Dinar_o'saurs

Posted on Monday, July 15 / July 2013 11:35 Baghdad Shaima Rasheed / morning Ruled out of the Legal Committee in the House of Representatives to pass a law parties during the current legislative term. While the Committee stressed the importance of the role of the law in drawing a clear picture about the structure of political parties in the country, Ezzat blocking legislation to the absence of a political agreement for approval along with the attitude of some anti blocs to pass. He knew the law of parties, the political party that «all Iraqi group organized on the basis of common principles and objectives contribute to the formation of the political will at the federal level or the regions and governorates not organized province and participate in public affairs and seek to participate in elections and referendums to achieve specific programs concerning political affairs, economic or social or cultural life of the State and exercise its democratic means to peaceful transfer of power or participating in ». Committee member of the Iraqi List Raad Dahlaki ruled that the law is approved parties during the current parliamentary session due to the political atmosphere and find out some big blocks against the legislation. Dahlaki said in an interview »Center Brief for the Iraqi Media Network, 'it' parties law has been sent to the Presidency for a vote after it is completed and put his key points. He favored the deputy, but finds the law heeded him under the political climate of current and non-convergence of the blocks in a lot of things, especially that there are laws simple did not get a political consensus so far, how the law parties who do not have enough space to put pressure on the blocks in order to pass. He pointed to the unwillingness of some parties to pass this law, attributing the block parties of the law that he gives the methodology in the formation of political parties and to identify and imports also determines the mechanism of action and the necessary conditions in the parties, as well as detect receivables finance them, noting that many of the parties refuses to be under the microscope and prefer work without supervision. Dahlaki said that the parties law will not be working during the next election because the current trend towards expediting the election law legislation. The majority of political parties exercise currently work according to the law of the civil governor of Paul Bremer and the procedures described by observers as «inaccurate», especially that there are dozens of registered parties won the very small number of voters during the last election, in addition to their headquarters in the province or provinces which is contrary to the new law. In spite of the tightening member of the Legal Committee for the rule of law Jinan Prism on the importance of expediting the parties to pass a law, but it Dahlaki counterpart in the shared expectations not to pass the law during this legislative term to the lack of political agreement on it. She Attorney's »Center Brief for the Iraqi Media Network» that «the parties law has been read twice and has been discussed in the House of Representatives and took the views of all the political blocs on it but the law needs to be a political consensus to pass and give the blocks opinion which unequivocally, especially since the vocabulary wide». It showed Prism that the law is important in terms determined to form political parties and imports, financing and engaging in the political process and elections, as well as the existence of material relating to the systems internal to these parties is important topics need to be carefully studied by the political blocs because it is the political face of the Iraqi state. She drew the MP that the law is of discussion between the political blocs in order agreed upon because of the existence of laws precede such as the law of the Federal Court and the Justice and Accountability Law, indicating that this law need time to agree upon, telltale that the parties law will not affect the elections despite its importance, which require passed with the election law. And ended the House of Representatives recently to discuss the law of political parties, as it confirmed the Legal Committee had been held several workshops on the law, in addition to the views and proposals of Representatives, which has contributed significantly to be a clear vision of the nature of the amendments will be made to the draft law, as noted President Parliament Osama Najafi bill that satisfies all parties views allowing the display to a vote soon.

After reading this..........

I have no words......

Author: admin on: Sun 14/07/2013 10:58 pm Juba - Follow-up: Warned the leader of the Islamic Supreme Council Member of the parliamentary oil and gas Furat al-Shara that failure to approve oil and gas law will deepen the crisis between Baghdad and Erbil, as well as the rest of the provinces with the new amendments to Law No. 21 folders councils.

Baghdad / Baghdadi news / .. denied the Iraqi List MP Free Zuhair al-Araji, Sunday, heading towards the vote on the basket and one of the laws or bind another law to vote on both. They said in a statement to / Baghdadi news / that "there are attempts by the dominant major political blocs on the resolution in Parliament to push passage of laws per basket and the most important of these laws criminalizing law Baath Party and the law of infrastructure for oil and gas law and Article 140 He added that "these attempts have become visible and strive to keep the House of Representatives for such things, expressing optimism about the adoption of the amnesty law in the current legislative session, despite admitting the existence of substantial differences on it." Ended 21 m

BAGHDAD / not / Asked a member of the Commission on oil and energy parliamentary, Fatima Hamidi, the committees formed between Baghdad - Erbil giving priority in حواراتهما of the oil and gas law. Hamidi said in a That "one of the most important sticking points between the Governments of the center and the region is oil and gas law, as the dispute over the law has existed since the previous session and so far, so it is essential that the law be approved as soon as possible." She added that "failure to approve oil and gas law will lead to wasting in the oil wealth, and the lack of Mainzm process of export and investment in the oil sector," indicating that "the law of oil and gas will greatly contribute to the process of maintaining the oil wealth."

Know exactly what your saying LGD seems that things are changing globally and now what China HAS made off of us has created the new middle class in the East and looks like they're trying to stand on their own two feet. One thing that is catching up to them is their excessive lending that they have been doing for the last ten years or so. If anything, China's low numbers hold true what may happen is the equities market will take it on the chin and Europe may start a mad selling spree which in turn will bring down our equities market. Hopefully China's weak numbers won't rock the markets that bad or Iraq comes through! If not, the $85 Billion the Feds been pumping may have to be amped up. Peace..... Check out Changing Fortunes New Patterns of Wealth. The game appears to be changing.

China's on the ropes, they got to do something. Their GDP numbers are slipping, bad! Bloomberg excerpt..... GDP ReportThe statistics bureau reports second-quarter gross domestic product on July 15, with the median estimate of analysts for a 7.5 percent increase from last year. First-half expansion was probably below 7.7 percent “but not too far from it,” Lou said. Lou ruled out the possibility of widening the budget deficit to stimulate the economy. Instead, policy makers have decided to cut the spending of central government agencies by 5 percent, and may use the savings to reduce taxes or increase spending on measures to support jobs and growth, he said. “I want to emphasize that the structural economic adjustment is a painful process,” Lou said. “It won’t be possible to enjoy a comfortable life and a rapid growth rate with the structural adjustment.” Lou said China shared its plan for further reforms with U.S. officials during the meetings, Lou said. China Rongsheng Heavy Industries Group Holdings Ltd. (1101), the nation’s biggest shipyard outside state control, said this month it’s seeking financial help from the government, as the nation’s shipowners association forecast a slump in vessel orders will run through next year.

Mark- Good point on the board members; I was thinking the same thing regarding the amped up auctions. I had to pull the WSJ article that Joel referred to about Shabibi revaluing the currency. The Journal quotes him different, I posted the paragraph at the end.

Tuesday, July 9, 2013 In June 2013, the controversy surrounding the Central Bank of Iraq returned to the news. Back in October 2012, the governor of the bank and many of his top officials faced arrest warrants over wasting government funds by not properly overseeing its weekly money auctions. The former deputy governor of the bank recently went to the press attacking the case against him and others as the work of political parties who were trying to manipulate the country’s finances for their own gain. Several politicians are concerned about the new management of the bank as well. They are worried about stories of money manipulations and laundering through the weekly auctions, which were the same reasons why the former bank officials were charged. The story shows that the reason why the previous bank leadership was removed might have been to stop them from trying to control the currency since so many are profiting from its current lax regulation. Former Deputy Governor of the Central Bank Salah accused political parties being behind the charges that he other bank officials face (Al Masalah) Former Deputy Governor of the Central Bank of Iraq Matheher Mohammed Mudher Salah blamed political parties for interfering with the running of the bank in an article published in Al-Mada in June 2013. Last year, Salah, and 29 other bank officials received arrest warrants. He was detained, and released on bail in March. The case against the group involved the wasting of government funds, and the decline of the value of the dinar due to the weekly auctions the bank held. Salah claimed there was never an investigation to check whether the charges against him and the others were true or not. He went on to accuse the new bank administration of having more money auctions than the old leadership did, which was only making the situation worse with regards to the value of the currency. In the end, Salah said that political parties were behind the removal of the bank officials, so that loyalists could be placed in charge of the bank. Three days before, a parliamentary source told Al Rafidayn that the investigation into the Bank was done, and that likely only seven officials would go to court including former Bank Governor Sinan Shabibi who would be tried in absentia as he was out of the country when his arrest warrant was issued, and he has not returned as a result. The others are a member of the Board of Directors, an adviser to the bank, the assistant to the director general of the money laundering department, the director of accounts, and the general manager of banking and credit, all of which had been arrested and held for months with no charges until being released around June. The Central Bank case was controversial from the beginning. Many saw it as a power grab by Prime Minister Nouri al-Maliki. It’s his State of Law that Salah is probably accusing of interfering with the bank’s operation. The way the case came about was what raised questions about it. Former Central Bank Governor Shabibi had a number of disagreements with Premier Maliki over bank policy including whether to regulate the weekly money auctions more (AP) Governor Shabibi had a number of differences with Prime Minister Maliki, and it was a group of his supporters that later brought charges against the bank. Originally, the finance committee started to look into the Central Bank’s monetary policy. Later, another committee was formed that came up with a case against Shabibi and the other bank officials without the finance committee’s knowledge. The new committee was led by the deputy speaker of parliament Qusay Abdul Wahab Suhail from the Sadr bloc, two State of Law members, and one member of the Board of Supreme Audit. Arrest warrants were then issued in October 2012. One member of the original investigative committee said they found no improprieties, while the integrity committee claimed that Shabibi was being targeted, because he turned down a request by Maliki for money to help finance the government. Beforehand, the premier asked to have access to part of the Iraqi Federal Reserve managed by the Central Bank, and also wanted it to help fund power plants outside of the national budget. Shabibi refused. The governor was also trying to stem the flow of dollars being sold at auctions, which was opposed by the prime minister. The bank believed that there was money laundering and smuggling going on through those auctions, which it said was the work of high-level politicians. Finally, Maliki was opposed to Shabibi’s plans to revalue the dinar. All together there was plenty to point to the charges against the bank officials being political. The committee that made the case against Shabibi and the others was led by Deputy Speaker Suhail who was recently accused of being too close to the prime minister by Moqtada al-Sadr who tried to force him to resign. That meant three of the four committee members were pro-Maliki. Second, Shabibi and the premier were at odds over a number of major issues, which would give him motivation to get rid of the governor. Last, Maliki has used corruption charges to get rid of a number of independent officials who stood in his way in the recent past, so the Shabibi case would just be another example of that. To add to the matter, there are complaints that the new bank administration is doing exactly what Shabibi and the others were charged with. There are continued concerns about the decline in the value of the dinar, and the increasing number of dollars being sold at auctions. Money smugglers, political parties, Iran and Syria, and bank officials have all been accused of manipulating the auctions for their own gain. The Board of Supreme Audit claimed that up to $800 million was being smuggled out of the country as a result. Iran and Syria are involved, because they are trying to get around international sanctions, which are cutting off their access to hard currency, by buying up dollars in neighboring Iraq. For the money launderers, politicians, and bank officials they are just in it for the profit. Another issue is that state-run banks are charging higher prices to exchange dinars for dollars to maintain the value of the currency than money exchangers are, and people are using that difference to make a profit. For example, at the end of May one dollar was going for around 1,900 dinars at public banks, but 1,200 dinars at money exchanges. That meant someone could take a dollar to a state-run bank and get 1,900 dinars, and then buy a dollar at a money exchange for only 1,200 dinars making a 700 dinar profit. Members of parliament want to question acting Central Bank Governor Abdul Basit Turki what he is doing about these issues. If the reason why Shabibi and the others had arrest warrants issued for them was the money auctions, and the decline in the value of the dinar then the current management should be charged as well. All the problems that existed under the old leadership are continuing with the new one except at a seemingly larger scale. That might have been Maliki’s reason to get rid of Shabibi who was trying to stem the flow of dollars and hold the currency at a stable rate. The premier opposed these actions, because his followers and other political parties were profiting from them, and he didn’t want that to stop. Rather than stemming corruption the bank officials might have been charged to allow it to continue. Prime Minister Maliki has been trying to gain control of Iraq’s independent institutions for the last few years. The move against the Central Bank of Iraq was part of that effort. Like with the heads of the Integrity Commission and the Election Commission, Governor Shabibi was charged with corruption. The case was formulated by a number of supporters of the premier, and the charges were very questionable since the governor was attempting to stop the very issues included in his arrest warrant. That ultimately might have led to Shabibi’s removal, as the prime minister seems happy with the current status quo that allows politicians, gangs, and foreign countries to continue to manipulate bank auctions. In the longer term it is important to find out whether Maliki also succeeded in gaining access to the country’s reserves and obtained financing for development projects. Since there’s little transparency in the Iraqi government it might be months or years before the larger implications of the Central Bank case are known. "In an interview with The Wall Street Journal at the end of May, Mr. Shabibi said he was facing difficulties launching a redenomination of the Iraqi dinar owing to government objections. "There were some reservations by some colleagues, and the council of ministers said that we should hold off," said at the time the soft-spoken Mr. Shabibi, who hails from a prominent Baghdadi Shiite merchant family." http://online.wsj.com/article/SB10000872396390444354004578060842607619044.html

I had to bump you on the "drunken Arabic" statement and + you on your breakdown. Thanks!

Happy 4th of July everyone!!!!

dontlop, could be a "false positive". If you're using java, may I recommend using JavaRa. Sometimes when you install the newer java version there may be conflicts in the registry or directories, this will remove the old files in the JRE. PS... thanks for your contribution here. 'D'

TORONTO--Canadian banking, government and financial officials are in the beginning stage of discussions on whether to set up Toronto as a major offshore hub for the Chinese yuan, said a senior official who attended the first meeting. Janet Ecker, president and CEO of Toronto Financial Service Alliance, said a group of Canadian and Chinese officials met last week to discuss whether it would be feasible for Toronto to establish an offshore trading hub for the yuan. The purpose of the meeting was to bring together stakeholders who would have the relevant expertise and would be involved in deciding if it would go to the next step, said Ms. Ecker, who attended the meeting in Toronto. Ms. Ecker said the meeting was prompted by the growing trade between China and Canada, as well as observing how other global financial centers have already been "quite assertive" in establishing offshore yuan trading hubs. No formal decision has been made whether an offshore trading hub would work in Toronto, Ms. Ecker said. "We are currently assessing the feedback," she said. Last Monday, Bank of England and the People's Bank of China agreed to swap their respective currencies to help facilitate yuan trading in London by ensuring that banks there would have access to liquidity from central bank funds. Other major financial centers, including Hong Kong and Singapore, have also established themselves as major offshore yuan trading hubs as the use of the Chinese currency for settlement purposes becomes increasingly common. Ms. Ecker declined to comment on who attended the meetings, but added that Chinese banking and financial officials attended the meeting as well. Spokespeople from the Bank of Canada, Royal Bank of Canada (RY), Bank of Montreal (BMO), Toronto-Dominion Bank (TD) and the Canadian Imperial Bank of Commerce (CM) declined to comment on the meeting. Spokespeople from the Bank of Nova Scotia (BNS) and the Department of Finance couldn't be reached for comment.

It took me awhile but I believe I found the broadcast that you referred to leftmeforbuyingiqd. I'm listening now and it is a Q & A with Stuart Bowen, Special Inspector General for Iraq. Speaking about the mishandling of $600 Billion in Iraq. Its only a minute or two. Podcast TexasGranny if you see this, thanks for correcting my links in the other thread.

Pretty slick.... this is our future! Hadley Malcolm, USA TODAY 6:18 a.m. EDT June 28, 2013 A new player has emerged at the forefront of mobile banking with the hopes of capturing the nation's youngest banking audience and setting the tone for what it means to bank virtually. Launched to the public on Tuesday, GoBank is the first bank designed specifically for mobile use. All functionality is available through its app, everything from opening your account to paying bills to managing your budget. The bank, which is FDIC-insured, offers both a checking and savings account, a debit card, mobile check deposit, bill pay, person-to-person payments, a budgeting tool, direct deposit, and a network of 42,000 ATMs. And what may prove to be most appealing to potential customers: There are no fees for anything. There are no overdraft fees, no ATM fees, no minimum balance requirement, free person-to-person payments no matter what bank the recipient uses, and free bill pay. In fact, GoBank shuns perhaps the most irritating part of being a bank customer in recent years and takes it to the opposite extreme: Customers get to decide how much they will pay each month for the service. They can set the amount between $0 and $9 a month. The "pay what you want" fee structure is part of CEO Steve Streit's way of being customer-centric. "We work for tips," he says. "The downside is nobody may pay us anything. But I think most people will pay us something." Created with the burgeoning Millennial customer in mind, GoBank's mobile-only strategy takes advantage of the ability to focus solely on a clean, intuitive app over the development of thousands of branches, and appeals to the digital way of life that comes naturally to the country's youngest adults. GoBank has been in beta testing since January, acquiring fewer than 10,000 customers by invitation only between then and now. While the test period attracted users between the ages of 35 and 45, Streit expects that to drop to the 20- to 35-year-old range now that the app is open to the public. The bank is being especially marketed to college students, with a partnership that will include promotional displays in 555 of the nearly 700 college bookstores operated by Barnes & Noble. "It's the ultimate account for someone new to banking because you can't screw it up," says Streit, who also adds that he thinks the mobile bank will be appealing to a younger crowd who is "old enough to have a job but young enough" to not consider branch-based banking the norm. Indeed, GoBank seems to be tapping into a growing trend toward branch-less banking among its target audience. A Federal Reserve survey from last March found that while those 18 to 29 make up 22.4% of all mobile phone users, they account for 44% of mobile banking users. Though data show that online banking is still preferred. A survey out last month from Market Rates Insight shows that just 6% of Gen Y respondents indicated mobile banking as their preferred method of banking. "It's still a technology that's in the beginning stages of catching on, so for them to create a whole bank account around it is bold," says Claes Bell, a senior banking analyst with Bankrate.com, of GoBank. "This is going to be a test of how willing people are to bank through this channel." Bell also questions whether GoBank will be able to maintain such a lenient fee structure. "I think at some point they'll come up with a hard price," he says. "Maybe people will sign up and want to pay $5 or $7 or $9, but I think a lot of people will sign up and say, hey I'd rather pay $0. But I do think it's a good way to get people in the door." The new bank reminds some of a cross between the best of mobile apps and the features many prepaid cards have started offering, which makes sense coming from Streit, who created the Green Dot prepaid card 14 years ago. "It's sort of part of a new breed of financial products," says Karen Biddle-Andres, director of networks at the Center for Financial Services Innovation. "It's a traditional bank account that's really dressed up with a lot of the feature functionality and user experience prepaid cards have actually been testing and developing — a great mobile experience, some really cool budgeting features. That's where financial services is going." You can log on to GoBank.com, but it's designed for mobile use.(Photo: GoBank.com)

Apparently SA was the last of the GCC to align themselves with Kuwait who shifted in Sept. of 07. Oman, May 1 of this year, while the UAE, Bahrain and Qatar realigned their weekends back in Sept. of 06.

SLAMABAD- Pakistan is all set to seek a bailout package of up to $5 billion from the International Monetary Fund to repay its loans as the IMF team is arriving Islamabad tonight on a five-day visit. Sources say that during the first phase Pakistan and IMF would talk about the Post Programme Monitoring (PPM) and later a bailout package of $3 to $5 billion would be sought to repay loans. Pakistan has to pay loans of $3 billion to the Fund during the financial year 2013-2014 for which the country needs foreign reserves. “We will never accept any loan programme if IMF links it with quarterly increase in gas and power tariff”, said a Finance Ministry official. He added that Pakistan would take loan on easy conditions. He said that Pakistan would seek to get Letter of Comfort (LoC) from the IMF after assessment of economic situation that would help in getting loans from the Asian Development Bank (ADB) and World Bank (WB). Talking about the alternative plan, the official said ‘we have also plan B that would help in generating foreign reserves of $3 billion to repay the loans. He added that Pakistan would receive $1 billion by auctioning 3G licenses, $800 million was due on Etisalat against the privatisation of the Pakistan Telecommunication Company Limited (PTCL) and $1.2 billion was due under the coalition support fund of the United States. Finance Minister Ishaq Dar had said on Thursday that a new package would be negotiated with the IMF— but on Pakistan’s terms. Addressing the post-budget press conference, the finance minister said Pakistan will negotiate a new programme with the Fund to obtain a loan for meeting its obligations towards the institution, but “national interests” will not be compromised. Dar said in its visit from June 19, the IMF mission would also review the country’s ability to pay back the earlier obtained loans. “Talks will also be held for a programme but on terms and conditions of Pakistan,” said Dar. The IMF’s dictation will not be accepted, he added. “We will take loans to the extent we owe to the IMF.” Pakistan had earlier obtained an $8 billion loan and has paid back $3.7 billion, leaving it with a balance of roughly $4.3 billion. The finance minister said there was no harm in obtaining loans to the extent of paying back earlier loans. In November 2008, Pakistan had signed an $11.3 billion programme with the IMF to avoid possible bankruptcy. However, the monetary body prematurely terminated the arrangement following Pakistan’s inability to initiate crucial fiscal and energy reforms. The budget 2013-14 carried the required level of fiscal adjustments that IMF had demanded.

The G8 summit in Enniskillen, Co Fermanagh has finished, with leaders agreeing on a series of measures on tax, trade and transparency which they hope will boost economies in the developed and developing world. In a document known as the Lough Erne Declaration, they committed themselves to a range of measures that could end the secrecy in tax havens. It is hoped the commitments will also help developing countries keep more of their own tax revenues. It said tax authorities across the world should automatically share information to fight the scourge of tax evasion. Countries should also change rules that let companies shift their profits across borders to avoid taxes. The declaration also states that multinationals should report to tax authorities what tax they pay where. There was less agreement on Syria. While all eight leaders signed up to a call for new peace talks and a UN investigation into claims the Syrian army has used chemical weapons, there was no agreement that a political transition in Syria should mean the end of President Bashar Al-Assad’s rule. The leaders said only that a transitional government must be formed by "mutual consent" between the different sides of Syrian society. They also made clear that Syria's military and security forces will be allowed to remain intact following a transition of power. Russian President Vladimir Putin said that sending weapons to Syrian rebels could backfire, saying the arms could one day end up being used in Europe. He defended Russia's own military contacts with Syria, saying he could not rule out new arms contracts with the government. Taoiseach Enda Kenny was back in Enniskillen today and walked briefly in the grounds of the hotel with Mr Cameron and US President Barack Obama. Earlier, the Executive Director of Trócaire said today's talks at the summit could represent a real opportunity for the developing world. Speaking to RTÉ's Morning Ireland, Justin Kilcullen claimed the resources of many African countries were been "stolen from under their noses" by multi-national corporations and "sweetheart tax deals". Mr Kilcullen said this could be stopped if the G8 leaders were to make progress on the areas of transparency and taxation. "This is a real opportunity today for the developing world," he said. "We have seen in the western countries now how multi-national companies have been able to rob our revenues from us by moving money around the country and not paying taxes. "The people in the developing world have been saying this for the last 20 years. " Elsewhere, a small crowd of anti-G8 activists marched to the headquarters of the American Chamber of Commerce in Dublin this afternoon to protest at the organisation's influence on Government policy. Link LOUGH ERNE DECLARATION Private enterprise drives growth, reduces poverty, and creates jobs and prosperity for people around the world. Governments have a special responsibility to make proper rules and promote good governance. Fair taxes, increased transparency and open trade are vital drivers of this. We will make areal difference by doing the following: 1.Tax authorities across the world should automatically share information to fight the scourge of tax evasion. 2.Countries should change rules that let companies shift their profits across borders to avoid taxes, and multinationals should report to tax authorities what tax they pay where. 3.Companies should know who really owns them and tax collectors and law enforcers should be able to obtain this information easily. 4.Developing countries should have the information and capacity to collect the taxes owed them–and other countries have a duty to help them. 5.Extractive companies should report payments to all governments- and governments should publish income from such companies. 6.Minerals should be sourced legitimately, not plundered from conflict zones. 7.Land transactions should be transparent, respecting the property rights of local communities. 8.Governments should roll back protectionism and agree new trade deals that boost jobs and growth worldwide. 9.Governments should cut wasteful bureaucracy at borders and make it easier and quicker to move goods between developing countries. 10.Governments should publish information on laws, budgets, spending, national statistics, elections and government contracts in a way that is easy to read and reuse, so that citizens can hold them to account. 18 June 2013

Electronic integrity - Baghdad Revealed by the Executive Director of the Association of private banks in Iraq, Abdul Aziz Hassoun cash surpluses that were in the five large private banks the end of last year (31/12/2012) up to 3.2 trillion dinars increased to 4.7 trillion dinars in the first half of this year This means that the issue is on the rise, a Miacher imbalance because the money to not use properly, adding that this matter is an indication of a very important as if he could market the use of these funds noting the existence of imbalance must be addressed by the authorities and the authorities concerned What does it mean that there will be banks where of money مايكفي and flooding and Atjd market able to absorb the money that the process would be useful rewarding without the slightest doubt. Hassoun called for the need to address this imbalance by the parties and the relevant authorities such as the Central Bank of Iraq. He said Hassoun that if it wanted any company implementation of an industrial project or agricultural or tourist, they need a large capital as if the 100 billion dinars, or 200 billion dinars, it certainly can not secure these amounts of capital and have to use banks other pointing out that all economic actors small or large does not dispense with the support and funding and this is the task of the banks and not for the purpose of storage and retention. He reiterated that the money should be used in the implementation of projects and investments, but you need to insurance cover by the Central Bank.

11/06/2013 BAGHDAD / not Iraqi delegation went To Cyprus headed by MP Ibrahim stirrup And President of the Foundation day of culture and media Hassan Juma, media and high-punitive and media Ali صيهود and Saleh Hasnawi and media relations manager in the day Mohammad Sabah Foundation at the invitation of the Iraqi community there and discuss their affairs. The delegation discussed with the Iraqi community there And the study of the conditions Inside Cyprus After discussions And discuss The endorsement Businessman Iraqi and head of the Iraqi community In Cyprus Freddie John Paul to be Honorary Consul Iraqis In Cyprus. The delegation conveyed the greetings State Prime Minister Nuri al- The invitation to visit Iraq in order to exchange Diplomatic, commercial and cultural . This was announced President Cypriot welcomed Maliki's invitation It was also the transfer of the suffering The Iraqi community in Cyprus And except for the formation of a committee Resolve All the suffering of Iraqis In Cyprus He called on the Iraqi government To open Consulate Iraqis In Cyprus In order to find an official To address it to address all Iraqis face . The delegation met with Defense Minister Cypriot Managers Cypriot companies which offered to open her The door of investment for the building of Iraq

28/05/2013 BAGHDAD / not / Said Dr. Hamoudi, chairman of the Foreign Relations Committee that Iraq is about to revolutionize the huge investment Hamoudi said in a statement received secrets News Agency / not / copy of it today "The passage of Iraq's decades of wars and economic sanctions, ended the occupation of the country in 2003, and witnessed the unfortunate events after the occupation, made ​​him desperately needs to restructure its economic situation and reconstruction and investment, especially in infrastructure." Stressing that Iraq looking for real partners in the areas of investment and international economic relations, and provides an important investment facilities through the investment law, supported by a huge budget exceeded $ 110 billion in 2013, is the largest in the history of Iraq and the largest among the countries of the region. " And Aasttrd Hamoudi Conference (Greece and Iraq: the relationship active in the Horn of atheist twenty) held its work in Greece that Iraq is open-minded in its economic relations with everyone, but we believe that Greece's privacy and welcome in the presence of political and economic situation in Iraq, given the absence of a history of bad have with the Iraqis during the era Saddam, and being proactive in opening an embassy in Baghdad at the level of ambassador. " Ended

11/06/2013 BAGHDAD / not / Announced that the U.S. Defense Department Pentagon contract with Iraq for the supply of a number of air radar systems. According to a ministry statement on Tuesday that "the company (North Rob Grumman) electronic sectors of trade, in Maryland, was awarded a maximum amount of 115 million dollars as a contract fixed supply (22) of the radar systems air type (V) 68 - AN / APG To the Republic of Iraq. " And (Northrop Grumman) is a conglomerate of air and military industries created by the acquisition of Grumman by Northrop in 1994. Today (Northrop Grumman) is the third largest defense contractor for equipment for the U.S. Army and the largest builder of marine parts, the company that produced all the American aircraft carriers and a number of nuclear submarines and works in the company throughout the world more than 123,000 people. In 2006 the company's revenues reached $ 30 billion, while net profit amounted to about $ 1.6 billion. Ended 22 /

Deputy Kurdistan (Lakes News) meeting last Barzani and Maliki will be resolved soon, a lot of files BAGHDAD / Lex News / A member of the House of Representatives from the Kurdistan Alliance Saman Fawzi, "to meet the region's president, Massoud Barzani, the latter with Prime Minister Nuri al-Maliki Federal Government will be resolved soon, a lot of the outstanding issues between the province and the center." He told / Lex News / "The last meeting thaw a lot of the iceberg, which stand in the way to resolve the crisis in general and between the province and the center in particular," noting that "this meeting stressed that to reach a national consensus will not be statements only, but real work for all." Fawzi said that "the meeting will highlight the positives soon through resolve many of the outstanding issues, which will help to add more calm the political scene in general." / Over. Age