VIZIOIRAQI Posted August 10, 2011 Report Share Posted August 10, 2011 Iraqi Govt to Announce $Billions of Opportunities in London Iraq Business News is delighted to be choses as the official Media Sponsor of Iraq Mining 2011. Billions of dollars worth of investment opportunities are expected to be announced by Iraq’s Minister of Industry and Minerals, H.E. Mr Ahmad Nassir Al-Karbooli (pictured), on 7 September at Iraq Mining 2011 in London, at a conference on Iraq industry and materials, including petrochemicals, cement, steel, fertilisers, minerals and construction materials. Investment contracts in these sectors are likely to be presented. Key Confirmed Attendees and Speakers: H.E. Ahmed Nassir Al Karbooli, Minister of Industry and Minerals Dr. Sami Al Araji, Chairman, Iraq National Investment Commission Dr. Qusay Al-Souhail, First Deputy President of Iraq Parliament H.E. Thamir Ghadhban, Chairman of the Advisory Commission to the Prime Minister Dr. Ahmed al-Shamma, Deputy Minister of Oil H.E. Ali al-Adeeb, Minister of Higher Education and Scientific Research H.E. Abdul-Kareem al-Sammaraei, Minister of Science and Technology H.E. Dr Ali al-Dabagh, Minister of State Dr. Kamal H. Latif, Deputy Minister of Environment Dr. Sinan al-Shabibi, Governor of Central Bank of Iraq The event will also see the unveiling of the most comprehensive geological survey ever conducted on Iraq by the US Geological Survey and Iraq Geosurv. The rigorous study was undertaken over a seven year period and will reveal Iraq’s hidden potential for the first time. At the two day conference, from 7 – 8 September, the Ministry of Industry and Minerals will be presenting its strategy for creating world-class mining, mineral and material industries in Iraq, which will include PPP schemes and the privatisation of major industries. Plenary sessions and workshops led by the heads of Iraq’s minerals and materials’ industries will also take place, providing opportunities for delegates to discover Iraq’s vast investment opportunities. Other senior Iraq government officials present will include the First Deputy President of the Iraq Parliament, the Chairman of the Advisory Commission to the Prime Minister, Deputy Ministers, Senior Advisors, Director Generals and the Governor of the Central Bank of Iraq as well as top representatives from the banking, business and education sectors – all attending with the sole purpose of carrying out business with potential foreign investors. Dr Abbas al-Hussaini, CEO of Iraq Mining, said: “Iraq Mining 2011 is the culmination of over two years planning to produce the first ever Iraq event to not only showcase Iraq’s mineral wealth, but to create a platform whereby international investors can engage with high level Iraqi decision-makers here in the world’s finance capital – London.” Iraq Mining 2011 has been organised in conjunction with the National Investment Commission of Iraq (NIC), whose role is to support Iraq’s substantial re-engagement with investors from around the world. The NIC has devised generous incentives for foreign investors, who qualify, including: 10 years tax exception; the repatriation of profits from investments; and a three year exemption from import fees for required equipment and materials. “Iraq is well known for its significant oil and gas reserves but few are aware that it’s rich in minerals,” said Dr Abbas al-Hussaini. “The Mishraq native sulfur deposit in northern Iraq, for example, is the largest known occurrence of stratiform bioepigeneticsulfur making Iraq a potential world leader in sulfur production. After decades of underinvestment, due to conflict and sanctions, Iraq is now actively seeking international investment and expertise to help rebuild its world-class mining, mineral, and material industries.” This year, foreign investment in Iraq is set to double from $42 billion in 2010, to an estimated $80 billion in 2011, with investment in Iraq already totalling $45 billion so far this year. With such attractive investment incentives and growing confidence in Iraq’s stability, the country is fast gaining recognition as an important and exciting market for foreign investors. http://www.iraq-businessnews.com/2011/08/10/iraqi-govt-to-announce-billions-of-opportunities-in-london/ 11 Link to comment Share on other sites More sharing options...
sgtsanders Posted August 10, 2011 Report Share Posted August 10, 2011 Nothing but good news in this article.... 1 Link to comment Share on other sites More sharing options...
DesertEagle Posted August 10, 2011 Report Share Posted August 10, 2011 Thanks Vizio, def shows they are working during Ramadan....good news 1 Link to comment Share on other sites More sharing options...
Deltori Posted August 10, 2011 Report Share Posted August 10, 2011 Good Stuff! 1 Link to comment Share on other sites More sharing options...
cisole Posted August 10, 2011 Report Share Posted August 10, 2011 thanks for the post VIZIOIRAQI 1 Link to comment Share on other sites More sharing options...
Darren77th Posted August 10, 2011 Report Share Posted August 10, 2011 This shows how the country is becoming more stable and will in turn grow more confidence with investers. This is a must if are to see any kind revalue. I think we may be getting real close just not quite yet 1 Link to comment Share on other sites More sharing options...
redsand Posted August 10, 2011 Report Share Posted August 10, 2011 Sweet stuff Viz. They have been working at it for 7 years. 1 Link to comment Share on other sites More sharing options...
Laid Back Posted August 10, 2011 Report Share Posted August 10, 2011 Good news Thanks for the post Vizioiraqi 1 Link to comment Share on other sites More sharing options...
acceb75 Posted August 11, 2011 Report Share Posted August 11, 2011 (edited) This is more telling than I originally thought. If they have all of these resources in addition to oil, and 80% of their currency is allowed to be backed by commodities rather than just physical currency doesn't this blow the argument that their M2 won't support an RV right out of the water? “Iraq is well known for its significant oil and gas reserves but few are aware that it’s rich in minerals,” said Dr Abbas al-Hussaini. “The Mishraq native sulfur deposit in northern Iraq, for example, is the largest known occurrence of stratiform bioepigeneticsulfur making Iraq a potential world leader in sulfur production. After decades of underinvestment, due to conflict and sanctions, Iraq is now actively seeking international investment and expertise to help rebuild its world-class mining, mineral, and material industries.” Read more: Reading this paragraph makes me think it is now out of sanctions. Could it be????? Edited August 11, 2011 by acceb75 2 Link to comment Share on other sites More sharing options...
Papster Posted August 11, 2011 Report Share Posted August 11, 2011 Wow.....thanks VIZIO.......this is awesome.....it keeps getting better.......GO DINAR 2 Link to comment Share on other sites More sharing options...
thatoneguy Posted August 11, 2011 Report Share Posted August 11, 2011 I like it a lawt. BLACK GOLD, BLACK GOLD, BLACK GOLD! Cement? Well, Okay. Just had to reread that post again. Ya think there is such a thing as "Arab Git'R Dun'r's"? Gonna have to be with all those resources. Git R Dun! Just had to reread that post again. Ya think there is such a thing as "Arab Git'R Dun'r's"? Gonna have to be with all those resources. Git R Dun! 1 Link to comment Share on other sites More sharing options...
VIZIOIRAQI Posted September 4, 2011 Author Report Share Posted September 4, 2011 Ok Bumping this UP People . This is what we want to see!!! 2 Link to comment Share on other sites More sharing options...
RVDinar4MyFamily Posted September 4, 2011 Report Share Posted September 4, 2011 Ok Bumping this UP People . This is what we want to see!!! It is a good thing Viz, Iraq's known for oil and gas, now add to that mining of minerals and you increase the GDP a good 20-30 % in some estimations. It will be interesting to see what this "reveal" is on the 7th 1 Link to comment Share on other sites More sharing options...
TFK Posted September 4, 2011 Report Share Posted September 4, 2011 Ok Bumping this UP People . This is what we want to see!!! Ya, when I first saw this post about a month ago, it was exciting. Now, to see it about to start in London right after this long weekend, and Iraq's extra long weekend... I'm getting a little excited. They can't do all they speak about at this conference without having a solid currency that is internationally traded... and that's not from me, that's how the IMF and World Bank work. 1 Link to comment Share on other sites More sharing options...
dacraigo Posted September 5, 2011 Report Share Posted September 5, 2011 This article is so awesome, it will show what everyone in this investment already knows. Gotta love it GO RV!!!! Link to comment Share on other sites More sharing options...
tilak Posted September 5, 2011 Report Share Posted September 5, 2011 I love this article. This solidifies what Hillarious Clinton was saying earlier. http://www.state.gov/r/pa/prs/ps/2011/06/164811.htm 1 Link to comment Share on other sites More sharing options...
make11 Posted September 5, 2011 Report Share Posted September 5, 2011 This is excellent news...very exciting to hear later this week of the magnitude of Iraq's resources. Link to comment Share on other sites More sharing options...
Brisco Posted September 5, 2011 Report Share Posted September 5, 2011 BOOM BABY This Just Keeps getting BETTER & BETTER. 10th of August no less, This means they have known their Dinar will be the MOST VALUABLE in the ME for at least a Month SOMETHING REALLY COOL THIS WAY COMES? Can you say Lopsters & A Low value are blown out of the water? GOOD FIND VIZIO 1 Link to comment Share on other sites More sharing options...
Bumper64 Posted September 5, 2011 Report Share Posted September 5, 2011 Ok Bumping this UP People . This is what we want to see!!! Great find brother! Love it! Link to comment Share on other sites More sharing options...
leanonme Posted September 5, 2011 Report Share Posted September 5, 2011 Sounds like good news = mo money! Link to comment Share on other sites More sharing options...
Nelson0528 Posted September 5, 2011 Report Share Posted September 5, 2011 How so? Its certainly good news for Iraq. The strength of the currency flows from the strength of the economy so the faster it grows the better. But I see no reason to think this means it will not RD or that it will RV in a big way. Lets say this program goes gang busters even next year and grows GDP by 30% (which would be huge) if M2 growth stays below (its current) 12% then maybe a 20% RV might be in order. But that is the low value sort of thing you say is blow out of the water. +1 - Thanks for the polite, pallatable and plausible response. Negs for an opinion that is not vulger, overbearing, or rude?... come on people, really!!!! Thanks for keepin' it real xyzzy!! Respect... 2 Link to comment Share on other sites More sharing options...
zaborniake Posted September 7, 2011 Report Share Posted September 7, 2011 Bump. I'm hoping to see some real numbers regarding those underground assets. Link to comment Share on other sites More sharing options...
Spud Posted September 7, 2011 Report Share Posted September 7, 2011 I cant wait to see what comes out of this. I have felt that this is the smoking gun that all of the lopsters have been ignoring. Don't have to wait long on this one, it's happening tomarrow! Link to comment Share on other sites More sharing options...
Danneedsrvnow Posted September 12, 2011 Report Share Posted September 12, 2011 Bump. I'm hoping to see some real numbers regarding those underground assets. I am bumping as well. I am guessing we have not seen any article yet on the outcome......I know I have not read anything. Link to comment Share on other sites More sharing options...
zaborniake Posted September 12, 2011 Report Share Posted September 12, 2011 Maybe BL will dig something up. Link to comment Share on other sites More sharing options...
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