Thread: Iraq/Dinar Until June 9th 1PM CST

Hi, what are they playing at, up and down from 1260 to 1259 what is the benifite of doing that, this time they only held it at 1259 for one day, we have been at this situation for several days. it is like standing on a ledge saying shall I jump or not, one step forward one step back. If they are trying to confuse us then they are certainly winning. If this thing was supposed to have been signed off nearly 2 weeks ago then they are certainly going at a snails pace to get there. In the other thread it argues for a slow revalue I cannot see that as we have all the various issues to take into account foreign investment, HCL, paying their people their pensions etc, this cannot happen with a slow revalue and anyway we have been seeing one in that its been over three years since the the new currency was introduced. What do you all think?. Plus the fact if they still continue to withdraw the currency at the rate they have been doing there wont be that much left.

Preparations and extensive preparations are underway to hold the conference calendar for the performance of banks for the current year

Luna / 6-5 / Baghdad / The Executive Director of the Association of Banks Iraqi Special Abdelaziz Alhasson that preparations and extensive preparations are underway to hold the conference calendar for the performance of banks for the current year and to discuss the challenges faced in light of the new changes and economic reforms required, in line with the reality stage experienced by the country.
And added that the banking performance is below the required level despite the announcement of the results fantastic achievement profits rewarding unrealistic because banks will cover losses if adopted, the reports said the real need to discuss legal texts Central Bank and Iraqi banks that the way it was translated by these laws still needed to review and complete some shortcomings.
He alluded to the difficulties faced by the Iraqi banks for the debt due to the debtors paid pointing me that the conference will contribute to supporting and enhancing the role of ASEAN through material support and moral support so that they can perform tasks at the bank and before the sectoral supervised as a civil society civil specialized economic affairs / / completed / p u / u p / economic.

Translated version of http://www.wna-news.com/inanews/news.php?item.4330.5

Vice President renews call for activating the role of the Arab League in Iraq

Luna / 6-5 / Cairo / new Tariq Hashemi, Vice President of the Republic invited to activate the role of the Arab League in the framework of the project of reconciliation and national concord.
This came in an exhibition of sovereignty on the evening of yesterday, Monday, with Dr. Amre Moussa, Secretary General of the League of Arab States.

Sovereignty also also met the Prime Minister of the Arab Republic of Egypt, Dr. Ahmed Nazif.
It was engaged in a dialogue between the parties constructive and useful undertaking which a Prime Minister develop the full potential of Egypt in the service of the unity, security and stability of Iraq.
Meanwhile the price of the Vice-President's position Egyptian government and people expressed his high appreciation and affirming at the same time that Iraq's doors are open to our Arab brothers in the field of reconstruction and development and that the security situation should not hinder investment operations. / / Completed / p u / u p / Presidency of the Republic.

Translated version of http://www.wna-news.com/inanews/news.php?item.4330.5

Contracts at 86 billion dinars to implement projects Gaza buildings

(صوت العراق) - 05-06-2007

(Voice of Iraq) - 05-06-2007

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Contracts at 86 billion dinars to implement projects Gaza public buildings

Baghdad-file Press

Concluded the Public Authority for buildings, a reorganization of the Ministry of Construction and Housing, contracts total cost amounted to 86 billion dinars to implement a number of projects public buildings in Baghdad and the governorates within the investment plan for 2007.

And the implementation of these projects include building of the Housing Fund in Baghdad, a building for the reconstruction and engineering services for the establishment of the headquarters of the ministry in the governorates (Wasit, Najaf, Diyala, Nineveh, Kirkuk, Maysan) and the development of the border in Safwan and Basra compound Trebil border, and also the implementation of complementary work to the headquarters of the two-Mansour and staying, and the establishment of many of the border posts and buildings Alcetarat Central, in addition to many of the buildings spe******t, and including Traffic Training Center in Baghdad.

And it is noteworthy that the Ministry of Construction and Housing, through the Public Authority for buildings implementation and supervision on projects public buildings in all governorates, which are within the ministry's plan and has annual Cadres engineering and technical efficient in the application of approved specifications and better management of construction projects.

Source : Press file

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

Kuwaiti partners seek to integrate shares Stock Exchange

(صوت العراق) - 04-06-2007

(Voice of Iraq) - 04-06-2007

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Kuwaiti spouse seeks to include shares in the bourse 7-9

KUWAIT (Reuters) - Kuwaiti company said Qurain Petrochemicals Sunday that she hopes the inclusion of shares on the Stock Exchange IX of July or so, after three and a half years of the largest initial public bid process in Kuwait.

The company sold 990 million shares valued at 99 million Kuwaiti dinars (343.4 million dollars) in 2004.

Walid sparrow Director General of the spouse in a statement to Reuters said that his company hopes to register shares Stock Exchange in the first half of July after removing the last obstacles to approval of the securities market.

He added "we hope that the arrow fro freely in the stock market on the 9th of July."

The initial public offering in 2004 only to Kuwaitis. And the parent company retained a company petrochemical industries of KPC's share of ten%.

The spouse used the funds to invest in companies such as petrochemicals Aikhuet Company for Petrochemicals, a joint venture between the company billions of dollars petrochemical industries, Dow Chemical Company, based in the United States.

(Dollar equals 0.2883 KD)

Olaf of the Ising

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

Sterling recorded the highest level against the yen in 15 years

(صوت العراق) - 04-06-2007

(Voice of Iraq) - 04-06-2007

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London (Reuters) - sterling record its highest level in nearly 15 years against the yen on Monday in the direction of borrowing low-interest Japanese currency to invest in assets with a higher return.

Sterling continued strength against the dollar before the meeting of the monetary policy of the Central Bank of England this week.

.

He expected most economists surveyed by Reuters that the bank keep interest rates unchanged on Thursday and expect a small number raise interest rates.

Struggling against the yen and, in general, the dollar is approaching the highest level in the corresponding four and a half years surpassing the level of 122 yen much.

By 0749 hours GMT sterling rose to 242.28 yen, the highest level since September September 1992.

Sterling increased 0.10% against the American currency to 1.9838 dollars while the euro fell 0.1% to 67.75 pence.

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

Zoellick in a tour to drum up support for his presidency of the World Bank

(صوت العراق) - 05-06-2007

(Voice of Iraq) - 05-06-2007

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WASHINGTON (Reuters) - As Robert Zoellick candidate President George W. Bush to assume the presidency of the World Bank on Monday include a tour of Africa, Europe and Latin America to drum up support for his position and said that he wanted to hear directly from the government about its priorities on development.

Zoellick said the former Deputy Minister of Foreign Affairs of the American journalists in contact before leaving for Ghana first visits in Africa "will spare no effort to show Jaddetti to communicate with them and hear their views."

The tour will include discussions in Ghana, Ethiopia and South Africa on the needs of the poorest clients World Bank and Europe with the largest financiers of the World in Mexico and Brazil, which represent emerging economic forces.

It is likely to confirm the appointment of Zoellick who also took the post of the American trade representative in office this month. It has received for its role in world trade talks, as Washington warned of the humanitarian crisis in Darfur and to relations with China.

He will succeed Paul Delegations who was a prominent official in the Bush successive administrations and was the main architect behind the Iraq war, who resigned last month amid a scandal relating to the ethics of the profession because of agreeing to upgrade his girlfriend working with the salary increase.

So far Zoellick is the sole candidate for the position, and it is unlikely that rivaled one despite the fact that there is a deadline on June 15 June to provide any other candidate and pressure by some States Alenameh to open the process of selecting the President of the World to non-Americans.

It is customary to the United States to choose the President of the World Bank under the tacit agreement with Europe that choose to head the International Monetary Fund.

By Leslie Routon

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

CBI has annonnced holding board of director's meeting on Wednesday Jun
06,2007 at 10:30 AM

http://portal.adsm.ae/wps/portal/!ut/p/.cmd/cs/.ce/7_0_A/.s/7_0_GS/_s.7_
0_A/7_0_GS

Iraq to issue new oil lawMENAFN - 04/06/2007


(MENAFN) The General-Director for Iraq's Ministry of Oil stated that the minister anticipates that the country's new oil law will be passed by the Iraqi parliament within the next two months, Iraq Directory reported.

He also went on to say that after the validation of the oil law, Iraqi officials are looking to auction up to fifteen percent of the nation's oil and gas land resources and that the minister has recently visited India to draw investors to Iraq's oil sector.

It is worth mentioning that the most significant factor in the issuance of the country's oil law is the allocation of Iraq's oil profits among the country's diverse factions.

MENAFN - Middle East North Africa . Financial Network News: Iraq to issue new oil law

Originally Posted by breakeven

CBI has annonnced holding board of director's meeting on Wednesday Jun
06,2007 at 10:30 AM

http://portal.adsm.ae/wps/portal/!ut/p/.cmd/cs/.ce/7_0_A/.s/7_0_GS/_s.7_
0_A/7_0_GS

As far as I can see, CBI on Abu Dhabi Securities Market website stands for Commercial Bank International.