanwhile, the yen stabilised against the euro, rising 0.2 per cent to Y163.30 after falling to a series of fresh record lows in recent sessions.
Ashraf Laidi, currency strategist at CMC Markets, said any extension of yen weakness could depend on the outcome of the talks between the US and China.

Copyright The Financial Times Limited 2007
FT.com / MARKETS / Currencies - Manila leads emerging markets’ advance

OSW is gonna get a thrill out of this article.

if they cant agree on the hcl, does that mean another delay on rv?

It's gona pass this next week !!!!


راقيةStart enlarged meeting between the delegation and the Iraqi government Kurdstan

(صوت العراق) - 22-05-2007(Voice of Iraq) - 22-05-2007
ارسل هذا الموضوع لصديقSend this topic to a friend

.Iraqi Prime Minister Nuri al-Maliki, this morning, Mr. Najirfan Barzani, head of government territory Kurdstan.
.And then began an expanded presence of the ministers of oil and finance between the Iraqi delegation and the Iraqi government Kurdstan.
.It is noteworthy that the head of government territory Kurdstan who heads the delegation of political and administrative Kurdstan found several days ago in Baghdad to discuss a number of issues, including oil and natural wealth and permanent Iraqi constitution addition to a number of political and administrative matters.

Following a meeting with Iraqi Prime Minister Nuri al-Maliki, head of the territorial government of Kurdstan, Mr. Najirfan Barzani told reporters that the delegation territory Kurdstan visiting Baghdad to coincide with the year before the formation of the Iraqi government headed by Maliki and congratulated the occasion. The added Mr. Barzani they Nigervan : "touched during their meeting with al-Maliki to the law and the distribution of oil revenues as well as a number of other issues. We have established joint committees to resolve outstanding issues ". The President of the territorial government expressed optimism resolving those issues.

.In his statements, through Mr. Barzani expressed Najirfan supporting the government of the territory Kurdstan Maliki government.

In another part of his statements, Mr. Barzani Nigervan Kurdstan doors that open to tourists coming from other parts of Iraq, especially with the start of the tourist season in Kurdstan, head of the territorial government rejected any obstacles illegal obstacle to that.

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