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

Same article as yesterday, another version

Economist: next year will see the rise of the Iraqi dinar against the dollar

The economist said Ghazi Kanani said that the cause of the stability of the dollar over the past five years, dating back to monetary policy the correct of the Central Bank, expected to see the Iraqi dinar rise against the dollar next year.

The expert said in a statement published agency by news Tuesday that he since 2004 has seen Ataralamriki stable did not affect the exchange rate, as this stability in the interest of consumers and merchants.

He explained that the citizens and merchants were suffering greatly from volatility in the exchange rate, which was reflected in the prices of goods and services.

He noted that the constantly changing exchange rate prior to 2004, the latest upheaval in the economic and trade in the country, as well as central bank reserves.

http://radionawa.com/ar/NewsDetailN....637&LinkID=155

Baghdad Council criticizes lack of institutional commitment to the investment law and warns against the use of force to expel investors

Criticized the Baghdad Provincial Council non-compliance with a number of governmental institutions law in force and violation of investment law by ignoring the role of the Council and the Investment Commission, DC, warning investors to use force to evict them, pointing out that the completed investment projects so far 52 projects out of a hundred aspiring Council to implement the end of this year.

The head of the Baghdad Provincial Council full -Zaidi said in an interview for "Alsumaria News", "The problem of local government in Baghdad of the provincial council with institutions working in the capital, is the bureaucracy of these institutions," noting that "some of which do not abide by the instructions and laws in force as law of Investment No. 30".

He said Zaidi "investment law shows the work of the investment of Baghdad and give full freedom and broad prospects for action in this body, it needs all the investment projects of local serving Baghdad to pass through the gate of this body," noting that "some institutions insist on building projects Through a direct relationship with the national investment, which is a violation of the law."

The head of the Baghdad Provincial Council that the Council "came out in its recent recommendations of the reports not be allowed to adopt any local project by any institution if you do not Authority for Investment and the provincial council note of it," pointing out that "the Council informed the national investment in this procedure only in that some institutions Continues to ignore the role of the Council and the General Authority for Investment."

And established Investment Authority in Baghdad in June 2009, is headed by Shaker al-Zamili, which recently announced the granting of 34 vacation investment from applications submitted to it and the amount of (188) a request from its beginnings, and dispersed leaves between different sectors, where they enjoyed residential projects in nine leaves provide 16 910 Residential units, and tourism projects with eight leaves, and seven leaves industrial and commercial enterprises, service of nine leaves, and health projects Bijaztin.

Zaidi and warned those institutions if it insists on the contrary by following all legal procedures right, noting that it "includes the intervention of security forces that are under the supervision of the provincial council for the expulsion of the investor."

The head of the provincial council that the "Council aspires end of the year 2010 to complete one hundred investment project," pointing out that " done is currently 52 projects in addition to 11 projects under way, and if work was completed by, we will achieve 63 projects from the ambition of the year".

He Zaidi that "all completed projects of small and medium not live up to the level of large enterprises, and number four, two of which are under construction close to completion and two", noting that "in the event of the two projects, four in 2010, we have achieved 50% of large enterprises is Quite a number of ambitious local government."

http://www.alsumarianews.com/ar/3/11...-details-.html

National Alliance supports a mechanism the consensus to break candidate for prime minister in five days

agreed National Alliance in a meeting that ended last night on the adoption of mechanism the consensus for the selection of a candidate as prime minister within five days.

A member of a coalition of state law, Adnan al- Sarraj, "The members of the National Alliance ended yesterday evening meeting lasted several hours and agreed on a mechanism the consensus to break candidate for prime minister within five days."

OS "The coalition gave the an opportunity to candidates Nuri al-Maliki and Adel Abdul-Mahdi to agree to to get out a candidate of them in a maximum period of five days or they would not adopt a new mechanism in the event of failure to reach a solution."

He pointed OS out that the chances of - Maliki is mounting and there is a tendency to him by members of the National Alliance.

The coalition had held four rounds of talks before feast and after the after a hiatus of several weeks after the objection of the National Coalition on Maliki's nomination for a second term.

http://www.radiodijla.com/cgi-bin/ne...-22%2005:42:46

Talabani participate in the fifth annual meeting of CGI International in New York

Co- President Jalal Talabani on the sidelines of the General Assembly of the United Nations in the fifth annual meeting of CGI International, which was held in New York City.

The presidential statement recognizes the Radio Tigris copy of which was former U.S. President Bill Clinton attended the meeting along with a number of world leaders and prime ministers and heads of giant corporations, as well as the heads of the international private sector and a number of non-governmental organizations in the world.

Prior to the meeting was organized by former U.S. President Bill Clinton attended a ceremony to welcome President Talabani heads of delegations participating in the meeting, where President Clinton welcomed Talabani expressed his delight for his participation in the meeting.

And President Clinton at the meeting expressed the hope that Iraq's political leaders to find solutions to problems quickly as possible in order to form a government national partnership includes the basic components in the country, valuing the pivotal role played by Talabani in bringing the views and narrow spaces, the difference between the political parties.

He praised Bill Clinton in his speech a number of political figures and international companies for the leading role in providing humanitarian assistance during disasters and calamities, and called on everyone to play their part in addressing the problems of humanitarian concern in particular the fight against poverty, unemployment and maintaining the climate and the environment.

After the reception ceremony of President Talabani expressed his pleasure to attend the meeting, referring to the importance of these humanitarian activities carried out by States and non-governmental organizations together.

Talabani said "We are in Iraq we do our best to support the issues that concern all humanity," and praised the efforts of former U.S. President Bill Clinton in this path.

http://www.radiodijla.com/cgi-bin/ne...-22%2006:18:21

Haider al-Abadi : Delay in forming the government after a negative impact on the economy and investment in Iraq

Emphasized the leadership of the coalition of the state of law and the President of the Economic Committee in the House of Representatives the previous Haider Abadi, that the delay in forming the government after a great extent on the economic reality of work, has baffled the investment in the country.

Ebadi said in an statement to the Kurdistan News (Akaniwz) The delay in forming a government after the negative is clear the economy and investment in Iraq, due to the decline of many international companies working in Iraq, adding that government institutions on the economy is their great responsibility, a separation between Economic action and political action, while noting that the terrorist attacks disruptive venture, which the Iraqi government is moving forward, after having submitted a global investment firms for the implementation of investment projects is important.

http://radionawa.com/Ar/NewsDetailN....593&LinkID=155

Real estate are rising sharply due to the return of Iraqis from abroad

Director of the ills of Iraq, the real estate market improved Jabbarspb indicators rise in real estate for the return of large numbers of Iraqis who were abroad, pointing to rising real estate prices during the past few days.

Jabbarvi said a statement published by news agency Tuesday that the cause of the low real estate prices before 6 Achehriaud to broadcast government propaganda that the distribution of plots of land and real estate to the citizens, which were not put in only 5%.

He expected to arrive Saralmitr Jabbar in Baghdad to a Dolarao less, said Jabbar that the solution of the housing crisis in the country can be made through the State legislation help in building vertical and provides laws that facilitated the purchase of apartments, any acquisitions.

He improved that such projects lead to a decline in real estate Asar, and the investment process on the market that affect the real estate decline significantly.

http://radionawa.com/Ar/NewsDetailN....664&LinkID=155

Iraq and Syria to dump their old Banias pipeline and agree to build a new line

The Iraqi-Syrian Banias pipeline, built in the early 1950s, is beyond repairs and no longer operational, according to Iraqi and Syrian oil officials.

The officials say the countries have agreed to build a new cross-border pipeline to carry Iraqi crude oil since the old pipeline is no longer fit for oil shipments.

The old pipeline extended for around 800 kilometers from the Iraq’s Kirkuk oilfields to the Syrian terminal of Banias on the Mediterranean.

The pipeline was shut by Syria in the 1980s but was rehabilitated in the late 1990s. It had a capacity of nearly 300,000 barrel of oil per day.

But the portion of the line on the Iraqi side of the border was heavily damaged by U.S. bombing in the 2003-U.S.-led invasion of Iraq and has been out of operation since then.

Iraq was keen to repair the Banias pipeline but the cost of repairs would have exceeded constructing a new one, according to Isam Jihad, Iraqi Oil Ministry’s spokesman.

Jihad said Iraq sought help from foreign firms to repair the pipeline, but they were reluctant to enter into any deals.

The countries then agreed to build a new cross-border pipeline that will accommodate the expected hike in Iraq oil production.

Iraq hopes to see its oil output reaching 12 million barrels a day in a few years. There are also plans for a substantial hike in natural gas output.

Negotiations on building the new oil pipeline are to start in Damascus next week, according to Hassan Zaynab, Syria’s Oil Ministry Undersecretary.

The countries have agreed to build the new pipeline and the next step to seek investors and contractors, Jihad said.

Zaynab said the meeting in Damascus will be confined to experts from both countries as the Iraqi and Syria oil ministers have already signed an agreement to go ahead with construction.

http://www.azzaman.com/english/index...09-21\kurd.htm

Consultant: 85% of banking activities in Iraq government

Adviser said the CBI, on Wednesday, said 85 % of banking activities in Iraq is due to the government banks, saying to call for privatization is positive but by converting state banks to companies and government contribution is not specific.

He said the appearance of Mohammed Saleh told (Voices of Iraq) that "the state banks in Iraq, Mesopotamia and the rational and trade dominate the activities of the banking sector and 85%," while "to Atsahm private banks, only about the remaining 15% due to weak capitalization."

The invitations, which was launched recently for the privatization of banks Aldoualp, sees the benefit in his capacity as an economist as a "positive", and my personal opinion, "can work them into a public joint stock companies offering shares to the public, not privatized."

The number of private banks called in recently to privatize a bank of good government and Mesopotamia, a fraction of what they see as a monopoly never kissed her on the banking sector in Iraq, calling it contradicts the policy of a market economy.

And in favor of the "law of public companies, government banks are allowed to be floated in the Iraqi Stock Exchange," noting that the central bank "to support economic trend stipulated by the Constitution and the judge to shift to market economy."

The number of private banks in Iraq 36 banks until 2009, less capital by up to 50 billion dinars, of which seven joint ventures with foreign counterparts have, as well as seven State banks including the Trade Bank of Iraq, as well as seven Islamic banks and six branches of foreign banks.

http://radionawa.com/ar/NewsDetailN....699&LinkID=155

His Excellency Thamir Al Ghadhban on the Future of Iraq’s Oil and Gas Sector

Interview with the Chairman of the Advisory Committee to the Prime Minister, and Former Oil Minister, His Excellency Thamir Al Ghadhban.

Reproduced with permission from The Energy Exchange, whose Iraq Future Energy 2010 conference runs from 27-28 September 2010 at the Point Hotel Barbaros, Istanbul, Turkey.

With over 35 years direct and hands on experience and with a career spanning Basra Petroleum Company, Iraq National Oil Company and The Ministry of Oil, The Energy Exchange were delighted recently to have the opportunity to speak exclusively with His Excellency Thamir Al Ghadhban, Chairman, Advisory Commission to the Prime Minister of Iraq and former Minister of Oil to gain a snapshot of his views on the immediate and future development of Iraq’s oil and gas sector.

Q: The Energy Exchange: Mr Al Ghadhban, thank you for taking the time to speak with us today.

We are looking forward to having you join us in Istanbul in just 1 weeks time for our inaugural Iraq 2010: Future Energy where we are delighted that you will be contributing with a formal keynote presentation addressing our audience and helping them to understand the current and future outlook for the Iraqi upstream oil industry.

Ahead of the event, can you outline for us, your thoughts on when we might see the formation of Iraq’s next Government? Are we any closer or do you believe there is still a way to go?

A: Thamir Al Ghadhban: It is true that the formation of the government has taken a long time since the election on 7th March, actually too long to be justified.

In view of the recent development in particular within the United Iraqi Alliance and the possibility that a candidate Prime Minister is going to be named within the next two weeks, it’s possible to say that Yes, we are going to witness the formation of the new government within the next few weeks.

Q: The Energy Exchange: The IOCs involvement in Iraq’s hydrocarbon development is still in its infancy. Do you believe the Ministry of Oil taking on the possible role of a more regulating body in the future will help guide its future development through these early stages?

A: Thamir Al Ghadhban: No doubt at all of that. The Ministry of Oil and also other Federal Ministries as well should concentrate on taking a regulatory role besides their planning, follow up and supervisory roles.

The Council of Ministers has recently approved a Road Map for the restructuring of state owned enterprises (SOEs) which is the first major step towards achieving such goals. While the upstream oil and gas companies are excluded, other companies such as refining, gas processing and the downstream companies could be included.

Q: The Energy Exchange: There have been recent discussions surrounding the re-establishment of the Iraq National Oil Company (INOC), which would we believe see the creation of one of the largest oil companies in the world.

Do you see this as a positive and essential step forwards in creating a vital backbone to the industry? Upon its formation, in your view, what do you see its main objectives being?

A: Thamir Al Ghadhban: Yes, and a draft law was prepared by a dedicated Committee which was then approved by the Council of Ministers and sent to the Council of Representatives.

No doubt that its re-establishment is an essential step in creating a modern, dynamic and capable upstream industry to handle the great challenges ahead and to achieve production targets.

The main objectives are to manage the oil and gas upstream industry efficiently, carry out the expansion scheme in all its aspects from field development down to export. INOC from the first day of its re-establishment shall own all the present regional operating companies such NOC, SOC, MOC and any other company to be established in the future.

It is planned as stated in the draft law, to make it an independent company, financially and adminsterally speaking with an empowered management and having all sorts of flexibility including operating outside Iraq.

http://www.iraq-businessnews.com/201...nd-gas-sector/

Osman 's ((brother)) : meetings of the House of Representatives step followed by steps to activate the work of Parliament

MP for the Kurdistan Alliance bloc Mahmoud Othman said the meeting of deputies in the Parliament is a step followed by other steps to activate the work of the Council of Representatives.

Osman said in a statement singled out by the correspondent of the News of the news ((Brother)) : The meeting of a group of MPs with a group of patriots, including organizations of the national society is a task for the deliberation of opinion to reach a way to activate the work of the House of Representatives. He pointed out that "this an invitation from several Personalities, and reasonable debate within the meetings and discussed various topics, including political, security and economic development." adding: "This comes from in order to move the situation to the House of Representatives is a reflection of popular opinion and we react with this opinion."

http://www.khabaar.com/news.php?action=view&id=11979