Bill Estes

MP wants Maliki to reveal results of Kuwait agreement; House of Representatives should approve this agrementPosted: March 15, 2012 in Iraqi Dinar/Politics Tags: Chapter VII of the United Nations Charter, Iraq, iraqi list, Iraqi National List, kuwait, Kuwaiti, Maliki, Nouri al-Maliki Climb the Baghdad al-Maliki in the House of Representatives to clarify the results of his visit to Kuwait 15/03/2012 19:31 Baghdad, March 15 / March (Rn) – The Iraqi National List led by Iyad Allawi climb Thursday Prime Minister Nuri al-Maliki in the House of Representatives for the results of his visit to Kuwait. She got all the agreements should be subject to the approval of Parliament. A spokesman for the Iraqi List Haider Mulla, told the Kurdish news agency (Rn) “positive case to solve the outstanding issues between Iraq and its regional and Arab countries .. stay pending issues does not serve the two countries.” Read the rest of this entry » The formation of a government committee representative to activate the law of payment on creditPosted: March 15, 2012 in Iraqi Dinar/Politics Tags: Baghdad, Council of Representatives of Iraq, Infrastructure, Iraq, iraqi, Korean language, Kurdish people, Thursday Baghdad, March 15 / March (Rn) – A member of the Parliamentary Services Committee, on Thursday, it had agreed with the Ministries of Finance and Transport and the Ministry of Municipalities to put the law on credit and pay for his studies in a joint committee formed by the ministries. Said Ihsan al-Awadi told the Kurdish news agency (Rn) that “the Services Committee decided to form a committee of the ministries of finance, transportation and municipalities to submit new proposals to pass a law on the payment on credit.” Read the rest of this entry » Parliamentary Culture: CBI in the process of printing the currency bearing the image of the tragedy of the Kurds FailiPosted: March 15, 2012 in Iraqi Dinar/Politics, RV-O-Meter, Top Headlines Tags: Central bank, Central Bank Iraq, Committee, Currency, Feylis, iran, Iraq, iraqi, Iraqi dinar, Kurdish people, Kurds Faili THURSDAY, MARCH 15 / MARCH 2012 15:15 Twilight News / revealed to the Committee on Culture and the media, Thursday, for the determination of the central bank printed new currency with one of the categories of image embody the “tragedy suffered by the Kurds Alfelaon,” indicating that the direction the central bank to print the currency came the proposal of the General Secretariat of the Council of Ministers. A member of the Committee on Culture and Media Saman Fawzi’s ” Twilight News “that” in memory of the tragedy of the Kurds Faili and to consider the crimes committed against them, crimes of genocide, central bank decided to put a picture embodies the tragedy in the new currency after the application of the deletion of zeros from the Iraqi currency current and Asadr new currency ” . Read the rest of this entry » Iraq, Kuwait agree to convene the second session of the Joint Committee in Baghdad next monthPosted: March 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Baghdad, Iraq, Iraqi Airways, Khawr Abd Allah, kuwait, Kuwaiti, Nouri al-Maliki, United Nation Date: Thursday, 15-03-2012 02: 41 pm Baghdad (newsletter) … Iraq and Kuwait have agreed to hold the second session of the Commission a joint Kuwait-Iraq in Baghdad during the first half of April next, headed by the Foreign Ministers of the two countries. The statement said today: that the Iraqi delegation led by Prime Minister Nouri al-Maliki in his visit Monday to Kuwait for talks with the Emir of Kuwait about the detailed overall issues Iraqi-Kuwaiti relations and reached a number of understandings about the debt settlement company, Iraqi Airways and achievement of a final settlement and cease all proceedings on the Kuwaiti side and legal claims on the company and Iraqi property. Read the rest of this entry » Iraq House of Representatives will reconvene April 3rdPosted: March 15, 2012 in Iraqi Dinar/Politics Thursday, March 15 / March 2012 15:06 House of Representatives lifted its meeting held today under the chairmanship of Osama Najafi its normal in the presence of [170] deputy to the third of next month. According to a parliamentary source told all of Iraq [where] the day that “the House of Representatives today after raising its rating on several projects and the postponement of a number of them to the third month of next April, the parliamentary committees to continue their meetings on Saturday and Sunday next.” Read the rest of this entry » Economist Opinion: Regional tensions, political rivalries have kept dollar high before the dinar; CBI is working hard to increase IQD against the USDPosted: March 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: bank, Central bank, Counterfeit, Dinar, Economy of Iraq, Iraq, iraqi, Iraqi dinar, Sinan Al-Shabibi Date: Thursday, 15-03-2012 12: 17 pm Baghdad (newsletter) …Financial expert noted the existence of Salem aldaini internal and external factors that control the rising US dollar to Iraqi dinar, adding that the Central Bank will shoulder their Bourse because of height during the current period. Aldaini said (News Agency news) on Thursday said that the Central Bank is working hard since the year (2003) to increase the value of the Iraqi dinar against the dollar, making maintaining the price for a long time, but political rivalries and the US withdrawal and other external factors, economic sanctions and international threats to neighbouring States of the country, led to an increase in US dollar to Iraqi dinar. Read the rest of this entry » Iraqi optimism the outcome of talks with KuwaitPosted: March 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Baghdad, Chapter VII of the United Nations Charter, Gulf War, Iraq, Iraqi Airways, kuwait, Kuwaiti, Nouri al-Maliki Baghdad, March 15 (Rn) – has made political parties an Iraqi on Thursday, was optimistic the agreements signed yesterday between Iraq and Kuwait to resolve disputes dating back to the nineties of the last century when he swept the forces of the former regime of Kuwait and occupied and the subsequent issues have taken place after 2003 and of the port of Mubarak and the issue of joint oil wells. The Iraqi government said yesterday it has reached an agreement worth $ 500 million with Kuwait to settle the debt back to the Gulf War prevented the Iraqi Airways to fly to the West, provides for payment of $ 300 million in cash to Kuwait and $ 200 million to establish an airline in common. The theme of Iraqi Airways is part of the long-standing dispute between Iraq and Kuwait on the billions of dollars in damages for invasion of Iraqi President Saddam Hussein of Kuwait in 1990-1991. Read the rest of this entry » IBN: Iraq Resolves Long-Running Disputes With KuwaitPosted: March 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Arab League, Baghdad, Iraq, Iraqi Airways, kuwait, Kuwait Airways, United Nation, United Nations Security Council Iraq announced on Wednesday that it had finalised several agreements with Kuwait on long-running disputes, including the issue of of compensation to Kuwaiti Airways from Iraqi Airways. Under the deal, Iraq will pay Kuwait $300 million in cash and will invest another $200 million in a joint Iraqi-Kuwaiti airline venture, to settle a claim by state-owned Kuwait Airways that Iraq owes it $1.2 billion for planes and parts stolen after the Iraqi invasion of Kuwait in 1990. Read the rest of this entry » CBI: the amount of counterfeit securities compared to a few of the coin issued for circulation in the marketPosted: March 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: bank, Central bank, Counterfeit, Dinar, Economy of Iraq, Iraq, iraqi, Iraqi dinar, Sinan Al-Shabibi Thursday, March 15 / March 2012 12:02 According to Central Bank Governor Sinan Shabibi that the central bank did not indicate a significant increase in the rates of counterfeiting of the Iraqi dinar in the statistics as well as monthly time series of fake from 2004 until 2011. Shabibi said in response to questions directed to him by a member of the Economic Commission parliamentary Hussein Almrobei, obtained by all of Iraq [where] a copy of it, that “the amount of paperwork counterfeit few for the currency-exporting ticker,” noting that “the central bank regulates the induction of the coin Iraqi and consistently for all workers in the field of criticism, including the branches of the bank and all banks. “ Read the rest of this entry » Maliki calls for Kuwaiti businessmen to take advantage of investment opportunities in IraqPosted: March 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Baghdad, Iraq, iraqi, Iraqi Airways, kuwait, Kuwaiti, Maliki, Nouri al-Maliki Thursday, March 15 / March 2012 12:08 Prime Minister Nuri al-Maliki Kuwaiti companies and Kuwaiti businessmen to work in Iraq and take advantage of investment opportunities that are available at the various fields. Maliki said in a speech during his meeting with Kuwaiti businessmen in Kuwait that “our visit to the State of Kuwait made us feel that we are today in a new stage is the stage of cooperation and exchange of interests and to build strong relations and developed by the former regime abused it. Read the rest of this entry » Editorial: Maliki goes to Kuwait but does not talk about major issue; Port of Mubarak?Posted: March 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Hosni Mubarak, Iraq, Iraqi Airways, kuwait, Kuwaiti, Maliki, Nouri al-Maliki, Politics of Iraq Maliki in Kuwait: Do not talk about the “Mother of the differences” … The issue of “port” Mubarak? Posted 15/03/2012 04:12 AM Picked up the media of the Iraqi government information on the “successful visit” to Prime Minister Nuri al-Maliki of Kuwait, asserting that “the visit resulted from the settlement of a file of Iraqi Airways for a financial settlement of $ 500 million, and further agreed on the installation and maintenance of border markers with Kuwait, according to UN resolution No. (833), and allow for Kuwaitis to act on their property in Iraq, provided there is no legal impediment and reciprocity. “ Read the rest of this entry » Nassif calls for Maliki to follow up on what was agreed to during his visit to KuwaitPosted: March 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics Tags: Iraq, kuwait, Kuwaiti, List of Prime Ministers of Kuwait, Maliki, Member of Parliament, Nouri al-Maliki, President of the United States Thursday, March 15 / March 2012 11:43 Called for an MP for the high-mass white Nassif to monitor the implementation of what was agreed upon by Prime Minister Nuri al-Maliki during his recent visit to Kuwait by the committee to not be like previous commissions. Said Nassif in a statement received by all of Iraq [where] a copy of it today, “We are confident that Maliki has a strong will to resolve outstanding issues with Kuwait and to ensure the best interest of Iraq, but the important part of Maliki’s efforts to resolve these files is to follow the implementation of agreed During his recent visit to Kuwait through the Commission not be similar to the previous committees, and that is the subject of follow-up to Him in person if necessary. ” Read the rest of this entry » Member of Parliament asking for a financial conferences and workshops to promote the sector, banksPosted: March 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Central bank, Fiscal policy, Iraq, Najib, Najiba Najib, Private bank, Thursday, United States Senate Committee on Finance Thursday, March 15 / March 2012 12:00 Provided by the parliamentary Finance Committee Najiba Najib request to the Presidency of Parliament to hold conferences and workshops in order to promote the Gaza government and private banks in Iraq. “ Najib said in a statement to all of Iraq [where] the day that “fiscal policy in Iraq needs a major economic reform because of the financial system in Iraq is still a system for Ajriqa to the level of international regulations.” She added that “all states are the consolidation of financial systems to assist in promoting economic and trade sector, noting that” Iraq still needs hard work to improve the rate of fiscal policy. http://bit.ly/AcyrfZ Iraqi Parliament convenes todayPosted: March 15, 2012 in Iraqi Dinar/Politics Tags: Conscription, Council of Representatives, House of Representatives, Iraq, Iraqi Revolutionary Command Council, Jordan, Republic of Iraq, Thursday Parliament held its the 30 deputies in the presence of 170 Editor: BR | SS Thursday 15 March 2012 08:15 GMT The Council of Representatives, Thursday, its the 30, headed by Speaker Osama Najafi and the presence of 170 deputies, while the source confirmed that the parliamentary session will see the first reading of the proposal to amend the law on the federal budget for the current year, and vote on 11 bill. Read the rest of this entry » CBI Daily Currency Auction March 15, 2012: $250.5 millionPosted: March 15, 2012 in Iraqi Dinar/Politics Tags: Auction, Baghdad, Central bank, Central Bank Iraq, Currency, Dinar, Iraq, Iraqi dinar The latest daily currency auction was held in the Central Bank of Iraq on the 15-MAR-2012. The results were as follows: DETAILS NOTES Number of banks 22 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ —– Amount sold at auction price (US$) 250,535,000 Amount purchased at Auction price (US$) —– Total offers for buying (US$) 250,535,000 Total offers for selling (US$) —– CBI Treasury Bill Auction: March 13, 2012Posted: March 15, 2012 in Iraqi Dinar/Politics Tags: Auction, Central Bank Iraq, Iraq, Iraqi dinar, Par value, Security (finance), Uniform price auction, Yields The auction No. C54 for Central Bank of Iraq bills based on a uniform price auction for IQD 150’000’000’000 par value for the bills concluded on 13-3-2012. The total public bidding is IQD 270’000’000’000 and the cut-off yield (the highest yield of the successful bidder) determined by the auction was 5.30%. Read the rest of this entry » Kuwait Newspapers: directions of the Amir of Kuwait for the success of the talks with MalikiPosted: March 15, 2012 in Iraqi Dinar/Politics Tags: Al-Qabas, Baghdad, Iraq, iraqi, Iraqi Airways, kuwait, Maliki, Nouri al-Maliki Thursday, March 15 / March 2012 08:29 Kuwaiti newspapers have expressed considerable interest, published today the visit of Prime Minister Nuri al-Maliki j of Kuwait and declared, quoting the Prime Minister of Kuwait received “instructions to the success of the talks .. Semitic nor obstacles,” referring to the guidance issued by the Emir of Kuwait, personally. The newspaper Al Qabas on its front page a statement of Sheikh Jaber Al-Mubarak after the talks: the «royal directives and the very clear need for the success of this visit through the steps of the positive active», denying the existence of obstacles in front of what is being reached with the Iraqi brothers. Read the rest of this entry » An approaching dust storm caused Maliki’s early departure from KuwaitPosted: March 15, 2012 in Iraqi Dinar/Politics Tags: Al-Maliki, Baghdad, Hosni Mubarak, Iraq, kuwait, Maliki, Nouri al-Maliki, Prime Minister of Iraq Kuwaiti sources: The Secret to leave Kuwait, al-Maliki yesterday instead of today Thursday, March 15 / March 2012 07:34 Kuwaiti sources revealed the secret departure of Prime Minister Nuri al-Maliki Kuwait yesterday instead of today as it was scheduled to visit. The sources said that the success of the talks and agree on all matters, as well as sign Blowing dust storm in Baghdad, accelerated in his return last night. http://bit.ly/w59eCM Zebari: Maliki talk in Kuwait was very successful and the coming period will witness a “very positive development”Posted: March 14, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Baghdad, Emir, Hoshyar Zebari, Iraq, Iraqi Airways, kuwait, Kuwaiti, Nouri al-Maliki Thursday, March 15 / March 2012 06:52 Description and Foreign Minister Hoshyar Zebari held talks Prime Minister Nuri al-Maliki with the Emir of Kuwait and his prime minister as “very successful”. Zebari said in a statement to reporters after a dinner held for the owners last night before Mghaderth Kuwait that these discussions as well as bilateral discussions between Minister of Kuwaitis and Iraqis were in the skies “well and good,” and contributed to the strengthening of bilateral relations, adding that the coming period will witness “a very positive development” of these relationships. Read the rest of this entry » Maliki hails agreement dropping claims for Iraqi Airways and announced agreement on the committees to resolve all the problems with KuwaitPosted: March 14, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Ahmad Al-Jaber Al-Sabah, House of Al-Sabah, Iraq, Iraqi Airways, kuwait, Maliki, Nouri al-Maliki, Saddam Hussein Wednesday, March 14 / March 2012 23:47 Praised Prime Minister Nuri al-Maliki, the two sides signed the Kuwaiti and Iraqi night down on the agreement and provisions for claims of Iraqi Airways, believing it is a step in the right direction in terms of resolving the outstanding issues between the fat. Maliki said in a statement to reporters after the signing of the agreement before leaving Kuwait, “The most important step is our agreement to hold a joint higher committee in addition to the technical committees between the two countries to discuss all these files on the basis of the desire to be resolved,” adding that there are other files “consider accelerating resolved.” Read the rest of this entry » Kuwait extols talks with Iraq as “excellent”Posted: March 14, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines KUWAIT, March 14 (KUNA) — A senior Kuwaiti official hailed Wednesday evening the talks between Iraqi Prime Minister Nouri Al-Maliki and Kuwaiti leaders as being “excellent and in the interest of both brotherly nations’ governments and peoples”. Speaking to reporters following a dinner banquet held in honor of the Iraqi guests, Undersecretary of the Foreign Ministry Khalid Al-Jarallah said the outcomes of talks would come to light in the new few days, and would be in the common interest of both countries. Read the rest of this entry » Maliki: We came to Kuwait hold the sincere intention to find a final solution to all problemsPosted: March 14, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Baghdad, Iraq, kuwait, List of Prime Ministers of Kuwait, Maliki, Nouri al-Maliki, Politics of Iraq, Wednesday Wednesday, March 14 / March 2012 22:38 Prime Minister Nuri al-Maliki said he had “good faith and a strong will and hard to find a final solution to all problems, issues and obstacles left behind by the former regime in its invasion of Kuwait.” Maliki said in a press statement after meeting today with the President of the Kuwaiti National Assembly Ahmad Al-Saadoun said his current visit to Kuwait is an expression of the interest of the Iraqi government the need to strengthen and establish good relations between the two countries against the backdrop of what he had done the previous regime of work and committing crimes against Kuwait during the invasion . Read the rest of this entry » PM Maliki to leave Kuwait after the official one-day visitPosted: March 14, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Ahmad Al-Jaber Al-Sabah, House of Al-Sabah, Iraq, kuwait, Kuwait International Airport, List of Prime Ministers of Kuwait, Maliki, Nouri al-Maliki Wednesday, March 14 / March 2012 In an urgent news bulletin told all of Iraq [where] from Kuwait Prime Minister Nuri al-Maliki, left Kuwait this night back to the home after an official visit lasted one day. It was at the forefront of its depositors on the land at Kuwait International Airport, Sheikh Jaber Mubarak Al-Hamad Al-Sabah, Prime Minister and Deputy Prime Minister and Defense Minister Sheikh Ahmad Khalid Al-Sabah and Deputy Prime Minister and Foreign Minister and Minister of State for Cabinet Affairs Sheikh Sabah Khalid Al Hamad Al-Sabah and Head of Mission of honor accompanying Chancellor and Prime Minister of the Diwan Mohammad Faisal Al-Hajji and a number of sheikhs, ministers, governors, advisers Office of the President Council of Ministers and senior officials of the State and the Office of the Prime Minister and the two countries’ ambassadors. http://bit.ly/xlUTZd Kuwaiti PM: Kuwait willing to settle pending issuesPosted: March 14, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Baghdad, Council of Representatives of Iraq, Hosni Mubarak, Iraq, kuwait, Nouri al-Maliki, Sheikh, Wednesday Wednesday, 14 March 2012 Baghdad (AIN) -The Kuwaiti Premier Sheikh Jabir al-Mubarak, assured that “Kuwait tends to eliminate impediments that hurdle settling the pending issues between the two countries.” A report by the Iraqiya Satellite Channel quoted Mubarak as saying “The Kuwaiti leadership has the tendency to eliminate these impediments.” Read the rest of this entry » Iraq reached an agreement worth $500 million to settle the debt with KuwaitPosted: March 14, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Baghdad, Iraq, Iraqi Airways, kuwait, Kuwaiti, Nouri al-Maliki, Prime Minister of Iraq, Saddam Hussein Erbil, March 14 / March (Rn) – The media advisor to Iraqi Prime Minister Nuri al-Maliki said on Wednesday that Iraq has reached an agreement worth $ 500 million with Kuwait to settle debts dating back to the Gulf War prevented from Iraqi Airways flights to the West. And “Reuters” quotes from ‘Ali al-Musawi of Kuwait, which is visiting Iraqi Prime Minister now, saying that “Iraq will pay under the agreement $ 300 million in cash to Kuwait and will invest another $ 200 million in airline Kuwaiti-Iraqi operation.” Read the rest of this entry » Maliki to discuss with the President of the Kuwaiti National Assembly common issues between the two countries and the latest developments of regionalPosted: March 14, 2012 in Iraqi Dinar/Politics Tags: Ahmed Al-Sadoun, Baghdad, Hoshyar Zebari, Iraq, kuwait, Kuwaiti, Maliki, Nouri al-Maliki Wednesday, March 14 / March 2012 18:45 Prime Minister Nuri al-Maliki with the Kuwaiti National Assembly Speaker Ahmed Al-Sadoun issues of mutual interest. A press release for the management of the media in Parliament that “al-Sadoun, during his meeting with Maliki and his accompanying delegation discussed the latest developments of regional and international as well as issues of concern to both countries.” Read the rest of this entry » Kuwaiti Prime Minister: We have guidance in the Kuwaiti leadership to lift obstacles to resolve outstanding issues between Iraq and KuwaitPosted: March 14, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Baghdad, Hadi Al-Amiri, Hoshyar Zebari, Iraq, kuwait, Kuwaiti, Nouri al-Maliki, Parliamentary Affairs Wednesday, March 14 / March 2012 16:00 Prime Minister of Kuwait Jaber Mubarak Al-Hamad Al-Sabah said Kuwait there is a tendency to lift obstacles to resolve outstanding issues between Iraq and Kuwait. And the transfer of news broadcast by Iraqi satellite channel for the morning to say “We have guidance in the Kuwaiti leadership to lift obstacles to resolve outstanding issues.” Read the rest of this entry » Maliki: to reach an agreement with the Kuwaiti side of the airline and the land borderPosted: March 14, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines Tags: Hoshyar Zebari, House of Al-Sabah, Iraq, kuwait, Kuwaiti, Maliki, Nouri al-Maliki, Parliamentary Affairs Wednesday, March 14 / March 2012 15:40 Aloza Prime Nuri al-Maliki to reach an agreement with the Kuwaiti side of the airline and the land border. The breaking news channel reported that Iraq’s semi-official “Maliki said reaching an agreement with the Kuwaiti side about the airlines and land borders.” Read the rest of this entry » Maliki confirms agreement with Kuwait to resolve the problem with airlinesPosted: March 14, 2012 in Iraqi Dinar/Politics Tags: Baghdad, Hoshyar Zebari, Iraq, Iraqi Airways, kuwait, Kuwaiti, Maliki, Nouri al-Maliki Date: Wednesday, 14-03-2012 03: 53 pm Baghdad (News) Prime Minister Nuri al-Maliki to reach agreement with the Kuwaiti side concerning Iraqi Airways debts and land borders with Kuwait. Channel quoted Maliki as saying: INA that the Iraqi side had reached agreement with the Kuwaiti side about these issues. Read the rest of this entry » Deputy Central Bank Governor: can not reduce the exchange rate of the dollar against the dinar lost two points in the increase of import of goods randomPosted: March 14, 2012 in Iraqi Dinar/Politics Tags: Central bank, Central Bank Iraq, Currency, exchange rate, Iraq, iraqi, Iraqi dinar, United States dollar 14-03-2012 TRANSLATION #1: Ruled out the deputy governor of the Central Bank of the appearance of Mohammed Saleh low exchange rate of U.S. dollar against the Iraqi dinar at least two points in the coming days due to increased random uncontrolled import of goods. Saleh said (of the Agency news) on Wednesday: The central bank sales during the current year has increased by $ (100) million, relative to last year, the sales (150) million dollars a day despite the fact that the market was stable, adding that the sales Central Bank in the auction are now (250) million, equivalent to (73) trillion Iraqi dinars per day and still the U.S. dollar exchange rate higher than the price of the Iraqi dinar colon. Read the rest of this entry »

Reuters) - Iraq has reached a $500 million agreement with Kuwait to resolve a standoff over Gulf War-era debts that had prevented Iraqi Airways from flying to destinations in the West, an aide to Prime Minister Nuri al-Maliki said on Wednesday. Under the deal, Iraq will pay Kuwait $300 million in cash and will invest another $200 million in a joint Iraqi-Kuwaiti airline venture, Maliki's media adviser Ali al-Moussawi told Reuters by telephone from Kuwait where Maliki was on a visit. In return, Kuwait would lift legal actions against Iraqi Airways, he said. In 2010 Kuwait's lawyers tried to seize an Iraqi Airways plane on its first flight to London more than 20 years. The issue of Iraqi Airways debts is one part of a long-running dispute between Iraq and Kuwait over billions of dollars of reparations dating back to Iraqi leader Saddam Hussein's invasion of Kuwait in 1990-91. Saddam's forces seized aircraft and parts during their occupation of Kuwait, before they were driven out in the U.S.-led Gulf War. Iraqi Airways has regular flights to Beirut, Dubai, Tehran and Amman, but legal cases have made it difficult to start flights to European cities without risking its planes being confiscated. Iraq is keen to resolve some of its disputes with Kuwait ahead of a March 27-29 Arab League summit in Baghdad, the first to be held there since before the 1990 invasion. (Reporting by Suadad al-Salhy; Writing by Peter Graff; Editing by David Holmes) Industrials Tweet this Link this Share this Digg this Email Reprints After reading this article, people also read:Iraq's artists lament decline in cultural life Mar 14, 2012 Iraq telco Korek awaits frequency to launch 3G Mar 14, 2012 Exxon, Iraq agree on West Qurna oilfield payments Mar 12, 2012 First tanker leaves new Iraq export terminal Mar 13, 2012 Iraq reaches $500 million airline debt deal with Kuwait Mar 14, 2012 Sponsored links by TaboolaVideos you may like: Ex-Goldman trader starts condom revolutionThu, Mar 15 2012Death squads targeting Iraq's "emo" youthTue, Mar 13 2012A day of bloodshed in IraqFri, Feb 24 2012 From around the web: Iraqi Veteran Shouldn't Have to Fight to Adopt Her Hero Dog (MamasLatinas) Was the Saudi Government Involved in the 9/11 Terror Attacks? (The Daily Beast) Is the Army to blame for the Afghan massacre? (TheWeek) [?] Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.