Monthly Archives: August 2010
Is This the Real Reason US Troops Can Leave Iraq?
| August 31, 2010 | Filled under All Dinar Trade Articles |
“they argue that it was the Iraqi dinar, and its almost obscene appreciation, that played a crucial role in the decline of insurgent activity” President Barack Obama will address the nation tonight to mark what his administration is calling the end of combat operations in Iraq. And already scholars are revisiting how a war once compared to the Vietnam quagmire reached…
Economist: The Population Census Will Boost Iraqi Economy
| August 30, 2010 | Filled under All Dinar Trade Articles |
Baghdad, Aug. 27 (Aknews) – An Iraqi economist considers that the census will contribute to the stability of the Iraqi market and thereby enhance the economic situation in the country. Taher al-Dawkhi told AKnews on Friday, “Doing the census on time will contribute to the stability of the Iraqi market after identifying the real numbers of the Iraqis.” “In the most…
EU Will Help Iraq Get Rid of Nuclear Facilities
| August 30, 2010 | Filled under All Dinar Trade Articles |
Big News Network – The European Union has agreed to help Iraq get rid of its Saddam-era nuclear facilities, which have become a problem for the country. The EU has signed an agreement which will bring EU scientists to assist the Iraqis in dismantling and decontaminating the nuclear facilities that were built when Saddam Hussein was in power. A $3.2 million…
Iraq Says It May Abide by OPEC Quotas in 2-3 Years
| August 29, 2010 | Filled under All Dinar Trade Articles |
(AP:BAGHDAD)– Iraq’s oil minister says Baghdad will consider abiding by OPEC quotas once its crude production increases to at least 4 million barrels a day in two to three years. Hussain al-Shahristani says there is no rush to discuss quotas with other members of the Organization of the Petroleum Exporting Countries while Iraq’s production level remains at the current 2.5 million…
Zeros in Iraqi Currency Will Not Be Removed
| August 29, 2010 | Filled under All Dinar Trade Articles |
Erbil, (AKnews) – Iraq will not remove the zeros from its currency because it will not resolve inflation and will create opportunities for corruption, said a senior source in Iraq’s ministry of finance and economics. 24 (AKnews) – Iraq will not remove the zeros from its currency because it will not resolve inflation and will create opportunities for corruption, said a…
A New US Oil Rush Could Rock OPEC
| August 28, 2010 | Filled under All Dinar Trade Articles |
By Tamsin Carlisle – It contains hundreds of billions of barrels of light crude oil and thousands of wells and should be scaring the pants off any oil exporter needing high crude prices to balance its budget. It is the Bakken Shale oilfield, which sprawls across two Canadian prairie provinces and two western US states including North Dakota, under 500,000 square…
Iraqi City’s Religious Tourism Set to Grow
| August 28, 2010 | Filled under All Dinar Trade Articles |
By Rebecca Bundhun – The Iraqi city of Karbala, which is home to two of Shia Islam’s holiest shrines, is attracting increasing interest from Gulf investors as an emerging centre of religious tourism. Range Hospitality is a new company that is building a five-star hotel apartment development in Karbala called Al Rawdatain Gardens to cater for the severe shortage of accommodation…
Baghdad’s X-rated Movie Market Rises from the Ashes
| August 26, 2010 | Filled under All Dinar Trade Articles |
Tarek al-Tablawy/ Associated Press – BAGHDAD: The nude women on the DVD cover in a Baghdad street stall say it all: Change, whether you like it or not, is afoot in Iraq. Hundreds of porn DVDs are stacked elbow-deep on a wooden table in Jassim Hanoun’s ramshackle stall on a downtown sidewalk. His other tables have Hollywood blockbusters, such as “King…
Kuwait, Iraq Agree on Oil Output from Border Field
| August 26, 2010 | Filled under All Dinar Trade Articles |
KUWAIT CITY: Kuwait and Iraq have agreed “in principle” on a deal to regulate production from the border oilfields that once caused conflict between the two Arab states, the Kuwaiti oil minister said Wednesday. The deal follows technical negotiations between the two nations and “we have agreed in principle. Kuwait signed the deal and they (Iraq) will be signing it this…
Iraqi Economists: Can Not Privatize State-Owned Banks
| August 25, 2010 | Filled under All Dinar Trade Articles |
Baghdad, (Akaniwz) – The Iraqi economists, on Tuesday evening, the impossibility of privatization of State-owned banks at the moment because of financial links between them and government institutions. The head of the “Economists” Ali told Shia’a Kurdistan News (Akaniwz) that “it is difficult to talk about the privatization of State-owned banks because of mistrust of Iraqi banks for being not based…
Private Banks Sought to Lift the Iraqi Economy From Recession
| August 24, 2010 | Filled under All Dinar Trade Articles |
A newspaper (Express) in the Belgian edition on Monday that private banks in Iraq are working to lift the Iraqi economy from recession. The paper points to “the presence of 36 private banks now in Iraq, with a capital ranging between 50 and 150 million dollars, almost twice the number was in the era of the former Iraqi regime, where there…
Iraq’s Banks Urge Privatization of State Lenders
| August 24, 2010 | Filled under All Dinar Trade Articles |
Iraq’s privately-owned banks have called for the country’s state-owned lenders to be privatised to break up a near monopoly in lending by politicians whose actions remain stuck in the Saddam-era. Although foreign cash has flowed in since the US-led invasion of 2003, ministers still opt to use government banks to do business and are failing to use private rivals, which is…
Iraq Counting on Its Christians
| August 22, 2010 | Filled under All Dinar Trade Articles |
Says Government Is Ready to Protect Minority ROME, (Zenit.org)- To rise again, Iraq cannot but count on Christians, and that is why the government has committed itself to ensure their future, according to the Iraqi ambassador to the Holy See. Habbeb Mohammed Hadi Ali Al-Sadr, who began last month to represent Iraq at the Holy See, made this affirmation in a…
Iraq: What Will Last 50,000 U.S. Troops Do?
| August 22, 2010 | Filled under All Dinar Trade Articles |
By Mark Thompson/ Washington – There was a sigh of relief at the Pentagon Wednesday as the U.S. Army’s final combat brigade crossed from Iraq into Kuwait. Generals and their staffs have spent nearly a decade juggling soldiers to meet the needs of two wars, bruising many of the units and stretching the Army nearly to the breaking point in the…
Contractors in Iraq to Double
| August 21, 2010 | Filled under All Dinar Trade Articles |
WASHINGTON, (Agencies): US troops will still be in combat and taking on Islamist militants in Iraq even as the American military moves to an “advise and assist” role with a smaller force, officials said Thursday. The withdrawal of the last US combat brigade on Thursday was hailed as a symbolic moment for the controversial American presence in Iraq, more than seven…
Kurdistan Seeking to Make its Oil Imports 25 Billion Dollars Annually
| August 20, 2010 | Filled under All Dinar Trade Articles |
Erbil / Orr News – The Minister of Natural Resources in the Kurdistan Regional Government Ashti Hawrami that his ministry seeks to make the oil production in the region up to one million barrels per day during the next four years, expected in imports during this period to 25 billion dollars annually. This came during a press conference held Hawrami with…
Last U.S. Combat Brigade Leaves Iraq
| August 19, 2010 | Filled under All Dinar Trade Articles |
(CBS/AP) As their convoy reached the barbed wire at the border crossing out of Iraq on Wednesday, the soldiers whooped and cheered. Then they scrambled out of their stifling hot armored vehicles, unfurled an American flag and posed for group photos. For these troops of the 4th Stryker Brigade, 2nd Infantry Division, it was a moment of relief fraught with symbolism.…
Dates or Oil? Iraq’s Farmers Fear Gold Rush
| August 18, 2010 | Filled under All Dinar Trade Articles |
By Aref Mohammed/ ZUBAIR, Iraq (Reuters) – Jaleel Jabr al-Fartusi has worked his acreage near the oil hub of Basra since 1970 but could lose it in Iraq’s post-war rush for the black gold that lies below the plot he harvests for tomatoes and cucumbers. Contracts awarded to global oil firms that could boost Iraq’s production capacity to 12 million barrels…
Baghdad Fuel Consumption at Record High Amid Frequent Power Cuts
| August 18, 2010 | Filled under All Dinar Trade Articles |
Baghdad – Fuel consumption in Baghdad has reached a record of 6.5-7 million litres per day, an oil ministry official said Tuesday, as Iraqis increasingly turn to private generators because of frequent power cuts. Fuel consumption in July was 16 per cent higher than consumption in the same month last year, an official told the German Press Agency dpa. ‘There are…
Iraq Cuts September Basra Oil Rates
| August 17, 2010 | Filled under All Dinar Trade Articles |
Discounts deepened by 45 cents a barrel after Saudi Arabia reduces prices for Asian buyers. Baghdad: Iraq cut the official selling price for September shipments of its Basra Light crude for Asia, reducing the cost to the lowest level in eighteen months. The producer also pared prices for both its Basra and Kirkuk crude grades loading next month for Europe, and…
Camel Crisis
| August 16, 2010 | Filled under All Dinar Trade Articles |
Modernity, urbanization, motorisation are slowly destroying way of life that has survived for thousands of years. By Ed Emery – The camel has long had a special place in the imagination of the West, from the Greek historian Herodotus telling a story about Indians using fast-running camels to defeat dog-sized, man-eating ants that guarded gold, through the Three Magi journeying to…
Since March elections, the two top vote-getting blocs have failed to secure the majority needed in Parliament to form a government. Politicians from some of the biggest factions have warmed to the idea of creating an executive post they hope would better balance out power between the two sides, said people taking part in negotiations.
These people said the idea was floated during negotiations months ago, but that it went nowhere until American officials put forth a concrete proposal during Vice President Joseph Biden’s July visit to Baghdad.
Hoshyar Zebari, Iraq’s foreign minister in the current government led by Nouri al-Maliki, compared the talks to a game of musical chairs.
“There are a limited number of chairs,” he said. “So, [U.S. officials] want to increase the number of chairs.”
Mr. Zebari is one of the lead negotiators for the Kurds, seen as American allies and kingmakers in the current tussle. Mr. Zebari said the creation of the new position was high on a list of fresh Kurdish demands sent last week to all contenders to the premiership.
The proposal appears to have gained broader traction in recent weeks because more U.S. officials are saying they believe the only way to end the impasse is to push Mr. Maliki, whose bloc won 89 seats in Parliament, and his rival, former Prime Minister Ayad Allawi, with 91, to form the core of the next government. Neither has been able on his own to muster a coalition of the minimum 163 seats required to form the government.
A U.S. official said Washington was helping the two sides reach an agreement “on governing principles and modalities,” adding that Washington isn’t “dictating terms.” Jeffrey Feltman, the U.S. assistant secretary for Near Eastern affairs, arrived in Baghdad over the weekend in a bid to push talks forward.
The new post would head a “council on national strategy,” whose members include the prime minister and his two deputies, key ministers, the president, the two vice presidents, the speaker of Parliament and the president of the northern semiautonomous Kurdish region, among others, said people involved in the negotiations.
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