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

Laying down new regulations for dealing in foreign currency hard between Iraq and some countries

The government consultant said Salam al-Quraishi, said many of the problems the government faced in facilitating the deal in hard currency and the huge sums, which may help the growing corruption, particularly in state institutions.

He Qureshi told the secrets of the Middle Iraqi Wednesday, that there are some procedures will be followed by the financial supervisory agencies on the subject to reduce the smuggling of money abroad, especially from some senior officials in the state.

He said Qureshi, that the proposal made by the Integrity Commission to adjust the amount of money smuggled out of Iraq, pointing out that the issue of dealing with money of hard-currency government will seek to develop a law that defines how to handle them and how to drive massive amounts of money from Iraq to the outside.

http://radionawa.com/Ar/NewsDetailN....078&LinkID=155

Oil Ministry decided to pay the costs of developing oil fields of Kurdistan for global companies

He pointed out that the media in the Iraqi Oil Ministry, Assem Jihad, the cabinet's approval to pay benefits and real costs for international companies to develop oil fields in Kurdistan.

The Jihad in a statement to Radio NOAA, that this step is beneficial for Iraq in general and the region in particular.

http://radionawa.com/Ar/NewsDetailN....082&LinkID=155

Kurdistan Alliance decides not to challenge the election results

Confirmed leader of the Kurdistan Alliance bloc Mahma Khalil said his bloc had decided not to challenge the election results, recently announced a call for speedy ratification of the names of the winners to move forward in the first meeting of the new parliament.

Khalil said in a statement published by the Iraqi media reported that the Kurdistan Alliance has a desire to enter into serious negotiations that contribute to the formation of the largest parliamentary bloc, and after agreement on finding a government of national partnership, which includes all components of the political winner.

He added that the delay in this matter will allow the terrorist organizations to exploit disagreements between Alvrkaoualssayasin launch their attacks against innocent Iraqis and therefore bears the Federal Court the responsibility for delaying ratification of the results of the elections that Iraqis have sacrificed a lot for access to the polls because of violence, which coincided with election day.

http://radionawa.com/ar/NewsDetailN....124&LinkID=151

OS: will be announced on the name of the candidate for Prime Minister within ten days

A member of a coalition of law Adnan OS that he will finish the work of committees formed coalitions on Thursday and will be announced on the mechanisms for the selection of candidates will be announced within ten days for the name of the candidate for Prime Minister.

The large in a press statement about the post of prime minister in the next government, Nouri al-Maliki is the favorite to win a second term since there was no nomination of candidates by the national coalition, but has been trading names such as Ibrahim al-Jaafari and Adel Abdul-Mahdi, and Baqir al-Zubaidi.

http://radionawa.com/ar/NewsDetailN....113&LinkID=158

Warns Baghdad operations of the scheme to rob the government and private banks

Baghdad Operations Command announced that al-Qaeda in Iraq is planning to rob the government and private banks in Baghdad, by the financial crisis experienced by the organization.

The spokesman for Baghdad operations, Major General Qassim Atta told a news conference that "al Qaeda is going through a financial crisis after a large majority of the sources of financing, therefore, are currently being planned, according to intelligence sources for the robberies of banks, civil and governmental, retail jewelers gold."

The Atta, "the Baghdad operations and to reduce these operations and plans and procedures are in place tight security on the premises to be targeted to prevent them, and cut off all sources of funding to this organization."

http://www.radiodijla.com/cgi-bin/ne...?id=2010-05-19

Economist: decline of the euro has a positive impact and negative impact on the Iraqi economy

The economist said on behalf of Abdul-Hadi, the decline witnessed by the euro in global markets will have a positive impact and negative at the same time the Iraqi economy.

Abdul-Hadi in contact with the agency, the independent press (Iba) that the positive impact lies in the fact that the foreign reserves in Iraq as a whole dollar, adding that the price of the dollar against the depreciation of the euro will increase the purchasing power of the dollar, which constitutes the basis of precautions foreign, which in turn lead to the importation of goods more than offset by the price and exchange the same purchasing power, especially goods from the European Union.

"Either the negative impact of the decline of the euro is limited in the price of a barrel of oil priced in spite of the dollar, but no link between the dollar and the euro in two currencies being essential in the global economy, leading to the possibility of lower oil prices, which affect negatively on imports of Iraqi oil.

He noted that the decline of the euro is not atheism, pointing out that the treatment methods pursued by the EU found a promising pumped through and customize the size of subsidies to 120 billion dollars.

Abizaid and Abdul Hadi waiting for the impact of the treatment that the European Union has taken and what can be reflected in the global economy and oil prices generally, because the long-term decline rates without the natural oil will affect the Iraqi budget.

http://www.ipairaq.com/index.php?nam...onomy&id=25475

Barzani says he will “chop off the black hands” of Iraqi Kurds protesting murder of journalist

The mysterious kidnapping and then killing of a Kurdish journalist in the northern Iraqi city of Arbil has unnerved Iraqi Kurds.

Demonstrations have swept several areas in the region and political parties are demanding an independent investigation.

The journalist Sardashet Othman was critical of the Kurdish regional government and its head, Massoud Barzani.

He wrote extensively on how corrupted Barzani’s government has become. But it seems the Barzanis – the powerful tribe which Massoud leads – could not tolerate his criticism, particularly in an article which appeared in the online journal, Kurdistan Post.

In that article, Othman talks of a dream he had about being Barzani’s son-in-law. He imagined what would happen to him and his family and his tribe if the dream was true.

He said he would suddenly become one of the wealthiest in the Kurdish region and his family and his tribe would immediately turn into millionaires.

Only days after that article, Othman was kidnapped in front of a mosque in the heart of Arbil, then killed and his body dumped in the outskirts of the restive Iraqi city of Mosul, one of the main strongholds of Qaeda in Iraq.

Othman’s killing has fueled anger across the region and sparked demonstrations demanding an investigation.

The Barzani family and tribe take almost everything for granted in the region and have done what they have done with total impunity.

But Othman’s murder has put the family and the tribe under immense pressure.

In a strongly worded statement, Massoud Barzani, who is also head of the Kurdistan Democratic Party and leader of heavily armed Kurdish militias, warned that he would “chop off the black hands” of those disturbing peace and the ‘democratic’ experiment in his region.

The journalist was a member of the opposition Kurdish party the Change List, the movement which enjoys a large following particularly in the Kurdish Province of Sulaimaniya.

http://www.azzaman.com/english/index...05-20\kurd.htm

Rehabilitation of Iraqi companies out of the general economic recovery

Adel Karim, Deputy Minister of Industry and Minerals for Development and Investment completed the works to prepare Tahady company is a major achievement for the Ministry of Industry and Minerals and the country's economy, because the company is one of the large corporations, which task has an effective role in the service of the local economy through specialization that goes into the most important areas in which oil, cement, electricity, and during the manufacture of engines and precipitators capacity and voltages.

Karim said in an interview for economic morning after being hit by most of the departments and institutions of the Iraqi state to acts of sabotage in 2003 and the period that followed it, has become of those institutions and companies, including companies and the Ministry of Industry and Minerals constitute a burden on the state due to stoppage of work and of State for the salaries of all its members and expenditures their own, so the expanded Ministry of Industry and Minerals to the transfer of the reality and suffering of their companies to higher levels in the country to achieve the advancement and work on rehabilitation to recover and reputation, and contribute to supporting the industrial sector to upgrade it to a level comparable to the importer, has increased the ministry's insistence after the link number of companies in the manufacturing military disbanded the Ministry of Industry and Minerals within the scope of work and functions of the ministry and its responsibilities.

He started reaching out to the ministry a success after enabling them to get the customizations required by the government for the rehabilitation of all the companies within the investment plans, which started in 2008 and will continue until 2011, it has been life company to challenge the public through the extraordinary efforts made by the cadres of the company through bring their experience and abilities available. Where rehabilitation work has been done and the coefficient of company departments, laboratories and production lines and with great success.

After that we were able to allocate funds for the rehabilitation of the company. He said the role of the owners of the company, which contributed to his experience and efficiency in the rebirth of this company, which had been exposed to vandalism and then fully in 2003, indicating that the company is currently ready to play their role within the framework of their specialization to serve the public and private sectors, and that the company has become dependent on itself to cover the expenses.

Meanwhile, a general manager of the general challenge Razak Obeis Marzouk, who talked to us about technical matters and management of the Company and provided a detailed explanation on the work of the company and its production lines and the nature of their product and the most important ministries and departments that need to product the company. He called on ministries of oil, electricity and others to activate joint cooperation and the signing of contracts of employment with the challenge, that they are public companies specialized engineering work, electrical, mechanical, notably the rehabilitation and rebuilding of electrostatic dust to protect the environment from the harmful effects of dust generated during the operation of cement plants, indicating that the company carried out number of contracts which included the rehabilitation of some of the precipitators in cement plants (leap, Kirkuk, fresh bathroom, COPD, Kufa, Karbala, Samawah ) as well as contracts for the supply and construction of new precipitators and world-class advanced. He was the opening line for the production of some components of the precipitators, a plate sedimentation and the lords of the dump, which is part of new projects for the company and there is a plan to engage in the manufacture of electrostatic precipitators, rather than importing them from taking advantage of possibilities and staffs specialized in the company as the first stage is the completion of a production line plate sedimentation and the lords of the dump is ready for operation while the second stage, opening line of processors the ability to precipitators soon followed by third stage is the manufacture of full precipitants within the country calling attention to that other activities of the company is processing files, drives the high voltage and make the process of rehabilitation and re-tweaking of the engine, as the company has large number of engines that working hard electric 3300 volts and 6600 volts are used in power plants and oil refineries and cement plants and most of the industrial facilities.

Marzouk, the company that challenge and specialized work in service enterprises large and not for people, the most important problems faced by the hesitation or delay the beneficiaries to sign employment contracts with the company, which will reflect negatively on the production process of the company, the company has the capability and staffing specialist efficient and production lines that enable increase revenue for the company and to cover expenses if the company charged with acts of the projects of both the Ministry of Electricity and the Oil Ministry, which represent the chief beneficiary of the company's production, hoping to increase the volume of cooperation between the company and those ministries. He noted that the production plant specializes in the production of electromagnetic components of current and voltage transformers used in electric grids and power plants to produce electricity in addition to sister companies that use these products in the industry such as electrical panels, distribution panels and terminals fund.

Where the rehabilitation of this plant in 2008 and 2009 amounts of investment plan, supported and developed the production line vital and important for the large segment of the state's departments, and after that has been imported this plant entirely from China were trained Mlakath to be a high level of efficiency and is ready now to produce adapters pressure The low plastic adapters and high-pressure cast Balersn, adding that the rehabilitation process were by the two phases included the processing part of the equipment and machinery in 2008 and then completed in 2009 with a total amount disbursed for this project about one billion and 600 million Iraqi dinars and energy design and the expected economic return of 750 million dinars a year could be increased this energy if Matuevert labor contracts.

Eng Muhannad Abdul Hussein, head of the engines told us, saying: «This workshop will work for the rehabilitation of engines high voltage capability up to 5000 kW and is found for the rehabilitation of the engines idle and the difficulty of importing such engines under the current circumstances and the company has contracts with ministries and government departments have evolved work in 2010 in the workshop from the import machinery in 2005 and the opening of a workshop production in 2008 of the implementation of contracts for qualifying small-to-rewind full use of raw materials, explaining that these engines within industrial fields numerous, as is the Ministry of Electricity and Ministry of Oil and cement plants and the Ministry of Water Resources major clients to take advantage of such engines to resolve bottlenecks that occur in electric power.

http://translate.googleusercontent.c...fxVLkkNcZ-wCrw

Assem Jihad: the source of oil revenues from the Kurdistan region will return to the Central Treasury

Spokesperson of the Ministry of Oil Assem Jihad said the prime minister's approval for payment of financial companies to develop oil fields and ordering, the Ministry of Finance that it paves the way for the resumption of export of oil from the Kurdistan region of Iraq.

The Jihad said in a statement, Thursday that the Finance Ministry will pay the financial dues to the actual development of oil fields and up to the stage of production after the Commission's study, which includes the Ministry of Finance and oil companies and the Oil Ministry and the Kurdistan region to benefit these companies.

Jihad and that this process is not related to the oil contracts concluded by the region with global companies, but is to resume the export of oil from the region through the national pipeline network at a rate of 100 thousand barrels per day, indicating that export revenues will return to the central treasury.

http://radionawa.com/Ar/NewsDetailN....241&LinkID=155

CBI sells $124m on Thursday

The Central Bank of Iraq’s (CBI) dollar sales went down to reach $124.190 million in its daily auction on Thursday, compared to $169.100 in the previous session.

“The demand hit $1.710 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $122.480 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 14 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=131998