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

Heres an article about the stock market if anyone can make sense of it...

Economic event: Velttenbeh control agencies are suffering as investors

Hossam Alsamuk

Is it possible to remain playing sick and mechanisms are prevailing in our financial transactions related to dare without any stopping or limiting their practices. This is happening in the stock market, which organizers invoked procedures Bastiahm than the right of equity losses cost shareholders billions of dollars. A statement by the Chairman of the Board of Governors of the market to solve the enormous deterioration of the prices of shares, which reached the brink of collapse or almost. However, the implementation of the Investment Law, forgetting - or forgetting - that the indiscriminate policies and mechanisms adopted by the expediency with an array of intermediaries who dominate both contexts outside work bourses in the world,

What Genoa (forced) of Aulat Atado to be mostly of fool and trap and the rhythm of investors, which led the market transactions related to a continuing downward trend in stock prices dropped to below 95% of the market Agyamha approved until investors are largely at what is going on in the arena for much of today bars gambling while the brokers and similar means of foot-dragging.

That arouses Concerns anybody of the means of duplicity list that none of the control agencies and inspection beginning of the integrity or the Office of Financial Supervision or judicial organs, had not shown any interest in the demands of the shareholders affected who reported that the numbers of more than one million shareholders, but that the letters and reports and complaints, which rose to the Cabinet and the concerned bodies in all specialties did not leave only impressions will be circulated irony time of the omission of all those quarters of what is happening practices to say the least it (strange and dishonest) in the institution that is supposed to be the title of the safety of transactions, and the accuracy of performance.

Given this reality, which began more deteriorated bear market management cost to investors and national wealth generally losses snuck benefits to the pockets of Private dominant-without right-market intermediaries, skyrocketing their pockets investment and bank accounts of fifty thousand dinars a paid-up capital for their companies billions they started competing and who compete to possess more of a brokerage firm to redouble their resources and who compete to build palaces lot Tnath counterparts in the Harithiya and the rest of Baghdad's suburbs infeasible.

Such events allow us to urge the Supreme economic, and regulatory institutions accredited to the excesses began to notice the silence by the other is outside and sin should be held accountable by the judicial (Alsakton) while becoming the sins of pride.

Translated version of http://www.uruklink.net/

Cheers!
DayDream

Originally Posted by rvalreadydang

wow safed out of stock, i think that's a first

There is a discussion about this going on in the Banking Thread.....I have a pending order with SafeD and I hope I get!

Check here:

http://www.rolclub.com/iraqi-dinar-d...news-here.html

Neno has moved the discussion to the proper thread here.....Thanks Neno!

American political elite is using Iraq as an ex cuse for fighting internal political wars, a different reality is taking shape in parts of this war-torn nation. Wherever some measure of security is assured - that is to say in more than 80 percent of Iraq - towns and villages long left to die a slow death are creeping back to life.

Nowhere is this slow but steady return to life more startling than in Um Qasr, in the southeast extremity of Iraq on the Persian Gulf. Four years ago, this was a jumble of rusting quays, abandoned houses and gutted buildings. By the spring of 2003, its population had dwindled to a few dozen, along with hundreds of stray dogs. There was even talk of abandoning it altogether.

Today, however, Um Qasr is back in business as a port with commercial and military functions. Hundreds of families that had left after the first Gulf War in 1991 have returned - joining many more who have come from all over Iraq.

The boom in Um Qasr is part of a broader picture that also includes Basra (the sprawling metropolis of southern Iraq), the Shi'ite "holy" cities of Najaf and Karbala, Mandali on the Iranian border and much of Baghdad.

When the International Monetary Fund and the World Bank reported two years ago that the Iraqi economy was heading for a boom, skeptics dismissed it as misplaced optimism. Now, however, even some of those who opposed the toppling of Saddam Hussein admit that many Iraqis share that optimism.

Newsweek has just hailed the emergence of a booming market economy in Iraq as "the mother of all surprises," noting that "Iraqis are more optimistic about the future than most Americans are." The reason, of course, is that Iraqis know what is going on in their country while Americans are fed a diet of exclusively negative reporting from Iraq.

The growing dynamism of the Iraqi economy is reflected in the steady increase in the value of the national currency, the dinar, against the three currencies in direct competition with it in the Iraqi marketplace: the Iranian rial, the Kuwaiti dinar and the U.S. dollar, since January 2006

No doubt, part of the dinar's strength reflects the rise in Iraq's income from oil exports to almost $40 billion in 2006, an all-time record. But oil alone does not explain all, since both Iran and Kuwait are bigger exporters than Iraq.

The fact that civil-servant salaries have increased by almost 30 percent, with a further 30 percent due to come into effect early next year, also has helped boost demand.

But a good part of the boom is due to an unexpected flow of foreign capital. This has been facilitated by the prospect of a liberal law on direct foreign investments, which exists only in such free-trade parts of the region as Dubai and Bahrain. None of Iraq's six neighbors offers such guarantee for the free flow of capital to and from the country.

Since the fall of Saddam Hussein in 2003, the number of private companies in Iraq has increased from a mere 8,000 to more than 35,000 this year. Each week an average of 60 new companies spring up in Iraq's booming areas. A good part of the investment in southern Iraq, including in Um Qasr, comes from Kuwait and the United Arab Emirates.

"Whatever happens, Iraq is Iraq," says a Kuwaiti businessman, building hotels in the south. "Iraq will always remain the country with the world's largest oil reserves and the Middle East's biggest resources of water."

One hears similar comments from local and foreign businessmen investing in real estate in Najaf and Karbala. Over 200 million Shiite Muslims regard the cities as holy. Najaf and Karbala have always been dream destinations for pilgrims. Under Saddam Hussein, however, few foreign pilgrims were allowed. With the despot gone, pilgrims are pouring in - and with them the fresh money.

That good business is possible in Iraq is reflected in the performance of new companies, most of which did not exist three years ago. One privately owned mobile phone company is expected to report revenues of more than $500 million this year, a sevenfold increase in three years. Another private firm marketing soft drinks has seen profits double since the end of 2003. The number of luxury cars imported has risen from a few hundred in 2002 to more than 20,000 this year.

But what about continued terrorist attacks? Most foreign investors coming to make money in Iraq shrug their shoulders. "Doing business in any Arab country is always risky," says a Turkish investor who has set up a trucking company and a taxi service. "In some Arab countries, you risk nationalization or straight confiscation by the ruler. In other Arab countries, you must give a cut to one of the emirs. Here, you face possible terrorist attacks. But such attacks are transitory."

The relatively low cost of labor is another attraction to investors. Wages in Iraq, where unemployment is over 30 percent, are less than a quarter of the going rates in Kuwait. Nevertheless, the Iraqi boom appears to be attracting some Iranian laborers from areas close to the border - people who come in for a few days to make some money before returning home.

Although Prime Minister Nouri al-Maliki's government has slowed down the pace of privatization, the foundations of the command economy created by Saddam continue to crumble.

The transition from a rentier economy - in which virtually the whole of the population depended on government handouts - to a free-market capitalist one entails much hardship for some segments of society. Many pensioners and some civil servants find it hard to make ends meet as prices rise across the board. The end of government subsidies on virtually everything - from bread and sugar to gasoline and water - is also causing hardship.

But, judging by the talk in teahouses and the debate in Iraq's new and pluralist media, most people welcome the switch to capitalism and regard it as an exciting adventure.

As trucks are loaded with a variety of imports destined for Baghdad, I ask the drivers what they think would happen if the multi-national force, led by the United States, left Iraq soon. Most shrug their shoulders.

"Why leave?" one driver asks. "Do I abandon the goods that have come from such a long way before they reach their destination?"

This amounts to a plea to "stay the course." The man in Um Qasr does not know that in the United States the phrase "staying the course" drives so many up the wall.


THE BOOM OUTSIDE BAGHDAD By AMIR TAHERI - New York Post Online Edition: Seven

In a nutshell this long article says that even with the raises, it means NOTHING!

Economic event : Having wiped out by the high cost of living. The employee's pay is not sufficient to provide the necessary requirements


Were the conditions of Iraqi staff generally in light of economic policies to the former regime a matter of pity for the rest of segments of society What was wares, the staff member from Rateb, after the trouble of a full month of work to Ayovr has more than subsistence life-only the salary is the new and in spite of the increase that came onto it has not been able to stand for long about the requirements of life whose prices have been through improving the some extent fury are synchronized crises started to worries the the citizen and consuming much of its resources and including those costs which become the citizen borne because of the problems of fuel and electricity, transport and housing Valeratb did not take into account several of which were important relate to the lives of Officer-family since if there is no provision of service and habitation, couple and children addition to this, the this salary bowed to the the personal interpretations of several by ministries the page allocated different between a ministry and the other

Office of the High Integrity had organized a conference last year designed to improve the level of salaries to civil servants in a bid to eradicate corruption and put an end to the imbalance in the salary scales for staff in order to unite the various peace again when all ministries except that this new peace has not been applied to date

(Extent) tried to from the investigation shed light on the the reality of current peace-for the salaries of State officials and the extent of adequacy of the citizen or the Iraqi individual especially after the costs have risen life and become these salaries do not meet the only easy for the requirements of the citizen the necessary was the outset with Dr. Salam Ahmad Professor of economics at the University-Mustansereya to address us on the fundamentals and standards, which are placed on that basis the re-staff salaries of the State saying : it must be admitted that it is difficult-building agenda of the rates of wages and salaries in the development of economic unstable country where they rely salaries according to the level of prices in the local market and that take into account the theme general level of wages in the light of inflation rates in the local market but what happened is in Iraq, after the fall of the regime that the salary hits came the reaction of political and social to the suffering tasted Officer-the Iraqi in the previous period since felt like an Turning an important objective and a wide range of low rates to wages to the rates very good only that this matter withdrew on the reality of the Iraqi economy When exceed wages be no increase in expenditure, and therefore increase the demand for commodities service afternoon we have the clear incapacity to market service and commodity Prompt situations inflation accelerated despite the fact that price the banking of the dinar had improved relatively of the dollar rate of exchange bringing the inflation and clear result supply deficits of keeping abreast of demand and this in turn led to an increase in prices and this increase took a large share of the real income of Officer adding that the local markets witnessed the entry of many of the commodities electric quick consumption and foodstuffs were absent such as carbonated drinks and some kinds of fruits and goods related to Building and Urbanization from construction materials, REINFORCING ... Etc..

Which grew from the delayed arrival of such materials is the current security situation, which is lived in the country and even if it reaches they would amount steep prices high a result of a rise in transport fares and freight came from and which refers to the deficit market service says that this market represented by the services sector that can not imported, it is assumed that progress through the production of local and owing to a deficit in basic services such as electricity, fuel and health services have sought refuge in the citizen to the other alternatives, it shares disinterest in generator, and bought fuel the black market prices, redouble and far from theirs real and even medicines it is are bought by steep prices in addition to the high transport fares and housing all of this has created we have the additional costs had not been into account the harsh took on a great deal of income Had there were services available and at appropriate prices moderate for Hafez the Iraqi citizen on the level of real incomes have.

(Salaries are unprofitable)
Dr. Abdel the settlor Hamid researcher economic in the Ministry of Planning and says that the staff salaries of current State are unprofitable, or sufficient for most grades functional adding that the current increments which will apply early next year would not be sufficient to improve the career ladder TO SALARIES These increase came as limited at rates for Atlbi the ambitions of the State Employees addition to the fact that these increases will not cover all segments of society but has restricted itself to certain category explaining that the recovery in the salaries of the staff of the State after the fall of the regime the Principles in, lasted for only six months where the Rateb, the State Employees ranges between (100-300) dollars also most of the staff the State had not taken advantage of their money, good use when we know that the vast majority of whom were suffering from significant shortfall in the provision of electrical appliances in their homes which caused them to buy where turnout was on those articles severely pointing out that the most important criteria which should be applied in improving the current peace-for staff salaries is the certificate, service and the site career this, from an administrative point and but on the other hand the State must take into account inflation which happening in the market is pointless to Give five hundred thousand dinars which is Rateb, a fixed monthly and there clear movement in prices takes through improving the days after another stressing the problem which now faces us is that the original of salary or what is called PRSI nominal Officer a very low and does not meet the ambitious should therefore to be in tune with the living situation of the citizen in general, nor I believe that there is a problem in we take the tests some States which have adopted procedures important for improving the salaries of its employees.

The university professor Said Abdul-Jabbar and says I am now a university professor recognizes Rateb amount of five hundred thousand dinars, and the title and functional department head, and I have four children and wife even if we have the division of salary on the total family members to save less than two dollars a day if I and my family are living below the poverty line, this case applies to the vast majority of the state except grades special up their salaries to two million dinars over, he said, adding that there should be a correlation between the rate of inflation and salaries granted to the staff.

Professor Assistant Ahmed Ibrahim (Textbook at the University of Baghdad) Then he tells been noticeable with great regret that the prices tend towards altitude when obtain any increase in salaries which would lead to the elimination of the virtues of increases developments There are a large section him means spending on things the necessary life such as housing, clothing and durable goods either as springboards for beyond these such as build a house or invest the surplus in the certain projects yield some benefits or the purchase of precious metals or car, it is not possible and not accessible to by the official Iraqis, particularly are married and of overindebted the burden of family affirming that no a clear vision to address the economic matters resolutions already quick could have negative and positive at the same time. True that there has been a significant increase in staff salaries, but at the same time there is a large segment idle and this is a pressure socially and politically, and have negative great.

Mr. Abdul Zahra Al Saeedy chairman of the Federation of State Employees says we demand that justice is done between the staff of various institutions Salaries current browser justice in the distribution employee who receives three hundred thousand dinars for example, we find that his paid nine hundred thousand dinars in other institutions and two live in the shadow of an economic and political one and lead similar missions Why this difference in salary.

Translated version of http://www.uruklink.net/

Cheers!
DayDream

Please excuse if already posted. Thank you.

Baghdad morning
Iraqi officials reached a tentative agreement on the areas of oil will negotiate contracts for oil fields with foreign investors, but the central government gives the final word.

.Iraq needs strongly to foreign investment to revive its economy, which relies heavily on oil export revenues. The country's third largest oil reserves in the world.
.Sources close to the negotiations that Prime Minister Nuri al-Maliki, "he agreed that" the draft law which is expected to approve and adopt political Cabinet him.
."The sources added that the law calls for the formation of a national council of oil headed either Prime Minister or the Deputy Prime Minister and the rejection of authority deals oilfields. A source said to Reuters "negotiate within the framework of the specific standards and models of investment by the Council of the Federal oil and gas ... The presence of a representative of the Council. "
He added, "If the opposition insisted on the contract award is a body of experts" independents.
The sources added that the Minister of Petroleum and the Central Bank Governor, and representatives from each region and experts in the fields of oil, finance and the economy will be members of the Council.
.The source said "the government of the Kurdish area, review existing contracts to be consistent with the law.
"The sources said "contracts would apply only if there is no objection by the Board. If rejected by the Board within a certain time period is 60 days does not become valid. "
The sources said that the law calls for the conversion of the oil companies to the Coalition to a holding company and production units for the management of the different areas of the sector.
.The sources quoted Iraqi officials as saying that the law will be referred to Parliament for ratification, according likely to be issued early next year.

The Oil Ministry is seeking to build the largest oil refinery in Iraq

Baghdad : Al-Sabah Al-Jadeed

An official source at the Oil Ministry said that the ministry was currently negotiating with the company (ABB hit a raw) and the Company (Howe Wacker) and the American (Stiank), in addition to one Iraqi companies to proceed with the implementation of building a refinery Mesopotamia, in the governorate of Karbala bounties south of Baghdad. "

The source pointed out that the ministry asked the companies to make some amendments to the submissions from before, "he said, emphasizing that these amendments technical, commercial and related amounts for the implementation of the project and develop methods and clear of contract.
He added that this project would be subject to approval by the Council of Ministers after the termination of negotiations for ratification. He added that the project, whose design capacity of 140 thousand barrels of crude oil, will provide all types of derivatives to a number of Central provinces in which it is located.

Stressing that the direct implementation of this project will be in the first quarter of next year, adding that to be implemented Stsgrk three years, and that the cost will exceed $ 2 billion global art techniques for building oil refineries.

source pointed out that the refineries in Iraq has suffered from benign neglect for many years by not building any refinery in Iraq since the mid-1980s. Pointing out that the ministry had prepared a plan to build a number of refineries various sizes in all governorates

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DayDream

Another version of the oil agreement art.

Iraqi officials reached a tentative agreement on the areas of oil will negotiate contracts for oil fields with foreign investors, but the central government gives the final word.




.Iraq needs strongly to foreign investment to revive its economy, which relies heavily on oil export revenues. The country's third largest oil reserves in the world.
له.Sources close to the negotiations that Prime Minister Nuri al-Maliki, "he agreed that" the draft law which is expected to approve and adopt political Cabinet him.
."The sources added that the law calls for the formation of a national council of oil headed either Prime Minister or the Deputy Prime Minister and the rejection of authority deals oilfields. A source said to Reuters "negotiate within the framework of the specific standards and models of investment by the Council of the Federal oil and gas ... The presence of a representative of the Council. "
.He added, "If the opposition insisted on the contract award is a body of experts" independents.
وتابعت.The sources added that the Minister of Petroleum and the Central Bank Governor, and representatives from each region and experts in the fields of oil, finance and the economy will be members of the Council.
وقال .The source said "the government of the Kurdish area, review existing contracts to be consistent with the law.
."The sources said "contracts would apply only if there is no objection by the Board. If rejected by the Board within a certain time period is 60 days does not become valid. "
.The sources said that the law calls for the conversion of the oil companies to the Coalition to a holding company and production units for the management of the different areas of the sector.
.The sources quoted Iraqi officials as saying that the law will be referred to Parliament for ratification, according likely to be issued early next year.

Translated version of http://www.alsabaah.com/

Sorry if posted before...

Osman new rounds of talks between the Governments of Baghdad and Cordstan

New Aribl morning :
A leading coalition Alcordstani Sunday : There are further rounds of talks between the government of the territory Cordstan and the central government in Baghdad will be held after Eid Al-Adha, pointing to progress in the talks years.

The member of the House of the Iraqi (Alliance Alcordstani) Mahmoud Othman said that the two talks, which were held during the years between the central government and the government of the territory Cordstan on disputed issues such as the budget, oil and normalization in Kirkuk which resulted in the access to concrete progress.

Uthman added : the budget has become almost agreed, and there is progress in the cases of the oil and normalization of the situation in Kirkuk. He pointed out that the optimism of a positive outcome will lead all of the Prime Minister Nuri al-Maliki and head of government Cordstan Nigervan Barzani to hold further rounds of talks between the two governments.

He said : Alcordstani member of the coalition that those talks will be held after the Eid Al-Adha holiday, pointing out that the previous two rounds not reach final conclusions about the oil because of the travel and Oil Minister, Dr. Hussein Shahrastani outside the country, and his return will lead to easier access to the agreement to put such a law. Othman explained that the application of Article (140) of the Constitution concerning the normalization of the situation in Kirkuk and the results arrived at the talks in some cases, with some of the other aspects remained outstanding between the two governments, pending further research. The head of the government of the territory Cordstan Najirfan Barzani said, upon arrival in Irbil last week after a visit to Baghdad : The week-long talks with the central government on a number of disputed issues between the two parties had yielded good results.

Barzani explained that it had been agreed to grant (17%) of the budget of Iraq to the territory Cordstan, and that the Iraqi government is going to the territorial government an amount of (364) million dollars remaining from the budget in 2006, pointing out that the Kurdish government has the right to discuss the issue of oil investment with foreign companies, and that oil imports will be distributed to the regions according to the population.

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DayDream

Sorry if already posted


Iraq's Kirkuk factions organize conference on Article 140

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

24 December 2006 (BBC Monitoring)
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[Presenter] Civil society and professional organizations in Kirkuk have organized a conference in Kirkuk in support of the implementation of constitutional Article 140 for the normalization of Kirkuk and other Arabized areas of Kurdistan. The Kirkuk governor, political parties' representatives and government officials took part in the event.

[Reporter] The democratic and professional organizations in Kirkuk have held a conference under the slogan: "Brotherhood, peaceful coexistence and reconstruction", in support of Article 140 of federal Iraq's constitution on the normalization of Kirkuk. [Passage omitted, repeat of the first paragraph]

Kirkuk Governor Abd al-Rahman Mustafa was the first speaker to address the conference. He briefed the conference on the toppled Ba'thist regime's policies regarding changing the city's demography. He considered the implementation of Article 140 as the remedy for the current conflicts and problems. He said that the three consecutive governments who took power following the Iraq liberation process had been negligent.

Rizgar Haji Hama and Adnan Kirkuki read out a statement by the conference's high committee in Arabic and Kurdish. The two speakers called on the Kurdistan [Region] government to play a more active role in order to accelerate the implementation of the article [140], as the deadline is approaching. [Passage omitted]

[Conference participant] The conference embraces all civil society organization including all political factions, various ethnicities and people representing religions. The conference's main objective is to support the faithful attempts by the Kurdistan parliament, the regional president, the regional government and the respectful brothers of the Kurdistan Alliance bloc in Baghdad, for the implementation of the article [140]. It is an attempt to strengthen the people's power. It is a message to the Iraqi authority to implement the article because this is a fateful issue. The people of Kurdistan and Kirkuk are not ready to give up. It is a message for those internal and external people who ask for deferment of the implementation of the article. [Passage omitted: another speaker comments on the conference].

[Reporter] The conference decided to forward a memorandum to the president of federal Iraq, Kurdistan Region's president, the Iraqi premier and the parliaments of Iraq and Kurdistan. The memorandum emphasized the necessity of implementing the article [140] and expressed rejection of the Baker-Hamilton report.

[Passage omitted: people demonstrated against Baker-Hamilton report in front of the US consulate in Kirkuk]

Source: Kurdistan Satellite TV, Arbil

Again, please excuse if already posted. Thank you.

Available we need a body independent investment and new industrial road Baghdad Yasser incumbent
Through an economist expressed optimism in the possibility of the Iraqi economy to achieve growth, stability and progress of the weapons possessed by the conditions and requirements of development of the availability of technical manpower and capital resources and oil and others.

.He said Vice President of the Federation of Iraqi businessmen Bassem Jamil Antoine in his response to a question by Al (morning) on the importance of the new investment law in the activation and development of the economy we need to genuine investors to Amstthmrin speculators to activate various economic sectors and take advantage of this opportunity, which promise valuable for companies that sounded the global opportunities for Ataud twice.
He identified several factors that will be the law already, although it has criticized the law which was drafted without the participation of businessmen in a fingerprint when they are involved in its implementation. He pointed out that foreign investors looked Alidor important for businessmen to believe that the trend is toward a market economy.
.Antoine effects in the very important point when called for a new industrial map of the country and the creation of advanced industrial cities in various regions of the country and to provide all the services it supplies electricity, energy, water and other services. He pointed out that the industrial cities of existing backward and Ateke purpose for the advancement of our industrial future.
.One of the axioms of activating the investment to provide stability and security situation ... The availability of sophisticated banking system capable of financing large projects and insurance companies capable of ensuring the projects and their owners.
He said, The investment law has done so far, but enough to pass a law on paper ... It must create the appropriate ground in the forefront of the Security Council, where bold foreign investors to invest in Iraq at the time that the Iraqis were close fugitives outside the country.
.He added. We need supplements law, notably the composition of the investment. Where there has been constituted, and called for the need to speed up the feed, through the private sector in a number equal to the public sector. ...(omit).....
....He alluded to the fact that the private investment law Kurdistan. The way to the implementation of unhindered as global companies preceded the law's flexibility in Kurdistan, with the side Alamoni economic stability is the basic intentions to give the right of foreign investors to buy and own land in return for the privileges granted to the province pointing out the success of other investment requirements, such as the availability of airports in Irbil and Sulaymaniyah, where aid in the movement of investor safety.
.He said : More than 2500 companies worldwide are now mostly in Turkish Kurdistan, where the investment opportunity invested successful Asked about the possibility of activating the investment law in the southern provinces enjoyed a good investment environment and a stable security situation to a certain extent.....(omit)

..The results of the meetings achieved by the European attend the conference, organized by the Organization Almusiad Economic Commission of the Organization of the Islamic Conference in cooperation with the Fbi in Istanbul, where he was the Union's role in the transfer of the real picture about Iraq and its needs for construction, reconstruction and the word "president of the Mr. Ragheb Blebel maximum effect in drawing the attention of the delegates and achieved good results in explaining the new investment law and the advantages and invited Turkish investors and foreigners to benefit from the law and Ana great opportunity.
..As the company to engage in the import tenders to the Iraqi market and the processing requirements of various government departments.
.The Deputy Chairman of the European Union to new EU in 2007 as Union intends opening offices and branches of the Union outside Iraq, in Jordan, Syria and the United Arab Emirates after obtaining approvals States official to be the centers to facilitate the tasks of businessmen in their commercial dealings, pointing out that the goal of attracting European businessmen immigrants into the country, but this proposal comes in the framework of freedom of businessmen in the exercise of their activity.
.. (omit)....He said : aim of this action is to deal between the Iraqi businessmen and foreign companies directly without intermediaries and hold genuine partnership serves the country's economic development and the exclusion of middlemen who empty profits at the expense of the Iraqi citizen.
:Perhaps the most prominent Maevcher by the Russian proposal is the inclusion of existing projects old and suffering from depression and the failure of the investment law which was welcomed and supported the parliament and the presidency, introduced in the loss of law and on the question about the eligibility of the Iraqi economy, the privatization of state-owned enterprises said Antoine :
.We believe in openness and warn of the transition process indiscriminate forfeit riches of the country and the people and that it had a social impact on the citizens. We call for a balanced approach moderate stages of the transition to a market economy and we must take advantage of global experiences that have preceded us in this regard.
(Antoine said : We must also Ankhadda conditions of the IMF and the World Bank in terms of Amlaouathma but draw useful of these mechanisms and we have economists able to move the Iraqi economy steps towards balanced development. Moreover, Iraq is not a country hungry busy, but the wealth of material wealth and ancient people and sophisticated. The technical competencies that have had long experience in building the economy and the role seen in the countries of the world and their experiences