Archive for February, 2012

KUWAIT: Kuwaiti diplomats acknowledged recent remarks by Iraq Parliament foreign relations committee member, Sami Al-Askari, in which he reasserted Kuwait’s right to construct Mubarak Al-Kabeer Port at its present location. His statements are based on an Iraq parliament investigative report, which resolves that the Kuwaiti mega port will not leave any negative effect on naval mobility in Iraq’s territorial waters. (more…)

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On: Wednesday 02/29/2012 10:55

Babylon (news) .. According to a professor of economics at the University of Babylon, Dr. Jawad al-Bakri that the draft raise zeros from the national currency involves a lot of pros on the reality of the Iraqi economy. (more…)

Baghdadiya News /: the Iraqi List, said adviser Hani Ashour said the list look with interest to the visit of Prime Minister Nuri al-Maliki’s upcoming Kuwait

And hopes to contribute to the flourishing relations to remove Iraq from Chapter VII and the resolution of all differences between the two subjects. (more…)

29/02/2012 10:37
KARBALA, Feb. 29 (AKnews) – The Australian ambassador to Baghdad said her country supports the withdrawal of Iraq from the United Nation’s Chapter VII sanctions, adding that she visited Karbala to discuss investment opportunities.

Lyndall Sachs said in a statement during her visit on Monday: “Australia strongly supports the withdrawal of Iraq from Chapter VII, especially that it applied all its obligations by the International Security Council and the United Nations.”

A decision on Chapter VII is expected to be made by the UN Security Council in June. (more…)

Wednesday, February 29, 2012 13:51

Announced that the Iraqi embassy in Kuwait that Prime Minister Nuri al-Maliki will visit Kuwait in mid-March.

A source familiar with the embassy told all of Iraq [where] that “al-Maliki will visit Kuwait in mid-March and will discuss during his visit a number of outstanding issues between the two most prominent ways to remove Iraq from Chapter VII of the UN Security Council and the file of the missing and prisoners, Kuwaiti and border problems and the Kuwaiti reparations.” (more…)

29/02/2012

He called for a coalition of state law Haitham Jubouri officials to invest the Arab summit scheduled for late next month, Iraq’s debt in the liquidation of some Arab countries.

It is scheduled to take place the Arab summit in Baghdad late next month after it was supposed to take place last year but was postponed to March of 2012 at the request of Iraq. (more…)

29/02/2012
Prime Minister Nuri al-Maliki that Iraq sought to build strong relations with the Kingdom of Saudi Arabia is based on the clarity and direct dialogue and not through intermediaries who may spoil the relationship, sometimes more than what they serve.

Pointing at the same time there is the insistence of Arab actor to attend the summit Baghdad A statement of the Prime Minister’s Office said al-Maliki in an interview with the newspaper Okaz Saudi Arabia: “There are no problematic in the presence of heads of ministries or the military tribunal to represent their countries at the summit, especially in States that have not completed the the political system until now. (more…)

Wednesday, February 29, 2012 14:47

Said an official statement Kuwaiti Minister of Foreign Affairs of Iraq Hoshyar Zebari him the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, a written message from President Jalal Talabani included inviting him to attend the Arab summit conference the twenty-third of the Arab League to be held in the capital Baghdad during the month of March.

The statement said the Emir of Kuwait received the Iraqi Minister and the delegation accompanying him Wednesday afternoon in Bayan Palace, and the meeting was attended by Deputy Prime Minister and Foreign Minister and Minister of State for Cabinet Affairs Sheikh Sabah Al-Khalid Al-Sabah and Deputy Minister of Amiri Diwan Affairs Sheikh Ali Jarrah Al-Sabah.

http://bit.ly/xPAHH0

On: Wednesday 02/29/2012 13:04

Baghdad (news) .. According to financial expert, Abdul Sattar al-Bayati, that the work of the stock market is not encouraging despite the entry of new technology, likely withdrawal of small banks in the event of entry of banks merged with large amounts of capital.

Bayati said (of the Agency news) said on Wednesday: The stock market in Iraq since the year (2003) and yet is still not encouraging and the failure in spite of developments in it and the introduction of the technological and the use of Alajhzh electronic because of the vision inadequate for this market and perhaps there is no doubt in his role in the economic development of the country. (more…)

02:29:29 / 02/2012

Khandan – The Kurdistan Alliance, the formation of the Union of Petroleum and Energy will not be until after the enactment of the oil and gas, indicating that the law will be included on the agenda of the National Conference decision.

A spokesman for the Alliance supporter good: The oil and gas law is more important than everything now, because it will determine the issues outstanding between the federal government and the Kurdistan Region and the powers of the provinces and their relationship to the center, adding: We agreed on the version of the law during the current parliamentary session in line, and this dilemma will not be solved However, through it, and then if necessary to form the Federal Council of the oil or other institutions that will draw the oil policy, we will have a stand. (more…)

29/02/2012 – 2:24
Heading Foreign Minister Hoshyar Zebari today to Kuwait to discuss the details of the visit of Prime Minister Nuri al-Maliki to her, a source familiar with the Zebari discuss with the Kuwaiti side of the arrangements for the visit, pointing out that the date for that visit will be a mid-March. (more…)

Cairo, February 29 (Rn) – The Ambassador Mowaffaq Mahdi Abboud, president of the Department of North and South America in the Iraqi Foreign Ministry said Iraq completed all preparations for the Arab summit, including the preparation and rehabilitation of facilities and buildings that host the summit and its guests as well as the security preparations and logistics.

Iraq and sent five ministers to the Arab countries to deliver a formal invitation from President Jalal Talabani to the leaders and the leaders of Arab countries to attend the summit of Baghdad. (more…)

The auction No. C53 for Central Bank of Iraq bills based on a uniform price auction for IQD 150’000’000’000 par value for the bills  concluded on 28-2-2012.

The total public bidding is IQD 292’500’000’000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 5.10%. (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 29-FEB-2012. The results were as follows:

DETAILS NOTES
Number of banks 21
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 212,814,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 212,814,000
Total offers for selling (US$) —–

2/28/2012 6:59 PM

BAGHDAD / Aswat al-Iraq: The Iraqi Parliamentary Foreign Relations Commission today called the international community to play greater role in removing Iraq from UN Security Council’s Chapter VII and adopting a clear stand to support its legitimate issues, according to a statement.

The statement added that the Commission today received a delegation from the British Embassy in Baghdad. (more…)

With the Iraq index up nearly a fifth on last year and the release of an oil export bottleneck on track, Iraq is looking promising for investors.

The economy is set to expand 12.6 per cent this year, according to the IMF, the fastest rate in the Middle East and North Africa.

It is this speedy growth that is catching the eye of investors, to the extent that EFG-Hermes, the biggest publicly traded Arab investment bank, has started offering an equity-swap product linked to Iraqi securities.

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Cropped image of Iraqi Foreign Minister Hoshya...

KUWAIT, Feb 28 (KUNA) — Iraqi foreign minister Hoshyar Zebari arrived in Kuwait Tuesday on top of an official delegation.

The Iraqi top diplomat was received at the airport by Deputy Premier, foreign minister and minister of state for Cabinet Affairs Sheikh Sabah Khaled Al-Hamad Al-sabah, and foreign undersecretary Khaled Al-Jarallah.

Later, Sheikh Sabah held a dinner banquet in honor of Zebari and his delegation.

http://bit.ly/wAZC1l

Tuesday, February 28, 2012 06:24

BAGHDAD / Baghdadiya News / .. A member of the Commission on oil and energy parliamentary Ali Fayad said his committee will be during next month’s draft oil and gas law to the parliament, Not striking that some modifications have occurred in the draft in line with the supreme interest of the country (more…)

Article One

Erbil, February 28 (Rn) – Iraq demanded Tuesday of the United States formally extended the protection of its funds abroad for another year.

Iraq had last year formed committees to undertake the task of recovery of Iraqi funds in a number of countries after the adoption of the law of recovery of Iraqi funds abroad by the House of Representatives.

The UN Security Council voted unanimously in mid-January on the last three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes and cancel the oil for food program. (more…)

Posted: February 28, 2012 in Iraqi Dinar/Politics

The Currency Newshound

PM says Iraqi dinar re-evaluation has to do with economic conditions
28 February 2010

Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.

“The Iraqi dinar has all the reasons to grow stronger thanks to an increase in revenues and development of the economy,” Maliki said in response to some questions through the National Information Center.

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On: Tuesday 28/02/2012 13:12

Baghdad (news) .. Description of the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh project to delete the three zeroes from the currency as strategic for the country as it will reduce the mass of cash circulating in the local markets.

Saleh said (of the Agency news) said on Tuesday: The central bank exceeded the advanced stages in the preparation of studies and preparations logistics task for the project to delete the three zeroes from the currency and within a specific timeframe as a reform project of the Iraqi currency. (more…)

source revealed on Tuesday that Foreign Minister Hoshyar Zibaar will travel tomorrow to Kuwait to discuss the details of the visit of Iraqi Prime Minister to it, while pointing out that the date for that visit will be a mid-March.

The source said in an interview for “Alsumaria News”, “Foreign Minister Hoshyar Zebari will fly, tomorrow, to Kuwait, heading a delegation from the ministry to discuss the visit of Prime Minister Nuri al-Maliki to Kuwait.”

The source, who asked not to be named “The visit Zebari of Kuwait will address the prospects of Maliki’s visit anticipated the importance of agreeing on activation of the outstanding issues and resolve in preparation for laying the foundations of positive to remove Iraq from Chapter VII, “noting that” Maliki’s visit have been identified in the middle of next March. ” (more…)

Tuesday, 28 February 2012

Baghdad (AIN) –The Kuwaiti Qabas Newspaper mentioned that “The Iraqi Premier Nouri al-Maliki will visit Kuwait to discuss possible settlement for the pending issues between both countries next March.” (more…)

28/02/2012

Experts at the seminar stressed the economic Mustansiriya

Addressed the economic seminar organized by the Department of Economic Studies at the Center for Arabic Studies Mustansiriya and international three studies, the economic dimensions to raise zeros from the Iraqi currency is expected to direct the new currency in circulation in early 2013.

Participated in the symposium sponsored by the President of the University Mustansiriya and Prof. Dr. Haidar Taher Saadi A number of economists and interested and Okadeimun contributed to the enrichment of the research discussions summarized the advantages and disadvantages of the process of removing zeros. (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 28-FEB-2012. The results were as follows:

DETAILS NOTES
Number of banks 22
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 212,816,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 212,816,000
Total offers for selling (US$) —–

On: Tuesday 28/02/2012 12:04

Baghdad (news) .. Noted banking expert Mohsen Ali importance of the introduction of technology banking modern world in the work of Iraqi banks and training of staff to develop their work.

Ali (of the Agency news) said on Tuesday: The Iraqi banks two branches of public and private need to introduce new technology in place in most international banks and training capacity human on these techniques and the English language in order to communicate with the world in order to be Iraqi banks sober and with a good reputation. (more…)

Khuzaie looking message of congratulations to Kuwait and emphasizes the development of fraternal relations and cooperation between the two countries
26/02/2012 20:28:00

The independent Iraqi news agency / Baghdad / p. X … sent Vice President Dr. Khudair Khuzaie a congratulatory telegram to the Crown Prince of Kuwait Sheikh Nawaf Al-Ahmad Al-Sabah on the occasion of National Day of Kuwait.

(more…)

On: Sun 26/02/2012 16:55

Zebari: government is prepared to address all outstanding issues between the two countries according to international resolutions

Set up the Kuwait Embassy in Iraq and at the Hall of the Rashid Hotel yesterday, the first reception to mark the 51 anniversary of independence, attended by a number of political figures, cultural and Iraqi media as well as the UN representative in Baghdad, and a number of ambassadors. (more…)

On: Saturday 02/25/2012 14:43

– The entrance
A – I have put monetary policy of the Central Bank of Iraq

Specific Bakannouna number (56) for the year 2004 issue of inflation targeting and to address the rates rising and work to reduce the priority objectives to reach a state of lasting stability in the general level of prices, so by influencing the levels of liquidity and public control of the trends and at the same time to strengthen the financial sector and its balance and stability and stimulated to respond to market signals fired by the Central Bank through its monetary policy. (more…)

Date: Monday 02/27/2012 13:51

Baghdad (news) .. called economic analyst Ibrahim al-Mashhadani, the need to activate the device standardization and quality control and the law of the customs tariff at the border of Iraq to limit the entry of goods bad for the country.

Mashhadani said (of the Agency news) said on Monday: the federal government that is moving towards the border crossing points and monitors operations import of goods through the activation of the customs tariff and a standardization and quality control on imported goods in order to preserve the safety of citizens from harm, the fact that most food is corrupt. (more…)