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Asian economies 'on the move:' Singapore PM – Investor's Iraq …
April 17, 2010 Leave a Comment
Economic : decisions of the central and institutional building
April 17, 2010 Leave a Comment
Economic : decisions of the central and institutional building
Yasser incumbent
When the decision is a sound That was the right way to build institutional desired as long as we plan or to strive to achieve this we must believe in building Bmsalmat many of them to hear the views of the tools on this institution or the other.
This introduction, I am citing after my participation in the sharp debate took place between those involved in banking operations, which invited him their association to deliberate on a decision issued by the Central Bank to lift the capital of private banks to 250 billion dinars during the three years of its publication.
As necessary to search in the reasons for the decision as it analyzes show and the views put forward that the CBI is trying to achieve monetary reforms in private banks as the sector under its supervision. This decision is very sound to seek central to the achievement of the institutional structure which should be compatible with the phase of the change sought by Iraq, but everyone and led economists agree that this change can not be achieved between overnight but need a gradual reform of the remoteness of the decisions on the effects of directed where it is known that the economic challenges and the compressor
Social harder it is to achieve quick fixes and here Aani stand idly by and watch, but must first steps just so accustomed to the goals of change and accept provoked yet to realize future importance of this culture is not familiar to us and this is the greater role that is supposed to play the next government in the formulation of its approach to economic development.
back Eduard central bank’s decision to lift capital as obligatory decision objections banking institutions where the whole heads of boards of directors and managers authorized banks to participants, including In a symposium to discuss the resolution that the current stage could hardly for this move capital. but they are not against the resolution but wanted to succeed and that if the central bank to reschedule the transition and change.
attributed the cause to extend the time period that the picture is incomplete so far in shaping the government and its program Economic this first: then the accumulation of capital in banks and accommodated in the size of any existing investments that the investment environment is not encouraging at the present time especially as stock prices started to decline in the Iraqi stock exchange Once the decision to hear how if applied?
More importantly, they demanded that the government supports the activities which were to be exercised by the banks as there are major intersections in this area that appeared to be Baharthm ministries failed to deposit their money in these banks and you have to imagine the magnitude of the problem to hold one.
Therefore, we believe the door to be the institutional structure intact and reform of the successful to hear the Central Bank to the views of stakeholders with a view to preparing the proper requirements of the Building and Construction is the ultimate goal that purports to central direction of the banking sector to contribute to him, but conditions are still inadequate even though I know that the steps the central bank is correct and purposeful application of international standards to encourage investors to work in Iraq, but if you want to obey you may order is possible. Such seminars and discussions in this high transparency but indicate intentions aimed at building the right, and this is one of the images desired in building democracy in Iraq.
We hope to respond to the central bank to requests for banking institutions and are sure that monetary policy is successful in Iraq will not ignore such cases and the effect on I sense a desire and direction from the central bank to bank mergers between them is the optimum solution to overcome the obstacle of capital, but so far did not have the culture nor the courage to the current phase of like how the decisions and need to devote a culture of integration and also on the stages after the workers in the monetary policy, economists highlighting the benefits of integration and assurance stakeholders, the importance and acceptance of and accept some assignment of privileges or maintain procedures and laws guarantee this technique is needed to review (economic morning) is open to all opinions on the pros and cons of integration so they can be to find out which one is healthier?
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* Allawi’s renewed threat to boycott the political process
April 17, 2010 Leave a Comment
Renewed Iraqi List led by former Prime Minister Iyad Allawi, the threat to resort to several options, including the District of the entire political process if they are not abiding by the Constitution to go beyond the legitimacy of the cluster to form the new government.
It noted the Spokesman Cluster Mason Damluji to “eligibility (Iraqi) to form a government, having won a majority of seats in parliament in legislative elections,” which took place on the seventh of last month, said that everyone abide by the terms the Constitution, which gives us the right to form a government and if we fail in that it is the right president of the republic political bloc Other “in the new parliament.
And on the expected coalition between the coalition of the rule of law, led by Nuri al-Maliki and the National Coalition led by Ammar al-Hakim, said Damluji in a statement to the Agency (Aki) “from the right of any block to ally with another, because this form of democracy that we seek to focus established in the country,” she said ” But the important thing, but go beyond the Constitution, which gave us the right to form the government, we are the biggest bloc (according to polls), and if you do not want any of the blocks then coalition with us, which is probable, and become the place of each article, “as she put it.
On the references cited by some Kurdish leaders proximity of the new alliance is expected between the State Law and the National Coalition, responded spokesman Allawi’s bloc: “If crowded on the constitution and returned to the project sectarian ugly, all the options open to us, including the province of the entire political process, because we refuse to grant the trend of ethnic and sectarian state legitimacy “in the country.
And its relations with the Iraqi Sadrists and not to meet the delegation of the list in his recent visit to Iran, the leader of the current Moqtada al-Sadr, said Damluji “Mr. Muqtada al-Sadr does not meet the politicians in general, but our relationship Balttiaralsdri good, and there is a convergence between us and them in visions, and this is evident in our meetings continued with them and was last night “Thursday.
She Damluji for “frustration of the retreat of the democratic process in the country,” striking that, “It is not our only to us, but a reflection on the feelings of voters Iraqi accompany him frustrating to circumvent democracy, believes that it is an important voice and challenge the circumstances and terrorism, will, and the sacrifices will be in vain, “as described.
And on arrests launched by security forces against some members of the Iraqi List, said Damluji “We just have to issue statements of condemnation and denunciation, and we demand the competent authorities to do something for their evidence requires these arrests,” noting the need to refrain from pushing the security services by political differences because they are devices for the protection of all Iraqis , according to the plan
http://www.uragency.net/index.php?aa=news&id22=6476
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Thai PM boosts army security role | New Iraqi Dinar
April 17, 2010 Leave a Comment
Army commander told to restore order to Bangkok as red shirts aim for more protests. View full post on AL JAZEERA ENGLISH (AJE)
New Iraqi Dinar – http://www.newiraqidinar.net/
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Kurd to keep open vision in formation of new Iraqi government
April 17, 2010 Leave a Comment
Kurd to keep open vision in formation of new Iraqi government
April 17, 2010 – 05:55:54
April 17, 2010 – 05:55:54
ARBIL / Aswat al-Iraq: Kurdish political powers on Saturday agreed to employ open vision when dealing with all other Iraqi political blocs in the formation of a new Iraqi government.
Kurds seek coalition government that represent all Iraqi components, said a presidential release received by Aswat al-Iraq news agency.
The statement stressed that future political agreements should rely on a clear program that combines both Iraq and Kurds priorities.
MH (P)/SR
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* Maliki concedes Allawi should be in government 4/17/10
April 17, 2010 Leave a Comment
Apr 17, 2010
Maliki concedes Allawi should be in government
BAGHDAD: Iraq’s incumbent Shi’ite Muslim prime minister said the next government to be formed after an inconclusive election in March had to include the Sunni-backed coalition that won the most seats.
Prime Minister Nouri Al Maliki, who is seeking a second term, said in an interview aired Friday it was too early for Iraq to be run by a majority government and a “national partnership government” was needed to ensure stability after years of war.
That meant the next government would be weak due to its subservience to conflicting interests, he said.
“I had wished that the (next) government would be formed on the basis of a political majority, leaving behind the quota-based system, but it seems that idea is still premature,” Maliki told the US-funded Al Hurra television network.
“The thing we have to accept is that there must be a national partnership government. A national partnership government means all main factions making up the Iraqi community are represented in it.” Maliki’s Shi’ite-led State of Law alliance came second in the March 7 vote with 89 seats in the 325-seat parliament.
The cross-sectarian Iraqiya bloc led by former prime minister Iyad Allawi won the most seats at 91 after gaining broad backing from minority Sunnis who dominated Iraq under Saddam Hussein and who are hungry to regain influence after seven years of Shi’ite political supremacy.
The results still need to be certified, a process that could yet take weeks.
In the meantime, Maliki’s bloc and Iraq’s other main Shi’ite-dominated coalition, the Iraqi National Alliance (INA), have been inching toward a tie-up that could sideline Allawi, a secular Shi’ite.
That could increase sectarian tensions if Sunnis feel aggrieved, at a time when the all-out sectarian conflict that followed the 2003 US-led invasion has faded and US troops are preparing to end combat operations and withdraw.
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GOING GLOBAL – EAST MEETS WEST – ARTICLES OF INTEREST: It is …
April 17, 2010 Leave a Comment
Said Deputy Director of the Contracts and Licenses in the Ministry of Oil Sabah al-Saadi is expected to reach production of oil fields in central Iraq to more than four hundred thousand barrels per day during the next few years, … Jihad
said that the Ministry of Finance will allocate a hundred billion dinars for the formation of the company, the refinery will be the nucleus the center section of Baghdad, and occupy a lot of unemployed graduates and the oil and …
GOING GLOBAL – EAST MEETS WEST… – http://articlesofinterest-kelley.blogspot.com/
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Kurdistan’s 2010 budget approved
April 17, 2010 Leave a Comment
Saturday, 17 April 2010, 09:45 EDT
Kurdistan’s 2010 budget approved
Members of Kurdistan Parliament shown in this file photo listen to a speech by Parliament Speaker Kamal Kirkuki. GLOBE PHOTO/ Safin Hamed
By Aiyob MawloodiMajority of MPs put an end to 13 sessions of budget discussions
The 2010 budget is expected to positively impact the "economic, social, and political life" of the region.
After two months and 20 days of working and 13 sessions of discussions on the Kurdistan Region’s 2010 draft budget, and after all the articles and paragraphs of the draft law were scrutinized, discussed in detail, and voted for separately, the Kurdistan Regional Parliament voted for and passed the budget on Tuesday, April 13.
Tuesday’s Parliament session was headed by Dr. Kamal Kirkuki, Parliament Speaker, and attended by his deputy Dr. Arsalan Baiyiz, the secretary of Parliament Firsat Ahmed, Sheikh Baiyz Talabani, Kurdistan Regional Government’s (KRG) Minister of Finance and his deputy, Rashid Tahir, as well as Dr. Ali Sindi, the KRG Minister of Planning.
The total proposed budget of the region for the year was 11,432,176 million Iraqi Dinars (approximately US$10 billion: 3,534,074 million Dinars (approximately US$3 billion) is for the investment budget, and 7,889,102 million Dinars (approximately US$7 billion) is for the operating budget.
In a press conference in Erbil on Thursday, April 15, Finance Minister Talabani made a comparison about this year and last year’s budget, pointing out two major changes,. These include the increase in the budget by approximately 2.6 trillion Dinars (some US$1 billion), and a change in the share of operating and investment budget. According to Minister Talabani, in 2009 the investment budget was 27.81%, while it has increased in 2010 to 30%. The operating budget decreased from 72.19% to 69%. According to the draft law, the region would be running a deficit of some 835,000 million Dinars (approximately US$750 million) this year.
The approved budget has some minor differences with the original proposed budget.
The changes effected by Parliament during that period include rejecting a number of projects with a total approximate value of 40 to 50 billion Dinars (approximately US$.5 to 45 million), and supervising and implementing party for some projects with an approximate budget of 200 to 300 billion Dinars (US$250 to 350 million).
The new system for housing projects was rejected, and the old system was voted to continue functioning. This decision led to a reduction in the proposed 350 billion Dinars for the housing loan budget to 200 billion. The remaining 150 billion was used to increase the mortgage budget by 90 billion Dinars, allocating 10 billion Dinars for improving the sports infrastructure; 50 billion Dinars was allocated for investment and agricultural development.
Besides the original articles of the budget, the Legal Committee of Parliament suggested some recommendations to be included in the final law, which were as follows:
First: Uniting the budget and unifying all those institutions that are the remainders of the two separate administrations within six months, which won a unanimous "Yes" vote.
Second: The Council of Ministers has to provide details about the timing and locations of the projects along with other relevant information–this was also approved unanimously.
Third: Paying more attention to those areas that suffered most during the collapsed Baathist Regime. However, no specific area has been identified to be prioritized. This recommendation was also collectively approved.
Fourth and last: All salaries of all government employees whose salaries had been cut for political reasons have to be paid again, which was approved collectively without change.
Even though efforts have been made for the budget to give equal and balanced attention to various sectors and projects, it appears that some sectors gained more attention in the approved budget due to their urgency and significance to the population of the region.
A member of Parliament and of the Economic and Finance Committee, Omar Siddiq Mohammed, says that in general the education, higher education, and housing have been given more significance in comparison with the rest of the sectors.
"Providing a better education and more scholarship opportunities for university students abroad as well as finding a solution for the housing problem from which the people are currently suffering seem to be attached a higher priority in Kurdistan’s 2010 budget," said MP Mohammed.
MP Awaz Abdulwahid, member of the Security Committee from the Kurdistani List, said that Parliament also voted for the adjustments made by the central government’s budget to the salaries of police, security, and Peshmarga forces.
Experts and observers described the budget as the only fully transparent budget of the region, and the long discussion about it as proof of transparency and democracy.
Ali Omer, expert and professor of economics, claims that this year’s budget is different from the previous year’s due to the fact that it was prepared soon and discussed thoroughly while the entire region’s population was following the discussions. This is beside the fact that the budget is well drafted to provide the best services to the public and distribute the region’s wealth evenly and fairly among the people and the sectors.
Seventy-two votes supported the amended budget and won over 33 "No" votes. Thus, the 2010 budget of the region passed a prolonged period of discussion and scrutiny by Parliament members. This event is expected to have positive effect on various aspects of the economic, social, and political life of the region’s population and others who have a stake in the region.
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Not Giving Up……
April 17, 2010 Leave a Comment
Tho I am new to posting I am not to monitering what is going on, last week I posted about a topic about an opinion an aquaintance of mine had.I enjoyed all your positive feedback, know I am gonna voice my opinion….people want to sell and bail out, go right ahead if you think that is the thing to do. NO way am I gonna bail on this investment, been in it a long time, I will no longer debate with people that say I am crazy.I have faith that this will happen someday, when, who knows……Only advise I would offer is if you sell and it rv`s within a year, how will you feel.I will say no more best of luck to everyone.
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* Maliki has offer for man who outpolled him
April 17, 2010 Leave a Comment
Friday, April 16, 2010; 7:26 PM
BAGHDAD — Iraqi Prime Minister Nouri al-Maliki remains at loggerheads with his chief rival, Ayad Allawi, over who will claim the country’s top job after lawmakers elected last month are seated.
But on Friday, Maliki extended an olive twig to his nemesis, saying that Allawi’s Iraqiya bloc, which won two more seats than Maliki’s State of Law bloc, should be a key player in the next government.
Because political coalitions are free to redraw alliances now that the votes are counted, Allawi’s bloc could conceivably be marginalized if Maliki’s group manages to band together with other Shiite parties and the Kurdish coalition to gain enough seats to form a government.
Sunni leaders — who mostly supported Allawi, a secular Shiite — and U.S. officials call that scenario dangerous. They say they fear it would widen the sectarian divide and possibly spark a return to the Sunni-Shiite warfare that gripped the country several years ago.
Iraqi politicians say the political horse-trading is likely to drag on for months.
Maliki, who was interviewed on the U.S.-funded TV station al-Hurra, also said he would not attempt to lure swing blocs such as the Shiite Sadrists by ordering the release of detainees.
“I cannot do that,” he said. “Unless you want me to be another Saddam Hussein.”
http://www.washingtonpost.com/wp-dyn…com+-+World%29
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