7-29-2013 Med:    RAMADAN IS A RELIGIOUS CELEBRATION AND IT BEING SO NOTHING IS ALLOWED TO DETRACT FROM THAT – AND IT WAS EXPLAINED THAT A REVALUE DURING RAMADAN OR A GIFT OF MONEY TO THE PEOPLE OF IRAQ WOULD CHANGE THE ACTUAL REASONS FOR RAMADAN – AND THAT IS EXACTLY WHY YOU WILL NEVER SEE AN RV DURING RAMADAN – OR IT AS A GIFT TO THE PEOPLE OF IRAQ.
THE REVALUE OR THE DELETION OF ZERO’S FROM A CURRENCY IS NOT JUST SAYING TODAY IS THE DAY IT IS A PROCESS. EVERY COUNTRY THAT GOES THROUGH THE IMF HAS THE SAME PROCESS AND PROCEDURES WE HAVE. YES – NEWS THAT THE DINAR WILL CHANGE THE NOMINAL VALUE BY DELETING THE 3 ZERO’S – BUT TO THE ACTUAL COME OUT VALUE – THAT IS STILL ANYONES GUESS.
REMOVING THE ZERO’S IS ONLY SAYING IT WILL BE ONE PENNY AT WORST WHICH IS STILL A PROFIT OF 9K PER MILLION YOU BOUGHT – IS IT WHAT WE WANT NO – BUT ONCE IT STARTS HOPEFULLY OIL PRODUCTION WILL REACH THE AMOUNTS PROJECTED. THE 3 MAJOR BANKS WHO MOVED BACK INTO IRAQ AND WHEN THEY MOVE TO ACCEPT THE IQD AGAIN FOR EXCHANGE – THEN WE ARE ON OUR WAY.
IF THEY DO REMOVE THE ZERO’S THIS YEAR AS STATED THEN IT WILL NEED TO BE DONE SOMETIME DURING THE NEW BUDGET IS PASSED OR WHEN REALLY DOWN TO EARTH DISCUSSIONS ARE GOING ON. I PERSONALLY THINK THE LAST QUARTER OF THIS FISCAL YEAR IS THE TIME WE ARE WAITING FOR.
 

7-29-13 BAGHDAD – Hussein ثغب Tamimi, called Chairman National Business Ibrahim al-Baghdadi, activating the system of laws that encourage economic development in all sectors of production and service.

and Baghdadi said in an interview (morning): The reality of the Iraqi economy is now better than before after being granted freedom in dealing International and became a source of confidence to the world, surpassing the provisions of Chapter VII, which was hindering development in all sectors due to determined to enter the international companies in accordance with the provisions.

pointed to the importance of starting to activate the law, which allows re-rating companies and contractors to create a business segment of Rezin, as well as laws that undermine the spread of financial and administrative corruption and negative effects in the joints of the economy.

Baghdadi stressed that government policies have become more serious in supporting the local private sector, which imposes the need to employ this support to companies sober has the expertise and financial efficiency of the truth and eradicate fake companies that have left the reputation of black from the private sector that have emerged in the time of an emergency.

noted that an international organization working to adopt laws guillotine system that works on reducing its laws and trimmed to suit the next phase, which requires local and international investments on a large scale.

LINK

 

7-29-13 BAGHDAD – Hussein ثغب Tamimi, called Chairman National Business Ibrahim al-Baghdadi, activating the system of laws that encourage economic development in all sectors of production and service.

and Baghdadi said in an interview (morning): The reality of the Iraqi economy is now better than before after being granted freedom in dealing International and became a source of confidence to the world, surpassing the provisions of Chapter VII, which was hindering development in all sectors due to determined to enter the international companies in accordance with the provisions.

pointed to the importance of starting to activate the law, which allows re-rating companies and contractors to create a business segment of Rezin, as well as laws that undermine the spread of financial and administrative corruption and negative effects in the joints of the economy.

Baghdadi stressed that government policies have become more serious in supporting the local private sector, which imposes the need to employ this support to companies sober has the expertise and financial efficiency of the truth and eradicate fake companies that have left the reputation of black from the private sector that have emerged in the time of an emergency.

noted that an international organization working to adopt laws guillotine system that works on reducing its laws and trimmed to suit the next phase, which requires local and international investments on a large scale.

LINK

 

Global law firm Eversheds has advised Citibank [Citigroup] on the registration of its representative office in Baghdad, Iraq, making it the first US bank to establish a presence in the country.
According to Citi’s press release, the representative office in the Iraqi capital will support Citi’s clients in the country, and the New York-based bank will also seek to open two more offices, in Erbil and Basra, in the future.
The Eversheds team, led by Partner Tawfiq Tabbaa (pictured), advised Citibank on all aspects of project.
Tawfiq said:
Iraq is a hub of opportunities for global businesses and is fast becoming an important market in the Middle East.
(Source: Eversheds)

Source: Iraq-BusinessNews.com.

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By John Lee.
Reuters reports that Iraqi crude oil exports are to be cut by between 400,000 and 500,000 barrels per day in September.
The drop is due to rehabilitation and maintenance work at Gulf ports.
A third offshore terminal and a metering station are being installed to boost export capacity by 900,000 bpd, according to a senior South Oil Company (SOC) source.
The September forecast comes after a series of poor results, with July marking the third straight month of declines in production and exports, with production at 2.8 million bpd.
Oil exports in 2013 have already fallen below last year’s average of 2.4 million bpd, with July sinking to about 2.25 million bpd. Iraq’s 2013 budget is based on exports of 2.9 million bpd.
(Source: Reuters)

Source: Iraq-BusinessNews.com.

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The American University of Iraq, Sulaimani (AUIS) is pleased to announce new institutional partnerships with the University at Albany, State University of New York (SUNY-Albany) and Miami University of Ohio (MUO).
These collaborations will not only provide AUIS students with exciting new curriculum options and exchange opportunities, but also assist the University in fulfilling its mission to build the region’s human capacity by strengthening the fields of public health, public administration, and water resource management and policy.
SUNY-Albany
On July 10, AUIS President Athanasios Moulakis met with SUNY-Albany President Robert Jones to sign a Memorandum of Understanding (MOU) establishing a cooperative relationship between the institutions.
The partnership will include faculty and student exchanges, designing and sharing curriculum, and using online and telecommunications courses as a cooperative mechanism for student learning. The MOU also provided for the possibility of developing joint undergraduate and graduate programs in Public Administration and Public Health.
“SUNY Albany offers a number of signal advantages for our students: excellent academic standards, opportunities for fellowships and internships with the New York State Assembly, and a manageable and inexpensive town that would make it easy for our students to be well received and to find their way,” said President Moulakis. “Central to this partnership is an ambitious initiative to introduce public health education, which would make AUIS a hub not merely for the KRG and Iraq but for the broader region.”

Source: Iraq-BusinessNews.com.

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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.
A wave of 13 car bombs has struck mainly Shia areas in and around the Iraqi capital, Baghdad, killing at least 33 people and injuring more than 150, security and medical officials have said.
A car bomb also targeted a market in the centre of southern city of Basra killing at least three people on Monday, security sources told Al Jazeera.
Al Jazeera’s Jane Arraf reports from Baghdad:

(Source: Al Jazeera)

Source: Iraq-BusinessNews.com.

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Baghdad (AIN) -MP Mansour al-Timimi of the State of Law Coalition called on Monday to dismiss the current security leaders and bring them to justice.
Baghdad and a number of other provinces witnessed on Monday morning, a wave of bombings that claimed dozens of lives.
Timimi said “The concerned authorities must provide security and set urgent and radical solutions to eliminate the terrorist operations including punishing the sides responsible for the terrorist acts and dismissing the security commanders and bring them to justice. ”
He strongly condemned the wave of bombings that shook Baghdad and a number of provinces which led to dozens of deaths and injuries.
AIN has prepared a Casualty Figures where 149 persons have been killed and injured due to the bombings Baghdad witnessed this morning when 11 car bombs exploded in Sadr City, Habibiya, Sha’ab, Kadhmiya, Hurriya, Toubji, Baya’, Shurta Rab’a, Risala and Mahmoudiya neighborhoods.
While 14 people have been wounded when car bomb went off in Khamsa Mile neighborhood to the north of Basra, also Muthanna province witnessed the killing and injuring of 19 persons following two car bombs along with three car bombs in Wasit that resulted in killing three people according to an initial count.
AIN had reported source at the Intelligence Dept as saying “30 car bombs entered Baghdad and the same number in other provinces. ” /