Monthly Archives: October 2011
Iraq PM Criticises Autonomy Move by Local Province
| October 31, 2011 | Filled under Other News |
(Reuters) – Iraqi Prime Minister Nuri al-Maliki criticized local officials for claiming autonomy in Salahuddin province and said former members of Saddam Hussein’s banned Baath Party wanted to use the area as a safe haven. Iraq arrested hundreds of former military officers and members of the Baath Party this week, a move some officials characterized as foiling a specific plot,…
US Plans Military Buildup in Persian Gulf After Iraq Exit
| October 31, 2011 | Filled under Other News |
Washington, (ANI): The Obama administration is planning to bolster the American military presence in the Persian Gulf after it withdraws troops from Iraq by the end of this year. According to the New York Times, with an eye on the threat of a belligerent Iran, the US is also seeking to expand military ties with the six nations in the…
Kirkuk Announces the End of Fuel Crisis in the Province
| October 31, 2011 | Filled under Other News |
Kirkuk, (AKnews) – The shortage of gasoline in Kirkuk is over, according to the Oil and Energy Committee of Kirkuks provincial council. Jamal Mawloud, a member of the committee, said Kirkuks daily demands of 1,2 million liters of fuel are now being provided by the government. “The fuel crisis is over and gas stations can open from 7 am…
Committee Still Digging for Missing $17b Fund
| October 30, 2011 | Filled under Other News |
Baghdad, (AKnews) –Investigation for the expenditures bills of the US$17 billion of the Development Fund for Iraq is still underway, the legal advisor for Iraqi Prime Minister Nuri al-Maliki said. U.S. officials pointed out in June that an amount of the fund, $6.6 billion, has gone missing while Iraqis say the sum stands at $17 billion. Fadhil Mohammed Jawad,…
Invitation to Establish a Supreme Council for Restructuring Economic System
| October 30, 2011 | Filled under Other News |
Recent increase poured claimed founding Parliament or higher economic Council take over the country’s development policy and contributing to the development of laws and long-term strategic plans, as well as his work as a Government Adviser who can extend the Executive and legislative authorities with tips that make important economic decisions, and those demands come after numerous calls by many economists…
TAQA Favours Iraqi Energy Assets
| October 30, 2011 | Filled under Other News |
In an interview with Bloomberg, the new CEO of the Abu Dhabi National Energy Company (TAQA) said the state-run company looking at more opportunities in Iraq, and aims to exploit the synergy in its oil, gas and power businesses. Last week the company agreed to invest $46 million in WesternZagros Resources, acquiring a 19.9 percent stake in the Calgary-based explorer,…
Iraq Needed a Distinct Role for the Private Sector to Revitalize the Economic Reality
| October 29, 2011 | Filled under All Dinar Trade Articles |
Cannot initiate economic reform away from a monetary policy to maintain the exchange rate, which is an important aspect in the economic world, as well as in venture business Finder a secure environment for the presence in the field of employment, as well as monetary stability is very important for making concrete balanced productive sectors that create an environment friendly to…
Energy UAE is Seeking to Invest in Oil and Gas Kurdistan
| October 29, 2011 | Filled under Other News |
Erbil, (Rn) – The Managing Director of UAE energy firm, which has investments worth billions of dollars in Europe, Canada and Africa, seeking to invest in oil and gas province of Kurdistan, according to the website “Blombarak” American. The Web site published a story quoting Karl Sheldon in a press statement that “the energy company, the UAE is seeking to…
Basra, Discussing with the “Shell” a Number of Investment Projects
| October 29, 2011 | Filled under Other News |
Basra, (Rn) – examined the BIC on Thursday evening with “Shell” oil a number of investment projects for the development of economic reality in the province. The director of public relations in the Shell Diego Beers told the Kurdish news agency (Rn), said his company “intends to cooperate with the Basra Investment Commission to implement a number of investment projects…
UN Pays Out Another $1 Billion from Iraqi oil Fund
| October 28, 2011 | Filled under Other News |
A U.N. panel has approved another $1 billion in compensation payments for victims of Iraq’s 1990 invasion of Kuwait. The U.N. Compensation Commission says the money will go to four companies and four government or international bodies. It did not disclose the identities of the claimants Thursday but said all are in Kuwait. The panel made up of the…
U.S. Confirms Troops Pinned Down in 15 Military Base in Iraq
| October 28, 2011 | Filled under Other News |
Baghdad-morning A US military official said that the number of us military bases remaining in Iraq as pullout scheduled for the end of the year amounted to 15 base out of 505 previously deployed rules. Engineering Directorate, said the Commander of US forces in Iraq General Brock O’Donoghue, in a press statement, “US forces in Iraq are now in…
Iraq War’s ’Missing’ $6.6 Billion Is Discovered in Central Bank
| October 27, 2011 | Filled under Other News |
A new Pentagon audit resolves a lingering Iraq-war mystery, concluding that $6.6 billion of U.S.-controlled reconstruction money was transferred to the Central Bank of Iraq, not lost or stolen. The Coalition Provisional Authority, created by the U.S. to run Iraq after the invasion, controlled more than $20.7 billion during its 14-month life, including $6.6 billion held when it was dissolved…
Iraq Possesses Huge Cash Reserve is the Largest in its History
| October 27, 2011 | Filled under Other News |
Central Bank Governor for (morning): Baghdad’s thghb Al-Tamimi Cannot initiate economic reform away from a monetary policy to maintain the exchange rate, which is an important aspect in the economic world, as well as in venture business Finder a secure environment for the presence in the field of employment, as well as monetary stability is very important for making…
The Iraqi Economy Will Improve After the Departure of U.S. Troops from Iraq
| October 27, 2011 | Filled under All Dinar Trade Articles |
Baghdad – The head of the Liberal parliamentary Bahaa al-Araji, at a conference in the House of Representatives with the various Iraqi political blocs and the host central bank governor, “Shabibi” that the Iraqi economy will improve after the departure of U.S. troops from Iraq. Araji said the reporter (and independent Iraqi news agency) “that there are four important things…
Iraq: Trade with China Reached $8 Billion
| October 27, 2011 | Filled under Other News |
Baghdad, (Rn) – The economic adviser in the Iraqi government federal, Wednesday, that the volume of trade with China reached $8 billion during the first nine months of 2011. Said Salam al-Quraishi said “the volume of trade with China was until last September, $8 billion in private and government sectors.” The estimated volume of trade exchange between the two…
US Iraq Training Program ‘Bottomless Pit’ for US Taxpayers
| October 26, 2011 | Filled under Other News |
The U.S. government’s program to train the Iraqi police could become a “bottomless pit” for American taxpayers, according to a report by the U.S. Special Inspector General for Iraq Reconstruction (SIGIR). As the U.S. prepares to withdraw its military from Iraq, only 12 percent of the funds in a State Department program to train police there will be used for…
NY Fed’s $40 Billion Iraqi Money Trail
| October 26, 2011 | Filled under Other News |
It has been called the largest airborne transfer of currency in the history of the world. But finding out what happened to all the money involved has become one of the biggest financial mysteries of all time. Beginning in the very earliest days of the war in Iraq, the New York Federal Reserve shipped billions of dollars in physical cash…
Securities: Delete the Zeros of the Iraqi Currency Impact on the Financial Trading in the Stock Market
| October 26, 2011 | Filled under All Dinar Trade Articles |
Baghdad, The head of the Securities Commission of Iraq, said that the deletion of zeros from the local currency will affect the financial trading in the stock market. Abdul Razzaq al-Saadi told the Kurdish news agency (Rn) that “Iraq is not qualified economically to delete the zeros of the local currency to the presence of a significant effect on trading…
Iraq to Get New Oil Pipeline?
| October 26, 2011 | Filled under Other News |
ERBIL, Iraq, (UPI) — Gulf Keystone Petroleum announced it was ready to start shipping oil from assets in northern Iraq during the first half of 2012. Last month, the London-listed energy company said it might need another pipeline to get oil from its Shaikan field in northern Iraq. The company aims to produce 15,000 barrels per day by the end…
Iraq Depends Upon an Oil Price of $80 Instead of $85 in the Budget in 2012
| October 25, 2011 | Filled under Other News |
Baghdad, (Rn) – The parliamentary Finance Committee said that the Iraqi government decided to adopt the price of oil is $ 80 a barrel instead of $ 85 in the 2012 budget pursuant to the observations of the International Monetary Fund. Said committee member Abdul-Hussein al-Yasiri told the Kurdish news agency (Rn) that “the Iraqi government re-file the budget in…
Iraq: 34 to Conclude an Economic Agreement in 2011
| October 25, 2011 | Filled under Other News |
Baghdad, (Rn) – The adviser in the Iraqi government said that the number of economic agreements concluded by the Iraqi government in 2011 reached 34 Convention. Said Salam al-Quraishi, told the Kurdish news agency (Rn) that “Iraq signed 34 economic agreements, 18 of the Convention on the consensus reached between the Council of Ministers, and 16 agreements entered into by…
Iraq Finance Minister Says Aims to Slash Deficit
| October 25, 2011 | Filled under Other News |
(Reuters) – Iraq plans to slash its budget deficit by two-thirds in the next three years by raising oil production and allowing more private sector involvement in the state-dominated economy, Finance Minister Rafie al-Essawi said. Speaking on the sidelines of the World Economic Forum in the Dead Sea, Essawi told Reuters in an interview that he expects the deficit to…
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