Archive for October 16, 2011

Adoption of a mechanism “account the mother” in the Iraq Stock Exchange

Adopted a branch of the company “Forex” in Iraq, the mechanism of “parent account” in the stock market, for deposits to investors, since the probability of loss is very low, and profit rates guaranteed. And apply this mechanism for the first time at the level of buying and selling currencies, in order to encourage the Iraqi investors access to the world of currency speculation


Iraq is a government delegation in the work of the Conference (COMCEC) in Istanbul
On: Sun 10/16/2011 15:28

Baghdad (news) .. to be held in the Turkish capital of Istanbul meetings of the Conference Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Conference – the COMCEC – at its twenty-seventh, and for the period from 17 to 20 of this month and part of Iraq high-level delegation headed by Minister of Trade Khairallah Hassan Babiker and includes the Director General of the Department of Foreign Economic Relations and the Department of International Organizations, Ministry of Commerce.


Economist: 2012, will witness a recession
On: Sun 10/16/2011 14:37

Baghdad (news) .. The economic expert Khaled Hamed on that 2012 will not experience economic stagnation because of the conventions of financial, commercial, economic and Iraq signed with other countries.

The Hamid in a statement (for the Agency news) on Sunday: “It is difficult to predict recession in the coming years, to the fact that this subject needs to the expectations of long-term strategy can not be known in a few months, noting only that the conventions of financial, trade and economy by Iraq with the rest of the best evidence of improvement in the economic reality and away from crises. ”


The latest daily currency auction was held in the Central Bank of Iraq on the 16-OCT-2011. The results were as follows:

Number of banks 21
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 172,179,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 172,179,000
Total offers for selling (US$) —–

The auction No. C44 for Central Bank of Iraq bills based on a uniform price auction for IQD 100’000’000’000 par value  for the bills concluded on the 11-10-2011.

The total public bidding is IQD 180’010’000’000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 7.50%. (more…)

16-10-2011 | (Voice of Iraq) – With the approaching date for the withdrawal of U.S. troops

With near total U.S. pullout from Iraq by end of this year, and the failure of the Iraqi political blocs to a final version on how to deal with the security file in the country starting next year, as well as how they can which solve the crisis of U.S. trainers; seem alternatives are limited to the Iraqi leaders, as well as it is very difficult, especially in light of the continued political differences that cropped up remarkably since the end of the parliamentary elections held in March 2010, and up to the agreements Erbil that the debate is still going on between the Iraqi List led by Iyad Allawi, and the rule of law, led by Prime Minister, Nouri al-Maliki, on the implementation.


Baghdad said the Iraqi cabinet on Saturday for Iraq’s accession to the Global Compact of the United Nations on the work of the investing companies, indicating that this process would rid Iraq of the companies are not transparent, while the United Nations confirmed that those companies will raise the economic level of Iraq.

The Secretary-General The Council of Ministers on the Keywords conference launching the Global Compact of the United Nations and the local network in Iraq and attended the “Sumerian News”, “Iraq, today, joined the Global Compact of the United Nations on the work of the investing companies, which contains the 135 countries and more than six thousand companies and about 3000 non- government in the countries of the world, “adding that” the launch of the local network in Iraq, this Charter represents a major shift in the environment and work culture in Iraq. “


According to a statement from the Judicial Council received the agency all of Iraq [where] a copy of it today, “it was done base Iraqi legislation and in coordination with the United Nations Development Fund for Iraq base Iraqi legislation since the founding of the Iraqi state and reduce the present time and the introduction of amendments to the current by all.”

“The Judicial Council, the legislative base will be distributed to Iraqi judges and prosecutors, as well as all on all official institutions and civil society organizations accredited to be a reference to the laws and a major factor in the dissemination of legal knowledge readily.”


– PARIS, Oct 15 (Reuters) – The Group of 20 leading economies agreed on Saturday that advanced economies would consolidate their fiscal deficits and emerging economies like China would continue their move toward greater exchange rate flexibility.

“Advanced economies, taking into account different international circumstances, will adopt policies to build confidence and support growth and implement clear, credible, specific measures to achieve fiscal consolidation,” a draft G20 communique from a meeting of finance ministers and central bankers said.

Read More:

ASTANA: The US will press major oil-producing nations to ensure they are pumping enough oil to meet demand, regardless of price, while also encouraging a recovery of oil output from Libya and Iraq, a senior energy department official said.

“We don’t assess the supply and demand equation as a function of price per se,” US Deputy Secretary of Energy Daniel Poneman said.

“We look at satisfying consumer demand.”

“The focus still must be on making sure that the existing producers produce adequate quantities to meet current demand.”


Quoted by the Associated Press to a senior U.S. official on condition of anonymity as saying that all U.S. troops will leave Iraq after 2011, except 160 military to protect the U.S. Embassy in Baghdad.

The Agency, on Saturday, that the Pentagon was planning to keep the five thousand troops to train Iraqi forces and limit Iranian influence.


Baghdad (news) .. Research and Foreign Minister Hoshyar Zebari, during a meeting with U.S. Ambassador to Iraq, James Jeffrey, bilateral relations after the U.S. withdrawal.

A statement of the ministry received the Agency (news) a copy of it on Sunday: The two sides discussed the organization of bilateral relations after the withdrawal of U.S. troops from the country during the transitional period.

The statement added, “The two sides stressed to activate and stimulate the strategic framework agreement for cooperation and friendship, for the benefit of both peoples, as well as the continuation of dialogue, communication and political meetings.

16/10/2011 14:12

Erbil, October 16 / October) Rn) – The Secretary General of the United Nations, the need for the stakeholders to make a real effort to fight poverty and raise living standards and alleviate human suffering.

Said Ban Ki-moon, in a message marking the International Day for the Eradication of Poverty, and received by the Kurdish news agency (Rn) a copy of “The authorities concerned should make a real effort to fight poverty and raise living standards and alleviate human suffering,” pointing out that “the United Nations can that address the challenges facing the world economic crisis, climate change and rising food prices and energy, and the effects of natural disasters. ”


16/10/2011 PM

MP for / coalition in Iraq / Cdhir measured, that his list would name new names to the Ministry of Defense by all the leaders of Iraq.

The House of Representatives has voted by majority to give confidence to the government of Prime Minister Nuri al-Maliki, without the security ministries on 21 December last year.


On: Sun 10/16/2011 10:26

Baghdad (news) .. ills economic expert, Abdul-Hassan al-Shammari, the cause of fear of the Iraqi economy of quotas being, however, persons incompetent to manage the economic files correctly in addition to lack of policy-making is real.

Al-Shammari said in a statement to the correspondent Agency (news) on Sunday. ” What is witnessed by the country during the last eight years of deterioration in the economic sector due to lack of management of this file by people incompetent than privations of this crisis, whether industrial or agricultural communities.


Said economic analyst for the spectrum Abdul Salem said that the continued rise in inflation will lead to the reluctance of investors to enter into Iraq for the purpose of investment, calling to find solutions to reduce or minimize the rate of inflation in the country.

Abdul Salim told the reporter Agency (news) said on Sunday: The persistence of increase the rate of inflation for consecutive months in Iraq will lead to a flight of investors from entering the country for the purpose of investment, indicating that inflation is one of the issues that are a sign of weakness in front of the investor and hinder the process of investment within the country.



Detection Sadrist spokesman Salah al-Obeidi, Saturday, the readiness of France, China and Russia to train Iraqi forces instead of U.S. experts, emphasizing pursuit of its leader, Moqtada al-Sadr to search for a replacement for the Americans.

He said al-Obeidi told “AFP” that “there are a lot of countries consider the U.S. occupation of Iraq as the main cause of delay (to provide) assistance to Iraq and progress in any step toward Iraq, both in age and arming the soldiers and give the experience.”


1994 — UN Security Council Resolution 949 is unanimously approved, condemning Iraq’s mobilization of troops along the Kuwaiti border and calling for an immediate and complete withdrawal of the military units to their original positions.

United Nations Security Council Resolution 949, adopted unanimously on October 15, 1994, after recalling previous resolutions including 678 (1990), 686 (1991), 687 (1991), 689 (1991) and 833 (1993) on Iraq, the Council, acting under Chapter VII of the United Nations Charter, demanded that Iraq withdraw troops recently deployed to the border with Kuwait or face further measures.


Deputy for Iraq’s Maliki calls seriously resolve the file cabinet security for fear of the continued deterioration of the security

called MP / coalition in Iraq / The Wissal Slim, Prime Minister Nuri al-Maliki to be serious in resolving the file because of the violations taking place in all provinces, unexpected increase in terrorist attacks because of the proximity American withdrawal.

This has seen the security situation in Baghdad, deterioration of a serious security through attacks with car bombs and improvised explosive devices and adhesives and armed attacks on checkpoints, killing and wounding dozens of civilians and security personnel.


Sunday, October 16, 1 / 2011

MP for the Liberal trend of quitting the Iraqi constitution does not have a dictatorship and the evidence for this has been collecting signatures of all the House of Representatives for the non-renewal cycle as prime minister for two phases.

Zamili said in a statement singled out by the agency and all of Iraq [where] the day that “the Sadrist movement has no problem in re-writing the Constitution because some gaps in the constitutional and paragraphs may be edited because of overlapping provisions of the constitution.”


Note: This is in regards to the relationship between Kurdistan and Iraq, Not the political parties

Erbil, October 16 / October (Rn) – Chairman of the Presidium of the Kurdistan region, the start of the meeting of regional president Massoud Barzani on Sunday with representatives of the Parties and the delegation of Kurdish Kurdish politician who visited Baghdad recently.

According to Fuad Hussein, Kurdistan News Agency (Rn), that “the meeting of the Kurdish regional president Massoud Barzani, with representatives of the Kurdish parties and the delegation Kurdish politician who visited Baghdad recently started the day Bmsif Salahuddin (32 km east of Erbil),” pointing to “post Kurdish parties that participated in the previous meeting with Barzani in a meeting today. ”