Iraq's Ongoing Progress

Mon, April 13, 2015 08:34

The government can not handle the high dollar, and France confirms loss Daash of thousands of men, and the blocks prevent the professionals take over the bodies .. the most prominent local newspapers cited for this day

The government can not handle the high dollar, and France confirms loss Daash of thousands of men, and the blocks prevent the professionals take over the bodies .. the most prominent local newspapers cited for this day

BAGHDAD / Baghdadi News / ... addressed the local newspapers, on Monday, a number of issues relating to the war on Iraq is the most prominent "parliamentary economic: the government can not handle the high dollar, and France confirms loss Daash of thousands of men, and a call to resolve the committee balance in the House Vice-Minister ... (time): blocks prevent professionals take over bodies. "

And we read in the newspaper "Orient" a story under the title "Economic parliamentary: the government can not handle the rising dollar."

It said that "a member of the Committee on Economy and Investment in the House of Representatives beautiful Obeidi said that the government and the central bank can not separate address the problem of rising dollar prices in the market, the absence of economic Court of government policy.

She said al-Obeidi said that «a strong dollar is supposed to be in favor of the economic situation in Iraq, because the budget with a large deficit and the rise of the dollar plugging the deficit, but that Iraq is the country of the consumer and most of the goods imported are purchased in dollars, so it reversed its high price negatively on the country and the citizen.»

She added that «Iraq today can not control the price of the dollar, America and some countries are leading the economic war on the States through the currency and oil», adding that «the government can not control the dollar because of the absence of a court and a good economic and financial policy».

She said al-Obeidi said «the reason for where we are is bad planning by previous governments in the economic side, as well as financial and administrative corruption in state institutions, which grew and became difficult to eliminate it».

She member of the Economic Committee that «the country I can tell that he lost because of corruption whatever we wanted to do something we find in front of us, and Lord disguise Declining oil alerted the government to change its economy and reduce dependence on oil, we must move towards investment and agriculture.»

The newspaper "New Morning" in its issue of the day, a story titled "France confirms loss Daash for thousands of men."

According to the newspaper, "French Foreign Minister Laurent Fabius confirmed, Sunday, that the organization" Daash "lost thousands of men and materiel during the last battle in Tikrit, as pointed out that his country has provided the Peshmerga forces of equipment with the consent of the Iraqi authorities.

He said Fabius, who is visiting the Saudi capital Riyadh in remarks reported by the newspaper "Al-Riyadh" Saudi Arabia and seen "New Morning", "The objective of France and the international coalition is clear, is to defeat al Daash and prevent it from being home always for international terrorism," noting that "France contribute contribution complete in air strikes targeting the organization sites in Iraq, at the request of the Iraqi authorities. "

He Fabius, that "strikes allowed to impose stability in the confrontation in Iraq and Syria lines", noting that "the organization Daash began withdrawing as demonstrated by the recent victory in Tikrit - the organization has lost thousands of men and materiel."

Fabius and pointed out that "the air strikes are not enough and must be on local forces to fight the organization, so France has been at the forefront of foreign countries that supplied the Peshmerga forces with equipment, with the consent of the Iraqi authorities, and then supplied the Iraqi security forces after taking Prime Minister Haider al-Abadi office," he "France defends the policy of national reconciliation pursued by the Iraqi prime minister, and that should be expanded."

Raises attempts to organize "Daash" to impose its control over Syria and Iraq concern to the international community, as expressed several countries, including Arab and foreign "concern" about this organization attempts, before the international coalition led by the Washington air strikes sites organization scattered areas of the two countries.

In the newspaper "time" publishing a story under Anaon "call to resolve the committee balance in the cabinet .. Congress (time): blocks prevent professionals take over bodies."

It said that "the National Alliance called on Prime Minister Haider al-Abadi to entrust the presidency of the independent bodies of minors by clergy professionals, while the Kurdistan Alliance called for political blocs to submit candidates to fill the bodies.

He said the National Alliance MP Jassim Mohammed Jaafar (time) yesterday that (the Constitution and the law have allowed the prime minister to free choice of the people to take over the presidency of the independent bodies, but a close political agreement made Abadi constrained by dividing the bodies on the political blocs) stressing that the (commission balance problem in the Council of Ministers failed in providing candidates agreed on them to fill the bodies and then has to be a solution this Committee and to resort to realistic choices for understanding between the political parties).

He attributed Jafar (the government is unable to give the presidency to independent figures bodies to trap the political blocs on it).

In turn, the Kurdistan Alliance MP Majid behind Chenkali said that (the issue of appointment proxy continuous and not caused by Abadi only, but the political blocs that must be submitted candidates for the presidency of these bodies according to maturity), pointing out that (the management of these bodies proxy will work to lag and therefore would adversely affect the The government and the political process that is now in a good position, especially after the rapprochement between Baghdad and Erbil big victories the security forces and the popular crowd and the Peshmerga).

He called Chenkali in a statement yesterday the political blocs to (expedite the submission of candidates to Abadi, depending on the principle of efficiency, integrity and experience to make it easier for the presidency of the Council of Ministers in the selection of appropriate and qualified to fill the independent bodies).

In the meantime, Turkmen Eli party expressed regret for denying the Turkmen component of the presidency of the pilgrimage and Alamrh.oukal the party said in a statement yesterday that he (expresses its deep regret for the marginalization of unintended against Turkmen component in Iraq, manifested by depriving them of the presidency of the Hajj and Umrah, which he took during the previous years, Mohammed Taqi al-Mawla).

The party expressed the hope (taking into account the Turkmen ensure representation in one of the independent bodies as a benefit to them nationally), stressing the need to (bear this in mind and review to ensure the assigned representative of the Turkmen component for the presidency of one of these bodies in the future). Finished / l

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13 years of the fall of Saddam's regime and the situation is getting worse

Thu, April 9, 2015

Iraq woke up today for the thirteenth time on the anniversary of the great change took place, but he found himself bewildered, citizens consider the delay in search of the answers to all of what happened and what Ihdsal now vary with different opinions and views.
Iraqis they find their conditions worsen arguing in the naming of what happened on the ninth of April 2003 and still, there are those who call the liberation and from there it is called an occupation with the Department of third harnesses because he finds that Altzmatin Sian because the same result, and ruin the same, and the mass itself, and Iraq It is not Iraq.

People Confused
And what happened in the ninth day of April and Ray Iraqis change? What they call this today? Is it liberation or occupation? Is Hemenadmon the fall of Saddam Hussein's regime? And what they missed him? The answers were mixed in together and confused in the majority. Majority say they are happy to change and salvation of a dictatorial regime but Istdrickon that the change was not a real change made to the people of his ambitions that he wants, Confused in the comparison between the two modes bad brought them to ruin and destruction, while noting some that the quota system is aborted hopes were pinned on change, people are confused in what they say, but they contend that the earthquake on the ninth of April behind the repercussions in the Iraqi arena, the most prominent manifestations of the outbreak of sectarian violence, and sectarian divide, and the dominance of political elites on the scene failed to run the country.

Failures of change
Political analyst Dr Ihsan al-Shammari, professor of political science has confirmed that the change did not happen on the ground, and said: Although the 2003 form in Chapter towards change with all its political, economic and security levels of life, but the change included the nature of the system only as he moved from an authoritarian regime to a democratic system, but the change did not happen on the ground.
He added: Mahassahh system did not see you practice of democracy and reflected the full paralysis of this change .. There is no longer dialectic about the occupation term or editing because it lost its luster as a result of the distortion that has plagued the change may be the return of the occupation is the guarantor of Iraq does not slide towards sectarian war ..
He continued: despite all the failures, but I am a believer that the change that has occurred escaped Iraq from a totalitarian regime and do not regret .. change the culture of democracy accumulate through the proper political performance and it's up to the accumulation of this culture and get rid of the failures of change

Now the case is getting worse
The writer Mustafa Saadoun has said that he does not want to talk about call me 'Liberation' and'ctlal 'because he sees the same result in devastation and Iraq is not Iraq, and said: It seems that the difference in the Iraqis about the call me the occupation and liberation is a market for people with a view to promoters politicians take advantage of Tsmetin of difference winning, I do not think that Iraq was not happy liberation nor occupation.
He added: After the ninth of April Iraq occupied intellectually and geographically by terrorism and by the forces want to take it to a tight angle and weaken it.
He continued: I think Iraq over its history there is no word or phrase, or a book Ikhnzel condition, all Iraq sadness and tragedies, Iraq, after 13 years did not take the path of openness to the world, but has been compounded by successive governments have closed, and it was from the services and the streets are clean before 2003 much better, and now the case is getting worse.

The occupation of the individual to the occupation of the group
The writer cream Mr. stressed that what was the largest of all the comparisons and Tkablat, said: what happened after thirteen years of night change later, reveals that we are freed from the occupation of the individual Voukana However, the occupation of the group, occupation, as this land, and liberation is the fate of the inevitable .
He added: comparisons between eras witnessing always limited power and the surrounding industries, security, stability, per capita income, openness to the world ... etc., between yesterday and the day Saddam democracy, in fact, what happened is a blow to date, and was the largest of all Comparisons Tkablat, people liberated, homeland where everyone is equal and their heads to the top, to power, openness hierarchical faceted on the world, and so it was for everyone to pay the price of his desires to seek power and wheel building a state on the basis of incorrect, to pay the price Artmaúna the wills of the outside border, in fact, is the democracy that we were surprised by the tax, as we were surprised by the fall of the repressive power of those reactionary fascist certainly.

Dreams shattered
The journalist Fahd sugar has stressed that Iraq exceeded the contract odd but declined, he said, through my follow up to the form of the state after 2003, a follow-up runs from the 'fourth power' area does not not touch any meaning of 'change', so that policy concepts and sociology, economics no longer active presence in our daily lives as workers in the cultural scene and media, and did not raise our desire to follow the ineffable 'official' because it does not speak of logic and realistic line and the size of 'change' is consistent with the magnitude of the suffering.
He added: I argue that the administrator is aware of any lie exercised, and any myth unbelievable not the same? , Because extreme precision did not come with aches and bottom of Iraq, we were shareholders imagine there is a new fingerprints will occur on the bet our lives in everything about the 'tyrant' perch on the chest of Iraq for more than three decades, to come up against the reality bitter end pain versus Hall and the legend lives 'nobles' rulers new.
He continued: our dreams become scattered with every day that passes without any new picture of this dream, as well as we thought we Sntgm sources 'our oil'?. He explained: So we passed the contract odd and Iraq back down, did not consist 'authority Foundation', and had not practiced realistic 'change' never.
He concluded by saying: I do not care about the words 'occupation and liberation' as long as Iraq's lost its luster under a lot of Translated who found themselves accidentally on the 'chair' rule, but they do not realize that this 'chair' will continue 'Hzaza' until the failed leadership of the people of soreness Iraq inevitably.

America and Daash
As Ms. essence Asadi, an employee, has confirmed that the United States has brought all of this for the benefit of Israel, and said: I can not say I feel remorse, because the days of the case of the former regime did not begrudge him.
She said: I dreamed of changing the positive in all aspects, I dreamed that breathe fresh air after choking dictatorship, but came up air corrupt, and touch in each hand Israel stage pass order each of these based on the state and that America is the strongest weapon for Israel to destroy Iraq and delivers to Mitmahon.
For his part, Ali Abdullah, an employee, said that Iraq has moved from hell to hell last, and said: I am against the regime of Saddam Hussein heart and mind. I can not bend it again I do not want the Baath Party to return to power, and on this occasion recalled the martyrs and the martyrs and bless them this end shameful for this criminal regime.
He added: but unfortunately that is what happened to change we did not is what we aspire to him, and we know the cause of it, and unfortunately busy politicians of corruption, theft and conflict and sectarian quotas until we've got the (base) and income (Daash) and became a situation so bad.

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Their nation in pieces, Iraqis ponder what comes next

An Iraqi Shiite man (C) uses his phone as he sits at an outdoor cafe in Sadr City in Baghdad. (File photo: Reuters)
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By Isabel Coles, Ahmed Rasheed and Ned Parker | Reuters, Iraq
Monday, 29 December 2014

The machine gun poking out from between a framed portrait of a Shiite imam and a stuffed toy Minnie Mouse was trained on anyone who approached the checkpoint.

Like dozens of other communities in Iraq, this small Sunni settlement in northern Salahuddin province’s Tuz Khurmatu district has been reduced to rubble. In October, Shiite militiamen and Kurdish Peshmerga captured the village from the militant group Islamic State of Iraq and Syria (ISIS). The victors then laid it to waste, looting anything of value and setting fire to much of the rest. Residents have still not been allowed to return.

“Our people are burning them,” said one of the Shiite militiamen when asked about the smoke drifting up from still smoldering houses. Asked why, he shrugged as if the answer was self evident.

The Shiite and Kurdish paramilitary groups now patrol the scorched landscape, eager to claim the most strategic areas or the few houses that are still intact. For now, the two forces are convenient but uncomfortable allies against the nihilist ISIS.

This is how the new Iraq is being forged: block by block, house by house, village by village, mostly out of sight and control of officials in Baghdad.

What is emerging is a different country to the one that existed before June. That month, Iraq’s military and national police, rotten with corruption and sectarian politics, collapsed after ISIS forces attacked Mosul. The militant group’s victory in the largest city in the north was one step on its remarkable dash across Iraq.

ISIS’s campaign slowed towards the end of the summer. But it has left the group in charge of roughly one-third of Iraq, including huge swathes of its western desert and parts of its war ravaged central belt. It also shattered the illusion of a unified and functioning state, triggering multiple sectarian fractures and pushing rival groups to protect their turf or be destroyed.

The far north is now effectively an independent Kurdish region that has expanded into oil-rich Kirkuk, long disputed between the Kurds and Iraqi Arabs. Other areas in the north have fallen to Shiite militias and Kurdish Peshmerga fighters, who claim land where they can.

In Baghdad’s rural outskirts and in the Diyala province to the east and north towards Samarra, militias, sometimes backed by Iraqi military, are seizing land and destroying houses in Sunni areas.

Last there is Baghdad and Iraq’s southern provinces, which are ostensibly still ruled by the country’s Shiite-led government. But the state is a shell of what it once was. As respect for the army and police has faded, Iraqis in the south have turned to the Shiite militia groups who responded to the rallying cry of Iraq’s most senior clergy to take on ISIS.

Prime Minister Haider al-Abadi, a Shiite moderate who became Iraq’s new leader in September, four months after national elections, hopes that the country can be stitched back together. Abadi has tried to engage the three main communities, taking a more conciliatory tone than that of his predecessor Nuri al-Maliki, who was often confrontational and divisive. Abadi, the Kurds and even some Sunni politicians now all speak of the need for federal regions, so the country’s communities can govern themselves and remain part of a unified state.

Iraq, though, has been splintered into more than just three parts, and the longer those fragments exist on their own the harder it will be to rebuild the country even as a loose federation. Such an arrangement would require the defeat of ISIS, a massive rebuilding program in the Sunni regions, unity among Iraq’s fractious political and tribal leaders, and an accommodation between the Kurds and Baghdad on the Kurds’ territorial gains.

Even the optimists recognize all that will be difficult. Finance Minister Hoshiyar Zebari, a Kurd who wants Iraq to stay united, says he can picture Iraq eventually regaining its “strength and balance.” But, he concedes, ”the country is severely fractured right now.”

Ali Allawi, a former minister of trade, defense and finance, and author of two books on Iraqi history, agrees. “There is so much up in the air,” he said. “There are the trappings of a functioning state, but it is like a functioning state lying on a sea of Jello...The ground is so unstable and shifting.”

Kurdistan

Iraq’s Kurds often see opportunity in times of trouble. This year they moved quickly to take lands long disputed with Arab Iraqis, including Kirkuk. For a while, talk of secession increased, but then quieted after ISIS mounted a successful attack into Kurdistan in August. Since then, buoyed by U.S. air strikes designed to hurt ISIS, the Kurds have recaptured areas they lost and forged an agreement to export oil from Kirkuk and its own fields for Baghdad.

Kurdish business tycoon Sirwan Barzani, a nephew of Iraqi Kurdish President Masoud Barzani, sees this as a moment to advance his people’s nationalist dream. He was in Paris chairing a board meeting of the telecom company he founded in 2000 when he received news that ISIS militants had overrun Mosul. A former Peshmerga fighter in the 1980s, he canceled his holiday plans in Marbella and rushed back to Kurdistan to help prepare for war, taking command of Peshmerga forces along a 130 kilometer stretch of the Kurds’ front line with ISIS.

Washington sees the Kurds as its most dependable ally in Iraq. For Barzani and other Kurds, though, the fight against ISIS is simply the continuation of a long struggle for an independent nation.

Before leading an offensive last month to drive ISIS militants back across the river Zab towards Mosul, Barzani said he met with an American general to talk strategy and coordinate airstrikes.

“They asked about my plan,” Barzani told Reuters in a military base on the frontline near Gwer, 48 kilometers south of the Iraqi Kurdish capital Erbil. “I said, ‘My plan is to change the Sykes-Picot agreement’“ – a reference to the 1916 agreement between France and Britain that marked out what would become the borders of today’s Middle East.

“Iraq is not real,” Barzani said. “It exists only on the map. The country is killing itself. The Shiites and Sunnis cannot live together. How can they expect us to live with them? Our culture is different. The mentality of Kurds is different.

“We want a divorce.”

The Sunnis

Where Kurds saw opportunity in 2014, Iraq’s Sunnis saw endless turmoil and new oppression. Residents in the western and northern cities of Mosul, Tikrit and Falluja – all now controlled by ISIS– complain about fuel and water shortages, and ISIS directives that women cover themselves and smokers be fined. They tell stories about the destruction wrought by shelling by the Iraqi government and U.S. forces.

In places where Sunnis themselves are battling ISIS, the brutality can be unrelenting. Many wonder what will be left when the war finishes and whether it will be possible for Sunnis to reconcile even among themselves.

Sheikh Ali Abed al-Fraih has spent months fighting ISIS. A tribal soldier in Anbar province, he has sunken, tired eyes and a frown. His clothes are one size too big for him. He sees the conflict as an internal battle among the Anbar tribes. Some have chosen to join ISIS, others to fight the group. Some of his enemies, he says, are from his own clan. The fight will not end even if areas around his town of Haditha and other Anbar cities are cleared, he says. All sides will want revenge. “Blood demands blood. Anbar will never stop.”

Fraih flew to Baghdad in late December to beg the government to send help to Haditha, which is pinned to the west and east by ISIS and defended by a five kilometer-long berm. Fraih could only reach Baghdad by military plane. The government had promised for two months to send food and medicine, but no help had come. The week before Christmas the government told him help would come in a week. Fraih tried be polite about the promise, but it’s hard.

“It’s all words,” he said.

Every day, tribal fighters and Iraqi soldiers in Haditha stop ISIS assaults and defend the city’s massive dam. If ISIS take the dam they could flood Anbar and choke off water supplies to the Shiite south. The army, in particular, is struggling, he said. “In every fight the army loses 50 soldiers. Their vehicles get destroyed, they are short on fuel, and no new vehicles are coming. They are hurting more than my own men.”

The city’s one lifeline to the outside world is a huge government airbase called Ain al-Assad, some 36 kilometer south. Fraih recently met U.S. Special Forces there. They assured him that if ISIS breaks through the barriers to Haditha, the U.S. will carry out air strikes. The logic confuses Fraih. “They know the people have no food, no weapons, no ammunition, nothing. We are sinking. If you are not going to help us, at least take us to the south and north. We are dying now.”

His faith in getting help from anyone has almost vanished.

“What is left of Iraq if it keeps moving this way?” he asked.

The Shiites

In a house on the outskirts of Baghdad, a Shiite tribal leader sat and imagined his world as ”a dark tunnel with no light” at its end.

“Iraq is not a country now,” he said. “It was before Mosul.”

The sheikh, who spoke on condition of anonymity, would like to see his country reunited but suspects Abadi is too weak to counter the many forces working against him. Now the Shiite militias and Iran, whom the sheikh fought in the 1980s, are his protectors. It is a situation he accepts with a grim inevitability.

“We are like a sinking ship. Whoever gives you a hand lifting you from the sea whether enemy or friend, you take it without seeing his face because he is there.”

Iranian-advised paramilitaries now visit his house regularly. He has come to enjoy the Iranian commander of a branch of the Khorasani Brigades, a group named for a region in northeastern Iran. The commander likes to joke, speaks good Arabic and has an easy way, while other fighters speak only Persian, the sheikh said. He expresses appreciation for their defense of his relatives in the Shiite town of Balad, which is under assault from ISIS.

The sheikh’s changing perceptions are shared by other Iraqi Shiites. They once viewed Iran as the enemy but now see their neighbor as Iraq’s one real friend. The streets of Baghdad and southern Iraq are decorated with images of Iran’s supreme leader Ayatollah Ali Khamenei.

The sheikh, though, does not believe he can rely on Iran altogether. He is sure some Iranian-backed militiamen would happily kill him. He has heard of one case in Diyala where a militia leader shot dead the son of a popular Shiite tribal leader. He has also watched as militia fighters aligned with police and army officers kidnapped a cousin and a friend for ransom. “I feel threatened by their bad elements,” he said of the militias.

If the state doesn’t rebuild its military quickly and replace the multiple groups now patrolling the lands, the sheikh fears Shiite parts of Iraq will descend further into lawlessness. “It will be chaos like the old times, where strong tribes take land from the weak tribe. Militias fight militias,” he said. “It will be the rule of the jungle, where the strong animal eats the weak.

Last Update: Monday, 29 December 2014 KSA 18:59 - GMT 15:59

http://english.alarabiya.net/en/perspective/analysis/2014/12/29/Their-nation-in-pieces-Iraqis-ponder-what-comes-next.html
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16/09/2013

Iraq gets approval to open the first branch of the Rasheed Bank with Europe


BAGHDAD / JD / .. Iraq announced for obtaining approval to open the first branch of the Rasheed Bank in Europe, while stressing that the approval came from the Central Bank of Romania. Said the Minister of Finance Agency Ali Shukri told / JD /: Got Iraq approval to open the first branch of Iraqis in Europe, stressing that this approval came by the Romanian National Bank to open a branch of the Rasheed Bank.
It is noted that the Rasheed Bank was founded in 1988 and became a public company under the Companies Law No. (22) for the year 1997
On 4/12/2001 became the capital of the bank two billion Iraqi dinars to support the national economy through the functions performed, such as commercial banking, investment of funds, the financing of various sectors in accordance with the development plans.
The bank (165) branches and offices, including (52) branches and (21) offices in Baghdad and (84) branches and (6) offices outside Baghdad, and the public administration of the bank includes within its formations (13) section, and (56) Division. / End / / 23

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812 trillion dinars revenues Five-Year Plan






17/09/2013 12:00 AM

Launched by the Ministry of Planning yesterday
Baghdad, Ahmed Abed Rabbo
The Ministry of Planning and Development Cooperation on Monday, the National Development Plan for the years (2013 2017), which is expected to reach total revenue of where to 812 trillion dinars, 768 trillion dinars, of which derived from oil. With concentrated investments in the plan on the industrial sector increased by 38 percent, The development of economic activities of non-oil where the annual growth rate of 7.5 percent, while maintaining inflation rates. Deputy Prime Minister for Energy Affairs Hussain al-Shahristani, said in his speech ceremony held by the ministry on the occasion of the launch of the plan and attended the (morning): The low profile government headed towards the plans of the periods long time to lay the foundations of development a real policy of the country, especially after the success of the oil licensing round in attracting major international oil companies to work in Iraq., adding that the plan focused on the field of Industry and Energy, which was his share of the distribution of investments 38.2 percent, while the buildings sector and services were accounted for 28.6 percent, and agriculture 13.4 percent, and education 10.3 percent, and 9.5 for transport and communications. For his part, Undersecretary of the Ministry of Planning and Development Cooperation Mehdi Keywords that «previous plan achieved successes acceptable and concrete in the exchange rate of the Iraqi dinar in the field of education and in the health field», adding that «the new plan will be complementary to the previous one and will reduce the gap between rural and urban areas and there will be the role of local governments in the implementation of the plan, as well as give the role of the private sector.

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UN Security Council unanimously decided to remove Iraq from Chapter VII

Thursday, June 27, 2013 20:07

Fireworks light up the skies of Baghdad after the Security Council vote to remove Iraq from Chapter VI

Fireworks light up the skies of Baghdad after the Security Council vote to remove Iraq from Chapter VII

Baghdad / Baghdadi news / .. Lighting fireworks, on Thursday evening, the skies of the capital Baghdad immediately after the announcement of the UN Security Council to remove Iraq from Chapter VII.

The reporter said / Baghdadi news / "The fireworks lighting the skies of Baghdad on Iraqi Wedding expressive lifting of international trusteeship," adding that "security forces are the other celebrated in her own way firing shots from different light and medium weapons."

He pointed out that "the streets of the capital Baghdad immediately saw a UN Security Council vote on Iraq out of Chapter VII of the celebrations by the citizens in all regions, expressing the joy of the decision and as reflected from the economic prosperity enjoyed by citizens after the sanctions affected more than twenty years."

Prime Minister Nuri al-Maliki has been considered on Iraq would emerge from the provisions of Chapter VII of the UN Charter days are entitled to all the celebration, stressing that he "knocked the last obstacle to practice outside of Iraq for his role as a full international civil society."

He said in a speech to the Iraqi people on the occasion of vote the UN Security Council on a resolution Akharajalarac of Chapter VII we "in this day that we get rid of a heavy load for more than twenty years confirms that Iraq has become free of the constraints that occurred where because of the follies of the former regime."

He continued that "on all of us have the right to celebrate after a long patience and suffering have emerged the sun to displace from the face of Iraqis tired of years of dust and shaking him bitter days and a spacious open in front of the hopes for a better tomorrow." Finished / 21

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Al-Tamimi: House approves most important Act since its inception

23/06/2013 20: 05
image

MP Mansour al-Tamimi told the News Agency (WAM) that occurred today is important in the history of the Iraqi Parliament since its inception and until today so he could produce more laws importance is invited to meet the needs of the provinces, where there was a complex relationship between them and the federal authority on many of the concepts have been clarified and the provinces to operate successfully, the Governors and the heads of the provincial councils elected to a large fine and encouraged them to work hard to serve the citizens of the previous obstacles have been removed and area To provide services to all segments of Iraqi society, adding that provinces become partners with federal authority where there is a large transfer of powers by the federal authority and we anticipate over the next three years, most of the powers of the Federal Authority transfer to local authority


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The New York Times: Maliki departure is alone capable of solving the problems of Iraq

05-05-2013 11:16 AM

Western News

The New York Times felt that the solution to Iraq's problems lies in the resignation of Maliki's responsibility. The newspaper said in analyzing her about what the situation in Iraq, that Iraq is going through a serious crisis and that the solution lies in that step down the prime minister and replaced by another figure elected by Parliament, there are other Shiite politicians who are able to lead a government of national unity.
 

If what has added to persuade al-Maliki to resign, it would give the moderates of the year symbolic victory and curb the influence of extremists in their community.
 

This in turn could show all Iraqis that change is possible through politics, not war. It can avoid the dissolution of parliament.
 

She noted that the decade after the fall of Saddam Hussein, the violence threatens to crush Iraq.
 

The regional cooperation with the United States on a new political deal with the disappearance of al-Maliki from the picture, will not be easy but it is essential to save Iraq.

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Iraqi Delegation Meets Arab Leaders

Posted on 28 March 2013.

Iraqi Delegation Meets Arab Leaders

By John Lee.

During its participation in the 24th Arab Summit held in Doha, the Iraqi delegation headed by His Excellency the Vice President Dr. Khudair al Khuzaie, with Foreign Minister Hoshyar Zebari and their accompanying delegation, met a number of Arab kings, presidents and leaders.

The delegation met Emir of Qatar Hamad bin Khalifa al-Thani, His Majesty King Abdullah Bin al Hussein of Jordan, the Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah and the Algerian Prime Minister Mr. Abdul Melik al Sallal, and discussed bilateral relations and ways to develop them for the interests of their countries.

At the request of the Turkish Foreign Minister Ahmed Davutoglu, the Iraqi delegation met him and both sides expressed willingness to resolve disagreements and to turn the pages of the past.

During the bilateral meetings , the delegation discussed issues of Iraq’s relations with the Arab countries, exchanging views on the 24th Arab Summit, the Doha Declaration, proposals and initiatives presented by a number of Arab countries to promote cooperation, Arab solidarity in addition to discussing ways of activating work mechanisms of the Arab League.

(Source: MoFA)

http://www.iraq-businessnews.com/2013/03/28/iraqi-delegation-meets-arab-leaders/



PM Changes Iraqi Political Format Forever

Posted on 29 March 2013.

PM Changes Iraqi Political Format Forever

By Mustafa Habib.

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

My way or the highway: PM changes iraqi political format forever

In passing the 2013 budget, Iraq’s PM switched from consensual, quota-based law making to his way: majority rule. The result: political tensions rising.

The Iraqi budget for 2013 was passed in parliament in Baghdad on March 7. And in itself, this is not unusual. But what is unprecedented is the way in which it was passed.

The budget was ratified by what one analyst called “a fleeting alignment of the main Shiite [Muslim] political blocs and defectors from the predominantly Sunni [Muslim] and secular Iraqiya list”. In other words, it was passed by a political majority rather than by political consensus, which is what Iraqi politicians have been using to get their laws onto the books since the 2003 US-led invasion of the country that ended Saddam Hussein’s regime.

It was “a wafer-thin majority”, US analyst Michael Knights, wrote for the Washington Institute, a think tank dedicated to improving the US’ foreign policy in the Middle East.

Such decision making – by majority, rather than consensus – is a major political transformation for Iraq. And it has opened the door to heated discussions on the possibility of this kind of decision making becoming more permanent.

In terms of the 2013 budget, a fairly large number of opposition MPs boycotted the parliamentary session. This included the Kurdish bloc with around 40 MPs and the opposition Iraqiya bloc with around 80 MPs. Despite their absence though, there were still 168 MPs present in the house which meant that the bill could be voted upon. In the end, Iraqi Prime Minister Nouri al-Maliki managed to convince all of them – including 159 Shiite Muslim politicians – to support his version of the 2013 budget and it was ratified.

Afterwards Kurdish politicians issued a statement criticizing the way the budget was approved. They were disadvantaged by the budget’s specifics but they did not focus on this. Their statement focused on the methods used to pass the budget. Using the principle of majority rather than consensus was a dangerous precedent they said.

The principle of consensus and the relatively even distribution of government positions among Iraq’s different religious and ethnic groups was something that was first introduced by US diplomat Paul Bremer, the Administrator of the Coalition Provisional Authority of Iraq following the 2003 invasion. He formed a council to govern the country temporarily and selected its 25 members according to a quota system. Based on the estimated population of various different groups in Iraq, the Council included 13 Shiite Muslims, five Sunni Muslims, five Kurds, one Assyrian Christian and one Turkmen. Any decision that the council made needed to be based on consensus, Bremer said.

The Council was eventually replaced by an interim government, which was also formed using the quota principles and which also came to decisions based upon consensus between the country’s different ethnic and religious groups.

However, ever since he came to power the current Prime Minister, Nouri al-Maliki, has been saying that rule by consensus should end and in fact, that it makes it almost impossible to get anything done in Iraq.

“The system of quotas that we’ve been using for the past eight years has proven its shortcomings,” Abbas al-Bayati, a Turkmen and a member of al-Maliki’s coalition, told NIQASH. “Giving out positions based on ethnicities or sects has made the Iraqi government very unproductive. This is because some components of the government are in the opposition and they’re not interested in reaching consensus. That’s just not acceptable,” he concluded.

And there are other reasons besides this recent success with passing the 2013 budget that might well encourage al-Maliki to carry on with this new majority-rule system.

Iraqi MPs are continuously boycotting parliamentary proceedings. For instance, the biggest opposition bloc, Iraqiya, have been boycotting parliament in solidarity with anti-government protestors recently; these are mainly Sunni Muslim protestors as is the Iraqiya bloc. Kurdish politicians are boycotting the government because of the budget decision. And Sadrist MPs, who are actually part of al-Maliki’s coalition, are boycotting the government because they don’t like the way al-Maliki runs things.

“Boycotting proceedings is an old method of protesting but it’s useless,” al-Bayati noted. “It keeps on being used but the government must continue its work. So the ministers that boycott will be replaced and the new ones will come from among al-Maliki’s supporters.”

Meanwhile those politicians who fear the idea of majority rule, have also been busy explaining why consensus is still the best method for Iraq for the time being. There is a lack of trust in government and there is a lot of missing legislation as well as a lack of civil peace. That’s why it’s still important that all sectors of Iraqi society be represented in politics – then they won’t feel marginalized and they will be reassured that a new dictatorship cannot emerge. When those various sectors do start to feel left out of the political process, the results have been violence and tension, they say.

“A decade has passed since the end of the old regime [headed by Saddam Hussein] but we’re still living in a transitional phase,” Khalid al-Alwani, a Sunni Muslim and MP for the opposition Iraqiya bloc, told NIQASH. “In order to form a majority government, we first need political stability and security. Also, all the required, basic legislation needs to be in place. The Constitution is not complete and there’s no agreement around various issues of social justice and the rights of minorities, the relationship between the various regions, the powers of various executive branches of government and even foreign relations. All these things are still needed. Which is why we are not yet ready to form a majority government.”

“In addition to politics, the security situation is also extremely unstable,” added Kurdish MP, Shwan Mohammed Taha. “Iraq is still at war with extremist groups like al-Qaeda and those groups have proven their ability to survive and to attack, just as they did a few days ago when they mounted an assault on the Justice Ministry.”

That is why Iraq still needs to work out its political affairs using the consensus method, he argues. “The various sectors in the country are still afraid they are going to be marginalized,” Taha said. “And al-Maliki is doing this because he wants to govern the country all by himself. Which means he’s replicating the former dictatorship Iraq suffered under.”

http://www.iraq-businessnews.com/2013/03/29/pm-changes-iraqi-political-format-forever/



Economist: House of Representatives is responsible for the decline of the Iraqi national economy

Posted: November 23, 2012 

Download an economist Jalil al-Rubaie, the House of Representatives responsible for decline in the growth of the national economy as a result of the lack of important laws and legislation that will support the economy and its development.

Rubaie said on Thursday: There is a huge amount of economic laws is disabled in the House of Representatives did not see the light of day until now as a tariff law and the protection of the domestic product, consumer protection and other laws that support the local product and the development of the national economy.

He added: that the Iraqi Council of Representatives shall bear the greatest responsibility in the failure of the national economy for the economies of the world and declining growth due to preference for personal gain and partisan interests at the expense of the economy, which made him a Manmda cash on oil revenue omnidirectional (95%).

He had announced to economic and investment commission parliamentary that the coming stage will witness a package of legislation important economic laws to promote the industrial sector and public sectors in Iraq

http://bit.ly/Sfl2YA


Al-Maliki: who wants Disclaimer of liability it retire from political life

Editor: SS
Saturday 17 v 2 2012 07: 56 GMT
Al-Maliki giving his speech at the opening ceremony of the second gas power station Hilla
Alsumaria news/Baghdad
Prime Minister Nuri al-Maliki Saturday, it wants Disclaimer of liability to quit political life, and called for cooperation and a sense of responsibility and solidarity.

Prime Minister Nuri al-Maliki, in a speech today at the opening ceremony of the second gas power station Hilla, and attended by the Sumerian "news", that "nation-building is not what everyone does not work, the Government and the Parliament, politicians, civil society organizations, in a spirit of solidarity, integrity and honesty".

Al-Maliki said that "he wants to get rid of the consequences of responsibility it retire from politics and go where he wants," he said, adding that "any party or entity could not run the country alone", calling on all to "work from the honesty and sincerity in action, not from throwing responsibility on others".

Al-Maliki said that "all those responsible are made both in capacity and efficiency, honesty and integrity so that the darkest one".

Al-Maliki was stressed, in (October 1, 2012), that make an effort in order not to repeat the experience of the Government of national partnership, saying they are trying to block the action.

Iraq has witnessed a political crisis since April last month, claims of no-confidence in the Government of President Nouri al-Maliki by the Kurdistan Alliance and the Iraqi list and the Sadr movement, but this crisis started with the solution after the National Alliance announced the formation of a reform Committee

Joint Committee reached advanced stages over oil and gas law (HCL)

BAGHDAD -

14/11/2012 02:58

Committee announced that oil and energy parliamentary Joint Committee reached between Baghdad and Erbil to advanced stages to complete the drafting of a joint oil and gas law ..

Committee member Furat al-Shara told Brief center for the Iraqi Media Network pointed out that the Committee supports any approach to accelerate the adoption of this law, problem solving contentious thereon are not affect any of the parties.

He added that there are no legal or constitutional problem in the use of international Bmhaorén to provide advice in the drafting of the bill.

This was the Oil Ministry has confirmed the need for the draft law to international Mhaorén

http://bit.ly/So6nHb


Iraq and its positive role

Sunday, October 14, 2012 06:16 Arabism Jamil Mohammed

Arabism Jamil Mohammed

Last week saw an important and positive events at the level of Foreign Relations of Iraq on the one hand and the development of Iraq's oil industry on the other hand, and the link between them confirms Iraq moves forward to take its place, which he left in the past decades due to the reckless policies of the dictatorial regime.
When we look to visit Mr. Prime Minister of Russia, which would improve the relations between the two countries to a very high level, particularly since files that dealt with Mr. Prime Minister big and important the most important energy profile and arming the Iraqi army and Russia's role in the reconstruction of Iraq, especially if Russian companies are known and have considerable experience in this field, and to discuss the Syrian file with great realism away from the desires of some unruly towards military escalation and resort to threats to the language of dialogue required.
The visit left echoes wide most important resonances positive to the Iraqi people who found them giving him confidence that government guidelines correct by seeking to diversify its sources of arms for the Iraqi army, as well as openness to the major powers, particularly since Iraq has strategic partnership with America, and signed a cooperation agreement with the European Union, The excellent relations with South Korea, Japan, China, today in Russia, and this means that Iraq now and in the near future partner to the world Bashrgah and west which promotes the role of Iraq is not only in the region but in the world, especially in light Iraqi attitudes balanced regional issues.
The second event, which can not pass it without express Gbttna this development and is the first report of power in Iraq, which was prepared by the International Energy Agency (IEA), which refers to the progress of the energy sector in Iraq, making it the largest shareholder global growth oil supply over the decades the next, especially in the light of indications say that the current production of 3 million barrels a day, will increase to more than double by the year 2020, and this demonstrates what we have referred to global stature Iraq.
That is why countries like Iraq and this economic possibilities and the genuine aspirations to build a state, we find that the policy of the government, led by Prime Minister, seeking to open up to the world but stresses Iraq's desire to be an important element and positive role in the region as long as it has the elements of this role through its oil resources and its role in global markets, and also represents the Iraq market for global companies in the fields of energy, infrastructure and this is what will turn Iraq in the near future to international workshop attracts different companies in several areas.
Especially since the report of the International Energy Agency stressed the importance of the oil sector and that the key to the country's prosperity in the future, and this is what the government seeks to reach it, especially since this year's budget was more than $ 100 billion and next year will exceed this figure in light of increases realized from Iraqi oil exports.
We have to emphasize here that the report provided a positive image for the future of Iraq by arguing the growing importance of Iraq's energy sector for the world, and highlighted the role of President, who is expected to play the Iraqi oil sector to meet the growing needs of energy in the world, and show that Iraq will become a source strategically to supply oil World.
For this when we link between seeing the world to Iraq and between the aspirations of the Iraqi government to build a strong partnership with all countries of the world, particularly the industrial ones I just this enhances the chances of Iraq in progress, construction and growth and strengthening the Iraqi economy and the welfare of society, who have suffered greatly in the past decades


Programs / File Iraq

Freedom of movement of funds to and from Iraq and its impact on the economy

Device for ATM at a bank in Baghdad

23/08/2012

Many things have changed since 2003, especially in the field of economy, where taking this sector enjoys the freedoms never known before and includes the freedom to import and export to Iraq markets have become replete with all kinds of consumer goods from various origins and sources.

Of course you need import and export operations to provide sufficient capital for the purchase of goods and make sufficient profits and recycling of these profits to buy other items and continue the process is continuous and ongoing.

Deputy Governor of the Central Bank of the appearance of Mohammed Saleh noted that Iraq's economy was tied very before the change in 2003 so that no citizen can move money to and from abroad easily only if the ruling class which is the opposite of what happened after 2003, when the economy experienced a liberal and broad become more like the situation uncontrollable , according to officials, including freedom of foreign exchange and the freedom to move and transfer funds and freedom of export and import freedom and the freedom to accept transfers in and out of the country and the investment returns to what is.

This is known to Iraq is a country sells oil and reap returns and all depends economy this wealth and funds that produce but was not able to put real policy so far to eliminate unemployment as noted economics professor Abdel Rahman al-Mashhadani said in an interview with Radio Free Iraq.

He attributed the failure to eliminate unemployment to investment impairment caused by not hiring the funds available in public utility projects and generating jobs and income.

Official in the CBI said that money, if not employ it is supposed to remain under savings which benefit the economy in the end is that what is happening in Iraq is that the funds remain suspended outside the country and may be used to invest in other countries and are therefore not used in investment projects in Iraq and does not serve to move the economy except in the provision of goods and commodities to the consumer market in the country.

The Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh to a lack of clarity in a number of laws and regulations governing the relationship of the individual and the money the state and the institutions so that mixed everything is piggledy, as saying then suggested a number of solutions that are explained in his interview with Radio Free Iraq.

Recalled that under the law issued on the sixth of March 2004 is the Iraqi Central Bank bank independent Iraqi and is responsible for maintaining price stability and monetary policy implementation and management of foreign reserves and the issuance of currency management and regulation of the banking sector to promote financial system competitive and stable.

The Central Bank also organized sales to the U.S. currency which confirms that these operations tool of monetary policy tools aimed to withdraw liquidity from the market as is the case of the majority of world's central banks, although the majority of markets where price official price parallel though the bank is working to reduce the difference between the official price parallel and price through the inspection teams of the banks to comply with the instructions of the bank may be exposed to penalties take the right note that this bank sold dollars for all government and private banks and branches of foreign banks, not only for civil banks.

Contributed in Radio Free Iraq correspondent in Baghdad, Mohamed Karim

Iraq’s Oil Exports And Profits Bounce Back From Two-Month Decline In July 2012

08/08/2012 20:05

 

Iraq’s oil output has always gone up and down, and this summer has been no different. In July 2012, the country hit a new post-2003 high in exports, while prices and profits rebounded as well. Both had been declining in recent months after seeing a steady increase in the beginning of the year. Iraq is finally benefitting from the work of foreign oil companies, and new infrastructure starting operation, but there are still major bottlenecks and an aging field hindering output.

July 2012 saw a decided increase in Iraq’s exports. For the month, the country averaged 2.516 million barrels a day in exports, up from 2.403 million barrels in June. That was the highest amount since the 2003 invasion. The fields in southern Iraq were the cause for the uptick. They averaged 2.216 million barrels through the Basra port, a 131,000 barrel increase from the previous month. This was despite the government planning on reducing the flow of oil through the southern line. Bad weather also slowed tankers docking in Basra at the beginning of July, but it didn’t seem to have an impact by the end of the month. Production at the southern fields has ramped up after two new mooring points opened at the southern port, and a new onshore pipeline from the Zubair field to al-Faw opened, helping with some bottlenecks. In comparison, the northern line to Turkey only exported an average of 300,000 barrels a day. That was the fourth straight drop since March. Last month witnessed a bombing of the pipeline in Turkey, allegedly by the Kurdistan Workers’ Party (PKK) that took three days to repair accounting for some of the decline. More importantly, the Kurds ended their exports through the pipeline on April 1 over a payment dispute with Baghdad, and the Kirkuk oil field has been declining in production. The Oil Ministry has been negotiating with British Petroleum over renovating Kirkuk, but those talks have been delayed due to disputes between Baghdad and Kurdistan over who has control of the field. Overall, the increase in exports meant that Iraq became OPEC’s second largest producer, surpassing Iran, which is facing international sanctions. Iraq has always witnessed these ebbs and flows. The country suffers from a number of weather, infrastructure, and terrorist related problems that constantly affect production and exports. The two new mooring points in Basra for example, can’t operate simultaneously because of pumping and pipeline issues, which reduces their capacity of 1.8 million barrels a day to half that. That means despite huge increases in production in the south, Iraq is not always able to take advantage of it. July marked a high point for the post-Saddam era, but that doesn’t mean that it can be maintained.

 

Iraq Oil Exports And Profits 2011-2012

Month

Avg.

Exports

(Mil/

Bar/

Day)

Avg. Price Per Barrel

Revenue (Mil)

Jan. 11

2.16

$90.78

$6.082

Feb.

2.20

$98.44

$6.064

Mar.

2.15

$107.13

$7.167

Apr.

2.14

$114.26

$7.342

May

2.22

$108

$7.45

Jun.

2.27

$105.17

$7.173

Jul.

2.16

$108.79

$7.3

Aug.

2.18

$104.91

$7.124

Sep.

2.10

$104.89

$6.619

Oct.

2.08

$104.91

$6.742

Nov.

2.13

$106.59

$6.833

Dec.

2.14

$106.18

$7.061

2011 Avg.

2.16

$105.00

$6.913

Jan. 12

2.10

$109.08

$7.123

Feb.

2.01

$112.93

$6.595

Mar.

2.31

$117.99

$8.475

Apr.

2.50

$116.80

$8.8

May

2.45

$103.04

$7.831

Jun.

2.40

$90.09

$6.486

Jul.

2.51

$96.50

$7.5

 

Oil Exports Through Basra 2012

January 1.711 mil/bar/day

February 1.639 mil/bar/day

March 1.917 mil/bar/day

April 2.115 mil/bar/day

May 2.086 mil/bar/day

June 2.085 mil/bar/day

July 2.216 mil/bar/day

 

Oil Exports Through Kirkuk 2012

January 395,000 bar/day

February 375,000 bar/day

March 400,000 bar/day

April 393,000 bar/day

May 366,000 bar/day

June 318,000 bar/day

July 294,000 bar/day

 

Prices for Iraqi crude recovered in July. The price for a barrel of Iraqi oil went up to $96.50 last month, up from June’s $90.09, which was the lowest since January 2011. That helped the country earn around $7.5 billion. That was another increase as profits had been declining for the previous two months. The problem is that Iraq, Kuwait, and Libya have all increased their output this summer, flooding international markets. That means that Baghdad’s plan to become one of the largest oil producers in the world is in a collision course with the current state of the world economy. If it was to achieve its goal it would likely lead to an even larger drop in prices. Iraq’s government is notoriously bad at planning, so it’s unlikely that it will change direction, and continue with its program despite its possible negative affects.

 

Iraq’s oil industry can expect to see continued growth, but its exports will go through fits and spurts. The Oil Ministry is supposed to be addressing more of the bottleneck problems, but those solutions will probably take a while to come on line. The Kurdish Regional Government (KRG) has also recently restarted exports. It’s four month stoppage has achieved little, and it is under pressure from the oil companies operating there to come to a long-term agreement with the central government to allow for foreign sales, so that they can be paid. At the same time, the war of words between Baghdad and Irbil over oil policy has only increased. The Kurds want to follow their own independent plans, while the central government demands control over all natural resources. Despite this dispute, the Oil Ministry has never objected to Kurdistan exporting as long as the terms are worked out between the two sides. That means Iraq could see another boost in the coming days.

*With an MA in International Relations, Joel Wing has been researching and writing about Iraq since 2002. His acclaimed blog, Musings on Iraq, is currently listed by the New York Times and the World Politics Review. In addition, Mr. Wing’s work has been cited by the Center for Strategic and International Studies, the Guardian and the Washington Independent.

RY/AKnews



North Bank Numbers give Hope to Iraqi Economy

Posted on 09 August 2012.

The process of capital formation is underway in Iraq, and that is good news for the grass roots economy. At least that’s what stock market-listed

North Bank’s latest earnings results indicate. Iraq’s gross domestic product has been growing at a rapid pace, but that’s mostly due to rising oil production

and robust oil prices. The big question is: will oil proceeds help the rest of the economy take off? In an important development, it appears that people are

now confident enough to take their money out from under mattresses and put them in banks. North Bank’s deposits grew a whopping 45 percent in the

first half of 2012 to reach ID917 billion, attracting customers with a deposit rate of 7 percent.

This encouraged the bank to increase loans by 27 percent in the first six months of this year. Historically, about 80 percent of the new loans went to

companies, with the remainder went to personal and car loans. With the increase in deposits and reserves, cash also increased to ID612 billion from

ID434 billion at the end of 2011, which gives the bank much room to lend more, and start investing in bigger projects.

This is a big deal. Small companies across Iraq are crying out for capital, and if they receive it, growth can be rapid. The country currently produces

very little itself, so a raft of light manufacturing and basic services companies could easily spring up and become national champions.

But for now, borrowing is still very difficult. Even North Bank, which is more progressive than many Iraqi banks, is loath to lend for as long as even one

year as risk assessment capabilities are underdeveloped.

Although its lending rate may be lower than competitors, comparing North Bank’s 5 percent margins with regional margins of about 4 percent shows that

while it is not a long way off the average, it is getting there faster than other Iraqi banks – some of which have 7-8 percent margins or higher.

The hope is that North Bank will move further down the road of lower margins and higher business volumes, and take the rest of the banking sector with it.

Sherif Salem is portfolio manager at Abu Dhabi-based asset manager Invest AD. He manages the Invest AD Iraq Opportunity Fund,

as well as helping to manage other equities funds investing in the Middle East and Africa.

















Editorial: Iraq will be the most developed countries in the global oil economy

Posted 26/07/2012 10:35 AM

Babinaoz (Reuters) – said Academy specializes affairs of the oil that opening up the technological world is witnessing led to be the economics of oil and gas, the cornerstone of the growth processes of producing countries, stressing that this concept is to make the oil markets, the upper hand in the organization of economic policy for the various joints, advanced industrial countries, and with He sees that the current through which Iraq required more strategic planning, stressed the need to find a tool or a driving force for the advancement of economic destruction, saying that oil is the most prominent of those tools and the driving means toward economic transformation towards achieving progress in sustainable development rates in the country.

The head of the IT department of oil in the University of Technology, Dr. Khaled Al Ajami al-Rubaie during his speech for the (morning): You need the economic boom in the various industrial sectors to finance financial in order to create the infrastructure, where the oil stream President for the construction of many of the vital sectors, so the driving force to achieve those gains are oil class basis, which is the most prominent factors to encourage and move the process of investment in various sectors of business and services and thus achieve an economic renaissance comprehensive in all areas of production. He said al-Rubaie said the world and the Next Fifty Years will not be able to dispense with the oil and gas as the main reservoirs of energy, He noted that the ratio of these two elements in various areas of the world amounted to more than 63 percent of all the key elements of energy, this means that the oil can not be replaced by any element of another during the time periods ahead, which calls for the exploitation of those for the rehabilitation of all industrial facilities, commercial and agricultural and tourist revenues that come to the country for the sale of petroleum in the world.

Iraq relies by more than in some cases, the proportion of 90 percent on oil imports in the previous Moisnath coverage, and to establish strategic projects task, and to cover operational expenses of the general government sector.

And warns the concerned of the dangers of this matter on the economic reality in general, and stress from time to time the need to find outlets other investment of non-oil, and increase production rates, and reduce the imports of industrial lead to the migration of big money abroad, stressing at the same time the importance of rehabilitation of public industrial, agricultural, and to the extent that they can Aanaachehema of production and competition and thereby enhancing the financial resources of the country and reduce the near total dependence on oil.
According to al-Rubaie that despite the great interest which the world is witnessing the subject of alternative and renewable energy, but it can not compensate for the demand for oil and gas in the global markets in the coming years, likely to increase rates of demand gradually over the next few years until you reach the highest ratios in 2020, warned at the At the same time the possibility of being affected by oil prices, many of the factors that lead the result to lower prices in world markets, especially the wars and the political situation volatile faced by countries of the year and in particular OPEC (oil producing countries), as well as pressure on those countries which usually hinder the plans and the specific production ceilings and built on a broad base of considerations.

However, al-Rubaie said that among the factors affecting the price of world oil is the financial and economic crises experienced by the world, as happened in 2009, and price fluctuations in the seasons of summer and winter, and increase the number of factories, the giant in the developed countries, as well as environmental factors and natural disasters that control is other world oil prices.
Is based on spring to a number of studies and research in his assertion that Iraq will stand at the forefront of countries with economies in an oil firm in the coming years, so having many of the qualifications the task that stands in the forefront of oil reserves and high potential physical, human and openness to the world, pointing out that all those combined features will play a vital role in Iraq to stop at the forefront of countries that have oil sobering economy in the region.

Explains Rubaie said oil licensing rounds, the four witnessed by the Iraqi oil sector is a sign of progress confident towards creating economy oil is strong, and the formation of science policy tries to Iraq crystallized in its strategy in the medium and long term, stressing that these tours will be reflected positively on the economic reality in its entirety for all provinces Iraq, praising the timeshare itself, including its oil ministry’s efforts said it was excellent in increasing the volume of oil investments, calling on them not to stop at a certain level to raise production but also to contribute in bringing about economic integration in the areas of refining and the provision of derivatives and exported in the construction of petrochemical industry that require more effort and hard work.

http://bit.ly/OcWoXs



UN working with the Iraqi government to support the new National Development Plan

Posted: May 7, 2012

MONDAY, 07 MAY / MAY 2012 12:18

United Nations announced on Monday, working in cooperation with the Iraqi ministries spearheaded planning for the development of the new national development plan in Iraq.

The Iraqi government has allocated $ 186 billion five-year plan for the implementation of which $ 100 billion of public budgets of the country and the remaining $ 86 billion of investment projects of local and foreign.

According to the CBI that five-year plan adopted by the Iraqi government dominated by theoretical and shall address the impediments to its implementation as soon as possible for the advancement of economic development in the country.

He said UNDP Administrator of the United Nations in Iraq, Peter Batchelor’s ” Twilight News “that” the United Nations is working in cooperation with the Ministry of Planning and other ministries to develop a new national development plan in Iraq. “

“There is a reformulation of the national five-year plan prepared by the Iraqi government in 2010 for lack of statistics and numbers to the database.”

The Ministry of Federal Planning announced earlier that the five-year plan will start from 2013 to 2017 because of political differences and security situation.

Batchelor said he was “building on the lessons of the five-year plan and we as the United Nations are supporting the Government to implement the plan there are mistakes that we brought from the first plan and we will learn not to repeat these mistakes.”

The Iraqi authorities must first make a census before the implementation of five-year plan of development.

The dispute centered on the census on the basis of Kirkuk province, its components multiple of Turkmen, Arabs and Kurds and the province of Nineveh, multi-component as well.

The last census was conducted in Iraq in 1987, followed by the last census in 1997 but did not include the three governorates of the Kurdistan Region.

He Batchelor that “the situation in Iraq is getting worse, but the distribution (percentages) of poverty is important between the various provinces, as the United Nations and we have good information on all the provinces and the distribution of poverty.”

The Ministry of Planning in the past that the Iraqi province of Muthanna, the most in the poorest provinces of Diwaniyah, followed by Salah al-Din, Dhi Qar, respectively.

According to the Ministry of Planning, the alleviation of poverty need $ 30 billion in the budget of 2012, as recommended by the Central Bank.

And announced that the United Nations Mission in Iraq in the poverty rate in Iraq up to 23% confirmed they are working on creating job opportunities for young people in the oil and gas sectors and capacity building of government institutions to benefit from the experience.

Batchelor said, “We as the United Nations with the assistance of the Ministry of Planning, we surveyed included 30 thousand homes and therefore we plan to alleviate poverty, but with the census is very important, and we got the information on the geographical distribution of poverty.”

Since 2003, the census was postponed from 2007 to 2009 and then to 24 October 2010 and finally to the fifth of December, before the recent Cabinet decision to delay it indefinitely.

Batchelor concluded his speech by saying “we can work at the district levels and to enable communities to develop plans in their provinces to alleviate poverty.”

http://bit.ly/J8nzkS




My interpretation in blue...

Iraq List: Arbil, the implementation of the key demand and Maliki’s government, backed by external forces

Posted: May 6, 2012 

Erbil, May 5 / May (Rn) – The Iraqi List, the parliamentary faction of former Prime Minister Iyad Allawi said on Saturday that the existing basic requirement is to return to the terms of the Erbil and applied without selective.

**The Iraqi List, the parliamentary faction of former Prime Minister Iyad Allawi said on Saturday that they need to return to the existing basic terms of Erbil and apply them without being selective.

The MP said the existing Hamza Alkrtani in a statement that “the demand base for the Iraqi list is to return to the terms of Erbil, which painted the size of the consensus and the policy of balance in government positions,” pointing at the same time that “the lack of implementation of the Convention by the prime minister helped to fuel the tension Relations between the political blocs. “

**The MP said the existing Hamza Alkrtani in a statement that “the demand base for the Iraqi list is to return to the terms of Erbil, in which he painted the size of the consensus and the policy of balance in government positions as huge,” while at the same time pointing to “the lack of implementation of the Convention by the prime minister" which helped to fuel the tense relations between the political blocs.

He added that “resorting to the table of reasoned debate is the best way to reassure the Iraqi street,” ruling that “there is agreement on the withdrawal of confidence from the government of Prime Minister Nuri al-Maliki, backed by the political forces that multiple”.

**He added that “resorting to the consensus of reasoned debate is the best way to reassure the people on the Iraqi street,” and pointed out the ruling that “there is agreement on the withdrawal of confidence from the government of Prime Minister Nuri al-Maliki,that is backed by multiple political forces.”

And was a member of the parliamentary block free of the Sadrist movement Ali Mohsen al-Tamimi had said in a statement today, the bloc’s insistence on implementing the recommendations of the meeting of Irbil Five and adopted a course of action out of the current crisis in the country.

**And there was a member of the parliamentary block of the Sadrist movement Ali Mohsen al-Tamimi who had said in a statement today, the bloc’s insistence was on implementing the five recommendations of the meeting of Erbil and adopting a course of action out of the current crisis in the country.

Alkrtani and that “there is support for the Maliki government and the forces of foreign countries,” adding that “put no confidence in him is the glory of the moment when the people who aspire to reform and the provision of services away from sectarian and partisan interest,” the statement said.

**Alkrtani agreed that “there is support for the Maliki government from the forces of foreign countries,” adding that the statement said “putting a no confidence vote in him is the glory of the moment from the people who aspire to reform and remove the provisions of service away from the sectarian and partisan interest.”

Five Iraqi leaders they are, President Jalal Talabani and Kurdistan leader Massoud Barzani, the leader of the Sadrist movement, Muqtada al-Sadr and the existing Iraqi President Iyad Allawi and President of the House of Representatives Osama Najafi, held last week’s meeting in Arbil, resulted in the agreement on a set of decisions by nine points, delivered the day before yesterday to the head of the National Alliance, Ibrahim al-Jaafari.

**The five Iraqi leaders are, President Jalal Talabani and Kurdistan leader Massoud Barzani, the leader of the Sadrist movement, Muqtada al-Sadr and the existing Iraqi President Iyad Allawi and the President of the House of Representatives Osama Najafi, who held last week’s meeting in Arbil, which resulted in the agreement on a set of decisions with nine points, and was delivered the day before yesterday to the head of the National Alliance, Ibrahim al-Jaafari.

The country has seen in months, an unprecedented political crisis on the back of the Iraqi judiciary issued an arrest warrant for Vice President Tariq al-Hashimi, who fled the Kurdistan Region, which also led to tension in the relations between the federal government and the region.

**The country has seen in the last few months, an unprecedented political crisis and on the back of the Iraqi judiciary there was issued an arrest warrant for Vice President Tariq al-Hashimi, who fled to the Kurdistan Region, which also led to tension in the relations between the federal government and the region.

http://bit.ly/IQou2X


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14 Feb 2012

 

Iraq aims to more than double northern oil outputAFP

KIRKUK, Feb 14, 2012 (AFP) - Iraq aims to more than double northern oil production from around 600,000 barrels per day (bpd) to about 1.3 million bpd by the end of 2014, executives from the Northern Oil Co told AFP.

"We adopted a plan to increase the production" and export of oil, said Hamid Abdelrizak al-Saadi, the company's general manager.

An executive in the company's planning and investment department said on condition of anonymity that "the plan is to increase production to more than one million barrels per day by the end of 2014" from about 600,000 bpd now.

Saadi gave figures for planned increases for various fields that would bring the total to about 1.3 million bpd.

Saadi said the plan for the company, which is in charge of oil and gas fields in Kirkuk, Anbar, Salaheddin and Nineveh provinces, includes increasing production from the Kirkuk field from 280,000 bpd to 600,000 bpd.

The plan also includes developing the Bai Hassan field, also in Kirkuk, to increase production from 195,000 bpd to 250,000 bpd.

And the company aims to boost output from the Jambur field in northern Kirkuk from 36,000 bpd to 80,000 and the Ajeel field in Salaheddin province from 25,000 bpd to 35,000 bpd.

It will also develop the Hamrin field in Salaheddin to increase production from between 20,000 and 25,000 bpd to 60,000 by the beginning of 2013.

And there is a project for Angolan company Sonangol to develop the two fields of Qayara and Najmah in Nineveh province, south of Mosul, so they produce 230,000 bpd in the next three years, he added.

Saadi also said a study had carried out a study on building new pipelines to the border with Syria and repairing or replacing old pipelines.

Oil sales account for the vast majority of Iraqi government income and around two thirds of gross domestic product. Iraq currently produces about 2.9 million bpd. It exported an average of 2.1 million bpd in 2011.

Oil Minister Abdelkarim al-Luaybi has said Iraq plans on increasing production and exports this year to 3.4 million bpd and 2.6 million bpd, respectively.

On Sunday, Iraq began pumping oil to the first of five floating terminals in the Gulf in a move that will increase its export capacity by 850,000 barrels per day.


Iraq progressing slowly towards electronic financial transactions

Posted: February 1, 2012 

Baghdad, February 1 (Rn) – The Iraqi Ministry of Finance said on Wednesday that the country has not achieved significant progress in moving towards electronic financial transactions relied upon to facilitate financial transactions.

Iraq and enact laws to attract capital and investors to enter the country to contribute to government efforts in rebuilding the country after decades of war and siege.

But the security tensions, corruption and red tape hamper those efforts.

The Director of the electronic systems in the Ministry of Finance Najwa Said told the Kurdish news agency (Rn) that “in 2011 has seen clear progress in financial transactions and electronic,” noting that “the proportion of electronic financial transactions of 65%, which is good.”

She added that “the Ministry of Finance introduced in 2005 the Department of Electronic Systems to expand the electronic exchange and at different levels to the development of Iraq and delivery to the trade-mail.”

She Said, saying that “the work of the Department of Electronic Systems is provided on an ongoing basis that they require additional efforts in the coming period to develop a culture of financial transactions and electronic government in the institutions of government departments.”

She described the organization in Iraq, global banks, which issued its report in July last June, the country “backward” in the electronic financial transactions of cash.

And The Ministry of Finance of Iraq to develop an integrated plan for the development of e-government banks and financial relations in the activation of this aspect.

http://bit.ly/w4O9F0


Allawi reveals its demand to meet with Talabani to mediate Maliki confirms that the province of the Iraqi parliament has achieved its objectives

Posted: January 30, 2012 

Monday,  2 January 2012

Revealed the existing Iraqi President Iyad Allawi for his claim of President Jalal Talabani to mediate a meeting with Prime Minister Nuri al-Maliki to discuss the current political crisis in the country.

Allawi said in an interview “I have asked Talabani to mediate in my meeting with Maliki and required him to get the meeting at the headquarters of the Presidency as the situation of the Iraqi people’s future and stability is the most important things, but we have not heard the answer yet.”

He said, “There are great difficulties in working with al-Maliki and the last part of the National Alliance for this we are ready for a partnership if there are elements to do so, and therefore we have to face this matter and to achieve this partnership.”

On the news of the existence of international pressure behind the reverse of the Iraqi List for its boycott of parliament sessions Allawi answered that “to talk about was his coalition to international pressure to return to Parliament is an attempt to throw dust in the eyes and evidence that some of the haters are still trying to get out things their way,” stressing “The coalition in Iraq has already achieved its objectives to suspend the meetings of Parliament.”

The Iraqi List, decided at a meeting on Sunday, returning to the meetings of the House of Representatives and an end to boycott him, and wait in the presence of Minister for the Cabinet meetings.

And witnessing the political process and the relationship between the blocks strained clear because of the continuing political differences between the coalition of state law and the Iraqi List, especially with regard to the issue of issuing the arrest warrant against Deputy President of the Republic required to eliminate Tariq al-Hashemi, and asked the Prime Minister to withdraw confidence from his deputy, Saleh al-Mutlaq, in addition to charges of Iraqi law of the state shirking on the implementation of the initiative of Erbil, which include achieving partnership in the state administration and decision-making and naming security minister and the formation of strategic policies and the lack of balance in the institutions of the state between the components of people, depending on the views of Congress and the Iraqi List.

http://bit.ly/yfCQfB


Iraqi List MP calls for international community to remove Iraq from Chapter VII

Posted: December 10, 2011 

Saturday 10 December 2011
Calls for a representative of the international community to remove Iraq from Chapter VII

Called the Iraqi List MP Hussein al-Shaalan said Saturday the international community to help Iraq out of Chapter VII.

In a statement to al-Shaalan told the public (and babysit) considered the continuation of Iraq under Chapter VII, “the terrible punishments that do not have to get rid of them.” Shaalan counting a Chapter VII the most important disadvantages that are harmful to the interests of the Iraqi people.

For its part, accused the Iraqi List MP for the American League Atab destruction of infrastructure in Iraq and breaking all the promises that they declared before the occupation, “urging them to adhere to the most important, he promised to remove Iraq from Chapter VII.

The league said the completion of a U.S. pullout is imminent, and Washington should work to remove Iraq from Chapter VII to regain his strength and leadership on the surrounding Arab and regional levels. “

The league called “the Arab League to intervene immediately to remove Iraq from Chapter VII as responsible to settle all the issues faced by Arab countries, including Iraq, wealth looted and destroyed because of the harsh provisions of Chapter VII.”

http://bit.ly/uRLpnK



Maliki: Iraq today has become full sovereignty
بتاريخ : الخميس 01-12-2011 02:25 مساء On: Wed, 12/01/2011 14:2


بغداد(الاخبارية).. Baghdad (news) .. قال رئيس الوزراء نوري المالكي أن العراق اليوم يمتلك السيادة الكاملة ، وحصل عليها بشكل كامل دون اي نواقص، مشيراَ الى أن الولايات المتحدة أوفت بتعهداتها ,وانسحبت من العراق بشكل كامل ، حيث أن العراق اليوم يتمتع بسيادة كاملة . Prime Minister Nuri al-Maliki that Iraq today has a full sovereignty, and got it fully without any shortcomings, noting that the United States has fulfilled its commitments and withdraw completely from Iraq, as Iraq is today enjoys full sovereignty.
وأضاف المالكي في كلمة له في حفل تسليم القصور الرئاسية ومقر عمليات القوات الأميركية للحكومة العراقية بمطاربغداد الدولي حضره مراسل(الوكالة الاخبارية للانباء) اليوم الخميس: أن العراق يعدَ من الأيام التاريخية للعراق بعد أن تسلم السيادة الكاملة ، وتخلص من نظام دكتاتوري، فسقوط نظام الطاغية صدام حصل العراق والعراقيين على الحرية والديمقراطية ، بدعم من قبل الولايات المتحدة الأميركية والمجتمع الدولي . Maliki said in a speech at the ceremony to hand over the presidential palaces and the headquarters of U.S. forces to the Iraqi government Bmtarabgdad International attended reporter Agency (news) said on Thursday that Iraq is one of the historic days of Iraq after the receipt of full sovereignty, and get rid of a dictatorial regime, fall of the tyrant Saddam Iraq and the Iraqis got on freedom and democracy, supported by the United States and the international community.
وأشار المالكي الى:أن هذا اليوم يعد من أكثر الأيام إنجاز بتاريخ العراق، حيث حصل على سيادة كامل، وعلاقات واسعة وطويلة الأمد مع أكبر دولة في العالم . Maliki pointed to: that this day is one of the most complete days on Iraq, where he received full sovereignty, and the extensive relationships and long-term with the largest country in the world.
وحمل المالكي ما حصل في العراق قبل سقوط النظام عام 2003، حزب البعث المنحل، وقال:يتحمل هذا الحزب مسؤولية ما حصل من دمار وتخلف، وتابع المالكي : بعد عام 2003 تمكنا من بناء دولة ديمقراطية وهي تتطور يوماَ بعد يوم ، حيث أن هذا التطور مكن من خلق علاقات قوية من العديد من الدول ، وأبرازها مع الولايات المتحدة الأميركية، التي لابد أن تقدم لها بالشكر الجزيل، لالتزامها بالانسحاب بعد أن وقعنا اتفاقية الأطر الستراتيجية مع الرئيس بوش والتزم بنتفيذها الرئيس أوباما./انتهى/4.ي.ن/ And carry-Maliki is what happened in Iraq before the fall of 2003, the Baath Party, said: bear the party responsible for what happened to the destruction and backwardness, he said, al-Maliki: After 2003, we were able to build a democratic state is evolving day by day, as this development has enabled to create strong relationships from many countries, and highlighted with the United States, which must provide them with thanks, for its commitment to withdraw after we signed the Convention on the frameworks strategy with President Bush and committed Bntivha President Obama. / Finished / 4. j. n /



http://www.ikhnews.com/news_view_25484.html

Maliki calls to change the economic laws of Iraq, an appropriate approach to the market economy

Posted: November 1, 2011 by THE CURRENCY NEWSHOUND

Prime Minister Nuri al-Maliki, Tuesday, to change all economic legislation and laws to fit the Iraq went to a market economy, emphasizing the need for the existence of laws that guarantee that all companies wishing to invest in the country.

Maliki said during the opening session of the 38 normal to the Baghdad International Fair, attended by “Alsumaria News”, “Iraq Mthai at the economic and procedural all to embrace anyone who wants to invest in Iraq and make friends with all countries of the world,” noting that “the opening of the exhibition such a large number of companies and countries demonstrates the interaction and the increased investment activity in the country. “

Maliki said that “Iraq was a totalitarian economy and we need to change all economic legislation and laws as they are not suited to the changes that occurred in Iraq and go to a market economy,” stressing “the need for Iraq to laws guaranteeing all companies wishing to invest in it.”

Al-Maliki opened the Baghdad International Fair, “an important message by bringing foreign investment and is an indicator of political stability in Iraq,” stressing that “Iraq is still amend any law that stands in the way of foreign companies as well as providing all the guarantees, and this is what we have already achieved through the Law Investment 2006 and amended in 2010. “

The Ministry of Commerce, announced (28 September 2011), that more than 500 companies worldwide, will participate in the session 38 to the Baghdad International Fair, indicating that they tend to develop the exhibition through the investment because of “lack of financial allocations.”

Parliament passed, in October of 2006 investment law, which it was said at the time that he would open the doors to foreign investment because of the presentation a lot of facilities to foreign investors, and equated the Iraqi investors and foreign, in each of privileges with the exception of real estate ownership by the project, and the text in paragraph 11 him as a foreign investor can lease the land for 50 years, renewable only that he is not entitled to possession.

It is incumbent upon investors to submit their projects for the National Commission for Investment or the Investment Commission of the region or province for investment licenses and they can apply for investment license to the Department of the window one developed by the National Investment Commission and authorized to inform the investor’s decision to the final in 45 days in order to eliminate administrative red tape in granting investment licenses.

The Economic Committee in the House of Representatives, the committee in (4 August 2011), that the investment law needs some modifications in line with the nature of the direction the economy in Iraq, and in affirming that the bank guarantees one of the problems that hamper overall foreign investment in the country, and described the banks Iraqi as like banking offices.

The Iraqi government has made in (April 25, 2010), in collaboration with experts from the United Nations projects for economic reform includes the restructuring of the Iraqi economy in accordance with the requirements of the transition from the general economy centrally planned economy to a private market to ensure the expansion of the productive base of the Iraqi economy by adopting the mechanism of free market and regulation your prices and foreign and domestic trade.

http://bit.ly/umSYjT

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Iraqi Economist: Possible global recession in 2012 however Iraq will not experience stagnation

Posted: October 16, 2011 by THE CURRENCY NEWSHOUND 

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. “

said Hamid: that the budget developed by Iraq in 2012 is very high, which came in the light of studies and knowledge of the reality of the market economy, which gives a positive indication on the economic situation in Iraq and he’s past in the light of global conventions and investment, alluding to the last financial agreement and the investment was with the Jordanian side.

It is noteworthy that many economists pointed that the recession may be a maximum of the aspirations of many of the largest developed economies in the world during the next year, while facing some risk of recession, and switched this year after a promising start to a great disappointment for the largest economies in the world, experiencing a mixture of austerity and crises debt, natural disasters and political problems.

http://bit.ly/pYSVYN

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Editorial: Monetary and fiscal policy between the illusions and economic criteria

Posted: October 4, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics
Tags: , , , , , , ,

04/10/2011

D. Mehdi Hafedh
Past week has seen an upsurge in competition on the right monetary and fiscal policy in Iraq.

It is worthwhile as long as the faltering observed in these policy was still a factor impeding development and economic reform and improve the desired standard of living of the population. There is no true dependence on oil revenues only an introduction to overlook the great dilemmas facing the proper functioning of economic life in all its branches.

I did not want to talk about this subject, about the collision of political, media, which appeared here and there. It’s not a formality, as some people imagine, and the national interest requires that the controversy is the construction of obstacles, Iraq built on a new economic environment, or it is building on this experience in the skies of a new renaissance of the Interior and the major shifts in the region and the world.

He encouraged me to express an opinion is what some media on the call for reforms that have been raised during the meetings of the World Bank and International Monetary Fund recently in America and considered the task of increasing importance to break the current impasse in the case of fiscal and monetary Iraq, and should here refer to Helms on the matter of the testimony specialists in the economic world:

• Monetary policy in Iraq remains volatile and suffer from procrastination in all its aspects.

• the financial sector is the most prominent barriers to achieve higher rates of sustainable growth in general.

• criticism of the dominance of government banks on the overall financial transactions and inventory of bank transactions for small things do not live up to the work of international banks.

• criticize the collision laws in the above institutions and lack of ability to achieve growth rates than is the case in the region. “Al Sabah” on 09/26/2011.

These comments are important, in addition to the controversy internally, on monetary policy in Iraq, imposing reminder of the most important facts and economic criteria that generated and evolved in the context of global economic thinking.

What is the first monetary policy? What are the basic types and their features?

In the modern economy, there is a Nation Books. Two monetary policy Monetary and fiscal policy Fiscal. And tends These policies interrelated and affect each other.

Fiscal policy concerned with several things including: the kinds of tax collection and government spending, credit or debt related.

The monetary policy is looking at the money supply in the economy, often targeting interest rates and how to manage Rates of interest.

In order to promote stability and economic growth, ie, that official targets for monetary policy focused on securing stable prices and low unemployment.

It is noted here that there is a strong correlation between monetary policy and development goals such as combating unemployment and raising living standards. Means that there is an urgent need to direct monetary policy to achieve development and economic growth and providing job opportunities and the like.

A review of economic history, also reveals that the monetary policy concept and practice have emerged at the end of the nineteenth century in order to protect the gold standard Gold Standard, which was used then for a long time in the cash transactions. Also notes that the historical record of monetary policy confirms the existence of two types of this policy.

They are:

• expansionist policy Expantionary

• deflationary policy Conctractionary

Politics is “expansionist” aims to accelerate the money supply more than usual. As for politics, “deflationary” target the money supply in a way slower then that the “expansion” includes the fight against unemployment by lowering interest rates, and facilitate access to bank loans to encourage economic activity and expand it.

The “deflationary” aims to reduce inflation to avoid distortions and fluctuations in the value of financial assets. That the link between fiscal and monetary policy have evolved and separated from each other since the seventies.

Even before that date, the Bretton Woods agreements have called for a separation between the political blocs since 1946. It is known that these agreements and concepts of operation was approved at the time and become a window into the policies, “the World Bank and International Monetary Fund.”

After the meetings of the many countries in the world in the city of Bretton Woods the U.S.. And now have to take a light on the events in the evolution of monetary policy in Iraq.

It is known that such a policy, was developed in 2003 as part of the Governing Council who was contributing to policy formulation and review a number not a few of the laws and legislation in Iraq.

The representatives of the “Coalition Provisional Authority,” playing a key role in approving the new amendments, including the replacement of monetary policy and the restructuring of the Central Bank of Iraq on a new basis. And was at the forefront of them, Mr. David Oliver Devid Oliver official budget, as well as Mr. Mikferson Mekferson economic advisor to the director of “Coalition Provisional Authority.”

Ironic that tell here what was in the book, Dr. Ali Allawi, is marked by “the occupation of Iraq: winning the war and the loss of peace,” which was then Minister of Trade, where he says “that Mr. David Oliver gave a brief description of the state finances the Iraqi Governing Council and in early August 2003. then adds d. Allawi that” Power Coalition “has withheld necessary information about the” governing council “that was supposed to be adopted in study and the drafting of the budget for that period.

With the political change, the great who grew up in the year 2003, with direct support from the United States and its allies, was the general direction of the path of this change, is to get rid of the various policies of old, to the former regime, and the establishment of a market economy replaced the planned economy and authoritarian prevailing at that stage .

The monetary and fiscal policy are located at the center of the measures and new measures. and there was a keen and declared support for the private sector in all its branches and to enable as playing a direct role and head in the processes of change and the establishment of a free economy again.

Perhaps the most important foundations and methodological principles that should have been based are the properties of the national economy at the time, which is reflected Ba_i_ra phenomenon of inflation because of the rush mindless to issue paper currency and the deterioration of the value of the currency in the context of the international embargo and sanctions imposed on Iraq, as well as an economy distorted Rei, and the one-sided, and the lack of diversity of economic activities.

In addition to the dominance of public sector dominance is almost complete the activities and structure of the state as a whole. The Central Bank of Iraq has lost any kind of independence, a follower and was part of government institutions Almatmrh order of leadership in the country.

The subordination of the central bank to lead the country one of the highlights of the economy, which had to be treated quickly and seriously as an important part of the ongoing measures to shift the great work to a free economy and free from the phenomenon of inflation.

The first measures is a new law of the Central Bank, and confirm its independence and monetary policy fit with the new features of the economy and Strutijeth declared at the time.

There is no doubt that reducing inflation was still a major factor in the selection of monetary policy is appropriate, such as if one of the two policies that we have mentioned before (expansionist policy or deflationary).

That the stability or change any of them depends on the evolution of the economic situation in the country, is that what happened is the insistence of American representatives to adopt a deflationary policy, which is expected to contribute in the fight against inflation as well as promoting development and reducing unemployment and others. The fact is that the subsequent path of this policy, did not achieve these expectations, but with certain restrictions.

Can not in this case that we accept a scientific and practical discrepancy observed between the State’s keenness on the fiscal policy “expansionary” call to raise the rates of investment, economic development, between central bank policy-oriented further contraction and strengthening constraints banking facilities to the private sector, which brought paralysis of economic life are required. that inflation (rising prices and high cost of living) is the subject of worrying without doubt.

But the search in the clashes and mechanisms of inflation is something the other needed clarifications and explanations convincing. Perhaps the most important questions regarding the identification of the body that specializes in measuring inflation. In fact, the “Central Bureau of Statistics and Information Technology” of the Ministry of Planning was still the main source of information on the measurement of inflation.

It was not the central bank’s role well known in this area. As the inflation figures and data that declare the need to impose a monthly check her grandfather. Are these facts covering the movement of prices in the market a comprehensive and holistic or is it limited to the acquisition of information is incomplete and perhaps inaccurate prices of some goods and services.

Then there is another important question, is that the figures declared monthly inflation data covering the whole country, or is it limited to the parts of them. I felt very sensitive about this issue when you are in the responsibility and I have shown serious reservations about the integrity of this process.

That follow the movement of prices in the national market, do not provide alone give an encouraging picture, so perhaps many notes that most of the prices of foreign goods and services today are cheaper than the prices of domestic goods and services.

Where lies the fault? Is it safe to figures announced on inflation? Then raised another important question about the role and contribution of private banks (civil) in the process of money supply (monetary policy) level and is it required?

Many of the men involved in the affairs of banks and the banking sector believe that they are out of the picture completely.

There are now about (36) civil strife as well as banks (7) state banks, including “Rivers” and “good.”

According to statistics available, that some (90) percent of bank deposits settle in the hands of government banks, which are authorized to formally deal with financing government cash.

That any monetary policy, of any kind, especially in countries with the basic approach in a free economy and to encourage constructive competition, must be careful banking facilities to the private sector. It is a mistake and miscalculation, that investors remain Alahleon deprived of any controls in encouraging banking.

So we find that one of the reasons for the reluctance in the development of the private sector, the absence or weakness of the official controls required in the banking industry. Perhaps the most important of these controls is to provide a reasonable interest charge, to enable investors Alahliyn of starting the internal construction, solving the problems facing the national economy.

Eight winning confusion in trade policy, especially the absence of customs tariffs, was and still is another serious obstacle for the development of the private sector (manufacturing in particular). Can not continue to protect the country from non-serious, that would provide proper safeguards to encourage the Iraqi investors and industrialists, especially in the face of open and indiscriminate import of goods and services from abroad. The re-confirm and national protection is an important element to assume Iraq and the economic situation is acceptable at the regional level and globally.

A catalyst to accelerate the acceptance by Iraq of a full World Trade Organization. At the end of 2003, held a consultative meeting with senior Iraqi businessmen in Dubai, on the occasion of the annual meeting of the World Bank and International Monetary Fund. And made possible a number of Iraqi ministers, to attend the consultative meeting was the most important issue in the debate is to emphasize the interests of the Iraqi businessmen and the private sector.

As stated in the recommendations of that meeting as follows: -
Not valid status of Iraqis and foreign investors on an equal footing. It does harm the Iraqi side. The private sector was entitled to recover a lot behind the high walls of customs tariffs and import licenses and open markets.

This is the premise of principle and practice of the renaissance of the national economy, and evaluate the fiscal and monetary policies and put Iraq on the right track of economic freedom, competition and diversification among various events.

http://bit.ly/pF7rPY

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Oil minister plans to show the world Iraq's potential

By Courtney Fingar | Published: 03 October, 2011 
Abdul Karim Al-Luaibi

The Iraq government’s plans to increase oil exports from 2.2 million barrels per day to 4 million opens up a wealth of investment opportunities. Oil minister Abdul Karim al-Luaibi tells Courtney Fingar what this could mean for the conflict-torn country.

Q: If you look forward five or 10 years, where do you think Iraq will be as an oil producer? What kind of volumes would you expect and what kind of clout would you have in the global oil industry?

A: Personally, I am very optimistic regarding this outlook. We look forward to Iraq, even in less than five years, being a top oil-producing and exporting country. We set a target for the term of the current government. Our target is to export more than 4 million barrels a day at the end of this term. Of course, we are in a position to make a fully integrated plan to absorb all the expected increases and build appropriate infrastructure.

At the end of this year we are going to complete the first phase of the development of the Basra oil terminal. This important project will increase the export capacity of the Basra terminal to more than 5 million barrels a day.

We have other plans to develop our export outlets from Turkey – this would account for more than 1 million barrels a day. We also have a pipeline network system, Trans-Syria, at a capacity of 3 million barrels a day. We are talking seriously about a capacity of more than 10 million barrels a day as a whole.

Of course, we are keen to supply the oil markets according to the needs of that market. According to the information available to us, in the coming years Iraq is going to be the only qualified country to increase its production capacity by high levels because it owns a great number of large undeveloped fields.

But the reign of big exploration processes is over. Now, [throughout] the world, there are no big exploration discoveries, whereas we are talking about 75 fields. If developed, the figures would be considerable.

quote

According to the information available to us, in the coming years Iraq is going to be the only qualified country to increase its production capacity by high levels because it owns a great number of large undeveloped fields

quote
Abdul Karim al-Luaibi

The explored regions in Iraq are very limited and minor, therefore our plans for the next five years include concentrating on exploration activities. We have set a very specific plan accordingly. A part of this would be going on the fourth licensing round, where 12 exploration blocks would be determined and specified.

I would also like to emphasise that in the coming years, Iraq will witness a new industry of gas processing. We look forward to increasing capacity due to the growing need for gas. We also aim to be among the top exporters of gas, especially in the Middle East and Europe. We have planned projects based around this prospect.

Q: Do you feel that the contracts with the international oil companies have been fair and advantageous to Iraq? Recently there has been criticism of BP’s contract in the international media and claims that the contract has been revised in a way that is more favourable to the company than to Iraq. How do you respond to this?

A: I would like to point out that all these contracts that have been approved and certified (what we call service contracts) are simple, clear and explicit. All these contracts were carried out with a transparent process and very clearly set. These contracts were done not only by Iraqi national cadres, but we have tried to use the experiences of other international companies regarding this matter.

Q: What messages are you keen to communicate to companies interested to come and service the oil industry in Iraq, and international oil companies themselves about Iraq?

A: In spite of the success and the excellent progress that I have just pointed out, I always reiterate for the international oil companies that [Iraq's future will only get] better and better. Improvements are continuing on all levels – security wise and legislation wise. This will really protect investors, in terms of people’s understanding and co-operation and, most of all, the support rendered by the government and the people. All these are very encouraging factors.

Iraq has a wealth of resources, rich history, ancient civilisation, considerable financial revenues and natural wealth. [Hopefully], progress will be swift, not only in the oil sector but in other sectors as well.

But for the oil sector, 'the renaissance' is very clear. When we talk about reality, about figures, we currently export 2.2 million barrels a day, compared with last year's figure of 1.89 million barrels [a day]. We also look forward in the coming year to seeing an increase in exports to 2.5 million barrels a day. Then the oil industry will really appreciate the volume of those figures.



28 Sep 2011 Zawya Dow Jones News
 

UPDATE: Kogas To Ink Iraq Akkas Gas Field Deal October 13

Wednesday, Sep 28, 2011


By Hassan Hafidh
Of DOW JONES NEWSWIRES

AMMAN (Dow Jones)--Korea Gas Corp. (036460.SE), or Kogas, will sign next month a multi-billion deal to develop one of Iraq's largest gas fields, Akkas, after the cabinet approved the project this month, a senior Iraqi oil official said Wednesday.

"Final signature of Akkas gas deal with Kogas will take place Oct. 13," Sabah Al Saidi, deputy head of the Iraqi Oil Ministry's petroleum contracts and licensing directorate, told Dow Jones Newswires.

The cabinet approved the deal during its weekly meeting which took place Sept. 13, Saidi said by telephone from Baghdad.

Kogas and the Iraqi Oil Ministry initialed the deal June 1, but were awaiting the approval of the cabinet before its final signature.

Earlier this year, Kazakhstan's state gas company KazMunaiGas EP JSC (RDGZ.KZ) withdrew from the project, following which, Kogas decided to double its share, taking over KazMunaiGas's stake.

The signing of the contract had been delayed twice since Kogas won the right to develop the field last year, due to disputes with provincial authorities in Anbar province, where the field is located. But officials said that all disputes have been settled.

Kogas currently has a 75% stake in the Akkas venture, up from 37.5% previously, with Iraq's state-run North Oil Company holding the remaining 25% share.

-By Hassan Hafidh, Dow Jones Newswires; +962 799 831 831; hassan.hafidh@dowjones.com

(END) Dow Jones Newswires

28-09-11 1121GMT




26 Sep 2011 Press Release
 

Iraq's private banks setting growth records, attracting foreign investors

With inflation stabilized, oil production up and government encouragement to become better capitalized, private banks are drawing potential foreign investment partners because they are positioned for success in Iraq's post-war economy.


Baghdad - A resurgent oil economy, projected GDP growth at more than 12 percent and a record level of foreign investment point to signs that the private banking industry in Iraq is looking at substantial growth, a new report on Iraqi banking says.

The groundbreaking analysis, conducted by Ahmad Saleh, senior research analyst at IraqiXchange, also indicates that for the first time in the modern era, bank deposits in Iraq accounted for more than half of the money supply.

"Iraq's economy is growing out of its wartime difficulties quickly and transitioning from a centralized economy to one that is market-based," says Saleh, an Iraq native and veteran North American banking analyst.

"With credit accounting for more than one-third of bank revenue and deposits at record levels, our analysis identifies attractive and specific investment opportunities in the Iraqi banking sector," Saleh says.

HSBC of London, Qatar National Bank and National Bank of Kuwait are among those with stakes in Iraqi banks, and more financial institutions are following.

"We are very optimistic about Iraq over the next three to five years," says Dennis Flannery, Citi's country head for Iraq and a former U.S. financial attaché who previously worked at the World Bank and Bank of America. "Our feeling is that good progress is being made, and we expect to see really significant increases in the GDP in coming years -- really significant."

The Middle East and Africa banking sector is second only to Asia's in growth potential, according to the 2011 Barclays Corporate Global Banking Survey of 200 top banking and insurance services executives.

Influenced by the World Bank and the International Monetary Fund, the Iraq government is phasing in an increased capitalization requirement for all banks.

"The hope," Emirates Bank investment strategist Irfan Chaudhry tells IraqXchange, "is that new capital requirements will bring consolidation, increased investment and more interest from foreign banks."

The Iraq banking analysis is available through IraqiXchange by contacting Saleh.

-Ends-

About IraqiXchange:
IraqiXchange specializes in local market analysis, covering the publicly listed companies, sectors and trends in the Iraqi economy. The company delivers independent, insightful, and timely market intelligence using its unparalleled market knowledge and extensive local network to identify valuable investment strategies.

Contact:
Ahmad Saleh
IraqiXchange financial analyst
info@iraqixchange.ca
1-888-445-8223

© Press Release 2011


22 Sep 2011

 

Iraq 2011: Future Energy Conference to Commence Next WeekPress Release

Iraq 2011: Future Energy Conference to Commence Next Week
Key Industry Leaders to Discuss Current and Future Opportunities in the Iraqi Energy Industry


Abu Dhabi-UAE: 22 September, 2011 - Commencing on September 26, 2011, Iraq 2011: Future Energy is an industry summit strategically designed to provide stakeholders in the energy sector with a comprehensive understanding on how to develop a highly efficient and profitable industry with a focus on Iraq.

Iraq's oil and gas, power, electricity and infrastructure sectors have significant opportunities and financial potential. Iraq 2011: Future Energy will be the ideal place to network with some of the leading figures in the energy industry to build strategic relationships and begin Iraq's quest to reach economic prosperity.

The Energy Exchange recently announced that His Excellency Mr. Taner Yildiz, Minister of Energy and Natural Resources, Turkey, will provide an address on September 27, and ex-US Ambassador to Iraq, Mr. Zalmay Khalilzad will give a key-note presentation to begin day-two of the conference which will focus on how international energy companies can benefit from investing in Iraq.

Sidharth Mehta, Senior Project Manager, The Energy Exchange, said: "The energy industry in Iraq today provides a unique opportunity for foreign companies to capitalise on profitable endeavors. Next week, Iraq 2011: Future Energy will feature a high caliber of speakers to address the variety of issues faced by energy-related companies. The four-day conference will provide an in-depth analysis of the current state of the energy sector and all the necessary strategies and solutions for electric power and oil and gas companies to successfully and efficiently operate. In addition, it provides a significant networking platform to interact with government officials and leading industry experts to potentially build rewarding relationships."

Recently, Iraqi Deputy Oil Minister Ahmed Al-Shamma stated that Iraq requires US$30 billion in investments to build five oil refineries, giving an insight into the potential of the downstream sector in Iraq, and what can be expected in the future.

Adnan Al Janabi, Chairman of the Iraq Parliament's Oil and Energy Committee, will address Iraq 2011: Future Energy, giving a detailed presentation on the Draft Oil Revenue Distribution Law and Petroleum Law.

"The most important thing for the Iraqi oil sector is restructuring, part of which involves reinstituting the Iraq National Oil Company and implementing a federal Oil and Gas law," said Al Janabi. "It is a constitutional requirement to implement article 106, the Revenue Sharing Law. However, this cannot be completed without restructuring the oil sector."

Simona Marinescu, Senior Economist and Programme Director for Economic Reforms, Iraq, United Nations Development Programme, will also be present at the conference and provide an in-depth and comprehensive presentation on harnessing economic reform in Iraq.

Several leading oil and energy companies will be present and each of them will explain their company's current and future endeavors in Iraq, along with the abundant opportunities the oil-rich country provides.

Hans Nijkamp, VP and Country Chairman for Iraq at Shell, will highlight the benchmarks for future production at the Majnoon oilfield. Elias Kassis, Managing Director, Exploration and Production for Iraq at Total, will analyze its joint development of the Halfaya oilfield. In addition, development plans for Siba and Mansuriya gas fields will be discussed by Mohammed Aboush, Senior VP, Iraq, of Kuwait Energy CompanyKuwait Energy Company.

Mohammed Aboush, Senior VP, Iraq, at Kuwait Energy CompanyKuwait Energy Company, said: "Iraq is probably the largest underdeveloped onshore oil and gas opportunity in the world. We look forward to acquiring more opportunities in this country and the region in the future as we continue to help governments and the people they represent to gain value from their natural resources."

According to data released by the Organization of Petroleum Exporting Countries (OPEC), Iraq in 2010 was responsible for flaring 268 billion cubic feet of gas, a crucial waste of a valuable resource.

Fabrice Mosneron Dupin, Global Gas Flaring Reduction Advisor to the World Bank, said: "Gas flaring reduction in Iraq represents a huge opportunity. Iraq flares almost 353 billion cubic feet per year, one fourth of the volume flared in the MENA region, and this flaring could increase dramatically with more oil production in the coming years. This flared gas could rather be used to generate much needed electricity, produce LPG, or feed petrochemical plants - all things that are desperately needed for the benefit of the Iraqi population."

During the event, Dupin will discuss the path to zero flaring and will explore how to efficiently use gas, which is vital to ensure the prosperity of Iraq.

Security also poses a challenge to foreign companies investing in operations in Iraq and Iraq 2011: Future Energy will provide detailed presentations and discussions on security staffing and other on-ground realities and challenges which companies are facing in order to meet demand.

Iraq currently only generates 6 hours of electricity each day. The Ministry of Electricity states that it needs to raise US$29 billion between 2015 and 2030 to meet its strategic plans and fill the gap. Iraq 2011: Future Energy features a dedicated Power and Electricity Summit showcasing the several opportunities and challenges facing the power and electricity industry in Iraq.

The lucrative region of Kurdistan will also have its own dedicated focus day whereby speakers will highlight its significant amount of natural resources and provide attendees with various opportunities to capitalize and profit on.

Speakers confirmed to participate at Iraq 2011: Future Energy include Farman Ghareb, Director General - Sulaymaniyah, Kurdistan Board of Investment, Kurdistan Regional Government; Jon Sargeant, Operations Director, DNO International; Simon Stolp, Senior Energy Specialist, World Bank; Adnan Samarrai, Country Manager - Iraq, Gulf Keystone Petroleum; Brian McFeeters, Economic Minister Counselor, US Embassy - Iraq; Daniel Freifeld, Senior Advisor, Office for the Special Envoy for Eurasian Energy (S/EEE), U.S. Department of State; Luay Khatteb, Executive Director, Iraq Energy Institute; senior representatives from Alstom Power and many more.

© Press Release 2011



22 Sep 2011
AFP
 

Iraq eclipses 2010 oil income in eight months of 2011

BAGHDAD, Sep 22, 2011 (AFP) - Higher oil prices and rising exports in the first eight months of the year have meant Iraq has already eclipsed the total amount it earned from crude exports in 2010, figures published on Thursday showed.

The country, which depends almost entirely on oil sales for government income, generated $55.733 billion (41.493 billion euros) in the first eight months of 2011, compared to $52.202 billion all of last year, according to an AFP tally of figures released by the oil ministry.

Exports and prices have both been higher in 2011 than last year, resulting in the marked rise in revenues.

Crude exports in 2011 averaged 2.19 million barrels per day (bpd) until the end of August, compared to 2010 figures of 1.89 million bpd.

Average prices, meanwhile, have risen from around $90 per barrel in January to between $104 and $114 per barrel from March to August. By comparison, oil prices ranged from $71 per barrel to $86 per barrel in 2010.

Data published by the ministry on its website on Thursday showed Iraq exported 67.9 million barrels of oil in August, earning revenues of $7.124 billion. Oil prices averaged $104.92 for the month.

That compares to overall exports of 55.4 million barrels during the same month a year ago, earning income of $3.957 billion.

Iraq exported 67.2 million barrels in July this year, but average oil prices of $108.8 per barrel meant income was higher, at $7.311 billion.

The August export figure equated to average daily exports of 2.19 million barrels per day (bpd).

In February, Iraq approved a national budget that was based on oil prices of $76.50 per barrel and average exports of 2.2 million bpd. Partly as a result of higher oil prices, Iraq's cabinet has targeted a 36 percent boost to public spending, in a budget proposal outlined this month.

Oil sales account for around 90 percent of Iraq's government income.

psr/jfb 





21 Sep 2011 Aswat Aliraq
 

Hashimi, Gauer discuss bilateral relations

BAGHDAD: Vice-president Tariq al-Hashimi discussed with the French ambassador to Baghdad prospects of future cooperation between Baghdad and Paris.
In a presidential statement, copy received by Aswat al-Iraq, Hashimi met French ambassador Denis Gauer and stressed that "the real challenge is to build a state based on national identity and rejection of political sectarianism".

On his side, ambassador Gauer hoped that Iraq will pass all obstacles that hinder the building of institutional government that will enhance investment, reconstruction and development".

"France is ready to actively participate in these efforts", he added.

© Aswat Aliraq 2011

_____________________________________________________________________________________________________________________________________
21 Sep 2011

 

Khuza'i, Jeffery discuss US forces withdrawal, statement Aswat Aliraq

BAGHDAD: Vice-President Khaudair al-Khuza'i discussed with the US ambassador James Jeffrey the stages of the U.S. forces withdrawal at the end of this year and the training of Iraqi forces dossiers.

In a presidential statement, as received by Aswat al-Iraq, vice-president pointed out that "Iraq has been changed from dictatorship rule to democratic."

"Though Iraq passed through great difficulties, but managed to surpass danger limits," he added.

He asked ambassador Jeffrey that the United States should  concentrate on cooperation and partnership with Iraq in fields of investment and reconstruction, in order to be a symbol of democracy and freedom.

On the other hand, Jeffrey confirmed that the U.S. will abide by the withdrawal of its forces at the end of this year according to the agreement between Washington and Baghdad.

"We will support the government and people of Iraq in order to be the best in fields of freedom and democracy", he added.

Jeffrey stated that what is going in the Arab region is to attain what Iraq has achieved.

© Aswat Aliraq 2011


21 Sep 2011 AK News
 

Media reports: Iraqi parliament speaker to visit Kuwait soon

Erbil - Iraq's Parliament speaker Osama Nujaifi is expected to visit Kuwait for talks over pending issues.

Kuwait's al-Dar Newspaper reported that Nujaifi will visit several countries, including Iran, but his main focus will be Kuwait. The newspaper did not report when this trip is going to be.

There are several issues lingering between Kuwait and Iraq that frequently spark tensions between the two neighbors: shared oil fields, land and water border demarcations, and the controversial Kuwaiti Mubarak Port which Iraqis believe will  take business away from their ports and effect fishermen working in the Gulf.

Iraq is also criticizing Kuwait for its support of the UN's Chapter 7 sanctions that were imposed on Iraq after the Second Gulf War in 1991. Kuwait demands reparations for the Iraqi invasion, disclosure of the fate of Kuwaiti MIAs and the return of the remains of Kuwaitis POWs.

Without Kuwait's approval, it is not likely that the United Nations Security Council lift the Chapter 7 sanctions.
© AK News 2011

21 Sep 2011 AK News
 

Crisis between Kurdish leadership and Baghdad almost solved

 
By Fryad Mohammed
 
Erbil - Following weeks of heated disputes between Baghdad and the Kurdish leadership in the semi-autonomous region, tensions are easing, according to Kurdish politicians.

The crisis was solved when Iraqi Parliament Speaker Osama Nujaifi met Kurdish President Massoud Barzani and both agreed to find a solution.

Now a Kurdish delegation that was canceled last week, is going to continue negotiations with the federal government, said Fouad Massoum, a member of the Kurdish Blocs Coalition (KBC) in the Iraqi parliament.

Tensions had risen between Baghdad and the Kurdish government in Erbil after the Kurdistan Region Government (KRG) rejected the new law for the exploitation of oil and gas in the country.

The Kurds believe the new law would allow the federal government to exploit the country's oil wealth at the expense of the Kurdish Region. They also argue that the Ministers Council did not follow the legal process when it approved the law.

Last week, the KRG put negotiations with the federal government in Baghdad on hold until previous agreements were implemented.

Barzani then sent a letter to Prime Minister Nuri al-Maliki in which he reminded Maliki of the political agreements from last year and asked if Maliki is still committed to these agreements.

The Kurds played kingmaker after parliamentary elections in the March 2010 when they lent support to the current Iraqi Prime Minister Nuri al-Maliki. Maliki had run second in the elections behind Sunni-backed leader Ayad Allawi, but thanks to Kurdish support he could still get a majority for his government

Back then, the Kurds presented a list of 19 demands to Maliki who agreed on all but one that would have deemed the government illegitimate if the Kurds withdraw from the government. The content of the remaining 18 demands that both sides agreed on has never been fully disclosed.

However, some of the Kurdish demands were repeatedly articulated in public: the implementation of article 140 into the Iraqi constitution*, drafting a new hydrocarbon law and the integration of the Kurdish defense forces (the Peshmarga) into the Iraqi army, paid for by the Iraqi government.

The Kurds have 57 seats in the Iraqi parliament, 47 of them are organized in the KBC. The Kurds run four ministries in Maliki's government, in addition to the deputy prime minister post.

*Article 140 of the constitution would make provisions for the payment of reparations to Kurds forced from their homes under Saddam Hussein, a comprehensive census of ethnic groups and a referendum to decide if disputed areas should fall under the control of Kurdistan Regional Government.
© AK News 2011

21 Sep 2011 AK News
 

Arabs also want their own force in Kirkuk

By Diyar Samad
 
Kirkuk - Arab politicians in the disputed city Kirkuk withdrew from the provincial council and threatened to create their own security force.

They criticized the Kurdish dominated security forces for the lack of security in the city and for, in their opinion, uncoordinated, arbitrary and illegal arrests.

"The Asayesh. the Kurdish forces, work for political parties, help the United States and do cooperate with the police. We demand that they are withdrawn from Kirkuk and that these kinds of arrests come to an end," said Abdullah Assi, one of the protesting Arab members of the council.

"If our demands are not met, we will form our own force to protect our people," Assi said.

Last week, the Turkmen community in Kirkuk already announced a similar move. Najat Hassan, representative of the Turkmen in Kirkuk, said they will form a special security force of 100-150 armed men to protect the Turkmen citizens.

"The decision to form the force was made after it became clear that the security forces in Kirkuk are unable to protect the Turkmen citizens in the city, especially after the assassination of the prominent Dr. Yıldırım Abbas and his brother," Hassan said. "It was implemented at the request of the President of the Turkmen Front, Arshad Salhi."

Jamal Taher, chief of the police in Kirkuk, criticized the move of the Turkmen. "I do not support the formation of a committee like this, set up on the basis of nationalism in Kirkuk."

He would prefer additional support for the police of Kirkuk, if the government agrees that additional security is necessary.

Mohammed Khalil al-Jubbouri, Arab member of the provincial council, indicated, they might ask the Arab Awakening Council for help in the increasing conflict. The Awakening Council was set up by Sunni tribes in 2006 and paid for by U.S. forces to fight insurgents  in Anbar province.

The oil-rich city of Kirkuk - 233 km northeast of Baghdad - is of multi-ethnic makeup. Kurds, Arabs and Turkmen all claim they are the rightful heirs to the rule of the city and the surrounding province. It has been hit hard by the violence that has engulfed Iraq since the 2003 U.S-led invasion. Unlike other regions, attacks in Kirkuk have not significantly decreased in recent years, with bombings and shootings an almost daily occurrence.

Observers believe that the file of the disputed areas between Baghdad and Erbil will be a challenge for Iraq after the withdrawal of U.S. troops from the country at the end of this year.
© AK News 2011
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