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

Advisor to the Finance Ministry : Attacks on banks would not affect her work or on the deposits of citizens

Said a finance ministry adviser for banks Zia Khyoun the positions of the state generally suffered from terrorist attacks , including the banks for being one of the cornerstones in the Iraqi economy and one of the vital institutions in the country, noting that the attacks would not affect the operation of banks or on the deposits of citizens.

The Khyoun in contact with the agency, the independent press (Iba) these attacks are proof of the existence of terrorist groups because they are unable to influence the work of banks or to constitute a threat to its coffers, because we have alternative sites that can get down to work through, and public funds reserved in the coffers of immune and losses Disadvantageously in the documents and the premises of banks can be compensated.

He pointed out that the state compensate the citizens for any loss affect his money in banks and can not be affected and their deposits with the attacks.

Sector was the country's banks to repeated attacks, the latest target commercial bank in the Mansour district on Sunday.

The Central Bank was organized in an attack earlier led to the burning of a number of government buildings, banks, and claimed the lives of dozens, which bore the hallmarks of al Qaeda.

The Khyoun attacks on the banking sector were not the first we do not expect that it will be the last of the presence of numerous parties, aimed at inflicting casualties among civilians and in most state institutions.

Regarding the possibility that the cause targeting the economic sector to significant losses through away investors and capital investment in the country, he said Khyoun known that the capital is coward in economic terms, and certainly these attacks will generate a reaction among investors , but do not expect to be significant.

Worried community economic potential target other economic sectors in the country other than banks by changing the terrorist groups to its objectives and the possibility that come into play on oil installations to cripple the economic capacity of Iraq, especially given that oil imports represent artery economic base of the country.

http://www.ipairaq.com/index.php?nam...onomy&id=26905

'Al-Qaeda’ wages war against Iraqi banks

Iraq’s al-Qaeda group is said to be directing its deadly and bloody car and suicide bombings against Iraqi banks.

In one week, attacks blamed on the group killed at least 35 people and injured scores as its suicide bombers are said to have targeted a state-owned bank and a private bank.

The first attack targeting the Central Bank on June 13 brought most of Baghdad to a standstill.

The government has blamed the daring attack in which at least 26 people were killed on Qaeda operatives despite allegations that Iraqi security personnel were involved.

There was heavy gunfire and plumes of smoke rose over Baghdad skyline but none of the attackers was killed or captured. Iraqi security forces had cordoned the area and stormed the bank.

A twin suicide bombing on June 21 targeted Iraq’s commercial bank. At least nine people were killed and many others wounded.

It is not clear why the latest attacks have banks as their major targets and why would Qaeda shift attention to the country’s financial institutions.

Iraqi troops and bodyguards assigned to protect senior politicians have previously been implicated in such attacks in which millions of dollars were stolen.

http://www.azzaman.com/english/index...06-21\kurd.htm

60 local, foreign companies take part in Ninewa International Fair

First Ninewa International Fair kicked off on Monday with the participation of more than 60 local and foreign companies specialized in industrial, trade, agricultural and constructional fields, according to a director of the Anmar construction company.

“The fair is considered the cornerstone and a starting point for holding fairs every year,” Zaid Othman told Aswat al-Iraq news agency, expressing hope over overcoming the deteriorating security condition in Mosul.

“With personal efforts and with the support from the province, we managed to develop the fair, which saw a participation from Iraqi companies, as well as companies from China, Turkey, Jordan and Lebanon,” he explained.

“This is only the beginning and the number of visitors in the first day was significant,” he concluded.

http://en.aswataliraq.info/?p=133524

Iraq still lacks a Functioning Democracy

"As oil companies line up for contracts, legislators have yet to agree on how to share oil revenues among the country’s regional and ethnic groups. The Iraqis also lack a system of monitoring the oil companies, a situation that Hiltermann believes is a recipe for massive corruption. The Halliburton subsidiary KBR, which is certain to have chief responsibility for restoring the oil sector, overcharged the Pentagon by $200 million."

The March 7 elections that were to herald in Iraq’s new-born democracy instead deepened sectarian divisions and increased political instability. The final results, released March 27, showed former Prime Minister Ayad Allawi’s Sunni-backed secular coalition Iraqiya with 91 seats and Prime Minister Nouri al-Maliki’s predominantly Shi’i coalition with 89 seats. Neither bloc won a majority in the 325-seat parliament, but Allawi will have the first chance to put together a ruling coalition.

His job won’t be easy. Al-Maliki immediately demanded a hand recount of the votes, even though international observers claimed the election was fair. Another complication Allawi faces is that the coalition with the third largest number of votes, the Iraqi National Alliance, is dominated by hard-line Shi’i led by the cleric Muqtada al-Sadr and Ahmad Chalabi. Chalabi controls the unelected Accountability and Justice Commission, which before the election barred more than 500 Sunni candidates from running, announced it would disqualify six of the winning candidates, which means Allawi’s party would lose at least two seats. As the two leading parties compete for dominance, the Shi’i alliance may hold the balance of power, leaving a country that was intended to be a free-market democracy friendly to Israel, instead an ally of Iran.

Even after a government is formed there is no guarantee it will function effectively. “I’ve still seen no evidence that any [Iraqi] government can govern,” said Joost Hilberman of the International Crisis Group. Emad Gad, of the Ahram Center of Political and Strategic Studies in Cairo, was even more pessimistic. “Free elections are the last step in a democracy,” he said. “Before that you have to have a democratic society that accepts the values of democracy. In Iraq we see religious conflicts, sectarian conflicts. These are elections without democratic values.”

Questions that parliament left unanswered before the election are yet to be resolved. The status of Kirkuk must still be decided, with Kurds demanding that the city and its surroundings be part of an autonomous Kurdistan, and Iraqi Arab residents strenuously objecting. As oil companies line up for contracts, legislators have yet to agree on how to share oil revenues among the country’s regional and ethnic groups. The Iraqis also lack a system of monitoring the oil companies, a situation that Hiltermann believes is a recipe for massive corruption. The Halliburton subsidiary KBR, which is certain to have chief responsibility for restoring the oil sector, overcharged the Pentagon by $200 million.

Unless these and other problems are solved, and vital services restored to the Iraqi people, the elections will have been no more than a face-saving exercise for former Bush administration officials who claimed the U.S. invasion and ousting of Saddam Hussain would turn Iraq into a free-market democracy and an example to other Arab nations. If this is democracy, many Iraqis may be wishing they could go back to the days of dictatorship—when they at least had clean water and electricity.

http://usa.mediamonitors.net/content/view/full/75665

Iraq Crude Oil Exports Rise in May, First Time in Three Months

Iraq, holder of the world’s third- largest oil reserves, exported 9.7 percent more crude in May than in April, the first increase in three months, an oil ministry official said.

Daily shipments rose to about 1.89 million barrels a day, or 58.7 million barrels in total, Asim Jihad, a spokesman for the oil ministry, said in an e-mailed statement today. That compares with April shipments of 1.77 million barrels a day, or 53 million for the month, according to the ministry’s Web site.

Dependent on oil for most government revenue, Iraq is seeking foreign investors to boost output after seven years of conflict and prior sanctions destroyed its infrastructure. The nation awarded 10 contracts to international companies in two oil licensing rounds last year, and announced a third bidding this year.

Revenue from oil exports in May rose to $4.34 billion as Iraq sold crude at an average price of $73.85 a barrel, Jihad said. April income stood at $4.2 billion at an average $79.66 a barrel, he said last month.

Most of the exports were through the southern port of Basrah, totaling about 45.1 million barrels, bringing in $3.35 billion, Jihad said. About 13.6 million barrels were exported from Kirkuk in the north, providing $988 million, he said.

The decline in crude exports in the three previous months was mainly due to bad weather and attacks on infrastructure by insurgents, Oil Minister Hussain Al-Shahristani said May 17.

Total Iraqi production is about 2.4 million barrels a day, according to data compiled by Bloomberg.

http://www.businessweek.com/news/201...ee-months.html

Virtue Party proposes the formation of a coalition of the four main blocs to get out of forming a government

Said the Islamic Virtue Party submitted a new proposal to break the deadlock over a new government.

The head of the bloc MP Hassan Shammari virtue at a press conference today in Baghdad, said the proposal had been sent to the masses the four winning elections.

And pointed out that the proposal includes three steps to overcome this crisis , the first expansion block National Alliance through the formation of a quadripartite alliance consists of the National Coalition and the rule of law , in addition to Iraq and the Kurdistan Alliance , which allows the elimination of the concept of the interpretation of the biggest bloc in number and those in dispute.

"Either the second step include the opening of the nomination for the post of prime minister for all the blocks were part of the four-party alliance , being within the alliance expanded the selection to choose the prime minister.

He said third step that is represented by the President commissioned the first winner of this vote to form the government, was unable to gain the confidence of parliament in the constitutional period by the President commissioned second winner .

Shammari said that his bloc's four blocks waiting for a reply to the proposal, calling for amendments to be made whether or proposals it.

http://www.ipairaq.com/index.php?nam...itics&id=26881

US cannot force Iraqis to form government

US Ambassador to Iraq Christopher Hill stressed that Iraqi politicians should agree to form a new government.

The United States cannot force leaders to form the government, Hill said.
In 2006 when the US had more power in Iraq, it did not pressure Prime Minister Nuri Al Maliki to form the government, and it will not do it now, he added.

Hill stressed the importance of realizing that the US and Iraq have signed a security agreement. The US will fully commit to the agreement, he continued.

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

Economist : targeting banks, a change in the tactics of terrorist groups

Economist said that the process of targeting government and private banks are changing their tactics by terrorist groups by hitting new targets, indicating that the targeting of the banking sector reflects an attempt to undermine Iraq's growing economy.

The name Abd al-Hadi in contact with the agency, the independent press (Iba) was not aimed at the banking sector ahead of time and how much they enjoyed the protection of weak compared to the institutions and security centers or informal groups have been terrorist attacks on the target , becoming one of the easy targets for those groups.

The economic community that the targeting of public and private banks recently cost the country estimated losses in the millions through the departure of capital to invest their money in the country.

Abdel-Hadi, the instability in the whole country causing huge losses to the Iraqi economy by delaying investment projects and the reluctance of the owners of capital to run their money in a climate fluctuation and the disorder despite the unstable security situation larger than it was previously.

However, to say , but on the other hand, we find many investors familiar with the Iraqi situation and seeing some improvement in security especially since they do not look to the nature of the terrorist act or what to target as much as looked at the security and stability in general, pointing out that the targeting of commercial bank is no different than any terrorist operation Other

http://www.ipairaq.com/index.php?nam...onomy&id=26909

Dana Gas Board to Discuss Buyback, Iraq: Week Ahead

Dana Gas PJSC, a United Arab Emirates-based energy company, will discuss buying back shares and will review its operations in the Kurdish region of Iraq and the U.A.E. at a board meeting tomorrow.

Dana gained 4.8 percent, the most in more than three months, to 66 fils on June 17 after it announced the meeting. The company’s shares have retreated 22 percent so far this year.

“Finally a company has stepped up and aligned itself with its shareholders who have endured losses,” said Sameh Hassan, director of research at Rasmala Investment Bank Ltd. in Dubai. The planned discussion of a possible buyback shows that “their cash is real and that the businesses are able to self-fund, and possibly grow, through internal rather than external means,” Hassan said.

Dana, which pumps most of its gas in Egypt, is seeking to sell stakes in its Egyptian gas blocks to raise cash. The company is developing gas deposits, production and transport facilities in Iraq, and it also is working on an offshore gas project in the U.A.E. emirate of Sharjah, where it has its headquarters.

Dana posted a profit of 33 million dirhams ($9 million) in the first quarter as output and energy prices rose. This profit compared with a loss of 32 million dirhams a year earlier.

Buy-back ‘Incentive’

The company has “a huge incentive” to buy back its shares, given the recent slide in the value of its stock, said Angad Rajpal, a senior analyst at Prime Securities, a brokerage based in the U.A.E. emirate of Abu Dhabi. Dana has “unlocked a lot of value in Egypt” and is likely to post higher earnings as it produces more gas. The shares have retreated 43 percent since reaching 1.18 dirhams on Oct. 14, the highest level in the past year.

In Iraq, Dana Gas is a shareholder with U.A.E.-based Crescent Petroleum Co. in a project in that country’s Kurdish northern region. The venture, Pearl Petroleum, experienced a delay in reaching its output target of 300 million cubic feet (8.5 million cubic meters) a day for the first half of 2009, Crescent said in February. A Crescent project director said at that time that Pearl was producing 120 million cubic feet of gas a day and did not expect to achieve its target until the third quarter of this year.

Rajpal said Dana faces “an overhang” of risk in Iraq. “It has made sales and has not received payment yet from the government.”

At the same time, he said, Dana’s Iraqi venture is “very lucrative,” and it’s a matter of time before the company resolves issues with the Kurdish regional government in Iraq.

“Generally, we have a positive outlook and expect a year- on-year gain of 20 percent in hydrocarbon production, and improved oil prices by the end of the year,” Rajpul said. “This will help sustain the good earnings.”

http://www.businessweek.com/news/201...-correct-.html

Kuwait's lost treasures: how stolen riches remain central to rift with Iraq
Hundreds of artefacts were plundered during Gulf war, and project to repatriate them is ongoing

In a spacious but frugal office in Kuwait, a glossy catalogue lists the dozens of reasons why Kuwait and Iraq are still at daggers drawn after all these years.

Sheikha Hussa Salem al-Sabah thumbs through the pages of the booklet, pointing out the most egregious cases – page upon page of priceless treasures looted by Saddam Hussein's invading army 20 years ago and still missing: a dazzling 234-carat emerald the size of a paperweight; a slightly smaller gem inscribed with exquisite Arabic calligraphy; Mughal-era ruby beads.

"The Iraqis still don't understand the damage they did to us, not just financially, but for our souls," says the daughter-in-law of Kuwait's emir Sabah Al-Ahmad Al-Jaber Al-Sabah, who maintains the dynasty's heirlooms. "It was emotionally wrenching and still is."

Though many of the priceless treasures have been returned to the collection in the bitter decades since, up to 57 remain missing – perhaps lost for ever. At the National Museum across town, they report that the whereabouts of another 487 treasures remain unknown.

Many of the pieces, Kuwaitis believe, now form the core of private collections in post-Saddam Iraq and around the Arab world. To the victims of the 1990 invasion they remain the central reason of a failure to close the unfinished business of the first Gulf war – just as the second one is beginning to wind down.

In the seven years since Saddam was ousted, Iraq has been obliged to settle United Nations-prescribed debts of $43bn (£29bn), and compensations to private families totalling several hundred million dollars more, before being welcomed as a fully-fledged member of the so-called community of nations.

It is a burden that has proven difficult to bear for a brittle state still ravaged by war and chaos and deeply resentful of the fact that Kuwait was not invaded in the name of the current regime in Iraq.

To Iraq's wealthy southern neighbour though, neither 20 years nor the time after Saddam has diminished the desire to reclaim what was lost.

With a higher per capita income than most other Gulf petro-states, Kuwaitis remain sensitive to the claim that their residual hostility is all about getting even richer. "This is about principle," says Sheikha Hussa. "It remains a huge dilemma for us. The people here have a say in everything we do and the parliament does also. This is part of Kuwait's rights and we will continue to press them."

At the National Museum, which was ravaged by marauders who seemed to know what they were looking for as they packed items into cushioned crates before driving them to Baghdad,a plethora of irreplaceable pieces remain missing. The lost artefacts mainly date from the Moghul dynasty and include around 20 gold bracelets, necklaces and ankle rings, pottery, arrow heads and Korans.

Staff handed over a list of loot and mentioned a theory often discussed in Kuwait that much of what was stolen remains in a warehouse north of Baghdad, where it is being used as leverage in any eventual settlement between the two countries.

Three months of inquiries by the Guardian with officials in Iraq's government, military and police seem to rule out that there is such a central repository of loot in Iraq.

"Anything that was stolen was taken to Saddam's palaces and the offices of his high officials," said one Kuwaiti MP. "There were antique cars stolen by Uday [Hussein, Saddam's psychopath son] that were sold in Europe at auction, paintings and heirlooms. But after the American invasion it was a free-for-all. Everything was stolen again then and there was no control over who took it, or where it went."

Between the first and second Gulf wars, there were attempts by Saddam's regime to put things right, with Kuwaiti officials under UN supervision being invited to the National Museum of Iraq in Baghdad to reclaim some stolen Kuwaiti pieces that had been on display there.

The private art world also turned up the occasional treasure. In 1996, a jewel-encrusted Moghul dagger, which had been on the cover of a Sotheby's catalogue, was taken off the market and returned to the Dar-al-Athar collection. Financial compensation has been paid, according to Sheikha Hussa. Butthe far more important repatriation of priceless pieces has been rare.

Two years ago, parts of a giant archive of Kuwait's history, known as the Prince's Archive, were returned from Baghdad after being kept in the home of a civil servant who had little idea of the value of his souvenirs. Recently, a well-known Iraqi actor and her husband made contact with an Iraqi now living in Kuwait in an attempt to sell another part of the collection.

Iraq hopes that a steady repayment of the billions owed – $23bn has been handed over so far – will boost its credentials. It also appears to be hoping that a steady repayment of the debt will stop Kuwait from pressing claims through international courts for the seizure of Iraqi assets.

Twice in recent months the state-owned Kuwait Airways has moved to seize an Iraqi Airways plane that had landed in London as part of a new passenger route from Baghdad. That action has led Iraq to suspend the route only weeks after it was opened. Baghdad also says it is now looking at ways to privatise the airline.

Iraq's monthly repayments are pegged by the United Nations at 5% of its oil revenue. "Last month they paid $520m as part of the United Nations Compensation Commission obligations," said the chairman of a Kuwaiti public authority established to process compensation claims from Iraq's invasion. "They have been co-operating with us in meetings lately. But it takes time, it will need another generation to forget. There are also the remains of fallen soldiers and POWs yet to be returned."

In Baghdad, the speaker of the Iraqi parliament, Ayad al-Sammaraie, said things were now moving quicker than at any other time since 1990. He said: "Both countries are willing to sort things. But there is a remaining bitterness. Resolving this is complicated and needs a realistic perspective. Our fishermen are worried at repeated interceptions by the Kuwaitis in the Gulf.

"Our farmers in the south are worried about border claims. And we are concerned about having good relations again."

Asked about the ancient treasures that in some ways hold the key to goodwill, he said: "There was no [sovereign] Iraq from 2003 for three years and we had no ability to look for them. But really, Iraq is sincere and willing to return them."

http://www.guardian.co.uk/world/2010...ches-rift-iraq

Issam Al-Chalabi : international companies will think more than twice before going to Iraq

Said former oil minister, Dr. Issam Al-Chalabi said Iraq Maishdh current crisis in the security situation of the world will make you think more than twice before entering and investing in the Iraqi market.

Iraq hoped by opening the door to foreign investment in all areas to build infrastructure and develop its economy, which had been weakened during the previous periods.

He said Chalabi in connection with the Agency for the independent press (Iba) The current deadlock is concentrated in two cases : first is demonstration of Basra and some other provinces, which will stand a major barrier to seeking foreign companies, particularly specialized in the field of oil and gas to enter into these provinces for exploration and development of the oil industry.

Basra has seen some other provinces popular demonstrations and sit-ins against the backdrop of the deteriorating situation, especially in the service of electric energy.

He said Chalabi The second case relates to the subject of attacking the banks and especially the Iraqi Central Bank which is supposed to be the center of the fortress could not one, whatever its strength from the access to it.

The terrorist group had attacked the Iraqi Central Bank target its headquarters for some of the documents and Almnstandat that have been burned.

He said Chalabi that Machdh Iraq yesterday to attack the Trade Bank of Iraq at least as dangerous as attacking the Central Bank in light of the participation of major international banks in the capital and trade credits, Iraq and the world is through, stressing that all these events would make it difficult to enter foreign companies to invest under such circumstances, Which also add to the turbulent political situation and unstable.

The two car bombs driven by suicide bombers have targeted the bank, which was established after the fall of the previous regime, which led to the killing and wounding scores of people and considerable material damage hit some of its parts.

http://ipairaq.com/index.php?name=in...onomy&id=26895

Hill : Washington will do everything in their power to help the Iraqis form a government

The U.S. ambassador to Iraq, Christopher Hill said he should be on Iraqi politicians to agree among themselves to form a government and the United States would be unable to force them to agree to form a government.

Hill said during a speech at Chatham House think tank in London that "many people questioned why the U.S. has not the Iraqis what they do."

Hill said he believed that, despite the difficulties, but Iraqi politicians "will succeed in forming a new government," adding that Washington "will do everything in their power to help the Iraqis on this."

And hopes the citizens in congressional elections of March to find stability and security, especially with the United States is ready to end their combat operations in August next and fully withdraw its troops by the end of 2011.

http://www.alesbuyia.com/inp/view.asp?ID=12870

Adviser to Maliki : All Iraqi officials are in the Department of targeting

Media adviser to Prime Minister Nuri al- Maliki, Ali al-Moussawi, the Iraqi officials and politicians are in the Department of targeting , especially with the intensification of the political debate happening in the country, adding that security forces had the duty to provide protection to all officials and politicians even if they were opponents, referring to the announced by Prime Minister Iyad Allawi's attempts to assassinate him.

He said al-Moussawi was quoted by Asharq al-Awsat published Tuesday, said, "All Iraqi officials and politicians are in the Department of targeting, especially with the intensification of the political debate happening in the country and organization of al Qaeda and supported by the Baathists used these periods to target politicians and officials to stir up trouble, "adding that "Leader of the Iraqi List, was confirmed in a press conference that the defense secretary was the one who warned him not to attempt to assassinate him how the government paves the way for his assassination."

The head of the Iraqi List, Iyad Allawi said Saturday in a press conference in Baghdad, that he had received warning messages from U.S. troops and the Iraqi defense minister attempts to assassinate him two months before parliamentary elections on the seventh of March last, at the time said the Information Office of the Prime Minister Friday The past that some community spoke about the involvement of certain parties assassination attempts against this character or that, adding, "While we stress the security agencies need to provide protection to all persons, without exception, we call these entities to offer their information to the competent authorities before talking about information to take Necessary action in this area."

He said al-Moussawi said "the security of its duty to provide protection for all officials and politicians even if they were opposed to the government, but at the same time political support for such devices and not accused."

Experiencing the Iraqi political arena differences was rising, since the results of the parliamentary elections that took place in Mamars of this year, the highest among the largest coalitions, the Iraqi and the rule of law, after obtaining the first on 91 seats and the second to 89 seats which formed an alliance with other blocs in order to form the biggest bloc of parliament Something which is opposed by a coalition, saying Iraq's mass was the big winner, who have the task of forming the government.

http://radionawa.com/ar/NewsDetailN....998&LinkID=151

Syrian President expresses the hope for a government of national unity in Iraq

Syrian President Bashar al-Assad hoped to form a national government in Iraq paves "the return of security and stability " to the country.

He called on Assad during a meeting the president of the Supreme Islamic Council in Iraq, al-Hakim in Damascus on Tuesday to reach a unified position among Iraqi political forces to form a national government that looks after the interests of the people and be the key to restoring security and stability to Iraq and the region.

For his part, expressed appreciation for the wise positions of the Syrian stance on the Iraqi people and providing assistance and support to maintain the security and stability of Iraq and its territorial integrity.

It is said that the meeting also discussed bilateral relations between the two countries and the importance of strengthening and prospects for development at all levels.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-06-22

Almkotr Radio Tigris : National Alliance did not put mechanisms in order to choose a prime minister

A member of the National Alliance are urgent Almkotr that the alliance has yet to develop mechanisms to choose a prime minister and submit it to parliament, adding that the candidate will be of the National Coalition.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-06-22

American companies looking for opportunities to trade in Iraq

More than one hundred twenty companies from the United States and about one hundred of businessmen and representatives of the Iraqi government in the exhibition includes examples of marketing activities exhibitors Rashid hotel in Baghdad.

The U.S. embassy in Baghdad said in a statement to Radio Dijla received a copy of that celebration sponsored by the U.S. ambassador to Iraq, Christopher Hill and the Provincial Reconstruction Team in Baghdad and the International Company for Marketing Koartayl needles.

The statement said that the exhibition is an opportunity for business leaders and local agents to get acquainted and communicate with those responsible for trade promotion the American embassy and industry advisers to the provincial reconstruction team in Baghdad.

American companies have offered to participate in this exhibition of examples of activities and contact information of the leading companies in various sectors including industry, health, water, agriculture, security, education and consumer goods. They hope American companies in the consolidation of its relations with the Iraqi business community which in turn seeks to create new opportunities for trade and investment.

The Commercial Advisor at the U.S. Embassy Brian McCleary, "The engagement in trade leads to prosperity for all, Iraq has a heritage rich in the area of trade in the U.S. who wishes to join as business partners."

McCleary said of those present that this type of promotion activities for business is a familiar sight in many markets throughout the world, reflecting a clear effort to enhance economic relations and normal trade between the United States and Iraq.

The McCleary said: "The Government of the United States will continue to facilitate opportunities for networking and mutual understanding between companies in both countries, leading to a gradual expansion of the scope of industries and doubling the number."

http://www.radiodijla.com/cgi-bin/ne...?id=2010-06-21

Interview

Tuesday 22/06/ 2010

Interview conducted by the Times of London with Prime Minister Nuri Kamal al-Maliki - Baghdad 20-06-2010

Times : Some Iraqis say they need a strong leader and at the same time affectionate How long prime minister needs to perform his duty?

Prime Minister : The Force does not mean oppression and do not mean to circumvent the law and the Constitution and the origins of democracy and Nokia leader strong when it confiscates freedom of the Iraqi people, but the strong is one who respects all of these rights and the Constitution , but has the willpower and the speed of the initiative and the Nokia hesitant in its decision as to take the decision , and dealing with the challenge To abort the plans terrorism size of the terrorism that we face , not with excessive force that lead to more losses , the level of domestic politics, he deals with the opposition to prevent exceeding the constitution, but within the principles and rules of reservation ties internal between the components of the political process , and with the outside in to prevent outside interference affairs Iraq , but also opens the door of good bilateral relations and robust because the interest of the country .. and more what makes a failed leader was his reluctance to take the decision.

Times : Some people fear that the duty of the Prime Minister can be reluctant to be a policeman passing marks for people to do as well without having to have the capacity?

Prime Minister: Even some people want him to be a traffic policeman is not obeyed, even when he says go from here Aullaczhb .. But this logic is unacceptable because the state of Atdar such so leadership, democracy and a constitutional state does not allow the prime minister is Maslub competence but the success of the political process to commit to all its powers and exceed , the problem misperception of the meaning of partnership, believe when we say government partnership means no powers and limitless and all his Equal validity with the other in the administration of the country, while That modern states give the constitutional powers of the constitutional and terms of reference Organization so each knows his duty and knows that he has control of the House of Representatives who exceeds or falls short , so we believe this idea is unacceptable.

Times : You mentioned just before the neighboring countries and bring them to an Iraq What does this matter?

Prime Minister : This is no longer a secret , with regret in each provincial capital there is a workshop relating to Iraq and the formation of the government and the elections and this thing is painful , and there are intersections between the regional countries, even among them there are differences and this is reflected on the Iraqi reality of internal negative and the problem in response to some political forces For this role, and the problem is also that the political forces do not discriminate between that you have a relationship and friendship and allow the other to intervene or take a look out for your role of running your country.

Times : Is it possible to return Iraq to the political violence and why?

Prime Minister: still the political process and the security situation fragile means not high enough to assure the absence of a bypass on the security situation , but still even some politicians think the mentality of sectarian or mentality of militias, and no power of the state and the security services for popping these residues sectarian gangs and militias, and any weakness affects the state in The formation of its future government will come again violence Wi- line delivery of sites important to the country or power to the sectarian extremists or gang or associated with projects Qaeda violence will return once again, the least security posts state Caldakhalip , defense and intelligence and security, must be kept away from sectarian gangs and militias and Al Qaeda people independent It is not partisan.

Times : You mentioned that the Interior Ministry and the British government made a lot of aid to the Iraqi police forces have done a lot of assistance to police training, and now the British government cut off aid in this time of need Iraq as a reflection of the most important stage, you will this affect?

Prime Minister: Yes, we have provided the British government and the European Union and the U.S. forces in support and training to police forces and even the army , but naturally decreasing, this support after increased efficiency and professional military and Iraqi security , which means to not remain police forces to ever receive the support of British troops .. Yes, supported by the onset and was now able to manage the training process with something a little support still exists Olatzal our training agreement with NATO and the development of police training and technical issues within the NATO forces and British troops and British experts.

Times : Talking European leaders and Aivkron Iraq , but much mention Iran, I think this is good news for the Iraqis?

Prime Minister : Yes, and evidence that Iraq is no longer the focus of the red zone , but there are red hot again, Afghanistan, nuclear disarmament and the question of Palestine and Israel , these are all relieved pressure on Iraq.

Times : Iraq has strong ties with Iran and the Shiite majority countries will join the great world Can Iraq to relieve a little about Iran's relations with its neighbors and the West?

Prime Minister: Iraq is a country that respects international relations and at the same time looking for relationships positive ease the tension in the region and the border can not afford to provide Cia for Iran to ease the penalties had no Maiwhlh to be a party to mitigate the like so things will remain the bilateral relations within the framework of the UN resolution.

Times : Is there a full-fledged democracy in Iraq?

Prime Minister: It is natural that to Atkml Democratic circumstance short is full of challenges but I think Magtath democracy in Iraq is very large and crossed for this democracy to elections and contrast power and freedoms , the media and political work, and what keeps well in Iraq that the Iraqis even when they disagree resort to the Constitution and the foundations of democracy, as happened the election, and what happened Differences in the presence of manipulation did not go to the weapon, but they went to eliminate the path of fundamentalist Although Maithdt by the world of a crisis Anna Aacol there is a major crisis in the formation of the government because countries European stay six months to form a government, and even now, the course to form a government within the timeframes and according to Maagherh the Constitution did not come out It .. Seemingly never-ending one month, the parliament where the president and Vice President of the Republic from now.

Newspaper : Many Britons say the occupation of Iraq was a mistake, and something to surprise the better the situation in Iraq is increasing the people's faith that the war was wrong in Iraq?

Prime Minister : This is the right of the British public review on the basis of legal controls and the movement of countries and troops, but we as a people Iraqis believe that the salvation of the dictatorship was a success for the international force to save people from a dictator, the results were good, democracy won in Iraq, a dictatorship that was Abgyzp and the country was tense region and now Looking for a peaceful country and good relations among the components become good relations and this success is good.

Newspaper : have shaped the Ktltkm special ( the National Alliance ) .. does not even now a candidate for the post of prime minister when we will know the candidate?

Prime Minister: the result, this new alliance is obliged to submit one candidate for the House of Representatives and the Presidency of the Republic, following the announcement of the alliance and the meeting of the Council of Representatives became the talk seriously within the coalition to nominate a candidate, I think it was an issue days and will announce the candidate for prime minister has Echtaroni or select me to some lonely, and as a result Only one , but does not mean that one man in Iraq was fit to be prime minister."

Times : Recently you met with the Minister Iyad Allawi how was the meeting and how you can can work together?

PM: The meeting was to remove the McCann believe there atmosphere a hostile or tense between the two parties is to confirm friendly relations and partnership for national action, and came to affirm the principle that no choice, but a partnership of everyone else in the formation of the government and the country's unity, stability can not be made only with the participation of others, but according to constitutional norms, and the meeting Was a precursor to further meetings in order to find the mechanism governing the formation of a partnership of all government.

Times : Can a scene that you will be prime minister and deputy prime minister, a specialist administration and the economy in the person of Dr. Iyad Allawi?

Prime Minister : possible, of course, Prime Minister of the Idir all management files directly, as is the case now, the economic side, one of the House and by the service ministries of another deputy and one of the costs behalf of Prime Minister in the administration of the meetings of National Security Council, with the country's stability has become the need that specializes Congress Prime Minister in the files of a limited process to be the biggest achievement.

Times : Can a deputy prime minister to get on the powers than he has now?

Prime Minister: the issue of constitutional and the problem is that the Constitution in this session did not put deputy prime ministers, but opened the door for the appointment of returning officers, and for the presidency of the Republic also did not specify the Congress, but he gave parliament the right of law legislation authorizing the President to have a Vice- time who would not give Parliament the right to The appointment of deputy prime ministers, so we need to review so that we can appoint a Vice- Prime Minister, or just Bmaaonin, and these all take a file from the files.

Times : You mentioned that there is concern for your new members in parliament, parliament or the wrong blood on their hands?

Prime Minister: found in the lists of candidates have been involved, but some were detained, a candidate .. one killer of 29 people which candidate the winner and one of them was condemned to 10 years, and a fugitive, including the star of the war in Diyala and the second Abdullah Jubouri, so we challenged them on behalf of the state of law and passed the judicial decision Impeachment and were supposed to isolate it and his votes, which means that further scrutiny of the names of the winners should get in the House of Representatives before installing the membership, the parliament has a tradition through the Committee for the beginning of his set ended and the curriculum vitae of each member and wish to do this even to not enjoy any person who is involved with death immunity within the House it will be a problem because it is moving without inspections and terrorism will benefit greatly from this opportunity.

Times : Are there members of parliament who took part do you think should be sacked?

Prime Minister : I am I do not know yet, but should be carefully problematic because there are some members who have a background related to the Baath Party or a criminal case, but I do not know.

Newspaper : people talking about Iraq U.S. troop withdrawal What does this mean to you?

Prime Minister : the nature of the case every Iraqi citizen a wish that Iraq is free from the presence of international forces , but are also the other hand did not want to cause the withdrawal of troops to return to violence and terrorism and sectarianism and the Convention was to withdraw gradually to coincide with increasing the efficiency of the Iraqi forces, it has become the citizen of Iraq withdrawal U.S. troops from Iraq mean that the Iraqi forces become capable of protecting the security situation and this means that the troops could withdraw to keep cooperating with the Iraqi forces with training and rehabilitation.

Times : toxic waste left by the U.S. military in Iraq is harmful to the environment Ceselunha?

Prime Minister : Certainly they are cooperating in this area and have a keen on the subject of the environment and all work together to remove these wastes when they come out.

Times : Congress gave the right of the U.S. embassy to give them Alhelukubtrut Iraq and armored cars?

Prime Minister: did not know about any embassy in the world that they have helicopters.

Times : oil contracts and one of the achievements that you talked about you will remain active in these contracts under the new government?

Prime Minister : Certainly effective, protected and guaranteed to be certified that it is a fundamental experience in any government, that means he does not want interest of Iraq and this is not allowed, one of the best contracts for Iraq.

Times : How do you see Iraq after 10 or 15 years from now you will have a copy of Saudi Arabia or the Gulf states?

Prime Minister : After 10 or 15 years I think that Iraq will become a great country in all fields on the level of services and development, industries and the general welfare of the people.

Times : What is the oil that Iraq can produce?

Prime Minister: Iraq has many minerals Calfsfor and sulfur as well as agriculture and tourism.

Thanks for the newspaper the Prime Minister.

Prime Minister : Thank you very much. :biggrin:

http://www.pmo.iq/index/03-1244.htm

Iraqi trade extends the distribution of new ration card

The head of planning and follow-up in the Iraqi Trade Ministry said Monday that the ministry decided to extend the distribution of new ration card up to 25 this month, according to a ministry statement.

The statement quoted the agency has received reports of Kurdistan (Akaniwz) today announced the luxury Riad al-Hashemi as saying that "the decision was made to give an opportunity for citizens who were unable to check the stations to receive the ration card."

The Commerce Department began distributing the new ration card since last month, which will be for two years at the same time (2010 2011).

http://www.aknews.com/ar/aknews/2/157186/

The Iraqi government decided to keep the deal with the International Monetary Fund

The adviser in the Iraqi government ended its mandate on Tuesday, decided that Iraq continued relationship with the IMF in order to benefit from the experiences enjoyed by the IMF experts in the field of political cash.

And said the chancellor, who preferred not to be named, told the Kurdistan News (Akaniwz) announced today that "the government decided to continue its economic relations with the IMF, having ended the Iraq of all Altazamth on the Paris Club, and the Convention on SBA deals with the Fund in 2007."

"The government sees the need for continued coordination between Iraq and the International Monetary Fund to bolster its economy greatly, especially in the next stage, specifically in relation to the subject of public and economic policies that develop the financial realities of the country."

And that "the government's efforts to move towards the development of the Iraqi economy in line with Tabaip the global economy, particularly those that were not exposed to the economic crisis in Iraq."

The source pointed out that "Iraq needs more than 20 years to come by for the advancement of the economy, due to the accumulation of economic problems," he said.

Iraq had ended in December, in December 2008 of its obligations contained in the emergency support agreement (SBA) II, who signed with the International Monetary Fund in December, in December 2007.

Is expected to be the first revision of the agreement support the emergency (SBA) during the second week in July 2010 after the success of this audit can be to get Iraq on the second installment of the (695) million, or the equivalent of (63.475) million (SDR).

It is noteworthy that Iraq has received the first batch of the loan up to 440 million dollars, equivalent to 1.297 million (SDR) and the remaining will get it later.

http://www.aknews.com/ar/aknews/2/157328/

Economist : Iraq will be the first source of oil in the world

Iraqi economic expert said on Tuesday that Iraq will become a source of oil for the world, thanks to the success of the Ministry of Oil in the development of work with respect to the sale of crude oil.

He said Yasser Jabri told Kurdistan News (Akaniwz) announced today that "The Oil Ministry has succeeded this month in the development and the reality of oil exports, although the country is a tension between the political blocs to form the next government."

"We have reached Iraq's oil exports to 58.7 million bpd, the ability of the sale and reached 4.335 million dollars, which will make Iraq the first in oil-exporting countries if the export of oil What is it now."

He said: "The responsibility of the ministry so much to improve its performance in the next phase of supporting the economy of the country".

The Iraqi Oil Ministry has recently concluded an agreement for the development of Ceyhan oil pipeline, and for 12 years, in order to improve the export of oil via this pipeline to the European Union.

And issue the southern Iraq port the largest proportion of oil, ranging between 600 thousand barrels to one million barrels per day, while coming from the north port 450 thousand barrels per day.

And Jabri, "The increased production of oil during the recent evidence of efforts to resolve all the problems that hinder the export of oil in the country, especially the problems between the federal government and the KRG."

It is hoped that the rehabilitation of the carrier oil pipeline through Syria, which helps in the export of oil with increased production of crude oil, which Iraq hoped to reach 11 million bpd over the next six years.

http://www.aknews.com/ar/aknews/2/157367/

Quote:

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Originally Posted by Seaview

'Al-Qaeda’ wages war against Iraqi banks

Iraq’s al-Qaeda group is said to be directing its deadly and bloody car and suicide bombings against Iraqi banks.

In one week, attacks blamed on the group killed at least 35 people and injured scores as its suicide bombers are said to have targeted a state-owned bank and a private bank.

The first attack targeting the Central Bank on June 13 brought most of Baghdad to a standstill.

The government has blamed the daring attack in which at least 26 people were killed on Qaeda operatives despite allegations that Iraqi security personnel were involved.

There was heavy gunfire and plumes of smoke rose over Baghdad skyline but none of the attackers was killed or captured. Iraqi security forces had cordoned the area and stormed the bank.

A twin suicide bombing on June 21 targeted Iraq’s commercial bank. At least nine people were killed and many others wounded.

It is not clear why the latest attacks have banks as their major targets and why would Qaeda shift attention to the country’s financial institutions.

Iraqi troops and bodyguards assigned to protect senior politicians have previously been implicated in such attacks in which millions of dollars were stolen.

http://www.azzaman.com/english/index...06-21\kurd.htm

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That no attackers were killed or captured should tell you something about the security!

International banks eye Iraqi market

BAGHDAD - Iraq is in talks with six or seven foreign banks interested in entering the Iraqi market, despite insurgent attacks against financial institutions such as the central bank, the bank's governor said on Wednesday.

Central Bank Governor Sinan al-Shibibi told Reuters that the central bank's policy interest rate, now at 6 percent, was appropriate for the time being and in line with core inflation, which was holding steady at 3 percent in June. "There are some foreign banks who have interest to join forces with domestic banks and we are actually negotiating with a lot of them ... There are applications for licences," he said in an interview conducted in English.

"There are banks from the Gulf and I think two to three from Europe; I think six to seven (banks) is quite a good number." He did not name them.

Among those lenders who submitted applications to operate in Iraq are Iranian and Lebanese lenders, Waleed Eedi, acting director-general of banking supervision, said in a news conference later on Wednesday.

Suicide bombers and gunmen stormed the central bank earlier this month, killing 18 people, and fought a 1-1/2 hour gunbattle with security forces. A second suicide attack took place last Sunday against the Trade Bank of Iraq.

But Shibibi shrugged off concerns that a fragile security situation and a delay in forming a new government after March elections would deter foreign investment.

"These are very long-term objectives; I think it is not going to affect investment decisions," he said.

The central bank cut its key policy rate by 100 basis points to 6 percent in April in reaction to subdued inflation.

Shibibi declined to say if the central bank is likely to adjust interest rates further this year.

"(The interest rate) tallies with inflation very well now ... I think the level of inflation is quite good, and we don't actually anticipate any changes of monetary policy in (coming) months," he said.

Iraq's official interest rate is more of a guide to bank rates than a direct monetary mechanism, as the banking sector is small and capital markets are underdeveloped.
Iraq's formal economy, as it pulls out of years of sectarian carnage that followed the 2003 U.S.-led invasion, is dominated by the oil sector.

The governor did not expect the country's budget deficit to widen in 2010 as oil prices, which traded around $76 a barrel on Wednesday, were not that far from Iraq's budget estimate, adding the Iraqi budget outlook was "more or less" stable on the back of the recent rise in oil prices.

"But I think there will be more demand for development projects ... because of the fact that you had some kind of political instability and election, so a lot of the implementation did not go through," he said.

"Probably there will be a drive for implementation of projects, and this will exert some pressure on the budget," he said.

Iraq's cabinet approved a 2010 budget of 78.73 trillion Iraqi dinars based on an oil price of $62 per barrel, entailing a budget deficit of 17.95 trillion dinars.

The central bank governor also said he did not expect any major disruption to the country's economy from the current political wrangling and delay in forming a government.

The Iraqi economy, driven mainly by oil production, is expected to grow by 7 percent this year, he added.

Iraq demands "IMF" five billion dollars to meet its budget deficit

An official source at the Iraqi Finance Ministry, on Wednesday, the current budget year, recorded a deficit of 23 trillion Iraqi dinars, pointing out that his country asked the International Monetary Fund, a loan of five billion U.S. dollars to fill the deficit.

The agent said the Ministry of Finance Fadhil Prophet told Kurdistan News "The arrival of budget deficit this year to Iraq, to the proportion of 23 trillion Iraqi dinars, forced the Iraqi government requested a loan from the International Monetary Fund worth five billion U.S. dollars, to plug its budget The distribution of those economic sectors that need it."

"The Kurdistan region will get its share of the loan and the general budget by 17%."

The Prophet said that he "would be the sum Aguetrdhanah the World Bank, to reduce the impact of the deficit budget", adding that "the International Monetary Fund has not imposed on Iraq, any conditions in return Loan".

http://www.aknews.com/ar/aknews/2/157881/

More than 150 companies Turkey participates in the Basra International

The Associate Director of Information Gallery Basra International on Thursday, said the gallery Basra International, which will open on Friday with the participation of more than 150 companies of Turkey, and Iraqi companies and other global, it will be attended by important personalities including the Minister of Commerce and the governor of Basra and a number of officials in Federal and local governments.

She said Rasha Salman told Kurdistan News announced today that the "gallery of Basra International will be held tomorrow and intensive preparations by the organizers of the exhibition, a company (Beramides Group) Turkish participation of more than 150 companies of Turkey, and Iraqi companies and other global."

She pointed out that "all Turkish delegations participating in the exhibition came to the province of Basra, the remaining delegations are still flocking to the province including the Turkish representative" Jatiyan Oregon "and under direct supervision by the director of the company Commissioner Mohammad Sharifi the arrival of the participating delegations."

She said that "the current situation in Basra would not affect the number of companies participating in this exhibition, but also increased the confidence of the participants in this exhibition, which is an important step in the history of Iraq's economic, as the exhibition will provide a great opportunity for international companies to invest in Iraq in the area of equipment Construction, machinery, food and electrical appliances."

And completed the Basra International Fair ground value of more than 50 million by a number of Iraqi companies for the purpose of the United invest in international exhibition projects, rather than establishing it on the land of Basra International Airport in the province, which lies a distance of 550 km to the south of the Iraqi capital Baghdad.

http://www.aknews.com/ar/aknews/2/158153/

The organization of Islamic State in Iraq claimed responsibility for the terrorist attack on the Trade Bank of Iraq

Islamic State in Iraq affiliated with al Qaeda claimed responsibility on Wednesday for the second deadly attack on state-owned bank in a week in a campaign apparently aimed the financial sector emerging in Iraq.

The Islamic State of Iraq said in a statement posted on jihadist Web sites to be responsible for the suicide car bombing The Trade Bank of Iraq, which killed 26 people. The group had previously claimed responsibility for a coordinated attack on the Iraqi Central Bank by gunmen and suicide bombers on June 13 on the eve of the first meeting of the new Iraqi parliament. And 18 people were killed in the attack.

Aggravated attacks concerns about stability in Iraq after the March election that did not produce clear winner has not yet yielded the formation of a new government in a time when U.S. forces to end their combat operations in August, before a full withdrawal by the end of 2011.

A statement by the Islamic State of Iraq "was launched rides through the village of Fuwaris Baghdad dear dignified in Charge of the new hit another stronghold of the strongholds of evil in Baghdad .. The target this time the building (TBI).

"The statement continued that the Bank "became the headquarters for the management of financial transactions The massive theft of oil wealth and foreign loans, which bring the pretext of investing in Iraq asthma burdensome debts are then transferred to the pockets of the lords of the government".

http://alforattv.net/index.php?show=...ticle&id=46286

Iraqis told to wait for two more years for power supplies to improve

Iraqi Prime Minister Nouri al-Maliki dumped Iraqis’ hope of better electricity supplies by saying that they will have to wait at least two more years before they see any tangible improvements.

Power shortages have worsened recently amid scorching heat and rising temperatures. Supplies from the national grid are erratic and may last less than three hours a day.

Violent demonstrations, in which two people were killed and scores injured, swept across southern Iraq and have so far covered five provinces.

More demonstrations are expected in central Iraq, but they will probably change nothing.

Electricity Minister Kareem Wahid has submitted his resignation, meeting a major demand from the demonstrators.

Since 2006, the government says, it has poured $17 billion into the electricity sector.

But Wahid says most of the money has been allocated for major contracts, some of which need years to be completed.

To meet domestic requirements for power, Iraq should be able to produce at least 14,000 megawatts. Wahid says the grid’s capacity is about 8,000 megawatts.

Although the figures given by Wahid indicate that the grid can churn out more than half Iraq’s needs, many cities barely have two hours of continuous supply every day.

http://www.azzaman.com/english/index...06-24\kurd.htm

(SOMO) expects to increase oil exports to 1.9 million barrels per day

Chief Iraqi Oil Marketing Organization (SOMO) said Thursday that the Iraqi oil ministry expects to exceed the average oil exports in June, 1.9 million barrels a day.

And Falah al-Amiri in a press statement supplied by a correspondent "We expect actually to go beyond the 1.9 million (bpd)." He pointed out that "the flow of oil through the pipeline, which runs between the city of Kirkuk in northern Iraq and Turkish port of Ceyhan on the Mediterranean stopped briefly on Wednesday due to technical problems but it was his appeal on the same day and we have no problem today. Is pumping normally."

And Iraq's oil exports rose in May to 1.9 million barrels per day from 1.767 million bpd the previous month.

Iraq signed a member of OPEC agreements with international oil companies that will enhance production capacity to 12 million barrels a day within six years from 2.5 million barrels per day at this time.

http://al-iraqnews.net/new/economic-news/14255.html

Sub: political blocs will not agree on a candidate and the Parliament is firmly sponsor

The member of the National Coalition Jalaluddin al-Saghir not optimistic that the experience of the scheduled meeting next parliament to identifying a candidate for the presidency.

Or other presidencies , noting that the political blocs will not agree on a person, but resolved by the parliament itself this process through voting.

Sagheer said, told Iraq our house on Thursday: "The political blocs in front of a problem because the first session of parliament was not clear by the Federal Court amid lax application of the Constitution before it, and no one does not know is that the convening of parliament was to complete the meeting 's Free State to start."

He added: "The constitution did not talk for thirty days, except for the purpose of ending the outstanding issues, and also so do not feel the political blocs as the front of the gate open forever. "

Little also expressed regret at the way that is handled with the Constitution, unlikely to be agreement on the three presidencies within the thirty days that have been identified after the first session, but noted, " In the event complies with the Federal Court and the political blocs to this period, they will be as of today Held its first session in Parliament on the fourteenth of June, before the maturity of a time-bound commitment by him." He expressed his hope that the political scene does not obscure interpretation of the Constitution during this period, as happened with some of the articles that I read in a manner "unnatural" .

And on the identification of one candidate for the National Coalition said Saghir said : "No one received so far to be the only candidate of the National Alliance, for the president of a coalition of law Nuri al-Maliki that is not enough because the candidate himself."

And invite Islamic Virtue Party Alliance of blocks of four winners (coalitions of national and state law as well as Coalition and Iraqi Kurdistan) and to break a candidate through the election, expressed little not optimistic this invitation because the political blocs will not agree on a person, but to settle the Parliament itself this process by Vote on any nominee will be presented in its meeting held for that purpose, he said.

http://iraq-beituna.net/////show.php?sho=18849

UNAMI chairman urges political understanding

Head of the UNAMI commission Ed Melkart stressed the necessity for all Iraqi political parties to form the new government within 30 days.

Speaker of the new Parliament should be elected in order to move forward the political process, Melkart told Alsumaria News.

The UNAMI is ready to assist in this concern, he added.
Head of the UNAMI commission underlined the importance of gathering all political parties in order to reach an understanding on the new government within timelines stipulated in the Constitution.

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

Rafidain Bank lowers interest rates on loans and deposits for the promotion of investment banking

The Economist, Mali, Iraq today, Thursday, the central bank began cutting rates in financial approximately six percent of loans and four per cent of bank deposits to encourage investments in the country, after a series Asthdavat and robberies recently on the banks of Including the Iraqi Central Bank.

The expert, who preferred anonymity, told news Kurdistan (Akaniwz) that "the Iraqi Central Bank began to reduce the financial benefit to about 6% of loans and 4% of bank deposits."

The source added that "Such a shift reflects a new policy of the Central Bank would increase investment by paying money to the owners of Tzifaa investment allowance deposited to banks for lack of interest".

"The central bank had taken a decision in 2007 to lift interest rates to 23% in this ratio resulted in no rush to invest, leading to the left as a result of rising interest rates, "noting that "deposit banks at that time (2007) was better than Investment and risk bringing the money deposit is the appropriate choice."

He pointed out that "a wise policy that is working to balance between investment and pumping money and the deposit where there is a mating between monetary policy and fiscal policy."

The Iraqi citizens have been baptized recently to withdraw their money from Iraqi banks Asthdavat and after a series of robberies on the banks of government in the country during the past few weeks.

The last attack on the banks last Sunday when two car bombs exploded in front of Trade Bank of Iraq in a safe area west of Baghdad, killing 26 people and wounding more than 50 others injured.

It was preceded by a coordinated attack on the Iraqi Central Bank by gunmen and bombers in the June 13 being the eve of the first session of the Iraqi Council of Representatives at its second session and 18 people were killed in the attack.

And adopted the so-called " Islamic State of Iraq, "ex attacks, at the time believed the Iraqi officials and experts that targeting banks intended to hit the Iraqi economy emerging.

The bank in the region of Mesopotamia Mashkhab south of Basra has been subjected to a robbery by an armed group at the end of last May, and the theft of more than five and a half million dollars from him.

Will also present the bank's branch in Baghdad Azwaip robbed on July 28 last year, and the thieves stole about five million U.S. dollars.

http://www.aknews.com/ar/aknews/2/157986/

Governor of Central Bank: We reject the accusations against the banks that deal with the World

Denied the Iraqi central bank governor Sinan Shabibi strength of the Iraqi dinar has been affected by the process of lifting the zeroes that the central bank implemented during the next period, indicating that the process of lifting the zeros will be gradual and thoughtful it without having any negative impact on the Iraqi currency.

This came during a news conference Attended by the reporter convened by the directors of the bank at the Rashid Hotel address general policies of the Bank And Altamlat carried out with banks, adding that the attack by an adviser to the Ministry of Finance of private banks and said it would go bankrupt for not tackling properly and non-compliance with the laws of the bank, is unrealistic and untrue Many banks contributed to the progress of the sector banker, and there is no breach Event of any bank, and urged not to accuse banks haphazardly, "he says."

For his part, Director General of banking in the bank That the banks in the Iraqi civil including Kabtal Alorca and Iranian banks have credits and name of the banking and capital great, and we reject any accusations because the bank is responsible for the transactions of these banks, and we are now and then to freeze certain sections and keep revisiting the open actions from transactional banking and there is no reproach to any Bank, especially those targeted by some quarters recently.

http://al-iraqnews.net/new/local-news/14286.html

Allawi opposes SOFA Agreement

Head of Al Iraqiya List Iyad Allawi held the United Nations and the US responsible for reform prior to US Forces withdrawal from the country.

Washington should protect the democratic process for which Iraqis have sacrificed, Allawi said in a statement.

Allawi pointed out that he opposes the SOFA agreement for it is not clear over the readiness of armed forces and the implementation of the political reform pact approved by the former Parliament according to which Iraq would exit UN Charter Chapter VII.

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

Oil Expert : Ministry of Oil made a mistake in the declaration of licensing round for the fields of invasive

Iraqi oil expert said that the Iraqi oil ministry made a mistake in announcing the third licensing round for the fields and the gas was supposed to be delayed until the formation of the next government because of the absence of several important companies in the gas exploration.

Yusuf said Amer Kurdistan News Agency "was supposed to from the Iraqi government outgoing postpone any trading oil or gas and have a sensitive impact on the Iraqi economy in the future because the period of critical policy in Iraq has now."

He explained, "There is no doubt that the political reality overshadowed aimed at the working level of oil and this became apparent in the absence of a number of international mining companies to participate in the third licensing round for gas fields."

The Oil Ministry announced on Wednesday that the display conditions of the third licensing round of its gas fields to international companies, is part of a strategy to enhance transparency in the country.

Amer stressed that "the petroleum business greatly affected by political stability and such tours had to be postponed until the stability of the political situation in the country."

And launched the Iraqi Oil Ministry 's third licensing round fields in the presence of invasive representatives of a number of foreign companies at the beginning of the sixth of May last, .. The roadshow aims to rehabilitate and develop three gas fields in the third licensing round is the field "crutch" in Anbar province in the west field, " Mansuri " in Diyala province northeast of Baghdad and the field of "Sepah" in Basra in the south.

It is noteworthy that Iraq's proven reserves of gas up to 4 trillion square meters, according to estimates of the Ministry of Oil.

http://www.aknews.com/ar/aknews/2/158047/

*Iraq to hold a meeting for Oil Companies Representatives*

Assem Jihad, spokesman of Iraq Ministry of Oil said that Iraq will host a meeting for the executive Directors in International Oil Companies in Baghdad next Saturday and that in order to talk over the contracts of the 4 refineries intended to be set.

These refineries are expected to add up about 750000 bpd to Iraq productivity. The same source added that many international companies voiced interest in participating and reaching an agreement with the Ministry.

Jihad said that Iraq aims at establishing a refinery in Al Nassiriah refinery with a production capacity of 300000 barrels per day and another refinery in Kirkuk with a productivity of 150000 barrels per day. However, it is also planned to establish a third refinery in Missan and a forth one in kirkuk with a productivity rate of 150000 and 140000 respectively.

http://www.alsumaria.tv/en/Economics...entatives.html

Central Bank denies that private banks be put at risk

denied the Iraqi central bank governor on Thursday, that the development of private Iraqi banks risk Matwkdh by the Ministry of Finance down.

The Shabibi told Kurdistan News that "Iraq is in economically developed and clear, especially with regard to the subject of private banks with which the Central Bank on the basis of economic force in all the countries of the world."

"The main problem facing the Iraqi economy is the impact of political realities on the economic side of the country, which needs to provide factors stabilize the political side to positively affect the work of government and private banks alike," he said, pointing out that "the economic reality in the country Well, and needs to be further efforts are tailored to the needs of the country of Finance."

Description Shabibi charges the Ministry of Finance on the loss of private banks as "illogical and can not be applied to the land of the economic reality in the country," saying that "these banks, especially the old ones have credits and capital that the bank is responsible for its financial transactions, whether external or internal, as well as he Is the occasional freezing of bank branches that fail to work."

The total capital of private Iraqi banks from 30 million dollars in 2004 to one billion and 600 million dollars now, except Maatmlleke branches of Arab and foreign banks operating in the country.

The number of private banks rose from 17 banks in 2004 to 31 banks currently in the number of branches in Baghdad and other governorates from 100 to more than 600 branch to compete in the level of services number and bank branches Iraq and rational.

http://www.aknews.com/ar/aknews/2/158179/

Quote:

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Originally Posted by Seaview

*Iraq to hold a meeting for Oil Companies Representatives*

Assem Jihad, spokesman of Iraq Ministry of Oil said that Iraq will host a meeting for the executive Directors in International Oil Companies in Baghdad next Saturday and that in order to talk over the contracts of the 4 refineries intended to be set.

These refineries are expected to add up about 750000 bpd to Iraq productivity. The same source added that many international companies voiced interest in participating and reaching an agreement with the Ministry.

Jihad said that Iraq aims at establishing a refinery in Al Nassiriah refinery with a production capacity of 300000 barrels per day and another refinery in Kirkuk with a productivity of 150000 barrels per day. However, it is also planned to establish a third refinery in Missan and a forth one in kirkuk with a productivity rate of 150000 and 140000 respectively.

http://www.alsumaria.tv/en/Economics...entatives.html

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Iraq to host oil contracts meet on June 26

Iraq will host a gathering of international oil executives in Baghdad on Saturday to discuss contracts for the four planned refineries that would add about 750,000 barrels per day of capacity, Oil Ministry spokesman Assim Jihad said on Wednesday.

"There are many international companies that expressed their interest to participate and to reach an agreement with the Oil Ministry," he said. The conference is the first step before inviting companies to tender for the refineries, he added.

Iraq wants to build a refinery in Nassiriya, southern Iraq, with a capacity of 300,000 bpd, and a second one in the northern oil city of Kirkuk with a capacity of 150,000 bpd, Jihad said. A third refinery, at Maysan in the south, is projected at 150,000 bpd and the fourth in Kerbala at 140,000 bpd.

Earlier this month, engineering and construction company Foster Wheeler said it was awarded a feasibility study and engineering design contract for the Nassiriya refinery.

Iraq plans to boost its refining capacity to 1.5 million bpd in the next five years by building the four new refineries and overhauling existing ones, Oil Minister Hussain al-Shahristani told Reuters in May. The engineering designs for the four refineries will be completed this year.

Iraq has eight oil refineries with a capacity of 659,000 bpd. It produces about 453,000 bpd of refined products and uses 589,000 bpd, according to the OPEC website, although Shahristani said last year that Iraq had attained self-sufficiency in refined products.

Years of war, sanctions and underinvestment have ravaged Iraq's ability to produce enough fuels like gasoline and diesel to meet growing domestic requirements, forcing it to buy imported fuel to plug the gap.

Iraq has said it plans to boost refining capacity as part of a $50 billion plan to revamp its investment-starved energy sector. In 2007, Iraqi parliament approved a law allowing foreign firms to build and operate domestic refineries.

Baghdad has signed a series of deals with global oil companies and aims to boost its crude output capacity to 12 million bpd from 2.5 million bpd in six to seven years. (Reuters).

http://www.arabianbusiness.com/59127...eet-on-june-26

Despite the failure to pay the balance 2010, working on a financial budget 2011

Despite the failure to pay the state budget for 2010 so far , the Ministry of Finance are working on a budget of 2011 to be finalized in a timely manner.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-06-24

Preliminary investigations failed to demonstrate any link between corruption and attacks on banks

The chief judge of integrity Rahim Ugaili The initial investigations into robberies and bombings, which affected the recent State banks did not demonstrate the emergence of indications of a link between the attacks and the existence of financial corruption in the institutions concerned.

The Ugaili that investigation teams problem is currently seeking to identify the nature of the documents that burned down and the size of the numbers of transactions where and try to link with other corruption, and renewed to say that there are any indicators to date suggest a link between the attacks and the existence of financial corruption in the institutions concerned, he said.

However, Ugaili saying "This does not mean denial of early absence of corruption, may be present and we can not reached in spite of all our investigations as a result of burning all the evidence and leads us to confirm our suspicions," in appreciation.

In the earlier adopted a so-called "Islamic State of Iraq," al Qaeda-related attack on the central bank, said in a statement that the attack was "achieved its objectives" through the destruction of specific targets.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-06-24

Iraqi Association of Banks : Central Bank urged the private banking sector to enter the market and investment funds

The Director of the Association of Banks of Abdul Aziz al- Hassoun said the central bank urged private banks to enter the market through the investment of funds in various economic activities.

He said Hassoun in contact with the agency of the independent press (Iba ) to reduce the interest rate for the public banks would stimulate the private banking sector is reflected positively on his work.

The rate-setting represents one of the tools the monetary authority to control the rate of inflation that are imposed on the central bank to intervene to create a state of economic balance is correct.

Carter said the rate cut would push private banks to stimulate investment and private banking sector and will reflect positively on his performance and does not represent a pressure to the fact that the interest rates for private banks is stable.

And economists say that interest rate cut by the banks as an element of governmental pressure on private banks to decrease their usefulness and to invest the money in the market rather than frozen deposits.

Commented Hassoun, saying private banks take the interest rate does not exceed 15% as the highest estimate and not less than 10% of their loans, while interest on deposits by not more than 9% but not less than 3% in some banks, reducing interest in public banks does not affect the interest rates The private sector.

Said that the central bank some time ago calling private banks to invest their money in the market and stop playing the role of financial intermediary , reducing the interest rate is a spur in the direction of development activities and the activities of private banks which will reflect positively on their performance.

http://www.ipairaq.com/index.php?nam...onomy&id=27016

Senior Economist : private banking sector is still insufficient to fulfill its role

The expert economic peace Sumaisem that the reduction of the interest rate for banks is the component of governmental pressure on private banks to reduce interest rates, in addition to capital investment in economic projects and raising the performance of the Iraqi economy, instead of freezing in the form of deposits from the public banks.

The Sumaisem in contact with the agency, the independent press (Iba) private banking sector in spite of his desire to take an advantageous position and active in the Iraqi economy, but still failed to perform its role.

She noted that the central bank was working on the cover of private banks, but many problems led to embarrass the central bank and led to the imposition of conditions to help improve performance and scalability.

The central bank has cut interest rates during the month of April to 6% on loans and 4% of deposits in a move aimed to increase the investment in the country and to make cash available for investment projects at the lowest possible price of the interest.

She drew Sumaisem that determine the interest rate for fiscal policy of the state and control the Iraqi economy, control and rein in inflation, which has a direct impact on the size of investment in the country.

She pointed out that the process of gradually reducing interest rates announced by the Central Bank since pressed for private banks to no longer be confined to its role to work credit, transfer and exchange.

The agency Sumaisem this step represents a component of pay for private banks to adopt other means that contribute to profits for their institutions, especially that many private banks adopted to deposit their money in government banks to achieve the profit margins through high interest rates at the time, without investing in the rest of the areas that contribute to the advancement of The Iraqi economy by providing capital for investment projects.

http://www.ipairaq.com/index.php?nam...onomy&id=27006