Baghdad/with: return economy and Investment Committee member of Parliament MP Abdul Salam Al-Maliki law State reluctance to improve the country’s investment to the routine and the unstable security situation.

Al-Maliki said in a press statement that future news agency received a copy of it on Monday “: the investment which contributes to the advancement of infrastructure and economic development is almost idle in Iraq and does not rise to the level of ambition because of the many obstacles to the development of this file”.

Al-Maliki said: “the investment law in Iraq quite hand application, particularly when compared with what exists in neighbouring countries and the region, adding that the real problem lies in the terms of reference and the routine that manages this file.”

“The country remains classified within hazardous areas according to the reports of international organizations due to the unstable security situation which has led to reluctance of solid companies to come to Iraq and activate their investments when they received not these reports.”

He noted: “the reports wronged Iraq as mostly inaccurate reports given that the overall security situation in much of Iraq, has seen security violations, praising the efforts of some provinces profile to attract big investment firms to start work in the South and centre of the country.”

Maliki warned: “the need to categorize investment companies coming to Iraq and know the pedigree of phantom where there are a lot of companies that had stalled in the State large sums charged, noting that promote investment requires activation to avoid fictitious companies and deal with real companies and the work citizens and serve the good of the country.”(Finished)

LINK

 

(Reuters) – Iraq has signed an agreement to import natural gas from Iran for power generation, the electricity ministry said on Monday, in a move that could interfere with U. S efforts to cut off funds for Iran’s nuclear development.
Under the contract, Iran will install a pipeline into Iraq and supply it with 850 million cubic feet of gas that will be used to feed three power plants in Baghdad and Diyala provinces, the electricity ministry said.
The deal was signed in a closed-door ceremony in the Iraqi capital Baghdad late on Sunday between Iraq’s electricity minister Kareem Aftan and Iranian oil minister Rostam Qasemi. There was no media access to the ceremony.
Sanctions to prevent Iran exporting its oil and gas are one of the main tools Washington is using to choke off funding to Tehran’s nuclear program, which it suspects is aimed at developing the capability to make nuclear weapons.
Iran says the nuclear program is for generating power and medical devices.
Iraq will buy the contracted gas according to international prices each day from Iran under the four-year deal, which could be extended, generating 2,500 megawatts.
The 42-inch 220 kilometre gas pipeline will pass through Iraq’s Mansuriyah gas field near the Iranian border, through the volatile province of Diyala to supply a nearby power station and reach Baghdad, where it will branch into two lines that will supply two power plants.
The pipeline is expected to be completed in two months and is being built by Iran Consulting Group (ICG) on the Iraq under a contract worth $365 million, the electricity ministry said in a statement.
“The pipeline section inside Iraq was supposed to be completed last month, but the unstable security situation in Diyala province and property issues have delayed the project which is expected to finish after two months,” the statement said.
Almost 10 years after the U. S. -led invasion that toppled Saddam Hussein, investment is needed in most of Iraq’s industries, not least power generation, which produces just 8,800 MW of the 14,000 MW needed.
The dilapidated national grid supplies only a few hours of power a day, leaving Iraqis to swelter in the summer months, when temperatures can top 50 degrees Celsius.
Existing U. S and European sanctions cover investment in Iranian gas, but do not specifically outlaw imports. Other countries that import Iranian oil, like South Korea, must make continuous cuts to keep getting six-month waivers on the U. S. sanctions.
Iran and Iraq fought an eight-year war in the 1980s in which hundreds of thousands were killed, but ties have improved since Saddam was ousted by the U. S. invasion and a Shi’ite-led government came to power in Iraq. (Reporting by Ahmed Rasheed)

Baghdad (AIN) –Member, Fatimah al-Zargani, of the Oil and Energy Parliamentary Committee stated that reducing the Iraqi Oil production in Rumaila Oil field will increase the Oil production in Saudi Arabia and Kuwait.
The British Company (BB) asked the Ministry of Oil to decline the Oil production from Rumaila Oil field in Basra province.
Zargani reported in statement received by AIN ”The declination of Oil production from Rumaila Oil field will increase the Oil production in Saudi and Kuwait because the Oil field is joint among the three countries. ”
Zargani demanded the Ministry Oil ”To refuse the British company request since it will harm the economy of Iraq which totally depends on Oil revenues, ” stressing that ”The British company contracted with the Iraqi Ministry of Oil to increase the Oil production. ” END

Reducing new dollar









23/07/2013 12:00 AM

BAGHDAD – morning
announced one of the private banks for reducing the new exchange rate of the dollar to 1179 dinars after it was recently reduced to 1180 dinars.

and the administration has decided to Gulf Bank to do this reduction in response to the measures the Iraqi Central Bank to maintain the stability of exchange rates in order to serve the country’s economy.

Chief Board of Directors of the bank Munir Hassan al-Jubouri told the (morning): The possibility of citizen access to the dollar at a discount from the price specified in order to control the fluctuation of prices, service to our national economy and protect consumers from high prices of products and different materials.

was the Association of private banks in Iraq announced yesterday I do Assyria and Baghdad bank exchange rates reduced to 1180 indicates that the private banks compete to achieve stability and desired scheme.

indicated that there are technical measures taken by the central bank and backed by private banks to lower exchange rates to new figures.

http://www.alsabaah.iq/ArticleShow.aspx?ID=50669

The dollar is dying










23/07/2013 12:00 AM

Yasser incumbent
expectations of a number of experts, finance and economy collapse of the dollar is not at the global level because he is still master of the currencies in most countries of the world but مايهمنا at the level of the exchange rate in Iraqi dinars,

we hope for the return of Iraqi dinar exchange rate against 3.3 dollars as it was, but this dream difficult to achieve and reach It is not possible to achieve in light of global variables but achievable to get into a price equal any one dollar against the dinar.

dream second can be achieved gradually, if we have a good deal this spirit of cooperation between the central bank and private banks, while led this cooperation to control the volatility that has plagued Sarsrv dollar these days.

Frouhah joint action and application instructions and procedures aimed at the central bank by private banks contributed to this done and required perpetuate this deal with crises and work in a spirit of team work one to achieve the common goal Alaoho achieve stability in the exchange rate in order to Aaneks on the performance of the Iraqi market trends in inflationary For اتحمد consequences.

response informed by private banks and support for the crackdown of the central bank contributed to the reduction of the dollar exchange rate against the dinar and return to prices prevailing before the crisis,

the central and its repercussions were measures to reduce prices by banks to less than planned contribution to stop the fluctuation in the exchange rate and continued measures reduction at the expense of profits of banks that the price reached to 1180 dinars last Saturday
but emerged this time is a healthy phenomenon by banks are competing in the reduction where informed Gulf Bank hour to prepare this column yesterday cut a new rate of tiger one so sold since this day by 1179 dinars.

thus permission requires dealing with this vital and important, and administration was the old central bank is trying to deliver Sarabv during the current year to 1,000 dinars, but the circumstances that engulfed بالمركزي prevented achieved,

we see the possibility that the new administration to achieve the target if the pace of handling and dealing with banks for this style Upscale by the central bank.

and there are indications require access to this price, which is not the last but followed by a reduction of new progressive as I said until we achieve equal Aotsawi the real value of the Iraqi dinar due to يتسيد other currencies and the qualifications of the Iraqi economy and its potential is considerable and help to reach the exchange rate against JD dollars in phases expected to experts determined three years, subject to increase and decrease, respectively on the circumstances.

that expectations about the possibility of the return of the power of the Iraqi dinar but brings hope to achieve this dream, but what can we explain the exchange rate so in a country wealth humbling,

these expectations were built on perceptions of experts from the exit Iraq and the salvation of the provisions of Chapter VII but ستؤول to achieve reform and economic stability and to achieve the goals,

all in the forefront of the return of Iraqi dinar to its real power and this vision and perceptions must be accompanied by better performance and denial of departments efficient.

believe that the stability of exchange rates one of the most important means of achieving economic stability and Central Bank and the banks responsibility for achieving the goal of price stability and the return of the real value of the Iraqi dinar to the dollar collapses fact in front of our national currency.

http://www.alsabaah.iq/ArticleShow.aspx?ID=50667

– Natural gas prices moved lower on Monday after investors sold the commodity for profits in wake of last week’s bullish supply data, while weather forecasts calling for a break in a searing heat wave gripping the eastern U. S. pushed prices lower as well.
In the New York Mercantile Exchange, natural gas futures for delivery in August traded at USD3. 668 per million British thermal units, down 3. 21%.
The commodity hit a session low of USD3. 642 and a high of USD3. 752.
Natural gas prices soared by over 5% last week after the U. S. Energy Information Administration reported that storage in the week ending July 12 rose by 58 billion cubic feet, below market expectations for an increase of 64 billion cubic feet, though from Friday through Monday, profit takers wiped out the commodity’s gains.
Meanwhile, a return of milder temperatures for much of the U. S. suffering from a blistering heat wave pushed prices down as well.
Industry weather group MDA Weather Services predicted below-normal temperatures across most of the eastern half of the nation for the next five days.
The U. S. National Weather Service forecast also pointed to below-normal temperatures covering the heavily populated Northeast and Midwest regions over the next six-to-14 days.
Mild summer temperatures reduce the need for gas-fired electricity to cool homes and businesses.
Elsewhere on the NYMEX, light sweet crude oil futures for delivery in September were down 0. 56% and trading at USD107. 27 a barrel, while heating oil futures for August delivery were down 0. 40% at USD3. 0770 per – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

– Natural gas prices moved lower on Monday after investors sold the commodity for profits in wake of last week’s bullish supply data, while weather forecasts calling for a break in a searing heat wave gripping the eastern U. S. pushed prices lower as well.
In the New York Mercantile Exchange, natural gas futures for delivery in August traded at USD3. 668 per million British thermal units, down 3. 21%.
The commodity hit a session low of USD3. 642 and a high of USD3. 752.
Natural gas prices soared by over 5% last week after the U. S. Energy Information Administration reported that storage in the week ending July 12 rose by 58 billion cubic feet, below market expectations for an increase of 64 billion cubic feet, though from Friday through Monday, profit takers wiped out the commodity’s gains.
Meanwhile, a return of milder temperatures for much of the U. S. suffering from a blistering heat wave pushed prices down as well.
Industry weather group MDA Weather Services predicted below-normal temperatures across most of the eastern half of the nation for the next five days.
The U. S. National Weather Service forecast also pointed to below-normal temperatures covering the heavily populated Northeast and Midwest regions over the next six-to-14 days.
Mild summer temperatures reduce the need for gas-fired electricity to cool homes and businesses.
Elsewhere on the NYMEX, light sweet crude oil futures for delivery in September were down 0. 56% and trading at USD107. 27 a barrel, while heating oil futures for August delivery were down 0. 40% at USD3. 0770 per – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

7. 21. 13

A member of the Finance Committee predicted Dler capable of improving the Iraqi dinar exchange rate and significantly against the U. S. dollar after the necessary measures taken by the central bank and out of Iraq from the provisions of Chapter VII.
He said: “The Central Bank will take new measures and controls which supports the stability of the exchange rate of the Iraqi dinar against the U. S. dollar, where the correction of the errors will be signed by the Bank during the past period and that led to the low price of the Iraqi dinar. ”
He added: “The withdrawal of Iraq from Chapter VII of the UN and will contribute significantly to support the exchange rate of the dinar because it would stimulate trade and economic movement of the country with various countries of the world and therefore will reflect positively on the exchange rate of the dinar against the hard currencies. ”
The central bank announced its intention to take measures and new regulations for the sale of hard currency to support and stabilize the exchange rate of the Iraqi dinar against the U. S. dollar.
And witnessed the exchange rate of the Iraqi dinar declined severely over the past few months, generating a great upheaval in the local market.
alestiqama. com

OkieOilMan:  GOOD MONDAY MORNING AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. WELL HERE WE GO–ANOTHER MONDAY, SEEMS LIKE THERE COMING MORE FREQUENT AS I GET OLDER.
THERE ARE MANY RUMORS PREVAILING TODAY AND I JUST HOPE AND PRAY THERE ARE SUBSTANCE TO SOME OF THEM. NEVER BEFORE HAVE I WRITTEN A REBUTTAL NOR HAVE I EVER NAMED NAMES OR CALLED ANYONE OUT OPENLY.
TODAY IS DIFFERENT–I WAS APPALED BY A B. W. M. POST ACCUSING DEBRATARHEEL, MYSELF AND PAPA BEAR OF RECEIVING ANYTHING IN THE WAY OF PREFERANCE OR HAVING ANY ALTERNATIVE MOTIVE FOR OUR POSTING OF TRUE FACTS REGARDING WELLS FARGO.
NEITHER DEBRA, MYSELF, NOR PAPA BEAR RECEIVES NOT 1 RED CENT FROM WELLS FARGO NOR ARE WE TO RECEIVE ANY COMPENSATION IN ANY FORM AFTER THE C/E OCCURS.
WE ONLY PRESENT ACCURATE FACTUAL INFORMATION FURNISHED US AND PASS THE INFORMATION ON TO HELP OTHERS GET THE HIGHEST RATE POSSIBLE WHEN YOU EXCHANGE YOUR CURRENCY.
CONTRARY TO BWM POST WE ARE NOT LOOKING FOR THE LIME-LIGHT EITHER.
I HAVE KNOWN DEBRATARHEEL AND PAPA BEAR FOR QUITE SOME TIME NOW AND I AM HONORED TO CALL THEM MY BROTHER AND SISTER IN CHRIST. (THAT IS MORE THAN I CAN SAY FOR SOME PEOPLE).
AS FAR AS THE GROUP THING, LETS CLEAR THE AIR–1ST-YOU ARE AWARE OF THE 800 NUMBER SCENARIO. .(NUFF SAID ON THAT POINT). THAT IS WHAT SOME MISCONSTRUES AS A GROUP.
IF YOU UTILIZE THAT SCENARIO I GUESS YOU COULD SAY YOU WERE IN A GROUP–BUT–YOUR IN THE HIGHEST GROUP RATE OBTAINABLE AND OTHERS WILL DIS-AGREE AND PROMOTE OTHER SOURCES FOR YOUR C/E.
PERHAPS SOME OTHERS MAY HAVE OTHER MOTIVES. (COMPENSATION IS A GREAT MOTIVATOR). BWM ALSO STATED TERRY K. WAS AN IDIOT.
I TOTALLY DISAGREE WITH THAT STATEMENT ALSO AS I KNOW HE IS DOING THE BEST HE CAN TO HELP ALSO.
I THINK RATHER THAN BEING IN COMPETITION WITH OTHERS WE SHOULD ALL COMBINE OUR INFORMATION FOR THE BENEFIT OF ALL AND STOP THIS INFIGHTING TO SEE WHO IS AT THE TOP OF THE TOTEM POLE.
I WELCOME AND APPRECIATE ALL THE MANY,MANY OTHERS WHO IS TRYING TO HELP SEE US THRU TO COMPLETION. I HONOR THE INTEL PROVIDERS AND HOPE COMMON COURTESY PREVAILS
KEEP THE FAITH AND KEEP THE PRAYERS GOING UP——BLESSINGS


Citizens in Basra complain about damage categories of paper currency and the central bank is to replace them













22-07-2013 – 14:27





Alsumaria News / Basra

Citizens expressed in Basra, Monday, alarmed by the growing phenomenon of damage and rupture of small groups of paper currency, as expressed Retailers complained of this phenomenon, the Central Bank announced a plan to withdraw banknotes damaged and replaced with new ones.


He said ‘Ali Riad Abbas, who runs a taxi driver in an interview for "Alsumaria News", "The problem of corruption and torn banknotes of categories 250, 500, 1,000 dinars worsened significantly within the past few months," noting that "most of the banknotes traded of these groups in Basra damaged and torn, which can cause sometimes us Baharajat and problems. "


In turn, said Ghassan Abdel-Rahman, the owner of a shop selling food in the market, the publican, "The currency shattered spread widely in recent Allokhirh, and we are one of the most affected by them," adding that "this phenomenon does not affect the work of traders who deal in dollars and groups cash Iraqi large, as it does not harm the officials who get paid large cash groups. "


For his part, deputy governor of the Iraqi Central Bank Zuhair Ali Akbar said in an interview for "Alsumaria News", "State-owned banks in the provinces did not stop the withdrawal of currency damaged from circulation, however,

put an ambitious plan to print the categories of alternative techniques of high quality," adding that "categories that will replace the damaged print on paper better than the paper used in the printing of banknotes to neighboring countries."


He stressed banking expert who was director of the Central Bank branch in Basra that "the central bank is determined to end this phenomenon."


The banknotes circulating in Iraq printed in the United Kingdom by a British company, is gaining all denominations leafy current specification much better than the specifications of those that were in circulation until 2004,
it was printed during the nineties in China and Iraq on paper lousy and specifications easy to counterfeit,

In spite of the spread of the phenomenon of torn paper currency and damaged before 2003, but that many Iraqis they avoided objection to accept banknotes torn through their daily business and the fact that the former currency includes all categories was head portraits of the former regime of Saddam Hussein.

http://www.alsumaria.tv/news/79759/مواطنون-في-البصرة-يشكون-تلف-فئات-من-العم/ar