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Iraq Makes Amends and Fends Off Attacks Ahead of Summit March 22nd, 2012 Hassan Shahin As Iraq prepares to host the Arab League Summit March 27 – 29, it has been seeking to make amends for past mistakes. Iraq has been arranging political and economic deals across the Middle East in an attempt to put an end to Saddam Hussein-era disputes and to build commercial alliances, in an effort to paint itself as a viable investment entity following the termination of the US military occupation. However, at the same time, insurgents are ramping up attacks in the capital in a bid to destabilize Iraq’s image within the Arab League. Reparations for Kuwait Invasion The Summit will be the first Arab League meeting to be held in Baghdad since March 1990, just months before Saddam Hussein invaded Kuwait. Ahead of the upcoming meeting, Iraq is hoping to right the wrongs that took place during that time. Several days ago Iraq came to an agreement with Egypt to transfer roughly $408 million to 637,000 Egyptian workers forced to flee Iraq following Saddam Hussein’s invasion of Kuwait in 1990. These “yellow remittances” were actually supposed to be paid to Egypt two years ago, but last year’s Arab Spring protests and the ouster of Hosni Mubarak delayed the process. Including interest, Iraq owes roughly $952 million, but the payment of interest will be negotiated at a later date. Iraq also recently negotiated deals with Kuwait in which Kuwait agreed to cancel its legal action against Baghdad regarding aircraft and parts stolen during Iraq’s 6-month occupation. Kuwait dropped its $1.2 billion claim and in return Iraq paid $500 million towards reparations and the creation of a joint airline. Iraq will continue to pay Kuwait reparations for the invasion, amounting to 5% of Iraq’s annual oil revenues. These reparations have already cost Baghdad $22 billion and another $17 billion are still due. Insurgents Seek to Disrupt Government and security officials had warned that al-Qaeda and Sunni sympathizers would ramp up attacks in the country ahead of the Summit as a way to create fears about Baghdad’s stability and prevent the $400 million plans for hosting the Summit. Plans for Baghdad to host the meeting last year were postponed due to safety concerns and the eruption of the Arab revolts. 46 people were killed and over 200 injured in attacks across Iraq on Tuesday. All in all, 8 cities were attacked on Tuesday in what appeared to be coordinated bombings targeting Shiite pilgrims and police and government officials. However, the government insists that these efforts will be in vain. Foreign Minister Hoshyar Zebari said in a statement, conveyed: “Such cowardly acts will not deter the national government and the leadership of the Ministry of Foreign Affairs for the success of the Arab summit in Baghdad to receive the guests and leaders who are invited… we condemn this terrorist act and those politically frustrated terrorists who did it.” It appears that more attacks might be on the way. A senior military official said that intelligence indicates only 40% of the arsenal al-Qaeda has stored for the summit has been used, and a statement on the website of an al-Qaeda affiliated group said, “Death is approaching you, when you least expect it.” However, Minister Zebari still remains hopeful about the meeting. He said, “We are the master of our decisions and our destiny, and we will address the remaining unresolved issues from past years. The big idea is that the summit will enhance international confidence in Iraq – in business, in trade and in diplomatic and commercial relations.” http://yallafinance....head-of-summit/

Parliament: No agreement on the adoption of the draft law of oil and gas 22/03/2012 BAGHDAD - Al Sabah . Denied a member of the Committee on Energy and Oil Bayazid Hassan Reported the existence of an agreement in principle to pass the draft law of oil and gas for the year (2007) to the House of Representatives for a vote, stressing that differences still exist between the parliamentary blocs on all drafts prepared for this law. Hassan said (of the Agency news): There is no agreement about passing drafts or proposals prepared for the oil and gas law, especially the draft year (2007) for oil and gas law and reported by some media, but differences still exist on certain paragraphs of the law by parliamentary blocs, Discussions are under way to resolve all differences. He added: There is a proposed law presented by the Alliance of Kurdistan and Iraq, but has not received significant support by the National Alliance, while the draft law of oil and gas for the year (2007) there was agreement on a passed by Thalfa Kurdistan and national levels, but that when he sent to the Security Council Shura conducted by some of the amendments which led to the return of the differences again. He continued: The adoption of oil and gas law requires compliance by the parliamentary blocs all being legally significant interest to the general people and decide their fate, calling for the speedy passing of law and voted on by the House because the delay does not hurt the interests of the Iraqi people. It is noted there are reports pointed to obtain agreement initial and on the lips of one of the members of the Committee on Energy and the oil to pass the draft law of oil and gas for the year (2007) to the House of Representatives for a vote. http://translate.goo...xbrFVom1BBG9F6g

Kurdistan in the Nineveh provincial council rejects the decision to stop dealing Article 140 On: Tuesday 20/3/2012 0:07 Rejection of the Kurdistan Alliance in the Nineveh provincial council resolution that halted the deal under which Article 140 of the constitution in Nineveh. The official told the Kurdistan Democratic Party in Mosul, Esmat Rajab "The provincial council has the power to take such a decision is illegal." For his part, said council member Abdul Rahim Al Shammari "The Council made the decision after it was concerned by recent attempts in parliament to reintroduce Article 140 in order to achieve the interests and positions described by personality and narrow," as he put it. Shammari explained that "the Council consulted a legal subject, and make sure his failure to extend the law of Nineveh to this article, as well as the end of the time limit set for the Article 140 since 2007." "And it was decided not to deal with, and we are in Mosul Attabna record in this regard on the Vice Nineveh in the House of Representatives who did not lift a finger against attempts to re-use of this article." The Council had decided to stop dealing days before the article 140 in the province because they are not covered by the application, as well as the end of the period http://translate.goo...gCthJHW1YcxUNHw

Commodity dumping in Iraq and the withdrawal of foreign currency On: Wednesday 21/3/2012 6:08 Baghdad / handsome as ي Iraq is interchangeable Commodity dumping of various origins and degrees of quality, but is almost always bad because of the ease of trading goods cheap, as the cost affordable for everybody, but economic harm and substantial health and environmental. And indicates the economist Muhammad Hassan from Karbala Chamber of Commerce that most of the goods imported into Iraq is not subject to the import program controlled by the state. According to Hassan, the imports have become mostly efforts individually purely by members suddenly became traders, without enough experience or academic study that qualifies them to play its due role in the development of the economy and contribute to the provision of essential needs of the individual with a minimum of damage to health and social development. Members of the Iraqi and is heading to the Individual countries such as China, Korea and Indonesia to import goods which are often of poor quality, making it easier for the absence of quality control at border crossing points and the prevalence of bribery. Decline of local industries و In the shop Abu Khaled in Diwaniya (193 km south of Baghdad), not only find the electrical equipment of Chinese origin and Syrian and Iranian and Korean, where the products confirms that the Japanese or European or American are rare because of the absence of import. According to what he tells the traders, the import is very expensive. Iraq has seen since 2003, the direction of a lot of business events to import under a clear decline in local industries. The field trips to the decline in the markets clear for local production, and diminished the role of the private sector compared to the growing role of a small merchant. In a move to close the ports of import random, the Ministry of Commerce of 2011 on the inclusion of all imported materials, leave import, to reduce the entry of goods and commodities at random. م 2003. And specialized in the import of Ala cream medicines and medical supplies for five years, which confirms that traders fled the market and a lot of supplies and essential needs at the lowest prices, where the state failed to provide, particularly after 2003. Large amounts of capital و He denies intentionally cream traders import goods at prices inferior to a simple quick-win. He says: "Every commodity price, its cheap goods and specifications of the quality of the goods is less than a high price." In the experience of cream, the people accept the goods on the cheap but quality of the lowest level of the goods classified as the level first. According to Saeed Hassan of the Chamber of Commerce of Babylon (100 km) south of Baghdad, the import of major companies are known not only across countries, institutions and businessmen known, the owners of large amounts of capital, as the big companies with global brands do not deal with small traders roam the states are individual. He continues, "the only way open to imports (per capita) is the small companies and labs that mimic (brands) of origin and spread widely in Southeast Asia", and refers to the good that the currency is often difficult to seep into the neighborhood through business deals between traders. The volume of trade exchange between Iran and Iraq and Turkey about (10) billion dollars a year, while with Syria is (5) billion dollars in 2011, which indicates the size of the drain of hard currency, because the trade balance tends Bkivth in favor of those countries. Rotten food For his part, refers to 'Essam al-Asadi that the market is full of a lot of rotten food without the knowledge of regulators that can not no matter how diligently control the movement of goods in a bad market. In the market, the eastern section of Baghdad, Buy boy Essam Hassan Cheese (Kerry), was left on the expiration of only one day, he says, Essam The source of this cheese stores food, distributes them to different areas of Baghdad and the provinces at a lower price in order to discharge quickly before the end of time. Essam and respect, in addition to a group of young people, to sell food which is about to expire in use to run out, including dairy products in addition to meat and canned food. But Essam justify what he does because history topic does not mean that the goods are corrupt, there is scope to be valid for use after two or three months from the date of completion, and refuses EA allegations that some vendors promoting goods through the development time of the power variant of the original date, and adds: "I did not I do this in my life because it never loses the confidence of the customer to us, in addition to that it is contrary to religion and Islam and morality. " م Cemetery for "Scrap the world." According to economic reports, Iraq has become in a short period since 2003 for Cemetery (Scrap the world), where thousands of cars imported to Iraq ended ages, in addition to source auto parts (dead) in Europe and neighboring countries. ل But Amin Mutasim, a shopkeeper in Karbala, asserts that he discovered a lot of goods expired, but the dealers changed date of manufacture and country of origin. Suggests an economist Amin Hassan to the continued import of uncontrolled will turn Iraq into "the dustbin" of the goods are corrupt, and confirms the good that the Iraqi market "infiltrated" by the agenda of economic and political development of neighboring countries, in an attempt to weaken the Iraqi economy, and keep a consumer economy, and provide an opportunity influence in the political decision of Iraq. . According to Hassan that Iraq loses annually large sums of money due to import hard currency, which indicates that the best solution is to clean up the Iraqi market of rotten goods by imposing sanctions on traders corrupt, and the application of the laws of the customs tariff, and activating the role of quality control at border crossing points and the tightening of controls and tests quality through the shuttle visits to markets. http://translate.goo...G7Avo_5sJQZ1YYQ

House of Representatives reveals a 2012 budget amendment of the law On: Wednesday 21/3/2012 8:13 Baghdad / term Detect the First Deputy Chairman of the House of Representatives Qusay al-Suhail of the existence of directed to amend the budget, with respect to the salaries of the province and district. Statement said Suhail received (range) a copy of it yesterday that he "received a delegation representing members of boards of districts and areas I'm not the provinces and in the presence of a number of deputies discuss with them the issue of stop salaries and problems that led to such a measure in addition to addressing the House of Representatives to this matter. " The statement noted that he was to instruct the Legal Committee and the Committee of the Regions and the provinces to prepare a draft to amend the draft budget, especially after he met during his visit Diwaniya and receive requests from members of these councils was presented a draft law, but this draft were not required level and will modify the draft and was first read the beginning of next month ". "The House of Representatives did not want to do harm to one, but it is not possible irregularities as well as legal as there are some problems with the government in calculating the amount of these salaries and those who deserve it already." Suhail said that "there is a misunderstanding was the case with members of boards of districts and areas where the rumors is that the cancellation of their salaries, but the right is stopped until a mechanism suitable to prevent the fraud." He called on members of the province and district councils to make their vision and their suggestions about the criteria that must be working out for the secretion of the person who actually work and the people who are trying to tuck their names falsely. " http://translate.goo...zz0n_6NO9Rvm09g

Kurdistan officially request the National Conference was held before the Arab Summit On: Wednesday 21/3/2012 8:14 Baghdad / term ذ Said Second Deputy Chairman of the Iraqi parliament on Monday that the Kurdistan Alliance supports the National Conference to resolve the political crisis in Iraq before the Arab Summit to be held in Baghdad late this month. He said Aref Tayfur, told the Kurdish news agency that "the time of the National Congress is expected to resolve the political crisis in Iraq has not been determined yet, it was unclear whether the Arab summit will be held before or after the session." Tayfur said that "there are a number of problems and obstacles in front of the National Congress, most notably the absence of any convergence between the coalition and the Iraqi National Alliance." Tayfur said that "the student component of the Kurdish political parties formally of the Iraqi National Congress was held prior to the upcoming Arab summit," pointing to "the existence of blocks and other political parties to support these demands." And announced that the Preparatory Committee of the National Congress on Monday that its last meeting resulted in agreement on the structure of the agenda of the national meeting and the formation of a special committee to develop a vocabulary of the agenda that the President Jalal Talabani, locate and hold a meeting time. http://translate.goo...Fk02M9z3XCrlhPQ

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Iraq approves Hormuz oil exports contingency plan By REUTERS Published: Mar 19, 2012 00:04 Updated: Mar 19, 2012 00:04 BAGHDAD: Iraq has approved a plan to expand its oil export routes by adding capacity from its northern fields and building a pipeline to ship oil from southern fields to Ceyhan in Turkey, a government spokesman said. The contingency plan was set by the government’s energy and economic committee to deal with any potential crisis should Iran close the Strait of Hormuz, which would halt about 80 percent of Iraq’s oil exports. Iran has threatened to close the Strait of Hormuz, used for a third of the world’s seaborne oil trade, if Western moves to ban Iranian crude exports crippled its energy sector. “Short and mid-term plans will be through boosting crude pumping and upgrading export capacity via Ceyhan port in Turkey. Also to increase the number of trucks that are shipping crude,” government spokesman Ali Al-Dabbagh said. Iraq exported 2.014 million barrels per day in February, including 1.711 million bpd from its southern oil hub of Basra and via exports terminal in the Gulf, and 375,000 bpd from its northern fields around Kirkuk to Ceyhan. Dabbagh said plans approved by the government were a short-term measure based on recommendations from the oil ministry, and said stepping up efforts to convince Iran and the US of the need to avoid closing the Strait of Hormuz. “The oil ministry suggested accelerating work to complete building the north strategic pipeline and connect it to the Kirkuk-Ceyhan pipeline to export oil from Basra via Ceyhan port,” Dabbagh said. Iraq has also been moving ahead with building a 680 kilometer pipeline able to transport 1 million bpd of crude from southern oilfields around Basra to a main pumping station in Haditha in the west, an oil ministry spokesman said. “We managed to complete constructing 200 km of the pipeline with plans to finish all work in 2013. We will have the flexibility of shipping Basra crude to various destinations, including toward Ceyhan port,” Asim Jihad said. The Kirkuk-Ceyhan pipeline has come under sabotage attacks many times since the 2003 US-led invasion, and frequently breaks down due to technical faults. Under the contingency plan, Iraq may revive the Iraq-Syria pipeline as a long-term measure to ship crude from southern fields to Banias in the Mediterranean. Plans to build a pipeline to transport crude to Jordan’s Aqaba port were also considered. Last year, Iraqi and Jordanian officials said the two countries had agreed in principle to build a pipeline to supply Jordan with crude oil in future. Iraq transports 10,000-15,000 bpd of crude exports in trucks to Jordan. Dabbagh said the plan also encouraged talks with top OPEC oil exporter Saudi Arabia to ship Iraqi crude to Yanbu on the Read Sea. Iraq has managed to operate a first floating terminal which could help boosting oil exports from the southern fields to 2.2 million bpd. http://arabnews.com/economy/article588925.ece

Expectations of obtaining economic growth after the summit 19/03/2012 BAGHDAD - Al Sabah Most likely a member of the Finance Committee MP Abdel Hussein al-Yasiri, to witness the development of the Iraqi economy in all sectors after the return of Iraqi relations - Arab and the Arab summit conference in Baghdad, which will contribute to the coming of the great Arab companies to invest in the country. Yasiri said during his speech to the Agency (news): that Iraq today is entirely different from the past and started to make good steps forward through re its external relations with all countries in the world, especially the Arab countries and neighboring to it by the Arab summit conference in Baghdad, which will be held later this month , He will make Iraq prosperous at all levels and aspects, and will have a large and active role within the region. The Yasiri that the Iraqi economy will see significant growth and significant development after the Arab summit, because there are economic interests large will be activated between Iraq and the Arab countries on all sides, and the conference will also contribute to the return of those interests, as well as the advent of the investment companies large Arab, especially Gulf to land Iraq Investment and contribute to building the Iraqi economy and its development. He noted that international trade and commodity exchanges that needed a policy based on strong relations with those countries in order to be prosperous and sophisticated, because the policies between countries overshadow and in one way or another on all aspects of economic and trade among themselves. http://translate.goo...AdksE6OTm7CXLXA

Deputy warns against the dollar continued to withdraw from the market 19/03/2012 BAGHDAD - Al Sabah Revealed the decision of the Economic Commission representative in the House of Representatives, the output of about two billion U.S. dollars from the Iraqi market within one month, warning of the danger of continuing to pull the dollar because it affects the power of the Iraqi dinar. Said Mahma Khalil told (Rn), that "as economic indicators have emerged of the Iraqi market about two billion U.S. dollars in one month only. "" We can not accuse any party of standing behind it, do not say it's the smuggling of foreign currency, and whether what happened was the result of transfers of traders and trading citizens, but the economic indicators say so. " He pointed out that "out of these amounts, whether formally or informally, it has impacts on the strength of the Iraqi dinar because the dollar that we get comes from the export of only commodity that we have a crude oil, ranging from 200 to 300 million dollars a day." http://translate.googleusercontent.com/translate_c?hl=en&prev=/search%3Fq%3Dal%2Bsabah%26num%3D100%26hl%3Den%26safe%3Doff%26biw%3D1101%26bih%3D718%26prmd%3Divnsu&rurl=translate.google.com&sl=ar&twu=1&u=http://www.alsabaah.com/ArticleShow.aspx%3FID%3D23796&usg=ALkJrhi0u3WleyajNqi3d0F7gRW97O8HHw

IMF: there is an improvement in the global economy 19/03/2012 BAGHDAD - Agencies The IMF said on Sunday that the global economy has survived the disaster, but there are still significant risks of debt in the euro area and slowing growth. Praised his boss Lagarde leadership in Beijing amid the global economic crisis and said that the weakness of the financial system has enhanced the importance of China. She said Lagarde in an economic forum in Beijing, "is perhaps the world economy on the road to recovery, but there is no wiggle room, no room for errors in policy." and followed "the risks are still global dramatically and we all are linked each other and all affected by the procedures of each of us the political" . The Director of the International Monetary Fund that financial systems are still fragile, with high public and private debt in many economies. She explained that 23 percent of GDP for the euro area dedicated to debt service, which leads to further contraction in credit and production. And warned Lagarde that rising oil prices threaten global economic growth. To that reported Lagarde said the Chinese yuan could become the currency reserves in the future If China has undertaken further economic reforms. http://translate.googleusercontent.com/translate_c?hl=en&prev=/search%3Fq%3Dal%2Bsabah%26num%3D100%26hl%3Den%26safe%3Doff%26biw%3D1101%26bih%3D718%26prmd%3Divnsu&rurl=translate.google.com&sl=ar&twu=1&u=http://www.alsabaah.com/ArticleShow.aspx%3FID%3D23798&usg=ALkJrhi_tdJq1yNNRwU3fpZToOeGP5hKiQ

Arab «morning»: removal of the internal issues of Iraq from the summit 19/03/2012 Baghdad - Cairo - Al Sabah Emerged yesterday developments Two new on the Arab summit Standhanha Baghdad next week, With the refusal of Prime Minister Nuri al-Maliki's call non-Arab countries to attend the summit, cut the secretary-general of the Arab League Nabil Arab way for seeking sticky issues of Iraq's internal discussions the leaders, stressing that the terms of Iraq considered by the Iraqi leaders and not the kings and leaders who will discuss the items concerned with a brief Arab developments. This comes at a time announced in Baghdad yesterday for the near completion of security arrangements for securing protection for the visiting delegations, ended with the Ministry of Construction and Housing Rehabilitation and create 32 home to host the delegations of the Arab summit presidency with the creation of the Presidential Palace for the summit. A statement issued by Prime Minister Maliki as saying : that "those who seek to either failure of the summit of some politicians or others do not care as much interest in Iraq by themselves." The Prime Minister rejected "the idea of ​​inviting non-Arab countries to attend the summit in Baghdad, adding that he will be invited to international and regional organizations to attend the summit, we do not find a justification for the presence of non-Arab countries." The Minister of Foreign Affairs announced in the first of February will be the next Arab summit will be held in Baghdad in the 29 of March next, stressing that the government has provided security for the leaders and co-chairs at the top. In Cairo, the Secretary-General of the Arab League at a news conference in response to a question by the (morning) on ​​the main items of the summit that the terms of the Baghdad summit will be brief and will not include consideration of issues the Iraqi Interior. It is said that the leader of the Iraqi List, full-Dulaimi, denied yesterday in a press statement, faith and ministers of the existing withdrawal from the government in case it is not a national meeting before the summit, after threatening the menu display internal files on the Arab leaders. said Nabil el-Arabi: "Baghdad has completed all the technical procedures and administrative, organizational and logistics for the summit." The Secretary-General on the his intention to visit Baghdad before the Arab summit one day before the preparatory meetings in Cairo to finalize and confidence on the latest arrangements pertaining to the summit before receiving presidents and kings and Arab leaders, "noting that the preparatory meetings will begin in Cairo next week for senior officials and representatives of Arab countries and then heading to Baghdad to start meetings of the Ministers of Economy and Finance Arabs followed by a meeting of Arab foreign ministers and then conclude the summit meeting of Arab leaders on 29 this month, "stressing that" the summit in Baghdad is the definitive guide to the return of the role of Arab Iraq, regional and international. " http://translate.goo...C8fYPRy7zy1FX3A

Response to reports (morning) .. Central: Warka Bank rebuilds itself 18/03/2012 He said that the imposition of trusteeship to ensure that depositors' money BAGHDAD - Al Sabah Deputy Governor of the Central Bank of the appearance of Mohammed that Warka Bank is able to recover himself again to the real estate owned by the guarantees of up to (250) billion dinars, and multiple branches in the country, noting that the trusteeship was to keep the funds of depositors and financial stability in the country. The confirmation of the Central Bank in response to a report published last week on the morning demanding the Association of Iraqi banks, which called for which the central to the action to a joint meeting brings together all the parties following the decision to impose custody of the Warka Bank. The appearance of Mohammed Saleh during a press statement: The Central Bank commissioned an observer of the accounts, prepare a special report Bank of Warka to demonstrate its ability to restore itself or that are helped by the Central Bank or he needs to appoint a new administration a temporary until the debt incurred by him. He favored the benefit of the Warka Bank was able to regain their financial capacity of what he has great potential and guarantees of real estate (250) billion dinars, as well as having some (120) branches in all provinces can be reduced through cash flow that provides great. . He explained that the central bank's decision to impose custody of the Warka Bank was to maintain financial stability in the country and to safeguard the depositors 'money that the majority of ordinary citizens and shareholders' funds by asserting that the trusteeship would be for a period of (18) months, renewable if the bank is unable to restore itself back the other. The central bank announced on the status of the Warka Bank under trusteeship after the failure of talks with Standard Chartered Bank, which began in April 2011 to buy a stake in it, stressing that it will set a new administration soon. It is noteworthy that the Board of Governors in the Iraqi Stock Exchange decided to write off Al Warka Bank from the market, in accordance with paragraph IX of Article V of the instruction number three amended for the year 2011, which provides for the write-off company from the listing if the stoppage of circulation for six months without taking appropriate action for the appeal, pointing out that the Warka Bank is dependent on the eighth trading since February 2010 and the Warka Bank for Investment and Finance, which was established in 1999, (130) branches and (350) ATMs in all parts of Iraq. . The association of private banks and the statement made by the (morning) earlier this week warned of intervention points is not concerned with the honored banking and economic, which has led to fabricate much fanfare unprecedented in the previous period, saying that it was the Lrabotth is concerned with banks groping for that and identify all related Alamuralta private banks. In the opinion of the Association that the need requires careful consideration and no more than unity of effect Alyalmassarv own, which began on the transactions, namely, referring to the central bank's decision to impose custody of the Warka Bank, and which could lead to a decline in the level of confidence in these banks at a time when everyone is seeking, along with Central to give the lead to private banks in the process of contributing effectively to the achievement of development through his involvement this requires the strengthening of confidence sinks Avkdanha. http://translate.goo...YYnIZb-imDy92AA

Calls for activation of the legislative environment for the manufacture of sophisticated banking sector 18/03/2012 To its importance in economic growth BAGHDAD - Hussein al-Tamimi Tgb Banking expert asked to provide a more flexible legislative environment to regulate the banking sector in the country, pointing to the importance of investing the money supply owned by the private sector and away from investment and the implementation of the benefit of their respective owners. He confirmed the existence of a banking sector that my family is capable of promoting banking services and reach out to the world in the event of finding a legislative system is able to attract capital, domestic and foreign to the country, especially since a large number of international banks that recognize the importance of Iraq's economic to have the desire large to invest their funds in various sectors production and service. Banking expert Sohail Abbasi said in an interview (morning): that the reality of the case of private banks need legislation a new legal work to expand the circles to deal with private banks, pointing out that the regulations in force issued by the Central Bank of Iraq's defiance of the area treated the government departments that have accounts financial and banks with a wide range of civil, especially that the reality of the services offered by much more than something to offer the public banks to speed their response to handle new technologies. And the Abbasid government institutions have large sums of money, not handled in the correct format for the benefit of those departments and will bring it gains additional financial, explaining the importance of benefiting from the experience of the private sector, which raises the degree of his dealings with these banks, pointing out that the private banking sector applied to all controls and legislation overseeing government agencies with great accuracy. He pointed out that banks worldwide have the desire to enter the field of banking business in Iraq and the presence in the arena of local banking, and this is clear from the correspondence with international banks, but it needs to study the work environment is available and stand at the most important determinants of the presence of these banks and contain access Bmassarva to World in services provided to customers, whether they are citizens or investors, pointing to the adoption of electronic clearing system, which was adopted earlier this year which is an important step on the road to block the passage of the financial flow in a short time and its positive impact on trade and economic movement in general. . He Abbasid saying: that the idea of ​​merging the private banks, which Do not have the capital they set by the Central Bank is a sound, but which hinder this trend not to realize the owners of these banks and promised him Mottagataa with their interests, where it appears there is a conflict on the Board of Directors of the new bank component from several banks. He explained that the Statistics indicate that 85 percent of banking transactions shall be vested in government banks, the (15) percent, the other carried out by the private banking sector, which could not adopt all banking activities, despite the fact that a section of which was authorized by the executive branch of the Central Bank. Stressing that the square of the local economy bears a large number of private banks, which amounted to (43) banks have a great ambition to have a strong presence in the field of economic action in Iraq. Abbasi he concluded that the first private bank in the Middle East opened its doors in Iraq in 1870, so the country was a race to rely on private banks and has many of the technical expertise that is distributed throughout the developed and operates banks and banks with high efficiency, due to lack of an environment encourage an attractive legal work within the country. http://translate.goo...DL8cNUp9mE21Xrw

Preparatory meetings resolved 70 percent of the controversial issues Author: Muhammad Abdul-Jabbar carp 18/03/2012 18/03/2012 National Alliance expected to be held after the summit meeting of the National BAGHDAD - Omar Abdel-Latif It seems that is a national meeting may resolve the post-Arab summit to be held in Baghdad at the end of this month, as a result of the focus on the success of the summit and not to resolve some of the files that are still under discussion. It was the fifth meeting of the Preparatory Committee which was held last Monday has resulted in the formation of a sub-committee charged with the preparation of final working paper for the National Conference to be agreement Arbil item with the basic research on the dates and details of the national meeting. A member of the Preparatory Committee of the National Conference Hussein Shaalan, MP for the Iraqi List, said the mini-committee that emerged from the preparatory committee had met last Wednesday did not come to anything until now, expecting to be on Sunday, a date for a meeting of the Preparatory Committee. He said Shaalan in a statement »Sabah» that the observer when he sees the differences between the political blocs it Sacefha Balchuklah, stressing that the retrenchment of political and party does not make such differences end though it needs a session or two to agree upon and then solved, because all the blocks almost agree on these points of contention by 60 to 70 percent do not need to much to solve the 30 percent remaining differences. said Shaalan that the Preparatory Committee has taken a lot of time and started running out and is progressing quickly and the Summit appeared on the doors and the lack of agreement, expressing his hope that the interests of the country over the other interests. However, the National Alliance MP Khalid al-Asadi said the national meeting probably will be after the Arab summit, denying the existence of any agreement to hold a meeting of the Preparatory Committee on Sunday. was al-Asadi, one of the members of the Preparatory Committee had confirmed last week that setting a date for the convening of National Conference not the validity of the Preparatory Committee, but the validity of President Jalal Talabani as the owner of the initiative, which in turn would not deal with this theme issue of how, but he will in consultation with the leaders of political blocs on the best options and where the interests of the country, pointing out that the Preparatory Committee validity of creating the agenda and agreement it is not setting a date of this conference. In turn, the MP for the Liberal bloc in parliament, Awad al-Awadi, the most important matter that occupies Iraq and its people and its government and the Council of Representatives is the upcoming Arab summit in Baghdad, which has made the various political blocs agree on a lot of differences that can melt and reduce the the gap. added Awadi »Sabah» that «there is a strong response among the political blocs, especially between the Preparatory Commission, and this response no matter what the there is a check of the blocks different to take the initiative in good faith to be a response to a high level of responsibility, stressing that the responsibility is great now on the political blocs and their leaders is a national responsibility and the legitimacy of the regional, Arab and even international. and al-Awadi, the Arab world now awaits announcement of Baghdad and the Arab summit and all this throws a great responsibility rests with different people, whether at the level of the blocks or the political leaders to leave these differences and look to Iraq and how he started to take its rightful place in the Arab and regional countries and the world, stressing that the agreement Arbil is not a constitution strictly should be applied 100 percent, but some points that can say they came to form a government of national partnership and everyone knows that there have been indications that many in the formation of this government can be for us to adjust them and can be automated, the better .. But to say that agreements Arbil must be applied to all of this is possible because many of the agreements are amended and being by some cancellation paragraphs of it in the paper can be applied, but on the ground does not it can be. http://translate.goo...ylfKebsOymg1ZOQ

US Embassy Helps Young Iraqi Entrepreneurs Create Businesses and Jobs Posted on 16 March 2012. Tags: Entrepreneurship, Iraqi Youth Initiative, Tijara, USAID, Youth The U.S. Embassy’s Iraqi Youth Initiative, which forms part of the Tijara Provincial Economic Growth Program run by the United States Agency for International Development (USAID), will mark its two-year anniversary in April 2012. Since the start of the program, loans valued at $3,625,100 have enabled 1,045 young entrepreneurs to build businesses that today employ 2,220 Iraqis. The pace of job creation is increasing, with more than 1,000 new jobs created during the last quarter of 2011 thanks to microfinance loans totaling $1.63 million. The Embassy announced last week that 27 young Iraqis from Baghdad, Karbala, Wasit, Muthanna, Najaf and Dhi Qar provinces have been awarded loans worth $87,700 through the Iraqi Youth Initiative to help them start new businesses that will create an estimated 54 new jobs. The initiative has also trained 1,222 young Iraqis in its apprentice training program over the past two years, and 690 participants have been placed in apprenticeships with local company sponsors for three months of on-the-job skills development. An additional 1,300 young Iraqis will complete similar training by the end of June 2012, and over $4.45 million more is budgeted to loan to young entrepreneurs. In all, over 3,800 individuals have benefited from the Tijara program thus far. http://www.iraq-businessnews.com/2012/03/16/us-embassy-helps-young-iraqi-entrepreneurs-create-businesses-and-jobs/

Iraq Hopes Arab Summit Will Boost Its Role Posted on 16 March 2012. Tags: Arab League, Arab League Summit, Institute for War and Peace Reporting, IWPR This article was written by Abeer Mohammad, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi officials are hoping that hosting the first Arab League summit after the wave of revolutions that swept through the Middle East and North Africa will increase their country’s standing in the region. “It is very important for Iraq to host this particular summit at this particular time,” Ali al-Mosawi, a media advisor to the Iraqi government, said. He noted that this meeting would see “some officials meet others for the first time” – a reference to new leaders who have emerged from revolutions in Arab states over the last year. Mosawi said the three-day forum in Baghdad, starting March 29, would discuss the continuing unrest in Syria and Bahrain, and Palestinian issues. Syrian president Bashar al-Assad has not been invited. The agenda also includes restructuring the Arab League itself, after criticism of the way it has acted over the last year. “Its hierarchy will be reviewed for the first time since it was established more than 50 years ago,” Mosawi said. For Iraq, the meeting – especially coming at such crucial moment for the region – presents an opportunity to bolster its relations with the rest of the Arab world. http://www.iraq-busi...boost-its-role/

Claims the need to clear the atmosphere before the meeting the national 15/03/2012 07:49 Between optimism and fear remains a national meeting Mrohona expressing political blocs flexibility towards the issues that will be on the table, Alliance National still insist not to raise issues pertaining to the eradication of the meeting. Either Iraqi List, has remained on the demands the former, while the gold of the Kurdistan Alliance away this time role in previous meetings, after the transformation of part of the solution, to a part of the problem, asking the Article 140 during the meeting http://translate.goo...hiffRfwuGuYDDRA

United Nations contracted with Shell to implement development projects in southern Iraq 15/03/2012 11:46 United Nations declared the contract with Dutch-British Shell to implement a range of development projects in southern Iraq, indicating that the contract includes vocational training for the development of potential workers in the areas of oil and gas, as well as supporting projects in the country. The Director-General of the United Nations Development Peter Batchelor said in a statement issued International Organization that the agreement aims to increase the number of development activities in local areas and to encourage Iraqi companies small and medium enterprises, and provide vocational training services in response to the needs of the Iraqi private sector http://translate.goo...GJI2H2EHQJmJCqA

Political debate on when to hold national meeting 17/03/2012 BAGHDAD - Al Sabah The back of the debate again about the time of the national meeting on the surface of political events and determine the schedule before or after the summit, after it subsided in the days prior to the preoccupation of the three presidencies initializes and prepare for the Arab summit to be held in the twenty-ninth of this month in Baghdad. Despite the faltering of a preparatory meeting V and delayed for weeks due to concern members of the Preparatory Committee to vote on the budget, time and travel of some members of parliament again, but even in this meeting, there is no agreement on the points raised in the paper discussion did not reach an agreement on an agenda, and the date of the meeting, which is the prerogative of the President of the Republic Jalal Talabani as the proposal and the sponsor of this meeting is now on a journey treatment outside of Iraq and stayed statements revolve in the orbit of the rule of the positive atmosphere for the meeting of the preparatory and the emergence of a small committee of this committee are the functions of the First Committee to meet later and is preparing the paper and the agenda. Iraqi delegation It appears that the outcome of the preparatory meeting, had not been aired in the Iraqi List, which fears to postpone the meeting of the national and deported until after the summit, and that means deportation problems controversial to a period of time later, and this is what you do not want it Iraq that you want from this meeting and a pressure or (extortion) Kmaocefh a member of a coalition of state law, to extract the most possible to the gains from the government and prepared by the Iraqi benefits to the agreement of Arbil has not adhered to the government implemented over the past two years, and most prominent of these benefits Council strategic policies which promise some unconstitutional because it would be the presidency over the presidencies three. And flew head of the Iraqi Acanuturayad Allawi to Kurdistan to meet the region's president Massoud Barzani, in his capacity as patron and guarantor of the implementation of the agreement of Arbil, which in the light of which it was agreed a single package on the three presidencies, Republic of Talabani and Parliament for Ngeevi and the government of the owners, that is the implementation of other items later. Was left of the age the current government a lot after the midpoint, so the growing fear of Iraq day after day with the countdown to the life of the government (four years) Jalili last period, and the statement speaking on behalf of the Iraqi Maysoon al is (Find in a number of political issues with the provincial government) and left him confirm the need for a national meeting before the summit. The MP for the Iraqi Ali Alsjeri «The political climate is ripe for a national meeting before the Arab Summit« noting «that there is an excellent response from the National Alliance for the meeting during the next few«. Aln National Alliance MP Adnan al-Sarraj described the insistence of the Iraqi List, the National Conference before the Arab Summit that he is not a moral value, or a political dimension. he said in a press statement that: «the threat is not a language of dialogue, and will not do any good because Toaadat such a conference would not take place before the Arab Summit, the fact that the attention of politicians of various Snovhm heading towards the summit forum». ت Outlook . MP for the predicted mass of the Virtue Kamilp Moussawi postponement of the national meeting until after the Arab Summit to be held in Baghdad at the end of this month, noting that all efforts are now focused in order to prepare for the summit and work to make it work. The MP called on the coalition of the center falls in the coalition in Iraq Mohammed Iqbal Omar «the Iraqi government to be a readiness to resolve the internal problems such as its rush to prepare for the Arab summit in Baghdad at the end of this month. « Iqbal said in a press statement that «the government prepared a great and good in terms of logistics for the Arab summit, something Musharraf to Iraq, but at the same time overlooked the internal problems that may have will have negative repercussions on the obligations of Iraq after the summit« «. Aln MP Kamilp Moussaoui believes that «there is optimism we have in the success of the Arab Summit is an exceptional follow through preparations to it by the Iraqi government and the views of the Arab delegations that visited Iraq to see the preparations for them». She said «We believe that the internal problems would not have a negative impact on Summit of the fact that these problems can be resolved internally and naturally without the need for external mediation or putting them on the summit, which is normal and the tax paid by all States that have passed from dictatorship to democracy and this is what we saw in the countries that lived Arab spring «. The full line-Dulaimi, deputy from the list «Iraq« Mazhpt him with the essence of MP-Moussawi as saying that it (big mistake was that the internal problems faced by the country at the Arab summit or on the international community). A spokesman for the Iraqi List Haider Mulla said «that the list will resort to the Arab League and the international community if it does not get a national consensus to solve Iraqi problems which faced the political process However, the MP from the Kurdistan Islamic Union, Osama beautiful counting «hold upcoming national meeting of the leaders of political blocs is a positive step towards finding solutions to political crises,« indicating «The differences will not be solved with one meeting«. http://translate.goo...rwOoy6sw5k-qiIQ

Parliamentary committees held intensive meetings to resolve important laws 17/03/2012 After the House voted on the nine bills BAGHDAD - Al Sabah The House voted yesterday to nine bills, to be held for the House of Representatives committees today and tomorrow intensive meetings to create the important laws for discussion and approval after the recess, according to the source of the early parliamentary »Sabah». In the 30 session held under the chairmanship of Osama al-Chairman of the Board of Representatives and the presence of 172 deputies, read the memory of Surat Al-Fatiha for the souls of the martyrs of Halabja and uprising. Najafi also presented the Council's condolences to the Attorney warm Khalid al-Attiyah of the death of his uncle, the late great national character Hudeib Haj Hamoud, deputy to the death of Hamza Alkrtani late cousin, as well as congratulations on behalf of the Council for the Iraqi people from the Mandaeans on the occasion of festival of creation. Then the Presidency decides to postpone the first reading of proposed amendment to the law of the federal budget for the year 2012 and submitted by the Legal Committee because of the damage of many of the those who have been suspended salaries and lack of resolve is the staff of them and to find appropriate ways and legal, to mature all proposals for amendments to the budget law and consolidated in a single proposal. The House voted on a draft law on ratification of the Republic of Iraq to the International Convention on the institution of the Organization of the International Agency for Renewable Energy and submitted by the committees of the economy, investment and foreign relations, services and construction, legal, for the purpose of enhancing the possibilities of Iraq and the opening of the prospects of economic and social development in this area. Also voted on a bill to cancel decision of the Revolutionary Command Council (degenerate) No. (196) of 1984, as submitted by the Commission on oil and energy, as it represents the resolution of the abuse the rights of employees to the membership of the Board of Directors of the organizations, companies and Arab and international institutions and to give them an incentive to represent the country better representation. The session saw yesterday voted to approve the draft law on ratification of the Memorandum of Understanding between the Government of the Republic of Iraq and the European Union in shan strategic partnership in the field of energy, provided by the Commission on oil and energy, which aims to develop Iraq's exports of energy and the common interests of the European Union as a consumer of energy and Iraq as a product to them. و The Presidency and postponed the vote on the appointment of judges of the Federal Court discriminatory and submitted by the Legal Committee of the pending agreement on the names of candidates during the next term. Then completed the parliament vote on the draft accession of the Republic of Iraq to the international treaty concerning the Plant Genetic Resources for Food and Agriculture, submitted by the Committee on Agriculture, water and marshes in order to plant genetic resources conservation and the preservation of genetic assets of plants cultivated and sustainable use. Also completed the Council to vote on a bill accession of the Republic of Iraq to the Convention on International Trade in Endangered Species (CITES) of groups of animals and wild plants and submitted by the Committees on Foreign Relations, agriculture, water and marshes, which aims to regulate international trade in this area and provide protection from extinction and control of trade in wildlife. And approved the draft law on accession of the Republic of Iraq to the Convention establishing the Organization of Plant Protection in the Near East and submitted by the Committees on Foreign Relations, agriculture, water and marshes, which comes to cooperation with countries, organizations and government agencies and non-governmental organizations in this area and to prevent the spread of pests and their control. The session witnessed also the approval of the draft law on ratification of the law of the Convention on cooperation in the field of animal health between the Government of the Republic of Iraq and the Government of Hashemite Kingdom of Jordan and the report of the Committee on Agriculture, water and marshes in order to facilitate joint work between the two countries in the field of animal health and the preservation of livestock, development and control of animal epidemics. As approval of the draft law on ratification of the Convention on cooperation in quarantine and plant protection between the Governments of the Republic of Iraq and the Hashemite Kingdom of Jordan and the report of the Committee on Agriculture, water and marshes in order to facilitate joint work between the two countries in preventing the spread of diseases and pests of agricultural crops and trading of agricultural products. On the other hand, postponed the presidential vote on the draft law amending the Penal Code No. (111) of 1969's to cancel the decision of the Revolutionary Command Council (degenerate) No. (206) of 1969, the Article (261) and sponsored by the Legal Committee at the request of the clans. وا Completed the Council vote on the draft Law on the Ministry of Construction and Housing, sponsored by the committees of labor and services and financial in order to review the organizational structure of the Ministry and its functions and powers and for the purpose of increasing production and improving its quality. The other hand, followed by MP Arshad Salhi a statement demanding to host the President of Property Claims Commission and the representative of the Ministry of Municipalities in the Legal Committee to resolve the problems witnessed in the ninetieth in Kirkuk. For his part, Wade MP Khalid Shwani Chairman of the Legal bidding, indicating that the Property Claims Commission in Kirkuk out their reluctant, especially with regard to the ninetieth region, stressing the need to overturn decisions by the dissolved Revolution Command Council, which damaged the chip Turkmen, Christians and Kurds. ف In the meantime, MP Mahmoud Othman said the Presidency of the Council of Representatives decided to lift the parliamentary sessions to a third day of next month, stating in a press statement That the Presidency of the Council decided to continue the work of the committees on Saturday and Sunday. And approved during the period Nowruz celebrations festivals and hosting of the Conference of Iraq's Arab summit in the twenty-ninth of this month http://translate.goo...AvBmir7uvdmKSoQ

Committees, Iraq - Kuwait meets in April 17/03/2012 BAGHDAD - Al Sabah Received in time for the visit of Prime Minister Nuri al-Maliki to Kuwait and the results achieved through a broad resonance in the political arena, Iraq and Kuwait agreed to hold meetings of joint committees between the two sides in April. The center of this image, Prime Minister Nuri al-Maliki said his visit to Kuwait yielded good results, notably in the areas of the airline and the border, saying in a statement ahead of the conclusion of his visit to Kuwait that joint technical committees continues to tasks and work to resolve all outstanding issues in a spirit of fraternal. Prime Minister has returned to Baghdad yesterday morning after his official visit to Kuwait. The visit resulted in agreement on a number of issues and the outstanding issues between the two countries, two sides also agreed on the basis of common frameworks and to resolve all the files within short time scales. He described the Foreign Minister Hoshyar Zebari held talks Prime Minister Nuri al-Maliki with the Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Sheikh Jaber Mubarak Al-Hamad Al-Sabah and Prime Minister as "very successful". و Zebari said in a press statement after the dinner was held for the owners: that these discussions as well as the bilateral talks between the Kuwaiti and Iraqi ministers were in a good atmosphere and good and contributed to the strengthening of bilateral relations. Adding that "the next term will see a very positive development of these relations." And "it was in talks to reach a solution on the settlement of debts of Iraqi Airways to Kuwait Airways Corporation In regard to other issues, there are obligations and benefits to Iraq in accordance with international resolutions. . He also announced that the two sides agreed to hold a meeting of the Ministerial Committee Kuwait - Iraqi Prime Minister and Foreign Ministers of both countries after the Arab summit to be held in Baghdad later this month, as will be the second session of the joint higher committee, Iraq - Kuwait Baghdad in the first half of next April under the chairmanship of the Ministers of foreign countries. http://translate.goo...hnPTuQ_VkZyBahw

The formation of a government committee representative to activate the law of postpaid On: Saturday 03/17/2012 8:09 Baghdad / term follow-up Declared a member of the Parliamentary Services Committee for the Committee's agreement with the Ministries of Finance and Transport and the Ministry of Municipalities to ask the law postpaid and studied in a joint committee formed by the ministries. Said Ihsan al-Awadi, according to (Rn) that Services Committee decided to form a committee of the ministries of finance, transportation and municipalities to submit new proposals to pass a law on deferred payment. " He added that this law needs to be consistent with the foreign economic policy for Iraq and not to tie the Iraq problems of financial loans. He pointed out that the Committee will submit its recommendations to the Commission services during the next two weeks, "it is hoped to be reduced from 37 billion to $ 18 billion." The draft law structures infrastructure, the new implementation of the foreign companies, especially Korean, including infrastructure projects, Kalmsafa, schools, hospitals, water projects, in a deferred payment by $ 37 billion U.S.. rejected the House of Representatives during its previous session, a bill of infrastructure made by the government at that time, which provides for the granting of investment companies large infrastructure projects worth $ 70 billion in a deferred payment, when many countries of the industrialized world and is undergoing a lot of money. http://translate.googleusercontent.com/translate_c?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&u=http://almadapaper.net/news.php%3Faction%3Dview%26id%3D62154&usg=ALkJrhgQOmHR49xsPdVw2X2irJXM0fOqyQ

Parliament plans to host the central bank governor on the back "Warka On: Saturday 03/17/2012 8:11 Baghdad / term follow-up Revealed the source of a parliamentary intention to the House of Representatives to host the Governor of Central Bank of Iraq against the backdrop of the recent decision to impose custody of the Warka Bank. A member of the Finance Committee in the House of Representatives Secretary Hadi's (Baghdadi News) will host Central Bank Governor Sinan Shabibi as a first step to know the dimensions of the subject and style of the Bank in dealing with him. said Hadi: We as a Council deputies are keen to protect depositors' money in the bank and we have received complaints on the subject He pointed out that the central bank is responsible for the bank to the intervention of the Central Bank was legal to protect the capital. "And Hadi, the crisis began two years ago when the start of the Warka Bank lags in the payment of letters of guarantee-oriented ministries, prompting the government to withdraw their deposits quickly to continue developments, procedures and access to the recent decision of the Central Bank imposed a trusteeship on the Warka http://translate.goo...IrVeHApCzVetm-A