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/
Showing posts with label gold. Show all posts
Showing posts with label gold. Show all posts
Thursday, June 30, 2011
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.
Saturday, June 25, 2011
Iraq’s Central Bank to delete zeros from Iraqi currency.
Iraq’s Central Bank to delete zeros from Iraqi currency. |
| Saturday, June 25, 2011 09:23 GMT |
Iraq’s Central Bank announced on Thursday that it is planning to delete the zeros from the Iraqi currency. This step is one of the bank’s strategic missions; the Central Bank said adding that the new currency will include the Kurdish language in addition to the Arabic language. “The zeros that were added to the Iraqi currency previously constituted a large money supply up to 28.500 trillion Iraqi Dinar and 5 trillion banknotes”, the adviser of Iraqi Central Bank governor Mothahhar Mohammed Saleh told Alsumarianews. “The Central Bank has prepared all requirements needed to delete the zeros from the Iraqi Currency”, Saleh said. “This step is one of the Iraqi central bank’s strategic missions. The monetary policy of the bank aims to structure and reduce the currency in a country moving towards an economic phase”, he added. “The project of deleting zeroes is complete. It will be submitted to the central bank’s administration in the next session. Then, it will be passed to the ministerial council before presenting it to the Parliament for vote. The mechanisms of changing the currency will be gradual. It will be preceded by awareness campaigns for citizens”, the adviser of Iraqi Central Bank governor said. “The new currency will be printed after deleting the zeros and will include the Kurdish language in addition to the Arabic language. It will bear as well photos of Iraq’s civilizations and patrimony in addition to symbols of Iraqi intellectuals and figures”, Saleh noted. On June 19, Iraq’s Central Bank Governor Sanan Al Shebeibi affirmed during the meeting of independent commissions with Prime Minister Nuri Al Maliki that the bank is preparing all requirements needed to replace the Iraqi Currency. Iraq’s Central Bank has four branches including Basra, Sulaimaniah, Arbil and Mosul. It was founded as an Iraqi independent bank by virtue of Iraq’s Central Bank Law issued on March 6, 2004. The bank is responsible for the prices stability and the implementation of monetary policy including exchange rates, the management of foreign reserves, the issuance of currencies and the organization of the banking sector. |
Friday, June 24, 2011
CBI declares its readiness to start deleting zeros from the Iraqi currency, and add the Kurdish language on the new
Friday, 24 2011
Central Bank of Iraq, Thursday, for his willingness to delete the zeros of the Iraqi currency, and as he emphasized that this step is one of the strategic functions of the Bank, pointed out that the new currency will contain on the Kurdish language in addition to Arabic.
Central Bank of Iraq, Thursday, for his willingness to delete the zeros of the Iraqi currency, and as he emphasized that this step is one of the strategic functions of the Bank, pointed out that the new currency will contain on the Kurdish language in addition to Arabic.
The adviser said the Iraqi Central Bank Governor appearance of Mohammed Saleh an interview with ” Alsumaria News “,” The zeros are added to the Iraqi currency during the last period, formed a cluster of large cash $28 trillion and 500 billion Iraqi dinars, nearly five trillion banknote, “noting that” the Bank has created all the supplies for the deletion of zeros from the currency ” .
Saleh added that “the process is one of the strategic functions of the Central Bank of Iraq,” adding that “monetary policy of the Bank based on the structure and reduce the volume of currency in a country moving to the stage of the economy.” Salih stressed that “the project to delete the zeros have been completed and will be presented to of the Central Bank of Iraq during its next meeting, and then will be submitted to the Council of Ministers to be presented to the House of Representatives for a vote, “pointing out that” the mechanisms of switching and changing the currency would be gradual preceded by campaigns to educate the citizens. “
Saleh continued that “the new currency that will be printed after the Delete the zeros will contain the Kurdish language in addition to Arabic, as well as some pictures that refer to the heritage and civilizations of Iraq and the symbols of scientists and thinkers the Iraqis. “
The Iraqi Central Bank Governor Sinan Shabibi said at a meeting of independent bodies with Prime Minister Nuri al-Maliki, which took place in the 19 of June current readiness for the creation of all supplies to replace the Iraqi currency.
The Central Bank of Iraq, has four branches in Basra and Sulaymaniyah, Irbil and Mosul, which was established as a bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March 2004, which is responsible for maintaining price stability and implementation of monetary policy, including exchange rate policies and the management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.
Thursday, June 23, 2011
CBI declares its readiness to start deleting zeros; CBI to submit plan to Parliament for vote
Alsumaria News / Baghdad said the Iraqi Central Bank, Thursday, for his willingness to delete the zeros of the Iraqi currency, and as he emphasized that this step is one of the strategic functions of the Bank, pointed out that the new currency will contain on the Kurdish language in addition to Arabic.The adviser said the Iraqi Central Bank Governor the appearance of Mohammed in an interview for “Alsumaria News”, “zeros are added to the Iraqi currency during the last period, formed a cluster of large cash $ 28 trillion and 500 billion Iraqi dinars, nearly five trillion banknote,” noting that “the Bank has created all the items to delete zeros from the currency. “
Saleh added that “the process is one of the strategic functions of the Central Bank of Iraq,” adding that “monetary policy of the Bank based on the structure and reduce the volume of currency in a country moving to the stage of the economy.”
Salih stressed that “the project to delete the zeros have been completed it will be submitted to the Department of the Central Bank of Iraq during its next meeting, and then will be submitted to the Council of Ministers to be presented to the House of Representatives for a vote, “pointing out that” the mechanisms of switching and changing the currency would be gradual preceded by campaigns to educate the citizens. “
Saleh continued that “the new currency, which will be printed after the deletion of zeros will contain the Kurdish language in addition to Arabic, as well as some pictures that refer to the heritage and civilizations of Iraq and the symbols of scientists and thinkers the Iraqis. ” The Iraqi Central Bank Governor Sinan Shabibi said at a meeting of independent bodies with Prime Minister Nuri al-Maliki, which took place, In the 19 of June, and, ready to create all the supplies to replace the Iraqi currency.
The Central Bank of Iraq, has four branches in Basra and Sulaymaniyah, Irbil and Mosul, where established bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March 2004, and is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign reserves and the issuance of currency management, as well as the organization of the banking sector.
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
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
Wednesday, June 15, 2011
Maliki orders Army to make greater efforts to protect the refineries and oil pipelines
Arbil, June 15 (Rn) – issued by Iraqi Prime Minister Nouri al-Maliki ordered the Iraqi army should make additional efforts on the issue of bra refineries and oil pipelines in the country, to prevent any assault or targeting those pipelines and refineries.
He said the site (Blomberk) e, that the “meeting of the Iraqi cabinet, which was held on Tuesday, included a discussion of the performance of ministries within the 100 days that Maliki had set for evaluating the work of ministries and local councils of Iraq,” quoted Maliki as saying during the meeting that “any failure to protection of oil firms, would create problems for Msfii session and Peggy, as well as pipelines that carry fuel to power stations. “
For his part, said the office manager to lead the military forces of the Iraqi armed Farouk al-Araji “The Iraqi army received the task of protecting the Baiji oil refinery (north Baghdad) of the police force by about 15 days.” Noting that “surveillance cameras set up in several places to help stop the incidents targeting the refinery and oil pipelines.”
It is said that pipelines and oil, and refineries are continuously to the attacks and targeted by armed groups, in order to harm the interests of the Iraqi government.
The Baiji refinery, one of the largest refiners of Iraq, has the capacity to produce 250 thousand barrels of oil a day, but it stopped working several days because of the targeting process armed in February 26 last year, which resulted in raising the problem of scarcity of fuel in the country, and its resulting effects negative in the production of electric power stations.
And the output is exported Baiji refinery, through pipelines to the oil of Kirkuk to the Turkish port of Ceyhan, but the pipeline was damaged in last March as a result of targeting the bombing, which resulted in heavy losses, and waste of large quantities of oil.
http://wp.me/pZC7o-8E7
He said the site (Blomberk) e, that the “meeting of the Iraqi cabinet, which was held on Tuesday, included a discussion of the performance of ministries within the 100 days that Maliki had set for evaluating the work of ministries and local councils of Iraq,” quoted Maliki as saying during the meeting that “any failure to protection of oil firms, would create problems for Msfii session and Peggy, as well as pipelines that carry fuel to power stations. “
For his part, said the office manager to lead the military forces of the Iraqi armed Farouk al-Araji “The Iraqi army received the task of protecting the Baiji oil refinery (north Baghdad) of the police force by about 15 days.” Noting that “surveillance cameras set up in several places to help stop the incidents targeting the refinery and oil pipelines.”
It is said that pipelines and oil, and refineries are continuously to the attacks and targeted by armed groups, in order to harm the interests of the Iraqi government.
The Baiji refinery, one of the largest refiners of Iraq, has the capacity to produce 250 thousand barrels of oil a day, but it stopped working several days because of the targeting process armed in February 26 last year, which resulted in raising the problem of scarcity of fuel in the country, and its resulting effects negative in the production of electric power stations.
And the output is exported Baiji refinery, through pipelines to the oil of Kirkuk to the Turkish port of Ceyhan, but the pipeline was damaged in last March as a result of targeting the bombing, which resulted in heavy losses, and waste of large quantities of oil.
http://wp.me/pZC7o-8E7
Friday, June 10, 2011
Iraq’s foreign assets may triple in 2015
Country’s GDP to surge 11% in 2011 and deficits to turn into surpluses
Published Thursday, June 09, 2011
Iraq’s official foreign exchange reserves gained around $six billion in 2010 and they could triple by 2015 if oil prices remain strong and the Gulf country pursued an ambitious crude output expansion plan, according to a Western study.
Iraq’s oil production has already surged by more than 300,000 barrels per day during the first quarter of 2011 and a further rise will ally with high crude prices to boost growth in its real GDP to 11 per cent from only 0.8 per cent in 2010, said the study by the Washington-based Institute for International Finance (IIF).
In nominal terms, the economy of the conflict-battered Arab nation is projected to gain nearly $34 billion in 2011 and could swell further by $13 billion in 2012.
From round 2.36 million bpd through 2010, Iraq’s crude output surged to an average 2.7 million bpd in the first quarter of 2011, IIF said.
Assuming consumption of oil increases by five per cent a year, Iraq’s exports of crude in 2011 are projected at 2.15 million bpd, it added.
The report said the increase in oil production is in response to strengthened global demand occasioned by Libya’s shortfall, adding that it was also supported by three successful bidding rounds held since 2008, which drew in international oil companies to develop or rehabilitate Iraq’s vast oil fields.
It noted that Iraq, which controls the world’s third largest proven oil deposits, has set ambitious plans to increase crude output to 11 million bpd by 2020.
But IIF said it believes that target is unlikely to be met, adding that the country’s oil production could gradually rise to around 4.5 million bpd by 2015.
The sharp increase in oil production, combined with higher crude prices, will shift the external current account and fiscal deficits of 2010 to large surpluses of 7.6 and 6.4 per cent of GDP, respectively, in 2011, according to the study.
“Overall, real GDP is projected to grow by 11 per cent in 2011 as a result of the large increase in crude oil production. Growth in nonoil real GDP will depend on improvements in the security situation,” it said.
“If oil prices remain above $100 per barrel, and if the country’s crude production continues to increase over the coming years to about 4.5 million bpd by 2015, then Iraq’s official foreign exchange reserves could almost triple, rising from about $50 billion at the end of 2010 to $143 billion by 2015, equivalent to 78 per cent of projected GDP, or 15 months of import cover.”
The report estimated Iraq’s GDP in current prices at around $80.7 billion in 2010 and expected it to swell to $114.4 billion this year and $127.1 billion in 2012.
It said the surge in real GDP would be mainly a result of higher oil output as hydrocarbon GDP will likely soar by 16.6 per cent in 2011. Non-oil GDP is forecast to rise by nearly 4.5 per cent, it added.
The report put inflation in Iraq at about five per cent in 2010 and forecast it to rise to six per cent in 2011 before edging down to five per cent in 2012.
It expected the country’s external debt to plunge from around 107.7 per cent of GDP in 2010 to 64.2 per cent of projected GDP in 2011 and about 45.8 per cent in 2012. The sharp fall will apparently be due to financial surpluses during 2011-2012 and a surge in the country’s GDP
http://wp.me/pZC7o-8×9
Published Thursday, June 09, 2011
Iraq’s official foreign exchange reserves gained around $six billion in 2010 and they could triple by 2015 if oil prices remain strong and the Gulf country pursued an ambitious crude output expansion plan, according to a Western study.
Iraq’s oil production has already surged by more than 300,000 barrels per day during the first quarter of 2011 and a further rise will ally with high crude prices to boost growth in its real GDP to 11 per cent from only 0.8 per cent in 2010, said the study by the Washington-based Institute for International Finance (IIF).
In nominal terms, the economy of the conflict-battered Arab nation is projected to gain nearly $34 billion in 2011 and could swell further by $13 billion in 2012.
From round 2.36 million bpd through 2010, Iraq’s crude output surged to an average 2.7 million bpd in the first quarter of 2011, IIF said.
Assuming consumption of oil increases by five per cent a year, Iraq’s exports of crude in 2011 are projected at 2.15 million bpd, it added.
The report said the increase in oil production is in response to strengthened global demand occasioned by Libya’s shortfall, adding that it was also supported by three successful bidding rounds held since 2008, which drew in international oil companies to develop or rehabilitate Iraq’s vast oil fields.
It noted that Iraq, which controls the world’s third largest proven oil deposits, has set ambitious plans to increase crude output to 11 million bpd by 2020.
But IIF said it believes that target is unlikely to be met, adding that the country’s oil production could gradually rise to around 4.5 million bpd by 2015.
The sharp increase in oil production, combined with higher crude prices, will shift the external current account and fiscal deficits of 2010 to large surpluses of 7.6 and 6.4 per cent of GDP, respectively, in 2011, according to the study.
“Overall, real GDP is projected to grow by 11 per cent in 2011 as a result of the large increase in crude oil production. Growth in nonoil real GDP will depend on improvements in the security situation,” it said.
“If oil prices remain above $100 per barrel, and if the country’s crude production continues to increase over the coming years to about 4.5 million bpd by 2015, then Iraq’s official foreign exchange reserves could almost triple, rising from about $50 billion at the end of 2010 to $143 billion by 2015, equivalent to 78 per cent of projected GDP, or 15 months of import cover.”
The report estimated Iraq’s GDP in current prices at around $80.7 billion in 2010 and expected it to swell to $114.4 billion this year and $127.1 billion in 2012.
It said the surge in real GDP would be mainly a result of higher oil output as hydrocarbon GDP will likely soar by 16.6 per cent in 2011. Non-oil GDP is forecast to rise by nearly 4.5 per cent, it added.
The report put inflation in Iraq at about five per cent in 2010 and forecast it to rise to six per cent in 2011 before edging down to five per cent in 2012.
It expected the country’s external debt to plunge from around 107.7 per cent of GDP in 2010 to 64.2 per cent of projected GDP in 2011 and about 45.8 per cent in 2012. The sharp fall will apparently be due to financial surpluses during 2011-2012 and a surge in the country’s GDP
http://wp.me/pZC7o-8×9
Wednesday, June 8, 2011
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
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
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
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
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
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
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/
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."
http://translate.goo...om/default.aspx
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."
http://translate.goo...om/default.aspx
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