Showing posts with label green zone. Show all posts
Showing posts with label green zone. Show all posts

Thursday, June 30, 2011

Iraq Gets Control of its Development Fund (DFI)

Iraq Gets Control of its Development Fund (DFI)

29 June 2011

There was more sabre rattling on the Iraqi political scene this week, as the Speaker of parliament, Osama al-Nujaifi, hinted at the possibility of a break-away Sunni state.

His statements follow indications, finally, from Prime Minister Nouri al-Maliki to the effect that ministerial heads may metaphorically roll as a result of their poor performance.

These stories, against a background of increasing violence, have perhaps distracted attention from the fact that the Development Fund for Iraq (DFI), which was set up after the 2003 war to handle oil and other revenues, reverts to Iraqi control from tomorrow, 30th June.

The sums involved are immense, and it is essential that they are handled professionally. We can expect some clarification from the International Advisory and Monitoring Board (IAMB) on Thursday regarding the future management of the fund.


http://www.iraq-busi...pment-fund-dfi/ 

Sunday, June 26, 2011

International banking expert advises global banks to invest in Iraq, private banks to merge


June 26 2011
  • Global financial companies want to invest but collided with challenges
  • Three private banks on the way to integration
International banking expert stressed the need to integrate private banks now before the entry of foreign banks to invest in Iraq. Head of Board of Directors, murabaha consulting, finance, investment, Dr. Hassan Hamoui, based in London: the merger of banks would in future to impose conditions on any negotiations with any international package.
During his participation in the meetings of the general body of the International Bank of Assyria, adding: that integrate financial power is competitive and fill requirements.. Pointing not to miss this opportunity because the ground is sufficient to integrate interested departments of the three banks started to communicate among themselves.
He hinted that the company registered abetl as Murabaha in Britain a financing institution and an investment consultant looking to Iraq and looking for an investment and we want to enter in the financial markets with either existing banks or in partnership with new banks or even ask new banking products as we participate in banking, we would like to point out that we adopt in our management on profit and look first for risk management and then enter another, meaning that any risk we can afford without affecting our financial and get our profit Investing in Iraq and disclosed that touch through discussions moderated by the Chairman of the Board of Directors of the Bank of Assyria depositary alhanzal that there are three difficulties impede the entry of large investments, despite bone opportunities in Iraq, the first Iraqi banks does not seem able to raise and improve the performance and the second constraint is the issue of solvency and challenge the other is how I invest, I know that sakoki is not acceptable and unacceptable aatmadati in government projects and there is a lack of experience in raising capital.
Promising opportunities in Iraq as a big piece of cake for all international banks that wish to contribute to building Iraq through opportunities and projects should address this matter.
And criticized the handling of private banks, wondering, how do we ask banks to develop their performance and I did not acknowledge their instruments or banking kvalatha? Isn’t this fledgling banks and Iraqi economic system certification certified under the resolutions of the State?
He promised the integration step sound and wise said that integration was one of the options and the best and quickest under the circumstances of the country and less costly, citing a representative of the Central Bank of Iraq which showed soft integration mechanism.
The representative of the Central Bank also spoke on article 13 of the Act on banks, which included steps to be followed when merging banks. Pointing out that integration is a global phenomenon, in Japan, for example, there were more than 60 major banks joined in a giant five banks and now leads the economic development in Japan and elsewhere in Lebanon also joined several banks became 60 banks after 19 banks. He explained that in Saudi Arabia thirty banks have merged into one bank is Saudi Commercial Bank and capital now amounts to us $ 500 billion and more than 1,300 branches throughout the world and is a giant lead development operations In Saudi Arabia and abroad.
Either the Executive Director of the securities market of Iraq Taha Ahmed Abdul Salam has reduced fears of integration and said that this is not the first operation there are mergers between companies in the 1990s these mergers covered by company law and articles of the law of private banks.
Abdul Salam called for the inclusion of securities market and Iraq and the Iraqi filing Centre to discuss the future of companies because they are in contact with this process and to overcome the challenges that may arise from actions to shareholders ‘ rights are reserved. repeated: that integration is not something impossible nor difficult and wished to have a body and market Centre role and presence in these meetings for technical reasons and important to know the future of stock belonging to shareholders after the merge.
Paragraph 8 of the agenda of the plenary to discuss the proposal included Ashur bank merger connector for development and Investment Bank and Union Bank with Bank of Assyria is raised this discussion turned to the WSOP accounted for 6 hours of discussion out of 7 hours per meeting to discuss the agenda of one hour.

Iraq Minister of Interior Office: Security ministers are not vacant, Maliki controls


Confirm that the internal security ministries are vacant and they managed institutional
Considered the Interior Ministry, Sunday, that the security ministries are vacant and they managed institutional, as confirmed confidence in the ability of the security agencies to maintain security during the pilgrimage.
The inspector general at the Interior Ministry Aqeel Turaihi, in an interview for “Alsumaria News”, “The security ministries are not vacant, which is administered under the direct supervision of Prime Minister Nuri al-Maliki,” noting that “the achievements of these ministries of the achievements in terms of arrest of wanted men and thwart the schemes were aimed at citizens, confirms that they are managed institutional and adopt the contexts of work and clear and consistent,” he says.
He Turaihi “The security ministries have established for themselves pillars of work are not affected persons to the extent affected by the facts on the ground,” explaining that “contexts professional adopted by these ministries, are organizing the rhythm of work and adjust the paths driven.” stressed Turaihi that “security forces capable of to maintain security in religious events which revive in Baghdad and Karbala, “noting that” these devices are to have enough experience. ” warned the Inspector General at the Ministry of Interior of the “relaxed security services,” inviting them to “exercise vigilance and caution to counter the threats posed by armed groups “.
He Turaihi that “the achievements of the security forces against terrorism may affect the organs of numbness and this dangerous situation,” pointing out that “the security services may feel after the retreat of the work of armed groups that the danger has passed, Vttrakhy grip, and can encourage the sleeper cells of the armed groups to move and targeting the country’s security. “
He is the Prime Minister Nuri al-Maliki, the security ministries acting since the announcement of the formation of the government is not completed since the twentieth of December last, he issued the seventh of June, is commissioned by the national security adviser, Faleh al-Fayad, to take over the post of Minister of National Security agency.
Al-Maliki, said on 11 May last, that the Ministry of Defense is not the right of the Iraqi List, but the component Sunni, the interior of the component Shia, and between that commander of the armed forces is entitled to choose the team that worked with him, he pointed out that the concept of compatibility between the blocks ended after the announcement of the formation of the government.
It is noteworthy that the Iraqi leader Ayad Allawi, said in an interview for “Alsumaria News”, on 9 May, that the Maliki government is working in a confidential manner by sending the names of the candidates of the security ministries to Parliament, and in He emphasized that the desire of his list to withdraw from the political process in the event of Maliki’s insistence on its candidates.
The head of the House of Representatives Osama Najafi announced during a press conference, the fifth of May, the arrival of the names of candidates of the security ministries to Parliament to be discussed and included in the agenda of the Council during the sessions the next, as he emphasized the center coalition that Prime Minister Nuri al-Maliki, sent the names of candidates for security ministries, to Parliament and they both Saadoun al-Dulaimi, the Department of Defense, and Tawfiq al for the National Alliance for the Ministry of Interior, Riyad Gharib for the National Alliance, too, to national security.

Friday, June 24, 2011

CBI: “Structuring currency” includes lifting of the zeroes and the issuance of new categories

Another confirmation article... how much better could this be???


June 23 2011
Confirmed the Iraqi Central Bank Consultant Dr.. Appearance for the project of restructuring the local currency will include the process of lifting the zeros from the currency and the issuance of large groups and a new small, noting that it will support the currency in terms of “transaction costs”, stressing that the project will be implemented in a strategic and several stages.
Saleh said in an interview with “by the people” yesterday, said the worsening economic situation and rampant inflation, which hit the country, added zeros to the currency, and I’ve made these structural weak content of the value of it, pointing out that the citizen uses the categories of high-volume but low-content values.
“The restructuring of the currency” will raise zeros from the currency and the issuance of large and small groups of new ones, will contribute to support the currency in terms of “transaction costs”, adding that it does not affect the citizens’ income, nor to contracts or anything else.
And the Chancellor that with global economic growth and increase the country’s oil exports would lead to higher imports of cash, the current form of currency does not suit the new phase.
Saleh pointed out that the proposed restructuring of the currency is a strategic project, and “needs to support the government and parliament and the people,” pointing out that preceded the project awareness campaign including the citizens, “because the dinar is for all Iraqis, but not limited to a particular class,” saying, “We are going to do when matures and people embrace it. “
He said the project will facilitate commercial exchanges and the citizen will not have time to switch the currency to do so, stressing the goal of the project is to raise the burden on the citizen, and make it prosperous.

Monday, June 20, 2011

Talabani: leaders and representatives of the blocs agreed to immediately halt media campaigns

Talabani: leaders and representatives of the blocs agreed to immediately halt media campaigns 

20/06/2011 18:41:00 

Baghdad (NINA) - President Jalal Talabani announced that the leaders and representatives of the political blocs who held a meeting today agreed to immediately halt the media campaigns and to be committed to President of Kurdistan, Massoud Barzani’s initiative and Erbil agreements.

He said, in a press conference "the meeting, which lasted 3 hours, was successful and ended the boycott, it put frankly the outstanding issues," noting that another meeting will be held soon, which will be attended by Dr. Iyad Allawi in order to implement the rest of the Erbil agreements.”

He explained that today's meeting discussed two topics, the first; the presence of U.S. troops in Iraq and the second is current political situation.

"For the first subject; the participants decides to study the issue of the American military presence extensively in the light of the need for training Iraqi forces, and to hold a special session to issue a political decision on the presence of U.S. troops issue," Talabani went on saying.

He added that regarding the second topic, it was decided to abide by Barzani’s initiative of Erbil.

The leaders and representatives of the political blocs held a meeting today at the home of President Jalal Talabani in the absence of some leaders and VIPs, including the leader of the Iraqiya Slate Dr. Iyad Allawi, Parliament Speaker Osama Al Nujeifi, leader of the National Reform Movement Ibrahim Al Jaafari, and President of Kurdistan, Massoud Barzani.

http://www.ninanews....?ar95_VQ=FHDDMJ 

Sunday, June 19, 2011

CBI: Annual core inflation rate accelerates to 7.3%


BAGHDAD (Babinaoz / Reuters) – A senior official of the Central Bank of Iraq to the annual core inflation accelerated to 7.3 percent in May from 6.1 percent in April, driven by the cost of imported goods and services especially in the health care sector. Qasim said the appearance of the bank’s adviser, “there is little inflation this year, but still under control. I do not think it will exceed the (single digit).”

The Central Bank of Iraq in April that he expected annual inflation to remain in the single digits by the national program of ration, who helped absorb some price increases. And draws most of Iraq’s imports of wheat, rice, cooking for the program, which provides basic food for millions of citizens.

The economy depends heavily on Iraqi oil, which contributes more than 95 percent in revenue. The Central Bureau of Statistics calculates the rate of inflation and the Bank defines core inflation that does not include spending on fuel.

The Executive Chairman of the Iraqi Stock Exchange, Taha Ahmed Abdul Salam said that foreign investment in the stock market jumped this year because the popular uprisings against regimes in the region have made ​​Iraq a more attractive investment alternative.

He added that foreign investors registered net purchases in the first five months of this year, bought shares worth 84 billion Iraqi dinars (72 million dollars).

He said foreign investors sold shares worth ten million dollars since January, after he bought a $ 53 million of the shares in 2010.

Abdel-Salam told Reuters in an interview, “When you see the Arab region now and see what happens you can see the difference between Iraq and the others.

“We have a government .. and foreign companies began to rebuild the country with the Iraqis. And also see the oil companies working … this encourages everyone to invest.”

Iraq is trying to stand on his feet again after decades of war and economic isolation and needs to be invested in almost all sectors under reconstruction efforts.

Iraq has seen protests like other countries in the Middle East and North Africa, but focused on the demand for better basic services and provide more jobs than calling for regime change.

There are 85 companies listed on the Iraqi market for securities, which began work in 2004. The market is a center of private investment outside the oil sector in a country dominated by state companies.

Abdel-Salam said he expected an increase of from 40 to 50 percent in the number of shares traded in the current year as a whole.

He added that foreign ownership of shares in the stock market rose to about 19 ​​percent in 2011 from three percent in 2008.

He pointed out that foreigners, especially Americans and Europeans and the Arab Gulf and the Egyptians are interested primarily in bank stocks, and the hotel sector and the industrial sector.

Abdul Salam said that since January has traded 210 billion shares worth $ 326 million. A volume of 255 billion shares in 2010 worth $ 342 million.

He added: “One of reasons for the high index of the last meeting of last year to now is the demand of foreigners … they buy four times as much selling.

“I do not say that Iraq is not a risk … but the security situation improved. This type of risk acceptable to investors.” The current market value of the Iraqi Stock Exchange, $ 3.2 billion.

http://wp.me/pZC7o-8Il

Wednesday, June 15, 2011

Maliki says no more public meetings

Maliki announced the end of the public meetings of the Council of Ministers for discussion on time limit per cent

Prime Minister Nuri al-Maliki, Tuesday, from the end of the meetings of the Council of Ministers public that is allocated to discuss what has been accomplished within a cent on the past and, while stressing that it was transparent during which a lot of facts, pointed out that the government would take the opinion of the Committee in charge of evaluating the performance of ministries.


Maliki confirmed during the meeting of the Council of Ministers, this evening, that “the Cabinet meeting for tonight will be the last that is where the discussion out hundred days, a practice that was its aims are manifold, including the transparency of modern accounting and the discussion between us and the citizen,” adding that “all reached Many of the facts. “

Maliki has said he “may not be Pallaivae all they should, but at least we have given a line of what should’ve done it, the last Meetings were, in addition to transparency, it was a method of accountability, motivation and evaluation.”

Maliki said that “the General Committee at the Secretariat of the Council of Ministers will give the results of the evaluation of the performance of ministries and provinces in general, and we will work out.”

Prime Minister Nuri al-Maliki had ordered, on the fifth of June, and, the transfer of the Council of Ministers on the air, while calling for the involvement of citizens assess the work of the ministries within a hundred days.
And select Select-Maliki on 27 February, one hundred days of the ministries and governmental institutions to improve their performance and development services in the country following the demonstrations that swept Iraq’s cities is required to provide services and the fight against corruption and the elimination of unemployment, and the deadline expired on Tuesday.

Iraq has been since 25 February, demonstrations traveled around the country calling for reform and change and the eradication of rampant corruption in the joints of the State, organized by the youth of university students and intellectuals are independent across social networking sites on the Internet, at the time still calls escalate for the demonstrations in all provinces until the achievement of service profile .

And Prime Minister Nuri al-Maliki said in a statement, following the events of 25 February last, the implementation of all the demands of the demonstrations and gave the ministries and councils, provincial hundred days to improve services, as confirmed to the Commission on Parliamentary services that Maliki can not find radical solutions to the demands of the demonstrators.

The President of the Iraqi Council of Representatives Osama Nujaifi threatened, last March, the withdrawal of confidence from the current government and drop what does not meet the demands of citizens, as well as the confidence of every minister could not carry a rate of 75% of programs designed for the ministry, which promise a coalition of state law is an attempt Nujaifi to draw from his role greater than its real role

http://wp.me/pZC7o-8E4

Friday, June 10, 2011

Thursday, June 9, 2011

Maliki to give extra 100-day deadline to improve Iraqi govt's performance.

Maliki to give extra 100-day deadline to improve Iraqi govt's performance.

13:14, June 09, 2011

Iraqi Prime Minister Nuri al-Maliki to set another 100-day period for his cabinet to improve performance after the expiration of the first 100-day deadline he set earlier to quell protests in the country, an official newspaper said Wednesday.

"We want to realize the horizon of a second 100-day period which will support the accomplishments of the first 100-day period, " the state-owned newspaper al-Sabah quoted Maliki as saying.

Maliki said he would listen to his ministers talking about their accomplishments during the first 100-day period and their plans after it, along with discussing the obstacles they faced, the newspaper said.

Late on Tuesday, the Iraqi official television Iraqia broadcasted live meeting of the Iraqi cabinet headed by Maliki to discuss progress made by some ministries during the first 100-day period.

The first 100-day was set by Maliki on Feb. 27 in which he gave his cabinet a chance to improve their performance or face changes, in a bid to quell protests that engulfed the country over poor government performance.

Observers here said the first 100-day period, which ended on Tuesday, showed no tangible achievements for the angry public who were suffering from the persistence of widespread corruption, unemployment and poor public services eight years after the U.S.- led invasion.

They also said it won't be easy for Maliki to fire ministers as he is heading a national partnership government with members from Iraq's main political blocs.

Iraq witnessed earlier this year in several provinces demonstrations against unemployment and a sharp rise in the prices of food staples and demanding better public services.


http://english.peopl...54/7404978.html

Wednesday, June 8, 2011

Japanese Poised for Iraq Investment Surge

Basra, Japan is to launch an investment offensive in Iraq, starting with the southern city of Basra, the Japanese ambassador to Iraq said today.

Speaking at the conclusion of the Japanese investment conference in Basra, Mitsuo Sakaba said numerous Japanese companies are looking to get a share of the massive profits that it is possible to make from Iraqi investments, with a particular focus on energy.

Japan is aware of Basra’s economic and regional status and this makes us determined to make it the center to begin our investments in Iraq,” he said.

27 Japanese companies took part in the conference.

“The conference is the first serious step to return the economic relations between Iraq and Japan after being freezed for many years,” he said.

in the Iraqi cities, particularly in the field of energy but many of them have concerns due to the tensed security situation.

The chairman of the investment committee in Basra, Haider Ali Fadel said: “We have presented the Japanese delegation with everything they need to start investing in the region. We have also provided detailed explanations for the Iraqi investment law and instructions.”

Before the 1990 Iraqi invasion of Kuwait, Japan was one of the biggest investors in the country, but supported the resulting UN sanctions that banned any trade with Iraq.

In 2003 Japan loaned $3.5 billion to develop oil and gas sector and another in 2007 worth $860 million, which opened up channels to allow Japanese companies to invest.

Sabaka said many of his compatriots have failed to take advantage of the opportunities Iraq offers for investment due to fears about the security situation.

Basra – 550 km south of Baghdad – is Iraq’s main oil city and also a major port on Iraq’s narrow gulf coast.

LINK

Source: Maliki calls on Fayad as Minister of National Security

BAGHDAD (Iba) .. Detect a source familiar with the appointment of leadership in the reform movement, Faleh Al-Fayad, Minister of National Security Agency.


The source, who asked not to be named in connection with the independent press (Iba) that Prime Minister Nuri al-Maliki ordered the appointment of Fayad, Minister of National Security Agency said more than Lyndon Altvasilz

The three security ministries, Defense and Interior and National Security, is currently run by al-Maliki and the agency for lack of consensus on the names of candidates to fill the ministerial posts so far.
Fayad, and is the second leading figure in the National Reform Movement, led by the President of the National Alliance Ibrahim al-Jaafari.


http://wp.me/pZC7o-8vo

Tuesday, June 7, 2011

Fayad: Maliki is determined to resolve the security ministries during the next legislative term

07-06-2011 | (Voice of Iraq) - The MP said the coalition of state law Ali Fayad, "Prime Minister Nuri Kamal al-Maliki is determined to resolve the security ministries during the next legislative term by asking the candidates to the parliament," he said, adding that he and the candidate obtaining a majority of the the vote would get the job.
The hospitality in a statement PUKmedia Tuesday, the issue of the Minister of Defense resolved by the Prime Minister and settled on candidates Saadoun al-Dulaimi, the Iraqi and Khalid al-Obeidi, and the House of Representatives choose one of them.
And announced that the Iraqi List led by Iyad Allawi, Maliki rejected candidate Saadoun al-Dulaimi, the Ministry of Defence, Minister of Culture for being present belongs to the center coalition.


LINK

Monday, June 6, 2011

GOI Spokesman: We will not extend 100 days but will evaluate performance

Iraqi Government: We will not extend the deadline cent on the political blocs and is concerned with the evaluation of Ministers

The Iraqi government confirmed on Monday that it will not extend the time limit set by the Hundred Days to improve services, pointing out that the evaluation of ministers and directors-general of the jurisdiction of the Council of Ministers and not the political blocs to which they belong, as indicated to the desire of Prime Minister Petrciq government.

The Minister of State, the government spokesman Ali al-Dabbagh told a press conference jointly held with the Secretary-General of the Council of Ministers on the Keywords in the building of the Council of Ministers and attended “Alsumaria News”, “Timeout cent (Time spent) set by Prime Minister Nuri al-Maliki for the ministers and governors to improve the services would not be extended” .


Dabbagh said that “the government will deal with the coming days as the deadline cent on the same pace of work,” noting that “assessment of ministers and directors-general after the Hundred Days by the political blocs to which they belong will not be taken into account, but will evaluate their work within the Secretariat of the Council of Minister “.


For his part, Secretary General of the Council of Ministers on the Keywords that “what comes out of decisions regarding the dismissal of ministers or general managers or officials depends on the type of assessments and indicators which will be reflected through to inform the Prime Minister, and will form the basis for taking appropriate decisions,” pointing out that the “time-out per cent on was to determine the nature of the situation and to map and future plans. “

Keywords and explained that “the ministries are feminine desire of Prime Minister Nuri al-Maliki since the beginning of the formation of the government,” stressing that “if there is political opportunity for the topic will be the implementation of Limbering.”

Prime Minister Nuri al-Maliki set on 27 February, one hundred days of the ministries and governmental institutions to improve their performance and development services in the country following the demonstrations that swept Iraq’s cities is required to provide services and the fight against corruption and the elimination of unemployment.

Iraq has been since 25 February, demonstrations traveled around the country calling for reform and change and the eradication of rampant corruption in the joints of the State, organized by the youth of university students and intellectuals are independent across social networking sites on the Internet, at the time still calls escalate for the demonstrations in all provinces until the achievement of service profile .
Maliki has vowed in a statement after the 25 events of last February, the implementation of all the demands of the demonstrations and gave the ministries and provincial councils, one hundred days to improve services, as confirmed to the Parliamentary Services Commission that Maliki can not find radical solutions to the demands of the demonstrators.

The President of the Iraqi Council of Representatives Osama Nujaifi threatened, last March, the withdrawal of confidence from the current government and drop what does not meet the demands of citizens, as well as the confidence of every minister could not carry a rate of 75% of programs designed for the ministry, which promise a coalition of state law is an attempt Nujaifi to draw from his role greater than its real role.

http://wp.me/pZC7o-8sY

Iraq, World Food Program will work together to provide 7 million ration cards

Iraq is about the agreement with the World Food Programme to provide a ration card items


Confirmed by the Secretariat of the Council of Ministers, on Monday, that it was agreed with the World Food Programme to provide a ration card items for seven million Iraqis, and as pointed out that there was a marked decline in the abuse of bribery, announced the new structures of the ministries dealing with citizens.
Secretary-General of the Council of Ministers on the Keywords during a press conference held today, the Council of Ministers and attended “Alsumaria News”, “The Coordinating Committee set up by Prime Minister Nuri al-Maliki in March, to follow up the total effort of State, under our chairmanship and membership of the Director of the Office of the al-Maliki and President of the board of advisers and managers Offices of the Deputy Prime Minister, the ministries f follow-up plans for a hundred days and the remaining period of government. “

The Keywords that “the General Secretariat of the Council of Ministers in connection with the agreement with the World Food Programme to provide a ration card items to seven million citizens,” adding that “This agreement will be the areas most affected and there will be a special system to provide the vocabulary and in the Organization ensure delivery of a basket and one-time uniform.”


Keywords and continued that “the Secretariat was held on Sunday, a meeting with the representative of FAO in this area, and a meeting will be held tomorrow in this regard.”

The Keywords that “the Coordinating Committee set up by the Prime Minister, has prepared a special form for the calendar activities of ministries and departments not associated with the Ministry, were distributed between the ministries a few days ago,” noting that “such forms received by the Secretariat today and will receive tomorrow other forms.”

The Keywords that “there are mechanisms have been developed to implement the strategy to combat corruption and there is support from the United Nations, which expressed as one of the best strategies in the world, and has shown willingness to big for their support,” noting that “there is a marked decline in the use of bribery as Ocherth body integrity.”

The Secretary-General of the Council of Ministers for a “new structures to deal with citizens has been coordinated with the ministries, the establishment of departments for citizens linked to the ministers,” asserting that “the General Secretariat of the Council of Ministers has developed a program for the activation of these structures and launched a hot line number 160 in this area.”

Iraq has been since 25 February, demonstrations traveled around the country calling for reform and change and the eradication of rampant corruption in the joints of the State, organized by the youth of university students and intellectuals are independent across social networking sites on the Internet, at the time still calls escalate for the demonstrations in all provinces until the achievement of service profile .

And Prime Minister Nuri al-Maliki said in a statement, following the events of 25 February last, the implementation of all the demands of the demonstrations and gave the ministries and councils, provincial hundred days to improve services, as confirmed to the Commission on Parliamentary services that Maliki can not find radical solutions to the demands of the demonstrators.

The President of the Iraqi Council of Representatives Osama Nujaifi threatened, last March, the withdrawal of confidence from the current government and drop what does not meet the demands of citizens, as well as the confidence of every minister could not carry a rate of 75% of programs designed for the ministry, which promise a coalition of state law is an attempt Nujaifi to draw from his role greater than its real role.

http://wp.me/pZC7o-8t1

Hillary Clinton: The time is right for America to deal with Iraq, Encourage US investors

America encourages its enterprises to increase investments in Iraq


Hillary Clinton
Arbil, June 6 (Rn) – The U.S. Secretary of State Hillary Clinton, said on Monday that the time is right for America to deal with Iraq, a business opportunity, and encouraged U.S. investors to expand their investments in Iraq, according to the network (RTT news) international economic environment.

Clinton said, in a speech at an economic forum attended by directors of major American companies to look for investment opportunities in Iraq, the U.S. government will provide all forms of support to the corporate sector to invest in Iraq. “

It added that “the U.S. Embassy and consulates in Iraq encourages the commercial activities in all parts of Iraq, as do the Foreign Ministry’s attempts to project the success of American companies,” according to the same source.Clinton repeated the commitment of the administration of President Barack Obama, turning Iraq into a strong, democratic and Dhi developed economy, so as to provide for the people of Iraq, stability and prosperity, at the time of the intervention of U.S. relations with Iraq, a new phase, as the U.S. ambassador in Iraq, James Jeffrey stepped up its efforts to open the U.S. Chamber of Commerce in Iraq.


She explained U.S. Secretary of State that he “will be opening the U.S. consulate in Erbil and Basra, which will facilitate the work of American civilian experts with their Iraqi counterparts and supports the work of American businessmen in Iraq over the coming years.”

According to the International Monetary Fund, even though Iraq has a plan to overtake China in growth over the next two years.

She pointed out that “while preoccupied with the Turkish companies, Chinese, French, Jordanian, Iranian, the development of projects in Iraq, we see a small number of U.S. companies in Iraq by the military and diplomats.”

She said, “Iraq seeks to rebuild all aspects of the country’s economic, not only the oil sector, but agriculture, transport, housing and the banks.”

It noted that “the Iraqis are doing everything they can from it in order to provide jobs and investment to local and foreign investors.”

http://wp.me/pZC7o-8t6

Monday, May 30, 2011

Best Western signs deal for first Hotel in Iraq

Best Western International has signed a deal for its first hotel in Iraq, the Best Western Premier Erbil.

The property is owned by Golden Mountains Company and construction of the 160-room hotel is scheduled to begin in September this year.

Best Western is the latest in a series of international hotel operators to announce plans for expansion in Iraq.

Millennium & Copthorne have seven hotels planned in the country, Shaza Hotels will run a hotel in Karbala being developed by Range Hospitality and Rotana already operates a five-star property in Erbil.

Best Western International’s vice president international operations – Asia & the Middle East, Glenn de Souza, said there were several reasons why the company was keen to have a flag in Iraq.

“There are many positive points which have triggered the interest of Best Western in Iraq for its next step of brand expansion. Compared to other countries in the region, Iraq holds good promise when considering the economy, the people, the salaries and financial resources,” said De Souza.

“It is a promising destination that holds vast potential as both a major business centre and a fascinating tourism spot. With Best Western Premier Erbil Hotel, the destination will benefit from the global sales and marketing reach, revenue generation and promotional power enjoyed by Best Western” he added.

The hotel’s facilities will include a restaurant, lobby lounge, spa, meeting and conference facilities and a casino.

Best Western Premier Erbil, located to the recently built international airport, is due to open in the second quarter of 2014.

http://www.hotelierm...-in-erbil-iraq/

Sunday, May 29, 2011

One more encouraging article tonight...

This looks pretty promising, but I'll stay grounded and patient as always.  I recommend you do the same.  Let's pray the week ahead will be awesome...


Sadr offers mediation to resolve differences between the political parties

30/05/2011

Kurdistan: Today schedule a meeting between Maliki and Barzani, Allawi
BAGHDAD - morning

Muqtada al-Sadr announced his willingness to intervene to resolve disputes between the political parties.

This comes at a time when it was announced the Kurdistan Alliance, said the upcoming meeting of the political blocs today will determine the date for the tripartite meeting brings together Prime Minister Nuri al-Maliki and Kurdish President Massoud Barzani, the President of the Iraqi List, Iyad Allawi, in order to address the issue of the National Council for policy, strategy, and the candidates positions on security.

Mr. Sadr in a statement read by his office in Najaf yesterday: that "political differences and conflicts between the large blocs could lead to political disaster, or may have dire consequences." He added: "The people if it wants to output the occupation, the government should seek to that with him hand in hand, and we will end the occupation without a weapon is no dispute. "With regard to feminine ministries," said Mr. al-Sadr in his statement: "We will be with the political blocs, if you have determined, without a bona fide party at the expense of another party, and without political conflicts." In context, announced MP for the Kurdistan Alliance Ashwaq dry that it was "scheduled to take place to discuss common issues between the political blocs during its meeting Monday, and the scheduling of the upcoming meeting to be held between Maliki and Barzani, Allawi in Baghdad aimed at resolving questions of the National Council for policy, strategy, and candidates for office security, and restore relations between the Iraqi National Coalition. "

A spokesman for the Iraqi List, Haidar al-Mulla said in a statement to the "morning" yesterday: "The themes that will put today's meeting of many, including the issue of balance in the ministries, and the General Command of the Armed Forces and the law of the Federal Court and the Supreme Judicial Council, as well as the file of the accountability and justice and the formation of a new body, the Council of the Federal Civil Service and a lot of files, "noting that" the National Council for the strategic policies of the Supreme important part of discussions between the blocs, and must determine its final position on it.
For his part, MP from the coalition of state law Izzat Shabandar: "The file security ministries no longer a problem or obstacle between the coalition and Iraqi rule of law, and is expected to settle this file quickly."

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