Thread: Archive News - Iraqi Dinar Think Tank - 08/09/09 - 09/01/10

House of Representatives voted to amend the investment law

House of Representatives voted today to amend the investment law, as was the vote on the ratification of the Convention on the Law of training and maritime support to Iraqi forces.

Source within the parliament stated that the Sadrist bloc questioned the quorum and called up video of the meeting in order to verify a quorum.

It should be noted that the Convention had been held between the Government of Iraq and the United Kingdom and Northern Ireland.

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Communications Minister calls for the admission of investments in the telecommunications sector

Telecoms Minister Farouk Abdel Kader to enter the investment in the telecommunications sector.

The minister said in a press statement that this sector is of great importance in the construction process, stressing the need for its transformation into a magnet for capital.

The statement said the Minister, while presiding over an extended meeting with directors general and the minister focused on the need to follow-up telephone lines broken, calling for a monthly report on the impact of electric wires and the arbitrary digging that impede the services and jobs.

He also called on the minister to coordinate efforts with the provincial assemblies and local councils, especially after the confirmation by the Council of Ministers on the cooperation of government departments, service to overcome the problem of spare telephone cables during drilling operations at random.

It also addressed the reasons for the delay in the repair, and collection revenue, and update the workforce.

http://radionawa.com/Ar/NewsDetailN....441&LinkID=105

Hussain al-Shahristani: International companies agreed to invest oil fields, prices set by the ministry

Oil Minister Hussain al-Shahristani, the consent of the international companies to invest oil fields announced by the ministry in the first round of licenses and prices set by the ministry.

Al-Shahristani said at a news conference: 185
The oil minister said his ministry has reached with other international companies to develop fields, Zubair, West Qurna.

http://radionawa.com/Ar/NewsDetailN....428&LinkID=105

Determine the date for the receipt and opening of tenders for the second oil licensing round

Oil Ministry confirmed that a delegation from the Ministry headed yesterday to Istanbul, Turkey to hold a second workshop with competitors to develop oil fields in the second round of licensing.

An official source at the ministry in a press statement that the workshop will be held to answer questions from competitors in order to determine the deadline for the competition to develop the oil fields of ten. He said he was setting a January date for the receipt and opening of tenders for the second licensing round. He said the number of companies competing for these contracts are 45 companies, stressing that this round will be through the development of 10 oil fields discovered but not developed, the Majnoon, West Qurna Phase II, Halfayeh, Gharraf, a rump (rump West Morgan), east of Baghdad, the northern part, Badra, the Fields collection of Eastern and include (Khashm Red Naoduman, moon, hooks), field Qayyarah, a star.

http://radionawa.com/Ar/NewsDetailN....335&LinkID=105

Development contracts Rumaila fields, West Qurna and Zubair fields in the coming days

Ministry confirmed it will enter into contracts for oil field development Rumaila and West Qurna (first phase) and Zubair fields in the next few days.

An official source at the ministry that production rates for these fields after the conclusion of contracts and development will reach 7 million barrels per day within the next six years. He added that the amount of investment for these fields, which was monitored by the companies reached 100 billion dollars, stressing that these contracts for the Ministry Atklv any amounts.

Meanwhile, Oil Minister Hussain al-Shahristani, the House of Representatives to approve the supplementary budget to complete projects and service delivery.

The minister said that approval of the supplementary budget would complete the project stalled and the current service delivery and implementation of projects related to citizens.

http://radionawa.com/Ar/NewsDetailN....336&LinkID=105

Central Bank: The auction sale and purchase of foreign currencies Announcement No. (1511)

Opened daily auction five hundred and eleven thousand after the sale and purchase of foreign currency in the Central Bank of Iraq day Wednesday, 14/10/2009 The results were as follows: --

1. The number of banks to contribute to the auction (16)

2. Price basis on which the successful bidder, selling dinar / U.S. $ 1170

3. Price basis on which the successful bidder to buy dinars / dollars ......

4. Amount sold by the bank at auction (U.S. $) 118,165,000

5. Amount purchased by the bank at auction (dollars) ........

6. Total Buy Offers (U.S. $) 118,165,000

7. Total Products (U.S. $) ........

8. Selling price of remittances (1173) dinars / USD, including the commission of the Central Bank and (3) dinars per dollar.

9. Cash sales price (1183) dinars / USD, including the central bank and a commission of $ (13) dinars per dollar.

10. Quantity sold for cash of $ (1,500,000) dollar remittances of $ (116,665,000)

11. The central bank earns a commission of (13) dinars per dollar with a discount (8) KD / USD on the amounts purchased, namely that: the purchase price of U.S. dollars in cash = (sale price of the dollar cash - 8).

12. Iraqi Central Bank continues to sell and buy the dollar and the price (1170) and earns the same commission mentioned above

http://radionawa.com/Ar/NewsDetailN....448&LinkID=105

Trade obscure the ration card items to 22 thousand government employees

Ministry of Commerce announced that the number of employees covered by the decision to withhold the ration card items from those who earn salaries of more than one million and 500 thousand dinars or more at 22 thousand employees so far.

An official source in the ministry in a statement that a number of ministries were sent to the Department of Supply and Planning, Ministry of Commerce data for all employees who earn a monthly salary of one million and a half million or more, as numbered by the data 22 thousand employees so far.

For his part, said Director General of the Department of Supply and planning a luxury Riad al-Hashemi that the decision to withhold the ration card items for high income earners only in person does not include family members.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-13

British companies willing to implement industrial and oil projects in Kurdistan

Search Nawzad Hadi, governor of Arbil with a delegation representing a group of British companies in the office to maintain the implementation of oil projects and industry in the Kurdistan region.

Hadi said in a press statement that members of the delegation indicated the willingness of companies to implement a number of projects in the region, particularly in the oil and industrial sectors as soon as possible in the service of common interests

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-13

General Authority for Investment: recent conferences have played a role in attracting companies to operate in Iraq

adviser said the Iraqi National Investment Authority said the feet to hold seminars and conferences over the previous months clearly contributed to the turnout out for companies to operate in various sectors, whether in Baghdad or the provinces.

Dr. Abdullah al-Bandar told the independent press (Iba) said Wednesday that Iraq had made considerable progress in economic reforms, and became the economic performance is encouraging to attract foreign investment, especially after reaching the desired results.

He added that the program is focused on opening the door for all those wishing to work in Iraq, according to certain controls in order to develop infrastructure and strengthen the role of the private sector, despite the relative success in attracting foreign investment, but there is confirmation to overcome all the factors that stood in front of attraction those investments, including security.

Between Bandar and the introduction of various amendments to the legislation and the paragraphs relating to the investment law includes a lot of incentives and guarantees. Stressing the importance of the amendments approved by Parliament in the promotion of companies and businessmen to enter the Iraqi market.

It should be noted that the House adopted amendments to the Law on multiple investment with a number 13 for the year 2006 to facilitate the entry of foreign companies to Iraq.

http://www.ipairaq.com/index.php?nam...onomy&id=16448

Trade: Erdogan's visit to Baghdad will witness the signing of several economic agreements

Britain's Ministry of Commerce, the Turkish Prime Minister Recep Tayyip Erdogan to Baghdad on Thursday will witness the signing of several economic agreements with Iraq.

A statement from the Information Office in the Ministry received by the independent press (Iba) a copy of the meeting attended by the Turkish-Iraqi, Turkish Prime Minister, accompanied by nine ministers of state at the invitation of Turkish Prime Minister Nuri al-Maliki will witness the signing of several agreements and strengthening bilateral economic relations between the two countries.

http://www.ipairaq.com/index.php?nam...onomy&id=16486