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The World's Biggest Oil Reserves
by Christopher Helman
Monday, January 25, 2010provided byForbes
Chances are your energy needs are going to flow from one of these fields in the future.
This month Iraq will finalize contracts with the likes of ExxonMobil, Royal Dutch Shell and BP to develop some of its biggest oil fields. These giants are among the world's last remaining pockets of so-called "easy oil." They don't require ultradeep drilling or innovative production techniques, just the application of Big Oil know-how. No wonder the oil companies agreed to develop Iraq's fields without even getting an ownership stake in the fields and collecting as little as $1.15 per barrel recovered.
http://finance.yahoo.com/family-home/article/108651/the-worlds-biggest-oil-reserves
Iraqi-US cmte resumes talks on chapter VII
Politics 1/25/2010 12:06:00 AM
BAGHDAD, Jan 24 (KUNA) -- The Iraqi-US coordination committee held a meeting on Sunday to follow up on discussions on the issue of relieving Iraq of the UN-imposed Chapter Seven.
The Iraqi Foreign Ministry said in a statement that minister Hoshyar Zebari headed the Iraqi side at the meeting, while the US party was led by the Deputy Secretary of State Jeffrey Feltman.
Discussions at the meeting dealt with various issues of common concern, current regional affairs and means and plans for boosting security and stability in Iraq in particular and the region in general, the official statement said.
They also dealt in particular with the means to relieve Iraq of the chapter seven, efforts to enable Iraq restore its international status that it had enjoyed before issuance of the UN resolution 661 in 1990, in addition to the US honoring of its pledges with regard of the withdrawal of the American forces from the country.
In October 2009, the US declared that it agreed with Iraq on establishing the joint commission to resolve issues related to the chapter Seven. (end) ahh.rk KUNA 250006 Jan 10NNNN
http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2056678&Language=en
I let's you know.
As seen on TV
http://www.dinarnetwork.com/
Land Rover ventures into Northern Iraq
Business Intelligence Middle East - [1/20/2010]
Land Rover, one of the world’s most renowned luxury, premium SUV manufacturers, has reiterated its commitment to the Middle East by venturing into a new an untapped market – the northern region of Iraq also know as Kurdistan.
Appointing the esteemed Sardar Trading Agencies Ltd., the flagship company of Sardar Group, the largest privately owned automotive group in Iraq, as the exclusive Importer to represent the Land Rover brand; this venture marks the world renowned SUV manufacturers’ first official entry in the region.
http://www.iraqdirectory.com/DisplayNews.aspx?id=11351
First Visit to Iraq of Shamshad Akhtar, World Bank Regional Vice President for Middle East and North Africa Region
Press Release No:2010/232/MENA
Contacts:
In Washington: Najat Yamouri
nyamouri@worldbank.org
202-458-1340
In Beirut: Mona Ziade
+961-1 987 800
mziade@worldbank.org
Washington DC, January 19, 2010- The World Bank Vice President for the Middle East and North Africa Region, Ms. Shamshad Akhtar, visited Iraq on January 16th to 19th, 2010. The objective of this visit was to advance the strong partnership between Iraq and the World Bank Group.
The Vice President congratulated the Government for launching the Iraqi Poverty Reduction Strategy, on Iraq’s accession to the Extractive Industries Transparency Initiative (EITI) and extended the Bank’s support to the Iraqi Joint Anti-Corruption Council and its work on strengthening anti-corruption, accountability institutions and Anti Money Laundering. "Reducing poverty is the focus of development efforts worldwide, while improved governance is a key to the development process itself" suggested Ms. Akhtar.
http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22445115~menuPK:34463~pagePK:34370~piPK:34424~theSitePK:4607,00.html
United Bank of Iraq for Investment selects banking software Banks from International Computer Systems (London)
Jordan: Wednesday, January 13 - 2010 at 10:37
PRESS RELEASE.
International Computer Systems (London) Ltd. (ICS) and Computer and Communications Systems Ltd. (CCS), two of the leading companies in the automation and computerization of banking systems, have announced the signing of a new agreement with United Bank of Iraq for Investment for the implementation of International Computer Systems' universal banking software solution "Banks".
The agreement was signed in Amman - Jordan, and took place at CCS headquarters. The signing ceremony was attended by United Bank of Iraq for Investment's Vice-Chairman of the Board of Directors; Mr. Raad Al Badri, Director of International Computer Systems (ICS); Mr. Robert Hazboun, General Manager of Computer and Communications Systems (CCS) in Palestine; Mr. Nasser Abu Hijlah and General Manager of Al Awa'el for Information Technology Services - a division of CCS - Mr. Zuheir Qulaghasi.
Mr. Al Badri, Vice-Chairman of the Board of Directors for United Bank of Iraq for Investment, was very pleased of opting one of the leading universal banking solutions Banks, hoping that the agreement marks the beginning of a lasting partnership and cooperation with International Computer Systems (London).
"The Iraqi financial market is experiencing a bright launching, and proceeding to bring the best and the latest global banking services to its clients by introducing and developing within the banks structure the best modern international banking system applications. As a result, United Bank of Iraq for Investment is ensuring the best of breed technology delivery to its client by opting one of the leading banking solutions provider; Banks," said Mr. Raad Al Badri, Vice-Chairman of the Board of Directors, United Bank of Iraq for Investment.
Mr. Robert Hazboun; Director of International Computer Systems (ICS), announced during the signing of the agreement, "We have been providing the Iraqi financial market with a complete suite of banking and financial systems for many years, and have witnessed our customers' growth in Information Technology needs throughout these years. We welcome United Bank of Iraq for Investment to our Banks family reference and users, and are proud to serve them as their technology partner. Our Banks Investment package offer an essential, straight through processing and end to end event driven processing for a wide range of financial products including securities, equities and derivatives. ICS will ensure United Bank of Iraq for Investment to provide high level banking services to their customers."
This new agreement for ICS' Banks solution makes United Bank of Iraq for Investment the 9th user of Banks in Iraq and 62nd worldwide.
ICS' Banks solutions utilize the world's leading technologies to deliver extraordinary value, through unifying and automating the enterprise processes on a multi-lingual and multi institution features, providing our banking clients with an incredible flexible best-of-breed technology and offer unparalleled support, that have been assembled by team of hundreds; dedicated programmers, banking and finance experts who have successfully delivered turnkey solutions to clients of all sizes over three decades of experience.
http://www.ameinfo.com/221000.html
BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) has terminated its current session in the light of search measures have been imposed in the capital Baghdad.
"The IWC has canceled the meeting of foreign currency transactions on Tuesday by the inability of its employees and representatives of private banks to reach the shore," said a bank source told Aswat al-Iraq news agency.
The source said the market could resume its sessions tomorrow if measures were reduced search.
A spokesman of Baghdad Operations Command (BOC), Major General Qassem Ata, said strict security measures have been implemented in the capital Baghdad, after intelligence reports about planned suicide attack.
Some residents of the capital have spoken of a "military coup thwarted Sunni official and a curfew that included parts of Baghdad.
The Central Bank of Iraq runs a daily auction from Sunday to Thursday.
http://en.aswataliraq.info/?p=125067
Conscious / Central Bank: perfective of the Iraqi dinar against foreign currencies much
Conscious / Baghdad / h. B
11/1/2010 4:11 pm
Amadhr said Mohammed Saleh adviser at the CBI that the Iraqi dinar improved well Mlhod against other currencies.
He Amadhr correspondent ( News Agency, Iraqi Information / conscious ) That the Iraqi dinar today has presented a strong currency can not be underestimated in front of all other currencies has a clear impact through his rivalry with the U.S. dollar
He said, adding that the monetary value of the currency be delayed and hampered by some of the policy and political crises and the current situation in Iraq..
http://al-iraqnews.net/new/iconomi/49956.html
Maliki is that Iraq is now eligible to enter the Transparency International.
01 10 2010 09:01 GMT
Alsumaria News / Baghdad
Iraqi Prime Minister Nuri al-Maliki said on Sunday that Iraq Sevikr be one of the 34 countries entered the organization Transparency International, with Oil Minister that his ministry is working hard to provide legal matters, technical and logistical, which qualifies him to enter into the organization.
Maliki said in a speech during his attendance at the initiative of transparency in extractive industries, in Baghdad, attended by "Alsumaria News", "The oil industry in Iraq, for the first time, become transparent, and for all to see, as in licensing rounds I and II".
Maliki said that "the efforts of the Government made the transparency of national unity in the face of corruption, which has spread during the former regime has widened, and after his fall," stressing the need for "the existence of actions that contribute to work smoothly, finance and investment, and other punish and prevent corrupt."
The Chairman of the Iraqi government to "Iraq has the right to be proud on this day, as will be one of 34 countries entered the organization Transparency International", stating that "This thing indicates that the country has fulfilled all the conditions that qualify it to enter into the organization.
For his part, Iraqi Oil Minister Hussain al-Shahristani, in a speech at the conference, "The Oil Ministry is working hard to provide all legal matters, technical and logistical, which qualifies him to enter into a bound, and that the ministry was among the first to develop the principle of transparency, even before thinking about joining the organization , compared to the rest of the countries that are oil. "
Shahristani said that "The Ministry publishes reports on what is extracted from crude oil, and the size of oil resources in the country, and companies to our market, through the Internet and other media," adding that it "offered, and full transparency, offers to develop some oil fields on some companies World competent, through competition between these companies in licensing rounds of the first and second. "
The Oil Ministry announced on 12 were the first to last, at the end of licensing round investment of Iraqi oil fields Second, the volume of investment in oil fields will reach 100 billion dollars, with oil revenues by about $ 200 billion annually, while adviser said the Cabinet that the Council has no reservations on the field won by investment companies.
The Minister of Oil that "licenses will provide tours of Iraq, a place among oil-producing countries, as it would make Iraq the most important countries in the region", stating that "The ministry made contacts with the International Secretariat, hosted by the President of Transparency International, Peter Hayden, in October 2008, Ka reviewed the matters and procedures that allow access to the organization. "
The annual report of Transparency International in 2009 showed that Iraq, Sudan and Burma ranked Ithb in terms of corruption in the world, Somalia took first place in the report, followed by Afghanistan, the report pointed out that countries experiencing internal conflicts in a state of disorder, corruption of any control, and increased in the looting of its natural resources, lack of security and the law. The annual report of Transparency International in 2006, he stressed that Iraq, Haiti, Burma occupied the first rank among the most corrupt countries in the world.
The Transparency International is a non-governmental organization, founded in 1993 in Germany as a non-profit organization are calling for the structural system of a democratic system, and based in the German capital Berlin, and is concerned with corruption.
Including political corruption and others, and publishes an annual Corruption Perception Index, which consists of a list compared to the countries in terms of the spread of corruption.
http://www.alsumarianews.com/ar/1/2075/news-details-Iraq%20politics%20news.html
Iraqi lawmaker: Iraq would emerge from Chapter VII of money during the next six month
Iraq - Chapter VII - penalty /
24/12/2009 13:35 24/12/2009 13:35 Baghdad, December 24 (AKnews) -
The deputy from the Kurdistan Alliance in the Iraqi Council of Representatives on Thursday that Iraq will emerge from the pain of Chapter VII of the United Nations, which imposed on him since the time of the former regime during the next six months.
Mahmoud Othman, a Kurdish news agency (AKnews) that "Foreign Minister Hoshyar Zebari said during a session on hosting, on the issue of money out of Iraq's Chapter VII of the United Nations because Iraq is just around the corner to get out of it" .. pointing out that "Iraq is out soon, no later than the middle of next year.
" He pointed out that "Iraq needs a diplomatic mission with the efforts of some Gulf states, especially Kuwait to get out of this item". The Iraqi parliament hosted yesterday, Iraqi Foreign Minister Hoshyar Zebari on the issue of the field of "small change" the oil and the efforts of the Iraqi government to expel the Iranian ones, and the formation of an ad hoc committee of the valve cover to discuss the issue of demarcation Alhdodalmstrkp.
(???????) ? ? 24/12/2009 (AKnews) and c 24/12/2009
http://www.aknews.com/ar/aknews/4/96985/
FINANCIAL TRANSACTIONS - All financial transactions with Iraq are allowed except for those involving individuals and entities appearing on OFAC's SDN list. This includes the
opening of correspondent accounts for Iraqi financial institutions.
http://www.treas.gov/offices/enforcement/ofac/programs/iraq/iraq.pdf
UN Vote 12-21-2009
21 December 09Security Council: The situation concerning Iraq.
21 December 2009
Security Council
SC/9827
Department of Public Information • News and Media Division • New York
6249th Meeting (AM)
The Security Council today extended until 31 December 2010 the arrangements for depositing into the Development Fund for Iraq of proceeds from oil and gas export sales. The mandate of the International Advisory and Monitoring Board intended to monitor the Development Fund was also extended.
The Development Fund for Iraq, as well as its auditing mechanism -- the International Advisory and Monitoring Board -- was referred to by resolution 1483 adopted on 22 May 2003 in the wake of the invasion of Iraq by Coalition Forces, when the Council underlined that the “Development Fund for Iraq shall be used in a transparent manner to meet the humanitarian needs of the Iraqi people, for the economic reconstruction and repair of Iraq’s infrastructure, for the continued disarmament of Iraq, and for the costs of Iraqi civilian administration, and for other purposes benefiting the people of Iraq”. (See Press Release SC/7765)
Unanimously adopting resolution 1905 (2009) and acting under Chapter VII of the United Nations Charter, the Council decided that the mechanism of the Development Fund and the International Advisory and Monitoring Board as well as other relevant provisions of resolution 1483 (2003) would be reviewed at the request of Iraq’s Government, or no later than 15 June 2010.
The Council called on the Government of Iraq to ensure the timely and effective transition to a post-Development Fund mechanism by 31 December 2010 and to put in place the necessary action plan and timeline thereto by 1 April next year. The Council further requested the Government, through the head of the Council of Financial Experts (COFE) to report quarterly to the Council on progress made.
The meeting started at 10:43 a.m. and rose at 10:45 a.m.
http://www.un.org/News/Press/docs/2009/sc9827.doc.htm
try this one..
Google CEO in Iraq
United Nations Webcast
channel 4
The situation concerning Iraq
10:00am Security Council
Monday, 21 December 2009
All indicated times are New York time (GMT-5)
http://www.un.org/webcast/#
Republic of Iraq Monetary Summit Briefing
The Republic of Iraq National Government, United States of America and its coalition allies are in the midst of confirming the 18 December 2009 date to discuss monetary terms concerning our globalization of the New Iraqi Dinar. Confirmations have been established by 13 of the 22 parties needed to proceed with these dealings (15 are needed to validate hearings).
In a recent summit, finance minister Adel Abdul Mahdi wrote the following:
Arabic to English translationShow romanization
As the dinar is going to RV
In any day now. As soon as we gather together in a
For financial summit, the world will soon recognize the dinar written for
A new global religion. Our goal in Iraq is to import Ot
Export and supply of oil in the world with Alkt
Seen. I believe that this will be put in place before the new year.
English Translation (summarized): We feel strongly that these summit hearings will result in a complete globalization of our national currency and that we shall soon see a dramatic increase in the value of our legal tender.
Minister of Petroleum, Ibrahim Bahr al-Uloum, wrote Wednesday, December 2009:
For financial summit, the world will soon recognize the dinar written for
A new global religion. Our goal in Iraq is to import Ot
Export and supply of oil in the world with Alkt
Seen. I believe that this will be put in place before the new year.
English Translation (summarized): Our abundance of natural resources has positioned us to take full advantage of the current international economic crisis. I strongly believe the New Iraqi Dinar will soon be a respected currency within the global marketplace.
The al-Ittilaf al-Watani al-Iraqi (National Iraqi Alliance) mainly composed of Shi'ite Islamist Arab parties, has recently expressed approval of the forthcoming Iraqi Monetary Summit and also anticipate the future currency stabilization to result in national unity and internal strengthening.
The Saed Al Shuhada Islamic Movement appears to be the only national organization that opposes the Monetary Summit. Salam al-Maliki has stated that he disagrees with the summit meeting due to what he calls, the current condition of national unrest and the ever changing stability of the Iraqi national climate. His concerns were well documented during the recent hearings of the Iraqi National Dialogue Council. His concerns have not affected President Jalal Talabani’s decision to hold the hearings.
Trade minister Abdel-Karim Mahoud al-Mohammedawi and finance minister Ali Adbul-Amir Allawi have recently issued this speculative briefing which was sent to all members of the governing council:
English Translation (summarized): We feel through a series of strong and productive hearings, we could come to realize a globally unified currency. The affects of international trading of the New Iraqi Dinar, could see the value of our currency be assessed as high as $1.85 as compared to $1 USD. This is purely speculative but our country’s strong foundation of renewable resources along with a sturdy history of agricultural exportation supports this speculative estimate. Conversely, we feel as though the floor price could possibly be as low as $1.10 as compared to $1 USD, given a substantial decrease in the 2006 calculation of our gross domestic product evaluations.
You are receiving this news because:
A: You are an international dealer of The New Iraqi Dinar
B: You have purchased a substantial amount of The New Iraqi Dinar
C: You are/were a contributing member of the US Embassy in the Republic of Iraq
D: You are/were a member of the federal parliamentary republic.
E: You were an affiliate of the government’s austerity measures agenda.
Solagh: the decision to lift the value of the Iraqi dinar was the result of valuable studies
Finance Minister Baqir Jabr said the Iraqi dinar has been improving Mlhaudha during the current period.
He said the Bayan fluctuations in the local market due to some rumors that have arisen to block this improvement.
He explained that the Iraqi Central Bank's decision to raise the value of the Iraqi dinar against foreign currencies was correct and was the result of valuable studies aimed at raising the purchasing power of the Iraqi people above all else.
He pointed out that the Ministry's plans absorbed all future programs in the budget for this year to move the Iraqi economy properly.
http://foratnews.com/paper.asp?ID=2819
12/17/2009 5:45:07 AM
Solagh: the decision to lift the value of the Iraqi dinar was the result of valuable studies
Finance Minister Baqir Jabr said the Iraqi dinar has been improving during the current period. Bayan said that fluctuations in the local market due to some rumors that have arisen to block this improvement.
He explained that the Iraqi Central Bank's decision to raise the value of the Iraqi dinar against foreign currencies was correct and was the result of valuable studies aimed at raising the purchasing power of the Iraqi people above all else. He pointed out that the Ministry's plans absorbed all future programs in the budget for this year to move the Iraqi economy properly.
Original Arabic Version
Translated Article
Note Dec. 17th, 21st and 31st as it relates to Iraq.
http://www.un.org/Docs/sc/pow.pdf
Dear Warka Clients,
As we have entered the end of our fiscal year preparing and finalizing our finances and budget please note that outgoing wire transfers (EFT) service will be temporarily put on hold until the new financial year begins in January 2010 in accordance with standard practice and protocols.
We thank you for your fine cooperation assisting us in best serving our clients starting a great 2010 business and financial year.
Best regards,
Operations Team Warka Bank for Investment and Finance
http://www.warka-bank.com/inner.php?type=3&id=57
CBI Invests Part of it Foreign Cash Reserves For Empowerment of the Iraqi Dinar Exchange Rate.
December 14, 2009 - 12:59:51
BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) on Monday said it had signed an agreement with its Dutch counterpart to invest part of its foreign cash reserves in safe portfolios, according to a bank statement.
“The bank governor, Sanan al-Shabiby, has signed an investment agreement with the Dutch Central Bank,” read the statement that was received by Aswat al-Iraq news agency.
The CBI had signed similar agreements with international banks and institutions, the statement noted.
more ...
Central Bank of Iraq signed an investment agreement with the Dutch bank
Conscious / Baghdad / m a
http://articlesofinterest-kelley.blogspot.com/2009/12/cbi-invests-part-of-it-foreign-cash.html
Iraq Begins Participation in the IMF’s General Data Dissemination System
Press Release No. 09/460
December 15, 2009
The Republic of Iraq began participating today in the International Monetary Fund’s (IMF’s) General Data Dissemination System (GDDS), marking a major step forward in the development of its statistical system. Comprehensive information on Iraq’s statistical production and dissemination practices now appears on the IMF’s Dissemination Standards Bulletin Board (http://dsbb.imf.org/Applications/web/gdds/gddscountrylist/).
“Iraq is committed to use the IMF’s General Data Dissemination System as a general framework to continue developing the national statistical system consistent with best international practices,” Dr. Sinan Al-Shabibi, Governor of the Central Bank of Iraq, said. “The participation of Iraq in the GDDS will also lead to the production and dissemination of more reliable and timely statistics.”
Ms. Adelheid Burgi-Schmelz, Director of the IMF’s Statistics Department, welcomed Iraq’s participation in the GDDS. “Iraq’s participation in the GDDS is a major milestone in the country’s statistical development,” she said. “I am confident that Iraq will benefit from using the GDDS as a framework for further development of its statistical system.”
http://www.imf.org/external/np/sec/pr/2009/pr09460.htm
Iraq to be world's second biggest oil producer PUKmedia 13-12-2009 16:46:54
Iraq is on track to outstrip Russia as the world's second-largest oil producer after the award of a giant production contract to Royal Dutch Shell.
Shell and its partner, Petronas of Malaysia, secured access to the Majnoon field in the country's south, which contains an estimated 12.6 billion barrels of oil, more than three times as much crude as is left in the North Sea.
Iraqi oil minister Hussain al-Shahristani said the projected increase in capacity from Majnoon, plus a string of other deals signed with BP, Exxon Mobil and others, had placed Iraq on course to quadruple its current production of 2.5 million barrels a day to 10 million within seven years. That would put Iraq behind neighbouring Saudi Arabia, which produces 12.5 million barrels per day.
"The new Iraq . . . is in grave need of developing its oil industry," Prime Minister Nuri al-Maliki said at the opening of the auction.
IHS analyst Samuel Ciszuk said raising Iraq's oil production to 10 million barrels within seven years would be a "tough job".
Vast investment in pipelines, power stations and roads was needed.
-The Times, Bloomberg-
http://pukmedia.com/english/index.php?option=com_content&task=view&id=15059&Itemid=1
Google Says Good Opportunities For MBAs Perhaps In Iraq
My MBA Career - [12/2/2009]
MBAs and other professionals could be surprised to hear that Google's CEO Eric Schmidt recently said that Iraq could soon offer business opportunities.
Schmidt traveled to Baghdad in late November, where he announced that stabilization in Iraq could transform the country into the home of a viable marketplace, according to The Wall Street Journal.
http://www.iraqdirectory.com/DisplayNews.aspx?id=11015
Increasing, Middle East investment companies in Iraqhttp://www.iraqdirectory.com/DisplayNews.aspx?id=11035
CNN: Trade Bank of Iraq is linked to the global financial trading Bmjuap
25/11/2009 - 22:42 BAGHDAD / Aswat al-Iraq: Thompson Reuters announced that services for trading of foreign currencies that the bank will be the first Iraqi Commercial Bank of Iraq is linked to global trading, according to News Network CNN News on Wednesday....
http://ar.aswataliraq.info/?p=184857
Thomson Reuters Helps Iraq Enter Modern Banking
27 November 2009
DUBAI — Iraq has taken a symbolic step toward re-integrating into the global economy, with an agreement to connect an Iraqi bank electronically with international currency markets.
Executives for the Trade Bank of Iraq and UK-based information provider Thomson Reuters signed a deal in Dubai that makes TBI the first bank in Iraq to plug into the electronic money markets that most financial services firms take for granted.
“It’s a real sign that Iraq is back and in business,” Thomson Reuters Deputy Chairman Niall FitzGerald told a news conference on Wednesday....
http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/business/2009/November/business_November605.xml§ion=business
Iraq lawmakers end impasse, election to go ahead
By Waleed Ibrahim Waleed Ibrahim – 2 hrs 16 mins ago
BAGHDAD (Reuters) – Iraqi politicians agreed a last minute deal on Sunday to overcome divisions on a law needed for an election to take place next year, reducing the risks to U.S. plans for a partial withdrawal in 2010.
With 10 minutes till a midnight deadline for one of Iraq's vice presidents to cast a second veto of the law, deputies, badgered by U.S. and U.N. officials, voted unanimously to approve a compromise on the distribution of parliamentary seats.
Vice President Tareq al-Hashemi, a Sunni Arab, said he accepted the accord, which was voted on in a nail biting session, and that he would run the dates of February 27 or 28 by the electoral authorities to see which would be most suitable.
The three-person presidency council, of which Hashemi is a part, would then set a date.
"I have agreed to withdraw the veto," Hashemi said in a phone call to a television station.
http://news.yahoo.com/s/nm/20091206/wl_nm/us_iraq_election
Ready for the Forex...
http://www.bankofbaghdad.org/Content.aspx?pageid=7
Universal Currency Converter™ Results
Using live mid-market rates.
Using live mid-market rates. More currencies...
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Live rates at 2009.12.04 03:40:46 UTC
1.00 IQD
=
0.000866889 USD
Iraq Dinars United States Dollars
1 IQD = 0.000866889 USD 1 USD = 1,153.55 IQD
Trade Currencies. Click here!!
Google CEO envisions revival in Iraqi economy
November 25, 2009 - 07:58:42
BAGHDAD / Aswat al-Iraq: The chief executive officer of Google, Eric Schmidt, said that a stable Iraq could encourage businessmen to invest in the country, The Wall Street Journal said in a report.This came during his trip to the Iraqi capital Baghdad this week.”Mr. Schmidt was part of a delegation, led by Peter Pace, the former chairman of the Joint Chiefs of Staff, to encourage business development in Iraq,” according to the report.“‘After this tremendous investment in Iraq, we see business recovery finally happening,’ he said in a video interview provided by the U.S. Army. ‘The creation of a new Iraqi state ultimately means business opportunities for global firms’.”“‘Google’s interested in making sure that Iraq ends up being an open and transparent democracy — after all, information makes a big difference in everybody’s lives,’ Mr. Schmidt added.”“The delegation met with both military and civilian leaders in Baghdad, he said. ‘It’s clear that the government is reaching out now to business, to try to get us to begin our part in the reconstruction of Iraq’.”SS (P)/SR
http://en.aswataliraq.info/?p=122600
Prime Minister Nouri al-Maliki announces the Iraqi Gov YouTube Channel
From: Iraqigov | November 24, 2009
http://www.youtube.com/iraqigov
Wednesday, November 25, 2009
Trade Bank of Iraq joins Thomson Reuters world-class global foreign exchange trading service
Nov 25, 2009 (Hugin via COMTEX) ----Trade Bank of Iraq- first bank in Iraq to join Thomson Reuters global foreign exchange trading service
Baghdad & Dubai, 25 November, 2009 - Thomson Reuters today announced the Trade Bank of Iraq (TBI) will be the first bank in Iraq to connect to the international foreign exchange (FX) community using Thomson Reuters Dealing trading service. This deal reinforces Thomson Reuters strong position in the FX dealing space and further expands its global dealing community.
TBI, a state-owned bank, was established in July 2003 to facilitate Iraq's international trade and the reconstruction of the country after the expiration of the UN Oil-For-Food Programme. TBI has built relationships with a network of 120 banks covering 63 cities in 39 countries. It was one of the first Iraqi banks to receive lines of credit from major international financial institutions.
By joining the professional international FX community through Thomson Reuters Dealing, TBI will be able to access liquidity and counterparties across global FX and money markets.
TBI traders will also use Reuters 3000 Xtra, the company's real-time, high-performance desktop that delivers a full range of real-time, cross asset data and analysis tools for global financial professionals. The Bank's dealing code will be TBIB.
more on info.
http://www.foxbusiness.com/story/markets/industries/media/trade-bank-iraq-joins-thomson-reuters-world-class-global-foreign-exchange/
Iraqi bank to join Thomson Reuters FX dealing
Reuters - Wednesday, November 25
BAGHDAD, Nov 25 will become the first bank in the country to join the global foreign exchange dealing system of Thomson Reuters Corp <TRI.TO> <TRI.N>, a joint statement said on Wednesday.
The bank will use the system to help Iraqi companies trade internationally as the country returns to global financial markets, said Zaid A. Mahdi, TBI's vice-president for business development.
State-owned TBI was established in 2003 to facilitate Iraq's international trade and reconstruction after the U.S. invasion of the country and the ouster of Saddam Hussein. TBI said it had relationships with 120 banks in 39 countries.
http://asia.news.yahoo.com/rtrs/20091125/tbs-iraq-thomsonreuters-955c2a1.html
Clinton:US supports Iraq to pass election law
Tuesday, November 24, 2009 10:02 GMT
US Secretary of State Hillary Clinton expressed confidence that Iraq elections eventually will be held despite a new delay.
"We believe on balance that there will be elections," Clinton said. "They might slip by some period of time until this is worked out, because at some point the law has to be in place for the planning to begin, and so there necessarily needs to be a period of time in which the planning can occur”.
"We support the Iraqi government's efforts to pass an election law so that they can proceed with planned elections," she told reporters.
There's a number of ideas that we will be presenting, she added without elaborating.
"We have every reason to believe that elections will be held which will be another milestone on the journey that Iraqis are taking toward full and comprehensive democracy," Clinton stressed.
http://www.alsumaria.tv/en/Iraq-News/1-40853-Clinton%3AUS-supports-Iraq-to-pass-election-law.html
CNBC Recommends Investing In Iraq
Interesting fact about CBI's Sinan Shabibi and the upcoming United Nations meeting, which will cover the global economy..
http://articlesofinterest-kelley.blogspot.com/2009/11/central-bank-of-iraqs-governor-sinan.html
CNBC'S "ON ASSIGNMENT: IRAQ" Will Air Friday, November 20th
Published: Tuesday, 17 Nov 2009 | 1:50 PM E
By: Steffanie Marchese
CNBC's "ON ASSIGNMENT: IRAQ" will air Friday, November 20th at 8pm ET, pre-empting "FAST MONEY." It is a 30 minute program.
America's war in Iraq has cost more lives and money than any conflict since Vietnam and there are still nearly 120,000 US troops in the country. In order for our nation's sacrifice to pay off, Iraq's economy must succeed.
In a unique look at business in this war-torn nation, CNBC's Erin Burnett takes viewers "On Assignment: Iraq." America's top commander, General David Petraeus weighs in on the economic war he's waging and former soldiers explain why they're returning to Iraq to invest. Viewers also travel with the CEO of a Salt Lake company selling water in the desert and go on a road show with American investors visiting Iraqi companies and putting money in the country now.
A CNBC Original Documentary reported by Erin Burnett, "On Assignment: Iraq," airs Friday, November 20th at 8pm ET.
http://www.cnbc.com/id/33995470
U.N. preparing Iraq-Kuwait reconciliation plan
Tuesday, 17 November 2009 08:05 Kuwait News
http://www.kuwaitsamachar.com/index.php?option=com_content&view=article&id=29214:un-preparing-iraq-kuwait-reconciliation-plan&catid=3:kuwait-news&Itemid=326