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

Source: because of the presence of Tayfour ... Federal Court postponed its decision on the Speaker of Parliament to the eighth of April

A source in the Iraqi Accordance Front, said the Federal Court postponed its decision on the eligibility of a candidate, Iyad Samarrai, the Accordance Front, headed by the House of Representatives, the eighth of next April.

The source told the independent press (Iba) on Monday: "The court held its hearing today and decided to defer the decision on the chairmanship of the parliament to the eighth of next April.

The source added: "The reasons for the delay due to failure to attend the Second Deputy Speaker Arif Tayfur.

He explained: "The representative of the Legal Service of the House of Representatives who was present on behalf of the parliament as a present from the first vice president, Sheikh Khaled al-Attiya, triggering surprise Accordance Front.

http://209.85.229.132/translate_c?hl...Rw6PQ-RlOGvgxA

Central sales rise to 104 million dollars in the canteen

the U.S. dollar sales of the Central Bank in an auction for the sale and purchase of foreign currencies, on Monday, to reach 104 million versus $ 101 million and 110 thousand dollars at the previous meeting.

The bulletin issued by the Central Bank and the Agency has received (Voices of Iraq) a copy of which was that "the total volume of demand for the dollar stood at 104 million and 90 thousand dollars at the exchange rate was stable compared to 1170 dinars per dollar."

The figure is up from the previous meeting, which recorded a total volume of demand for the dollar stood at 101 million and 110 thousand dollars at the exchange rate was 1170 dinars per dollar.

The Bulletin that "the distribution of demand for the dollar by 28 million and 200 thousand dollars in cash, covered by the bank at the exchange rate was 1176 dinars per dollar, including the central bank and a commission of six dinars per dollar."

With the value of remittances outside the country of 75 million and 890 thousand dollars, covered the central exchange rate was 1173 dinars, including the central bank and a commission of three dinars per dollar, "did not make any of the 15 banks participating in the auction, offers to sell the dollar.

http://209.85.229.132/translate_c?hl...8W9ny2QamASp-Q

Specialists: Iraq needs a specific budget targets a multi-year

According to specialists in the economy, Monday, that Iraq needs a budget with specific economic targets, seeking to implement them, suggesting that the annual budget, but not be implemented through a multi-year plan to ensure business continuity in investment projects.

An adviser to Prime Minister Abdel Hussein Al-Anbuge on the sidelines of the second day of the National Economic Forum in Baghdad said that "the budget set by the Ministry of Finance lacks the existence of certain economic objectives it sought to implement them," adding that "the role of the financial should not be such as the Fund, which distributes the money collected income only."

The First National Economic Forum opened yesterday (Sunday), sponsored by Vice President Tareq al-Hashemi, and in the presence of Vice President Adel Abdul Mahdi and Deputy Prime Minister Rafie al-Issawi, a number of government officials and parliamentary deputies and experts on the economy.

He Anbuge that "the Iraqi budget is today a serious problem because of delayed approval by Parliament and by the late submission of financial," calling for "the creation of coordination between the two through the harmony between the two targets must be planned for the budget to determine the overall objectives of the wishes of the members of parliament even thinly and time-consuming review and approval. "

He said there was "a special significance for the existence of sensors with the Ministry of Finance in the Iraqi economy, which is sensitive to the influence of the increase or decrease spending," which I think is "not currently available because it needs to be strong database in coordination with other ministries, but it is possible in the case of develop a plan among themselves. "

In turn, he added. Faeq Abdul Rasul said there were "similarities between the complete restructuring of the Iraqi economy and the budget as both dependent on oil," he said, adding that the budget "to suffer many of the imbalances is not the existence of a production base in the role of the private sector and therefore the budget is distributed to the State itself."

Abdul Rasul and criticized the "annual publication of the budget," considering it "a serious drawback, especially in the fields of investment and service," calling for "to be a budget for at least two years where they could in this way to work on investment projects in parallel."

He considered that "the financial allocations for investments in the budget is incorrect because it is granted without a feasibility study, but only based on the ideas of" hitting the ideals of "money to be allocated to the ration card, regardless of the prices prevailing in the world and without the knowledge or control of the actual needs of the allotted amount,"

The expert said that "the shortcomings of financial allocations in the budget it is not certain economic objectives, and this should be remedied and that the Ministry of Finance to determine the financial policy for the current and the next stage."

In turn, said a member of the House of Representatives and former Minister of Planning Dr.. Mahdi Al-Hafiz said, "Fiscal policy is the most important tool in the State but they are weak because of the multiplicity of centers of power."

"The source of the imbalance in the process is the lack of a philosophy of balance in the State, which means the absence of goals and program implementation," saying that "fiscal policy should take a bigger role in this, we develop a policy and commensurate financial situation of Iraq today."

The Al-Hafiz, "in my opinion, the problem of management of the economy a large and must be addressed in a new type of analysis stems from the reality of Iraq and the fact that as the economy depends on oil yield and must account for each count the effects of oil," he said, "The most important point which we have to unify the direction of policies financial and cash because they are currently running at Mtaaks "and" to increase investment and economic growth and development, which is a major task in Iraq in the current circumstances. "

http://209.85.229.132/translate_c?hl...aCTpEzZk-3woKw

An oil: the impact of the rising price of oil will be essential to the budget

The oil expert, on Monday, that the impact of the high price of a barrel of oil to 51 dollars would be essential to the budget, because the government will benefit from this increase to reduce the deficit, is not likely to exceed the rate of $ 55 a barrel until the end of this year.

The oil expert, Abdul-Jabbar in his Hilfi Agency (Voices of Iraq) that "the global financial crisis which has been affected after the August 2008 Iraqi budget because of the sharp decline in oil prices globally and therefore the Iraqi state revenues decline significantly," which led to "a reduction in the budget several times prior to approval by Parliament. "

The price of oil hit a record high in September 2008 for a barrel to 147.27 dollars, and then returned to go down to below $ 35 a barrel in February last, and then ricocheted upward to reflect the price barrier of 51 dollars per barrel, as a result of OPEC's decision to reduce the rate of production by 2.2 million barrels per day, which is the largest amount of the reduction of production from the Organization of Petroleum Exporting Countries in history.

He attributed the price rise to above 51 dollars a barrel to several reasons including "the increasing demand for petroleum products, especially gasoline by summer in the United States and Europe because of the start of the tourism season," adding that "The expectation is always talking about the increased demand in winter, but the reality it reversed in those countries "as well as" increased demand for gas, and often available in the Gulf States, "especially by the European Union, which limits demand rose 1.8% for gas and for this reason that led to increased production outside of OPEC countries."

The oil expert said that among other reasons for the rise that "many of which produce high Bklv production because of the high price stopped production because the price of oil has come to Aigti amount of extraction or high cost of alternative energy and solar energy Kriyah" and therefore had "the scarcity of supply in the months five years and led to the apprehension of the largest supplies decline."

He noted in his speech to Hilfi Agency (Voices of Iraq) that "the wheel of the world economy is moving more slowly led to the increase in demand of around 300 thousand barrels per day and the lack of strategic stocks of oil prices has allowed a little breathing" and expressed his belief that "will continue to rise gradually and could reach $ 55 a barrel if the intervention of speculators, "he said, adding that prices" will not reach the 60 dollars as a result of the economic policies of U.S. President Barack Obama and his economic team ballasts for the work of speculative oil markets, which will be added to the price of $ 55 during the remainder of the year."

On the impact of this increase to the budget of Iraq believed that "the impact would be substantial, because the higher prices that would fill part of the deficit is estimated in millions of dollars."

The Parliament approved in the month of March, the fifth of March, the State budget for 2009 which amounted to 62 billion dollars approved on the basis of $ 50 per barrel price of oil reached a deficit of 27%, which have been doubts and opposition from political parties and parliamentary opinion in the identification of 50 dollars a barrel is not safe for the consequences, with the Iraqi government said then that the price expectations of the experts involved in the government and the Iraqi ministries, including the Oil Ministry.

http://209.85.229.132/translate_c?hl...jQ3L1PO4BdQ22A

Hashemi: failure to exercise its role of monetary policy is a big problem

Vice President Tariq al-Hashemi, on Monday, said the failure to exercise its role of monetary policy is a big problem in Iraq, adding that the Central Bank's role should be to not only to fight inflation, because we need to reduce the interest rate to lend to the private sector to expand investment.

Tareq al-Hashemi said in his intervention during the second day of the National Economic Forum in Baghdad that "Iraq today need to move the economy through private sector participation in investment, but it can only be given if the sector and bank credit facilities for its revitalization," he that "many countries cut interest rates to 1% to zero, or, sometimes, in order to emerge from the recession and stimulate production in the private sector."

It was the first Iraqi Economic Forum opened yesterday (Sunday), sponsored by Vice President Tareq al-Hashemi, and in the presence of Vice President Adel Abdul Mahdi and Deputy Prime Minister Rafie al-Issawi, a number of government officials and parliamentary deputies and experts on the economy.

Hashemi said during the working session devoted to the discussion of monetary policy that Iraq is "dire need of the private sector, especially in the areas of industrial and agricultural, but he was unable to move because of the obstacles placed in front of" which "obliged to leave the process of participatory development and the trend towards the realization of another trade or speculative due to the decline of the dollar price to us, as he used to put money in the Central Bank for the profits of high interest rates. "

And adopt the Central Bank of Iraq for more than three years deflationary policy aimed at reducing inflation by withdrawing liquidity and raise interest rates on money deposited with him, in addition to the gradual rate of the dinar against the dollar of the last five sessions of the weekly auction for the sale and purchase of foreign currencies to contribute to the stability of currency exchange rate.

Hashemi said in his "I am an Iraqi, was satisfied because the exchange rate stable, but we must now answer to the question whether such a policy designed to curb inflation contributed to the reconstruction and investment in Iraq or not?"

He added that "monetary policy in certain circumstances, called for increased savings, but the result was the development of savings banks to the Central Bank and not for investment purposes," focusing on the importance of "resolving the debate over monetary policy is not consistent with Iraq's need for development."

http://209.85.229.132/translate_c?hl...kKrgWd4ja690xg

Mahdi Al-Hafiz, the hospitality of Gulf Commercial Bank

Gulf Commercial Bank, says the intellectual and economic expert, Dr. Mahdi Al-Hafiz, to deliver the lecture, seminar discussions specialized marked.

(Reform of the banking system in Iraq) will be held on Thursday, September 26, announced this March that for the (economic) the managing director of the Bank and the appearance of Allaoi said: "The symposium is part of the annual program for 2009, prepared by the Bank and to discuss the economic, financial and cash in the country. Allaoi explained that there are 4-5 Maaqbin professors specialized in the economic aspect, pointing out the participation of many banking and financial institutions and personalities to enrich the academic symposium and a guidance to contribute to the development of the performance of the banking sector Alaguetsadna national service. He said the symposium will contribute to the exchange of experiences between the banks, banking and civil.

It should be noted that the Commercial Bank, which used to organize monthly seminars during the year 2008 and establishes a rate of 11 to create a culture in line with recent economic current stage, it is useful to note that 48 institutions of government and community and private companies are invited to this symposium.

http://209.85.229.132/translate_c?hl...iIactdJ-KuAyLA

An economic reason to allow foreign investors to operate in Iraq without being

Called an economist to provide an opportunity for foreign investors to operate in Iraq without restriction, excluding the requirement of funding for their investments.

The Economic Adviser in the United Arab Emirates and former university professor, Dr. Hammam Shammaa told the independent press (Iba) today, Tuesday, that the factors that prevent the lifting of restrictions on foreign investment in Arab countries, including the Gulf do not exist in Iraq, foreign Valkhchip of resettlement could lead to change the demographic map, which is to allow the investor to operate freely, pointing out that there is considerable weight in the population of Iraq, which helps to narrow the enormous gap separating the world, she said.

He added that because the idea of opposing the removal of quantitative and qualitative restrictions on foreign investment is the perception that foreign investment could be the national competition in their own backyard and is therefore a kind of fear, adding that foreign investment should be aimed at the success of a competitor entering the import.

Chandler noted that it was now expected to enter a large amount of foreign investment and the value that can promote the Iraqi economy as quickly as required to meet the social and political challenges posed by the reality. Calling for investments of small to serve as a test to create a climate for the capital with the development of appropriate legislative packages quickly.

He pointed to the need for Chandler to allow foreign investors in the productive areas to activate the economy and providing employment opportunities which could contribute to reduce the pressure on oil revenues and reduce the volume of employment in the government sector, which is disguised unemployment - as he put it.

It should be noted that there are moves at the government level to adjust the number of investment laws to facilitate the attraction of companies to work in Iraq.

http://209.85.229.132/translate_c?hl..._xMHLZtyKkEEow

Minister of Trade: the prospect of broad cooperation in all areas between Iraq and Canada

Met with Commerce Minister Abdul Falah Hassan, the Sudanese Ambassador Ms. Margaret Hubert Canada to Iraq. During the meeting, and discuss the course of relations between Iraq and Canada and the prospect of activating and development in all fields, especially in the fields of trade and economic and technical service to the common interests and mutual benefits to both countries.

He stressed that Sudan's doors open and Iraq are open to Canadian companies and investors to contribute to the construction and reconstruction plans in Iraq, adding the new readiness to provide necessary facilities for the Canadian companies that would enhance bilateral relations because of the advanced steps of Canada occupies a special significance in the overall Iraq's relations with the countries of the world.

He pointed out that Canadian companies have responded positively and quickly to calls and tenders announced by the ministry to participate in the implementation of projects in Iraq and contribute to the support of the ration card and the itemized Kalhntp and lentils, also responded to the invitation to participate in the next session of the Baghdad International Fair, held in November this year.

He said, adding that Iraq hopes that Canada would be an important economic partner with Iraq, through investment and reconstruction of infrastructure in Iraq and develop the capabilities of Iraqi personnel through an ambitious program of training and contribute to the means of overcoming the past decade.

Stressing that the Canadian companies a priority in dealing and cooperation in many areas, especially the supply of Canadian wheat, which was decided in the port of Fujairah, inspected by the Ministry of Trade and services without the appropriate third party. The part of the Canadian Ambassador to Iraq, the country's support in all efforts to achieve security and stability The development and prosperity of the country's strict desire of the Government of their country and their desire to develop and deepen economic and trade relations with Iraq and the desire to supply the items of the ration card.

Pointing out that it would work in all its efforts to invite Canadian companies to invest in Iraq and to participate in the session of the Baghdad International Fair and exhibitions, where Canada's participation in the sessions Saigp opposition in Iraq.

The Ambassador also said that during the meeting with Sudanese Minister of the formation of the common dialogue of businessmen in both countries for the purpose of developing mechanisms and programs for future cooperation between the parties.

http://209.85.229.132/translate_c?hl...KLU1bUcncKjzEw

Economists critical of the absence of the ministers concerned to attend the Economic Forum

Economists criticized the absence of Iraqi ministers concerned the economic situation of Iraq to attend the First National Economic Forum which was held in Baghdad, attended by international experts and economists said the economic and media Hissam Acommok NOAA conference discussed the major strategic objectives of economic reality and the future of Iraq, but he has a lot of ministers who are concerned Conference:

http://209.85.229.132/translate_c?hl...FYw7Ep531QX9nw

Central to the rise in sales of 168 million dollars in the canteen

the U.S. dollar sales of the Central Bank in an auction for the sale and purchase of foreign currency, on Tuesday, to reach 168.5 million versus $ 104 million and 90 thousand dollars at the previous meeting.

The bulletin issued by the Central Bank and the Agency has received (Voices of Iraq) a copy of which was that "the total volume of demand for the dollar stood at 168 million and 503 thousand dollars at the exchange rate was stable compared to 1170 dinars per dollar."

The figure is up from the previous meeting, which recorded a total volume of demand for the dollar stood at 104 million and 90 thousand dollars at the exchange rate was 1170 dinars per dollar.

The Bulletin that "the distribution of demand for the dollar by 17 million and 720 thousand dollars in cash, covered by the bank at the exchange rate was 1176 dinars per dollar, including the central bank and a commission of six dinars per dollar."

With the value of remittances outside the country of 150 million and 783 thousand dollars, covered the central exchange rate was 1173 dinars, including the central bank and a commission of three dinars per dollar, "did not make any of the 17 banks participating in the auction, offers to sell the dollar.

http://209.85.229.132/translate_c?hl...uVlcuSf25FRVxA