Thread: Archive News - Iraqi Dinar Think Tank - 22/06/2010 - 04/10/2010

The Ministry of Planning seeks to invest the natural resources in the hands of Iraqi workers

Urged the Ministry of Planning and Development Cooperation on the rehabilitation of industry productivity in preparation for entering the country, the culmination phase of the population groups most capable of production.

The head of the Central Bureau of Statistics Keywords Mahdi said in a statement that the high proportion of the population capable of working in Iraq would harness their ability to service and utilization of natural resources, noting that the age category that begins at the age of 15 years.

The Keywords that a clear strategy to accommodate the manpower in Iraq will depend on the rehabilitation of the productive sectors as industries of manufacturing and infrastructure, pointing out that Iraq is based mainly in the meantime the oil industry.

According to the Ministry of Planning and Development Cooperation, Iraq is one of the young communities that make up the proportion of youth under the age of 18 years, 40 per cent of the total population.

http://radionawa.com/Ar/NewsDetailN....986&LinkID=155

Iraqi Vice President in Cairo, Meets with Mohieldin on Investment Ties

Heading an Iraqi delegation, Iraqi Vice President, Adel Abdel Mahedi, visited the Ministry of Investment headquarters and held a bilateral meeting with officials, followed by extended investment talks joined by chairpersons and representatives of some 30 major economic companies and institutions. Mr. Mahedi and his delegation, which included chairman of Iraq's National Investment Commission (NIC) and a number of Iraqi officials, took a tour at the Ministry's One-Stop Shop and were introduced to facilitations offered to investors.

The visit comes in light of the growing Egyptian-Iraqi economic and investment ties during the past year and there have been mutual exchange visits at the official level, which aimed at enhancing economic relations.

Dr. Mohieldin said, "Since last August's visit to Iraq, the Ministry has been coordinating on receiving a number of Iraqi investment delegations, inviting delegations from NIC and making arrangements for field meetings and visits with a number of Egyptian business associations and investment firms."

The Minister continued by stating that training courses are underway for Iraqi cadres. "The Ministry is enforcing its administrative promotion and qualification program for some 600 Iraqi trainees from investment, stock market, insurance, financial services and asset management sectors in Iraq; and who represent different administrative levels at the central and provincial levels," Dr. Mohieldin noted.

Four training courses have taken place since February 2010. They covered 194 trainees (129 from Iraqi investment institutions at the central and provincial levels, 29 from the insurance sector and 36 from the Iraq Stock Exchange – ISX).

They were trained on administrative skills at the Leadership & Management Development Center (LMDC).

Specialization-based training was also held for trainees at the headquarters of the General Authority for Investment (GAFI), the Egyptian Financial Supervisory Authority (EFSA) and Egyptian Stock Exchange (EGX), in addition to field visits to industrial clusters and investment zones.

The Iraqi Vice-President stressed the importance of Egyptian-Iraqi relations and the need to support Egyptian companies' presence in Iraq, especially within the framework of the joint Arab responsibility to preserve the Arab identity of Iraq.

"Iraq has several investment-attractive areas in which Egyptian companies can invest, especially in the fields of contracting and construction of housing units. The Iraqi market currently needs 500,000 housing units, with demand continuing to rise, in addition to infrastructure projects," he added.

Iraq is seeking to attract more investments. Therefore, the Investment Law has been amended to encourage further investment. More amendments will be introduced to economic legislation.

The Iraqi Vice President commended Egypt for developing training programs for Iraqis, noting that Iraq is still in its construction phase and in need of rehabilitation and training for its cadres in various fields. This will, of course, facilitate and help investors in Iraq.

"Egyptian companies plan to invest in a number of areas in Iraq, topped by pharmaceuticals and medical supplies, food industries, oil production, housing and contracting," Dr. Mohieldin continued.

Egyptian public and private companies participating in the meeting presented their plans for investing in the Iraqi market, the most important areas they can invest in, and developments in projects that have been agreed upon since the Minister of Investment's visit to Iraq last August.

The Iraqi Vice-President welcomed Egyptian companies' desire to support the Iraqi side, expressing hope for further cooperation between the two sides and thanks to the Egyptian political leadership and the Egyptian people.

http://www.investment.gov.eg/en/High...t7-7-2010.aspx

Talks between the state of law and Iraq reach a dead end

A member of the coalition rule of law, on Friday said that coalition talks with the coalition over forming a new government reached an impasse, pointing out that the rule of law opened new channels to resume talks with the National Coalition.

The Abdel-Elah Ali Al Taher told (Voices of Iraq) that their conversations with the Iraqi and come to a standstill due to the post of prime minister and this is unreasonable and unacceptable, adding that invited them to return to dialogue with their partners in the National Alliance and the opening of new channels.

The Al-Taher said the talks with the National Coalition has resumed and is now under way in order to reach agreement on a candidate and still the coalition exists and is now up to the National Coalition for pointing out that the Sadrists and the Supreme Islamic Council were rejected Maliki's nomination for the post, do not know the reason we are trying to find a way to bring water to the Normalcy.

And Abizaid Al Taher "There is great convergence now with the Sadrists and they do not object to the nomination of Maliki, but with certain conditions and Almtalib including reconsideration of the file of the detainees from the mainstream and ask them some important positions, and this is Almtalib Alhbut now."

http://radionawa.com/ar/NewsDetailN....207&LinkID=158

Newspaper: diplomats and former military are turning to consultants and businessmen looking for oil and wealth in Iraqi Kurdistan

with features near the U.S. exit from Iraq, sees a number of diplomats and former military officials in Iraq in the future another, to engage in financial and business sector and consultancy. At a time when the U.S. government plans to keep 50 000 troops to provide advice and counseling to Iraqi forces and other state institutions to find a number of former officials who served in Iraq looming them a chance to engage in the investment sector and to work as independent advisers.

After he left America's former ambassador to the UN Zalmay Khalilzad began his work negotiating with Kurdish officials to become a consultant and pay. But his tenure did not last advisory only seven months when he moved to RAK Petroleum, which he became a member, the company specialized in investing in oil and gas taken from Ras Al Khaimah center it.

The company has a relationship with a Norwegian company, DNO, to have been awarded contracts to explore for oil in northern Iraq that has caused controversy for her relationship with former U.S. official at the United Nations, Peter Galbraith, who helped her get a contract with the Kurds. The Norwegian company has nominated Khalilzad last month to be a member of the board of directors.

In the view of The New York Times that Khalilzad is part of a group of U.S. officials who are looking for job opportunities in areas of northern Iraq 's oil-rich or work as advisers to them.

It says a number of them to visit the region on a regular basis with others took center region of residence, in Arbil, which is developing dramatically. The paper says that the area of northern Iraq is the only place in Iraq, which is still dealing with the Americans as liberators. Kurdish officials boast that in their area, he did not kill any American in addition to being attacked.

The newspaper said the former officials, job seekers are subjected to criticism that they are benefiting personally from the war are the most expensive in American history and severity of their personal interests, but any former officials who deal with it differently, where they say they are making the dream state assistance to strengthen democracy and promote its values.

In any case, relationship between politics and trade marked in the country, by which the two governments and controls the affairs of families accused Balatoukratip and corruption.

In the opinion of the newspaper, a number of U.S. officials who have become businessmen have become fervent defenders of the Kurdish Alqdp which means the right of Kurds to build their own state which is inconsistent with the U.S. goal - at least announced - to preserve the territorial integrity of Iraq. In contrast, the Kurds, using their relationship with the Americans to strengthen their position in Washington and defend them and promote their image in public opinion.

The paper says that the Kurdish region, which is ranked tenth among the states seeking to buy U.S. pressure groups, based on the institution of prosecution of outside groups looking for support groups pressure the United States.

And quotes a U.S. researcher based in Sulaimaniya, said the Kurds like consultants and experts from the U.S. because this means the attention and recognition and credibility.

The Academy has provided this advice to groups such as the American Hunt Oil, which is considered one of the foreign companies got discounts and advantages of the regional government.

For a company Khalilzad and its partners are providing services to customers in relation to trade policy and offer its services to entrepreneurs seeking to search for job opportunities in Afghanistan and Iraq. Khalilzad says he ended his contract consultant with the Kurds after taking his company expand its business.

While working as a consultant and appeared in several occasions, including during the election campaign of Masoud Barzani, president of the region last year. Khalilzad and serves on the board of the American University in Iraq Sulaimaniya. The John Argsto who was an adviser on higher education in the occupation authority to establish the university with the support of Barham Salih, Prime Minister of the Government of the province. It quoted him as saying he had done in the north to achieve what he failed to achieve in Iraq is the introduction of education of Iraq.

It is reported Jay Garner, who served briefly as an administrator for the efforts of reconstruction in post-invasion, saying that the pro-American and the strategic location and oil is what makes the region an ideal partner for America.

He said he has consulted them free, but also a member of the Board of Directors Fast Aksplyrychen.

Given the close relationship between Bush administration officials and former leaders of the Kurds number of them expressed frustration with the administration's demands that Obama's Kurds to offer concessions in the disputed issues between Baghdad and the Kurds ...


http://www.ipairaq.com/index.php?nam...itics&id=27798

Skinner is expected to continue the political stalemate in the next two weeks

Expect the Iraqi government spokesman Ali al-Dabbagh, the continued political impasse in the next two weeks on the government expected, confirming that the recent meetings between representatives of the Iraqi list and the state law did not result in any agreement between them.

Dabbagh said in an interview with "Alsumaria News", "The situation still is now well among all political parties," expected, "the lack of any new development on the political reality of Iraq and over the next two weeks, although negotiations will continue to be to reach consensus", He said.

The member of the coalition of state law that "the meeting of the thumbnails among a coalition of law and the Iraqi held in the presence of Mohammed Allawi, Rafie al-Issawi, Mohammed Tamim by Iraq, and Khalid al-Attiya, Ali al-Dabbagh and Sami al-Askari by state law, but did not produce any agreement between the two blocs".

Dabbagh said that "representatives of the state of law, adhered to the constitutional right of the National Alliance appoints the Prime Minister, and maintained the premises forming the Iraqi government is also expected."

Followed by parliamentary elections that took place on the seventh of last March that the situation of stagnation and political stalemate for more than four months, as a result of convergence of the seats in blocks winner, and the conflict around the block responsible for the formation of the Iraqi government expected, while U.S. forces are ready to end the hostilities on 31 August before Complete withdrawal in the next year.

Saw the stations of the political process in Iraq delays exceeded the time limit set by the Constitution, as happened during the period of the agreement on the constitution in 2005, and what happened after the 2005 elections, when did not get a candidate the United Iraqi Alliance that time Ibrahim al-Jaafari agreement political blocs, thus delaying the formation of the government, for Took about six months, in addition to the delay that accompanied the enactment of the provincial elections in 2009, and also with the enactment of the recent parliamentary elections. In addition to that of the previous parliament sessions of atherosclerosis and the procrastination of some parliamentary blocs led to the disruption of important constitutional legislation formations, such as the Constitutional Court and the accountability and justice.

And about the role to be undertaken by the Iranian Shura Council Speaker Larijani in his visit to Baghdad, expected soon, Dabbagh denied knowing the details of the visit, stressing that "it is preferable to solve our issues in Iraq internally, and avoid interference by regional parties."

The MP for the coalition of state law, Khalid al-Asadi said in an interview with "Alsumaria News", on Wednesday, the President of the Shura Council, Ali Larijani, will in the coming days to visit Iraq, "for the purpose of reassuring the political situation in Iraq," he says.

And meet with the position of Skinner refuses to resolve the question of forming the government through third parties another position, fired the leadership of the Sadrist Bahaa al in an interview with "Alsumaria News" on Thursday, who confirmed that the Sadrists reject a visit to Iran categorically whether to interfere with the formation of the government or the imposition of a candidate Settlement of the prime minister.

It is noteworthy that the political situation in Iraq was a constitutional crisis now, especially with the agreement of the political blocs on Monday, the breach of the deadline set by the Constitution to elect the President of the Republic through the parliament session that was scheduled for Tuesday, 13 of this month with The President of the Republic of the outgoing of the judiciary Iraqi opinion on the constitutionality of the next stage, because there is no legal text that indicates how to deal with them, reported the elimination yesterday in Benin published on the website of the Supreme Judicial Council to let the president continue to continue to discharge until the election of another president, recognizing the breach constitutional happened.

The Iraqi constitution mandates that the President calls for new Council of Representatives to convene within 15 days of the court's endorsement of federal election results, should the new Council be chosen at the first meeting as Chairman and two Vice -Presidents and an absolute majority of the members of the House and through the election by direct secret ballot, and then the Council Representatives during the maximum period of thirty days, the election of the President, and the latter to within 15 days after his election, commissioned candidate of the largest in the House of Representatives to form a government, and is to the Prime Minister in charge of thirty days to complete the task, if not successful president assigns people substitute.

The question being debated among the winners in the elections on the text of the constitutional entitlement Cluster winning the formation of the government, Iraqi constitution in accordance with Article 76 on the eligibility of the parliamentary majority of the formation of the government, while insisting coalition Iraqi (91 seats) that the text refers to the list of winning elections At the time of the rule of law is a coalition (89 seats) means that the text of a cluster, arising from a merger or alliance blocks winner after the election.

http://www.alsumarianews.com/ar/1/89...-details-.html

Economist : Iraq's real problem is the lack of management of State resources to properly

Economic expert said that Iraq's real problem is the lack of management of State resources properly, which is a major impediment to raising the value of the currency to levels higher than the current rate.

Said Bassem Jamil Anton in contact with the agency, the independent press (Iba) that the currency represents the country's economy and the interface is a means and not an economic exchange, noting that the high value of the currency associated with activating the various economic sectors in the country.

He added that the high value of the currency is relevant to the various economic sectors to be there to diversify the sources of national income instead of being limited on oil imports, indicating that the deterioration of the economy in any country and the deterioration of productive sectors is reflected directly on the reality of national currency.

Abizaid and when they come of investment projects is the construction of various infrastructure development projects will result in economic growth and pumping of hard currency within the country.

He pointed out that the central bank pumped through the hard currency in its daily auction is trying in the control of the exchange rate and the price of the national currency and value, but it's hard to increase its value if only a dependence on oil resources.

The sector investment in the country does not take more than 22 % of the state budget, while spending the bulk of the budget on the operational files and petty cash and represents a different one of the impediments to economic growth

http://www.ipairaq.com/index.php?nam...onomy&id=27789

President of the Trade Bank of Iraq : Calls investors in view of the further destruction in Iraq

Said Commercial Bank Chairman Hussein lantern that the bank was able to get back on its feet within hours after the devastating attack in which he was based in Baghdad on the twentieth of June, Faod commercial transactions and exchanges in the next day.

He lantern that the bank is to now has links to scores of financial institutions around the world, and its work in expanding, especially after the decision to expand its services to include the private sector, he said, adding that investors should not lose confidence in the economy of Iraq, despite the security situation, because there are lots of opportunities.

The lantern that "targeting banks is a blow to the natural life of human beings that depend on the exchange and circulation, and therefore, the aim is to disrupt life."

http://www.radiodijla.com/cgi-bin/ne...-16%2012:22:44

Expert warns of oil overproduction

An oil expert on Friday warned of oil overproduction due to competition from producers as well as failure to retain storing of large quantities which are supposedly hitting 12 million barrels by 2017.

“Overproduction as a strategy in the Iraqi oil field after the two rounds of oil tenders might backfire at the national economy, considering expectations by the Organization of Petroleum Exporting Countries (OPEC) and the World Energy Council (WEC) that global markets would absorb only 106 barrels per day (bpd) by 2020, which would increase supply and lower demand on oil,” Dr. Abduljabbar al-Halfi told Aswat al-Iraq news agency.

“Iran and Saudi Arabia would increase their production by 12 million bpd, in addition to other OPEC producers, which would bring about abundant production and consequently Iraq would incur great losses,” said Halfi.

He pointed out that oil companies in this state of affairs usually resort to manufacturing petrochemicals and derivatives outside Europe in a bid to avoid such losses.

Iraq had signed 10 contracts with major global oil corporations during the two rounds of oil tendering held in Baghdad in mid- and late 2009 as part of deals expected to up the oil-rich nation’s production from 2.5 million bpd to 12 million bpd during the next six years.

http://en.aswataliraq.info/?p=134540

Hawrami: oil dealings constitutional and legal and will not discuss the matter with any other party

The Minister of Petroleum and Natural Resources Government of the Kurdistan region, the region to be treated in the oil law, noting that "we are going to talk the matter with the federal government whenever they are stopped the smuggling of these resources to other countries."

The drastically told Kurdistan News (Akaniwz) said on Friday that "we deal in the extraction and sale of oil province unconstitutional" .. stressing that they "will discuss the topic with the federal government if the latter stops all illegal dealings in this area."

He explained that "the region and handles this issue in a transparent manner according to the law and the Constitution does not have something to hide".. he said, adding that "those who attack us, seeking to change the truth."

According to government spokesman Ali al-Dabbagh told a news briefing, as previously reported which refer to export oil through the border crossings in the province of Kurdistan, a subject important to the Iraqi government must take a firm stand against him and noted that the government was sending through the next two days and a delegation to Irbil for the Near to this issue.

Dabbagh stressed that his government do everything possible to avoid harming the economy of the Federal Government and the region.

The Iraqi Oil Minister Hussain al-Shahristani said yesterday that the Cabinet has decided to recall the provincial government officials for the purpose of investigating the issue of oil smuggling.

Having indicated some of the media that the Kurdistan oil is exported illegally to Iran, announced the Kurdish regional president Massoud Barzani during a meeting with the cabinet, he can not export oil resources means illegal and that the Council must deal firmly with the issue.

http://www.aknews.com/ar/aknews/2/164305/

Source: Delay in forming the Iraqi government suspended vital economic projects in the country

The Counsellor, Economic Affairs, the Iraqi government said on Saturday that the delay in forming the new government has halted a large number of vital projects and the task, pointing out that this delay negatively affects the pace of development and investment in the country.

Ahmed told reputation beyond Kurdistan News (Akaniwz) "The delay in forming the Iraqi government for four months, causing delays of more than 780 significant projects and major development that will invest in the country."

"The institutions of government there did not raise any investment project implementation because of fears of late approval of the disbursement of budget due to delays in forming the government."

Hence, foreign investors’ only cogent avenue, to overcome the aforementioned challenges, is to foster a sustainable political capital via a genuine and acculturated corporate social responsibility, and as Abraham Lincoln once said “Public sentiment is everything. With public sentiment, nothing can fail. Without it, nothing can succeed”.

And that "not supposed to be affected by institutions and key ministries such as water resources and municipal public and Construction and Housing and others to form the government."

Iraq relies on oil exports, mainly to support the economy and investment in the country, and reaches Iraq's oil production is currently at 2.5 million barrels a day, the Government announced on several occasions that it has developed a plan to increase oil exports to 12 million barrels per day by 2017.

And Iraq is undergoing a political crisis as a result of the failure of the blocks winning election to an agreement on the formation of the cluster, which will cost the government.

The results of the parliamentary elections of Iraq that took place on the seventh of last March , and announced by the Electoral Commission for the Iraqi elections in 26 of the same month, on the progress of the Iraqi National List in the election by obtaining 91 seats in the House of Representatives of the 325 seats , followed by a coalition of law Winning 89 seats , the resolution of the Iraqi National Coalition came third with 70 seats, the Kurdish Alliance came in fourth place with 43 seats.

http://www.aknews.com/ar/aknews/2/164526/