Thread: Archive News - Iraqi Dinar Think Tank - 28/03/10 - 21/06/10

Central Bank denies the existence of points of currency funds to the Iraqi market

Denied CBI Metrdd from news that some bodies are funded currency to the Iraqi market without the central bank, indicating that the bank is only authorized funding currency market.

Bank adviser said the appearance of Mohammed Saleh said Tuesday that one of the Zivatna and the fight against crime, money laundering and combating the rumors, noting that the Office of the anti-money laundering, NBD's professionalism and work where many of the inspectors.

He said the bank is to determine the relationship of the Iraqi Dinar to other currencies, either U.S. dollars or other, and Iraq dollar area, because that 95% of its income from foreign currency is one of the oil, the oil market is a market dollars.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-05-04

CBI dollar sales up to $149m

The Central Bank of Iraq’s (CBI) dollar sales went up to reach $149.834 million in its daily auction on Wednesday, compared to $120.810 in the previous session.

“The demand hit $11.610 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $149.224 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 18 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=131234

Hassani: the coming days will witness a new coalition agreement on a candidate as prime minister next

Spokesman coalition rule of law Hassani "The coming days will witness the new alliance agreement, announced his nominee to head the new government," noting that "The selection process will be based on the mechanism for this."

Yesterday saw the announcement of the entry of coalition rule of law and the Iraqi National Coalition within a single block to form the biggest bloc in the new Council of Representatives.

He said al-Hassani in contact with the agency, the independent press (Iba) "Since the announcement of formal talks in the new cluster, it was agreed on some matters regarding the details of the application to choose the next prime minister of the cluster."

The four candidates are vying for the position of the next prime minister and one of the coalition rule of law and three other Iraqi National Coalition.

With regard to the declaration on the participation of other political blocs in the new government said al-Hassani "The statement issued after the merger of coalitions are explained, including the uncertainty does not accept that the new cluster will enter into negotiations with others to find a common vision for the next political scene did not speak for each other." He said.

Some political figures have indicated that negotiations were carried out by the personalities of coalitions with some forces within the existing Iraqi government to form a national partnership to come.

http://www.ipairaq.com/index.php?nam...itics&id=24756

Iraq to announce 3rd round of gas licenses on Thursday

The Oil Ministry will invite global companies on Thursday to invest in the Iraqi gas fields, according to a spokesman of the ministry.

“Oil Minister Hussein al-Shahrestani will announce on Thursday (May 6) a third licensing auction to develop gas fields throughout Iraq,” Essam Jihad told Aswat al-Iraq news agency.

“The ministry has a plan to develop the gas industry within its efforts to turn Iraq into one of the region’s gas producers and exporters,” he added.

Iraq is offering 20-year technical-services contracts to develop Akkas in the western Anbar province, Mansouriya in the eastern Diala province and the Siba gas field in southern Basra province near the border with Iran, ministry officials said last month. During the first and second bidding rounds held last year, Baghdad awarded 10 oil deals to international companies with the aim of boosting crude production to 12 million barrels a day in six to seven years. Iraq is currently producing 2.4 million barrels a day.

Both the 4 trillion-cubic-feet Akkas and the 3.3 trillion-cubic-feet Mansouriya fields were included in the first bidding round last June but weren’t awarded.

The Siba gas field, with estimated proven reserves of more than 3 billion cubic meters, was dropped from the list of oil and gas fields listed in the second bid round which took place last December.

http://en.aswataliraq.info/?p=131240

Specialists in the economic aspect: the law of investment needed to read the new legislative

At a time when dozens of international companies and foreign investors to enter into the investment arena, a student interested in Balcoan economic importance to modify some policies included by the law of investment on the one hand.

And to the publication of this law among the major industrialized countries, companies with a view to attract them to work inside Iraq on the other hand .. And argued that for many foreign investors desire to work within the country, requires intensified efforts to disseminate the contents of the investment law and to explain the main features, especially tax exemptions and customs and other paragraphs which are the means of luring a mission to attract foreign investors.

The House of Representatives ended its mandate was approved with Iraqi investment law number 13 in 2006, this law aims to contribute in attracting major international companies of various disciplines to contribute to the process of reconstruction, which is bent by Iraq years ago.

In addition to the investment law has been the formation of the National Investment Commission, which took it upon themselves to seek to attract foreign investment into the country, which is in dire need of contribution to global companies with high expertise in the reconstruction of many of the vital facilities.

Adviser to the Prime Minister for Economic Affairs Abdul Hussein Al-Anbuge between Speaking for the (morning) the existence of mechanisms of action in the investment law vague, pointing out that the problem is not about laws, but also regarding the mechanics of implementation .. Confirming the absence of instructions covering every area of the legislative in the investment law, and therefore the existence of mechanisms vague and incomplete so far.

He said Anbuge too: that of the suffering of the investment law is the inability of the National Investment Commission of features to enable the investor to the entire law, as the bill includes the paragraphs are many advantages to investors, but there is a failure to enable an investor to those benefits ..

And the absence of Anbuge the case of competition, which emphasized the necessity of its presence during the process of assignment of projects to investors, criticizing the absence by giving some investment opportunities, noting that there is no real competition situation by investors on a particular project means that the selection mechanism would be incorrect ..

Anbuge stressed the importance of holding legislative coverage complete all the paragraphs of the investment law, believing that the investment law, instructions are not integrated and is still working according to the generalities of law, which means it does not cover a lot of space investment .. Indicating that the investment law, many of the pros but the work on the exploitation was not good.

And the Chancellor that the state of uncertainty the most concerned investors from entering Iraq at the present time, pointing out that many companies and capital, the desire to work in Iraq, but that is hindering their arrival is a matter of uncertainty, where they still see a large area of ambiguity, he the importance of investment bodies in this regard and their role in the transformation of that area dark to the investors to believe ..

So stressed economic researcher Amir Hamed to the importance of the National Investment Commission to intensify its efforts to disseminate the paragraphs of the law of investment between the major international companies through a series of conferences for this purpose inside and outside Iraq,

Noting that the Iraqi investment law has several features that are not available to most of the investment laws in neighboring countries or the rest of the scientific, no reason to publish the contents of this law as soon as possible and published between the joints of international companies and major industrial countries to attract them to work in Iraq ..

And entered Iraq since the official announcement of the approval of the investment law to this day a number of foreign investment companies, and the oil sector's share is the most prominent of a number of foreign companies invested.

And saw the rest of the turnout slightly out of proportion to the events witnessed by the oil sector, despite the tireless efforts made towards the invitation of international companies with different jurisdictions, but it blocked the entry of such companies in the period last is the security situation, caused by the reluctance of overseas companies to enter the arena the investment.

http://www.alsabaah.com/paper.php?so...age&sid=101831

Iran, Iraq to Develop 5 Oilfields

Managing director of Iranian Central Oil Fields Company (ICOFC) Alireza Zeighami said Iran and Iraq have come to an agreement to provide a Master Development Plan (MDP) for the development of 5 shared oilfields.

According to the Mehr News Agency, Zeighami said devising such a comprehensive plan aims to attain further information to develop the shared oilfields in the near future; though, he did not name any of these 5 shared fields.

Iran and Iraq have different legal and contractual systems to develop their oil and gas fields. Once a common ground is established between the two nations, development of the shared border fields can be on the agenda.

http://www.zawya.com/Story.cfm/sidZA...05%20Oilfields

Allami: Decision of cancelling candidates’ votes is final

The E.xecutive manager of the Justice and Accountability Commission Ali Allami believes that Iraq’s Presidency view regarding the illegality of cancelling votes of candidates is a political statement that could be validated or not.

The decision of cancelling the votes is final since the judicial decision is not subject to contest for it was issued by the appeals panel, Allami told Alsumaria News.

http://www.alsumaria.tv/en/Iraq-News...-is-final.html

Two Iraqi major blocs form an alliance

Iraqi National Alliance and State of Law Coalition announced on Tuesday their alliance to constitute a single bloc in Parliament and form the new government, coalition officials said.

The alliance was declared in a press conference held at the headquarters of National Alliance member former PM Ibrahim Al Jaafari.

"After rounds of talks between the representatives of Iraqi National Alliance and State of Law Coalition, which are based on national principles that aim to achieve the goals of our people despite the challenges, the two coalitions agreed to form parliamentary bloc," said Abdul Razzak Al Kazimi, an official of the Iraqi National Alliance said at the news conference in Baghdad.

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

Government Committee is entitled to protect Iraqi funds to liquidate amounts of contracts under the memorandum of understanding

Council of Ministers decided to form a committee of several ministries for the dissemination of the country's need for cement importer, and also approved an exception to the Ministry of Health contracting methods set forth in the instructions the implementation of government contracts., "Said government spokesman Ali al-Dabbagh in a press statement received« morning »copy.

Yesterday that the Council of Ministers decided to form a committee from the Ministries of Industry and Construction and Housing, water resources, trade, environment and chaired by the Ministry of Planning for the dissemination of Iraq's need for cement, the importer and the origins regarded as the tariff rate on imported ». He added that the Board approved the establishment of the Ministry of Finance to allocate an amount of 30 million dollars through redeployment from the public budget to finance the contract to be concluded between the Ministry of Transport, a company specialized in the draft recognizes the Iraqi airspace and inviting direct specialist companies and the exclusion of the contract controls and instructions for the implementation of government contracts, as requested by the Ministry of Transport receipt of tenders of companies directly via e-mail the company or by air mail and accept mail The responses received from specialized companies through the website».

The Board authorized the committee formed to protect Iraqi funds to take the decisions required for the liquidation of the remaining amounts of the contracts under the memorandum of understanding (oil-for-food) according to the reports submitted by the Office of Financial Supervision ». He said approval of the Board «an exception to the Ministry of Health contracting methods set forth in the Implementing Regulations of government contracts No. 1 for the year 2008 to buy medicines for TB first line of the Foundation Drug World GDF way of direct purchase continued to be treated in the Ministry of Health with the Foundation for Drug World GDF to ensure full treatment composed of five d.rugs approved globally and taking into account the Ministry, in coordination with the Office of the Inspector General study of cost-speculative and support the appropriate price and purchasing mechanism Foundation medicine world and to ensure access to medication without interruption and coordination between the Ministries of Finance and Health to find the customization required for the purchase of medicines for the treatment of disease tuberculosis during the balance of 2011 and other years that followed «.

The statement said the Council of Ministers: «approved by the Ministry of Finance, regardless of all the dues arising from the Republic of Iraq for the benefit of the Tunisian government as a result crouch Iraqi aircraft in Tunisia under the agreement signed between the two sides on the reduction of debt in March 2009 with the guidance of the Ministry of Foreign Affairs official note to Government of Tunisia to express the appreciation of the Iraqi government for the cooperation of the Tunisian side to resolve one aircraft, and that work is under way to be settled soon and the Ministry of Finance to stop all contacts with the Tunisian side on the file in question and the authorization of the Ministry of Transport to sell the planes is not possible to repair the exception of the controls and rehabilitation could fix it and resolve the issue of planes in Oman, in accordance with the requirements of the Ministry of Transport ». And went on Skinner: »The Council of Ministers approved the exemption of state-owned companies of neighboring countries can be classified within companies sober and supplier of a product gas oil for the Ministry of Electricity to pay to ensure proper implementation and to preserve the continued supply of product oil, gas and lasting power of the country and be exclusively for decades The Ministry of Electricity in the processing of gas oil ».

The statement said: «The Council agreed to authorize the Minister of Finance to negotiate and sign the draft agreement on the encouragement and protection of investment between the Government of the Republic of Iraq and the Government of Slovakia as amended by the State Council on the basis of the provisions of Article 80 / item VI of the Constitution, prepared by the Ministry of Foreign Affairs and document the authorization required to negotiate The signing of the draft Convention mentioned above according to the contexts in which they are accredited and forwarded to the Secretariat of the Council of Ministers for the adjournment of obtaining the signature of the President of the Council of Ministers.

http://www.alsabaah.com/paper.php?so...age&sid=101899

Chairman of the Care Commission inspects banks in Iraq and rational conservation

Kadhim Abdel-Shami, head of the Commission on Social Welfare in the province of Najaf to the banks we visited Iraq and rational process for the distribution of salaries in an orderly fashion to the owners of the smart card.

The office is the process of distributing my wages since the morning until ten o'clock at night.

The Al-Shami was informed citizens who have not paid them the smart card on the need to review the post offices, starting next week

http://najafpc.net/ar/index.php?act=artc&id=376