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Ahmadinejad heads towards winning a new term
Iranian President Mahmoud Ahmadinejad is heading towards winning a second term as he gained 65% from the counted ballots till now. 28 million votes were counted until now, Iranian Elections’ Committee said adding the essential competitor of Ahmadinejad is the moderate former Prime Minister Mir Hussain Musavi who got 31.8% of the counted votes while the two other candidates took less than 2%. The committee said that 77% of the ballot boxes were counted till now.
The head of Ahmadinejad electoral campaign Mojtaba Samareh Hashemi said in a statement published by Fares News Agency that the votes Ahmadinejad won in these elections clear any doubt about his victory since the difference in votes number between him and his competitors and any suspicions about this victory will b considered as a joke. Earlier on Friday, both the outgoing Iranian President Ahmadinejad and his main conservative moderate competitor Mir Hussain Musavi announced their victory after a long electoral day that was characterized by a huge unprecedented turnout.
The US President Barack Obama tackled the issue of the Iranian elections in a short press conference regarding some of the US internal affairs. He said that he is content about the atmosphere in Iran and about the competition taking place in the presidential elections. He added that at the end it is up to the Iranian people to make the choice. However, Obama reiterated what he said in Cairo address stressing that he deems that there is a big possibility of making a change in the Iranian US relations and uttered that what happened in Lebanon on Sunday could happen in Iran today.
To that, US ambassador to the UN Suzan Rice said that the US policy with Iran will be defined according to the result of the Iranian elections. Rice said that the USA thinks that Iran Islamic Republic shall not carry on its nuclear program and the result of the elections will change nothing in this concern.
The head of Ahmadinejad electoral campaign Mojtaba Samareh Hashemi said in a statement puslishe by Fares News Agency that the votes Ahmadinejad won in these elections clear any doubt about his victory since the difference in votes number between him and his competitors and any suspicions about this victory will b considered as a joke. Earlier on Friday, both the outgoing Iranian President Ahmadinejad and his main conservative moderate competitor Mir Hussain Musavi announced their victory after a long electoral day that was characterized by a huge unprecedented turnout.
The US President Barack Obama tackled the issue of the Iranian elections in a short press conference regarding some of the US internal affairs. He said that he is content about the atmosphere in Iran and about the competition taking place in the presidential elections. He added that at the end it is up to the Iranian people to make the choice. However, Obama reiterated what he said in Cairo address stressing that he deems that there is a big possibility of making a change in the Iranian US relations and uttered that what happened in Lebanon on Sunday could happen in Iran today.
To that, US ambassador to the UN Suzan Rice said that the US policy with Iran will be defined according to the result of the Iranian elections. Rice said that the USA thinks that Iran Islamic Republic shall not carry on its nuclear program and the result of the elections will change nothing in this concern.
http://www.alsumaria.tv/en/Iraq-News...-new-term.html
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State institutions were not serious in holding a referendum on the security agreement
The MP for the Kurdistan Islamic Union bloc Sami Atrushi that state institutions were not serious in holding a referendum on the security agreement in the month of July because it did not provide any law but the lost time.
Atrushi said he did not expect to hold a referendum on the security during the convention this year has been integrated with the upcoming legislative elections in mid-January 2010 as proposed by the Council of Ministers.
He believed that the Council of Ministers and the House of Representatives and the Electoral Commission were not serious in holding the referendum in July of this year, as the Council of Ministers has failed to submit a draft referendum law to the Convention during the last period, as it should, and the House of Representatives also failed to submit any project proposal law through its organs, the only claims of the Congress and some of the political blocs to hold the referendum at the time.
http://209.85.229.132/translate_c?hl...uIoK7NSEN34bEw
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Worst appears to be over for oil market - OPEC
Oil demand is still shrinking as the world economy contracts, OPEC said on Friday, but the worst appears to be over for the oil market and stocks should be moving back towards more normal levels by the end of the year.
The Organization of the Petroleum Exporting Countries again cut its forecast for world oil consumption this year, seeing a year-on-year fall of 1.62 million barrels per day (bpd) to 83.8 million bpd, and it said its own output rose slightly in May.
But it said a seasonal increase in demand and its own efforts to restrict supply should gradually reduce the overhang of oil stocks in the market, which have been near record levels.
"The worst appears to be behind us," OPEC said in its Monthly Oil Market Report. "Inventories appear to have peaked."
OPEC said its oil output, excluding Iraq, rose to 25.90 million bpd in May, up from 25.78 million bpd in April.
Oil prices have had a turbulent year, hitting an all-time high of over $147 per barrel in July 2008 before plunging towards $32 in December but then more than doubling.
Benchmark US light crude oil futures were trading around $71.50 per barrel at 02.45pm, UAE time on Friday.
OPEC agreed last year to cut 4.2 million bpd, equal to about five percent of daily world demand, from its output levels in September in an attempt to support prices.
OPEC said its efforts to curb excess supply had helped turn the market around and will reduce global oil inventories.
Although OPEC reduced its forecast for global oil demand this year, predicting consumption in 2009 would be 1.62 million bpd below 2008 levels, compared with a previous forecast of a fall of 1.57 million bpd, its forecast was above the most recent projection by the International Energy Agency (IEA).
The IEA, adviser to 28 industrialised countries, on Thursday forecast global oil demand this year at 83.3 million bpd, down 2.47 million bpd from 2008.
Demand has been falling quickly in the developed nations of the Organisation for Economic Co-operation and Development, but there are increasing signs that the downturn is moderating.
OPEC said its own oil output increased in May by 0.12 million bpd to 25.90 million bpd.
The rise in OPEC output meant the group moved further away from its goal of reducing output, complying with 75 percent of its pledged supply cuts in May, versus 78 percent in April, according to Reuters calculations based on OPEC data.
But analysts said even this level of compliance should ensure a reduction in global oil stocks by the end of this year.
"If OPEC can hold output steady they are going to get pretty significant stock draws in the second half of this year," said Mike Wittner, global head of oil research at Societe Generale.
The producer group, which pumps more than a third of the world's oil, held its output quotas steady when it met in Vienna on May 28.
It saw demand for OPEC oil this year falling by 2.19 million bpd from 2008 to around 28.60 million bpd, with the biggest decline in the second quarter of the year and a slow recovery towards the end of the year.
http://www.arabianbusiness.com/55859...-market---opec
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Ministry of Planning: As of next year, the adoption of a five-year plan for development in Iraq
The Ministry of Planning of its intention to adopt a five-year plan for development in Iraq as of next year.
He said Planning Minister Ali Baban told a news briefing during his visit that the methodology of Muthanna province, five-year plan that the prime minister agreed to implement starting from next year until 2014 would give the provinces of space planning and spending and embark on the implementation of strategic projects.
Papin called provincial departments to exercise the functions and responsibilities and a willingness to develop a five-year plan to prepare for the major development projects, strategy and conceptualization to implementation of ambitious projects.
Baban and asked departments to work on the establishment of provincial industrial city in each province depends on local resources and promote the necessary industries in that province.
He said that his ministry will provide technical support and professional support to all departments of the provinces on this side, and development conference will be held in each province during the current year.
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35 international companies are racing to win the Iraq oil offers :fryingpan
A few days reveal the name of the Iraqi government who are lucky and won a good share of the cake, the oil and gas in Iraq. The government is preparing to announce the winning company offers the license to develop and exploit oil and gas fields in Iraq are among 35 international companies participating in the U.S., most of the race. Is the opening of the tenders on 29 and 30 of this month at a ceremony in Baghdad's Rashid Hotel, the presence of a large crowd interested in the oil sector and the media ..
The Iraqi Oil Minister Hussain al-Shahristani, the competition between the companies will be eligible and will be bidding for four oil fields in the first day and four fields in the second day will be held under the Iraqi standard of service that was submitted to companies meaning that the company will compensate as well as the additional dollars for the barrel of the product of these fields because These fields are currently producing and the oil production ceiling is known and the companies will compensate for the increased effort in the production of any additional production is not what is currently produced from the field. 35 competing companies, including seven international oil companies, U.S. and four Japanese and four Chinese, three British, two Russian, two Italian and two Australian and one from each of the Germany, the Netherlands, Spain, Denmark, Canada, Korea, India, France, Malaysia, Indonesia, India and others to invest nail six fields, most notably the oil fields of North and South Rumaila and Zubair fields in Basra and Amara, Kirkuk as well as the counter gas field in Western Sahara and field Mansourieh in Baquba, north-east of Baghdad. Iraq has reserves of stressing of crude oil and 115 billion barrels of reserves in the exploration phase is 214 billion barrels, as well as the most Hakolamlaqp West Qurna and Majnoon and rivers, where Omar and Rumaila oil was discovered for the first time in Iraq early last century in the oil-rich city of Kirkuk, which lies north of the country as well as vast reserves of natural gas and associated gas.
Most of the fields in which the Iraqi government put forward plans for investment in the seventies, was discovered last century by the oil exploration company, all discovered and developed, evaluated and awaiting investment, as well as a large number of them have already entered the service for years. Shahristani said that the licensing round for the development of oil and gas fields will increase the production capacity of Iraq's oil crude from the current levels at 400 million barrels per day to more than four million barrels per day and that the forthcoming financial returns to Iraq, even on the basis that the price per barrel to $ 40 a barrel, more than 1300 billion dollars during the years of the implementation of contracts and the means to achieve great wealth to take advantage of the development of Iraq.
Iraq needs tens of billions of dollars for the rehabilitation and maintenance of the oil sector, which was severely affected by the wars of Iraq since the eighties of the last century as well as the destruction of a large number of refineries and oil installations and distribution lines, export, and some limitation because of the lack of essential spare parts. Ibrahim said the Minister of Science and Former Iraqi oil to the Deutsche Presse-Agentur (d. b. a) - The foreign oil companies dealing with extreme caution in the context of contracts with Iraq due to the adoption of the law of oil and gas as well as the absence of a framework to manage the process of oil formation, which the Iraqi National Oil Company. He added that Iraq needs major foreign investment in the oil sector, because if it was launched in this area in 2006, he made tens of billions of dollars. According to Uloum, who took a bag of oil in the first government after the U.S. invasion in 2003 and returned and handed the bag in the government of Prime Minister Ibrahim al-Jaafari in 2006 and I disagree in the point of view with the Ministry of Oil in the mechanism of the oil fields to invest where necessary to have multiple axes of dialogue and not just the licensing rounds, which may be complex and could use the center to negotiate with friendly governments for the development of the energy sector in Iraq, but with all that we need foreign investment to develop the oil sector and the financial revenue of the country. The adoption of the law of oil and gas, a major controversy within the Iraqi parliament for more than two years due to the differences in views between bin parliament and the Iraqi government is expected to leave the law to the next parliamentary session after the parliamentary elections to be held early next year. :wigged::rant::flame::mad:
http://translate.google.com/translat...ate.google.com
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Kurds lay claim to oil riches in Iraq as old hatreds flare
Sitting on vast untapped oilfields, the northern Iraqi city of Kirkuk has the natural resources to become one of the wealthiest places in the Middle East. But a standoff has developed between local Kurdish leaders and Baghdad over rights of ownership. And in Kirkuk itself, ethnic tensions are rising.
In mid-2003, as Baghdad fell, Simzad Saeed, 39, returned to Kirkuk to build a house on land he did not own and to stake a claim in a new homeland. He did not mean Iraq. Ever since the Iraqi central government has paid Saeed's salary but, like roughly 200,000 other returned Kurds, he pays his dues to 'Kurdistan'.
"I feel at home," he said from his new lounge. "I was forced to leave after the first Gulf war [in 1991] and we didn't return to our original home six years ago because my father still lives there."
Across town in a ramshackle suburb built on a dried-up swamp, Faisal Mathor Mohammed, a 69-year-old Arab retired army officer from Baghdad, sat sweating in his mud-brick house, which he says was promised to him 22 years ago. He laid down his roots with a government grant.
"I went to the mayor in my town and asked him," the former Iraqi army officer said. "They gave me land in Kirkuk and 10,000 dinars ($30,000) - enough to buy a house outright and furnish it fully in 1987. I have lived here ever since."
Strewn across the landscape between both neighbourhoods are rows of shooting flames, roaring like Roman candles from the desert plain. Shifting winds send an oily film in both directions, letting no one in town forget what lies beneath their feet and what will soon shape their collective destinies.
Over the past six years of violence in Iraq, oil has been the flashpoint in Kirkuk, a city forever home to a combustible mixture of races. Kurds have always claimed Kirkuk as a homeland; Turkomans, Assyrians and Arabs have at various times based empires here. The resulting melting pot of races and clans has never mixed comfortably.
Since the US declared its invasion a success in mid-2003, Kirkuk has seen its biggest population shift in centuries, with Kurds capitalising on a power vacuum in Baghdad and Arabs rushing to reinforce their foothold. Kurds have been accused of ethnically engineering Iraq's most divided city to lay the foundations for a nascent Kurdistan. Arabs have been accused of doing anything - including bombings - to stop the city from escaping their grasp.
All along, Kirkuk has had the feel of a boom-town-in-waiting, sitting on a subterranean lake of fabulous wealth that would one day create fortunes.
"That day is closer than ever," said Sharlet Yohana, 50, an Assyrian woman who works in the Iraqi government-owned oil extractor, the North Oil company. "The real conflict here is about oil," she said from the sitting room of her middle-class home in an Assyrian Christian neighbourhood. "Oil may well provide our future wealth and comforts, but it will also be our damnation.
"We will never have peace until the political problems surrounding the oil are solved. Everyone will suffer, far more than we are now: Kurds, Arabs, Turkmen, Christians. Already we have a curfew from midnight to 5am, and many Christians are blown up or assassinated. They are bringing this to a head now, before the foreign contractors come in."
Later this month, Baghdad will announce the results of a tender for service contracts to start oil extraction. Last week Hussein al-Shahristani, the oil minister, announced a shortlist of companies in the running, among them BP, BG International and Premier Oil.
Foreign companies have circled Kirkuk since the fall of Saddam. Earlier this month, Norwegian and Turkish companies helped one large crude oil field in Iraqi Kurdistan, Tawke, to come on stream for the first time in Iraq since 1972. Kurdish leaders cheered like football fans as live footage was beamed back to Irbil of tankers unloading at an export facility nearby, which will eventually pipe the oil north to Turkey.
A Norwegian engineer stood at the site in the Kurdish foothills where tankers will cart their cargo away, alongside a drawling Texan computer programmer in a straw hat, a Canadian drilling expert and a Turkish site manager. A Kurdish employee pointed to the straw-coloured nearby ranges that border Turkey and said: "This is the land of Saladin, the great Kurdish warrior. He wanted to make peace with everyone, the Crusaders included. But in the end he knew where his home was and how to protect it. And so do we."
Tawke is a relatively new oilfield, the first to be developed since the invasion. Its inauguration was backed by Baghdad despite the central government's anger at a series of production-sharing agreements between the Kurdish government and private companies. This deal, Baghdad says, is acceptable because revenue will be piped back to central government coffers, which will in turn distribute 17% of the proceeds to the Kurdish administration.
To Baghdad, this is how it should be: it runs the show and the provinces pocket their share. The Kurds, however, are celebrating the symbolism of oil dollars flowing from fields they control. The Kurdish government's separate deals have not been nearly as well received by Baghdad, which is withholding up to $400m in revenue that it deems the Kurds have made through contracts they struck that steer profits away from their rightful place in the national coffers.
Iraq's oil minister said last week that Baghdad would not pay any firms who signed deals with the Kurdish regional government. In return, the Kurds are threatening to veto any oil deals signed by the Iraqi government that they don't like.
All sides have been watching the posturing with great interest. "What they do up there will be very instructive for us," said Ahmed al-Othman, 71, a Kurdish native of Kirkuk. Othman goes round town in the traditional Kurdish shirwal (baggy trousers) and says his closest friends are Arabs. "I've never left and I have never thought to leave," he said. "Until recently.
"Last year, my brother was killed by an explosion in the market and so were two shopkeepers I drank coffee with for years. Since then, things have not been the same. Arab eyes don't always look at me now and the marketplace is not what it was. The greed surrounding all the oil may change this place."
Marketplaces were for centuries the one place that locals of all sects would meet. Fruit, falafel and Iraqi bread are still sold alongside butchered lambs dripping blood on to rubbish-strewn pavements.
Locals still mix there, but so, too, do suicide bombers. Kirkuk until recently was a killing field of the Sunni insurgency. But security officials, among them US officers, suggest Kirkuk's militants have long had a Ba'athist flavour. "This was a city that Saddam long tried to orientate towards his regime and to Arab Iraq," said one local intelligence official, a Turkoman.
"There was a strong al-Qaida presence and there are still sleeper cells, but the Ba'athists were stirring the pot more than anywhere else in Iraq except Tikrit."
Major-General Jamal Bakr, the regional police chief, said security had improved about 80% since mid-2007. He confirmed that militants had regularly tried to blow up oil pipelines: "But what we have seen here is similar to the rest of Iraq. Al-Qaida trying to cause havoc, no more, no less." Sunni extremists were foiled in their most recent terrorist attempt when a Syrian youth wearing a suicide vest was tackled trying to enter the Shia al-Hussein mosque.
One of Bakr's officers showed photographs of sappers cutting the suicide vest off the would-be bomber. "He was skinny, and looked unusual with this bomb strapped to him," the officer explained. "That's the only reason we don't have a new sectarian war here. The bomb was enormous."
From his office in a heavily guarded compound at the centre of town, Kirkuk's mayor, Abdul Rahman Fatah, conceded that oil was a major obstacle to progress in Kirkuk, but claimed it was secondary to the continuation of a central government-funded project that pays for Kurds to return to Kirkuk and offers Arabs money to leave. It is this law that funded the return of Simzad Saeed, who has since started work at the agency that paid for his return.
"The real conflict is between the politicians," said Fatah. "It is not really a conflict between the ethnic groups and religions. The issues here are not new; they are historical and well known. Even the Arabs who came here as part of Arabisation were victims. They were sent here by the previous regime and most came from the south of Iraq. Kirkuk was a much better option for them."
Nearby, in an office set up to facilitate the Kurdish and Arab movements, the director, Tahsen Ali Weli, said 92,000 families displaced by Saddam had applied to return, all Kurds or Turkomans.
A total of 28,000 families has so far been allowed to return, most to homes built on new land. Each family has been given 10m dinars (£5,000). The precise number of Arab families who relocated to Kirkuk under Saddam is not known, but 14,700 have applied to leave: they will get 20m dinars (£10,000) each.
Advocates of the Arab claim to Kirkuk, among them an outspoken Sunni MP, Osama al-Najafi, insist the programme, which is authorised by article 140 of Iraq's constitution, is no longer relevant, because it has expired. "The UN in its final report said article 140 was not suitable to solve this problem in its present form," al-Najafi said.
The UN report was released in April after two years of searching for a solution for Kirkuk. The UN recommended a jointly administered region and a referendum to decide the city's future racial complexion. But with the population and mix having changed so markedly and with Baghdad fearing it is now on the wrong side of the ledger, it is highly unlikely to endorse such a ballot.
"The report was unjust and one-sided," al-Najafi complained. "They dealt with the Kurdistan province and Iraq as distinct areas, not one country. And they compared the situation to Northern Ireland and the UK. And when they dealt with the Arab perspective, they put inside quotes and added question marks.
"The Kirkuk problem comes down to oil," he said. "The Kurds want the funds to finance the proposed state of Kurdistan. It is enshrined in the constitution that oil and gas is for all Iraqis. But they have signed a range of contracts from those that are without agreement from the central government.
"This situation cannot continue for long. The tensions are growing and there is no agreement about the shape of the future Iraqi state. There are deep divisions and they are not drawing any closer."
To many Kurds, the divisions are indeed becoming more entrenched. "We don't see this so much as Northern Ireland as a new Jerusalem," said one senior member of the Kurdish parliament. "This is a conflict with a history and we are prepared to play a long game on it. The oil is bringing things to a head rapidly and Baghdad feels it is starting to lose significant ground.
"The Turks remain uneasy in the north, but we will do nothing to provoke them. Time is on our side."
Perhaps realising this, some small-scale rearguard actions are taking place. Several of the Arab families who applied for and received their £10,000 grant to leave took the money and then stayed, prompting claims from Turkomans and Kurds that the article 140 project is now about consolidating the remnants of Arabisation.
Among the hangers-on is retired army officer Faisal Mohammed. "I got the money from the government, but I'm not leaving and I won't be leaving. My sons are here and they won't leave and so, too, our families. If both governments leave the future of the city to the residents, I'm sure we can do a better job of sorting this mess out."
http://www.guardian.co.uk/world/2009...raq-kirkuk-oil
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Atrushi: state institutions were not serious in holding a referendum on the security agreement in July
The Deputy Sami Atrushi of the Kurdistan Islamic Union bloc that state institutions were not serious in holding a referendum on the security agreement in the month of July because it did not provide any law but the lost time.
Atrushi He told the independent press (Iba) today, Saturday: "I do not expect to hold a referendum on the security during the convention this year has been integrated with the upcoming legislative elections in mid-January 2010 as proposed by the Council of Ministers," he said, adding that the elections will take place as proposed by the House of Representatives Saturday 16-1 - 2010 and not the end of the month as previously announced.
He believed that the Council of Ministers and the House of Representatives and the UN High Commissioner Lalla primary election were not serious in holding the referendum in July of this year, as the Council of Ministers has failed to submit a draft referendum law to the Convention during the last period, as it should, and the House of Representatives also failed to submit any proposal of the draft law through the relevant committees, and the only claims of the Congress and some of the political blocs to hold the referendum in time without the submission of a proposal of the law, but in time lost that can not be with the completion of the technical aspects.
He noted that the Electoral Commission did not ask PROFILE But at the end of May where she presented a request to the House of Representatives and the Council of Ministers for the allocation of 99.5 billion dollars, and then we heard the head of the UNHCR says that the UNHCR would not be able to hold the referendum, but the first three conditions have to reach a decision setting a date for the referendum, the second passage of the Law of the referendum, and the third the amount allocated for the referendum, and after that (60) days, we can hold the referendum.
Atrushi and asked that the Office was not hard to make the best allocation request of a few months ago?!, And if we asked a miracle that the parliament has passed a law this month, the Office can conduct a referendum on it is the beginning of the first to defer to the beginning of next year's elections as proposed by the government.
He stressed that the vast majority of the members of the House of Representatives that "I did not say all" with the conduct of the referendum in any time in July, as the text of a resolution of the House of Representatives, adding that it's not possible technically
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Secretary General of Gulf Cooperation Council meeting with Iraqi Ambassador in Riyadh
http://www.investorsiraq.com/images/...s/thinking.gif Office Riyadh 13/6/2009 11:58 pm, met the Secretary General of Gulf Cooperation Council, Abdulrahman bin Hamad al-Attiyah in his office in Riyadh today the headquarters of the Secretariat of the sisterly Republic of Iraq to the Kingdom Dr. Ghanim Alwan Jamili. During the meeting, relations between the Gulf Cooperation Council The Republic of Iraq and the current political developments in the region. The meeting was attended by a number of officials of the Secretariat of the Council.
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Zubeidi in Amman to discuss support of the International Monetary Fund for Iraq
Arrived in the Jordanian capital, Amman, Minister of Finance Bayan Jabr at the head of a delegation of the Iraqi Central Bank Governor Sinan al-Shabibi and adviser to the Ministry of Finance, Aziz Jaafar.
Zubeidi round was held talks with the IMF experts, which included the Ruon Dorrn Ibrahim Tijani and Sioux Warren which was reached agreements on the International Monetary Fund support for Iraq in the field of technical and scientific, through its experts in the area of fiscal policy and oil.
It was also the subject of the discussion of quotas, which represent the development of Iraq's share of the loan amounts allocated to States signed with the IMF and that Iraq can refer to when needed in the event of a decline in oil prices or exports, or the need for Iraq to rebuild the infrastructure of the water projects, energy and other service projects.
It was agreed in principle that the ratio of quota between 5 to 6 billion dollars and the interest rate does not exceed 1% and the duration of not more than five years and renewed after five years the duration of ten years.
It was also agreed to continue the functional and technical meetings between Iraqi experts and experts the International Monetary Fund in mid-July and follow-up discussions, to be presented to the Council of Ministers, after the validation is sent to the House of Representatives and in the case of an initial agreement to be signed the new agreement during the month of September 2009.
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General Authority for Investment: foreign investors in Baghdad soon
The National Authority for Investment of Baghdad in the coming months will witness the presence of a number of representatives of companies, investors and foreign businessmen.
A source in the body in a press release: "The month of September will see the presence of about 100 to 150 representatives from Japanese companies and investors."
He added: "These investors to meet their Iraqi counterparts, in addition to holding official meetings with Iraqi officials."
He said: "The delegation of senior businessmen and French investors will visit Baghdad in conjunction with the visit of French Prime Minister in the coming weeks, and there is a serious desire for German joint conference of the Iraqi German before the end of this year."
The source said: "The beginning of the month of October next will be the convening of the expanded investment in Washington sponsored by large U.S. side, and another in Baghdad in mid-November for businessmen and investors in both countries."
On a related matter called the head of the National Investment Araji Sami representatives of the ministries to make the necessary adjustments on the investment map of Iraq in accordance with developments in the department of an amendment or addition projects.
The Araji period (one week) for the liquidation of investment projects with the former investors and ministries, on the decision to grant or deny requests for investment that are subject of special operations during the Conference Board on follow-up daily.
The phase of the economic recession experienced by the global economy is now a good opportunity for Iraq to take advantage of them is imperative in view of the serious investors to the Iraqis, Arabs and foreigners in Iraq, with its economic capabilities varied.
He warned of the loss of investment opportunities in Iraq because it would bear a great responsibility to all future generations.
Araji said the importance of maintaining the rights of investors and ensure that money from the state through the protection of investors and the emergence of the need to have insurance companies specialized projects and the protection of investors.
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