By John Lee.
Reuters reports that a bomb attack stopped oil flows through the pipeline from Kirkuk to the Turkish port of Ceyhan (pictured) early on Tuesday.
Iraqi oil officials said the stoppage started at around 0230 GMT (10:30 p.m. Tuesday EDT). The pipeline has been repeatedly attacked by militants and has also suffered technical problems.
(Source: Reuters)

Source: Iraq-BusinessNews.com.

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Anbar province recently announced its completion of a 12 billion Iraqi dinar ($10.3 million) highway project linking western Iraq to Saudi Arabia.
Anbar province spokesman Mohammed Fathi Hantoush explained that the highway, called the Land Pilgrimage Road, is 230 kilometres long and links central Anbar to the Saudi border at Arar border crossing.
Hantoush added that the highway is slated to be used for hajj, umrah and trade exchange purposes, and aims to improve trade relations and religious tourism between the two countries.
The highway was constructed by local and government companies, and was completed within two years.
(Source: Al-Shorfa)

Source: Iraq-BusinessNews.com.

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From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.
A series of car bombs in mainly Shiite areas of Baghdad killed dozens of people and wounded more than 150, in what appeared to be co-ordinated attacks on people celebrating the end of the Muslim fasting month of Ramadan.
Some 12 separate blasts targeted markets, busy shopping streets and parks where families mark the end of their religious holiday. This has been one of the deadliest Ramadan months in years, with regular bomb attacks killing scores of people, especially in the capital.
The latest bombings were similar to attacks in Baghdad on Tuesday in which 50 died. More than 1,000 Iraqis have been killed in July, the highest monthly death toll since 2008, according to the United Nations.
The Interior Ministry has said the country faced an “open war” fuelled by Iraq’s sectarian divisions and has ramped up security in Baghdad, closing roads and sending out frequent helicopter patrols.

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From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.
At least seven more people have been killed in shootings and bombings in Iraq, a day after a wave of deadly bombings left 91 people dead.
Gunmen on Sunday opened fire at a checkpoint manned by Sunni militia, killing two and wounding two in the town of Buhriz, about 60km northeast of Baghdad, police said.
Al Jazeera‘s Imran Khan reports from Baghdad.

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P.M. Kitco Metals Roundup: Gold Ends Lower, Pressured By Stronger U.S. …

Forbes2 hours ago

(Kitco News) – Comex gold futures prices ended the U.S. day session moderately lower Tuesday. A solidly higher U.S. dollar index and some technical chart consolidation following recent gains helped to sink the yellow metal.

The US Dollar Outperforms Gold, Silver and the HUI so far in 2013The Market Oracle
Will gold break its negative correlation with dollar?Resource Investor

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P.M. Kitco Metals Roundup: Gold Ends Higher On More Short Covering …

ForbesAug 13, 2013

(Kitco News) – Comex gold futures prices ended the U.S. day session moderately lower Tuesday. A solidly higher U.S. dollar index and some technical chart consolidation following recent gains helped to sink the yellow metal.

Is a falling US dollar bullish or bearish news for gold?Resource Investor
Gold drops 1% on stronger dollar; Indian tax hike weighsCNBC.com

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8-13-2013 Jester:    THE FACT OF THE MATTER IS IT WILL TAKE WHAT IT TAKES AND A LONG AS IT REQUIRES TO GET IT RIGHT… SO I STICK TO WHAT I CAN SEE AS THE END OF THE PROCESS… AND WE ARE NOT THERE JUST YET…YES I THINK WE ARE CLOSE… BUT IT IS GOING TO HAVE TO BE THE WAY THEY WANT IT… UNTIL THEN WE WAIT.

I SEE NOTHING AT ALL INDICATING A DATE HAS BEEN SET…WHEN THEY GET WHAT THEY WANT COMPLETED IT WILL HAPPEN THEN… I KNOW YOU GUYS NEED THE HYPE OF THE NEXT BIG DATE OR RATE OR BACK WALL TO HOPE FOR OR WHATEVER… BUT I CANT DO IT…HOLD ON… DO NOT DESPAIR… IT IS COMING.

Defer reset the dinar project will cause the loss of the country billions of dollars annually raise zeros currency be established before the opportunity to restore its influence in global markets



BAGHDAD / Mohammed Kazem

08/13/2013


Puts the lifting of international sanctions on Iraq, the government in front of a historic opportunity to raise the value of the dinar to its highest level against foreign currencies, through the adoption of a bill reset currency, which will contribute to reducing the size of the money supply and restore confidence in the world where, because of the oil asset added to the balance of the Golden international banks.

And contributed to conflicts successive political and the crisis of the central bank to postpone pass a reset on the currency, which it was hoped to pass during the current year after completion of all actions related to the project, and the delay will cause the loss of Iraq to billions of dollars annually, while the Council demanded that the prime minister earlier in the central bank to wait a draft deleted three zeros from the local currency, as a big project, and it needs enough time to implement it.

A member of the Finance Committee, the parliamentary Abdul Hussein al-Yasiri: lifting of international sanctions on Iraq put it in front of the opportunity to restore the Iraqi dinar to its strength and سطوته on the global market, including almost worth purchasing the former, which was more than three times the U.S. dollar, and descended by the imposition of sanctions, Chapter VII and printed the previous regime for the currency bad .

Noting: that the end of the work of international sanctions and the existence of a new currency that will restore the Iraqi dinar to its previous value.

He Yasiri told (Badr): possible to achieve a qualitative leap in the price of the dinar and its value in the trading markets global possesses all the ingredients to recover provided to strengthen the confidence of dealing it, through a reset on the currency and the adoption of international companies specialized print currency put the signs secret to prevent forgery, and this the situation will contribute to a great boom in the price of the dinar, and its value will rise gradually after reaching its peak during the period of a few.

The Yasiri: The exit of the country from Chapter VII in the political side, contributed to the editing will Iraq and the economic side, giving Iraq’s plenty of room in the important issues at the forefront of the banking industry and the Iraqi currency and foreign trade, as well as investment,

where he could not Iraq that attracts investment companies During the previous period, and which was Taathab from working in Iraq as being located within Chapter VII, which pull the country’s sovereignty, independence and كبله in all respects, particularly the economic side.

He reported: Out of the international sanctions consequent recovery of the Iraqi economy, to possess the government the possibility of political that the investment and hiring in all areas of development and reconstruction, agriculture, tourism, industry, and if the work of Iraq in this area and allowed the private sector to play its role Vcentash Iraq’s economy,

and if this condition occurs the Iraqi currency will take the space required and will regain its former glory, adding that the Iraqi currency will be achieved her support through the sale of dollar Iraqi dinar by central bank auction, which has a direct impact, because the forces of supply and demand works on the mechanism of the market set the price of the Iraqi dinar in dollars, Economists consider good and commodity value is determined capacity supply and demand.

He pointed out: that the most important step in the restoration of the Iraqi dinar to power agreement the leaders of the political blocs to end the crisis suffocating experienced by the country, which will contribute to enhancing the security aspect,

which will raise the value of the Iraqi economy, and works to attract investment and foreign companies to the country, as the budget This huge financial year, which amounts to 157 trillion dinars that will contribute to the strengthening of the purchasing power of the Iraqi dinar.

A member of the Finance Committee representative: The procedures to be adopted to raise the value of the dinar against the major currencies, require that revives the government all sectors of production and investment to support the local currency,

in line with the move reset currency, since that achieving abundance financial sectors of production and investment will strengthen stockpiling cash, finding Alternatives to Iraq’s exports except rentier profits earned from oil exports, and the ability to be placed within the golden balance in global banks.

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