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

Originally Posted by Seaview

I have no idea what any of that means....

This is my last post until after the election. ( I don't vote anyway)

This may give you an idea

The money problem, that caused the meltdown of the economic system, had to have been noticed long before it happened. And to bring in an afro american president, in which the world out side of the US desires, at least a person whom seems to understand multi ethnicity because of making up that fabric him or herself was / is sorely needed. A world power has subjects, at least in theory, thru out the world, that needs to be happy also. If not, then contiuned war, some unwanted, and some not prepared for, would be the daily dose.

So this person, the contender for the president of the US, needs to start now, not 8 years later, but how did this country the US citizens ever put this together, and make it happen on the first attempt for an afro american, unsung, and unnoticed by most?

They didn't, and they are equally as surprised, but many are pleased. So what will get the attention of every one, even racists, to make this happen, at least for it to look like it is the result of a vote, by “we the people?” How about ruin the economy that the ruling party is responsible for, something as big as 911 that got this country to go to war can surely get us an afro american president, with clear mental capabilities,to look like he been elected, by any thing but manipulation.

Is not politics also war, with out the armies? And visa versa?

So once that goes down as planned, and there is the new global economy, then the dinar being something other than artwork will fulfill it's role, some money flowing instantly and the Empire still existing with more respect than lately on the ever shrinking globe.

So Seaview, you might have an idea, what the post was all about, right? Probably sounds like a possibilty/ Well I welcome any pms about it.

Maceman

Burgan Bank records 9.4 % net profit growth in Q3 results
As of September 30th 2008, Burgan Bank – amongst the leading banks in the state of Kuwait - announced an increase in net attributable profit of 9.4%, reaching KWD 66.2 million for the period as compared to the same last year (including minority interest net profit reached KWD 68.9 million and an increase of 13.7%).

This resulted in strong earnings per share, which went up by 5.9% at 70.1 Fils. During the period, the Bank’s operating income of KWD 100 million grew by 7.9% and RoE reached 25.9% while the total assets grew by 34%.

The results also encompass the Bank's share of results of Jordan Kuwait Bank (JKB), in which Burgan Bank acquired a majority stake, at the beginning of the 3rd quarter this year as part of its ongoing regional expansion strategy in the markets of Algeria, Iraq, Jordan and Tunisia.

“Our third quarter financial results are indicative of our growing profitability despite the current global financial situation. The results reflect our continuing progress quarter after quarter this year. It reiterates our foremost commitment to our shareholders and our customers. The results also speak of our prudent investment and risk management prowess”, says Burgan Bank Chairman Mr. Tariq Mohammed AbdulSalam.

“We are upbeat about our financial growth for the remainder of the year, driven by our regional expansion strategy. On behalf of the Board, I take this opportunity to thank our customers for their confidence in our capabilities and to the Bank staff for their continued support and commitment.”

Client loans and advances grew by a healthy 47.2% considering the prudent risk and reward criteria. An enlarged, diversified customer base led to a 46.4% growth in customer deposits. With KWD 342.9 million shareholder’s equity base, the Bank is pursuing its efforts in centralizing its operational capabilities with the goal of both enhancing the delivery of quality services as well as continuing cost efficiencies. These indicators are strongly supportive of Burgan Bank’s growth strategy to position itself as one of the leading banks in Kuwait.

The Bank sees an extremely positive outlook for the rest of the year, augmented by a regional expansion strategy that it recently embarked upon. The expansion seeks to establish a robust MENA-wide commercial banking franchise by acquiring a majority stake in four commercial banking entities in Algeria, Iraq, Jordan and Tunisia from United Gulf Bank for a consideration in cash of USD 725 million.

The Bank completed the acquisition of Jordan Kuwait Bank (JKB) at the beginning of the 3rd quarter this year.

The Bank is committed to sustaining positive and rapid growth in its market share within Kuwait, and over the course of its three-year aggressive expansion strategy, aims to further establish and strengthen its presence across key markets within the MENA region.

http://www.arabianbusiness.com/press...il/30077?ln=en

Bayati: Draft in its current form cannot be passed in House of Rep, Dabbagh rejects US-style coercive
Rep. of the ruling Shi'ite Alliance Abbas al-Bayati told AFP that "the draft in its current form can not be passed in the House of Representatives as five points include the need to be reviewed," he said.

He explained that "the first of these points need precision in the withdrawal schedule and one for judicial immunity does not meet our demands and concerns and put us in third-mail search inside and outside the Fourth New installations and camps of America."

And "The fifth point is the need to match the Arabic version of the agreement with the English."

On Mullen's deputy, Al-Bayati said the Turkmen WIN coalition "aimed at exerting pressure on the Iraqi side, which will not be subject to the remarks of our sovereignty and national interest." "The American side that has the flexibility and avoid any provocation. If they really want to pass this Convention to refrain from launching such remarks which provoked officials in the country."

For his part, Minister of Science and Technology Raed Fahmi said differences on the points mentioned. He told AFP: "Some fear that the formula is for the survival of the military training of Iraqi forces and means to extend the occupation illegal."

Iraqi officials have accused Washington on Wednesday of trying to impose it by force assuring that the final draft of the Convention on ending the U.S. military presence in their countries, including points in need of review.

The authorities in Baghdad, expressed "grave concern" over the remarks, Admiral Michael Mullen, chief of the U.S. Joint Chiefs of Staff, who warned the Iraqis of "serious consequences" if it had not signed the Convention. He said government spokesman Ali al-Dabbagh, "should not impose coercive way the Iraqis the freedom to choose is not appropriate to communicate with them in that way." "The statements thus was not welcome in Iraq, all Iraqi political forces aware of the size of their responsibilities and valued the signing of the Convention whether the manner they deem appropriate."

The head of the Joint Chiefs of Staff Admiral Michael Mullen said that "When the UN mandate expires in December 31, the Iraqi forces will be ready to take over security in this context, there is a substantial risk of loss with serious consequences." But an Iraqi military spokesman said Iraqi security forces could take over security duties across the country. And Maj. Gen. Qassim Atta said Wednesday that "the security services are ready for the handover of security, especially after increasing the number of those forces and develop their security."

Mullen also stressed that "time is running out before us is clear," he said, referring to the need for approving the Convention adding that "Iraqis do not seem to realize the seriousness of the situation (...) the time has come to take a decision."

The draft agreement shows that U.S. combat troops to withdraw from the cities and villages of no more than in June 2009 to withdraw all troops, while only on Dec. 30 in December 2011. The Iraqi security forces will take full responsibility. "We also demand clarification of the concept of other jurisdiction be tried under Iraqi soldier was killed by mistake."

The draft shows that Iraq will be able to prosecute American soldiers and civilians in the event of crimes committed outside the camps and deliberately when they are out of service. And emphasized that Iraq's "first right to exercise jurisdiction over troops and civilian components on the deliberate and serious crimes that are committed outside the rules and outside the case to be

http://66.102.9.104/translate_c?hl=e...ydF5yZwHqtYgbQ

State special investigators revoke contracts in Iraq

Press sources said that the U.S. State Department has abruptly cancel contracts of eight special investigators hired by officials to help the Americans in Iraq in sensitive investigations and very complicated.

The Washington Post that the procedure was sent after Sen. Russell Feingold, a Democrat and member of the Committee on Foreign Affairs wrote to the Secretary of State Condoleezza Rice in the 19 September last in which he said he is deeply disturbed by the possibility of outsourcing the ministry to oversee the security companies contracting with them .

The Assistant Secretary of State for Legislative Affairs Matthew Reynolds in a letter sent to Feingold said the ministry had terminated the contracts of eight investigators and that it had contracted with them to short-term temporary solution until enable the ministry to appoint special cadre.

The ministry attributed the decision to dispense with the investigators improved the security situation in Iraq and the lack of incidents of the use of force by members of private security companies in Iraq.

The ministry said that personnel from the U.S. Bureau of Diplomatic Security they conducted and supervised the work of investigators engaged to ensure that their criminal investigations directly.

http://74.125.93.104/translate_c?hl=...HNHG-zYIEYCZoA

Stressing the need for financial delivery date of 2008 set

The Finance Minister Bayan Jabr, during his meeting with the governor of Wasit province, Latif Blink Baghdad, the need for attention to the completion of projects for the 2008 budget in time to take advantage of the amounts allocated to them.

A statement issued Thursday by the ministry received (Voices of Iraq) said Zubaidi, a copy of which was received yesterday in Baghdad confirmed Blink on the need to "heed the completion of projects for the 2008 budget in time to take advantage of the amounts allocated to them, as well as the importance of precision in the implementation process and benefit from the experience Iraqi companies operating within the private sector. "

The statement quoted the minister as saying "We must speed up the implementation of projects to contribute in supporting the reconstruction process and the elimination of unemployment and ready to start creating projects in 2009."

The statement said Zubaidi, "the importance of attracting investment to the province by inviting international companies to implement major projects and projects, especially the establishment of modern hospitals, roads, major water projects that contribute to provide better services to citizens."

The minister expressed the hope that the projects be "the level of ambition for the advancement by maintaining the service and economic."

For his part, reviewed the governor of Wasit province, Latif Blink completed major projects for 2008 including water and sanitation projects and the establishment of Almjsrat and paving roads and the establishment of which contribute to high schools in support of the educational process in the province in addition to the direct implementation of a bridge over the Tigris River will be completed in 2009 contribute to facilitate the movement of Traffic and traffic in the province, the statement said.

Translated version of http://ar.aswataliraq.info/?p=104821

Update - 20 branches earmarked for the distribution of smart card

Ministry of Finance announced the allocation of 20 branches in Baghdad for the distribution of smart card "to" and called on beneficiaries to review sections by geographical area, with the minister Bayan Jabr need to pursue legal violations that occur by working to give this document.

This was stated by a media source in the ministry of "morning" and said he was allocated a second stage section 20 of the draft smart card distributed across the capital to facilitate the grant after it was limited to two sections are inspired by paradise Group experimental stage, explaining that users can recognize the card from their salaries Bank branches of the Rafidain and Rashid inside or outside the country.

The source noted that some people are re-examining branches outside the geographical area reserved for them to receive causing Card and the Baltazahm confuse the action, calling on the ministries and institutions concerned to provide accurate data on beneficiaries of the card depends mainly based on the validity and accuracy of information that feed the database and to which the card is granted .

The source added that Zubaidi sent a letter to the Department of the Rafidain and Rashid Banks need to speed up the granting of smart card for retirees and the provision of rest and order and overcome the difficulties encountered in the extradition process, while stressing the importance of the Inspector General and take a role in monitoring the integrity of legal violations that some Staff who are made to give the card in two weeks.

Zubaidi stressed the importance of legal action and to the success of the regulatory process, the card is a quantum leap in the work of Iraqi banks, asking workers in the company responsible for the card to meet their commitments and speed completion of the largest possible number of them to facilitate the process of receiving pensions, he said, pointing to the importance of citizen cooperation with workers At the company and two banks through a commitment to checks and instructions to facilitate the process of grants.

http://74.125.93.104/translate_c?hl=...j7mnN5F68Fui2w

Oil Minister to leave us to attend the emergency meeting of OPEC

Spokesman to the Ministry of Oil and Oil Minister Hussain al-Shahristani, left, Wednesday, to Vienna to attend the emergency meeting of the Organization of Petroleum Exporting Countries OPEC to be held on Friday. Assem Jihad said that "the meeting will deliberate on the global financial crisis and its implications on the oil market and treatments to be developed by the Organization to address the repercussions of the crisis on oil prices."

Jihad said that the meeting will hopefully take place the day after tomorrow, Friday, attended by oil ministers in the States representing the organization.

http://74.125.93.104/translate_c?hl=...6CgRP66W_uvJ9w

Rice says Iraqis can't yet defend Iraq alone

Iraqi forces cannot yet defend Iraq by themselves, so Baghdad should accept a pact that would allow U.S. troops to remain, U.S. Secretary of State Condoleezza Rice said on Wednesday.

The United States believes the pact that has been negotiated with Iraq's government is a good agreement as it stands, Rice told reporters en route to Mexico.

Baghdad has exasperated Washington officials by calling for changes in what the Bush administration considered the "final draft" of the pact.

"Iraq has a strong interest in making sure that the coalition forces, U.S. forces, can remain in Iraq long enough to secure the gains that have been made, and long enough for Iraqi security forces to be able to take up their rightful places defending Iraq," Rice said.

"But I don't think that anybody believes that they are capable of doing that alone right now."

Rice was speaking on her plane to Mexico, where she was to hold talks with Mexican Foreign Minister Patricia Espinosa.

http://pukmedia.com/english/index.ph...=7143&Itemid=1

Iraqi government to dispatch observations on pact next week

Al-Sabah newspaper said today that the Iraqi government will send its observations and amendments on the security pact to the U.S. negotiators in the next week.

The newspaper added that the Iraqi Prime Minister Nuri al-Maliki will head the government’s meeting to discuss the items that should be re-phrased and send them to the U.S. side in order to reach a form which consensus the national principles.

http://pukmedia.com/english/index.ph...=7146&Itemid=1



From Al-Sabaah

The government sent amendments to Suva next week

Government plans to send its observations and amendments to the security agreement to be signed between Iraq and the United States to the American negotiators next week. In London, entered the line of good To bridge the gap in views between the political forces and Washington, did not leave a meeting of the United Iraqi Alliance held late at night any new positions for the treaty.

Sources close to the government for "morning" that a meeting held between members of the government headed by Prime Minister Nuri al-Maliki next week to review the items to be redrafted, and collected and sent to the U.S. side to reach a formula for a national truths.

The White House announced yesterday that the Security Agreement semi-closed, but said the changes would be any changes will be only minor adjustments, and that was confirmed by Foreign Minister Hoshyar Zebari when he said: that Baghdad would changes in the drafting of the convention, but would not seek to renegotiate on the substance of the Convention, stressing In a statement reported by Reuters, "The coming days will be crucial for this Convention."

The sources said that most political forces to have comments on the security understanding, but the degree of such reservations vary, with Alliance bloc called for a revision in the number of items, the Accordance Front, called for redrafting no more, while the Kurdistan Alliance bloc agreed on a draft Convention.

The head of the Kurdistan region Massoud Barzani during his visit to Tehran yesterday, "The Sofa" does not affect the sovereignty of Iraq, noting that the agreement set a date for the departure of foreign forces from Iraq and meet the demands of the Iraqis, at the same time denying the existence of differences between him and Prime Minister Nuri al-Maliki Security agreement.

In the meantime, a parliamentary source said: Britain has begun to play the role of mediator between Washington and parliamentary powers to harmonize views with regard to the security agreement.

The source revealed the "morning" for a meeting between Dr. Ali al-Adeeb, head of the coalition in the House of Representatives and deputy commander of British forces Lasted about an hour, followed by a second meeting with the leaders of compatibility, and another with a number of other parliamentary forces, refusing to say what happened in these meetings, but said: no different from the position of Iraqi forces so far. This assertion was also the result of a meeting of the small Alliance forces, as it did not come out to meet new leaders of the coalition. A source inside the meeting in a telephone conversation with the "morning" since he failed to attend a number of coalition leaders had not discussed the issue of the convention, available, saying: We continue to insist on National positions.

The government rejected on the latest warnings of the U.S. Forces Chief of Staff Admiral Michael Mullen. The government spokesman, Ali Dabbagh in a statement that the government has received with deep concern the statements Mullen, which warned of the consequences for Iraqis not to sign the security agreement with Washington, stressing that's not so welcome in Iraq and all Iraqi political forces They are aware of the size of their appreciation for the significance of signing the convention or not.

http://www.alsabaah.com/paper.php?so...page&sid=71717

$7M contract concluded to set up theme park in Kut

The investment authority in Wassit province has signed a contract with an Iraqi investor to establish an up-to-the-minute theme park worth $7 million, according to the authority's head.

"An agreement has been reached with Kut's municipal department to allocate 30 donums (1 donum= 2,500 square meters) along the Tigris River for the park," Sattar Jabbar told Aswat al-Iraq.

Jabbar added that all machines will be imported from The Netherlands, Jabbar noted.

The authority will provide all facilities for the investor by exempting him from customs charges and taxes, Jabbar noted.

A Shiite province, Wassit, 180 km south of Baghdad, is in the east of the country. Its name comes from the Arabic word meaning "middle," as it lies along the Tigris about midway between Baghdad and Basra.

Its major cities include the capital, al-Kut, and al-Hayy. Prior to 1976 it was known as Kut Province.

$7M contract concluded to set up theme park in Kut