Thread: Archive - Latest News Think Tank - 15/01/09 - 04/05/09

Atakiid Central Bank of foreign transfers and foreign currency

Central Bank of Iraq issued a statement responding to rumors that surfaced recently on the Bank's intention to restrict foreign transfers and transactions in foreign currency.

The statement, which has received a copy of which confirms that the bank denied such rumors, which are meant to gain some real-time speculators and damages the stability of the national economy.

The statement added that the freedom of foreign-exchange is a cornerstone of the economic rights of citizens guaranteed by the law and that is consistent with the objectives of monetary policy aimed at imposing stability and promote development and economic well-being, provided that Aitqata with the law against money laundering and money and the financing of terrorism Crime No. 93 of 2004.
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Al-Shahristani: We will proceed in the legislation of the Oil and Gas Law

Oil Ministry renewed its call for Iraq's parliament to speed up legislation in the oil and gas.

He said Oil Minister Hussain al-Shahristani told (Radio NOAA) said that his ministry will go ahead with the restructure and the establishment of the Federal Council for the oil and gas company.

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Iraqi court discharges Tariq Aziz, condemns Chemical Ali to death in Friday Prayer Case

The Iraqi High Criminals Court headed by Judge Rauf Rashid Abdel Rahman discharged Tariq Aziz, Saif al-den al-Mashhadani, Ogla abd Sagir and Ibrahim Saheb Karam in the case of the Friday Prayer in 1999 when the former regime assassinated Ayatollah Muhammad Muhammad Sadiq al-Sadr and other peoples.

Meanwhile, Chemical Ali, Mahmud Faizi Muhammad and Aziz Saleh Hassan were sentenced to death and Latif Nesaif Jassem and Muhammad Zimam Abdel Razaq were sentenced to life imprisonment in the same case.

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Political parties trying to block a vote on the state budget

To the House of Representatives on Wednesday to vote on its budget this year on Tuesday.

The number of members of the House of Representatives, told Radio Dijla to the existence of political parties trying to block the vote to win their own political gains.

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Kurdistan Parliament to discuss several important issues today

Its expected Kurdistan Parliament on Monday, March. 2, to hold a session to discuss a number of important issues. Tariq Jawhar, the media adviser of the Parliament Speaker exclusively told PUKmedia correspondent “In today's session, Mr. Adnan Mufti, the Speaker of the Parliament, in his speech will refer to the parliament’s agenda for the next three months and its priorities in the next stage including: the constitution draft, amending the internal system of the parliament, provincial council elections law and unifying the KRG three ministries.”

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Iran-Syria-Turkey-Iraq power network to be formed

Iran's energy minister here on Saturday announced that a quadripartite electricity network will be formed among Iran, Syria, Iraq, and Turkey.

IRNA quoted Parviz Fattah as saying that the energy ministers of the four countries will soon hold a meeting in this regard in Baghdad.

With the power generating capacity of 120,000 MW, the four countries are considered as powerful countries in the world in the field of generating energy.

Fattah went on saying that Iran is establishing two thermal power plants in Iraq one with the neighboring country's investment and the other one as a joint venture.

Construction of Syria's Tashrin power plant is another project underway by Iran that has been invested by Syria.

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Iraq: Cabinet approves investment system

The Iraqi cabinet on Sunday approved the introduction of the investment system no. 2 of the year 2009, according to a cabinet statement.

The investment system includes the tasks and powers of the Iraq National Investment Commission (INIC), according to a statement released by the National Media Center and received by Aswat al-Iraq news agency.

It also tackles the prerogatives given to investors and investment permit procedures, the statement added.

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Maliki: Iraqi market is one of the promising markets, which began to compete for global companies

Prime Minister Nuri al-Maliki's government of national unity is keen to develop relations with Japan in various fields and that the Japanese companies that have good reputation in Iraq is the priority in employment in all sectors and that the Iraqi market is one of the promising markets, which began to compete for global corporations.

This came during a meeting in his office today, the official Japanese ambassador in charge of reconstruction in Iraq, Kotaro, Italy, and representatives of the Ministries of Foreign Affairs and Trade and Industry as well as representatives of the Japanese (12) giant Japanese company.

He stressed that the desire of Japanese firms to resume their activities in Iraq is multinational in the context of the willingness of companies from different countries of the world to contribute to the process of construction and reconstruction, and that these were not the desire to achieve success in a major security carried out by Iraqi forces and their ability in dealing with terrorists and outlaws.

The prime minister praised the role played by the Japanese Self-Defense Forces to maintain security and stability in the province of Muthanna, and it was a letter from the finest Japanese people to help the Iraqi people in the face of terrorists.

Maliki welcomed the willingness of Japanese companies for the second Economic Forum held in Baghdad this year, an update of the first forum held in the Jordanian capital, as a step for the development of relations between the two countries.

Meanwhile the head of the delegation congratulated the Prime Minister of Japan security and economic successes in Iraq, along with the success of provincial elections, adding that Japanese companies want to contribute to the industry a victory in Iraq through its contribution to strong and effective in the process of construction and reconstruction.

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Rafidain and discuss real estate project for the establishment of housing units

Iraq held a bank and real estate meeting Expanded to discuss the subject of the creation of units Housing (housing the vertical) to implement the directives of the Minister of Finance Bayan Jabr Iraqi banks by the investment projects, particularly housing task To solve the housing crisis in Iraq.

The general manager of Rafidain Abdulhussain Yasiri reporter (and the Iraqi News Agency Information / INA) Had been reached during the meeting to form a joint committee between the two banks to discuss ways and means necessary for the implementation of such important projects that would raise the standard of living of the Iraqi citizen, noting that the Committee will also all of the obstacles that could Preventing the establishment of such a project and find solutions to the crisis.

The Yasiri Rafidain the determination to proceed with the completion of investment projects that contribute in the reconstruction process, where he works to create the requirements for the financing of such projects, as well as its process of development of banking in all Mphasalh to live up to the level of international banks.

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The Iraqi economy will be reassured of this year, the crisis may fall next year

U.S. sources said, is interested in economic issues in Iraq that the Iraqi economy will be assured of this year, but said that the crisis might occur next year.

The ability of Iraq not to fall in the spiral of the financial crisis to the large reserve of hard currency, which has recently achieved, specifically from the sale of oil in the huge rises in prices in 2008.

It is estimated that the trade surplus that has been achieved over the past few years about 30 billion dollars, which allowed the country to maintain a minimum level of services and management in spite of significant unemployment in Iraq.

Iraqi officials and is likely to bring the deficit to 20 billion dollars, a deficit which could be covered by the cash reserves they have, that the greatest danger facing the Iraqi budget, which depends on oil revenues was to decrease the price of oil.

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