Monthly Archives: May 2010
Iraq’s Year of Transition
| May 31, 2010 | Filled under All Dinar Trade Articles |
As Afghanistan and Pakistan continue to take their lion’s share of attention from the American media and government, Iraq remains a nation in delicate transition–balancing between its potential to become a powerful, positive influence in the Middle East and its vulnerability to sectarian division and terrorist advances. On March 7, Iraq held its second parliamentary elections since Saddam’s fall. Although many…
Iraqi Police Recover 1.3 Million Dollars From Bank Heist
| May 31, 2010 | Filled under All Dinar Trade Articles |
NAJAF, Iraq — Police investigating a bank robbery near Najaf in southern Iraq have recovered 1.3 million dollars of the 5.5 million stolen and made one arrest, a local official said on Saturday. The theft on Thursday evening was the second major Iraqi heist this week, coming just two days after masked gunmen swooped on jewellers in Baghdad in a rampage…
Tradition Thrives At Baghdad Equestrian Club
| May 30, 2010 | Filled under All Dinar Trade Articles |
By Peter Kenyon- An equestrian ritual of anticipation unfolds just as it has for more than eight decades in West Baghdad’s Amariya neighborhood: Jockeys in brilliantly colored racing silks coax their nervous mounts into the starting gate. The stadium crowd streams out toward the rail to get a view of the finish. The last balky horse slides into place. A flag…
A Fresh Look at Iraq: Tourism as a Long-Term Stabilizing Factor
| May 30, 2010 | Filled under All Dinar Trade Articles |
Often referred to as the cradle of civilization, Turkey’s neighbor Iraq has three UNESCO World Heritage sites to offer plus a number of others already on their tentative list Step-by-step, incoming tourism has become the focus of attention for a number of Iraqi ministries and government departments. Can tourism help to stabilize a still-volatile environment? Should Turkish entrepreneurs look across the…
Serviceman and Iraqi Wife Caught in a Paperwork Prison
| May 30, 2010 | Filled under All Dinar Trade Articles |
By Steve Lopez- Army reservist becomes the subject of a military investigation after marrying a translator he met while serving in the Mideast. When David Bloom of Los Angeles shipped to Iraq in 2005 with the U.S. Army Reserves, the last thing he expected to find there was a wife. But the first time he set eyes on an Iraqi woman…
Iraq’s al-Maliki Asserts He’s to Stay Prime Minister
| May 30, 2010 | Filled under All Dinar Trade Articles |
By Saad Abdul-kadir, The Associated Press, May 30, 2010- Other coalition partners are lukewarm about his leadership, however. Iraq’s prime minister said Saturday he is the only nominee from his political party to run the nation’s next government, rejecting suggestions of a consensus candidate to satisfy those concerned about his leadership. Nouri al-Maliki’s comments revealed an unwillingness to budge in negotiations…
IRAQ: Decline of the Euro Will Give a Major Boost for Iraqi Currency
| May 29, 2010 | Filled under All Dinar Trade Articles |
Economist on behalf of Abdul-Hadi, the decline witnessed by the euro in global markets will have a positive impact and negative at the same time the Iraqi economy. Abdul-Hadi said the positive impact lies in the fact that the foreign reserves in Iraq as a whole dollar, adding that the price of the dollar against the depreciation of the euro will…
Pushing the Investment Frontier in Iraq
| May 28, 2010 | Filled under All Dinar Trade Articles |
By Lisa Mitchell, BBC News- Fancy investing in Iraqi tourism? It doesn’t sound like an immediate growth area. But this week two new investment funds which pinpoint hotels in Baghdad as a golden opportunity are being launched in London. On the plus side for international investors, Iraq is a country under reconstruction, with huge oil reserves and an educated middle class.…
ENI, Shell to Drill Wells at Iraq Oilfields
| May 26, 2010 | Filled under All Dinar Trade Articles |
By Rania El Gamal- Iraq signs oilfield deals with CNOOC, TPAO BASRA, Iraq – Royal Dutch Shell and Italy’s ENI will drill new wells at Iraq’s Majnoon and Zubair oilfields as part of plans to help boost output and propel the country to the status of a major oil producer. An ENI executive said on Tuesday the company would drill up…
Refining Iraq’s Green Thumb
| May 25, 2010 | Filled under All Dinar Trade Articles |
Ninewa Province Receives Agricultural Overhaul By Spc. Dustin Gautney, 2nd HBCT Public Affairs, 2nd “Spartan” Heavy Brigade Combat Team, 3rd Infantry Division Public Affairs Blackanthem Military News CONTINGENCY OPERATING SITE MAREZ, Iraq – Agriculture has allowed cultures to develop dense populations and has been a means of income for families worldwide. Currently, Iraq imports 72 percent of its agricultural goods from…
Baghdad’s Tepid Nightlife
| May 24, 2010 | Filled under All Dinar Trade Articles |
Older, beefy men gather as the whiskey flows, young women dance to loud Arabian rhythms. When the police crack down, there is always a higher higher-up to get the party started again. By Borzou Daragahi, Los Angeles Times- Reporting from Baghdad Cops stormed in and shut the place down. Up the stairs and out into the warm spring night the tipsy…
Helen Thomas Asks George Bush About Iraq
| May 23, 2010 | Filled under All Dinar Trade Articles |
Remembering President George W. Bush’s reasons for going to war against Iraq after September 11th, 2001. Sometimes we need to remember, lest we forget, why history was made this way with more war. Your comments are more than welcome here no matter which side of the fence you are on. * * * Related Iraqi Dinar Articles- Iraqi Dinar Revaluation Soon
U.S. Real Estate Firm Finds Vibrant Housing Market — in Iraq
| May 23, 2010 | Filled under All Dinar Trade Articles |
Sometimes you’ve got to go a long way to find true opportunity. Good thing Americans are known for their resourcefulness. Two college students in Minnesota think they have finally found a housing market with growth potential. Their Forex Realty Consultants links expatriate Iraqi property owners in the U.S. with buyers in Iraq. It just goes to show that there are always…
13-Year-Old US Pianist Plays With Iraq Orchestra
| May 22, 2010 | Filled under All Dinar Trade Articles |
By BARBARA SURK Associated Press Writer Llewellyn Kingman Sanchez Werner, who studies piano and composition at New York’s renowned Juilliard School, got a standing ovation from an enthusiastic crowd of about 250 after performing Gershwin’s “Rhapsody in Blue,” and warmly embraced the conductor. Most of the audience at Baghdad’s Rasheed Hotel was Iraqi, though a few American soldiers were in the…
Iraq to Withdraw 70 Percent of the Excess Liquidity
| May 22, 2010 | Filled under All Dinar Trade Articles |
IRAQ- Emphasized the continuing support of housing projects, industrial and service Baghdad, Taha Hussein. Bank of Iraq could pull a high proportion of surplus liquidity need for the local market as well as continuing to support projects of industrial, service and housing. The general director of the bank Abdul Hussein al-Yassiri told a news conference attended by the “morning” that the…
Iraq Supergiants to Hit 2.1 Million BPD End 2010
| May 22, 2010 | Filled under All Dinar Trade Articles |
Saturday, 22 May 2010, Reuters, Basra- Iraq expects crude output from its southern oilfields, Rumaila, Majnoon and West Qurna Phase one, to reach about 2.1 million barrels per day by the end of this year, the head of South Oil Co. (SOC) said on Friday. State-run SOC gave the estimates after international firms presented development plans and started issuing tenders for…
Local Art Show Paints Bright Picture for Iraq’s Future
| May 21, 2010 | Filled under All Dinar Trade Articles |
BAGHDAD — The room was boiling hot because of all the people. A canvas of variety, it was filled with people from many walks of life; sheiks, Iraqi Security Force soldiers, local Iraqi businessmen and businesswomen, U.S. Soldiers, American civilians, Iraqi children. Such different ways of life, yet everyone was smiling and talking amongst each other like friends. What brought them…
WFP Launches First Cash-for-Work Program in Iraq
| May 20, 2010 | Filled under All Dinar Trade Articles |
BAGHDAD – The World Food Program (WFP) today launched a cash-for-work programme in Iraq to help some of the poorest sections of Iraqi society earn enough money to pay for food that might otherwise be beyond their reach. “Food insecurity in Iraq is an access problem, not an availability problem,” said WFP Country Director Edward Kallon. “While there’s food in the…
Iraqi Baseball Team Visits to Get Feel for America’s Pastime
| May 19, 2010 | Filled under All Dinar Trade Articles |
The players on Iraq’s premier national baseball team saw a baseball stadium for the first time on a recent 10-day visit to the United States, courtesy of the State Department. By Nancy A. Youssef McClatchy Newspapers WASHINGTON — The players on Iraq’s premier national baseball team saw a baseball stadium for the first time on a recent 10-day visit to the…
The Largest Private Equity MENA Deal of the Year to Close in Iraq
| May 19, 2010 | Filled under All Dinar Trade Articles |
DUBAI, UAE, May 18, 2010 /PRNewswire/ – – MerchantBridge’s Ongoing Investments in Iraq now Over US$1.5bn in Debt & Equity Following Recent US $200 million deal in Kerbala Cement Rehabilitation Program With its latest deal, MerchantBridge, a direct investment and private equity company focused on Middle East investments, has now invested and managed in excess of US$1.5 billion in debt and…
Chinese-Turkish Consortium Seals Iraq Oil Deal
| May 18, 2010 | Filled under All Dinar Trade Articles |
BAGHDAD: A China-led consortium sealed a deal with Iraq yesterday to develop a prized cluster of three oil fields in the country’s south, bringing China closer to becoming the dominant foreign player in Iraq’s recovering oil sector. The agreement brings to 11 the number of deals signed with international oil companies since bidding began in June. Four of those deals and…
Iraq Force Captures al-Qaida Leader South of Baghdad
| May 16, 2010 | Filled under All Dinar Trade Articles |
Afghan Voice Agency(AVA)- The latest detention of al-Qaida leader came a day after the militant group nominated al-Nasser Lideen Allah Abu Suleiman as its new top leader who vowed to continue deadly attacks with “dark days in blood color.” Iraqi security forces captured an al-Qaida leader during an operation in a town south of Baghdad, an Iraqi military spokesman said on…
Iraq Plans New Push to Bolster Oil Output
| May 16, 2010 | Filled under All Dinar Trade Articles |
Iraq, which last year awarded 10 contracts to oil majors, expects to add 600,000 barrels per day of new oil to boost output to 3.2 million bpd by the end of next year, a top oil official said. ‘We expect to increase production by around 600,000 bpd over the course of this year and next,’ Iraqi deputy oil minister for upstream…
‘We expect to increase production by around 600,000 bpd over the course of this year and next,’ Iraqi deputy oil minister for upstream Abdulkarim Al Laibi was quoted as saying in a report in our sister newspaper Gulf Daily News (GDN).
The country’s current oil output capacity stands at around 2.6 million bpd.
Iraq, which sits on the world’s third largest crude reserves, last year awarded 10 major development contracts to foreign companies in two rounds with the aim of raising output capacity to 12 million bpd by 2017.
‘In general the companies we signed with will make the 10 per cent capacity rise for the first round awards and initial production rates for the second round fields within the next two years,’ Laibi said.
The contract for Rumaila, Iraq’s largest oilfield, with BP and China’s CNPC, is expected to add 100,000 bpd by the end of this year, he said, and others will come on stream gradually.
Iraq’s oil ministry is organising a major meeting in July with the international oil companies that won contracts to sort out logistical problems facing them, Laibi said.
The country is also working to expand its crude oil export facilities, including pipelines, to handle as much as 10m bpd from just under 2 million bpd currently, he said.
Foster Wheeler was working on a plan to expand southern export capacity at the Basra and Khor Al Amaya terminals to 4.5 million bpd from 1.3 million bpd. Now, the company has been asked to raise the capacity to…(more story)
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