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

Senior Economist : Iraq has seen growing economically and clear recently due to improved security

Announced an economist Susan Abed Ali, "Iraq has witnessed growing economically and clear recently because of better security and no security operations, which contributed to a boom in commercial activity and economic development."

Ali said that "the actual value of the Iraqi dinar has increased the value of 0.16 for the month of April, when there have been armed operations, have caused deterioration of the economic value of the Iraqi dinar."

The economic expert said that "the storm did not cause the Central Bank to cordon off the economic Iraqi dinar, because the movement of investment in the Iraqi, the recovery of financial circulation between Iraq and a number of countries are Austria, Germany and Morocco."

http://www.radiodijla.com/cgi-bin/ne...?id=2010-06-27

Asiacell signs an advertising and promotions agreement with Leo Burnett
Asiacell – the largest private Iraqi company and the first and only mobile telecommunications company to provide coverage for all of Iraq – signed an agreement with Leo Burnett on Wednesday, the 9th of June 2010, at Leo Burnett’s offices in Amman.

By virtue of this agreement, Leo Burnett will provide Asiacell with its comprehensive advertising and promotional services. The agreement was signed by Dr. Diar Ahmed, CEO at Asiacell, the Marketing Director and Communications and PR Director on behalf of the company and Mr. Kamil Kuran, Managing Director of Leo Burnett Levant and Ms. Joëlle Jammal, Managing Director of Leo Burnett Jordan. This agreement does not terminate Asiacell’s existing advertising and promotions agreement with Wunderman, which also covers Asiacell’s advertising needs within the Iraqi market.

Commenting on this step, Dr. Diar Ahmed said: “We pride ourselves on our partnership with Leo Burnett, which is considered one of the world’s most prominent companies in the advertising and promotions industry. The Iraqi market is a promising environment for the advertising industry, as advertising is an integral and indispensible tool for all sectors and is necessary for their continued success. We aim through this partnership to maintain our ongoing engagement with our subscribers and the Iraqi public, which reflects the transparency and integrity we adopt in all that we do.” Dr. Ahmed added: “We hope that this agreement will be a launching pad to a very successful partnership between Asiacell and Leo Burnett, and we look forward to seeing its positive results on the ground in the near future. We have full confidence in Leo Burnett’s management and creative team’s ability in adding value to our brand positioning in the Iraqi market.”

In turn, both Kuran and Jammal expressed their pride in this partnership with the largest telecom operator in Iraq. They further commended Asiacell on its excellent reputation in the Iraqi telecom market and highlighted Leo Burnett’s commitment in supplying the Iraqi market with the best services. They also indicated that the company’s knowledge and expertise in the telecomm industry across the region will add value and creativity to Asiacell’s marketing operations in Iraq.

Since its inception in 1981 as the first multinational agency in the region, Leo Burnett has grown from a single brand agency to a group of companies that provide a comprehensive range of communications solutions, including advertising, media, public relations, digital and CRM. Today, the group has offices in Dubai, Jeddah, Riyadh, Kuwait, Cairo, Beirut, Casablanca and Amman, and employs over 500 people.

About Asiacell

Asiacell, the first mobile telecommunications company in Iraq, was established in the city of Sulaimaniya in 1999 by the well-known entrepreneur Mr. Faruk Mustafa Rasool. It is today the only national Iraqi telecom network to provide coverage for all of the country's provinces in the north and the south and is the largest private Iraqi company, serving over 7.8 million subscribers and connecting the Iraqi nation together.

http://www.arabianbusiness.com/press...s/detail/41834

Chairman of Investment Authority : The Body is ready to provide all the guarantees for investors, including the oil sector :biggrin: :ro_emote:

The head of the National Investment Commission , Dr. Sami Raouf Al -Araji The full readiness to provide all guarantees and facilities guaranteed by the Investment Law No. (13) for the year 2006 for investors interested in investing in Iraq and in the sectors fabricated, including the oil sector.

"They said in a statement to the reporter There are privileges and facilities several guaranteed investment law in this area for the investor, including freedom of director and the introduction of capital with interest in cash from Iraq with an exemption from duties and taxes for 10 years and other benefits granted to investors, noting that the investment law and its amendments No. (2) for the year 2010, with Law of Investment No. liquidation of crude oil (64) for the year 2007 are an ideal situation and a new investor who wants to invest in the oil sector.

He explained that the refining capacity to be achieved by the refineries as well as rehabilitation of existing refineries will be more than one million five hundred thousand barrels per day, as well as for the establishment of plants to produce electrical energy estimated (1600 to 1800) megawatts consumed in part for the operation of new plants and the other part is added to the national grid Also, the cost of investing in four new refineries, which is seeking to set up the Ministry of Oil will be about (25) billion dollars, and that investment in refineries will be either through direct investment or involvement of the Ministry of Oil on the basis of the partnership between public and private sectors.

He confirmed that the National Investment Commission with the Oil Ministry seeks to contribute to absorb part of the unemployment through the operation of labor-skilled and unskilled, because these refineries will a revival in the field of oil refining which will reflect positively on the economies of the provinces will be established there

He stressed the Commission actively seek to attract foreign investment in all sectors of the country, including the oil sector, as well as creating a real investment partnerships between the private and public Iraqi and foreign private sector.

http://al-iraqnews.net/new/economic-news/14818.html

Iraq's cabinet approves final Shell gas deal

Iraq's cabinet on Tuesday approved a deal with Royal Dutch Shell and Japan's Mitsubishi to capture gas being flared at southern oilfields, government spokesman Ali al-Dabbagh said.

Dabbagh said the partners in the deal planned to invest $12 billion in the project, of which the Iraqi government will hold 51 percent, and had set a target to export 600 million cubic feet of gas per day.

The deal is for a venture in the Basra region to capture and use gas currently being burned off at southern oil fields.

http://www.londonstockexchange.com/e...entId=10551295

Jordan: the company announced the winning bid for the transfer (Iraqi oil) during the month

The Ministry of Energy and Mineral Resources of Jordan to transfer technical and financial offers to tender the transfer of Iraqi crude oil to the kingdom to a specialized committee late last week for examination and the announcement of the winning company in less than a month, according to a source familiar with. The director of media planning at the ministry spokesman Mahmoud scrub Jordan announced last week that seven companies applied to participate in the tender to transport crude oil from the station, "Beja" in Iraq to the site of the Jordan Petroleum Refinery in blue.

Under the tender company will transfer the winning million tonnes from the site (Peggy Kirkuk) in Iraq to the site of the Jordan Petroleum Refinery in blue on the first of August next until 31 July of the year, 2011. It is said that Jordan now gets 10 percent of its oil from Iraq under a memorandum of understanding signed between the two countries, including the processing of Jordan, a part of the needs of Iraqi crude oil, the Iraqi counterpart agreed to increase the amount of rebate on the oil of Kirkuk crude to be increased by 22 dollars a barrel instead of 18 dollars to be download from the Baiji area facilities or facilities of Kirkuk.

The note processing of Jordan with 10 thousand barrels per day of crude oil, which is being increased to 30 thousand barrels per day, an amount appropriate for this type of mixing oil with the oil currently used in the oil refinery. Jordan imports about 3 million barrels per month at 100 thousand barrels per day, mostly from Saudi Arabia, by three monthly deliveries of up to the port of Aqaba from factories in Saudi Arabia.

http://translate.googleusercontent.c...msCIcrk9CS-p-w

Basra's governor discuss with an investment company set up factories for refining oil

Search the governor of Basra Cltag Abboud Mayah with one of the local investment companies, Sunday, the establishment of oil refineries, a primary card to maintain productivity of 500 barrels per day.

Mayah, said that "the project presented by one of the Iraqi investment companies to establish oil refineries in Basra and primary production capacity of 500 barrels per day of gasoline and gas oil."

He pointed out that the company "expressed its willingness to implement the project in Basra province within a short period after the granting approvals fundamentalism", noting that "the opinion of the questionnaire will be South Refineries Company in Basra about the economic feasibility of implementing this project in the city of Basra."

http://translate.googleusercontent.c...ejkD32-jTRZl7g

Barzani and Abd al-Mahdi discuss steps to form a government

Search Kurdish regional President Massoud Barzani and Vice President Adel Abdul Mahdi, on Monday, political developments and steps to form a new government through a convergence of views, according to a statement by the presidency of the region.

The statement said that Barzani and Abd al-Mahdi in search of Monday in the resort of Salah al -Din in Arbil political developments and steps to form a new government and remove the obstacles encountered in order to bridge the gap in views between the parties and political blocs, pointing out that the two sides stressed the need to form a true partnership with the participation of actors and winner of the Managing the matters of the country, and not to deport any component of the major components in Iraq.

http://radionawa.com/ar/NewsDetailN....224&LinkID=151

Talabani discussed on the sidelines of the summit five Arab situation with Amr Moussa

Search by President Jalal Talabani, on Monday, with Amr Moussa, the Arab situation and the mechanism of joint Arab action and the development of the structure of the Arab League, as well as on the latest situation in Iraq, according to a presidential statement.

The statement said Talabani, a search on the sidelines of the summit five with the secretary general, Amr Moussa, the Arab situation in general and the mechanism of joint Arab action and the development of restructuring the Arab League, as well as an update on the situation in Iraq, particularly with regard to form the next government based on the true national partnership.

Began in the Libyan capital of Tripoli (Monday) of the summit five senior at the presidential level to develop a comprehensive document to develop the system of joint Arab action to implement the decision of the Sirte summit of Arab twenty-second, in the presence of Egyptian President Hosni Mubarak and Qatari Emir Sheikh Hamad bin Khalifa Al-Thani and Yemeni President Ali Abdullah God's favor.

The statement said the five-concluded summit on Monday afternoon and it issued a set of recommendations on the development system of joint Arab action to be presented to extraordinary Arab summit to be held in Libya, also in October next year, 2010.

http://radionawa.com/ar/NewsDetailN....229&LinkID=151

Hasani: the upcoming meeting between Maliki and Allawi came in response to the first visit by Allawi

He said the official spokesman for the state of law Hassani said the upcoming meeting between Maliki and Iyad Allawi as a response to the visit by Allawi to the owners of which will be discussed in the formation of the government, as in all the dialogues that take place with the political blocs.

And Hassani, in a statement carried by the news agency of news they do not want to exaggerate this Allqaaalamia but certainly important meetings between the rule of law and Iraqi forces and within the scope of ongoing dialogues between the various political blocs in order to speed up the formation of the government. Al Hassani confirmed that the time passes and people waiting, despite the presence of the government now, but the political atmosphere and the media sometimes leads people to wonder when the government is formed, indicating that there is an election and have their entitlements and of the elections to form a new government put forward a new program for the advancement of, and may differ -party software On the other hand, in this regard.

http://radionawa.com/ar/NewsDetailN....254&LinkID=151

Trade ... our concern in the ration card covered the activities of the ministry

The Director of the Department of private sector development in the Ministry of Commerce this morning Abboud Abdel-Karim that the effort of the ministry through the provision of the ration card items covered all the activities and work of the ministry.

Abdul Karim said in a statement carried There Extraordinary efforts Efforts within the private sector, and the Department of External Relations and companies that operate without noise, such as supermarket, exhibitions, and construction and all this has not been prominent not is highlighted because of the perception that the Ministry of Commerce (Ministry of Food).

The Meanwhile Abdel- Karim That got preliminary approval to put up plant (the mobilization and mixing tea) to the company's general food trade in Baghdad for investment and transferred the project idea to the board of the company mentioned indicating that the plant was May stop production since a long time, though the restart and exploit it would provide a good quality of tea in addition to providing potential Khoznip with the possibility of hire, which is Has Machinery and equipment in addition to the stores with ready-made space Khoznip wide can be used as required work.

Airth support the private sector brought about through training courses and participation in the Deputations International Exhibition to be held outside the home.

Abdul Karim stressed on the role of the private sector in the development process Through coordination and full cooperation with the General Authority for Investment and bodies operating in the provinces of knowledge of projects eligible for investment in each province and to demand a statement Need for investors. Indicating that most of the projects that have been forwarded to investors, according to the latest statistics are by Iraqi investors along with a few foreign investors.

http://al-iraqnews.net/new/local-news/14900.html