Thread: Iraq/Dinar News. 09/05 to 01/14/07

Barazani-Visit
Iraq’s Kurdistan primer ends trip to Baghdad
By Abdul-Hamid Zibari
Arbil, Dec 5, (VOI) – Iraq’s Kurdistan primer Negervan Barzani was back on Tuesday to Arbil after a seven-day visit to Baghdad, an official source said.
“Prime Minister of Kurdistan Region Negervan Barzani arrived today shortly before noon in Arbil after a seven-day visit to Baghdad,” the source told the independent news agency Voices of Iraq (VOI).
During the visit, Mr. Barzani discussed with senior officials in Baghdad issues on the relation between the central and Kurdistan governments, the source added.
“Mr. Barzani is expected to give a news conference within the next few days to make public the outcome of his visit to Baghdad,” the source who asked not to be named said.
Kurdistan Prime Minister arrived early last week in Baghdad and met with the Iraqi President Jalal al-Talabani, Prime Minister Nouri al-Maliki and other senior officials to handle issues related to the region budget, Kirkuk status, and oil investments in Kurdistan region.

Originally Posted by Inscrutable

Well, we are in Dec 06 so they (CBI) still has 20 days to reach the target rate of 1345, if they don't than we should see the failure reflected in the next SBA review.

Susie, you said the next review for the SBA was between the 11-14th of Dec, do you have a link?? Or anyone have a link??

1345 was only a predicted rate and not one they have to meet. They have met all the IMF conditions aside from inflation.....

WASHINGTON, Dec 5 (KUNA) -- The head of parliamentary majority in Iraq, Abdel Aziz Al-Hakim, said Iraq would not be transformed into an arena for settling scores of some warring states of the region and expressed his belief that a federal system in the country would not partition it.

Al-Hakim, addressing a speech to the US Institute of Peace after talks at the White House with US President George W. Bush late on Monday, said the national constitution stipulates that Iraq is a federal state. "Federalism will not divide Iraq but it may cause some fears in some regional countries that have deprived minorities of their rights to have religious and national and legitimate freedoms," he said.

On Iraq's ties with neighboring Iran, he said the Iraqis were seeking to establish an independent state, adding that Baghdad would not seek to "distribute shares of influence to the neighboring states .. rather it would seek to establish balanced and good relations with Kuwait, Saudi Arabia, the south of Turkey, Syria and Jordan." Iraq will not turn into an arena for destabilizing security of the region, settling scores among some of the warring regional nations, Al-Hakim said, linking viable progress and stability in the country to signing security pacts with the neighboring states to combat terrorists and criminals, controlling the borders, boosting capacities of the national security forces, restricting arms to the government forces, achieving national conciliation and halting sectarian violence.

Al-Hakim held talks with US President George W Bush, at a time the US Administration was reviewing its policy in Iraq, amid mounting domestic criticisms of this policy and increasing numbers of US casualties that exceeded 2,900 deaths.

The cleric, also the chairman of the Shiite Supreme Council of the Islamic Revolution in Iraq, warned against bids to weaken powers of religious personalities in Iraq and affirmed their vital role to avert flare-up of a full-scale civil war.

He called for dissolution of armed militias and denied reports that Badr militia of SCIRI was involved in sectarian violence in the country.

Regarding calls to establish a national salvation government to replace the current leadership of Nouri Al-Maliki, he said such a proposal "is an illusion in the minds of some persons," affirming that the current government is constitutional and backed by 12 million citizens, and that its ouster should be through the parliament.(end) amz.
rk

Kuna site|Story page|Iraq won''t turn into an arena for regional confli...12/5/2006

Iraq Study Group to release findings online on Wednesday
By ANNE PLUMMER FLAHERTY

--------------------------------------------------------------------------------

05 December 2006 (AP Worldstream)
The Iraq Study Group's long-awaited report on how the U.S. should overhaul its effort in Iraq will be released online on Wednesday.

The recommendations will be posted to the Web sites of four organizations that have been involved in the effort: the U.S. Institute of Peace (); the Baker Institute for Public Policy at Rice University (); the Center for Strategic and International Studies (); and the Center for the Study of the Presidency ().

The report will be posted at 1600GMT just as the commission begins a news conference formally releasing its work. The panel is headed by former Secretary of State James A. Baker III and former Democratic Rep. Lee Hamilton.

The group's study is seen as the first major bipartisan effort to rethink military and political options in Iraq, where increasing violence has raised questions about the viability of the Iraqi government and U.S. policy.

The group is expected to recommend gradually phasing out the mission of U.S. troops in Iraq from combat to training and supporting Iraqi units, with a goal of pulling back American combat troops by early 2008.

Hi,

Last week we were all getting excited about the ratification of the FIL and the imminent ability to trade on the Iraqi Stock Exchange and now it has all gone quiet again, ANY NEWS ON THIS.

Saudi bourse rise and the rest of the Gulf DECLINE
(Voice of Iraq) - 05-12-2006
Dubai (Reuters) - The stock markets in the Gulf region, fell on Monday except Saudi bourse closed on the rise after a significant drop on Sunday.

Shocked and the Saudi stock market retreated more than six% on Sunday investors around the Gulf and with the decline in the bourse country to its lowest closing level in more than two years and floating a new indicator of the Dubai market, more than three% on the start.

The index for new Dubai financial market, which restricts the weight of the companies at 25% down 3.31% to 3997.29 points.

The reconstruction of the real estate fell 1.73% to 11.35 dirhams ($ 3.09). The shares fell Arab largest real estate companies registered for circulation more than 17% since the beginning of November in November.

"He said Mohamed Yassin, director general of Emirates Securities, "the market has some selling operations to profit-taking in the morning after a small rise on Thursday ... Selling pressure is not over yet, confidence has not improved ... What happened in the rest of the Gulf has not helped. "

.Contributed sales in the bourse, Saudi Arabia on Sunday continued to decline in the market country.And the market index of the Doha Securities 1.66% recording 5830.24 points. The index closed down in the previous six meetings.

He said Dominique Ping indication of the Holding Company for Brokerage and investment "feel reasonably calm markets with low liquidity. We get to the levels investors could begin to accumulate shares and to actually see some local and foreign funds start purchasing. "

He said that the average price for 2006 profits in the bourse country retreat to about 13.

The market index retreated Kuwait Stock Market about two% to its lowest closing him in almost 16 months, amid fears of investors by the government for decades and the commitment of companies disclosure rules.

The index ended at 9164.30 points transactions low 1.79%. The company issued shares of mobile communications losses among the five largest listed companies, was 3.38% up to 2.86 dinars (9.89 dollars). The affected shares of the national real estate and Ajillette of logistics services to cancel contracts for the declining share of national 8.93% to 0.510 dinars, Ajillette shares fell 6.25% to 1.5 dinars.

"He said Youssef al-Qatami of the World Investment House (Zogby) that the market "in a panic now ... That curve downward because of canceled contracts and investigation. "

.Al-Qatami said that the price-earnings ratio in Ajillette shares retreated to nearly seven. The shares have more than 12% since November 27 November when Al-Qabas newspaper reported that the government abolished the eight contracts with the company.

."Al-Qatami said, "many companies in the market is very cheap now ... But the issue is not to what extent is cheap. The question of how it will be politically. "

The indicator Saudi winning only in the Gulf, closed on a slight rise in Analysts say that the enthusiasm of investors for the sale had waned after losses of the previous meeting.

The index increased 0.31% to 7689.71 points, with the rise of the Saudi Company for Electricity 4.26% to 12.25 riyals (3.27 dollars), taking the gains among the ten largest companies market.
The Zogby day coverage of the Saudi Electricity recommendation "buy".

"He said Jamil Matar of the reconstruction of financial services "market witnessed a sale of the excess. Markets are more and more attractive. "

The decline in market index of the Muscat Securities 0.61% to 5434.32 points because of what he said Sankar Kailasam of the Gulf of investment services that resort to individual investors to sell the shares to provide liquidity to subscribe to the initial public offering of Bank of desert, which begins on the 9th of December. WHAT DOES THIS MEAN?

The Abu Dhabi stock exchange index fell 1.24% to 2937.84 points, the lowest closing level since December 23, 2004.

The Bahrain Stock Exchange index fell 1.49% to 2146.58 points.

(Dollar equals 3.673 Emirati dirhams)

((Dollar equivalent of 0.2891 Kuwaiti dinars)

(Dollar equals 3.750 Saudi riyals)

Originally Posted by abbey56

Hi,

Last week we were all getting excited about the ratification of the FIL and the imminent ability to trade on the Iraqi Stock Exchange and now it has all gone quiet again, ANY NEWS ON THIS.

I believe current thinking is 15 days from the announcement date, putting us in that magic 12/15 or so time frame. Someone will correct me if I'm wrong.

Originally Posted by One Oar

I believe current thinking is 15 days from the announcement date, putting us in that magic 12/15 or so time frame. Someone will correct me if I'm wrong.

A lot is pointing to this date........

Originally Posted by MrsCK

Saudi bourse rise and the rest of the Gulf DECLINE
(Voice of Iraq) - 05-12-2006
Dubai (Reuters) - The stock markets in the Gulf region, fell on Monday except Saudi bourse closed on the rise after a significant drop on Sunday.

Shocked and the Saudi stock market retreated more than six% on Sunday investors around the Gulf and with the decline in the bourse country to its lowest closing level in more than two years and floating a new indicator of the Dubai market, more than three% on the start.

The index for new Dubai financial market, which restricts the weight of the companies at 25% down 3.31% to 3997.29 points.

The reconstruction of the real estate fell 1.73% to 11.35 dirhams ($ 3.09). The shares fell Arab largest real estate companies registered for circulation more than 17% since the beginning of November in November.

"He said Mohamed Yassin, director general of Emirates Securities, "the market has some selling operations to profit-taking in the morning after a small rise on Thursday ... Selling pressure is not over yet, confidence has not improved ... What happened in the rest of the Gulf has not helped. "

.Contributed sales in the bourse, Saudi Arabia on Sunday continued to decline in the market country.And the market index of the Doha Securities 1.66% recording 5830.24 points. The index closed down in the previous six meetings.

He said Dominique Ping indication of the Holding Company for Brokerage and investment "feel reasonably calm markets with low liquidity. We get to the levels investors could begin to accumulate shares and to actually see some local and foreign funds start purchasing. "

He said that the average price for 2006 profits in the bourse country retreat to about 13.

The market index retreated Kuwait Stock Market about two% to its lowest closing him in almost 16 months, amid fears of investors by the government for decades and the commitment of companies disclosure rules.

The index ended at 9164.30 points transactions low 1.79%. The company issued shares of mobile communications losses among the five largest listed companies, was 3.38% up to 2.86 dinars (9.89 dollars). The affected shares of the national real estate and Ajillette of logistics services to cancel contracts for the declining share of national 8.93% to 0.510 dinars, Ajillette shares fell 6.25% to 1.5 dinars.

"He said Youssef al-Qatami of the World Investment House (Zogby) that the market "in a panic now ... That curve downward because of canceled contracts and investigation. "

.Al-Qatami said that the price-earnings ratio in Ajillette shares retreated to nearly seven. The shares have more than 12% since November 27 November when Al-Qabas newspaper reported that the government abolished the eight contracts with the company.

."Al-Qatami said, "many companies in the market is very cheap now ... But the issue is not to what extent is cheap. The question of how it will be politically. "

The indicator Saudi winning only in the Gulf, closed on a slight rise in Analysts say that the enthusiasm of investors for the sale had waned after losses of the previous meeting.

The index increased 0.31% to 7689.71 points, with the rise of the Saudi Company for Electricity 4.26% to 12.25 riyals (3.27 dollars), taking the gains among the ten largest companies market.
The Zogby day coverage of the Saudi Electricity recommendation "buy".

"He said Jamil Matar of the reconstruction of financial services "market witnessed a sale of the excess. Markets are more and more attractive. "

The decline in market index of the Muscat Securities 0.61% to 5434.32 points because of what he said Sankar Kailasam of the Gulf of investment services that resort to individual investors to sell the shares to provide liquidity to subscribe to the initial public offering of Bank of desert, which begins on the 9th of December. WHAT DOES THIS MEAN?

The Abu Dhabi stock exchange index fell 1.24% to 2937.84 points, the lowest closing level since December 23, 2004.

The Bahrain Stock Exchange index fell 1.49% to 2146.58 points.

(Dollar equals 3.673 Emirati dirhams)

((Dollar equivalent of 0.2891 Kuwaiti dinars)

(Dollar equals 3.750 Saudi riyals)

Get the FIL enacted and a lot of that money from the profit taking could come pouring into the ISX and send it soaring.

World Bank to grant $100m to boost education sector in Iraq


05 December 2006 (MENAFN)
Iraqi News reported that the World Bank agreed to extend a $100 million loan to Iraq to help improve education there, the first loan to Iraq in over 30 years.

According to a statement released by the bank, the $100 million Third Emergency Education Project (TEEP) will help the Government of Iraq alleviate school overcrowding and lay the groundwork for educational reform.

The statement said that the TEEP builds on the successful experiences of two previous projects financed by grants from the World Bank Iraq Trust Fund, a $40 million textbook project and a $60 million school construction and rehabilitation project.

The Iraqi ministry or education will implement the project and it will contract Iraqi construction companies using internationally accepted competitive procurement procedures.

Iraq's educational system, once considered among the best in the Middle East, has deteriorated over the last twenty years, resulting in poor learning conditions and declining school enrollment.

World Bank to grant $100m to boost education sector in Iraq | Iraq Updates