Thread: Archive Latest News - Dinar Think Tank - 27/08/08 - 15/01/09

Iraq and Kuwait to discuss the compensation issue on the sidelines of the economic conference, the end of the month

Labeed M. Abbawi, however, assured the Undersecretary of the Ministry of Foreign Affairs that Iraq will attend the economic summit to be held in Kuwait on 19 and 20 of this month, which will be at the level of kings and presidents.

Labeed M. Abbawi said that Iraq take advantage of the opportunity to attend the first Arab economic summit in Kuwait next week to open the file of the bilateral relationship between the two countries.

Labeed M. Abbawi said that Iraq and Kuwait to discuss all the files and the common issues between the parties.

Labeed M. Abbawi, and criticized the refusal of the Kuwaiti-Iraqi repeated requests to cancel the remaining debt, and said that Iraq has repeatedly asked Kuwait to consider the issue of compensation on a bilateral basis but Kuwait insists on referring the issue to the Security Council.

The Under-Secretary, Ministry of Foreign Affairs that Iraq was seeking to reduce the proportion of compensation of five percent of the oil Mdjulath to one percent.

On the economic summit, he pointed out that it Lubaid Abbawi the first of its kind in the region is to strengthen economic cooperation between the Arab countries, adding that Iraq will be a large delegation, headed by President of the Republic, and the membership of a number of ministers concerned, including the ministers of foreign affairs, finance, trade and oil, in addition to a number of experts.

Labeed M. Abbawi said that the summit will deal with the establishment of a customs union and a card that allows the investor the movement of businessmen between the Arab states, expressing his hope that the Conference will address economic and financial issues, especially in light of the global financial crisis.

Labeed M. Abbawi said that Iraq will participate in the meetings of ministers of trade and finance as well, pointing out that the conference represents an opportunity to identify the Arab cooperation and coordination in all these issues.

http://translate.google.com/translat...px%3Fid%3D8066

Lower demand for the dollar in CBI’s auction

Demand for the dollar went down in the Central Bank of Iraq’s (CBI) auction on Tuesday, registering at $239.465 million, compared to $328.865 million in the previous session.

“The demand hit $47.435 million in cash, covered by the bank at an exchange rate of 1,177 Iraqi dinars, and $192.03 million in foreign transfers outside the country covered by the bank at an exchange rate of 1,174 Iraqi dinars per dollar, according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 15 banks that participated in today’s session offered to sell dollars.

The Central Bank of Iraq runs a daily auction from Sunday to Thursday.

http://en.aswataliraq.info/?p=106242

Kurdish lawmaker: the reconstruction of Iraq needs to build infrastructure, not buy 2000 tank

A member of the Iraqi Council of Representatives of the Kurdistan Alliance MP Mahmoud Othman said that Iraq is now in need of reconstruction of infrastructure and revitalize the national economy and not the 2000 purchase of the tanks T-72 Russian-made.

A number of U.S. newspapers revealed on Monday, the conclusion of Iraq's 2000 contract for the purchase of Russian tanks T-72 from one of the Eastern European States, also referred to the press that a U.S. company, will introduce some new regulations to those tanks to be similar to the tank T 91, according to the newspapers.

Othman said in an interview with "Uzmatik", on Tuesday, "The signing of the Iraqi government to purchase Russian tanks, 2000, is some observations, especially with the decline in the budget significantly in Iraq in 2009 because of lower world oil prices."

Osman added that "the Kurdish Alliance supported the arming of the Iraqi army to be able properly to defend Iraq, but not the magnitude that we observe armament contracts signed by the Government of Iraq's 2000 purchase of Russian tanks, as well as signing a contract with the U.S. Department of Defense to six billion dollars to buy U.S. weapons ".

The minister said, "and fears of a Kurdish armament contracts of this magnitude, they might come at the expense of the core priorities needed by the Iraqi people represented in the provision of services, and providing employment opportunities for the unemployed and improve the economic situation in the country."

He criticized the lack of Osman "by the Iraqi government introduced a recent deal to buy Russian tanks on fundamental political forces participating in the government," noting that "failure to offer such deals on the political forces participating in the government is not justified does not know the motives."

He expressed astonishment that Osman Iraq to buy Russian tanks to maintain an American company, describing it as "strange and incomprehensible," he said.

Othman predicted that "a matter of such transactions because of concerns of the State of Kuwait the previous experience with Iraq," adding that "any fears of Iraq at this time is inappropriate because the new Iraq is not aimed at anyone, and is trying only to defend himself."

The Wall Street Journal quoted the U.S. in a report by a U.S. military officials last year that "the Iraqi government to purchase 36 fighter aircraft of the F Sixteen", which is one of the most advanced U.S. aircraft.

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Iraq and Dubai study means to develop trade and economic relations

Assistant Secretary General of Trade and Industry Chambers in UAE Shahine Ali Shahine tackled with the trade consultant in Iraq consulate in Dubai, Abdul Hadi Othman Mohammad means to develop trade and economic relations between the two parties. Emirati News Agency quoted an eye witness saying that Shahine affirmed during the meeting that was held in the Union offices in Dubai, that the Union of UAE Trade and Industry Chambers is ready to provide all kinds of help and support in order to get rid of the obstacles that face Iraqi businessmen and their Emirati counterparts in the march towards developing their economic and trade relation.

http://www.alsumaria.tv/en/Economics...relations.html

Hillary Clinton: a withdrawal from Iraq one of the priorities of Obama

The candidate, Senator Hillary Clinton for the post of Secretary of State that the withdrawal of American troops home from Iraq a top priority for the administration of President-elect Barack Obama, but in the framework of the Convention with the security of Iraq.

Clinton pointed to the presence of the Foreign Relations Committee that the withdrawal will occur in the context of the Convention on the Status of Forces America (Sofa), which the Bush administration has concluded with the Iraqi government, which provides for all combat troops out the end of the year 2011.

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Maliki, in Russia after the completion of the provincial elections

Received Prime Minister Nuri al-Maliki, the Iraqi invitation of Russian Prime Minister Vladimir Putin to visit Moscow to work on the expansion of economic relations with Iraq, especially in the field of oil and gas.

The First Deputy Chairman of the Board of the Federation of Federal Assembly of Russia Alexander Tosin, who is currently visiting Iraq, Maliki has accepted the invitation and expressed his willingness to visit Russia after the completion of the provincial elections.

Toussaint said that his country aims to consolidate economic ties with Iraq after the improvement of security and economic situation, pointing out that he met with Maliki and Iraqi officials on the issue of expanding relations with Iraq.

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Cabinet approves draft law on ratification of the financial agreement

"a spokesman for the Iraqi government Ali al-Dabbagh, on Wednesday, that the Council of Ministers decided during its first meeting in the new year to approve a draft law ratifying the Convention signed with the financial institution for International Development of the World Bank.

And Dabbagh said in a statement received by the agency (Voices of Iraq) a copy of which was that the council decided in its "approval of the draft law for ratification of a loan agreement (the emergency water supply project) meeting between the Republic of Iraq and the Foundation for International Development of the World Bank, signed on 15/10/2008 and submitted to the Iraqi Council of Representatives to approve the legislation in accordance with the provisions of Article (80 / II) of the Constitution."

The statement pointed out that the project would come "for the purpose of granting a soft loan to establish a project for processing emergency water, according to the corrected version of the project as the Convention in its entirety to the reconstruction of infrastructure in Iraq through the International Development Association loans."

He pointed out that "the objective of this project is to improve the quality and quantity of the water supply in selected provinces," pointing out that the provinces are Dhi Qar, Diwaniyah and Wasit and Amarah.

The Council of Ministers decided at the same meeting, held on (1-11), according to the statement, the approval of the "Law on Legislation of the Ministry of Communications and IT and telecommunications law and the law of the Iraqi media and the revision of the law of the media and communications and broadcasting to become a regulatory body is the organization of the frequency."

The statement added that "The ministry will allocate frequencies in coordination with the ministries and other special security and that the ministry is the official representative of Iraq in the International Telecommunication Union and participate in the representation and that the body be the responsibility of web site hosting symbol IQ (which symbolizes Iraq) to the ministry and the role of the regulatory body the IQ".

The purpose of the legislation of the law is "to organize the work in communications and the preparation of key controls and broadcast media and adopted in the licensing and broadcasting transmission services and wireless services at the national level and access to network services and to link them with the organization of radio frequency spectrum and radios."

He pointed out that "the draft law is the promotion of knowledge and cultural diversity of the citizen to take advantage of the options available to him in respect of rates and quality of services and protect the interests of the citizen as a beneficiary of communications services" and "ensure the operation of telecommunications and broadcasting services and the transfer of information in a way consistent with the standards of public safety".

Finally, the Council also decided to approve "the addition of a representative of the Ministry of Education in the Kurdistan regional government of not less functional degree to the Director General of the Iraqi National Commission for Education, Culture and Science."

He pointed out that "the purpose of a representative from the Ministry of Education in the Kurdistan regional government in the Iraqi National Commission for Education, Science and Culture is speaking of the national approach to make the representation of an integrated pan-Iraq within the Commission," adding that the request was made by "the Ministry of Education in the Kurdistan region and through representation of the region."

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Saudi companies intend to invest in Karbala

A group of Saudi companies wish to establish investment projects in the province of Karbala, particularly in the residential and industrial projects, tourism is one of the best areas to invest in Iraq.

The correspondent reported that Radio Dijla came during a meeting with Vice-Chairman of the Investment Authority in Karbala, Al-Hajj Jamal Yassin, on Wednesday, a delegation headed by the Chairman of the Board of the Group of fifty and a number of subsidiary companies filed between Saudi Arabia and the United Arab Emirates.

For his part, said the chairman of the group should enjoy the benefits of Karbala make the focus of attention of many Arab and foreign investors alike, is a competition between the major companies to enter Iraq for the purpose of investment, especially in view of the sanctity of Karbala and its stance geographical fit for a number of tourism projects.

http://74.125.79.100/translate_c?hl=...wI2T1mNPKUPpXQ

The Presidency Council to approve a law on the Japanese loan

Council approved Bgelsth held the presidency, on Wednesday, the Law on ratification of the letters and notes and the record of mutual discussions on the Japanese loan to the Government of the Republic of Iraq, also said a presidential statement.

The statement received a copy of the NOAA radio that the law of the loan by the Japanese Government of the Republic of Iraq to the $ 36 billion and 407 million yen to finance projects to improve water supply in the Kurdistan region and the improvement of sewage in Baghdad.

The statement added that the ratification of the law in order to rebuild Iraq and the reconstruction and the promotion of economic stability and efforts to restore infrastructure and the strengthening of financial relations between the Republic of Iraq and Japan.

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Talabani with a U.S. delegation to consider political & economic features of the next phase in Iraq

President Jalal Talabani, studied with a delegation representing the World Affairs Council, the U.S. the most important features of the next stage in Iraq and what distinguishes the most important political and economic.

A source in the presidency, told the independent press (EYBENS) said Wednesday that the delegation members stressed that they would be transferred to their point of view to the United States and foreign embassies for the purpose of urging companies to invest in Iraq.

The delegation arrived in Iraq on Sunday and met with members of the Iraqi Council of Representatives, working to re-examine the Hlaloda in Iraq and economic needs of the projects, to submit to the U.S. government that may take or not take it.

The source said the delegation briefed on the needs of Iraq and the world that Iraq is on the verge of a good economic shape, and that the existing economic policy is now well and help to invest in without fear.

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