Thread: Archive News - Iraqi Dinar Think Tank - 01/10/09 - 27/03/10

Al Maliki eyes to end employment in Iraq

Iraqi Prime Minister Nuri Al Maliki affirmed during his visit to Missan not to allow any foreign interference in Iraq's affairs.

Prime Minister Al Maliki stressed the importance of employment in industries and factories in a bid to eradicate unemployment. He pointed out as well to the necessity of implementing an optimal investment plan of the country's natural wealth and spending their revenues on agriculture and politics.

Al Maliki underlined the importance of officials having the sense of helping people and seeking their interests, otherwise, we will all fail, he said.

http://www.alsumaria.tv/en/Iraq-News...t-in-Iraq.html

French ambassador reveals his country's plans to finance infrastructure projects in Iraq

Revealed the French ambassador in Baghdad, Boris Bwalun, Monday, on his country's plans to finance infrastructure projects in Iraq.

The ambassador said in a press conference in Baghdad that the French Agency for Development and took place in November 2009 an agreement for the next presence in Iraq, formally, with effect from September 2010 to finance projects in the sectors of energy, water, agriculture, transportation.

The Bwalun according to a statement issued by the French embassy in Iraq that many French companies qualified staff and Iraqi technicians in the field of water, maintenance of roads and railways, these courses have been funded through the Fund for capital reached 10 million euros by the French governmen.

http://radionawa.com/Ar/NewsDetailN....842&LinkID=155

Maysan al-Shahristani opens new refinery capacity of 30 thousand barrels per day

Opened by Oil Minister Hussain al-Shahristani said on Saturday Maysan new refinery capacity of 30 thousand barrels per day and done by Angels South Refineries Company.

Shahristani said in a speech during the opening ceremony that will be after the completion of Maysan, the liquidator of the major producing provinces of petroleum products, adding that developing the field Halfayah largest oil field by foreign companies will be Maysan provinces of the largest producers of crude oil.

The minister added that the oil companies contracted to develop Halfayah field work will commence on the first of next month, as well as it is considering the development of fields of loose change, and Bazerkan

http://www.radiodijla.com/cgi-bin/ne...?id=2010-02-20

Kurdistan Regional Government expects to increase the volume of foreign investment in the region

Kurdistan Regional Government is expected to increase the volume of foreign investments in the region more than it is now, which surpassed 12 billion dollars, so they proceeded to develop plans to attract such investment.

The president of the Investment Authority in the Government of the Territory Hersh Muharram, "there is an atmosphere attractive for investments in the region and Iraq, and the Government of the region by opening to the Arab countries aiming to make the region an outlet and a platform for the entry of Arab investors in Iraq

http://www.radiodijla.com/cgi-bin/ne...?id=2010-02-21

Oil companies have shown a willingness run the numbers of unemployed

Announced the Department of Labor and Vocational Training, Ministry of Labor that the international oil companies, which won the recent development of oil fields, an expressed need to run large numbers of unemployed registered in the database of the Department to incarcerate them in work over the years.

An official source in the department in a statement that international oil companies BP and McDonald, which together won a World development fields in the province of Basra, an expressed need to run the numbers up to 80% of its import requirements for employment in those fields, adding that these numbers of the unemployed will be hired after the agreement with the two companies.

Meanwhile, the source stressed that the department continues to monitor the implementation of the draft rehabilitation steps young people in the British Development Program grant in the amount of million pounds for the training of young unemployed registered in the database of the Department

http://www.radiodijla.com/cgi-bin/ne...?id=2010-02-21

Financial loan, signed an agreement for Iraq

The Ministry of Finance in Baghdad with the Japanese side of the Convention of the loan provided to Iraq, while calling for regulating transactions retired families of the martyrs e.xecuted by the former regime in their home areas.

The Minister of Finance Baqir al-Zubaidi during the signing of a contract yesterday with the Japanese ambassador in Baghdad and attended Ukawa «morning» that the agreement includes the commitment of the Government of Japan has extended a loan worth up to one billion US dollars to the Iraqi government, noting that the loan will be used in the implementation of three power plants for the processing of potable water to drink in the provinces of Nineveh, Salahuddin and Anbar, and the establishment of a power station crutch in Anbar province and another in the Kurdistan region of Iraq.

He explained that the term of the loan will be divided by forty years as a period of ten years grace, what would be the remaining period to repay the loan, which will be 0,65 percent annual interest, noting that the agreement comes within the framework of cooperation between Iraq and Japan in the areas of finance, economic and keenness to encourage the development efforts and economic stability in Iraq.

It is said that Iraq has already signed a dozen loan agreement to finance the implementation of the twelve projects at a cost of two billion four hundred million dollars were distributed among the sectors of electricity, water, ports, roads, oil, and covered most parts of the country.

On the other hand, the Ministry of the financial transactions of the organization of retired families of the martyrs e.xecuted by the former regime in their home areas.

The director of the national pension in the ministry in a statement received «morning» copy of which was that the national pension would start carrying out the provisions of the law amending the Martyrs Foundation, which will be modified salaries to the families of the martyrs e.xecuted by the former regime, including not less than six hundred thousand dinars a month, assuring the continued coordination committees with the Ministry of Finance on the issuance of instructions for wages and pensions for the families of the martyrs of terrorist acts, as will be the return of all necessary actions to receive the pension if the transactions set up these committees by the General Secretariat of the Council of Ministers and the Commission to work continuously for the success of the smart card project in all provinces.

http://translate.googleusercontent.c...QqjHHVmg27Voxg

Top US general: US has Plan B for slower Iraq exit

The top U.S. general in Iraq said Monday he could slow the exit of U.S. combat forces this year if Iraq's politics are chaotic following elections this spring. Gen. Ray Odierno said there are no signs that will be necessary, but he says he has a Plan B and told his superiors about it during Washington meetings over the past week.

The U.S. has about 96,000 troops in Iraq nearly seven years after the American-led invasion that overthrew dictator Saddam Hussein. That's the lowest number of American forces in the country since the invasion.

Under an agreement negotiated under former President George W. Bush, all combat troops are to leave the country by Aug. 31 although some 50,000 will remain behind to help train Iraqi security forces.

The remaining support troops are to be gone by the end of 2011.

"If you ask me today, I'm fully committed and that's the right course of action," Odierno told reporters at the Pentagon.

However, he noted earlier, "if something happens" between now and late spring - such as problems with the formation of the new Iraqi government following elections next month - the U.S. could slow down the rate of deployments. The U.S. also could speed up the withdrawal if necessary, he said.

When asked whether gays should be allowed to serve openly in the military, Odierno said yes, "as long as we are still able to fight our wars."

His comment was among the first to come from a senior military leader currently leading troops in battle since the Pentagon announced earlier this month that it will study the issue.

Odierno said he hadn't had much time to think about the military's "don't ask, don't tell" policy and said it has been a "non-issue" to him.

"That doesn't mean it's right," he said. "All I'm saying is as I've implemented this war now for seven-years, we've been able to get forces out that are ready and prepared to conduct operations.

"My opinion is everyone should be allowed to serve, as long as we're able to fight our wars and we're able to have forces that are capable of doing whatever they are asked to do," he said.

http://www.fresnobee.com/2010/02/22/...lan-b-for.html

$4.4b Iraq’s oil revenues in January

The Iraqi Oil Ministry said on Tuesday that it achieved a revenues level of $4.416 billion through oil sales of 59.7 million barrels in Jan. 2010.

It said that oil price was $73.97 per barrel.

In Dec. 2009, the Ministry accomplished revenues of $4.449 billion through sales of 61.3 million barrels of oil at a price of $73.39 per barrel.

http://en.aswataliraq.info/?p=127528

Iraqi-Indian commercial conference in Karbala next April

An Indian commercial delegation wrapped up visit to Karbala on Tuesday, where it agreed to hold a commercial conference in the city in mid April with the participation of Iraqi and Indian traders, the advisor of the Karbala Chamber of Commerce said.

“The Indian delegation during its week-long visit knew about the security, trade and tourist reality in the city and held talks with several officials,” Abdulaal al-Yasseri told Aswat al-Iraq news agency.

“The delegation discussed also the latest commercial developments in Iraq, mainly in Karbala and different proposals to boost cooperation between the two countries,” he added.

http://en.aswataliraq.info/?p=127532

CBI sells $159m on Tuesday

The Central Bank of Iraq’s (CBI) dollar sales fell to $159.747 million in its daily auction on Tuesday, compared to $162.06 million in the previous session.

“The demand hit $11.840 million in cash, covered at an exchange rate of 1,170 Iraqi dinars per dollar, and $147.907 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 15 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=127506